Freshbooks Overview, Review & Alternatives 2014

Overview

The significance of accounting in any business domain can’t be overlooked, as it records and processes all the financial transactions made by any conglomerate. There is a mushrooming of accounting software available in the market, offering numerous features. And, it may confuse the end user at times. Though, all the accounting software promise to deliver the best, but here, we are talking about one of the widely used cloud based accounting apps, “Freshbooks”. Initially, it entered the market by merely letting the small client service businesses to process their invoices online. But, gradually it grew, and now it facilitates the user to perform various tasks related to estimates, expenses, time tracking and much more.

Freshbooks

Features of Freshbooks

User Interface: Usually, the first thing that comes in our mind while using any application, is its design, which should be simple to use. In the first glance, the Freshbooks interface turns out to be clean and tidy. The user can easily navigate to various features through tabs. Being a user, you can manage the contacts of all of your associates with one of its tabs, namely “New People”. The new design of Freshbooks helps you quickly perform all of your accounting tasks, and also lets you switch to classic view, if required. Its header facilitates you to set your organization’s logo. We took a closer look at its emails, and found that they are changed from the conventional plain text type to HTML for a better look. Though we found some scope of reducing extra white spaces from its screen, which may lead to unwanted scrolling, but the overall experience was good.

Data Access and Reports: This app is smart enough to save your client’s generic information such as currency, language preference, and quickly calculates taxes and discounts etc. while handling transactions . Its auto-fill option and drop down inventory menus certainly save a lot of your valuable time by letting you quickly send your invoices through cloud technology. It also helps the user manage recurring invoices and partial payments, which can be extremely beneficial to stay updated in business.

Accessibility: Freshbooks app can be used by iOS as well as Android users, and can be downloaded free of cost. The mobile version of this app lets you generate invoices, track time and expenses and manage receipts, even if you are on the go. You can also attach image files to the expense request, view time-sheets/account review and add other users to your projects.

Flexibility: If we talk about its compatibility with other business applications, then there is no doubt that it matched up to our expectations. We found it to be compatible with most of the lead generation, project management and marketing tools including Formstack, Quota Roller, Basecamp, DeskAway, MailChimp, ActiveCampaign etc.

Pricing

The 30 days trail version of FreshBooks is available free of cost, and its range of paid plans include Sprout, Seeding, Evergreen and mighty Oak. These plans can be varied on the basis of the number of clients to be managed, accessibility, team expense reporting, etc. You can also use its basic plan, which starts from $9.95/month.

 

Alternatives of Freshbooks

 

Quickbooks

Quickbooks is an accounting software better suited for double entry and developed for small businesses as well as accountants to let them organize business finances with ease. Some of its newly added features facilitate the user to simplify their accounting related tasks such as sales receipts, inventory records and tax forms etc. QuickBooks is a fairly easy to use software and one can easily learn the features as well.

 

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Xero

Xero, an accounting based software designed for small to medium sized organizations, has been under limelight in the financial market since a couple of years. It is majorly used for expense reporting, payroll management and other tasks pertaining to billing and invoicing. Xero is observed to be fully compatible with cloud and more than 180 applications related to business operation: CRM, POS and inventory management. It supports multiple currencies, and also makes your financial transactions automated, which can be customized by tweaking its rule sets, as per your business requirements.
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Zoho Books

The name has been present in the market for more than 12 years. This cloud based software supports double entry book keeping, and lets the accountants add manual adjustments for depreciation and other expenses. Supported by a multiple currency option, this software is extremely helpful for time tracking of projects that involve multiple users. You can also make use of its role based access to define the roles of your employees, which keeps data integrity issues at bay.

 

Wave

Wave is compatible with cloud, and designed to bring the amalgamation of speed and accuracy in the accounting of small/medium businesses. It is compatible with Mac, Windows and Linux, and works well with various latest browsers including IE, Firefox, Chrome, Safari, etc. One of the reasons of its popularity, is its futuristic mobile application. It has an option to view simple cash flow analysis along with a notification center to keep the user updated with all the happenings in his/her business. The software has been used by more than 1.5 million users, and has won awards too.

 

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John Laster

John Laster is a technical news junkie and Founder of TechieApps. He loves everything about digital world, technologies, social media and gadgets and has been prophetic in identifying the best ways to leverage and harness such news to drive sales growth for companies ranging from startups to huge organizations.

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