When it comes to bookkeeping and accounting, small business owners have a lot of options. Two of the most popular accounting software platforms are QuickBooks and FreeAgent. Both have their pros and cons, and in this article, we'll take an in-depth look at both to help you decide which is the best fit for your business.
What is QuickBooks?
QuickBooks is a bookkeeping and accounting software created by Intuit. It's one of the most popular accounting software platforms on the market, and it's used by small businesses all over the world. QuickBooks can be used to track income and expenses, create invoices and estimates, track inventory, manage bills and payments, and more.
What is FreeAgent?
FreeAgent is another popular bookkeeping and accounting software platform. It was created with small businesses in mind, and it's designed to be easy to use. FreeAgent can be used to track income and expenses, create invoices and estimates, track time and projects, and more.
QuickBooks vs FreeAgent: Features
Income and Expenses
Both QuickBooks and FreeAgent can be used to track income and expenses. With QuickBooks, you can create and send invoices, and you can also track sales and receipts. QuickBooks can also track mileage and business expenses. FreeAgent also allows you to create and send invoices, and it can track sales and receipts. FreeAgent also has a mileage tracker, but it doesn't track business expenses.
Invoicing and Estimates
QuickBooks and FreeAgent can both be used to create invoices and estimates. With QuickBooks, you can create invoices and estimates from scratch or you can use one of the many templates that are available. QuickBooks also allows you to schedule recurring invoices. FreeAgent also allows you to create invoices and estimates from scratch or you can use one of the many templates that are available. FreeAgent also has a feature that allows you to create a proposal from an estimate.
Tracking Time and Projects
QuickBooks has a time tracker, but it's not as robust as the one offered by FreeAgent. QuickBooks' time tracker can be used to track time spent on projects, but it doesn't have features like invoicing or tracking billable hours. FreeAgent's time tracker is more robust. It can be used to track time spent on projects, track billable hours, and create invoices.
Tracking Inventory
QuickBooks has a feature that allows you to track inventory, but it's not as robust as the one offered by FreeAgent. With QuickBooks, you can track inventory levels, but you can't set reorder points or track inventory values. FreeAgent's inventory tracker is more robust. It allows you to track inventory levels, set reorder points, and track inventory values.
Managing Bills and Payments
QuickBooks has a feature that allows you to manage bills and payments, but it's not as robust as the one offered by FreeAgent. With QuickBooks, you can track bills and payments, but you can't create recurring payments or track vendor balances. FreeAgent's bill management feature is more robust. It allows you to track bills and payments, create recurring payments, and track vendor balances.
QuickBooks vs FreeAgent: Pros and Cons
QuickBooks Pros
- QuickBooks is a popular bookkeeping and accounting software platform.
- QuickBooks can be used to track income and expenses, create invoices and estimates, track inventory, manage bills and payments, and more.
- QuickBooks has a time tracker, but it's not as robust as the one offered by FreeAgent.
- QuickBooks has a feature that allows you to track inventory, but it's not as robust as the one offered by FreeAgent.
QuickBooks Cons
- QuickBooks is a popular bookkeeping and accounting software platform.
- QuickBooks can be used to track income and expenses, create invoices and estimates, track inventory, manage bills and payments, and more.
- QuickBooks has a time tracker, but it's not as robust as the one offered by FreeAgent.
- QuickBooks has a feature that allows you to track inventory, but it's not as robust as the one offered by FreeAgent.
FreeAgent Pros
- FreeAgent is a popular bookkeeping and accounting software platform.
- FreeAgent can be used to track income and expenses, create invoices and estimates, track time and projects, and more.
- FreeAgent has a time tracker, but it's not as robust as the one offered by QuickBooks.
- FreeAgent has a feature that allows you to track inventory, but it's not as robust as the one offered by QuickBooks.
FreeAgent Cons
- FreeAgent is a popular bookkeeping and accounting software platform.
- FreeAgent can be used to track income and expenses, create invoices and estimates, track time and projects, and more.
- FreeAgent has a time tracker, but it's not as robust as the one offered by QuickBooks.
- FreeAgent has a feature that allows you to track inventory, but it's not as robust as the one offered by QuickBooks.
QuickBooks vs FreeAgent: Pricing
QuickBooks and FreeAgent both have a variety of pricing options. QuickBooks' pricing starts at $9.99 per month, and FreeAgent's pricing starts at $12 per month.
QuickBooks vs FreeAgent: Which is the Best Fit for Your Business?
QuickBooks and FreeAgent are both popular bookkeeping and accounting software platforms. They both have their pros and cons, and the best fit for your business will depend on your specific needs. If you need a time tracker, QuickBooks is a good option. If you need an inventory tracker, FreeAgent is a good option. If you need a robust bill management system, FreeAgent is a good option. Ultimately, the best way to decide which platform is right for your business is to try both and see which one you prefer.