A few years ago, I found that a lot of freelancers were using cloud accounting atlanta iconis group quickbooks online training accountant cpa consultant virtual cfoFreshbooks because it was a simple invoicing system and cheaper than the alternatives. Even though I was a lover of QuickBooks Online, I understood their decision and supported it.

But, things have changed recently and I think it’s time for Freelancers to take a second look at QuickBooks Online. We all agree it is easier to be in the cloud and we all love anytime access, but what about all the other features you need? Here is a quick comparison of some popular systems.

Freshbooks

  • 1 user for $19.95/mo
  • You get 25 invoices per month
  • Download transactions from your bank and credit card accounts
  • Time entry (for the $39.95 subscription)
  • Accept credit cards for an additional fee

Xero

  • Unlimited users for $19/mo (You are saving 95 cents!)
  • You get 5 invoices and 5 bills per month
  • Download transactions from your bank and credit card accounts
  • Time entry? I actually couldn’t find info on this
  • Credit cards? Not sure either – but I’m sure they have an option

QuickBooks Online Simple Start

  • 1 User for $12.95/mo (Hello?!) and you can have 2 accountant users added to this
  • Unlimited invoices
  • Download transactions from your bank and credit card accounts
  • Time entry (if you upgrade to the $26.95 version – Essentials)
  • Credit cards for an additional fee
  • And a bonus! You can sign up to receive ACH deposits from clients for just $0.50 per payment.

So, do you think Freshbooks is still the best option out there? If you’ve been around the block for a while or growing, it might be time to upgrade to an actual accounting system, like QuickBooks Online. (Remember, Freshbooks does the invoicing and expenses, but isn’t a true accounting system which some businesses really need.)

Ready to get going? I’ll be honest, it can be confusing to setup a more sophisticated accounting system like QuickBooks Online. There are far more options, which can be daunting. Don’t feel bad if you need to reach out for help. We try to make it approachable. You can sign-up for a live training to get your account setup or request that we do it for you.

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