Compare FreeAgent and Dext Prepare - Nov 2022

Shlomi LaviShlomi Lavi / Nov 10, 2022

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Bottom Line: Which is Better - FreeAgent or Dext Prepare?

Dext Prepare is more expensive to implement (TCO) than FreeAgent, and Dext Prepare is rated with the same score (85/100) as FreeAgent (85/100). FreeAgent offers users more features (9) than Dext Prepare (3). There is a clear winner in this case and it is FreeAgent!

Looking for the right Core Accounting solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

FreeAgent Vs. Receipt Bank

FreeAgent: FreeAgent launched in 2007, hewn from the frustration that managing company finances was just too damn hard for most small businesses and freelancers. Since then we’ve doggedly stuck to our mantra of demystifying accounting and redefining the relationship people have with their finances.

Receipt Bank: Receipt Bank converts those annoying bits of paper - receipts and invoices - into data you, and your company, can use!Receipt Bank’s aim is to remove the burden that receipts and invoices place on small businesses. Working with bookkeepers, accountants and with small businesses directly, Receipt Bank has developed its software and service to mak...

Who is more expensive? FreeAgent or Receipt Bank?

The real total cost of ownership (TCO) of Core Accounting software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for FreeAgent and Receipt Bank.

FreeAgent price starts at $12 per month , On a scale between 1 to 10 FreeAgent is rated 2, which is much lower than the average cost of Core Accounting software. Receipt Bank price starts at $20 per 5 users/month , When comparing Receipt Bank to its competitors, the software is rated 6 - similar to the average Core Accounting software cost.

Bottom line: Receipt Bank is more expensive than FreeAgent.

Which software includes more/better features?

We've compared FreeAgent Vs. Dext Prepare based on some of the most important and required Core Accounting features.

FreeAgent: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Project-Accounting, Purchase Orders, Tax compliance, Recurring Invoices.

Receipt Bank: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

The target market of FreeAgent is Freelancers and small businesses. Customers of the software mainly come from small and medium businesses, although there is no restriction of industrial affiliation.



FreeAgent

ITQlick rating
(4.4/5)

starts at $12 per month

FreeAgent is an accounting software based on the cloud designed for micro businesses and freelancers. The software dashboard brings all finances together into one place, exports your key tax payment and invoice...

Categories: Fixed Asset Management, Recurring Billing, Billing & Invoicing, Budgeting & CPM.

Dext Prepare

ITQlick rating
(4.1/5)

starts at $20 per 5 users/month

Receipt Bank is a cloud-based accounting solution that is designed to assist in bookkeeping as well as billing and invoicing. The software solution promotes paperless bookkeeping by connecting the accountants a...

Categories: Billing & Invoicing, Compliance , Procurement.

Compare specifications

Compare features

FreeAgent: 9 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Project-Accounting
Purchase Orders
Tax compliance
Recurring Invoices
Time and Expense Tracking

Receipt Bank: 3 Features

Data Import/Export
Basic Reports
Online Customer Support
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
FreeAgent
ITQlick rating
4.4/5
Score
85/100
Pricing
2.4/10
License pricing
$12 per month
Functionality
24
Compare
Dext Pre...
ITQlick rating
4.1/5
Score
85/100
Pricing
6/10
License pricing
$20 per 5 users/month
Functionality
6
QuickBoo...
ITQlick rating
4.2/5
Score
99/100
Pricing
5/10
License pricing
$12.50 per month
Functionality
7
Wave Acc...
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Zoho Boo...
ITQlick rating
4.4/5
Score
96/100
Pricing
2.4/10
License pricing
$10 per organizer/month
Functionality
9

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.