Shlomi 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.