Compare FreshBooks and e-conomic - Aug 2022

Shlomi Lavi

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Bottom Line: Which is Better - FreshBooks or e-conomic?

e-conomic is more expensive to implement (TCO) than FreshBooks, and FreshBooks is rated higher (95/100) than e-conomic (62/100). FreshBooks offers users more features (12) than e-conomic (3). There is a clear winner in this case and it is FreshBooks!

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:

FRESHBOOKS Vs. e-conomic

FRESHBOOKS: FreshBooks is the #1 cloud accounting specialist for small business owners.If you are a service-based business, FreshBooks is designed for you. If you are a lawyer, a marketing agency, a plumber, an interior decorator, an IT professional, a therapist, an architect, a web professional – if you create value for your customers by applying your time an...

e-conomic: e-conomic is the leading provider of online accounting in Europe. The system e system is easy to use and flexible and you can give your acountant free access.e-conomic - with a lower case e - is the name of the accounting software as well as the company behind it. The company began in Denmark in 2001, and since then, we have opened offices in No...

Who is more expensive? FreshBooks or e-conomic?

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 FreshBooks and e-conomic.

FreshBooks price starts at $6 per month , On a scale between 1 to 10 FreshBooks is rated 2, which is much lower than the average cost of Core Accounting software. e-conomic price starts at $33 per feature/month , When comparing e-conomic to its competitors, the software is rated 6 - similar to the average Core Accounting software cost.

Bottom line: e-conomic is more expensive than FreshBooks.

Which software includes more/better features?

We've compared FreshBooks Vs. e-conomic based on some of the most important and required Core Accounting features.

FreshBooks: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Mobile Access, Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Depreciation.

e-conomic: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

From day one, FreshBooks was intended for Freelancers and small businesses who just do not want to waste their time using Excel or Microsoft Word when invoicing their client. and e-conomic's target customer size include: SMBs.