Compare FreshBooks and Expensify - Aug 2022

Shlomi Lavi

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Bottom Line: Which is Better - FreshBooks or Expensify?

Expensify is more expensive to implement (TCO) than FreshBooks, and FreshBooks is rated higher (95/100) than Expensify (86/100). FreshBooks offers users more features (12) than Expensify (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. Expensify

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...

Expensify: Expensify does "expense reports that don't suck!" by importing expenses and receipts from credit cards and mobile phones, submitting expense reports through email, and reimbursing everything online with QuickBooks and Direct Deposit.

Who is more expensive? FreshBooks or Expensify?

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 Expensify.

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. Expensify price starts at $5 per user/month , When comparing Expensify to its competitors, the software is rated 2 - much lower than the average Core Accounting software cost.

Bottom line: FreshBooks cost is around the same cost of Expensify.

Which software includes more/better features?

We've compared FreshBooks Vs. Expensify 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.

Expensify: 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. Customers of the software include businesses of all sizes and types.