Shlomi Lavi /
Aug 23, 2022
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Bottom Line: Which is Better - FreshBooks or Stripe?
Stripe is more expensive to implement (TCO) than FreshBooks, and FreshBooks is rated higher (95/100) than Stripe (91/100). FreshBooks offers users more features (12) than Stripe (4). 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. Stripe
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...
Stripe: Stripe is a simple, developer-friendly way to accept payments online. We believe that enabling transactions on the web is a problem rooted in code, not finance, and we want to help put more websites in business.
Complexity and opacity have traditionally been hallmarks of online payment processing. We want to fix that.
Who is more expensive? FreshBooks or Stripe?
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 Stripe.
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. Stripe price starts at $500 per license , When comparing Stripe to its competitors, the software is rated 4 - lower than the average Core Accounting software cost.
Bottom line: Stripe is more expensive than FreshBooks.
Which software includes more/better features?
We've compared FreshBooks Vs. Stripe 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.
Stripe: Basic Reports, Data Import/Export, Online Customer Support, Multiple Payment Forms.
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 without any distinction of industry.