Compare FreshBooks and Stripe - Aug 2022

Shlomi LaviShlomi 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.



FreshBooks

ITQlick rating
(4.5/5)

starts at $6 per month

FreshBooks is built for small business owners to get organized and get paid. You'll spend less time billing, and more time getting down to business.FreshBooks is simple and intuitive, so accounting isn't intim...

Categories: Accounting & Finance, Recurring Billing, Billing & Invoicing, Core Accounting.

Stripe

ITQlick rating
(4.7/5)

starts at $500 per license

Stripe is a payment processing and business analytics solution for businesses of all sizes. It also offers various development options for the implementation of online payments. The software was designe...

Categories: Payment Processing, Recurring invoicing, Software update, Retail & POS, Bakery POS.

Compare specifications

Compare features

FreshBooks: 12 Features

Mobile Access
Accounts Payable
Accounts Receivable
Balance Sheet
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Depreciation
Multi-Currency
Payment Management
Time and Expense Tracking
Time Tracking

Stripe: 4 Features

Basic Reports
Data Import/Export
Online Customer Support
Multiple Payment Forms
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
FreshBooks
ITQlick rating
4.5/5
Score
95/100
Pricing
2/10
License pricing
$6 per month
Functionality
28
Compare
Stripe
ITQlick rating
4.7/5
Score
91/100
Pricing
4/10
License pricing
$500 per license
Functionality
12
Review
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.