FreshBooks - Top 4 Alternatives (Mar 2022)

FreshBooks Review
ITQlick Score: 95/100
ITQlick Rating: (4.5/5)
Pricing: 2/10 - low cost
Category: Core Accounting -> FreshBooks -> FreshBooks competitors
Ranking:Ranked 4 out of 137 Core Accounting systems
Company: FRESHBOOKS
Pricing: starts at $6 per month
Typical customers: SMBs
Platforms: Desktop, Mobile, Cloud
Links: FreshBooks review, FreshBooks alternatives
Shlomi LaviShlomi Lavi / updated: Mar 09, 2022

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn more by reading our advertiser disclosure.

Freshbooks competes with other core accounting softwares like Netsuite, Wave Accounting, Zoho Books, and Sage Intacct. We will compare them in specific aspects below;
  • Functionality: Freshbooks offers features such as Bank Reconciliation, Billing and Invoicing, Expense Tracking, Payroll Management, Project Accounting, and Tax Management. All its closest alternatives such as Sage Intacct, Netsuite, and Wave Accounting provide all available features in Freshbooks with the addition of CPA Firms, Fixed Asset Management, Purchase Order management, etc. Zoho Books provides all the features in Freshbooks except CPA Firms, Fixed Asset Management, Fund Accounting, and Payroll Management.
  • Customers/Industries: Freshbooks target accountants and business owners who are freelancers and self-employed professionals. The software also targets businesses with contractors and employees. In terms of customer base, over 24 million people have used Freshbooks worldwide. Netsuite targets industries in advertising and digital marketing agencies, consulting, education, energy, media and publishing, manufacturing, etc. Netsuite has been used by more than 27,000 customers such as the Second City, Quicken INC., and Land OLakes. Wave accounting targets owners of small businesses and solo entrepreneurs. Zoho Books targets freelancing accountants. Zoho Books is powering thousands of businesses such as Optimized Sense LTD, Instant Data Center, and Empire Aviation Group. Sage Intacct targets industries in manufacturing, wholesale distribution, professional services, chemicals, etc.
  • Cost: ITQlick expert cost-rated FreshBooks 1/5 (where 1 is low-cost and 5 is high-cost), meaning that it is low-cost when compared to its closest alternatives. Freshbooks starts at $6 per month and $108 per year. Freshbooks comes with a free trial. Zoho Books start at $2,700 per organization/month and $27,000 per organization/year. The pricing information for Sage Intacct and Wave Accounting is unavailable.
  • Cloud-based/On-premise: All the accounting systems mentioned in this review are cloud-based.
  • Popularity: Freshbooks has been in operation since 2004 with over 24 million businesses. Netsuite is under the parent company Oracle is a publicly-traded company (NYSE: ORCL) operating since 1977 with 18,000+ customers. Wave Accounting has been in operation since 2009, and Zoho Books since 1996. Freshbooks is more popular than the other alternatives.
  • Scalability: Freshbooks can accommodate small businesses owners and self-employed professionals. Netsuite can accommodate small, mid-sized, and rapid growth businesses. Zoho Books can accommodate small to medium-sized enterprises.
  • Support: Freshbooks and Zoho books provides customer support features such as Email/Help Desk, FAQs/Forum, Phone Support, Knowledge Base and Chat. Freshbooks and Zoho books do not provide the 24/7 live representative feature. Sage Intacct and Netsuite provide all the customer support features needed for customer satisfaction. Wave Accounting lacks customer features such as Phone Support and 24/7 Live representative.

FreshBooks alternatives - for low budget, SMBs and global businesses

Here are the top 4 alternatives to FreshBooks that are worth checking out: QuickBooks Online Plus for SMBs, Multiview for large size business, Zoho Books for growing companies, and Adminsoft Accounts for startups and SMBs.

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing pricing Score is a 1 to 10 score, 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
Review
Compare
FreshBooks
ITQlick rating
4.5/5
Score
95/100
Pricing
2/10
License pricing
$6 per month
Functionality
28
Best for SMBs
QuickBoo...
ITQlick rating
4.2/5
Score
99/100
Pricing
5/10
License pricing
$12.50 per month
Functionality
7
Best for Enterprise
Multivie...
ITQlick rating
4.6/5
Score
93/100
Pricing
3.8/10
License pricing
$150 per user/year
Functionality
53
Growing
Zoho Boo...
ITQlick rating
4.4/5
Score
96/100
Pricing
2.4/10
License pricing
$10 per organizer/month
Functionality
9
Free version
Adminsof...
ITQlick rating
4.4/5
Score
92/100
Pricing
6.8/10
License pricing
$259 per license
Functionality
13

Author

Shlomi Lavi

Website Linkedin Facebook Twitter

Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.