Zoho Books - Top Competitors (Mar 2022)

Shlomi Lavi / updated: Mar 08, 2022

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Zoho Books vs. Alternatives in 2023

Zoho Books has many competitors in the accounting software industry. Some of its closest competitors are FreshBooks, Wave Accounting, and Xero. Below, we will compare these systems in some specific aspects:

• Functionality: Zoho Books has many features, and some of them are Manage Invoices (Up to 1,000 per annum), Client Portal, Online/Offline Payments, Automate Payment Reminders, Multi-lingual Invoicing, Credit Notes, Recurring Invoices, Expenses & Mileage Tracking, Add Multiple Bank and Credit Card Accounts, Import Bank and Credit Card Statements, Bank Rules & Reconciliation, Chart of Accounts & Sub-accounts, etc. Compared to its alternatives, FreshBooks lacks the Multi-lingual Invoicing feature available in Zoho Books, Xero and Wave Accounting lacks the Project Profitability feature available in Zoho Books.
• Cost: ZohoBooks has a license price starting from $10 per Organization per month, and compared to its alternatives, Wave Accounting has a license price starting at $20 monthly base fee, Xero has a license price starting from $12 per month, and FreshBooks has a license price starting at $4.50 per month per 5 billable clients.
• Customers/Industries: Zoho targets a vast number of industries, and here they are: Machinery, Electrical/Electronic Manufacturing, Information Technology and Services, Legal, Real Estate & Construction, Education, Marketing and Advertising, Retail, Architecture & Planning, Law Practice, Food & Beverages, Internet, CA, Printing, Industrial Automation, Maritime, Web Development, Computer Software, Telecommunication, Accounting, Mechanical Or Industrial Engineering, Financial Services, Hospital & Health Care, Wholesale, Business development, Wedding Planner & Décor, Transportation and Logistics, Outsourcing/Offshoring, Manufacturing, Services, Professional Services (Non IT), and NGOs. Compared to its alternatives, FreshBooks targets Freelancers, Self-Employed Professionals, Businesses With Contractors, and Businesses With Employees. Xero targets small businesses, accountants, and bookkeepers.
• Cloud/On-premise: Zoho Books and its close alternatives are all cloud-based business accounting systems.
• Scalability: Zoho Books is designed for small and large businesses and projects. Compared to its close alternatives, Xero is designed only for small businesses, accountants, and bookkeepers.
• Support: In terms of support channels offered, Zoho Books and FreshBooks offer Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, and Chat, but do not offer 24/7 (Live Rep). Xero offers all support channels with Zoho Books (including 24/7 (Live rep) but no phone support. Wave Accounting provides all support channels as Zoho Books but does not offer Phone and 24/7 (Live Rep) support.