1) Collaboration: Both companies allow for multiple users to interact with their platform.
2) Resources: Both offer a number of outside resources to keep growing your business.
3) Third-party integration: Incorporate many different widgets/apps like Stripe or Square!
4) Time Tracking: Easily monitor and record billable hours to get paid faster.
5) Customizable Invoices: Change up your invoices to reflect your brand, then easily send them off via email.
6) Bank Reconciliation Tool: Import and automatically keep track of all accounts.
7) Reports: Both companies help you keep an eye on the growth of your business with more than 8 different reports including balance sheets, expenses and more.
8) Cloud-Based: Access either from anywhere on any device with an internet connection.
9) Mobile Apps: QuickBooks and LessAccounting have developed mobile apps so you can stay on top of your business on the go.
All that being said, they are at times on opposite sides of the spectrum when it comes to common accounting features. Some of those differing features include:
- LessAccounting is designed with a different approach than most accounting software. They’re a QuickBooks or online independent bookkeeping tool alternative. Because of this, they focus on personalized support way more than any of their competitors.
- They have a number of templates that let you personalize your business proposals.
- Unlike QuickBooks, LessAccounting offers a mileage tool in a number of their packages which help you to keep track of time spent in transit.
- Their personalization and customization capabilities are significantly larger than QuickBooks.
- They’ve been around for 30 years, so you can feel confident in their industry expertise.
- QuickBooks is considerably more affordable. Their Freelancers and Basic packages start at $5, while LessAccounting’s Introductory package starts at $70/mo.
- QuickBooks offers starter-deals like a 30-day free trial, which LessAccounting doesn’t.
- They offer multi-currency and multi-language features, which LessAccounting hasn’t added into their packages yet.
Looking at packaging, QuickBooks and LessAccounting follow the basic tiered-subscription structure, but the specifics vary quite a bit. Here’s a quick look at their packages and what you can expect to pay for each:
Note: LessAccounting is considerably more expensive, for every package. But there’s a reason for that - QuickBooks operates mostly as software only, with minor support from the company itself. LessAccounting, on the other hand, is for those who want something more involved.You end up paying for the common features like invoices, expenses, reports, along with more hands-on additions like one-on-one Skype calls about bookkeeping, connections to CPA’s and more. Additionally, some distinctions to keep in mind are:
- QuickBooks charges based on number of features, so how much you pay every month is based on the solutions you and your business use.
- LessAccounting charges based on projected monthly income/expenses. For example, their Tiny package is ideal for businesses/freelancers whose expenses are under $2,000.
- QuickBooks offers a 50% off discount for the first 6 months (as seen above), after-which the prices jump back up and start at around $10/mo.
The truest way to get a sense of how actual customers feel about these two services is to ask them. So, we’ve hunted down all of the customer reviews we could find and brought back the juiciest tidbits. Below are a number of reviews to give you an idea of how members felt about their experience.
LessAccountingLessAccounting promotes itself as an alternative to QuickBooks, especially for those who have difficulty with complex software. There are some great videos on their websites from individuals who have switched and enjoyed their experience.
Unfortunately though, we couldn’t locate any reviews that demonstrated these same findings. Sometimes in this industry, there are companies that have been in the game for years, that don’t have more than a few reviews out there.
What we can tell you is that they do have a great reputation for offering excellent customer service and a personalized approach to Online Accounting.
QuickBooksQuickBooks on the other hand, is one of the titans in this industry. Over the decades, they’ve collected over 280 reviews on TrustRadius (TR) alone, earning them an impressive 7.5 out of 10.
We’ve included their rating, as well as a summary of some of the key features users have weighed in on. As you can see, they’ve had issues in the past with implementation and availability. But, users were extremely likely to renew and loved the support, usability and software performance.
LessAccounting and QuickBooks offer two different types of accounting services, so we strongly recommend you evaluate your needs before deciding.
Overall, we’d recommend QuickBooks because you can use it to effectively manage books on your own and get tons of support. If you’d like to learn more about their offerings, click the link below to see of yourself. Cheers!