Xero is arguably the most popular online accounting software company, especially among new business ventures and entrepreneurs. However, there are a number of alternatives available if you’re looking for something a little different, but with the same level of quality you’d expect from titans like Xero.
Today, we’ll look at a couple of our recommended alternatives to Xero. We’ll talk a little about each company, mention some of their most unique features, and let you know how much it costs. So without further adieu, let’s get started!
Starting off our countdown, we have another titan within the industry. FreshBooks has been in the business for just under 15 years, and has made a name for itself by providing modern, intuitive software, similar to Xero. They share many of the same features, as do plenty of others in the industry. But with these features, they’ve added their own improvements, including:
In addition to having a number of impressive features, their pricing is pretty cost effective for most small businesses and startups. Their packages start at around $15 a month and can range from there to about $50, depending on the number of active clients you would list.
Moving on to our number two, QuickBooks offers decades of experience in online accounting software. QuickBooks, and their parent company, Intuit have over 30 years of experience handling corporate finances, so you can feel confident in their capabilities. Some of our favorite tricks and tools that they’ve included are:
Unlike FreshBooks, QuickBooks sorts their packaging by features instead of number of active clients, so you will end up paying more for more features. Their packages range from $10-$50 a month, but there are some discounts available. When you sign up, you can choose between two discount offers: a 30 day free trial or 50% off your monthly fees for the first six months.
Rounding out our countdown, we’ve got a rather interesting new company. Wave is one of the only accounting software platforms that has done away with monthly fees and offers their base software completely free. Now, there are some things that cost a penny or two, but it’s quite a bit different from how the Xero, FreshBooks and QuickBooks have handled pricing.
You can try out Wave’s base software for as long as you like without receiving any subscription or monthly fees. If you find yourself wanting to incorporate things like credit card processing and payroll, you’ll start to receive a few separate charges.
Credit card processing is 2.3% + 30 cents for every transaction, and payroll includes a base fee of $15 plus $2-4 per additional employee, so what you end up paying each month can vary quite a bit.
In all honesty, I think every single company on this list has some fantastic features and tools available for busy entrepreneurs. But, FreshBooks in this context still remains a personal favorite.
If you’d like to learn more about what FreshBooks can do for you, click the link below to try it free. Cheers!