Monday, March 4, 2013

QuickBooks Alternatives: On-Premise and Cloud Accounting Solutions

Michael Tauscher for Business-Software.com writes: One of the most common questions we see on our community forum is, “What options do I have for accounting beyond QuickBooks?” While Intuit has certainly come to dominate both the personal and business accounting market, there has nonetheless been a simultaneous explosion in the number of online and offline alternatives to the monolithic bully that is their flagship product. Of course, the difficulty in answering such a question is determining who the asker is and for what purpose they are seeking another accounting system. For those who prefer an on-premise (i.e. offline-accessible) accounting solution, the competition’s numbers are dwindling but a few steadfast companies along with some open source developers are refusing to crack under QuickBooks’ pressure, and are delivering powerful products as a result.  As for the rest of us, the market for online accounting systems is a wide world of idiosyncratic features, integrated services, and personal preference. In fact, we already covered some of our favorite online accounting solutions for SMBs and have still just begun to scratch the surface. Thus, with brevity in mind, here is a selection of the best alternatives to QuickBooks available in today’s marketplace.

Online Alternatives

FreshBooks

The appeal of FreshBooks is its compatibility across all devices and platforms so your accounts will never be further than a tap away. Its suite of features includes invoicing, expense and time tracking, report generation, and automatic summaries for tax purposes. For more information on FreshBooks, check out our FreshBooks Review here, or our interview with Chief Marketing Officer Stuart MacDonald.

inDinero

Y Combinator and 500 Startups-backed inDinero offers a standalone solution to bookkeeping, tax preparation, payroll and benefits management. While it seems liketheir customer service may leave something to be desired, if you can pony up the $349 monthly fee inDinero offers a compliant and optimized accounting system for any business.

Intacct

Intacct touts itself as the solution for businesses that require more than what QuickBooks provides. Their pay-as-you-go model means that if you’re looking for a tool to remedy a specific pain point you won’t end up paying for a suite of accompanying features that you don’t need.

LessAccounting

As the only system specifically designed for accountant/customer collaboration, LessAccounting makes it easy for a CPA to view all of their clients’ books using a single login and dashboard. On the client side, small business owners can manage their bookkeeping and invoices, set up recurring transfers and reminders, and file taxes. Learn more about LessAccounting in our interview with co-founder Allan Branch.

Outright

Outright is the solution for small business owners who are simply in over their heads. If you have multiple accounts spread across banks and businesses, Outright will consolidate all of your bookkeeping to give you unparalleled oversight of your cash flow. Their base service is free, and for an additional $9.95/month you can add automatic quarterly and annual reports plus sales tax tracking.

Wave Accounting

If Wave had to be described in one phrase it would probably be: “All automated everything”. Wave automatically imports your data, updates it, generates reports based on it, and then pays your bills and your employees without needing to be told. If control is your thing, Wave might not be for you; but if you’re looking to manage a relatively simple business ledger with minimal time expenditure, meet the perfect free-for-life solution.

Xero

One of the most popular online QuickBooks alternatives, Xero offers a rock-solid platform presented in an intuitive interface. All of the necessary accounting functions are addressed including general ledger management, import and export of financial data, invoicing, reporting, bill pay, and tax filing. Xero’s greatest strength, however, is its extensive add-on library which allows for easy integration with payment gateways like PayPal, CRMs like Salesforce, and time management software like Harvest. Read our interview with President of US Operations Jamie Sutherland to learn what Xero sees as its greatest strength compared to QuickBooks.

Yendo


Yendo is an excellent choice for small businesses that need a functional accounting solution at a reasonable monthly price. For $9/month Yendo will handle all of your basic accounting needs and can be upgraded to accommodate five users for only $26/month.

On-Premise Alternatives

AccountEdge Pro

If you were wondering where MYOB went, look no further than AccountEdge Pro. Offering many of the same services as QuickBooks at a significantly lower price point, AccountEdge Pro gives you invoice templates, account import and management, customer and time tracking, multi user access, inventory management, and payroll processing starting at $299 for a single user.

GnuCash

If you’re a fan of open source software or are looking for no-frills accounting software that’s cheap as free, GnuCash is right up your alley. GnuCash provides true double entry accounting with no limit to the number of accounts managed and an array of useful features like transaction scheduling, report generation, customer and vendor tracking, invoicing and bill pay, and tax preparation all on the operating system of your choice.

Manager

Manager, another free alternative to costly desktop options, is aimed at the SMB owner who wants to manage his/her own accounting but doesn’t have much experience with the more technical aspects of bookkeeping. By exchanging accounting terms for plain language, anyone can easily manage their own money in, money out, sales and purchase invoices, chart of accounts, and journal entries. Manager also automatically generates balance sheets, profit and loss statements, tax summaries, and general ledger summaries.

Sage 50

Formerly Peachtree, Sage 50 is essentially the same product with a new label to bolster Sage’s brand recognition. Sage 50 is a one-to-one replacement for QuickBooks when it comes to managing accounts, payments, collections, and customized reporting with added features for tracking inventory, planning purchases, and expanding service offerings. If the $369 price scares you, Sage also offers a cloud version of its software called Sage One for $39/month.

xTuple PostBooks

Much more than just an accounting system, xTuple’s PostBooks is an all-in-one solution to every organizational need your business might have. The accounting portion of the program includes general ledger, accounts receivable and payable, bank reconciliation, and financial reporting all backed by fully integrated CRM and inventory management tools. As with the other open source solutions, PostBooks is available for all operating systems.

18 comments:

  1. Here are two great Australian cloud accounting software products that should probably be added to your list - Saasu and Gem Accounts.

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
    2. Slickpie so much better than Quickbooks. I like http://Slickpie.com and it's great for my small business and for invoices. It's simple and well designed. I can send invoices automatically anywhere and anytime, repeating invoices are easy to set up with it. Highly recommend it.

      Delete
  2. Uhlenbrock CPA is one of the leading CPA firm in San Antonio providing the best tax preparation Services in San Antonio. Profit Maximization of client is always our main motive if you want to get free quote then just Call @ (210) 701-1040

    ReplyDelete
    Replies
    1. Slickpie(http://www.slickpie.com) is an amazing free online accounting software, especially for small businesses and freelancers. I have been using it for quite a few months. When things don't work, the support is amazing at helping me find a solution to make it work.

      Delete
  3. We additionally offer the easiest rental expertise thanks to our friendly
    staff that can never strain you to make a fast buck for our company.
    Sometimes, organizations can have their dumpster emptied each week.


    System Mechanic 15 Crack

    ReplyDelete
    Replies
    1. I run a consulting business and have always struggled with invoicing, accounting, tax form, etc. I signed up for Slickpie(www.slickpie.com) and quickly found that it solved all of my needs. It links with my bank accounts and credit cards, gives me professional invoicing and tracks all of my taxes.

      Delete
  4. We additionally offer the easiest rental expertise thanks to our friendly
    staff that can never strain you to make a fast buck for our company.
    Sometimes, organizations can have their dumpster emptied each week.


    Corel Video Studio X8.5 Keygen

    ReplyDelete
  5. This website truly has all of the info I wanted concerning
    this subject and didn’t know who to ask.
    Microsoft Toolkit 2.5.2 Activator

    ReplyDelete
  6. Hi..Nice blog and nice posts keep it up

    QuickBooks Cloud Support
    http://www.sapiencecloud.com/quickbooks-cloud-hosting.php

    ReplyDelete
  7. Hiện tượng bóng đè làm cho bạn mất ngủ. Vậy làm sao để thoát được bóng đè. Khi bạn trúng số, nhiều người cho rằng vé số xui rủi. Vậy trúng số nên làm điều gì. Khi chim bay vào nhà sẽ báo hiệu một điều gì đó. Vậy chim bay vào nhà báo điềm gì. CÁc hóa giải vận đen cho nhiều bạn đọc rất haycách hóa giải vận đen
    Trong hòa âm ánh sáng đợt này dj tít là ai. Cô có một làn da trắng hồng, nghe bảo được dưỡng bằng lòng trắng trứng tác dụng của lòng trắng trứng gà. Có lẽ bạn chứa biết tác dụng của bột bình tinhrocket 1h là gì. bạn đang có dự định mua xe máy vậy dưới 40 triệu nên mua xe gì. Nhiều bạn trẻ thắc mắc có nên mặc quần lót ở nhà không. Phù thủy âm nhạc DJ Gin là ai
    Dj SlimV là ai so sánh những lợi ích của vo xe không ruột vỏ xe không ruột có tốt không

    ReplyDelete
  8. Very fantastic blog !
    Sapience Cloud
    Cloud Comupting Expert
    for Quickbook Hosting +1-855-632-5500
    URL http://www.sapiencecloud.com/quickbooks-hosting.php

    ReplyDelete
  9. All these are great accounting softwares but, there are solid reasons why quickbooks software rules above all. It is really easy to use and implementable to various businesses.

    Check This out: How Quickbooks Accounting Services Help To Build Better Business?

    ReplyDelete
  10. For many days I have been looking for a software that had all the functionality I needed. One day with my friend playing football game online. I saw slickpie(www.slickpie.com) ad and I decided to try it. After a 7 months, I can honestly say that it is the soul of my business. It's 100% free accounting software. It saves me so much time and stress.

    ReplyDelete
  11. That is great information so keep sharing your information and I would like tot hanks for useful information.

    Online ERP Demo brings the real feel | ERP Software for Manufacturing Business

    ReplyDelete
  12. There are many other accounting software in market. You can find the other quickbooks alternatives here.

    ReplyDelete