In today’s competitive business environment, effective financial management is crucial for success. With numerous accounting software options available, choosing the right one can be overwhelming.
Two popular contenders in the accounting software market are QuickBooks Enterprise and FreshBooks. Both tools offer powerful features tailored to different types of businesses.
Let’s explore the key differences between QuickBooks Enterprise and FreshBooks, helping you decide which one might be the best fit for your business.
Overview of QuickBooks and FreshBooks
QuickBooks Enterprise
QB Enterprise is Intuit’s premium ERP solution that offers industry-specific solutions for industries, such as retail, manufacturing, nonprofit, and construction. With advanced features to manage inventory, sales order tracking, warehouse, vendors, and customers, it is an all-in-one business solution.
QuickBooks Enterprise is a desktop software that can be installed on a local system or server. It offers a maximum of 40 users with a multi-user mode, where all active users can access the company file simultaneously.
FreshBooks
FreshBooks is a cloud accounting solution that allows professionals to access the accounting process from their personal devices. Launched in 2003, it is designed primarily for freelancers, small businesses, and startups.
FreshBooks can be used to accomplish critical accounting tasks, such as invoicing, expense management, time tracking, financial reporting, and more. Known for its easy-to-use interface, FreshBooks can be used easily by professionals not from an accounting background.
Comparison: QuickBooks vs. FreshBooks
Pricing Plans
QuickBooks Enterprise
QuickBooks Enterprise offers four pricing plans. Intuit also gives customers the option to get a customized quote. The pricing plans are:
- Silver – $114/user/month
- Gold – $155/user/month
- Platinum – $185/user/month
- Diamond – $311/user/month
At Ace Cloud Hosting we offer genuine QuickBooks Enterprise licenses at the best prices.
FreshBooks
FreshBooks offers the following pricing plans.
- Lite – $7.60/month
- Plus – $13.20/month
- Premium – $24/month
- Select – Quote based
QuickBooks Enterprise is more expensive than FreshBooks in terms of pricing. However, if you compare the pricing with the included features, QuickBooks Enterprise offers a more comprehensive solution than FreshBooks.
Features Comparison
Let’s check out some features that differentiate between QuickBooks Enterprise and FreshBooks.
User Interface and Ease of Use
FreshBooks has a simple user interface that is easy to use not only for accountants but also for novices using accounting solutions for the first time. You can see everything on a single screen, making it one of the most convenient solutions in the market.
QuickBooks has a more complex dashboard than FreshBooks. However, considering the plethora of features and business functions included, QuickBooks Enterprise offers easy navigation between business functions.
Time Tracking
FreshBooks offers a reliable time-tracking feature to monitor the time spent by you or your employees on specific tasks. Being a cloud solution, employees can easily punch in time from any remote location.
Intuit offers a dedicated solution, QuickBooks Time, which must be integrated with QuickBooks Desktop at additional charges.
Reporting
FreshBooks offers a unified dashboard to view all the reports in one place. However, the reports are basic accounting reports, such as Profit and Loss, Invoice, Expense, and Mobile Mileage Tracking.
In comparison, QuickBooks Enterprise offers more comprehensive reports, giving you deep insights into the business process. With the Advanced Reporting feature, you can customize the reports to suit your business needs. Moreover, professionals from different departments, be it accounting or sales, can create new reports (either by integrating two reports or from scratch).
Inventory Management
FreshBooks offers basic inventory management features as it is designed for the service industry. Therefore, if you want to keep track of your goods, you will have to integrate FreshBooks with software solutions, such as shipping, CRM, and ERP.
QuickBooks Enterprise, on the other hand, offers a comprehensive inventory management platform for diverse industries. It enables you to track inventory from multiple bin and warehouse locations. You can set price limits, track expiration dates, and optimize picking, packing, and shipping through barcode scanning.
Customer Reviews and Industry Opinions
Customer reviews help you evaluate between QuickBooks and FreshBooks based on past experiences. Let’s see some ratings from the leading platforms.
| G2 | GetApp | Gartner |
|---|---|---|
| QuickBooks Desktop Enterprise – 4.2/5 | QuickBooks Desktop Enterprise – 4.5/5 | QuickBooks – 4.2/5 |
| FreshBooks – 4.5/5 | FreshBooks – 4.5/5 | FreshBooks – 4.3/5 |
Pros and Cons
QuickBooks
| Pros | Cons |
|---|---|
| QuickBooks Enterprise lets you add over one million customers, vendors, and employees. | QuickBooks is a desktop software and it needs to be installed on a local system. Therefore, it poses certain limitations like remote access. |
| In QB Enterprise, you can create automated workflows for inventory management, pricing, accounts receivables, and account payables. | If you looking for a basic accounting solution only, QuickBooks Enterprise can be expensive for you. |
FreshBooks
| Pros | Cons |
|---|---|
| FreshBooks is a cloud solution that can be accessed from any location at any time. To log in, you must open Freshbooks.com and enter your ID and password. | FreshBooks offers an easy-to-use invoicing platform to create and track invoices. You can also send payment reminders and get paid in multiple ways. |
| FreshBooks limits the number of clients you can add to the basic plans. For the Lite and the Plus plans, you can send invoices to only 5 and 50 clients, respectively. However, there is no limit on the Premium plan. | FreshBooks offers invoice customization. However, it lacks customization in workflows and reporting. |
QuickBooks vs. FreshBooks: Which is Best for Your Business?
QuickBooks and FreshBooks are both efficient accounting solutions in their own right. However, choosing between the two depends on what purpose you are trying to serve.
If you are a freelancer, independent contractor, or small business who wants a basic accounting system that is easy to use, FreshBooks is the right choice for you. With FreshBooks, you can accomplish simple accounting tasks, such as bookkeeping, bank reconciliation, and invoicing with ease.
However, if you are a mid to large business owner who wants an advanced business ERP solution for your company, you can choose QuickBooks Enterprise.
Conclusion
Both QuickBooks and FreshBooks can be chosen to take care of the accounting process. However, it depends on whether you are looking for an all-in-one business solution like QuickBooks Enterprise or an accounting-specific solution like FreshBooks. Moreover, QuickBooks Enterprise will cost you more than FreshBooks but has a lot more features.
If you prefer QuickBooks Enterprise but want a cloud solution, you can opt for QuickBooks cloud hosting. Hosting QB on the cloud will offer advanced features like remote access, multi-level security, and automatic scaling, all with the capabilities of QB Enterprise.
Ace Cloud Hosting offers advanced QuickBooks cloud hosting solutions with a 99.99 percent uptime guarantee. You can also buy genuine QuickBooks licenses from us at the best prices.
Want to try QuickBooks on the cloud? Connect with our Solutions Consultant now @ +1-855-223-4887.
Also Read: Xero Vs. QuickBooks – Which One is Best For You?
FAQs – QuickBooks vs Freshbooks
How many items can you add to QuickBooks Enterprise?
In QuickBooks Enterprise, you can add up to one million items, be they inventory, non-inventory, assembly, or service parts. All these items can have sub-items as well.
How many users can I add to QuickBooks Enterprise?
In QuickBooks Enterprise, you can have 1 to 10 users with the option to add 30 users to the Gold and Platinum subscription. However, you can add up to 40 user licenses to the Diamond subscription.
What is QuickBooks multi-user mode?
QuickBooks offers a multi-user mode, in which multiple users with a user license can work simultaneously on a company file. With multi-user mode, you can host the company file on a single server or system and give the users remote access. The company file can also be hosted on the cloud.
Is QuickBooks Secure?
QuickBooks Enterprise is a secure desktop solution with features, like data encryption, user permissions, audit reports, and online backup. However, if you want an added layer of security, you can consider choosing QuickBooks cloud hosting services.
Is FreshBooks web-based?
Yes, FreshBooks is a web-based cloud accounting solution that enables you to access it from your personal devices, such as laptops, tablets, or smartphones via a web browser.
Is FreshBooks an ERP system?
No, FreshBooks is not an ERP system. It offers important accounting features for small businesses and individual contractors.
Does FreshBooks offer a free trial?
Yes, FreshBooks offers a 30-day free trial to customers without a credit card.
Can I run FreshBooks on Mac?
Yes, since FreshBooks is a cloud accounting solution, you can access it by opening a web browser on any device.
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