If you’re looking for software similar to QuickBooks, you’re not alone. According to a recent study by Market Research Future, the accounting software market was worth $13.59 billion in 2022 and is projected to grow to $29.80 billion by 2030, with an annual growth rate of 9.2%, highlighting the increasing demand for reliable financial management tools.
Numerous businesses seek alternatives because of cost, feature constraints, or a desire for a more user-friendly experience. Whether you’re a freelancer, a small business owner, or an enterprise, selecting suitable accounting software can have a big impact on your efficiency and financial health. Here are 15 top alternatives to help you find the best fit.
1. FreshBooks
FreshBooks is one of the best QuickBooks alternatives for small business owners and freelancers looking for an easy-to-use accounting tool. It is known for its user-friendly layout and includes useful functions such as invoicing, time tracking, and cost management. The Lite plan starts at $15 per month and is ideal for organizations with fewer customers.
Key Features:
- Automated invoicing and payment reminders.
- Time tracking and expense management.
- Connection with third-party apps like PayPal and Stripe.
- Strong reporting tools to help track cash flow and business performance.
Best For: Freelancers, consultants, and small businesses in service industries who need an intuitive system for managing finances with minimal complexity.
2. Xero
Xero is a cloud-based accounting tool ideal for small and medium-sized enterprises. It’s known as better than QuickBooks for its robust financial tracking, inventory management, and real-time bank reconciliation. Pricing begins at $13 per month for the Early plan, with more advanced features available at higher tiers.
Key Features:
- Unlimited users on all plans, which is great for teams.
- Real-time bank reconciliation and automatic transaction imports.
- Inventory and expense management tools.
- Mobile app for managing funds while on the go.
Best For: Growing small businesses, especially those that need strong integrations with other software and mobile accessibility. It is also perfect for businesses wishing to expand globally because it supports multiple currencies.
3. Zoho Books
Zoho Books is a software similar to QuickBooks that connects smoothly with other Zoho business apps, making it an excellent alternative for organizations that currently use the Zoho suite. Pricing begins at $15 per month, with scalable options for larger enterprises.
Key Features:
- Automated workflows and approvals for expense and invoicing processes.
- Multi-currency support for international business.
- Mobile access to manage finances from anywhere.
- Customizable invoice templates and automated billing.
Best For: Small to medium-sized businesses seeking a complete accounting solution that connects with other tools, particularly those currently using Zoho CRM and other Zoho apps.
4. Wave Accounting
Wave is a free, cloud-based accounting application that is excellent for small businesses, freelancers, and entrepreneurs who are looking for a replacement for QuickBooks. Its features cover basic accounting needs, and it only charges for additional services like payroll or payment processing.
Key Features:
- Free invoicing, accounting tools, and financial reporting.
- Additional paid services like payroll (starting at $20/month) and credit card processing.
- Bank reconciliation and financial management tools.
- Easy-to-use dashboard for monitoring cash flow and business performance.
Best For: Freelancers and small firms with basic accounting requirements who do not wish to invest in costly software. It is also ideal for firms that do not require payroll features immediately.
5. Sage 50cloud
Sage 50cloud blends the capability of desktop accounting software with cloud capabilities, making it ideal for growing enterprises. Its pricing starts at $46.02 per month for the Pro Accounting plan, which includes support for up to 1 user.
Key Features:
- Inventory and work cost management.
- Cloud storage provides strong data security and protection.
- Multi-user collaboration for larger teams.
- Payroll and tax management tools.
Best For: Medium to large businesses that need more advanced accounting features like job costing and inventory management but still want the flexibility of cloud access.
6. NetSuite ERP
NetSuite ERP is an enterprise-level solution designed for large organizations with complicated financial and operational requirements. Known to be one of QuickBooks competitors, it offers full financial management and advanced reporting, with pricing starting at around $999 per month.
Key Features:
- Cloud-based ERP that handles full financial management, including accounting, billing, and financial reporting.
- Advanced reporting and analytics solutions are available for gaining detailed business information.
- Multi-currency and multi-location support for worldwide enterprises.
- Scalable solutions that grow with your company.
Best For: Large enterprises or multinational companies that require highly customizable accounting software with strong financial and operational integrations.
7. Kashoo
Kashoo is a basic bookkeeping software for small enterprises. It offers automatic categorization of expenses and other basic accounting functions. Pricing starts at $19.95 per month.
Key Features:
- Automatic categorization of expenses.
- Easy-to-use dashboard for managing finances.
- Single-entry accounting system.
- Secure cloud storage for financial data.
Best For: Small business owners or freelancers who need a straightforward accounting tool with minimal setup and a simple user interface.
8. Sunrise by Lendio
Sunrise offers affordable accounting software for small businesses with invoicing and bookkeeping tools. The basic plan is free; however, paid subscriptions with personalized bookkeeping services begin at $149 per month.
Key Features:
- Free invoicing and cash flow tracking.
- Personalized bookkeeping services available (for paid plans).
- Business expense categorization and automatic transaction syncing.
- Tax preparation support.
Best For: Small businesses seeking an economical solution with the possibility to upgrade to professional bookkeeping services.
9. AccountEdge
AccountEdge offers both desktop and cloud versions of its accounting software, with pricing starting at $399 per year. It’s great for enterprises that require comprehensive accounting capabilities and offline access.
Key Features:
- Inventory and payroll management.
- Time tracking and job costing.
- Recurring invoicing and billing.
- Secure, desktop-based solution with cloud backup.
Best For: Small to medium-sized businesses that need strong accounting features and prefer the flexibility of a desktop solution but still want cloud backup.
10. GnuCash
GnuCash is a free, open-source accounting software that’s suitable for freelancers and small business owners with basic accounting needs. It’s completely free and ideal for businesses on a tight budget.
Key Features:
- Double-entry bookkeeping ensures proper financial management.
- Budgeting and financial tracking tools.
- Basic invoicing capabilities.
- Free and open-source software with no subscription fees.
Best For: Freelancers, hobbyists, or small businesses looking for a free, open-source accounting tool with essential bookkeeping features.
11. Patriot Accounting
Patriot Accounting is a simple, affordable accounting tool ideal for small businesses. Pricing starts at $15 per month, making it one of the most cost-effective options.
Key Features:
- Cost-effective price with a free trial.
- Options for managing your payroll and taxes.
- Simple installation with a user-friendly interface.
- Excellent customer service.
Best For: Small businesses and startups that need a simple and affordable solution for payroll and basic accounting tasks.
12. ZipBooks
ZipBooks is a cloud-based accounting software with a free basic plan and advanced paid plans starting at $15 per month. As one of the alternatives to QuickBooks online, it provides automated accounting features to simplify bookkeeping.
Key Features:
- Smart expense categorization using machine learning.
- Online invoicing and payments.
- Time tracking and project management features.
- Free basic plan with essential features.
Best For: Small businesses, freelancers, and startups who need simple accounting tools with the option to scale up as the business grows.
13. Akaunting
Akaunting is a free, open-source, cloud-based accounting tool offering comprehensive financial management. It’s an excellent choice for organizations searching for a free solution.
Key Features:
- Cloud-based access with multi-user collaboration.
- Invoice and expense tracking tools.
- Fully free, with no hidden fees.
- Open-source, customizable platform.
Best For: Freelancers, small businesses, and startups that want a free accounting solution with customizable features and no upfront costs.
14. OneUp
OneUp is an AI-powered accounting tool that automates bookkeeping tasks, with pricing starting at $9 per month. It also offers inventory and CRM features.
Key Features:
- Automated bookkeeping tasks with AI.
- CRM and inventory management tools.
- Bank reconciliation and financial reporting.
- Cloud-based solution for easy access.
Best For: Small enterprises and startups seeking a cost-effective, automated accounting solution that also includes CRM and inventory management.
15. FreeAgent
FreeAgent is a user-friendly accounting software for freelancers and small business owners. Its pricing begins at $15 a month, making it an affordable option for lone entrepreneurs.
Key Features:
- Automated invoicing and expense tracking.
- Tax calculation and filing tools.
- Bank transaction imports make reconciliation easier.
- Strong mobile features for handling finances while on the road.
Best For: Freelancers, sole proprietors, and small businesses that need a simple accounting tool with strong invoicing and tax support.
Considering all this, choosing the right accounting software is about more than just replacing QuickBooks. It’s about finding a tool that fits your business needs now and in the future. Whether you’re using FreshBooks, Xero, or Wave Accounting, the right software can help your business grow smoothly and manage finances more efficiently. Making the right choice today sets your business up for success in the long run.