Business leaders, did you know that reading QuickBooks alternative reviews is a mandatory step to avoid choosing the wrong software?
In this era of digitalization, there are many accounting software providers in the Philippines, one of which is QuickBooks. QuickBooks was originally an accounting software that offered simple accounting features to companies. However, this vendor began to expand the capacity of its software.
Gayunpaman, sapat ba ang software ng QuickBooks upang matugunan ang iyong partikular at masalimuot na mga pangangailangan sa negosyo? We will answer this question in the article with a full review of QuickBooks, covering its features, pros, cons, and alternative accounting vendor recommendations.
Key Takeaways
|
Table of Content
Content Lists
What is QuickBooks?
QuickBooks is an accounting software developed by Intuit and designed to help small and medium-sized businesses manage their finances. It offers features like invoicing, payroll management, and financial reporting, making it easier for companies to handle financial tasks efficiently.
This vendor also integrates with various third-party applications, enhancing its functionality for specific industries and business requirements. However, like any other technology product, this accounting software vendor has some drawbacks that make it worth considering a QuickBooks alternative.
QuickBooks Features that Benefit Your Business
Quickbook system offers a range of features designed to simplify and optimize your business’s financial management processes, helping you save time and reduce errors.
Invoicing and billing: Easily create and send professional invoices.
- Expense tracking: Track business expenses and categorize them for accurate reporting.
- Payroll management: Automate employee payments and tax calculations.
- Financial reporting: Generate detailed financial reports like profit & loss to tackle accounting problem.
- Third-party integrations: Seamlessly connect with other apps to expand functionality.
Knowing the accounting features of QuickBooks, you might be curious about the price of accounting systems in the Philippines. For that, why don’t you try the following QuickBooks alternative pricing scheme? Know the funds and customize the system according to your needs.
Advantages and Disadvantages of QuickBooks That Could Affect Your Business
Before exploring a QuickBooks alternative, it’s essential to fully understand how QuickBooks can impact your business by reviewing its key pros and cons. According to Forbes, below are the pros and cons of QuickBooks that help you to make an informed decision on whether to switch from these accounting principles or stay with Quickbook system.
Pros |
Cons |
Widely used with bookkeepers and accountants | Expensive subscription |
Easy way to track finances | Limited support |
Straightforward implementation | The learning curve for corrections can be frustrating |
Best 12 QuickBooks Alternatives That Worth to Consider
While QuickBook system is widely popular, several alternatives offer specialized features, enhanced user experiences, and tailored solutions for various business needs. Below are the top 12 QuickBooks alternatives, each with pros and cons, and why they are worth it.
1. HashMicro
Why we choose: HashMicro is a comprehensive ERP solution with an advanced accounting module, making it a strong contender for businesses seeking an all-in-one platform.
Founded in 2015, HashMicro offers a robust accounting system tailored to enterprises that require more than basic bookkeeping. It integrates with other business management tools, providing a seamless experience for various industries in the Philippines.
Its accounting software has a free demo to help you discover how this QuickBooks alternative works. It also offers you complete features of accounting with countless advantages, such as:
Key features:
- Bank integration: Automatic matching process between transaction data recorded in the bank and internal bookkeeping in the system.
- Profit & loss: A report comparing gains and losses’ value with the original budget and previous estimates.
- Cash flow reports: Monitor the company’s cash inflows and outflows to ensure sufficient liquidity, make appropriate financial plans, and identify and address potential financial issues.
- Forecast budget: Predict future budgets based on historical data to help plan finances, allocate resources efficiently, and make better strategic decisions.
- Financial ratio: This tool automatically calculates various critical financial ratios, such as liquidity ratios, profitability ratios, debt ratios, etc.
- Custom printout for invoices: Simplify invoice printing for various needs and formats or displays that match business identity to increase positive impressions to suppliers and customers.
Pros |
Cons |
Free to add users without additional cost | The system implementation time may vary according to your desire for customization. |
User-friendly interface | |
Strong integration with ERP systems | |
Secure and reliable data handling | |
Customizable workflows tailored to industries | |
Strong customer support |
2. Zoho Books
Why we choose: Zoho Books is ideal for businesses looking for seamless integration across multiple platforms, thanks to its robust suite of business tools.
Zoho Books is a versatile, cloud-based accounting solution designed as one of the QuickBooks alternatives in the Philippines. Its automation features and real-time collaboration tools make it a favourite for companies that need an interconnected approach to managing finances and other business operations.
Key features:
- Multi-currency support
- Project accounting
- Bank reconciliation
- Custom workflows
Pros |
Cons |
Easy integration with Zoho’s complete suite | Limited offline functionality |
Highly customizable for various business needs | Customer support response times can vary |
Clean and intuitive user interface | Lacks advanced reporting tools |
Excellent mobile app for on-the-go accounting | Some features may require a learning curve |
3. FreshBooks
Why we choose: FreshBooks excels in ease of use and is particularly well-suited for service-based industries with its robust invoicing and time-tracking capabilities.
FreshBooks, initially designed for freelancers, has grown to serve small and medium businesses with its cloud-based accounting services. Known for its intuitive interface and project-based invoicing, FreshBooks is a QuickBook accounting alternative for those needing a simple yet effective accounting tool.
Key features:
- Time tracking and invoicing
- Recurring billing
- Automated expense tracking
- Multi-client management
Pros |
Cons |
Simple, user-friendly interface | Lacks some advanced customization |
Excellent customer support with fast response | It may not be ideal for businesses requiring complex integrations |
Perfect for project-based businesses | Limited features for larger enterprises |
Fast, responsive mobile app | Mainly focused on service businesses |
4. Xero
Why we choose: Xero’s real-time collaboration and clean interface make it an excellent choice for companies with distributed teams or remote operations.
Xero is a QuickBook software alternative from New Zealand, designed for small and medium businesses. It provides various tools, from invoice management to payroll integration, and offers real-time data access, making it ideal for teams working across different locations.
Key features:
- Real-time bank feeds
- Invoice and quote management
- Payroll integration
- Inventory tracking
Pros |
Cons |
Clean, modern interface with intuitive navigation | Occasional delays in customer support |
Regular updates and feature enhancements | Some users find the learning curve steep |
Extensive third-party integrations | Customization of reports is limited |
Ideal for multi-user collaboration | Add-on services can drive up costs |
5. Quicken
Why we choose: Quicken remains a solid option for users needing to manage personal and business finances on a simple platform.
Quicken has become a QuickBook competitors for personal finance management, but it also offers business tools useful for smaller enterprises. Quicken’s interface is straightforward, making it easy for individuals or business owners to manage their personal and business finances from one platform.
Key features:
- Investment management tools
- Customizable reports
- Budgeting and expense tracking
- Invoice and payment tracking
Pros |
Cons |
Trusted and long-standing reputation | Outdated interface compared to newer software |
Easy to manage both personal and business finances | Limited scalability for growing businesses |
Comprehensive reporting tools | Lacks real-time collaboration features |
Simple to navigate and use | Limited to desktop versions in some cases |
6. NetSuite
Why we choose: NetSuite stands out for its scalability and robust feature set, making it a go-to solution for large enterprises that need more than just accounting software.
As part of the Oracle ecosystem, NetSuite is an all-in-one ERP platform that includes an advanced accounting system. It offers QuickBook software alternative with global financial management, revenue management, and compliance tools, making it a leading choice for businesses with complex needs.
Key features:
- Global financial consolidation
- Advanced revenue management
- Compliance tools
- Project and resource management
Pros |
Cons |
Highly scalable and ideal for enterprise-level users | Expensive and complex to implement |
Exceptional integration with Oracle ERP tools | Overwhelming for small teams |
Advanced data security and compliance features | Lengthy setup and training process |
Supports global financial management | Not user-friendly for beginners |
7. Sage Business Cloud
Why we choose: Sage Business Cloud provides an easy-to-use platform with reliable tools for growing businesses, particularly in industries needing advanced reporting and payroll features.
Sage Business Cloud is a cloud-based accounting platform that helps businesses automate their billing, invoicing, and payroll processes. It provides reliable support and tools to help companies stay organized and compliant.
Key features:
- Cash flow forecasting
- Multi-user access
- Automated invoicing
- Payroll integration
Pros |
Cons |
Intuitive user interface with advanced tools | Limited customization options |
Strong customer support | Integration options may be fewer than competitors |
Reliable for compliance and payroll needs | Navigation can be complex for new users |
Regular updates ensure ongoing improvements | Integrations can be costly |
8. OneUp
Why we choose: OneUp’s unique combination of CRM and accounting tools in one platform makes it ideal for businesses that need both functionalities in a single solution.
OneUp is a QuickBooks alternative solution that also includes CRM functionality. It is a powerful tool for businesses seeking to combine customer relationship management with their accounting software. It provides automated bookkeeping and other key features for managing finances.
Key features:
- CRM integration
- Expense tracking
- Automated bookkeeping
- Inventory management
Pros | Cons |
Compact and efficient design | A lesser-known vendor with limited customer support |
Quick setup and deployment | Limited integrations with third-party tools |
Combines CRM and accounting in one tool | Not ideal for complex reporting needs |
Easy-to-navigate interface | Updates may cause system slowdowns |
9. Bench.co
Why we choose: Bench.co stands out for its combination of accounting software and professional bookkeeping services, making it ideal for businesses that want the best of both worlds.
Bench.co is more than just software—it’s a service that provides dedicated bookkeepers to handle your finances while giving you access to financial software to track your performance. This hybrid approach offers business owners a hands-off experience with personalized bookkeeping.
Key features:
- Dedicated bookkeeper
- Monthly financial reports
- Tax filing support
- Visual financial dashboard
Pros |
Cons |
Personalized service with a dedicated bookkeeper | Limited control over bookkeeping processes |
Exceptional customer support and communication | Limited integrations with other platforms |
Time-saving with minimal manual input is required | Switching bookkeepers may be difficult |
Clear, intuitive financial dashboard | Primarily focused on the US market |
10. Wave
Why we choose: Wave offers an easy-to-use accounting platform that’s completely free, making it an attractive option for businesses looking for basic financial management tools.
Wave is a QuickBook accounting alternative solution that provides solid financial tools, including invoicing, expense tracking, and payroll. Its simplicity and lack of cost make it ideal for smaller businesses or startups needing core accounting features.
Key features:
- Unlimited invoicing
- Bank reconciliation
- Income and expense tracking
- Payroll integration
Pros |
Cons |
Free accounting software with core functionality | Customer support is primarily self-service |
Intuitive, simple interface for beginners | Lacks advanced features and scalability |
Fast and easy to set up | Limited integration options |
No hidden fees or costs | Not ideal for businesses with complex needs |
11. GNUCash
Why we choose: GNUCash’s open-source nature and customizable features make it perfect for tech-savvy businesses looking for flexibility without additional costs.
GNUCash is an open-source accounting software for personal and business use. While its interface may seem dated, it is flexibility, and community-driven updates make it a strong option for those who prefer open-source QuickBook accounting software.
Key features:
- Double-entry accounting
- Reporting and analysis
- Investment portfolio management
- Scheduled transactions
Pros |
Cons |
Completely free and open-source | Outdated user interface |
Highly customizable for advanced users | The steep learning curve for beginners |
Regular community-supported updates | Limited customer support |
Excellent for users comfortable with tech | Lacks seamless integration with modern apps |
12. Tiller
Why we choose: Tiller is ideal for businesses that prefer managing finances through spreadsheets, offering an automated way to update financial data directly into Google Sheets or Excel.
Tiller is a QuickBook competitors that automatically pulls your financial data into Google Sheets or Excel, offering full control and customization. It’s a perfect option for businesses that prefer the familiarity and flexibility of spreadsheets while automating the data entry process.
Key features:
- Automated bank feeds into spreadsheets
- Customizable dashboard
- Daily financial updates
- Financial templates
Pros |
Cons |
Great for spreadsheet enthusiasts | Not a complete accounting solution |
Provides full control and customization | Primarily DIY with limited support |
Automatically updates financial data | Lacks more advanced features like automation |
Integrates seamlessly with Google Sheets & Excel | Customer support is limited to online resources |
How to Choose the Best QuickBooks Alternatives for Your Company
Selecting the right accounting software for your business is a critical decision that impacts your financial efficiency and overall operations. To make an informed choice, consider the following factors that will help you identify the best QuickBooks alternative for your company:
- Assess needs: Identify the specific accounting needs of your company.
- User experience: Choose programs like QuickBook with an intuitive interface.
- Integration: Ensure seamless integration with other business tools.
- Scalability: Consider the software’s ability to grow with your company.
- Support: Check for reliable customer support.
- Data security: Prioritize software with solid security features.
- Reporting: Test the software’s reporting and analytics capabilities.
- Trial: Take advantage of a free demo over the QuickBooks alternative.
Conclusion
Choosing the right QuickBooks alternative for your company requires careful consideration of various factors, including your specific business needs. By taking the time to assess these aspects, you can find software that meets your current requirements and grows with your business.
Ultimately, testing the QuickBooks alternative software, like HashMicro, through a free demo will give you a clearer perspective and confidence in your decision. With these tips in mind, you’re better equipped to make an informed choice that aligns with your company’s goals.
FAQ About QuickBooks Alternatives
-
Why are people leaving QuickBooks?
QuickBooks is a general accounting and bookkeeping platform suitable for various businesses, effectively fulfilling its role. However, the software falls short of providing the functionality and features necessary for companies to boost efficiency, profitability, and scalability.
-
Is QuickBooks becoming obsolete?
All QuickBooks Desktop versions from 2021 and earlier will be discontinued on May 31, 2024. Starting June 1, users can no longer access live technical support or security updates.
-
Who owns QuickBooks now?
QuickBooks is an accounting software suite created and promoted by Intuit.