Freshbooks vs QuickBooks

Last updated: December 05, 2017

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Freshbooks
FreshBooks is an online invoicing software as a service for freelancers, small businesses, agencies, and professionals. The product includes a myriad of other related features, such as time tracking, expense tracking, recurring billing, online payment collection, the ability to mail invoices through the U.S. Post, and support tickets.
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QuickBooks
QuickBooks Online puts you in control of your finances, your time, your business—and where you work. From setup to support, QuickBooks Online makes your accounting easy. With simple tools to get you started, free support, and a money-back guarantee, QuickBooks Online is the effortless choice.
Freshbooks vs QuickBooks in our news:

2017. Intuit acquired time-tracker TSheets



Intuit, the company behind products like QuickBooks, acquired TSheets, a time-tracking service and employee scheduling app with over 35,000 customers for $340 million. There’s an obvious overlap between the markets for QuickBooks and TSheets, both of which mostly target small to medium businesses. Indeed, Intuit tells us that the companies already share 12,000 customers. Clearly this isn’t a play to acquire new customers, but to build out the QuickBooks ecosystem and it’s worth noting that TSheets already offers an integration with QuickBooks. In talking to Intuit over the last few months, this idea of removing friction is very much at the heart of the company’s current product plans, especially with regard to QuickBooks.


2015. Freshbooks allowed to invoice clients faster



Online accounting software FreshBooks has added three improvements to make your billing speedier than ever before. With a new search box at the top of the list, you can simply start typing the client you’re looking for and only the people that match your search criteria will appear.  Adding a new client right from the New Invoice screen also becomes easier. Now the “New Client” field is right up at the top of your client list to help make creating new clients just that much easier. Besides, now when you update your client’s contact information (such as their address or phone number), the changes will now immediately appear on all unsent invoices for that client. Older invoices that have already been sent will retain the old information by default, although your can manually update them if needed. So if you’re not a fan of doing things twice, this is particularly good news.


2014. Intuit acquired cloud integration service ItDuzzit



Intuit continues to build out its cloud platform for SMB by acquiring itDuzzit — the startup that provides tools for businesses to integrate different web and mobile apps with each other (something think IFTTT for enterprises). The idea here is that Intuit will add itDuzzit to its QuickBooks platform, which provides accounting and increasingly many other adjacent services to businesses. ItDuzzit competes against the likes of Zapier and Cloudwork. The dozens of apps that can be linked up using the itDuzzit include the likes of Asana, Box, Coinbase, Freshbooks, PayPal and Shopify, with promises of further apps to come. What it essentially means is that while Inuit may not have its own hand in each of those pies (yet), it will give its customers an easy way of using them on its platform and with Intuit software regardless.


2009. FreshBooks - online billing for small business



There are a lot of online billing services on the Web and each offers its own mix of usability and applicability to a business. But if you're looking for something simple that will make it easy to monitor your billing cycles, FreshBooks is a good place to start. FreshBooks makes it simple to manage clients, projects, and most importantly, invoices. The tool generates recurring invoices and automatically bills customers. And it's relatively affordable: you can pay nothing if you need basic invoicing or pay up to $149 per month if you want more employees to access the account. Aside from being able to import from and export to QuickBooks and CSV files, the tool automatically integrates with payment processing solutions like PayPal and its design makes completing your invoicing tasks quick and easy.But the most useful feature is its tracking. If you're using a crude system for billing, you probably have some trouble remembering when or if you were paid. FreshBooks eliminates that issue and provides a menu pane showing outstanding payments and historical payments so you know when money is coming in. And if you're worried about the look of your invoice, you can customize it any way you'd like and even input your company logo.


2008. Intuit launches QuickBooks Online Edition



Intuit is the biggest player in the accounting software space, its QuickBooks product having massive following in the SMB space with over three millions users. QuickBooks Online Edition (QBOE) is its response to the growing popularity of web-based and online accessible offerings. Available now for several years, QBOE has had slow, but steady, uptake. QBOE does some of the major things that businesses need. It's got full double-entry accounting, allowing for correct balance sheets, profit and loss statements and trial balances to be run from it. The starting point for QBOE is the home screen. Unlike other online accounting apps which try and depict a "dashboard view" is where their business is at, the QBOE home screen is more a process diagram, showing a workflow style diagram that allows the user to dive into different functional area of the accounting system. The Basic edition covers the bare essentials - accounts receivable, expense tracking and check printing, arguably quite limited functionality for $10 a month. The Plus version adds estimates and invoice customisations, time tracking, recurrent billing, budgeting and online billing to the mix.


2008. Accounting on the go: Quickbooks for iPhone and Blackberry



Quickbooks, one of the leading accounting packages for small businesses, has just released web interfaces for Blackberry and iPhone. The iPhone version, seen to the left, sports a very slick UI and allows easy, at-a-glance access to all of your financial information, entered into Quickbooks Online. At first glance, the web app provides a simplistic view of things. Features included are looking at who owes you, who you owe, vendors, employees, and bank accounts. Despite the initially simplistic look, as you drill down, you uncover a whole new level of detail. Even though this seems to be a killer app for referring to your financial information, I have to point out some points where they have missed the mark. First off, a standalone app, available through the App Store would have been nice for the iPhone, but it's not completely necessary. The largest oversight here is not being able to edit or add data. In my opinion, this would be one of the primary usage scenarios for this app. That said, this is version one of this app and we may see this sort of functionality being added at some point down the line.  If you are already a Quickbooks Online user, these new web interfaces for Blackberry and iPhone are nice perks. I'm not sure that the introduction of these apps would be the deciding factor in jumping to Quickbooks Online, but it might help the decision.


2006. FreshBooks, a refreshingly straightforward invoicing service

FreshBooks is another online invoicing service for small businesses. Like Blinksale and Simplybill, which also prepare invoices online, it's a somewhat spare utility that does just one business function. But this one's feature set is not quite as spare the other utilities. There are more options for managing clients, projects, and contacts. The product will generate recurring invoices and auto-bill customers. There are several useful reports you can run. There's a rudimentary time-logging function (useful for billing services). There's even a support ticket module, although Iým not sure this belongs in an invoicing utility but I guess if a support issue is causing a customer to not pay you, you might want to track it here. The service is free to use indefinitely, but limits you to 3 client accounts. Paid versions start at $14 a month and allow you to bill more clients and have more users at your business working on the system. If you are looking at online invoicing systems, definitely try this product.