Managing money and handling money are not the same; the latter is within the purview of bookkeeping, and it consists of a series very of hands-on processes. Oftentimes businesses hire a bookkeeper to take care of this, but many small businesses also opt to get started with FreshBooks accounting software. In fact, this solution is often recommended to freelancers, entrepreneurs, and self-employed business professionals who have not yet expanded to the point of keeping a full-time bookkeeper or accountant on the payroll.
What You Can Do With FreshBooks Accounting Software
There’s a good chance you have heard about QuickBooks by Intuit, a business solution that has been around for decades. FreshBooks accounting software is a direct competitor to QuickBooks, and it is the choice of more than 10 million business owners around the world; some of them happen to be our clients.
In essence, FreshBooks accounting software lets you do more than just double-entry bookkeeping of your business inflows and outflows. One of the reasons businesses use FreshBooks is that it is a full-featured solution that includes features such as:
- User-friendly invoicing
- Project management
- Time tracking and billing
- Expense tracking
- Financial reporting
- Automated handling of payments
- Multiple integrations
There is also a full-fledged mobile app that lets you manage FreshBooks on the go, and which is highly recommended to business owners who spend considerable time away from their offices.
By being a Software-as-a-Service solution, FreshBooks is available on a monthly subscription basis. The various plans are reasonable and highly scalable. If you operate an e-commerce business that uses Stripe or Square for its shopping cart and checkout operations, you can easily integrate things with FreshBooks.
Which Alternative to Freshbooks is Best For Your Business?
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Is FreshBooks Accounting Software Right For You?
As previously mentioned, FreshBooks is an option that can fit the needs of entrepreneurs and professionals who work on their own. Still, it is also an excellent option for just about any small business. Many entrepreneurs who start with this bookkeeping solution decide to stick with it as their businesses expand to the point of managing payroll. While FreshBooks does not offer payroll right out of the box, it can integrate with many other solutions to this effect. FreshBooks is also good for beginners as you do not need to be familiar with bookkeeping to master it.
In a nutshell, if you’re considering FreshBooks or its alternatives; or deciding between FreshBooks and QuickBooks by Intuit as the most suitable accounting software for your business, it is important to consider the following:
FreshBooks is best for freelancers or startups, and works well for small businesses needing software that’s simple-to-use and quick-to-set-up and can easily integrate with other tools.
QuickBooks by Intuit works best for medium and fast-growing businesses; and is suitable for businesses that want only one financial tool, providing all required functionality and is equipped for scalability.
Learn More About FreshBooks Bookkeeping and Accounting
Accounting software integration is one of the many services we offer. If you need assistance setting-up FreshBooks for your business, please do not hesitate to contact our CPAs. Fusion CPA has a solid track record of advising clients on the bookkeeping and accounting software right for their business. Quite a few of these clients have decided to retain our accounting services to remotely evaluate and manage their books.
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