Intuit QuickBooks is a family title, however its Solopreneur version might be dear and complex. Thankfully, numerous options exist. Wave Accounting is a good all-around winner. For area of interest wants, FreshBooks and others serve freelancers and smaller entities nicely.
Let’s uncover your greatest alternate choices for QuickBooks Solopreneur.
| Is Solopreneur the identical as Self-Employed? Solopreneur changed Self-Employed in america. Some nations, reminiscent of Australia and Canada, nonetheless use the Self-Employed title, although. There are additionally outdated legacy articles within the QuickBooks information base that use the outdated title. |
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QuickBooks
QuickBooks
Workers per Firm Measurement
Micro (0-49), Small (50-249), Medium (250-999), Giant (1,000-4,999), Enterprise (5,000+)
Micro (0-49 Workers), Small (50-249 Workers), Medium (250-999 Workers), Giant (1,000-4,999 Workers)
Micro, Small, Medium, Giant
Options
API, Basic Ledger, Stock Administration
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Multiview ERP
Multiview ERP
Workers per Firm Measurement
Micro (0-49), Small (50-249), Medium (250-999), Giant (1,000-4,999), Enterprise (5,000+)
Micro (0-49 Workers), Small (50-249 Workers), Medium (250-999 Workers), Giant (1,000-4,999 Workers)
Micro, Small, Medium, Giant
Options
Accounts Receivable/Payable, Basic Ledger, Stock Administration, and extra
3
Acumatica Cloud ERP
Acumatica Cloud ERP
Workers per Firm Measurement
Micro (0-49), Small (50-249), Medium (250-999), Giant (1,000-4,999), Enterprise (5,000+)
Micro (0-49 Workers), Small (50-249 Workers), Medium (250-999 Workers), Giant (1,000-4,999 Workers)
Micro, Small, Medium, Giant
Options
Accounts Receivable/Payable, API, Departmental Accounting, and extra
Prime QuickBooks Solopreneur options comparability
| QuickBooks Solopreneur | |||||
| Wave Accounting | |||||
| Zoho Books | |||||
| Xero | (bought individually) |
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| FreshBooks | |||||
| ZipBooks |
Wave Accounting: Greatest total various
Wave Accounting shines as a stellar various to QuickBooks Solopreneur for freelancers and others in search of complete, no-cost options. The title boasts a broad suite of monetary instruments, together with double-entry accounting, limitless invoicing and receipt scanning, with no subscription payment. Plus, its user-friendly interface and strong performance make it extremely approachable.
Why we selected Wave Accounting
Wave Accounting is the perfect total various attributable to its free but highly effective Starter plan, which delivers an entire set of options usually unique to premium accounting software program. It’s notably interesting to new companies or solo entrepreneurs making an attempt to save cash with out compromising performance.
For extra info, learn our full Wave Accounting overview.
Pricing
- Starter: Free.
- Professional: $16/month, billed month-to-month.
Options
- Limitless transaction information and invoices.
- Customizable invoicing.
- Automated receipt scanning.
- Double-entry accounting.
- Helps a number of companies in a single account.
Professionals and cons
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Zoho Books: Greatest free plan for small companies
Zoho Books is a superb selection should you love simplicity however want strong scalability. The platform delivers a top-notch double-entry accounting resolution with ample capabilities for rising small companies. Fortunately in your pockets, it affords a zero-cost starter subscription.
With this QuickBooks various, you’ll nab basic options like customizable invoices and wealthy analytics, in addition to a user-friendly interface excellent for small companies needing a fast, straightforward choice. If you’re able to develop, you’ll be able to seamlessly connect with different Zoho merchandise.
Why we selected Zoho Books
The answer affords lots that meets the wants of small companies. Plus, it boasts a user-friendly platform that’s suited to long-term development by way of the broader Zoho ecosystem.
For extra info, learn our full Zoho Books overview.
Pricing
Six subscription tiers are on faucet. Annual subscriptions embrace an approximate 15% low cost.
- Free: $0 month-to-month; max one person.
- Commonplace: $20 month-to-month; max three customers.
- Skilled: $50 month-to-month; max 5 customers.
- Premium: $70 month-to-month; max 10 customers.
- Elite: $150 month-to-month; max 10 customers.
- Final: $275 month-to-month; max 15 customers.
Options
- Seamless connections to different Zoho titles.
- Multi-level transaction approvals.
- Automated 1099-MISC experiences.
- Actual-time financial institution feeds.
- Mileage monitoring.
Professionals and cons
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Xero: Greatest for freelancers
Xero delivers a strong but easy resolution tailor-made to fulfill the wants of freelancers and sole proprietors. Its robust factors embrace straightforward financial institution reconciliation, detailed monetary reporting and a large ecosystem of app integrations. These value-adds make it a scalable resolution as what you are promoting grows. Plus, the title companions with Gusto for payroll if you’re able to tackle workers.
Why we selected Xero
Freelancers favor Xero attributable to its easy pricing, strong cellular app and glorious options that simplify the complexities of monetary administration. These options make it straightforward to work solo but keep on high of what you are promoting funds from wherever.
For extra info, learn our full Xero overview.
Pricing
Xero has three plans out there. A 75% low cost applies to the primary six months.
- Early: $15 month-to-month; contains 20 invoices.
- Rising: $42 month-to-month; limitless invoices.
- Established: $78 month-to-month; limitless invoices.
Options
- Actual-time financial institution feeds.
- On-line invoicing and quotes.
- Money circulate monitoring.
- Integrations with greater than 800 apps.
- Multifactor authentication for added safety.
Professionals and cons
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FreshBooks: Greatest for service-based companies
FreshBooks caters to service suppliers. The answer emphasizes time-saving benefits, like hands-free recurring invoicing and automatic financial institution transaction group. It additionally boasts a venture dropbox so shoppers can add paperwork. In consequence, you’ll all the time have a centralized place to retailer all the pieces it is advisable to end your contracted work.
Why we selected FreshBooks
We love this title for its considerate instruments that transcend accounting to incorporate time monitoring, venture administration and consumer retention instruments. It expertly solves the most typical ache factors concerned in serving shoppers.
For extra info, learn our full FreshBooks overview.
Pricing
FreshBooks has three tiers out there. Annual plans obtain 10% off. All plans rating 60% off for the primary 4 months.
- Lite: $19 monthly; limitless invoices to 5 shoppers max.
- Plus: $33 monthly; limitless invoices to 50 shoppers.
- Premium: $60 monthly; limitless invoices and limitless shoppers.
- Choose: Customized pricing.
Options
- Customizable invoices and computerized billing.
- Expense monitoring linked to shoppers or initiatives.
- Time monitoring built-in immediately into invoices.
- Automated late cost reminders.
- Complete experiences and dashboards.
Professionals and cons
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ZipBooks: Greatest price range choice runner-up
No sweat if QuickBooks Solopreneur is dearer than you’d like as a result of ZipBooks boasts a free accounting resolution with a user-friendly interface. You’ll be able to ship limitless personalized invoices to any variety of shoppers with out paying a cent. You’ll additionally snag primary analytics and multi-currency assist with out cost.
When you’ve got some money to spare, this competitor’s paid plans provide enhanced options. For lower than QuickBooks Solopreneur, ZipBooks affords superior experiences, receipt scanning and synthetic intelligence-powered capabilities. This immense worth makes it a terrific budget-friendly various to QuickBooks Solopreneur.
Why we selected ZipBooks
ZipBooks affords a easy, easy-to-use accounting resolution that balances performance and cost-effectiveness. Its intuitive design is great for solopreneurs needing primary but highly effective accounting instruments.
For extra info, learn our full ZipBooks overview.
Pricing
4 plans can be found. All plans included limitless invoices and shoppers.
- Starter: Free.
- Smarter: $15 month-to-month.
- Refined: $35 month-to-month.
- Accountant: Contact ZipBooks for pricing; accountants/bookkeepers solely.
Options
- Limitless invoicing and expense monitoring.
- Good tagging for expense categorization.
- Undertaking administration and time monitoring.
- Automated experiences and insights.
- Integration with high cost gateways.
Professionals and cons
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Do you want a substitute for QuickBooks Solopreneur?
QuickBooks Solopreneur simplifies accounting for unbiased enterprise homeowners. Nevertheless, as versatile as it’s, it’s not the proper resolution for each freelancer or solopreneur. Right here’s why you may need to take into account different choices:
- Worth sensitivity: QuickBooks Solopreneur begins at $20 a month, which is pricier than most opponents, so it will probably really feel costly for freelancers simply getting began or managing a good price range.
- Customization wants: Whereas QuickBooks supplies important options, it lacks superior customization choices for invoicing templates, expense categorization and reporting. Options like Zoho Books and Xero provide extra flexibility in customizing these parts.
- Distinctive options: QuickBooks Solopreneur focuses on core accounting wants, however some freelancers require extra options like venture administration, CRM integration or industry-specific instruments. FreshBooks caters to service-based companies, whereas Zoho Books affords in depth CRM integration.
- Assist and accessibility: QuickBooks primarily supplies on-line assist, which will not be appropriate for all customers. Some options, like FreshBooks and Xero, provide telephone assist, whereas Wave Accounting contains stay chat assist.
Methodology
We researched every various’s total worth for cash, performance, customer support high quality, user-friendliness and use of double-entry accounting. We additionally analyzed buyer suggestions and technical documentation, amongst different components.