1 Answers
OrbitObserver
Updated:04/05/2024
Small businesses need reliable accounting software, and QuickBooks is a popular option. However, various competitors offer unique features and benefits.
Top Competitors of QuickBooks
- 1. Xero
- 2. FreshBooks
- 3. Wave Accounting
- 4. Zoho Books
- 5. Sage Business Cloud Accounting
- 6. Cashew
- 7. Invoicely
Key Features Comparison
| Software | Pricing | Key Features |
|---|---|---|
| Xero | $12 – $65/month | Unlimited users; Inventory tracking; Bank reconciliation |
| FreshBooks | $15 – $50/month | Time tracking; Invoicing; Client dashboard |
| Wave Accounting | Free | Invoicing; Receipt scanning; Accounting |
| Zoho Books | $10 – $30/month | Workflow automation; Multi-currency support; Collaboration tools |
| Sage Business Cloud | $10 – $25/month | Comprehensive reporting; Compliance; Invoicing |
| Cashew | $24/month | Project tracking; Estimates; Time tracking |
| Invoicely | Free – $15/month | Multi-language invoices; Time tracking; Reporting |
Customer Satisfaction Ratings
- Xero: 4.5/5
- FreshBooks: 4.6/5
- Wave Accounting: 4.4/5
- Zoho Books: 4.2/5
- Sage Business Cloud: 4.3/5
- Cashew: 4.1/5
- Invoicely: 4.0/5
Market Share Analysis
| Software | Market Share (%) |
|---|---|
| QuickBooks | 60% |
| Xero | 10% |
| FreshBooks | 7% |
| Wave Accounting | 6% |
| Zoho Books | 5% |
| Sage Business Cloud | 4% |
| Others | 8% |
Mind Map of Competitors
QuickBooks
|– Xero
|– FreshBooks
|– Wave Accounting
|– Zoho Books
|– Sage Business Cloud
|– Cashew
|– Invoicely
Conclusion
Choosing the right accounting software depends on your business size and needs. Assess each competitor’s features, pricing, and customer satisfaction before making a decision.
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