It’s growing, too, adding multicurrency support, integration with payment platforms, and more invoicing features in the last year. Kashoo certainly isn’t the most well-known accounting option on this list, but it’s an incredibly solid piece of software.
Specifically, it makes it incredibly easy for you to pull your information out of the system, allowing you to move it and manipulate it as you see fit. While everything is getting more transparent, Kashoo really embodies the ideals of transparency.
If your business is service-based, Wave is a fantastic – did I mention free? – solution. You won’t be doing inventory with Wave or making a deep dive into sales tax accounting, but you can manage your day-to-day revenue and expenses. It’s also a solid accounting system, presenting a series of options more akin to Quicken than the QuickBooks. If Quicken was your go-to solution because of its low price, Wave might be a good replacement for you. Xero, though, has better inventory and data management in place.
In short, the software systems are remarkably similar, with QuickBooks handling tax and payroll a bit better than Xero. If you want a detailed breakdown on features, I love the QuickBooks Online vs Xero piece that Sleeter put up last year. There are still plenty of options for small businesses included with Xero, so you don’t sacrifice too much power for the good looking interface. If QuickBooks seems like a step too far, Xero might be a good place to dip your toe into the water. The reporting and interface Xero presents just makes doing your daily/weekly/quarterly accounting less frustrating. If ever there was an accounting package designed to appeal to visual learners or tech startups, Xero is it. Xero has the look and feel of the internet. If, on the other hand, your business is getting bigger and more complex, QuickBooks might be a good option. On the downside, the very small businesses that have been on Quicken for years – and who aren’t eager to scale up anytime soon – may find QuickBooks’ size overwhelming. Those are nice additions that Quicken doesn’t ship with. For small business owners, the real winners are things like forecasting, time tracking, inventory management, multiple users, and purchases orders. To try and keep itself ahead of the pack, QuickBooks jams every conceivable feature into one of its many products.
While there are plenty of other players out there – and we’ll cover some of the best below – the bar to surpass is still Intuit’s flagship product. QuickBooks is also the standard in American small business accounting. One of the biggest names in the game, QuickBooks is still firmly under Intuit’s control.
See the full list of Quicken alternatives here. This article looks at five Quicken alternatives.