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7 Best QuickBooks Alternatives Of 2024

Sage 50cloud Accounting is another popular accounting solution that offers both cloud-based and non-cloud versions. The non-cloud version of Sage 50cloud is ideal for small businesses that want the flexibility to access their accounting data from any location, without having to set up and manage cloud infrastructure. QuickBooks is one of the most popular accounting software solutions on the market, and it’s available in both cloud-based and non-cloud versions. The non-cloud version of QuickBooks is designed for small businesses that don’t want to deal with the hassle of setting up and maintaining cloud infrastructure.

  1. Donor-advised funds (DAF) let the donor receive an immediate tax deduction and even get involved in recommending grants to the organization of your choice.
  2. Much like YNAB, it’s a budgeting tool that uses the principles of zero-based budgeting.
  3. You can manage up to 1,000 invoices per year, set up recurring invoices and track expenses.
  4. Next up, Wave is an ideal option if you’re looking to do things on the cheap.
  5. Please consult with a licensed financial or tax advisor before making any decisions based on the information you see here.

This is unique among all the bookkeeping software we’ve looked at—including QuickBooks—but makes for a very simple way to enter expenses for non-bookkeepers. Zoho Books is our top QuickBooks alternative because of its scalability and mobile app functionality. Wave is second on our list as it has a free plan that provides sufficient support for businesses with basic bookkeeping needs. One of the top reasons to pick FreshBooks as a QuickBooks alternative is its user-friendly interface. It’s intuitive and lacks the accounting industry terms you may not know as a business owner. FreshBooks doesn’t limit the number of invoices you can send, so even the low-tier plan is a viable and affordable option.

Alternatives to QuickBooks accounting software FAQs

It is not a budgeting tool so if that’s important for you, this tool will not be a good alternative. ProjectionLab has three tiers (and a 7-day free trial) – Basic (free), Premium ($9/mo), and Pro ($45/mo). Basic lets you play around with the tool but will not save your data unless you upgrade to Premium. Premium gives you access to every non-financial advisor feature of the tool (everything a regular person would need). I run a small business with my husband and have been using LedgerLite from the start. I had only limited bookkeeping knowledge, however this software made it possible to learn the basics in under a day.

Then, we looked for unique features that not every provider might offer but that we considered to be nice-to-have options for accounting software. These included multicurrency support, invoicing, bill payment, document management and offering training for the software use. Again, these were judged by whether they were included automatically in the plan, as a paid add-on or not at all.

We selected Square Invoices as the best for businesses processing infrequent transactions because while its rates are transparent and predictable, they aren’t the lowest on the market. Also, you can offer your customers flexible payment options, including buy now, pay later (BNPL), and ACH processing. Square Invoices also integrates with other Square products, such as Square POS and Square Payments.

In this, it’s much like Quicken in that everything you could possibly want in a budgeting package is in Lunch Money. If you’re looking to transition to a financial tool that will help you (as in help you make the change, not just record expenses), you should take a look at YNAB. If you’re tired of Quicken, its support and sync issues, and want a suitable free alternative or replacement – we tried some options, and here are our favorites. I was a fan of Quicken, but let’s accept reality – Quicken breaks a lot. It doesn’t sync your accounts randomly sometimes, you have password problems, screens that should appear are blank or lag, and it’s not a great user experience. Some or all of the card offers that appear on the are from advertisers and may impact how and where card products appear on the site.

What Is Bookkeeping and What Does a Bookkeeper Do?

The solution can support tracking budgets by programs or funds, donor management, grant management, financial reporting, bank reconciliations, and more. Start-ups and other small nonprofit organizations want to ensure their basic needs are met while keeping costs down as much as possible. This requires basic income and expense tracking in a general ledger, managing your money via bank reconciliation, and using proper reporting tools to stay compliant with the IRS.

However, the free plan does allow you to upload your banking transactions from a CSV file. Its inventory and project features are almost non-existent, so it took a hit there as well. While the platform is fairly easy to use, its mobile app and integrations are lacking. These are all features that QuickBooks Online offers, as well as the ability to track using classes and locations.

The simplicity of accounting package OneUp makes a lot of sense if you’re after a straightforward solution. This isn’t just an accounting package either, because while you can do your bookkeeping with OneUp, the software is also able to assist you with invoicing, inventory management, and also CRM needs. If you’re a business that specialises in selling products rather than services, you’ll want to check out Spendwise. This is a very practical solution that delivers lots of tools for managing inventory and tracking any type of product range. The basic plan is free and lets you send unlimited invoices, manage unlimited vendors and customers, and check basic reports and supporting connections to one bank. In the UK, Freshbooks has collaborated with Barclays to provide joint bookkeeping solutions for customers, offering new ways to help with invoicing and wider business management tasks.

Wave: Best Free QuickBooks Alternative

It features double-entry accounting (every transaction must debit one account and credit another), which is effective but will require an adjustment if you’re not used to it. GoodBudget is a free budgeting app based on the envelope budgeting method. Envelope budgeting is when you set aside a prescribed amount for each category of spending, then spend it down each month. In zero-based budgeting, you assign every dollar to a category (or job, in YNAB parlance). It’s a level of rigor that can be refreshing or restricting, depending on your personality.

They support practically every operating system you can imagine – everything from Windows to Android to iOS devices like the iPhone and iPad – and it’ll sync them in real-time. Lastly, it offers payroll providers in maryland QIF importing, so you can import your Quicken files, plus OFX (Open Financial Exchange) protocol. So you can pull in your data if your bank offers you the ability to export transactions.

Best for Established Businesses

We’ve leveraged over 25 years of software review expertise to craft this guide to the top accounting software for nonprofits. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. A simple low-cost double-entry accounting software that operates completely offline. If you’re interested in exploring online accounting software, you can convert QuickBooks Desktop to QuickBooks Online. Our top picks for security are AccountEdge Pro and DENALI Business+Accounting.

So, you’re likely to find a free plan, which would be suitable for an individual, but you’ll have limits on the number of invoices you can send or you may have no access to advanced features. Even at the lowest tier, QuickBooks Desktop and QuickBooks Online can be pricey choices compared to alternatives. QuickBooks also doesn’t provide adequate support for new users on the lower-priced plans.

Aplos covers donation tracking and event registration, providing integrated online donation forms and detailed reporting capabilities. It also features a detailed donor database with customizable profiles, segmentation tools, and integration with email providers for personalized communication. Aplos accepts a wide range of payment methods, including credit/debit cards and ACH electronic checks. Its bank account integration ensures seamless payment deposit and reconciliation, with competitive transaction fees and volume discounts ideal for smaller, budget-conscious organizations. Described as the world’s simplest bookkeeping software, LedgerLite provides double-entry accounting to Windows users.

This is most apparent at smaller, volunteer-run nonprofits that “do the books” manually or with Excel spreadsheets. Non-cloud accounting software also provides users with greater control over their data. Since the software is installed locally, businesses have complete ownership and control over their financial information. This eliminates concerns about data privacy and security breaches that may arise when using cloud-based accounting software, where data is stored on external servers. We selected Invoicera as the best standalone invoicing software as an alternative to QuickBooks because its features can be customized to the needs of your business. It offers a comprehensive set of invoicing features that allow you to create custom invoices, automate recurring billing, manage expenses, and handle multiple currencies.

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