Best QuickBooks Self-Employed Alternatives
Have you started with your career, in the recent times and don’t know how to find a prefect accounting software as a self-employed individual or a freelancer, you have come to the right place as in this blog we will explore about few Best QuickBooks Self-Employed Alternatives that can help you achieve your desired goals in no time. In this guide we will derive into the features, pricing structure and other necessary components of the accounting software’s, but before that it is important to understand why actually we are looking for these QuickBooks Self-Employed Alternatives, QuickBooks being a popular choice in the accounting software, still lacks in components like pricing and limited feature that makes it an inadequate choice for some of the users, hence they look for alternatives. Now let us explore some of the Best QuickBooks Self-Employed Alternatives.
Odoo
Odoo is an open-source Enterprise Resource Planning software that provides a 360-degree solution for your business. The software covers numerous business applications like accounting, CRM, project management, and inventory management with customization options that make it a scalable solution among the competitors and promotes the growth of an individual. The price structure of Odoo works as another benefit for the user as the software offers a structure that caters various sectors and also provides the community and enterprise version for a better workflow.
Features
Provides Comprehensive Modules: Odoo offers a wide variety of modules like invoicing, expense tracking, project management, and more. That helps in enhancing the workflow.
Customizable Dashboards: Odoo allows the users to create personalized dashboards that gives them an interactive track key metrics.
Integrated Apps: Seamless integration with other Odoo application that creates a strong overall functionality processing
Multi-currency Support: Ideal for freelancers working with international clients.
Advantages
As Odoo is a highly customizable platform, it makes it easy for the client to cater to their specific business needs.
Acts as an all-in-one platform for every business query.
Offers a strong community as it is open source in nature.
Odoo offers a free community version
ZipBooks
ZipBooks, is a user-friendly accounting software that comes as the second option in the list, this software is especially designed for small- scale businesses and freelancers. The software on the other hand offers a free plan that includes some basic features that the user may require for the accounting needs of the firm. The price structure of ZipBooks offers a plan of basic functionalities that starts from $15 per month and goes up with the additional features and customers.
Features
The software allows the users to create and send unlimited invoices according to their business size.
Smart Tagging means automating the categorized expenses of the product or service for an easy tracking.
Time Tracking is another feature offered by the software that is used in billing within the framework.
ZipBooks provide basic Analytics for insights generation into the financial performance.
Advantages
The software gives a free trail of a Free plan with essential features.
Easy to navigate interface
Progressive customer support options
Disadvantage
The software gives a free version but only with a limited features.
Many users come across bugs or glitches while working with the software.
Quicken
Quicken comes on the third position in the list as a personal finance management tool that only caters the small business owners, although the software provides numerous features like budgeting, expense tracking, and invoicing, the software has a high annual cost of $35.99, for just the basic version and $89.99 per year for the premium version. This cost here is also not fixed as is can easily go up with the additional features and customizations.
Features
The software works on automating the Expense Tracking system for an easy bank transactions.
The user has the accessibility to Create and send invoices directly from the app.
Quicken provides Budgeting Tools that Helps the users to generate and monitor budgets spending.
The Investment Tracking Tool is an Ideal solution for freelancers with investment portfolios.
Advantages
Provides personal finance tools with the business features.
Works on in-depth reporting tools for a better analysis of financial health.
User-friendly interface with mobile app support.
Disadvantage
The software has a high annual subscription fee that too comes with limited features hence it may not be ideal for all users.
Higher-priced plans don’t mean an accessibility to all the features.
Patriot Software
The last on the list is Patriot Software focuses that can be defined as an affordable accounting and payroll solutions designed specially for a small businesses and self-employed individuals. The price structure of this software package starts from around $15 per month with an additional costs for payroll services and limited features.
Features
The first key feature of this software would be an ease to use for tracking income and expenses.
Patriot Software creates quick and accurate track payments.
Patriot Software works on seamless payroll integration and payroll processing within the same platform.
Helps the user with Tax Preparation with relevant reports.
Advantages
The price structure is suitable for freelancers.
Easy to setup process with no hidden fees.
Provides various customer support options.
Disadvantages
As the software’s comes under affordable category hence it has a limited advanced features when compared to larger competitors.
Patriot Software may not be the best option for everyone as the interface is too basic and has very few customization option.
FAQs
Do I need accounting software if I am Self-Employed?
Yes, you can use accounting software even if you're self-employed as it can help manage your invoicing processes, track payments seamlessly and generate financial reports.
What else can I use other than QuickBooks as a freelancer.
- Odoo
- ZipBooks
- Quicken
- Patriot Software
- Zoho, etc.
What are the disadvantages of QuickBooks Self-Employed?
QuickBooks, being a popular choice in the accounting software, still lacks in components like pricing and limited feature that make it an inadequate choice for some of the users, hence they look for alternatives.
Can I do bookkeep without QuickBooks?
Yes, we can access bookkeeping even without QuickBooks through Odoo, which provides extensive features without those extra cost like QuickBooks also the software is highly customizable and scalable.
What is Quick Book self-employed?
QuickBooks Self-Employed tool comes under the QuickBooks suit that helps in tracking your income, expenses, mileage, and tax info.
