Author Topic: Alternative to Quickbooks, accounting software  (Read 1281 times)

Ben Hogan

  • Stubble
  • **
  • Posts: 104
  • Location: Texas
Alternative to Quickbooks, accounting software
« on: June 25, 2017, 06:26:00 AM »
Are there any good alternatives to Quickbooks, their software is pretty expensive, and are there anything that can do the basic job for a small company and maybe even free these days?


Thanks.

khizr

  • 5 O'Clock Shadow
  • *
  • Posts: 41
  • Age: 36
  • Location: Alabama
Re: Alternative to Quickbooks, accounting software
« Reply #1 on: June 25, 2017, 07:34:41 AM »
I am not aware of anything free I would trust.

I do recommend checking out https://www.xero.com/ as an alternative to quickbooks online though.


CareCPA

  • Bristles
  • ***
  • Posts: 261
  • Location: Northcentral PA
Re: Alternative to Quickbooks, accounting software
« Reply #2 on: June 25, 2017, 02:43:09 PM »
I believe Wave is free, but I have no experience with it.
Most softwares have a very basic option if you just need record keeping. Of course you could track that in excel if your business is small enough.
Always happy to help with tax or accounting questions - feel free to private message me.

I am a licensed CPA in Pennsylvania. However, any tax advice I give should be considered general information and not used in the avoidance of tax. There is most likely information about your situation that I do not know, and thus you should do your own additional research.

Yes, in case it confuses you, I did change my forum name.

SeattleCPA

  • Pencil Stache
  • ****
  • Posts: 826
  • Age: 57
  • Location: Redmond, WA
    • Evergreen Small Business
Re: Alternative to Quickbooks, accounting software
« Reply #3 on: June 28, 2017, 01:18:17 PM »
If you can do the accounting yourself (so don't need help from outside accountant), the desktop software isn't too bad. Consider that you can use a product for several years.
My blog Evergreen Small Business
My free downloadable ebook: Thirteen Word Retirement Plan

FiftyIsTheNewTwenty

  • Stubble
  • **
  • Posts: 112
Re: Alternative to Quickbooks, accounting software
« Reply #4 on: October 26, 2017, 04:32:05 PM »
Another vote for Xero.

For free (and open source) desktop software, I've used GnuCash on and off for years.  It's very basic, but that keeps you mindful of what you're doing.

MsSindy

  • Pencil Stache
  • ****
  • Posts: 524
  • Age: 50
  • Location: Philly Burbs
Re: Alternative to Quickbooks, accounting software
« Reply #5 on: November 02, 2017, 06:27:23 AM »
I just use Excel for my investment business, but then again I don't have a ton of activity.  In a month, I might have 8 bills to track and around 20 incoming transactions that I need to record.  I have one sheet set up for my checking account, then I cross post the item to a ledger for each customer.  Pretty simple.  It helps to know some basic accounting.

tralfamadorian

  • Bristles
  • ***
  • Posts: 433
Re: Alternative to Quickbooks, accounting software
« Reply #6 on: November 02, 2017, 07:24:27 AM »
I've used Wave for the past few years. I wish it was adaptive - ie: "Yes, Wave, for the 1,000th time, a purchase from USPS is postage, not website hosting." But besides that, I like its functionality- pulling transactions from credit and checking accounts, the ability to make custom categories and a variety of reports.

Considering it's free, I'm happy with it and not looking to move to Quickbooks any time soon.

jamesbond007

  • Bristles
  • ***
  • Posts: 340
  • Location: USA
  • One penny at a time.
Re: Alternative to Quickbooks, accounting software
« Reply #7 on: November 15, 2017, 03:14:14 PM »
The desktop software is valid for 3 years. Considering the time it saves (Of course, this depends on the size your business) and potential legal issues you could avoid by automating paying taxes etc. I think QB desktop is a solid value.
FI by 2025.

alwayssummer

  • 5 O'Clock Shadow
  • *
  • Posts: 8
  • Location: Paris
  • My moustache is a beard
Re: Alternative to Quickbooks, accounting software
« Reply #8 on: November 19, 2017, 08:36:04 AM »
I've been using GnuCash for several years and I'm quite happy with it. The learning curve is a little steep, but the price is right.
2 years of mid carreer mini-retirement [2014-2016] and now I'm double motivated for full FIRE.

Michael in ABQ

  • Stubble
  • **
  • Posts: 122
Re: Alternative to Quickbooks, accounting software
« Reply #9 on: November 20, 2017, 11:14:32 AM »
I've heard of FreshBooks but never used it. Looks like it's $15/month ($13.50 if you pay for a year) but they have a 30-day free trial. I tried ZipBooks briefly which is free but it was so so. It did link to my bank account and pull transactions but the business I was going to use it for kind of fizzled out before I got started so I ended up just sticking with Excel and a shoe box with my handful of receipts.   

alwayssummer

  • 5 O'Clock Shadow
  • *
  • Posts: 8
  • Location: Paris
  • My moustache is a beard
Re: Alternative to Quickbooks, accounting software
« Reply #10 on: November 21, 2017, 12:17:06 AM »
I would recommend giving GnuCash a whirl. Again, this is free software, so what do you have to lose?

There's a portable edition (https://portableapps.com/apps/office/gnucash_portable) available, so you can give it a go without even installing it. The UI seems a little clunky, but I assure, it does the stuff accounting software should do.
2 years of mid carreer mini-retirement [2014-2016] and now I'm double motivated for full FIRE.