Author Topic: Is anyone using Wave or Freshbooks instead of Quickbooks?  (Read 1032 times)

lifejoy

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Is anyone using Wave or Freshbooks instead of Quickbooks?
« on: March 10, 2019, 02:22:56 PM »
I'm starting a small jewelry business, sole proprietorship, I'm the only employee. Main functionality I need is to create invoices and to receive payment, and to have good enough accounting that my taxes are going to be fine to handle at the end of the year.

Thanks in advance for chiming in!

FindingFI

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Re: Is anyone using Wave or Freshbooks instead of Quickbooks?
« Reply #1 on: March 20, 2019, 10:23:24 AM »
My husband and I are in the same boat trying to select an accounting system. We are also the only employees and are looking for the same features. Sadly, I don't have any advice to contribute, but hopefully someone else will!

oldtoyota

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Re: Is anyone using Wave or Freshbooks instead of Quickbooks?
« Reply #2 on: March 20, 2019, 08:16:11 PM »
I use Freshbooks and it's perfect for what I need. I can track profit and loss and quickly provide the reports my accountant needs to tell me how much to save in my 401K, etc.

Richie Poor

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Re: Is anyone using Wave or Freshbooks instead of Quickbooks?
« Reply #3 on: March 21, 2019, 03:33:14 PM »
I use Wave for my S-corp. I'm a contractor/consultant so my needs are extremely basic. It has suited me well and saved the added expense of quickbooks online. I printed out balance sheets and profit/loss statements at the end of the year for my CPA and they didn't seem to mind.

oldtoyota

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Re: Is anyone using Wave or Freshbooks instead of Quickbooks?
« Reply #4 on: March 22, 2019, 06:46:37 PM »
I thought of something to add about Freshbooks.

I have loved it and recommended it a lot over the years. Well, my business is shifting a bit, and I may eventually move away from Freshbooks.

Why?

It's focused on invoicing one client at a time. If you teach group classes or have other income sources, you can only enter them if you create a "client."

I bet other systems would allow more flexibility in this area.

August26th

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Re: Is anyone using Wave or Freshbooks instead of Quickbooks?
« Reply #5 on: March 27, 2019, 08:54:05 PM »
My husband has a small handyman business, and he uses the free version of Wave. He only creates estimates and sends invoices through the software, and he also accepts credit card payments through it. Heís a one man show and itís all he needs.

BruceWayne

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Re: Is anyone using Wave or Freshbooks instead of Quickbooks?
« Reply #6 on: May 03, 2019, 09:29:54 PM »
I use Wave.  Itís perfect for my simple needs.  I use it to track and categorize transactions and send invoices.  I do not collect payments through it, however.

lifejoy

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Re: Is anyone using Wave or Freshbooks instead of Quickbooks?
« Reply #7 on: May 18, 2019, 09:35:53 PM »
Interesting. Maybe I will try Wave. My bank has partnered with Wave.

ElleFiji

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Re: Is anyone using Wave or Freshbooks instead of Quickbooks?
« Reply #8 on: May 19, 2019, 04:49:47 AM »
I used fresh books briefly, but their pricing structure didn't make sense for my business. They were very easy to use.

Also they billed USD, but had only a Canadian office listed and I could easily walk to it. And they didn't specify USD at checkout or anywhere else. Which is fine if it's a US company. But bs if they are Canadian.