Freshbooks vs Accountect Comparison

96% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Freshbooks

Accounting Software

4.3 3,302 user ratings

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78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Accountect

Accounting Software

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Overview

Description	An accounting software focused on providing expert accounting services to small scale businesses. It is best suited for self-employed professionals, small scale agencies, firms and consultancies. The software expertise in handling accounting tasks related to billing, invoicing and expense tracking. Freshbooks time tracking feature will provide you information so that you can invoice your bill for exactly what you’re worth. This easy-to-use software also provides a mobile app which allows you to keep a check on the accounting processes all the time. Freshbooks was awarded as “Leader in the Fall 2017 Small-Business Accounting Grid Report” based on customer satisfaction and market presence. Read more	Accountect is revolutionizing the accounting landscape with its Connected Accounting platform. This innovative software seamlessly connects vendors and customers, enabling real-time collaboration. By allowing the sharing of transactions and documents, Accountect ensures instant account updates and reconciliation, dramatically saving work hours and boosting operational efficiency. Users can manage their finances effortlessly with features like real-time transaction alerts, automatic account updates, and instant purchase and expense bill creation from invoices. Additionally, the platform offers a comprehensive sales journal for viewing sales, generating reports, and analyzing patterns. Whether creating sales receipts for individual customers or daily totals, Accountect simplifies every step. Business partners can access their account information in real-time through shareable links, and even those not yet on Accountect can be invited to connect instantly. This platform enhances transparency and drives productivity, making it an invaluable tool for any business looking to streamline its accounting processes and save hundreds of billable hours each month. Consider Accountect for a more connected, efficient, and transparent accounting experience. Read more
Pricing Options	Free Trial Available Starts at $6.3. Offers Custom plan.	Free Trial Available Starts at $8.33. Offers Free-forever plan.
SW Score & Breakdown	96% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 100% Reviews 90% Momentum 70% Popularity 87%	78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 87% Reviews 60% Momentum 64% Popularity 63%
SaaSworthy Awards	# 3 Most Worthy # 3 Fastest Growing	Not Available

Features

Total Features	18 Features	10 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 15 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 7 More - Show Less

Technical Details

Organization Types Supported	Freelancers Large Enterprises Medium Business Small Business	Freelancers Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	Business Hours Online	Business Hours Online
API Support	Available	NA

Reviews & Ratings

User Rating	4.3/5 3,302 user ratings	Not Available
Rating Distribution	Excellent 56.5% Very Good 28.3% Average 5.5% Poor 3.1% Terrible 6.6%	Not Available
User Sentiments	Ease of use, Intuitive Interface, Excellent Customer Support, Robust Reporting Price Increases, Mobile App Issues, Lack of Integrations, Bank Syncing Issues	Not Available
Review Summary	FreshBooks receives positive reviews for its ease of use and user-friendly interface, particularly for invoicing and time tracking. Users appreciate the intuitive design, professional-looking invoices, and the ability to accept payments online. However, some users report issues with the mobile app, bank reconciliation, and limitations in customization options. The pricing structure is also a point of contention, with some users finding it expensive for the features offered. Overall, FreshBooks is well-regarded for its straightforward functionality and effective billing solutions, making it a popular choice for freelancers and small businesses.	Not Available
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Pricing

Pricing Options	Free Trial Available Starts at $6.3. Offers Custom plan.	Free Trial Available Starts at $8.33. Offers Free-forever plan.
Pricing Plans Monthly Plans Annual Plans	Lite $6.30 $6.30 per month Plus $11.40 $11.40 per month Premium $19.50 $19.50 per month Select Custom	Free Free Pro $8.33 $9.99 per month
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