As a small business owner, you have to be aware of the importance of having the best accounting software by your side if you want your business to thrive. Entrepreneurs have many things to worry about, but bookkeeping shouldn’t be one of them. That’s why we are here, to help you find the best accounting software, and we have narrowed down our selection to HoneyBook vs QuickBooks vs LessAccounting. Let’s see who will come out as a winner.

A Quick Overview of the Things You Should Know About Each Accounting Software Before Making a Decision

HoneyBook Vs QuickBooks Vs LessAccounting

Dealing with expenses, invoices, and transaction fees probably is not a favorite part of entrepreneurship for many creative professionals. It is not just about jumping into the unknown but about taking care of a very important and financial aspect of the job.

That’s why you need a powerful tool that will take care of bookkeeping and give its users peace of mind. To give you a helping hand, we have narrowed down our options to these three accounting software and will now introduce you to each one of them before we reveal our favorite.

LessAccounting

Although it was created in 2011, LessAccounting quickly gained the trust of many entrepreneurs due to its reliability, set of useful features, user-friendly interface, and the fact that it managed to simplify a rather complicated number of processes. Of course, the vast number of positive and genuine user reviews also contributed to the hype.

It is particularly suitable for freelancers and small business owners, but the reality is that anyone can try it and see for themselves if LessAccounting is the right choice for them. Are you ready to do less accounting than necessary? Then give LessAccounting a shot because there is even a free trial.

Pros

  • Sending unlimited and recurring invoices,
  • Cash flow tracking,
  • Inventory management,
  • Unlimited bank account and credit card connections,
  • Multi-currency bank account,
  • Expense tracking.

Cons

  •  Doesn’t have a mobile app,
  •  Limited templates.

Prices

LessAccounting offers three different pricing plans:

  • Free – a completely free monthly plan that includes only unlimited invoices,
  • Lite – $24 per month, great for any freelancer,
  • Team – $36 per month, recommended for growing businesses.

For all plans, a 30-day free trial period is available.

LessAccounting Is Best for?

Whether you’re a freelancer or a business owner, LessAccounting could be just the perfect fit for you. Since there is a free trial, you basically can’t make a mistake, and we highly doubt you will decide to discontinue your subscription once the free period is over. LessAccounting comes with everything one might need to handle accounting like a pro.

HoneyBook

HoneyBook Vs QuickBooks Vs LessAccounting

Another relatively new brand on the market is HoneyBook, founded in 2013. They focus on service-based small businesses and strive to help them thrive by taking care of all those daunting administrative tasks instead of them.

From invoicing to payment management, HoneyBook covers it all, and in case you need any help, their great customer support will be waiting for your call. So, what sets this service provider aside from others? Let’s take a look at their features to get a better idea of what you’re getting if you open a HoneyBook account.

Pros

  • Creating a custom branded invoice,
  • Accepting pretty much any type of bank transfer or card,
  • Use templates to create an online contract,
  • Automated workflow,
  • Proposal file (combining invoice, contract, and payment in one).

Cons

  • Lack of a free version,
  • The app is not working as well as the desktop version,
  • Integrations.

Pricing

HoneyBook comes with only two plans, a monthly and a yearly one, and the only difference is in the price, both plans come with all features included.

  • Unlimited monthly – $39 per month,
  • Unlimited annual – $390 yearly.

Although it is not the cheapest option on the market, HoneyBook does offer a free trial, so you can test it before committing long-term.

HoneyBook Is Best for?

Most HoneyBook templates are designed with marketing and social media businesses in mind, which is not everyone’s cup of tea. Also, although with its features, HoneyBook seems very attractive, it is the price that will make many hesitate and actually make a commitment.

That’s why HoneyBook is usually preferred among growing small businesses and those who can afford to invest a bit more. When you do the maths, it is obvious that the yearly plan pays off more because you get two months for free, basically.

QuickBooks

HoneyBook Vs QuickBooks Vs LessAccounting

A true veteran in this field, QuickBooks was founded back in 1983. With decades of experience, it could be safe to say that with QuickBooks online accounting software, you can hardly go wrong. They are oriented towards smaller and mid-sized businesses, and they still manage to maintain their reputation in the industry.

Despite their prominence, many are searching for better alternatives to QuickBooks since there is plenty of fish in the sea. However, QuickBooks is not outdated, and it should not be written off with ease because they still provide reliable service and have multiple clients that have been faithful to them for years. Let’s see what you can get if you open a QuickBooks account.

Pros

  • Unlimited invoicing,
  • Multi-currency,
  • Project management,
  • Task management,
  • Client management tool.

Cons

  • Lack of inventory features,
  • A limited number of users,
  • No invoice design tools.

Pricing

QuickBooks platform comes with three different pricing models, which can be billed monthly or annually.

  • Simple start – $8 per month,
  • Essentials – $11,75 per month,
  • Plus – $16 per month.

All plans are different in terms of what they include, but the good news is that a 30-day free trial is available for each plan.

QuickBooks Is Best for?

Choosing QuickBooks could be a no-brainer, it is relatively affordable and reliable, integration is easy, and every client is more than satisfied with its services. However, many prefer to opt for more contemporary solutions and believe that there might be something better out there. 

The thing is, QuickBooks does have certain limitations, such as file size, number of transactions, and users, since it is mostly built for small businesses. However, all small businesses dream of getting bigger, so eventually, you might outgrow QuickBooks.

HoneyBook Vs QuickBooks Vs LessAccounting – Which One You Should Choose?

Whether you just want to send an invoice with ease or want a more sophisticated client management tool, a platform that will give you all that and much more is LessAccounting. It is very straightforward to use, beginner-friendly, and it will help you keep your books on point. And who knows, you might even start to like accounting once you realize how easy it can be.