One of the few disadvantages of being your own boss is that you need to take care of a lot of additional aspects that aren’t strictly connected to your area of expertise. All entrepreneurs, private professionals, and freelancers, for example, need to take care of their accounts and bookkeeping processes.
If you want to avoid mistakes without spending too much time during the day or week tracking your incomes or expenses, accounting software is what you need. Honeybook and Quickbooks are both valid and affordable accounting software options that can help freelancers and small businesses with their bookkeeping processes. They have a lot in common, but in this article, we’re going to focus on their differences so that you can decide which one will work better for you.
Honeybook is a cloud-based accounting software. “Cloud-based” means that while you’re using it as though it was software installed on your computer, it is actually saving all your data and files in the cloud. This way, if you lose, break, or can’t access your computer, you’ll always be able to access your accounting data.
Honeybook provides a dashboard through which you can check all aspects of your business with a glance: sales, pending billing/invoices statistics, and more…
With Honeybook you can generate invoices and share them with your clients.
Not only can you export data from Honeybooks, but you can also import data from different resources.
Honeybook provides access to statistics and allows you to create reports that you can export, save, or share.
With Honeybook you can set up notifications for different purposes so that you don’t miss your deliveries, due dates, deadlines, or payments.
Honeybook can be integrated with additional features from third-party resources. This way you can create a customized version of Honeybooks and optimize your budget.
You can try Honeybook for free for 7 days. This is pretty short, but a free trial is always useful to understand if one service is suitable for your needs before purchasing it. This becomes even more important for Honeybook since it isn’t the most affordable accounting software available.
There are two plans available for this application, however, they both provide the same services. The difference is whether you choose to be billed monthly or annually.
Quickbooks is an accounting software tool that can be suitable for freelancers and small businesses active in many sectors. It also provides some customized assistance (provided by a professional team) al though you need to pay separately for that.
Quickbooks can be connected to your business bank account so that it automatically updates all your transactions. It’s the most effective way to track your income and expenses.
Transactions are not only automatically tracked and updated, but they are also automatically sorted and categorized. If you need to categorize your expenses into – for example – tools, travel, equipment, and so on, this is the most effective way of doing so. The more you automate, the better you can focus on your work.
Quickbooks automatically stores all your receipts.
With Quickbooks, you can easily create reports that you can export and share or save outside the platform.
Quickbooks Live is the additional service you need to purchase if you want professional accounting assistance. When you purchase Quickbooks Live, you always have a member of the team at your disposal: there is a live chat through which you can ask for assistance, recommendation, help, and more…
The premium Quickbooks plans also have some additional advanced features, including the following:
Quickbooks is cheaper than Honeybook, even though it isn’t the most affordable alternative available (for a cheaper alternative see the following section). These are the available Quickbooks plans:
If you want to purchase Quickbooks Live, you need to buy it separately and pay an additional fee.