TOP 5 Accounting Software For Small Businesses 2024 - Quickbooks vs xero vs freshbooks vs wave

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TOP 5 Accounting Software For Small Businesses 2024 - Quickbooks vs xero vs freshbooks vs wave

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Күн бұрын

Try Freshbooks with FREE trial here:
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Get QUICKBOOKS at DISCOUNTED PRICE Here:
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Пікірлер: 83

@VSiedow 2 жыл бұрын

A big problem with Quickbooks is that it's very easy to set up, but often WRONG. You can go along for ages without knowing it's wrong and you're in a world of hurt. It's too expensive, and mainly pushed because accountants get a large residual income for signing you up.

@tomaitoe Жыл бұрын

Wow, this is the first I am hearing of this. Wrong in what ways?

@Jojobinks9898 Жыл бұрын

Yeah they offered me 75% off for the first 3 months, which is very attractive if you’re just starting out. I wanted to use an excel spreadsheet and save receipts for each expense and income. Just so I have my own personal to cross reference with my accounting software

@invinciblewellbeing557 Жыл бұрын

How do they get residual income? @@Jojobinks9898

@OoLenny40oO 3 ай бұрын

It also doesn't suit me here in Ireland, as if I want to allow clients to pay me directly through the invoice, it doesn't have that feature in Europe. I can just put my IBAN/account number in the invoice notes. Which can generally be fine, but it's another source of friction for when trying to close a sale for a prospect that may be on a call with me. These details matter.

@Ahmed92500 Ай бұрын

@@OoLenny40oOlook for sage 50

@Kaizen671 3 жыл бұрын

This helped. If you’re in business, investing in the language of your business (accounting) is critical. $20-50/mo negligible in comparison to what it does for your business. If that is too much, you don’t have a business, you have a hobby imo

@chuckm482 6 ай бұрын

$50 a month = $600 a year = $6,000 in ten years. NO THANKS! Just give me a one time urchase like they use to not that long ago. THEY are NOT the dumb ones!

@Kaizen671 6 ай бұрын

@@chuckm482 6K in 10 years to have your business finances in order and most accounting functions automated is honestly nothing.

@traianivanescu24 4 ай бұрын

@@chuckm482price is relative to the cost of not paying it.

@kreon1004 2 жыл бұрын

Note with QBO: If you want a most basic feature - marking an expense as billable and invoicing it back to a client - you must buy a premium plan with Quickbooks that gives you hundreds of features you don't care about. It's like a ruse - such a basic feature "billable expenses" singled out to push you into a higher plan...

@pierre-oliviergagne1591 Жыл бұрын

Started my Quickbook account today and already looking for another option because of this. This is so ridiculous...

@schmingusss 2 жыл бұрын

I just want to be able to pay for good accounting software up front and not have to pay recurring monthly/yearly payments. One payment and done. Like in the old days.

@Ahmed92500 Ай бұрын

Buy sage 50 us from authorized reseller

@mdrouin100 2 жыл бұрын

Thanks a lot, Marcus. Great and very instructive video. Do you know any accounting software that you can carry with a memory stick. The ones in your video are probably all on the internet Cloud. I think we need to consider more decentralised and individual software that we can own and use without being on the internet. What do you think? Thank you again.

@21earlthepearl 3 жыл бұрын

It was very helpful to see the visual comparison of the different platforms. I use QuickBooks for my clients, but wanted to see what the other options are. I think I will start offering Wave as well to the clients who have the most simple needs and have limited money to spend. Xero looks very text-heavy without much for people who want to see data displayed visually.

@KnowledgeByMarcus 3 жыл бұрын

thanks! yeah thats a good choice good luck!

@ModernJewelryMakers 3 жыл бұрын

I’m never going to be invoicing clients - maybe I just need to use a basic spreadsheet? I don’t know how to do any of this stuff but I have to know where my money is coming from ( what part of my business) and then where it’s going - that’s it

@gedenirfiorese3523 2 жыл бұрын

Consider buying those simple physical bookkeeping books on amazing. Write everything down on hand, and take a picture of scan into a document in case you lose it. Most are simple and straightforward for taxes

@deathbeforepopcountry Жыл бұрын

Quickbooks is horrible for small business. Super expensive and you're constantly being forced to change security which in turn causes its own problems. Try cancelling is a major hassle. They will do everything to force you to stay on the phone with a guy you can barely understand. YUCK...

@sg3-h7u 3 жыл бұрын

Love Quickbooks! Just wish it wasn’t so expensive or wished they offered a free version🤷‍♀️ Also Love that you can send everything to turbo tax with 1 click when it’s tax time

@ytaca307 2 жыл бұрын

I like wave its very easy to use.

@BestYears2BestPlaces 2 жыл бұрын

we just need a software to manage payments/receipts from multiple sources and coding them to various cost centers. We do need multiple data fields to add detailed information. What software do you recommend. Do quickbooks support multiple data fields to be added to payments?

@SharipovAbrorbek 2 жыл бұрын

Thank you, Marcus. This is a nice review. I really found answers to all my questions.

@AMRASLEARNING 2 жыл бұрын

Best topic for accounting professionals and last massage very useful. Thanks

@Good-Great 2 жыл бұрын

Thanks a lot for this video, I am using Vypar, an Indian software but it misses automatic profit distribution at the end of month among partners, don't have drawing option, no option for provision for bad debts. Moreover purchase of an asset is missing, depreciation of assets is not available. Can you please suggest a software which covers these things?

@DROIDFARM 2 жыл бұрын

Thank you from Texas!

@jaymali8516 2 жыл бұрын

Thanks for the video man, I'm gonna go with Quickbooks using your link ;)

@sonochinos 3 жыл бұрын

Great video! I have only recented started but I think that last minute of advice was very helpful!

@HouseOfMoy Ай бұрын

As a 1st time business owner how can I get spreed sheets without using a accountant software for mow? I am a beginner just starting out. Thank you!

@rockjrca Жыл бұрын

its crazy how at the time of this video Quickbooks was only $35 for the top plan...now 2 years laters its 10x that at $200! smh

@syedmahboob5045 Жыл бұрын

Great video. Thank you.

@micansito Жыл бұрын

I liked how you explained everything...great work!

@LukeFlegg 8 ай бұрын

Have you literally just renamed the video you made 2 years ago, instead of bothering to update it?

@mrfine00 2 жыл бұрын

I love the CXone commercial

@mjwmontgomery Жыл бұрын

The problem is when your clients change. I might have 10 clients at one time, but over time i might have a couple hundred, so you end up expensive.

@ljhere123 Жыл бұрын

QBO is like Windows, it is time to move on. QBO is always changing, it all of a sudden slides work. Xero is straight forward and easy.

@IMALEGEND_ Жыл бұрын

Great video. Thanks!

@AghaJaswer 3 ай бұрын

if you are mature enough to understand then you use quickbooks desktop on a dell r420 server with windows server 2016 or 2019 on it and host the file in your network there is no better approach for serious and complex accounting like manufactures or whole sellers or any medium sized company, quickbooks online cant stand a chance against quickbooks desktop in terms of robustness

@indasiasummerfield4308 2 жыл бұрын

I’m selling products and service and wouldn’t mind also being able to track inventory. Which one do you suggest?

@Cherry-bl5dh Ай бұрын

As a bookeeper, I personally suggest using xero.

@shotbyarian 2 жыл бұрын

waves is only available in us and canada .. not for europe

@PatriciaBrooksCourageCatalyst 2 жыл бұрын

Hi Marcus, Thanks for such an informative video. Do you know which of these software systems handle multiple businesses in multiple countries and currencies? I've got a business in the USA and used Waveapps, but I will be creating a new one in France and Waveapps doesn't support French businesses. Thanks.

@KnowledgeByMarcus 2 жыл бұрын

Maybe quickbooks? Good luck with expansion!! Go get them :-)))

@AnupJana-fv1yc 6 ай бұрын

Dear sir, please make review video about gofrugal software and peddle plus.

@rufaiajala 3 жыл бұрын

Thanks for this video and breakdown

@abdullahal4574 2 жыл бұрын

Nice Video.

@Robin-Feldman 6 ай бұрын

Can QuickBooks automatically calculate profits for each sale the comes in from Amazon, eBay and Etsy?

@carlosrivas3004 3 ай бұрын

How is it that this video was posted three years ago and it is focused on 2024?

@TheCapitalistKT 7 ай бұрын

Thanks a lot. Nice video. I want to buy a program cause l want to see basic reports.

@altafmubarak 2 жыл бұрын

In wave do we have tax details to fill & delivery note options?

@mahmoudbenmhadheb2372 2 жыл бұрын

Is Software Dynacom is practical and helps the company...?

@umairshah716 2 жыл бұрын

I like zoho account

@sohahomid8018 Жыл бұрын

Its like watching Phoebe from friends do tutorials

@adrianoalves3331 2 жыл бұрын

great video thank you

@pmmedinyane2012 Жыл бұрын

When buying quickbooks online, after installing the software does it has other currencies like Botswana. Or I'm going to need an IT technician to help?

@me9061 3 жыл бұрын

Great video!

@mannybadillo1 2 жыл бұрын

Very informative, but most accountants in the US are NOT using quickbooks. lols

@LukeFlegg 8 ай бұрын

How is QBO "plus" only $34 for you? It's about $48 for me! (£38) I guess your video is at least 2 years old..

@bryanadu9808 2 жыл бұрын

what about the stock management functions of these softwares?

@khigashida804 2 жыл бұрын

Avid watcher of your youtube clips! looking to digitize a biz across the board from implementing an accounting software, CRM, POS and inventory management software... how would you suggest we got about selecting an end to end retail management software? given we are dealing with perishables , I wonder how much I should favor software tailor made for that space (i.e., to help us better handle spoilage) vs. industry leaders like the ones you mentioned? also, given my desire for these software to speak to each other without manual intervention, is there a setup you would recommend?

@erpaccountingsoftware-pwho1169 Жыл бұрын

Good video

@heidilehman9009 3 жыл бұрын

What was the name of the tracking software you mentioned to add to Waze???

@KnowledgeByMarcus 3 жыл бұрын

Clockify :)

@heidilehman9009 3 жыл бұрын

@@KnowledgeByMarcus thank you! :-) and thank you for your quick reply!! I am a newbie digital marketer and haven’t had any paying clients yet. I am trying to set up everything so I will be prepared. I keep hearing about the softwares that allow you to track. But what is the reason for tracking and do we really need it?

@KnowledgeByMarcus 3 жыл бұрын

@@heidilehman9009 everything is alright! Its really good if you want to track how much time you actually spend on client.. so lets say you will get hired for copywriting 30bucks an hour, its about being transparent that you would track time spent on project. also lets say you would have multiple projects and you would jump from 1 project to another on in a day.. its good to be able to track it.. cause you gonna have different pay for those projects.. and you dont want to be in position in end of the month trying to figure out how much actuall time you spent on project :D but when you use clockify it will track everything for you and you can even use it as a credibility and proof for client how much time you spent on specific tasks... I know its long reply but it is what it is :D hope I helped

@heidilehman9009 3 жыл бұрын

@@KnowledgeByMarcus ahh ok. Thank you for this great explanation! Well, I don’t have plans to charge by the hour. I would charge either a onetime payment for a service ie website design, or I will be charging a monthly fee for chatbots or videos etc. So would I still need tracking for these type of payments?

@KnowledgeByMarcus 3 жыл бұрын

@@heidilehman9009 I mean its good for you for tracking how much time you actually spend for tasks so maybe you can be more effective? in your case maybe it would be just for you. :-)

@sherinashrf4781 3 жыл бұрын

Wave stop in qatar ?

@ashishmatai133 3 жыл бұрын

Best video on this topic👌🏻.

@KnowledgeByMarcus 3 жыл бұрын

thanks!

@stoneyislandranch9783 3 жыл бұрын

Can you do bank feeds for past months

@CIDteenie 2 жыл бұрын

Omigoodness this was absolutely amazing ❤️❤️❤️❤️❤️❤️

@pricelessstaff331 Жыл бұрын

Is there any way you can help me with a call ill pay you, I cant find a software that allows me to have a POS, INVENTORY AND ACCOUNTING in the same place

@boulderpicks9759 2 жыл бұрын

I do'n't like quickbooks - to slow

@agredo 7 ай бұрын

QB sucks ! what is why looking this video to find something better

@UweDreiss Жыл бұрын

Wave is free, but a year or so ago decided to stop supporting UK businesses. Quickbooks is not the most user-friendly in my opinion. If you're after a fully-fledged accounting package I'd go with Xero. In case an invoicing and expense tracking tool (light accounting) is enough, I'd go with InvoiceBerry as it has less of a learning curve and is more affordable, too.