Freshbooks vs Accounting Seed

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Our analysts compared Freshbooks vs Accounting Seed based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

Freshbooks is a cloud-based accounting software designed for freelancers and small businesses. Its core features include invoicing, expense tracking, online payments, project management, and basic reporting. It's user-friendly and integrates with popular tools like Stripe and PayPal. Freshbooks shines for solopreneurs and small teams seeking a simple, affordable solution to manage basic accounting tasks. Its intuitive interface and mobile app make it accessible even for non-accountants. Users appreciate its automated features like recurring invoices and expense categorization, saving them time and effort. Compared to some competitors, Freshbooks may lack advanced accounting functionalities like inventory management or double-entry bookkeeping. However, its focus on simplicity and ease of use makes it a popular choice for those starting out or needing a lightweight accounting solution. Pricing starts at a reasonable monthly fee and scales based on the number of clients and features needed. This pay-as-you-go model ensures users pay only for what they use, making it a cost-effective option for small businesses.

Pros
  • Easy to use
  • Mobile app access
  • Automated invoicing
  • Online payments
  • Affordable
Cons
  • Limited features
  • No double-entry
  • Price increases with clients
  • Basic reporting
  • Not for large businesses
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Accounting Seed streamlines financial processes for mid-sized to enterprise businesses, particularly those in professional services, non-profits, and project-based industries. Built on the Salesforce platform, it leverages CRM integration and robust customization options to cater to specific needs. Key benefits include automated workflows, multi-currency support, and real-time financial reporting. Popular features range from billing and revenue recognition to inventory management and project accounting. User reviews praise its intuitive interface, scalability, and reporting capabilities. Pricing follows a tiered subscription model based on user count and desired functionality. While considered a premium solution, its feature set and integration capabilities often outweigh the cost for businesses seeking a comprehensive financial management system.

Pros
  • Easy to use interface
  • Robust reporting features
  • Seamless Salesforce integration
  • Customizable dashboards
  • Strong customer support
Cons
  • Limited customization options
  • Occasional bugs or glitches
  • Steeper learning curve for some features
  • Can be slow at times
  • No mobile app
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$4.50 Monthly
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$750 Monthly
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Mobile
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Mobile

Product Assistance

Documentation
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Live Online
Videos
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Videos
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Email
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24/7 Live Support
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24/7 Live Support

Product Insights

  • Improve Efficiency: Automate every routine task such as sending invoice reminders and collecting payments from patrons so users can redirect their attention to cultivating their organization.  
  • Elaborate Reports: Produce in-depth reports that provide critical KPIs, giving users a live snapshot of their business' health and enabling them to make wiser decisions. 
  • Quicker Payments: Initiate simple online payment methods so patrons can quickly make payments and users are compensated faster. 
  • Establish Due Dates: Swiftly inaugurate due dates for invoices with the invoicing module, ensuring patrons are always aware of their payment deadlines. 
  • E-Sign Estimates and Proposals: Permit customers to e-sign estimates and proposals so users may rapidly return to their important tasks.  
  • Increase Accuracy: Prompt bank reconciliations allow users to instantly scan bank accounts and correspond account activity with financial records. 
  • Mobile Availability: Scan receipts, develop sophisticated invoices, respond to customer feedback and more with FreshBooks' mobile app available on iOS and Android devices. 
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  • Better SalesForce Integration: Integrate with SalesForce CRM and use the SalesForce Product Object. Use it as a standalone product if the system is hooked to the complete platform. 
  • Improved Invoicing: Make use of multiple invoice formats with built-in approvals. Set up recurring bills for improved security and compliance and to minimize the possibility of errors. 
  • User-friendly Reporting: Create user-friendly or fully formatted financial reports using SalesForce. Easily track the company’s performance regularly with custom reports. 
  • Time Tracking and Expenses: Manage accounting with built-in time cards. Track and report on expenses using the app. 
  • Better Accessibility: Access and conduct business from anywhere in the world with the mobile app. 
  • Eliminate repetitive tasks: Automate repetitive tasks and personalize the system using point-and-click automation. Leverage the feature to personalize with codes if the automation doesn't work for certain use cases. 
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  • Invoicing: Personalize invoices and thank-you emails with company logos via the invoicing apparatus. Users may request deposits on invoices at the start of a project so they'll have the right amount of funds to financially sponsor a project in its preliminary stages. 
  • Expense Management: Link bank accounts and credit cards to FreshBooks instead of manually inputting data with the expense module. It displays data in real time so users will instantly know where their money is going. 
  • Time Tracking: Manage project and task durations through the time tracking feature. It's equipped with a timer that accurately records a time log of tasks that easily appears on invoices. Users may also see how their employees spend their time from completed responsibilities to arising issues to address before they become major problems. 
  • Project Management: Store files and vital attachments in the centralized project management accessory, enabling teams to efficiently find what they need so they can get right back to high-caliber tasks. Users may also allocate project deadlines, share images and files through FreshBooks and even designate rates or hours to particular projects.  
  • Estimates: Produce adjustable proposals in addition to outlining a project's extent, timeline and necessary deliverables. Users may quickly transform estimates into invoices and permit their clientele to validate estimates online. This tool also allows users to send invoices in different currencies and add discounts. 
  • Accounting: Receive precise profit and loss calculations and effortlessly share valuable financial data and reporting information with accountants. This module streamlines bank reconciliations by importing and arranging financial transactions, validating or revising automated matching recommendations and drafting and exporting Excel-friendly summary reports.  
  • Reports: Color-code spending breakdowns and obtain profit and loss reports with the reporting attribute. Users may save, export and even print financial reports for their accountants. This tool also enables users to have a headache-free tax season because it stores valuable data such as money earned to taxes that have already been paid off.  
  • Payments: Initiate various payment options such as VISA, MasterCard, AMEX and Apple Pay with the payment feature. This tool also instantly creates payments, collects reports, activates quick and painless bank deposits, requests deposits and provides payment schedules and partial payments for client flexibility. It also automatically sends receipts to patrons. 
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  • Billing: Create an invoice, start a project or make a recurring billing plan without tedious integration. Customize recurring billing to business requirements. Configure and personalize the system for simple, smarter billing and payment management. 
    • Bookkeeping: Make sure that the business has relevant tax data and error-free and consistent bookkeeping with Avalara. Ensure seamless high-level security transactions without any fee structure with Stripe. Manage billing at the contract level by monitoring past, present and future activity. Make billing simpler with automatic subscription renewals. 
  • Accounts Receivable: Bridge the gap between invoices and payment cycle for a productive cash flow. Automate collection notices and monitor customer activities, aging balances in real-time with configurable dashboards and reports. 
    • Single-View Visibility: Maintain visibility of the project lifecycle and manage customer communication with custom processes. Compile accounts receivable data from any date or time and gain real-time visibility. Get a single view of billing quotes and incoming sales orders. Eliminate the need for repetitive billing work and get paid faster. 
  • Revenue Recognition: Free up the finance department’s time with a CRM-integrated customizable revenue management system. Enhance financial accuracy and make well-informed decisions by recognizing patterns, establishing connections and classifying financial data. 
    • Customizable Accounts Receivable: Customize accounts receivable for revenue recognition based on policies and procedures to ensure an efficient process. Streamline business workflow by automating revenue recognition. Minimize dependency on multiple IT resources with custom configuration. Record and edit contracts natively without the need of any additional integration software. 
  • Recurring Payments: Eliminate repetitive manual calculation with usage-based billing and built-in tiered payments. Customize the solution according to the business model. Make single or batch billing records from single or multiple sales opportunities. Create invoices from sales orders at any stage of completion with a click. Use time cards or expense reports to create bills. 
  • Paying Vendors: Customize the purchasing process and link a purchase order with a manufacturing or construction order as the business demands. Analyze stock level and purchase inventory without the hassle of integration points. Make transactions easier with the connectivity to over 14,500 banks and credit card companies. 
  • General Ledger: Gain complete control of charts of accounts set up with the analytical and intuitive financial management software. Manage user configuration without coding or customization and automate back-office operations with ease. 
  • Multi-Currency: Pay foreign vendors and receive payments in any currency. Keep track of the gain and losses based on fluctuations in the exchange rates with the standard pronouncements. Save time and money by automating conversions for transactions. Create compliant reports in multiple currencies. Minimize the possibility of errors with automated financial consolidation tools. 
  • Multi-Company: Manage budget for multiple companies in a single database. Share sales quotes and opportunities, vendors, charts of accounts, projects and accounting periods between different entities. Get real-time insights by switching between companies and local account views. Boost visibility and control with flexible, multi-company reports. 
  • Bank Reconciliation: Clear bank transactions and make quick reconciliations with minimal data entry using Bank Direct Connect. Ensure correct and up-to-date information by tracking changes with the audit trail function. 
    • Statement Management: Get statements from any bank and reconcile checking, savings and credit card accounts. Efficiently manage bank errors, keep an eye for frauds and maintain accurate cash flow. 
  • Sales Order Management: Save time and money with a streamlined sales order process. Make a sales order from the inventory in the CRM. Reserve products for a particular customer’s orders by designating the items. Capture packaging and shipping details from a single interface. 
    • Purchase Orders: Generate purchase orders directly from sales. Monitor and manage warehouse and inventory directly into one integrated system. Build a customized solution with kitting, serialized and non-serialized inventory, historical inventory balance reporting, multi-warehouse and multi-location environments. 
  • Project Accounting: Consolidate general ledger and project accounting into one system. Eliminate confusion and wasted time with an integrated general ledger and connected project system. Manage resources and gain rich insights from the financial reporting dashboards. 
    • Project Tracking: Keep track of the individual project and monitor overall business health. Analyze past projects and make the right project bid. Effectively track and manage the lifecycle of the project from beginning till the end. 
  • Tax Accounting: Organize and store accounting data in one cloud-based platform. Ensure compliance, accuracy and efficiency with Avalara integration, providing 360-degree sales tax compliance control. 
    • Real-time Data: Get access to financial data in real-time and gain optimal flexibility for VAT reporting, tax calculation. Get an automatic sales tax calculator. Create VAT returns with Avalara VAT reporting and digitally transmit it to the tax authorities. 
  • Data Security: Keep data safe with secure API, strong SalesForce IT infrastructure, two-factor authentication, user permissions, real-time event monitoring. Make sure your business is safe and the data is secure with a reliable, flexible solution. 
  • Point and Click Configuration: Create translation for the configuration with the translation workbench. Update data fields with workflow rules and process builders. 
  • Integration: Credit disbursement, collection tracking and customer interaction can be managed with SalesForce CRM integration, while Stripe integration helps with online payment collection. 
  • Drag-and-Drop: Drag-and-drop editing allows the managed reports configuration allowing for a future data export to Excel. Track expenses, reports and budgets with a consolidated general ledger. 
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Product Ranking

#2

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Accounting Software

#281

among all
Accounting Software

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Analyst Rating Summary

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100
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100
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Platform Security
Project Accounting
Tax Management
Financial Statements and Revenue Management
Journal Entries
Accounts Payable
Banking and Cash Management
Financial Statements and Revenue Management
General Ledger and Chart of Accounts
Journal Entries

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Freshbooks
Accounting Seed
+ Add Product + Add Product
Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 94 94 73 86 98 75 88 81 97 97 49 89 100 92 100 100 85 100 91 100 100 69 94 100 100 73 89 100 90 96 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

67%
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User Sentiment Summary

Excellent User Sentiment 4096 reviews
Great User Sentiment 337 reviews
90%
of users recommend this product

Freshbooks has a 'excellent' User Satisfaction Rating of 90% when considering 4096 user reviews from 4 recognized software review sites.

84%
of users recommend this product

Accounting Seed has a 'great' User Satisfaction Rating of 84% when considering 337 user reviews from 4 recognized software review sites.

4.8 (28)
n/a
4.6 (586)
4.2 (25)
4.5 (3332)
4.4 (127)
n/a
4.1 (151)
4.0 (150)
4.1 (34)

Awards

Freshbooks stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

SelectHub research analysts have evaluated Accounting Seed and concluded it earns best-in-class honors for Accounts Payable and Mobile Support.

Accounts Payable Award
Mobile Support Award

Synopsis of User Ratings and Reviews

Customer Support: Approximately 89% of users that mentioned it in their review said customer support is supportive, helpful and quick to respond to issues.
Appliances: Precisely 58% of users that discussed the system functionalities enjoyed this program's appliances because they can create clean reports, set up repeating invoices, and add and manage credit cards.
Simple and intuitive interface: Freshbooks' clean layout and straightforward navigation make it easy for even non-accountants to manage their finances.
Time-saving features: Automated invoicing, expense categorization, and online payments let users save time and effort on routine accounting tasks.
Mobile app for on-the-go management: Access invoices, track expenses, and manage clients from smartphones or tablets, ensuring flexibility and productivity.
Affordable plans for growing businesses: Choose a plan that scales with your needs and budget, with options starting at an accessible price point.
Seamless integrations with popular tools: Streamline workflows by connecting Freshbooks with tools like Stripe, PayPal, and Google Workspace, centralizing financial data.
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Streamlined Workflows: Automates tasks, reduces manual data entry.
Seamless Salesforce Integration: Unifies financial and customer data.
Real-time Insights: Provides instant visibility into key metrics.
Improved Reporting: Customizable dashboards and reports for better decision-making.
Scalability and Flexibility: Adapts to growing businesses and diverse needs.
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Limited features for complex accounting: Freshbooks may not handle advanced accounting needs like inventory management, double-entry bookkeeping, or fixed assets.
Not ideal for large businesses: As businesses grow, Freshbooks' scalability and feature set might become insufficient for complex financial operations.
Price increases with client base: The cost of Freshbooks can rise significantly as you add more clients, potentially exceeding initial budget expectations.
Basic reporting and analytics: Freshbooks' reporting capabilities may be insufficient for businesses requiring in-depth financial analysis and data insights.
Limited customer support for free plans: Free trial and Lite plan users might have limited access to customer support, potentially hindering troubleshooting and issue resolution.
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Limited Customization Options: May not fully adapt to specific needs.
Occasional Bugs or Glitches: Can disrupt workflows and require support.
Steeper Learning Curve for Some Features: Complex functionalities might require training.
Can Be Slow at Times: Performance issues can impact user experience.
No Mobile App: Lacks on-the-go access and data management.
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Freshbooks emerges from user reviews as a reliable and user-friendly accounting solution for solopreneurs and small businesses. Its intuitive interface, mobile app access, and automated features like invoicing and online payments are consistently praised for saving time and streamlining workflows. Compared to competitors like QuickBooks, users appreciate Freshbooks' ease of use for non-accountants, while acknowledging its limitations in advanced functionalities like double-entry bookkeeping or inventory management. This makes it ideal for those starting out or needing a lightweight accounting solution, but potentially less suitable for complex financial needs as businesses grow. Another key differentiator for Freshbooks is its affordability, with tiered plans starting at an attractive price point. However, user reviews also highlight a potential drawback: as client bases expand, so does the cost, which can become a concern for some users. Additionally, while basic reporting and analytics are included, users seeking in-depth data analysis may find Freshbooks' capabilities limited compared to more robust competitors. Overall, user reviews paint a picture of Freshbooks as a user-friendly and affordable accounting solution for solopreneurs and small businesses seeking to simplify their financial management. Its strengths lie in ease of use, automation, and mobile access, while its limitations emerge in advanced features and scalability for larger businesses. Ultimately, the decision to choose Freshbooks hinges on individual needs and priorities, with users emphasizing the importance of weighing its strengths against its limitations to ensure a perfect fit.

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Accounting Seed users share a love-hate relationship with the software. For many, its Salesforce integration shines brightest, with "it truly ties into Salesforce seamlessly" and "no need for an API connection" being common praises. This unified data view across sales and finance wins favor in companies wanting clear customer-to-financial insights. However, some find its customization options "cluttered and confusing," particularly when compared to rivals like Xero or QuickBooks. Users lament "frustrating input screens" and a "steeper learning curve" for complex features. Reporting is another battleground. Some rave about "robust reporting features" that provide "real-time insights," while others criticize "a rework is receiving a rework" and "not integral to any accounting software." Compared to Intuit's FinancialEdge, Accounting Seed's reporting flexibility seems to fall short for some. Despite these frustrations, praise for the user interface and support persists. "Easy to use interface" and "strong customer support" are frequent positives, contrasting with complaints about clunky competitors like Sage. Efficiency gains are also highlighted, with users enjoying "reduced manual work" and "streamlined financial processes." Overall, Accounting Seed seems to be a mixed bag. Its Salesforce integration and user interface charm some, while its reporting and customization limitations disappoint others. For companies prioritizing user-friendliness and real-time financial insights, it's a contender. But for those needing highly customizable reporting or slick on-the-go access (no mobile app yet!), other options might be a better fit.

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