Acumatica
Cloud ERP platform with financial management, distribution, and project accounting. Recommended by accounting firms for mid-market clients.
FreshBooks
Website: www.freshbooks.com
FreshBooks is a cloud accounting application originally built around invoicing and time tracking for freelancers and small service businesses. It has expanded to include double-entry bookkeeping, expense management, project profitability tracking, and financial reporting.
Accounting firms encounter FreshBooks primarily when onboarding clients who already use it. The platform offers an accountant access feature that lets firms log into client accounts, review transactions, and run reports without needing separate credentials. FreshBooks also provides an accounting partner program with dedicated support and client referrals.
The invoicing experience is a notable strength — it supports automated payment reminders, online payment acceptance, recurring invoices, and multi-currency billing. Time tracking is built in, making it a natural fit for service-based businesses that bill by the hour.
FreshBooks is best suited for freelancers, consultants, and small service businesses. Firms working with product-based businesses or clients needing inventory management, payroll, or complex reporting typically recommend alternatives like QuickBooks Online or Xero.
FreshBooks Alternatives
Other accounting tools for accounting firms, ordered by how much of FreshBooks's functionality they cover.
Booke AI
AI bookkeeping automation tool that works inside QuickBooks Online and Xero, automatically categorizing and reconciling transactions around the clock.
Digits
AI accounting platform with an autonomous general ledger that categorizes transactions and handles depreciation for firms.
Docyt
AI-powered back-office automation for document capture, expense categorization, reconciliation, and real-time reporting.
AccountingSuite
Cloud accounting platform combining general ledger, inventory management, project accounting, and time tracking in one solution for growing firms.
Kashoo
Simple cloud accounting software for small businesses with automatic transaction categorization, invoicing, and financial reporting.