AccountsIQ-Cloud Accounting Software vs. FreshBooks

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AccountsIQ
Score 8.9 out of 10
Mid-Size Companies (51-1,000 employees)
AccountsIQ provides a cloud-based accounting solution that is designed to provide users with access to the applications from anywhere in the world.  The solution can be used on any internet connected device (with appropriate security and permissions).  With this solution, users can facilitate simultaneous collaboration with multiple users within their organization through this centralized online service. The vendor says this feature makes it a particularly attractive solution for…
$100
per installation
FreshBooks
Score 6.2 out of 10
Small Businesses (1-50 employees)
FreshBooks is an accounting service for small businesses. The solution enables users to send and manage invoices, track billable time and collect online payments. The vendor’s value proposition this that their solution provides a straightforward service that simplifies the billing process.
$15
per month
Pricing
AccountsIQ-Cloud Accounting SoftwareFreshBooks
Editions & Modules
BookkeeperIQ
$100
per installation
ControllerIQ
$250
per installation
EnterpriseIQ
$400
per installation
EnterpriseIQ with Consolidation
$500
per installation
Lite
$15
per month
Plus
$30
per month
Premium
$55
per month
Select
Custom Pricing
Offerings
Pricing Offerings
AccountsIQFreshBooks
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup Fee$5,000 per installationNo setup fee
Additional DetailsThe product is modular and therefore you can select the functionality you require and only pay for this functionality included. In addition, as the product is scalable, you will need to consider the number of entities a company has on the system.
More Pricing Information
Community Pulse
AccountsIQ-Cloud Accounting SoftwareFreshBooks
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
AccountsIQ-Cloud Accounting SoftwareFreshBooks
Customization
Comparison of Customization features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
FreshBooks
1.2
32 Ratings
140% below category average
API for custom integration00 Ratings1.227 Ratings
Plug-ins00 Ratings1.123 Ratings
Security
Comparison of Security features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
FreshBooks
6.3
38 Ratings
22% below category average
Single sign-on capability00 Ratings10.01 Ratings
Role-based user permissions00 Ratings2.638 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
FreshBooks
4.5
52 Ratings
49% below category average
Dashboards00 Ratings4.552 Ratings
Standard reports00 Ratings4.150 Ratings
Custom reports00 Ratings4.82 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
FreshBooks
4.5
51 Ratings
46% below category average
Accounts payable00 Ratings1.236 Ratings
Accounts receivable00 Ratings2.350 Ratings
Cash management00 Ratings7.03 Ratings
Bank reconciliation00 Ratings7.02 Ratings
Expense management00 Ratings2.846 Ratings
Time tracking00 Ratings3.339 Ratings
Multi-currency support00 Ratings7.01 Ratings
Regulations compliance00 Ratings1.118 Ratings
Self-service portal00 Ratings9.13 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
AccountsIQ-Cloud Accounting Software
-
Ratings
FreshBooks
3.9
44 Ratings
58% below category average
Pricing00 Ratings2.134 Ratings
Order entry00 Ratings1.234 Ratings
Credit card processing00 Ratings2.136 Ratings
Cost of goods sold00 Ratings10.01 Ratings
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AccountsIQ-Cloud Accounting SoftwareFreshBooks
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Score 9.2 out of 10
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Score 9.2 out of 10
Medium-sized Companies
Accounting Seed
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Score 8.3 out of 10
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Score 8.3 out of 10
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Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.0 out of 10
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User Ratings
AccountsIQ-Cloud Accounting SoftwareFreshBooks
Likelihood to Recommend
-
(0 ratings)
1.4
(70 ratings)
Likelihood to Renew
-
(0 ratings)
7.6
(18 ratings)
Usability
-
(0 ratings)
4.8
(15 ratings)
Availability
-
(0 ratings)
10.0
(2 ratings)
Performance
-
(0 ratings)
8.0
(1 ratings)
Support Rating
-
(0 ratings)
4.5
(11 ratings)
Implementation Rating
-
(0 ratings)
10.0
(1 ratings)
User Testimonials
AccountsIQ-Cloud Accounting SoftwareFreshBooks
Likelihood to Recommend
accountsIQ
No answers on this topic
FreshBooks
FreshBooks is the perfect tool for businesses who have hundreds of clients and customers whom they invoice regularly. It removes the need to manually send invoices to clients and customers, by streamlining inputted information to create an automated invoicing system which keeps clients and customers up to date with their bills. It is also a great tool for managing expenses, especially for companies with different teams working on varying projects, ensuring these teams do not exceed the budget ceiling.
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Pros
accountsIQ
No answers on this topic
FreshBooks
  • FreshBooks is pretty intuitive to use. I did have some questions when I first started using the system, but it wasn't a long learning curve.
  • FreshBooks provides more capability than other billing applications such as PaySimple or BlinkSale. FreshBooks does provide an easy invoicing function. It's easy to create invoices that can be sent via email or snail mail to one or more individuals (for example, the decision-maker and the accounting dept). Clients can pay online or send a check and then I note that the payment has been received. If paid by credit card, the system automatically marks the invoice paid. Your business accounts such as bank accounts can be linked to FreshBooks. Then, the system can automatically draw in expenses and will create simple P&L reports, overdue invoices, client history, etc. If you don't have inventory and complex payroll, etc. FreshBooks provides just the right level of capability to make financial tracking simple.
  • FreshBooks integrates with a number of credit card companies. I use Stripe, which has fees similar to Paypal, but much more reliable processing. I can accept all credit cards, including American Express, for a reasonable fee.
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Cons
accountsIQ
No answers on this topic
FreshBooks
  • I can brand invoices with my business logo, but I might like to change colours of the invoices themselves to match the rest of my business documents. That isn't a major point at all, but it's something that I'd like to see.
  • Freshbooks doesn't remember the categories that similar expenses were previously assigned to. It would be nice if Freshbooks would suggest a category for an already saved vendor, to ensure the consistency of expense reporting.
  • The home page of a Freshbooks account has a great graph display of expenses and income, but it only shows the last 6 months. This is still very useful, but I'd like to be able to see this kind of graph for different periods of time.
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Likelihood to Renew
accountsIQ
No answers on this topic
FreshBooks
At the current needs of our business, FreshBooks suits us perfectly - it allows online access by our accountant to the system for GST purposes, easy input of expenses and tracking of Profit and Loss statements. FreshBooks customer service is great as well - very understanding and accommodating.
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Usability
accountsIQ
No answers on this topic
FreshBooks
FreshBooks is very easy to use even for novices. If you're looking for an online accounting software that is full of features, has great aesthetics and is user-friendly, then this is definitely the software for you. I've been using it for several years now and despite being tempted to switch by other vendors, I like the feel of FreshBooks and it's mobile features.
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Reliability and Availability
accountsIQ
No answers on this topic
FreshBooks
FreshBooks is easy to use and always works!
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Support Rating
accountsIQ
No answers on this topic
FreshBooks
I think the support level for FreshBooks is on par with a 6 because the folks behind this application do a fairly good job at providing support for their customer base. I still don't think they are at an elite level when it comes to supporting but are getting there although too slow in my opinion.
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Implementation Rating
accountsIQ
No answers on this topic
FreshBooks
I haven't changed my mind since my first evaluation. Freshbooks is still meeting my needs, easy to use, etc.
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Alternatives Considered
accountsIQ
No answers on this topic
FreshBooks
We do not consider other options since our client wants the implementation of this platform in order to use it in the two countries where it has operations.

At the moment, full integration was not possible and we still share the information with a Mexican system to complete everything necessary.
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Return on Investment
accountsIQ
No answers on this topic
FreshBooks
  • Freshbooks saves me time compared to when I managed to invoice without an app.
  • Freshbooks make keeping my invoices organized which saves me time.
  • Freshbooks helps me to know who is late on payments. When I was doing this by hand, some invoices would get lost in the clutter and I would not find out I haven't been paid until much later.
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ScreenShots

AccountsIQ Screenshots

Screenshot of This is the Administration Layer where you manage all the companies/entities under your administration.Screenshot of Manage User Profiles by switching on or off every single function, report or dashboard for each user profile.Screenshot of Easily manage customers and suppliers in a list that can be customised to every single user helping to easily create workflow management.Screenshot of Consolidate accounts of multiple entities, with partial ownership structures. Consolidate the GL, Sales and Purchase Data, Business Analytics or centrally manage exchange rates from the parent company.Screenshot of Have personalised and customised dashboards to easily report the activities of your business.Screenshot of Easily review your GL accounts by P&L, Balance Sheet or Trial Balance with a capability to drilldown to transaction level.

FreshBooks Screenshots

Screenshot of DashboardScreenshot of Invoice OverviewScreenshot of Beautiful, Customizable InvoicesScreenshot of Invoice seamlessly across devicesScreenshot of ExpensesScreenshot of Time Tracking