FreshBooks vs. MileIQ

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FreshBooks
Score 8.7 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.
$21
per month
MileIQ
Score 9.5 out of 10
N/A
MileIQ provides automatic mileage tracking for deductions and expenses. It can be used by self-employed workers looking for a mileage deduction or large companies that want to get a handle on mileage expenses reports, and is presented as automatic, easy and accurate, by the company of the same name in San Francisco.
$50
per year per driver
Pricing
FreshBooksMileIQ
Editions & Modules
Lite
$21
per month
Plus
$38
per month
Premium
$65
per month
Select
Custom Pricing
Teams Lite
$50
per year per driver
MileIQ
$59.99
per year for individual use
Teams Pro
$100
per year per driver
Offerings
Pricing Offerings
FreshBooksMileIQ
Free Trial
YesYes
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details10% discount for annual pricing.
More Pricing Information
Community Pulse
FreshBooksMileIQ
Features
FreshBooksMileIQ
Customization
Comparison of Customization features of Product A and Product B
FreshBooks
9.1
35 Ratings
16% above category average
MileIQ
-
Ratings
API for custom integration9.330 Ratings00 Ratings
Plug-ins8.926 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
FreshBooks
10.0
41 Ratings
20% above category average
MileIQ
-
Ratings
Single sign-on capability10.01 Ratings00 Ratings
Role-based user permissions9.941 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
FreshBooks
7.5
57 Ratings
4% below category average
MileIQ
-
Ratings
Dashboards8.957 Ratings00 Ratings
Standard reports8.755 Ratings00 Ratings
Custom reports4.82 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
FreshBooks
7.5
56 Ratings
2% below category average
MileIQ
-
Ratings
Accounts payable8.041 Ratings00 Ratings
Accounts receivable9.455 Ratings00 Ratings
Cash management7.03 Ratings00 Ratings
Bank reconciliation7.02 Ratings00 Ratings
Expense management6.651 Ratings00 Ratings
Time tracking7.642 Ratings00 Ratings
Multi-currency support7.01 Ratings00 Ratings
Regulations compliance6.021 Ratings00 Ratings
Self-service portal9.13 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
FreshBooks
9.4
49 Ratings
21% above category average
MileIQ
-
Ratings
Pricing8.839 Ratings00 Ratings
Order entry9.337 Ratings00 Ratings
Credit card processing9.641 Ratings00 Ratings
Cost of goods sold10.01 Ratings00 Ratings
Expense Management
Comparison of Expense Management features of Product A and Product B
FreshBooks
-
Ratings
MileIQ
9.9
2 Ratings
19% above category average
Employee Expense Reporting00 Ratings9.92 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
FreshBooks
-
Ratings
MileIQ
9.3
1 Ratings
15% above category average
Customizable Approval Policies00 Ratings9.01 Ratings
Financial Document Management00 Ratings9.01 Ratings
Payment Audit Trail00 Ratings10.01 Ratings
Advanced OCR00 Ratings9.01 Ratings
Best Alternatives
FreshBooksMileIQ
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 7.2 out of 10
Dext
Dext
Score 9.6 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.1 out of 10
Precoro
Precoro
Score 9.3 out of 10
Enterprises
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.5 out of 10
Emburse Chrome River
Emburse Chrome River
Score 7.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FreshBooksMileIQ
Likelihood to Recommend
8.4
(75 ratings)
9.9
(2 ratings)
Likelihood to Renew
7.6
(18 ratings)
-
(0 ratings)
Usability
9.5
(20 ratings)
10.0
(1 ratings)
Availability
10.0
(2 ratings)
-
(0 ratings)
Performance
8.0
(1 ratings)
-
(0 ratings)
Support Rating
6.0
(11 ratings)
-
(0 ratings)
Implementation Rating
10.0
(1 ratings)
-
(0 ratings)
User Testimonials
FreshBooksMileIQ
Likelihood to Recommend
FreshBooks
I recommend FreshBooks to anyone running a service-based business that needs invoicing, time reporting, and accounting tools. FB is adept in all three of these scenarios and isn't overly complicated like similar accounting packages I have used. I love how I can write estimates and proposals, manage the business development process from the software, and quickly convert prospects to invoiced clients.
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MileIQ
MileIQ is a great tool for users that need to track their own business mileage to claim on expense reports. The phone app is easy to set up and use when classifying drives. it will occasionally ask you if you want to auto-classify frequent drives to further minimize the manual tasks of tracking mileage.
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Pros
FreshBooks
  • Invoicing - FreshBooks basically ensures our accountants spend less time on invoices via its automated invoicing system, which sends invoices to our customers and clients alike and also send them regular reminders for them to pay up their bills.
  • Collecting business insights - FreshBooks enable our company analysts measure our business performances via data reports provided by FreshBooks' intuitive dashboard. Allowing us do a comparative analysis of key business metrics of a current month against past months and determine if the business is growing.
  • Expense tracker - We have recently embraced FreshBooks as an expense tracker for teams at our company branch. Thusfar, FreshBooks has performed very well, making our expense management a perfect operation; ensuring teams do not exceed their planned budget and also eliminating the need for tracking expenses on excel spreadsheets.
Read full review
MileIQ
  • track mileage very accurately
  • easily categorize business versus personal trips
  • reports are quite simple to generate and forward to DEXT
  • settings are easy to set-up for proper government approved mileage rates
Read full review
Cons
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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MileIQ
  • Integrate the paid version's admin console into the phone app for easier management.
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Likelihood to Renew
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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MileIQ
No answers on this topic
Usability
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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MileIQ
MileIQ is extremely easy to use. The phone app has a great flow. Drive classification can be as easy as swiping left and right. Users can access their reports in 2-3 steps. The admin console is easy to navigate and makes it simple to invite new users and remove old ones.
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Reliability and Availability
FreshBooks
FreshBooks is easy to use and always works!
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MileIQ
No answers on this topic
Support Rating
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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MileIQ
No answers on this topic
Implementation Rating
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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MileIQ
No answers on this topic
Alternatives Considered
FreshBooks
FreshBooks does very well in comparison, especially since it is free software for Barclays bank users. Sage software is much worse than FreshBooks. However, Xero and QuickBooks, the market leaders, are still ahead with usability, additional features, reporting, and connection with third-party software providers. We chose FreshBooks as it does everything we require from this type of software.
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MileIQ
No answers on this topic
Return on Investment
FreshBooks
  • In reality, we do not implement all of its use at the moment in order to determine an adequate ROI.
  • In our approach to the use of the system, it seems to us a considerable time saving by achieving the integration of the Mexican subsidiary with its parent located in the US.
  • Financial reports meet the necessary USGAAP requirements.
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MileIQ
  • Very automated, less than 10 minutes a week to categorize drives, another 10 minutes at the end of the month to create a report. Easy and efficient use of employee time.
  • Easily integrates with our Expense Management System and Accounting packages
  • No manual intervention at all required by employees - no tracking required on their part.
Read full review
ScreenShots

FreshBooks Screenshots

Screenshot of the dashboardScreenshot of an invoice overviewScreenshot of an example of a customizable invoiceScreenshot of an invoice appearing across devicesScreenshot of expensesScreenshot of time tracking