FreshBooks vs. TallyPrime

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FreshBooks
Score 9.0 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
TallyPrime
Score 8.0 out of 10
N/A
TallyPrime is a business management software solution focusing on accounting and invoicing functionality, designed with flexibility to suit different purchase and sales processes, followed by the business. Users can share invoices, orders and more via WhatsApp directly from TallyPrime.
$855
one-time fee
Pricing
FreshBooksTallyPrime
Editions & Modules
Lite
$21
per month
Plus
$38
per month
Premium
$65
per month
Select
Custom Pricing
Silver
$855
one-time fee
Gold
$2,565
one-time fee
Offerings
Pricing Offerings
FreshBooksTallyPrime
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details10% discount for annual pricing.Users can also rent the product for 3, 6 or. 12 month durations at a slightly higher rate.
More Pricing Information
Community Pulse
FreshBooksTallyPrime
Features
FreshBooksTallyPrime
Customization
Comparison of Customization features of Product A and Product B
FreshBooks
9.1
35 Ratings
18% above category average
TallyPrime
10.0
1 Ratings
27% above category average
API for custom integration9.330 Ratings10.01 Ratings
Plug-ins9.026 Ratings10.01 Ratings
Security
Comparison of Security features of Product A and Product B
FreshBooks
10.0
41 Ratings
20% above category average
TallyPrime
10.0
1 Ratings
20% above category average
Single sign-on capability10.01 Ratings10.01 Ratings
Role-based user permissions10.041 Ratings10.01 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
FreshBooks
7.5
57 Ratings
4% below category average
TallyPrime
10.0
1 Ratings
25% above category average
Dashboards9.057 Ratings10.01 Ratings
Standard reports8.855 Ratings10.01 Ratings
Custom reports4.82 Ratings10.01 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
1% below category average
TallyPrime
8.9
1 Ratings
16% above category average
Accounts payable8.041 Ratings9.01 Ratings
Accounts receivable9.455 Ratings10.01 Ratings
Cash management7.03 Ratings10.01 Ratings
Bank reconciliation7.02 Ratings8.01 Ratings
Expense management6.651 Ratings10.01 Ratings
Time tracking7.642 Ratings7.01 Ratings
Multi-currency support7.01 Ratings8.01 Ratings
Regulations compliance6.021 Ratings7.01 Ratings
Self-service portal9.13 Ratings9.01 Ratings
Fixed asset management00 Ratings9.01 Ratings
Multi-division support00 Ratings9.01 Ratings
Electronic tax filing00 Ratings8.01 Ratings
Global Financial Support00 Ratings10.01 Ratings
Primary and Secondary Ledgers00 Ratings10.01 Ratings
Intercompany Accounting00 Ratings7.01 Ratings
Localizations00 Ratings9.01 Ratings
Journals and Reconciliations00 Ratings10.01 Ratings
Enterprise Accounting00 Ratings10.01 Ratings
Standardized Processes00 Ratings10.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
FreshBooks
9.4
49 Ratings
23% above category average
TallyPrime
-
Ratings
Pricing8.839 Ratings00 Ratings
Order entry9.337 Ratings00 Ratings
Credit card processing9.741 Ratings00 Ratings
Cost of goods sold10.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
FreshBooks
-
Ratings
TallyPrime
9.6
1 Ratings
24% above category average
Pay calculation00 Ratings10.01 Ratings
Benefit plan administration00 Ratings9.01 Ratings
Direct deposit files00 Ratings9.01 Ratings
Salary revision and increment management00 Ratings10.01 Ratings
Reimbursement management00 Ratings10.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
FreshBooks
-
Ratings
TallyPrime
10.0
1 Ratings
31% above category average
Inventory tracking00 Ratings10.01 Ratings
Location management00 Ratings10.01 Ratings
Best Alternatives
FreshBooksTallyPrime
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 6.6 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 6.6 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.1 out of 10
Zoho Books
Zoho Books
Score 9.1 out of 10
Enterprises
SAP Cloud ERP
SAP Cloud ERP
Score 8.6 out of 10
SAP Cloud ERP
SAP Cloud ERP
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FreshBooksTallyPrime
Likelihood to Recommend
8.4
(75 ratings)
10.0
(2 ratings)
Likelihood to Renew
7.6
(18 ratings)
-
(0 ratings)
Usability
9.6
(20 ratings)
9.0
(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
FreshBooksTallyPrime
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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Tally Solutions Pvt Ltd
When talking about the best, It suits best for accounting the day to day transaction along with reporting the summary of transaction in comparison with other accounting software like Zoho Books for instance, which we used earlier for accounting transactions. I feel TallyPrime is the leader in the industry. Regarding the less appropirate scenarios are its User interface. which needs to be carved further in future, recommended to come up with a Customized Theming option as users generally feel not so comfortable with the same colors every time. Change is generally expected to include customized vibrant colors. I'm curios watch the developments in future.
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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.
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Tally Solutions Pvt Ltd
  • TallyPrime simplifies tax management by automatically calculating various taxes, such as GST, based on transaction data.
  • TallyPrime's payroll module handles complex payroll calculations effortlessly
  • It offers user-level access control and encryption, ensuring that sensitive financial data is protected
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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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Tally Solutions Pvt Ltd
  • TDL related automation is something that I'm very curious and TallyPrime should invest time to develop it and provide Knowledge training on it.
  • I feel the necessity to introduce the TallyPrime software access in a handheld device access or via web such that on the go transaction can be made noted in TallyPrime without resorting to Desktop environment
  • The UI should also be changed currently, whenever I sit, I use keyboard like a typewriter and that aesthetic must be modified with a feature
  • The theming feature should be introduced in the TallyPrime, earlier, in TallyERP 9, we have green color screen with some shades of green and now that they have changed that to some blue with bluish shade, I'm curious to have customized colors.
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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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Tally Solutions Pvt Ltd
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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Tally Solutions Pvt Ltd
I use it regularly, so I feel it as best apart from the User Interface. For recording general day to day transactions, it is apt and to go far beyond given features and for customization, there is a need for the Tally expert to assess the business requirement, So I feel the rating is apt in this judgement.
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Reliability and Availability
FreshBooks
FreshBooks is easy to use and always works!
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Tally Solutions Pvt Ltd
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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Tally Solutions Pvt Ltd
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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Tally Solutions Pvt Ltd
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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Tally Solutions Pvt Ltd
TallyPrime often appeals to small to medium-sized businesses due to its affordability. Its strength in inventory management and tax compliance may make it a top choice for retail or business clients in regions with complex tax regulations. Real saviour when it comes to companies with production and inventory management. Thank you Team for the software.
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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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Tally Solutions Pvt Ltd
  • Significantly streamlined our financial operations.
  • Accounting, Inventory Management, and Tax Compliance are invaluable.
  • Real-time reporting provides crucial insights for decision-making
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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