I'm just curious what others are using, and how they like it. My company has Quickbooks Online, and it's more of a "it's the lesser of all evils" relationship than being a desirable product. Has anyone found something that's truly great?
I had been using Freshbooks when I tried to do a lot of my stuff on my own. But I switched to Xero plus some supporting software - Receipt Bank and Hubdoc - after having an accounting firm help me in that area.
Between my first and current business, I had started another company and my co-founder found QuickBooks Online to be the lesser evil as well. She was still not a happy camper about using it though.
As far as I’m aware Xero has the least amount of issues that I’ve seen from all the packages: there’s too many little inefficiencies and annoying things with QBO and I found there’s a ceiling with FreshBooks in terms of the software being able to grow with your needs as your business grows. Xero strikes a good balance here IMHO, but still has its pains (especially if you invoice through Stripe in multiple currencies).
It works well for us and we use it to manage all our accounts payables, receivables, generate invoices and financial reports for the board. We use Adeptia Connect to integrate it with Concur (expense management) and Salesforce.
https://adeptia.com/products/adeptia-connect-features
I use Freeagent here in old Blighty, mostly because the accountant likes it and it does an OK job importing from the bank. Would prefer a lightweight FOSS solution though, neither GNUCash nor h/ledger seem to fit the bill, particularly for auto-generating personal and corporation tax amounts due.
Have considered making a spreadsheet, as amir6 uses in this thread, but it would be missing many features. A collective effort to build out the templates might eventually get there though...
we have used freshbooks — as it is a leader and has an API, but it's obviously not built to be used for lo's of automated SaaS invoices. some more here: http://blog.fortrabbit.com/battling-billing
Between my first and current business, I had started another company and my co-founder found QuickBooks Online to be the lesser evil as well. She was still not a happy camper about using it though.
As far as I’m aware Xero has the least amount of issues that I’ve seen from all the packages: there’s too many little inefficiencies and annoying things with QBO and I found there’s a ceiling with FreshBooks in terms of the software being able to grow with your needs as your business grows. Xero strikes a good balance here IMHO, but still has its pains (especially if you invoice through Stripe in multiple currencies).