Quickbooks Online

On top of the list is which is also a cloud-based accounting system for small businesses that allows users to track income and expenses, generate invoices, and enable online billing.

Their difference lies in how they bill their users. FreshBooks pricing is based on the number of billable clients, while QuickBooks Online charges more for additional functionality such as inventory tracking and 1099 preparation.

Pros:

• Its system has a quick reporting capability.
• Real-time updating.
• Medium user-friendly.
• Projections and reports.
• QuickBooks Online integrates with all major banks, making adding transactions quick and easy.

Cons:

• Its platform lacks functionality found on its desktop product.
• It would be nice if the terminology is more simple and straightforward.
• It sometimes takes days and days to receive the money that you are sent, meaning that sending payments through your bank could likely be quicker and easier.