Why HostBooks accounting software is better than FreshBooks
Platforms Supported
HostBooks
FreshBooks
Web Based
Access your account on web platforms like Windows, Linux or Mac OS
Yes
iPhone
Helps you access and manage your accounts on your iPhone
No
Android App
Available in the form of an android application to access your account on the go
No
Windows Phone App
In addition to iPhone and Android, supports the Windows Phone App
No
Typical Customers
HostBooks
FreshBooks
Freelancers
Manage your finances online even if you are not working full-time
Yes
Small Business
Tailor-made for those who are running their business on a small-scale
Yes
Mid-Sized Business
Caters to the needs of the organizations who are running a business on a medium-scale
Yes
Enterprise
Best suited to meet the needs of the enterprises too
No
Support
HostBooks
FreshBooks
Phone Support
24/6 professional and technical support by experts over the phone
Yes
Online Support
24/6 professional and technical online remote support by a team of experts
Yes
Knowledge Base
Enhance your knowledge about the new concepts and speed up the learning process
No
Video Tutorials
To take you on a walkthrough on how to use the accounting software and applications
No
Starting Price from
HostBooks
FreshBooks
Free Trial
A free trial period for a short period of time for you to know how the software can help you out
Yes
No Credit Card Required
You don't need a credit card to activate the free trial offer
Yes
Free Account
Create an account for a limited time duration absolutely free of cost
Yes
Subscription Based
Go for the subscription plan that best suits your business requirements
No
Features
HostBooks
FreshBooks
ACH Payment Processs
Reduce the paper check processing costs by accepting electronic check payments
No
API
Seamless integration of API to help you keep pace with technology and stay ahead of the curve
Yes
Account Reconciliation
Reconcile the balances between your accounts at the end of the accounting period
No
Account Management
Manage your account effectively and streamline all your business processes
Yes
Activity Dashboard
View and track all your activities through the activity dashboard
Yes
Activity Tracking
Track the current status of all the activities you are investing your time in
No
Automatic Backup
Easy and quick recovery of your data even after a system crash
Yes
Automated Billing
Save your time by generating and processing bills automatically
No
Automatic Notifications
Automatically generated notifications to keep you updated on vital information
Yes
Automatic Reminder
No more missing out on the important dates with automatic reminders
Yes
Balance Sheet
Know the current position of all your assets, liabilities, and the capital
Yes
Bank Reconciliation
Import, classify and reconcile your bank transactions at the drop of a hat
Yes
Billable Hours Tracking
Track the number of hours you spend on completing the client's work or any other job
No
Billing and Invoicing
A simple way of creating and managing both your bills and invoices
Yes
Cash Flow Statement
Know about the cash flowing from the ongoing operations and external investments
No
Cash Management
Effortlessly manage cash inflows and outflows to and from the organization
Yes
Categorization
Categorize and classify your expenses and make expense sorting easier
No
Collaboration Tools
Keep in touch with your team with advanced collaboration tools like instant messaging or video conferencing
No
Collaborative Workspace
Stay connected with your teammates as inside a single entity even if they are in different locations
No
Charting
A graphical presentation for you to conduct a thorough analysis of important information
No
Contact Management
Manage and track the information with respect to clients and vendors at one place
Yes
Credit Card Processing
Accept and make payments via credit card on the go even through your mobile or tablet
No
Currency Conversion
Easy conversion of your native currency into any other currency
Yes
Custom Fields
Create custom fields and record customized information as and when you want
No
Customizable Billing
Billing can be customized as per the requirements of your customer groups
Yes
Customized Templates
Customize your templates as per the requirements of your customers
No
Data Import
Hassle-free import of data or files irrespective of its size in just one go
Yes
Data Export
Export your data instantly as and when required without any hassle
Yes
Deadline Tracking
With deadline tracker, you will know the deadline is just around the corner
No
Direct Deposit
Get rid of paper checks by depositing or receiving funds electronically into your bank accounts
No
Discount Management
Manage and keep a track of both discounts offered and allowed
Yes
Document Templates
Create your own template for the documents you use frequently such as a monthly report or a sales forecast
No
Drag and Drop Interface
An interface that allows you to drag and drop virtual objects on to the desired location
No
Electronic Payments
Make or receive payments via electronic mode in just a single click
No
Email Integration
A simple way to send, receive and organize all your emails with email integration
Yes
Email Invitations and Reminders
Send out invitations and reminders to your clients or team via emails
No
Estimating
Approximate the amount to be debited or credited in the absence of precise means of measurement
Yes
Expense Claims
Record and manage all the expenses incurred by people on behalf of the business
Yes
Expense Tracking
Manage your expenditure by tracking the expenses incurred by you or others on behalf of the company
No
Financial Analysis
An end-to-end evaluation of your projects and budgets to determine the stability of the company
Yes
Financial Management
Plan, organize, control, and monitor all your financial resources keeping in view the company goals
Yes
Forecasting
Decide on how the budget will be allocated to different expenses that might be incurred in the future
No
Income Statements
Know your financial performance over a certain period of time with the income statement
Yes
Invoice Processing
Effective handling of an invoice from its generation till the time it gets ready for payment
Yes
Inventory Tracking
Keep a track of the inventory levels, orders, sales, and deliveries
Yes
Mobile Integration
Manage your expenses and revenues on the go with your smartphones
No
Multi-Country
Add all the countries in your account where you are running your business
Yes
Multi-Currency
Choose the currency of the country you are managing your accounts for
Yes
PCI DSS Compliance
The payments will always be safe with Payment Card Industry Data Security Standard compliance
No
Payroll Management
Administer the financial records of all your employees at one place with easy payroll management
No
Preview Functionality
Functionality that allows you to complete & clear view of documents before producing the final copy
Yes
Profit/Loss Statement
Summarized account of the revenues generated along with the costs and expenditures incurred
Yes
Projections
Conduct a forecast of future revenues and expenses with both short-term and long-term projections
No
Purchases Order Management
A platform to manage all your orders pertaining to the purchases made
Yes
Real-time Data
Gives you a real-time view of all the vital business data
Yes
Real-time Reporting
Keep your customers posted with up-to-the-minute reporting of data in real-time
Yes
Real-time Update
Get all the latest updates on the status of your business finances in real-time
Yes
Receipt Management
Manage all your receipts in an effortless manner with easy receipt management
No
Receiving
Keep a track of the quantity of goods received and match it with the accounts payable
Yes
Recurring Billing
Collect payments automatically from the customers on the due date of every billing cycle
No
Recurring Tasks
Set reminders for the tasks you need to perform on a regular basis
No
Reporting and Statistics
Prepare statistical reports to provide a detailed overview of vital business information for the concerned parties
No
SSL Security
Safeguard your data against any kind of loss with advanced security
Yes
Sales Tax Management
An effective way to deal with all the sales tax management compliance requirements of the business
Yes
Status Tracking
Helps you to view the status of all your transactions
No
Third Party Integration
Connect with a third party to develop customized applications and improve upon the business processes
Yes
Time and Expense Tracking
Record and keep a track of the time spent and expenses incurred in different financial projects
No
Timesheets
Track, manage and prepare reports on the total number of hours spent by your employees on different tasks
No
Third Party Integration
HostBooks
FreshBooks
Authorize.net
A subsidiary of Visa Inc. that allows merchants to accept credit card and electronic check payments
No
Dropbox
File hosting service that provides cloud storage, file synchronization, personal cloud & client software
No
Leadmaster
CRM software that provides services like marketing automation, email marketing, and website integration
No
MailChimp
A platform that provides you with marketing automation platform and email marketing services
No
Paypal
An online platform that supports money transfers and serves as the best substitute for the traditional payment methods
No
Salesforce Sales Cloud
Manages your accounts, contacts & business opportunities. It enables you to collaborate instantly from any corner of the world
No
Shopify
An e-commerce company that acts as a platform for online stores and retail point-of-sale systems
No
Stripe
A suite of payment APIs that enables both individuals and businesses to receive payments over the internet
No
Workato
Cloud-native and consumer-scale platform capable of handling app data, API, integrations and process automation
No
Zapier
A web-based service that allows the end users to effectively integrate the web applications they use
No
