LedgerSMB vs FreshBooks

Struggling to choose between LedgerSMB and FreshBooks? Both products offer unique advantages, making it a tough decision.

LedgerSMB is a Business & Commerce solution with tags like accounting, erp, smb, webbased.

It boasts features such as Double-entry accounting, Invoicing, Inventory management, Sales and purchase orders, Bank reconciliation, Multi-currency support, Multi-language support, Custom reporting, Role-based access controls, Data import/export, Third-party integrations and pros including Free and open source, Customizable and extensible, Web-based for easy access, Scales from small to mid-sized businesses, Integrates with many other apps, Active development community.

On the other hand, FreshBooks is a Business & Commerce product tagged with accounting, invoicing, billing, payments, expenses.

Its standout features include Online invoicing, Time tracking, Online payments, Expense tracking, Accounting reports, Project management, Multi-currency support, Mobile app, and it shines with pros like User-friendly interface, Automates billing and invoicing, Integrates with many business apps, Offers mobile access, Reasonable pricing.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

LedgerSMB

LedgerSMB

LedgerSMB is an open source accounting and ERP software solution. It is web-based, customizable, and integrates with many external applications. Target users are small and medium businesses looking for an affordable but full-featured accounting system.

Categories:
accounting erp smb webbased

LedgerSMB Features

  1. Double-entry accounting
  2. Invoicing
  3. Inventory management
  4. Sales and purchase orders
  5. Bank reconciliation
  6. Multi-currency support
  7. Multi-language support
  8. Custom reporting
  9. Role-based access controls
  10. Data import/export
  11. Third-party integrations

Pricing

  • Open Source

Pros

Free and open source

Customizable and extensible

Web-based for easy access

Scales from small to mid-sized businesses

Integrates with many other apps

Active development community

Cons

Can be complex for non-accounting users

Limited support options

Less features than proprietary ERPs

Moderate learning curve


FreshBooks

FreshBooks

FreshBooks is an easy-to-use online accounting and invoicing software designed for small businesses and self-employed professionals. It allows users to track expenses, create professional invoices, accept online payments, and manage their accounting all in one place.

Categories:
accounting invoicing billing payments expenses

FreshBooks Features

  1. Online invoicing
  2. Time tracking
  3. Online payments
  4. Expense tracking
  5. Accounting reports
  6. Project management
  7. Multi-currency support
  8. Mobile app

Pricing

  • Freemium
  • Subscription-Based

Pros

User-friendly interface

Automates billing and invoicing

Integrates with many business apps

Offers mobile access

Reasonable pricing

Cons

Steep learning curve for advanced features

Limited customization options

Lacks some advanced accounting features

Only available as web and mobile app