Cheqbook vs Freshbooks

Freshbooks first came to market as a popular time tracking and invoicing software. Freshbooks added accounting features to pivot to a broader focus on cloud accounting. Because the accounting core was added later, the user interface still focuses on invoicing. Freshbooks is missing critical features for accounting software such as Accrual Accounting, Reconciliation, Journal Entries, and split transactions.
Cheqbook is much faster and easier to pick up for business owners while having the pro features that CPAs and bookkeepers need. We have found we can save business owners two weeks a year through our patent pending import and smart categorization. We built Cheqbook out of our own accounting firm here in Hawaii, when we couldn’t recommend any of the online solutions.
AccuScore Smart Categorization
Unlimited Simultaneous Users in all plans
Is it fully functional accounting software?
Accrual Accounting
Cash reports
Journal Entries
Can Reverse
Memos by line item
Chart of Accounts
Add and Edit Chart of Accounts✓(only custom items)limited
Assign default tax code
Easily access balance and transaction history
Find matching transactions
Suggest transactions to create
Enter transactions from the reconciliation page✓(edit only)
Split transactions (associate more than one account with a transaction)
Assign taxes
Enter in payments from customers or payments to vendors
Create automation rules
Import Contacts
Import Bank Statements (format)✓(OFX, QFX, IFX)✓(QBO, OFX, CSV)
Sync with Bank/Credit Card
Import Items (products / services)
Host invoices online for customers to view
Attach documents to income transactions
Attach documents to expense transactions
Attach documents to other types of transactions
Can attach multiple documents to a single transaction
Basic reportslimited
Customization of reports
Advanced reportslimited
Batch edit transactions
Customize your email on a per invoice basis

Lam, Greg. Small Biz Doer “Cloud Accounting Comparison – Basics To Be Fully Functional.” QuickBooks and Beyond. Sleeter Group, 28 June 2013. Web. 13 Oct. 2013.
Lam, Greg. Small Biz Doer “Cloud Accounting Comparison – Data Import and Export” QuickBooks and Beyond. Sleeter Group, 28 June 2013. Web. 13 Oct. 2013.

This comparison is based on data from 07/28/2013. Please contact with corrections.

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