Inventory Module in Basic Package:

FastAccounts sets itself apart from QuickBooks by including an inventory module in its basic package. This means that you can efficiently manage and track your inventory from the start, ensuring accurate stock levels and facilitating seamless order fulfilment. With FastAccounts, you don’t have to upgrade to a higher-priced package to access inventory management capabilities.

Project Accounting in All Packages:

Another advantage of FastAccounts is that it offers project accounting functionality in all its packages, including the basic package. This valuable feature enables you to track income and expenses associated with specific projects, providing insights into project profitability and effective budget management.

To utilize the project accounting feature, navigate to the intelligent settings in the FastAccounts settings and enable the project option. FastAccounts has made it easy for users by including this feature in all packages, ensuring you can effectively manage and analyze project-related financials without additional cost or upgrade requirements. The project accounting functionality adds tremendous value to FastAccounts, enabling you to enhance your project management capabilities and make informed business decisions based on comprehensive project insights.

200+ Reports Available:

FastAccounts provides a comprehensive reporting system with over 200 reports available. These reports cover various financial aspects of your business, clearly understanding your company’s performance, sales, expenses, and more. The extensive reporting capabilities of FastAccounts ensure that you have the necessary insights to make informed business decisions.

FastAccounts surpasses not only QuickBooks but also other mainstream software such as Xero and Sage when it comes to providing the best reporting facility. With a wide range of reports available, FastAccounts offers an edge in comprehensive financial analysis. Whether you need detailed sales reports, expense breakdowns, or cash flow projections, FastAccounts delivers the reports you need to evaluate your business’s financial health effectively. This level of reporting functionality sets FastAccounts apart as a top choice for companies seeking robust and detailed reporting capabilities.

Cost Savings in the Long Run:

Choosing FastAccounts as an alternative to QuickBooks can lead to significant cost savings in the long run. While QuickBooks may offer competitive pricing initially, it’s essential to consider the pricing structure beyond the initial period. FastAccounts stands out by providing a stable pricing structure, ensuring you can save money over time without compromising features or functionality.

While QuickBooks may entice users with offers such as a $1 trial or a three-month half-price promotion, it’s essential to consider the pricing beyond the introductory period. FastAccounts offers a pricing structure that remains consistently competitive, even in the second year and beyond. This makes FastAccounts a better option than QuickBooks and outperforms other accounting software providers.

By choosing FastAccounts, you can avoid the potential price hikes and unexpected costs that may arise with other accounting software providers. FastAccounts offers a transparent and dependable pricing model, ensuring that you can enjoy cost savings in the long term while still accessing a robust and feature-rich accounting solution. Regarding cost-effectiveness and long-term affordability, FastAccounts is the superior choice among accounting software options.

Scalability Beyond 25 Users:

While QuickBooks restricts the number of users to a maximum of 25, FastAccounts can accommodate more users than that. If your business requires additional user accounts, FastAccounts can cater to your needs, allowing you to scale your operations without limitations.

User Management and Rights:

FastAccounts provides robust user management features, including advanced user rights and permissions. This allows you to control and customize the level of access each user has within the software, ensuring data security and confidentiality. FastAccounts offers a superior user rights system to QuickBooks, giving you greater control over your accounting processes.

With FastAccounts, you can fine-tune user permissions to suit your specific needs. The user rights feature allows you to restrict users’ access to only authorized banks, projects, locations, and more. You can also set specific sales, discounts, and GST rates for individual users, granting you precise control over pricing and financial management.

Moreover, FastAccounts goes beyond standard user rights by offering an option for “Advanced User Rights.” This feature enables you to further refine user access by restricting them to specific products, customers, or suppliers. With this level of customization, you can ensure that each user can only interact with the authorized entities and information relevant to their role, enhancing data security and minimizing the risk of unauthorized actions.

FastAccounts’ comprehensive user management and rights system empowers you to establish strict access controls, safeguard sensitive data, and maintain high confidentiality within your accounting processes. FastAccounts offers a superior user rights solution compared to QuickBooks and other accounting software providers by allowing you to tailor user permissions to your exact requirements.

Extended Support for Basic Package:

FastAccounts values its clients and believes in providing excellent customer support. Even with the basic package, you can expect extended support from the FastAccounts team. Whether you have questions, need assistance, or require technical help, FastAccounts is dedicated to ensuring you receive the support you need to maximize your experience with the software.

Conclusion:

FastAccounts emerges as a solid alternative to QuickBooks, surpassing it in various key aspects. With features like an inventory module in the basic package, project accounting functionality across all packages, a comprehensive range of reports, long-term cost savings, customizable packages, scalability beyond 25 users, advanced user rights, and extended support, FastAccounts provides a robust and tailored solution for businesses of all sizes.

It is important to note that the information presented in this comparative analysis is accurate and based on the current situation and available options. FastAccounts has positioned itself as a competitive and feature-rich accounting software that outperforms QuickBooks and rivals other mainstream accounting software providers such as Xero and Sage.

By choosing FastAccounts, you can benefit from its advanced features, flexible pricing, extensive reporting capabilities, user-friendly interface, and dedicated customer support. Whether you’re a small business looking for efficient inventory management or a growing enterprise needing scalable solutions, FastAccounts has you covered.

Make an informed decision for your business and streamline your financial processes with FastAccounts. Experience the advantages of its comprehensive feature set and enjoy the long-term benefits of a cost-effective accounting solution. FastAccounts is ready to empower your business and drive its financial success.

Please note that the information provided in this blog is accurate and reflects the comparative analysis based on today’s situation and the options available at this point. It’s always recommended to verify and confirm the features, pricing, and offerings directly from FastAccounts for the most up-to-date and accurate information.