Software Alternatives & Reviews

FreshBooks VS Melio

Compare FreshBooks VS Melio and see what are their differences

FreshBooks logo FreshBooks

The ideal accounting software for small business owners.
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Melio logo Melio

A digital bill payment solution for small businesses. Pay and get paid for invoices quickly, simply, and without any of the usual costs. Increase cash-flow and reduce hassles by scheduling payments with bank transfers, debit cards, or credit cards.
  • FreshBooks Landing page
    Landing page //
    2021-11-01
  • Melio Landing page
    Landing page //
    2023-03-10

Melio allows small businesses to take control of their cash flow with flexible business payments. A free and easy-to-use B2B payment solution, Melio has no setup or monthly fees. It helps small businesses in the US pay any business expense by ACH bank transfer or credit card - even where cards aren’t accepted. And vendors still get paid their way - by check or bank transfer.

Why Melio: Pay any invoice with a bank transfer for FREE, or use your credit card to defer payment (2.9% fee). Vendors receive a check or bank deposit. Pay with a credit card and hold onto cash for up to 45 extra days. Collect points and rewards along the way. The platform is user friendly, reduces costs. saves you time, and enables SMBs to focus their business rather than logistics. It has a seamless sync with QuickBooks and Xero, which eliminates a dual entry of vendor/bill information.

Currently, Melio is available to small businesses in the US only, though it enables international payments.

FreshBooks videos

FreshBooks Review and Pricing for 2019

More videos:

  • Review - Freshbooks Review: Pros, Cons, and Alternatives
  • Review - FreshBooks Review and Getting Started
  • Review - Freshbooks Review (in 2020)
  • Review - Freshbooks Review - What I think after 2 years of using Freshbooks
  • Review - QuickBooks vs FreshBooks (in 2021)
  • Review - Freshbooks Review (Why I left 🤦 and came Back 😃 in 2022)
  • Review - QuickBooks vs FreshBooks - Which One Is Winner? (2022)

Melio videos

Pay Your Vendors Like A Tech Smart Boss With Melio (Onboarding and Review)

More videos:

  • Demo - Melio Demo with David Leary

Category Popularity

0-100% (relative to FreshBooks and Melio)
Accounting
100 100%
0% 0
Online Payments
0 0%
100% 100
Bookkeeping
100 100%
0% 0
Accounts Payable
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare FreshBooks and Melio

FreshBooks Reviews

Top 9 NetSuite Alternative Software for Professional Services
Like Xero and QuickBooks, FreshBooks can be a good alternative to NetSuite for users looking for essential financial features. It’s an affordable option for streamlining financial processes and client billing. However, a notable downside frequently mentioned in reviews is issues with customer support, especially response times.
Source: productive.io
5 Best Alternatives to QuickBooks Accounting Software
FreshBooks has three pricing plans with monthly charges ranging from $15 to $55, depending on the number of clients and required features. It also features a custom plan for large businesses. The company periodically offers discount promotions as well, availing its pricing tiers for up to 50% off the nominal cost. FreshBooks’s costs and plans are quite similar to those of...
The 8 Best QuickBooks Alternatives for Small Businesses
FreshBooks requires little in the way of setup, so you can be up and running in minutes. It is best suited for freelancers and sole proprietors. FreshBooks offers a self-employed plan, along with a teams plan for small businesses with multiple users. As an added bonus, FreshBooks includes a highly intuitive interface that even computer novices will be comfortable with.
Source: www.fool.com
7 Best QuickBooks Alternatives for Small Businesses
If you’re worried about getting stuck on an issue with the software and having to wade through pages of online FAQs to try to solve the problem yourself, don’t be. FreshBooks has excellent customer-service associates who respond quickly to your questions, often replying to emails within 90 minutes and to phone calls within three rings.
Source: www.fundera.com
20 best accounting software tools
If you’re looking for a free alternative to the more expensive accounting tools such as QuickBooks and FreshBooks, you can try Wave Accounting – you’ll get a cost-effective invoicing and accounting app that allows card processing and handling payroll.
Source: clockify.me

Melio Reviews

4 Best Bill.com Competitors And Alternatives (2022)
This is no reason to be discouraged. There are Bill.com competitors out there, Melio ranking at the top, that are tailor made for small businesses like yours. Melio has a simple, yet fitting tool set, at an incredibly affordable rate for any small business. That’s why I would recommend Melio over Bill.com for any small business in the US.
Source: smbillion.com

Social recommendations and mentions

Melio might be a bit more popular than FreshBooks. We know about 4 links to it since March 2021 and only 3 links to FreshBooks. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

FreshBooks mentions (3)

  • How do your employees/subcontractors track time?
    Do you want to tie contractor's logged time to specific clients and projects? I was using a PHP application installed on my own server for years and the developer seems to have all but abandoned it so I've been looking for alternatives. I'm currently testing out Freshbooks and after about a month using it, here are my observations:. Source: over 1 year ago
  • How to bill your clients?
    Take a look at dubsado.com and freshbooks.com for ideas. Source: over 1 year ago
  • Good time tracking/invoice software
    Maybe try freshbooks.com, been using them with a company we do business with and hasn't let me down. Also looks like they have time tracking software. Source: almost 3 years ago

Melio mentions (4)

  • How open are you with your account and routing numbers?
    I Use Melio Payments (https://meliopayments.com/) - You can set up a free account and you can have them send you money or you can send out money via ACH (which is free) or use a debit or credit card account (Fee associated). I use it to pay my sub contractors weekly. You can only see the last 4 digits of the banking info once you have sent or received it. Ive been using them for almost 2 years and no complains. Source: about 1 year ago
  • Amex Business Plat To Pay Invoices
    You can look into https://meliopayments.com/ . They're basically Plastiq for businesses and support Amex, but they're gonna have a fee. So unless you're trying to hit a SUB, it's not gonna be worth it. Source: about 1 year ago
  • I said what I said
    Looking around for 2 seconds I found this.. https://meliopayments.com. Source: over 1 year ago
  • Invoicing app that is not too fancy.
    Oh Sorry. I didn't realize. I had a vendor just switch to Melio. They're similar in that you can choose a wire or a card etc. Maybe that'll work? meliopayments.com. Source: over 2 years ago

What are some alternatives?

When comparing FreshBooks and Melio, you can also consider the following products

Xero - Xero is online accounting for your small business.

Bill.com - Bill.com provides ACH payments processing, automates your accounts payable and accounts receivable processes.

QuickBooks - Business runs better with QuickBooks, the #1 accounting solution for small business.

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Zoho Books - Smart Accounting for Growing Business

Metaprise - Pay & Get Paid The Way You Want.