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FreshBooks VS Splitit

Compare FreshBooks VS Splitit and see what are their differences

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Employee Monitoring Software with Screenshots, Internet, Activity and Time Tracking featured
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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

FreshBooks logo FreshBooks

The ideal accounting software for small business owners.

Splitit logo Splitit

Splitit is a solution that enables consumers to pay for their Retail or Web purchases using their existing credit cards and divide the total cost across as many interest-free payments as they choose, without completing a credit application or qualifโ€ฆ
  • FreshBooks Landing page
    Landing page //
    2021-11-01
  • Splitit Landing page
    Landing page //
    2023-09-24

FreshBooks

Website
freshbooks.com
Pricing URL
Official FreshBooks Pricing
$ Details
paid Free Trial $15.0 / Monthly (5 Billable Clients)
Release Date
2003 January
Startup details
Country
Canada
State
Ontario
City
Toronto
Founder(s)
Michael McDerment
Employees
250 - 499
Edit details

Splitit

Website
splitit.com
Pricing URL
Official Splitit Pricing
$ Details
-
Release Date
-
Edit details

FreshBooks features and specs

  • User-Friendly Interface
    FreshBooks offers an intuitive interface that is easy to navigate, making it accessible even for users who are not tech-savvy.
  • Invoicing Features
    The platform provides robust invoicing tools that allow for custom invoices, automatic payment reminders, and recurring invoices.
  • Time Tracking
    FreshBooks includes built-in time tracking features that are useful for freelancers and businesses that bill clients by the hour.
  • Expense Tracking
    Users can easily log and categorize expenses, which simplifies the process of tracking and reporting business expenses.
  • Multiple Payment Options
    FreshBooks supports various payment methods, including credit cards and ACH transfers, making it easier for clients to pay invoices.
  • Customer Support
    The platform provides excellent customer service through multiple channels, including phone, email, and live chat.
  • Mobile App
    FreshBooks offers a mobile app that allows users to manage their finances on the go.

Splitit features and specs

  • Interest-Free Payments
    Splitit allows customers to pay in installments without charging any interest, making it an attractive option for those looking to spread costs over time.
  • No Credit Check
    Splitit does not require a credit check to use its services, which can be beneficial for individuals who have a limited credit history or want to avoid impacting their credit score.
  • Easy Integration
    For merchants, Splitit offers easy and seamless integration with their existing payment systems, allowing them to offer flexible payment options to customers without significant technical overhead.
  • Increase in Sales
    By offering a payment plan, Splitit can potentially increase sales for merchants as customers are more likely to make larger purchases when they can spread out payments.

Possible disadvantages of Splitit

  • Credit Card Requirement
    Customers must have a credit card with sufficient available credit to cover the full amount of the purchase, which might restrict some users from using the service.
  • Hold on Credit Amount
    While using Splitit, the customer's credit card will have a hold placed on the full amount of the purchase, potentially reducing their available credit.
  • Limited Market Presence
    Splitit's availability might be limited depending on the region, meaning not all merchants or customers can access its services globally.
  • Dependence on Card Issuers
    The service's operation depends on agreements with card issuers and networks, which may create dependency issues if partnerships change or end.

Analysis of FreshBooks

Overall verdict

  • FreshBooks is a reliable and efficient accounting software option, particularly well-suited for those seeking an easy-to-use platform with comprehensive financial management features. Its customer support is also highly rated, providing prompt assistance and troubleshooting when needed.

Why this product is good

  • FreshBooks is widely considered a good choice for small businesses, freelancers, and self-employed professionals due to its user-friendly interface and robust feature set. It simplifies accounting tasks with invoicing, expense tracking, time tracking, project management, and reporting tools. The software also offers integrations with various third-party apps and services, enhancing its functionality and adaptability to different business needs.

Recommended for

  • Freelancers
  • Small business owners
  • Self-employed professionals
  • Service-based businesses
  • Consultants
  • Creative professionals

Analysis of Splitit

Overall verdict

  • Splitit is considered a good option for those looking to split payments without taking on additional debt or interest. The service can be especially appealing to consumers who want to budget for larger purchases without impacting their credit rating. However, it's important to ensure that the merchant you're purchasing from supports Splitit.

Why this product is good

  • Splitit offers a unique payment solution that allows consumers to pay for purchases over time using their existing credit cards, without incurring interest or fees. This can be beneficial for managing cash flow and making larger purchases more affordable. Additionally, because Splitit's method doesn't involve opening a new line of credit, it avoids affecting the user's credit score.

Recommended for

  • Consumers who prefer interest-free payment plans
  • Individuals looking to manage cash flow efficiently
  • Shoppers who want to avoid impacting their credit score
  • People making larger purchases who prefer to spread the cost over time

FreshBooks videos

+ Add

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 ๐Ÿคฆ and came Back ๐Ÿ˜ƒ in 2022)
  • Review - QuickBooks vs FreshBooks - Which One Is Winner? (2022)

Splitit videos

+ Add

SPLITIT GOES GLOBAL WITH MASTERCARD DEAL ๐Ÿ’ณ

More videos:

  • Review - 3 PROBLEMS with buy now pay later. Afterpay, Zip Pay, Splitit etc.
  • Review - How Does Splitit Work for Shoppers?

Category Popularity

0-100% (relative to FreshBooks and Splitit)

FreshBooks

Splitit

Accounting
100 100%
Accounting
0% 0
Online Payments
0 0%
Online Payments
100% 100
Invoicing
100 100%
Invoicing
0% 0
Business & Commerce
0 0%
Business & Commerce
100% 100

User comments

Share your experience with using FreshBooks and Splitit. For example, how are they different and which one is better?
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Reviews

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

FreshBooks Reviews

Top 20 Recurly Alternatives & Competitors in 2025
The system handles basic recurring billing scenarios with automated payment processing and client portal access. FreshBooks provides time tracking and expense management alongside its billing features, creating an all-in-one solution for independent professionals and small service teams. The platform focuses on reducing administrative overhead for businesses with...
Source: unibee.dev
What Are the Best Bill.com Alternatives?
FreshBooks is a cloud-based invoicing software that is user-friendly and designed for small businesses and freelancers. FreshBooks allow you to create and customize invoices easily, track expenses, and accept online payments.
Source: blog.featured.com
11 Alternatives to QuickBooks in 2024
Want to zoom out and look at the financial health of your business as a whole? FreshBooks can track your expenses for you, generate income statements, balance sheets and cash flow statements, and even generate activity reports that show you which projects are taking up the bulk of you and your teamโ€™s work hours.
Source: www.bench.co
The 10 Best Alternatives to GnuCash for Managing Your Finances
If you're looking for an affordable option and need a cost-effective alternative to GnuCash, FreshBooks is a great choice. It also provides various integrations with other business software, so you can easily connect your accounting tools with the other applications you use.
Source: www.findmycrm.com
Top 10 QuickBooks Alternatives (Free/Paid)
Freshbooks is the best accounting tool that is used to run businesses with ease and in a secure way. The tool is used by small businesses to collaborate on different projects. It provides reports related to finance for easy understanding. FreshBooks is a popular cloud-based accounting software tailored for small businesses, freelancers, and self-employed professionals. Known...
Source: www.geeksforgeeks.org

Splitit Reviews

We have no reviews of Splitit yet.
Be the first one to post

Social recommendations and mentions

Based on our record, FreshBooks seems to be more popular. It has been mentiond 3 times since March 2021. 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 3 years ago
  • How to bill your clients?
    Take a look at dubsado.com and freshbooks.com for ideas. Source: over 3 years 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: about 5 years ago

Splitit mentions (0)

We have not tracked any mentions of Splitit yet. Tracking of Splitit recommendations started around Mar 2021.

What are some alternatives?

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

Xero - Xero is online accounting for your small business.

Sezzle - Sezzle is a digital payment platform designed to help shoppers manage their financial futures with great ease.

QuickBooks Online - QuickBooks Online is a Cloud Accounting for small business that can be used on iPad, mobile phone or computer to do invoicing, billing, run reports, or even pay employees online.

Klarna - Klarna provides e-commerce payment solutions for merchants and shoppers.

Wave Financial - Award-winning financial software designed for entrepreneurs.

PayPal Credit - PayPal Credit provides financing options to businesses.

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