Simplifying operations with accounting software enhances overall business management efficiency cutting down manual errors and calculations, ensuring compliance and providing insightful data for better decision making. The right accounting software for your business optimises time management, boosts efficiency and productivity and even better- comes at an affordable price.
17hats and Honeybook are used by various business owners to manage operations. We will discuss both software solutions in this blog post and discover the right solution your business needs.
17hats
17hats is a business management tool used by freelancers and business owners. It offers a range of features such as online scheduling, invoicing, client portal and workflow automation. 17hats is best suited for service-based businesses because it lacks inventory management as well as proper accounting.
Pros
- 17hats offers leads management, from lead capture to conversion
- It allows users to create proposals and get them signed online
- 17hats offers workflow automation
Cons
- 17hats lacks comprehensive double-entry accounting, offering only a profit and loss statement
- The cost of the software tends to quickly add up for small business owners
- It does not support inventory management and accounting which businesses with inventory like wholesalers and retailers need.
17hats Pricing
(Source 17hats.com)
17hats does not offer free plan. There is a 7-day free trial after which users have to upgrade to a paid plan.
Paid plans start from $15- $60 billed monthly.
What Customers are saying about 17hats
The only downside that I can see about 17Hats is that the quality of their bookkeeping is not as thorough or beneficial as other accounting software. I have to manually enter all of my expenses and I wish there was an option for me to take pictures of my receipts. (Review from Capterra)
It’s not as easy to get the hang of and is slightly expensive (Review from G2)
My main complaint is that they charge for educational seminars to help their users use their software better. They could definitely be more customer service-oriented by recording these seminars and providing access to them to all of their customers. It’s to their benefit that we can use the software at a deeper level. (Review from Capterra)
The accounting software is too basic for my liking. It may be fine for some, but it doesn’t have many of the functions I really need to feel like my books are in order. (Review from G2)
The payment integration cost more and since it’s an essential feature, it is a steep cost. Especially when we already pay the payment managers merchant fees as well. Also, the software doesn’t offer inventory management, which is why I left. (Review from Capterra)
Related Post: Honeybook vs Quickbooks: 2023 Comparison
HoneyBook
HoneyBook is a tool used by creative service providers to invoice clients, send proposals, receive payment, and manage clients. Plans start from $19 to $79 billed monthly. HoneyBook is available in the US and Canada only.
Pros
- It has a variety of professional templates for contracts, invoices and proposals.
- Provides a secure payment processing system, enabling users to accept online payments, which is convenient for clients.
Cons
- Lacks comprehensive reports for businesses
- It tends to be expensive for small businesses
- Available to businesses located in the US and Canada only
- The range of integrations with other software and tools is limited compared to other established platforms.
HoneyBook Pricing
- Starter Plan: $19 per month. Billed annually at $16 per month.
- Essentials Plan: $39 per month. Billed annually at $32 per month.
- Premium Plan: $79 per month. Billed annually at $66 per month.
Honeybook does not have a free plan, but they have a 7-day trial period.
(Source Honeybook.com)
What customers are saying about HoneyBook
I wish it wasn’t so expensive. I like the service, but I feel that the annual cost is pretty steep. (Review from G2)
The learning curve. As a busy business owner, it does take some time to practice and perfect. (Review from G2)
One of the areas where I feel this platform could use some improvement is its reporting and analytics functionality. While the platform provides basic data on projects, payments, and clients, I would like access to more advanced and customizable metrics that allow me to more closely track how my business is performing. (Review from Capterra)
One of my most significant pain points with Honeybook is their Reports sections. The reports are converted into downloadable CVS documents. The problem is that they are incredibly messy, difficult to understand and make trying to keep track of earnings a headache. (Review from G2)
17hats vs. Honeybook: Feature Comparison
| Feature | 17hats | Honeybook |
| Free Plan | No | No |
| Invoicing | Yes | Yes |
| Inventory tracking | No | No |
| Accounting reports | Yes (Profit and Loss Statement only) | No |
| Estimates and Quotes | Yes | Yes |
| Vendor Billing | No | No |
| Multiple user access | Yes | Yes |
| Audit Trail | Yes | No |
| Budgeting tools | No | No |
Vencru: The Invoicing and Accounting Software for All Businesses
Vencru is a simple all-in-one invoicing, inventory management and accounting software. Built with small business owners at heart, Vencru offers comprehensive accounting and business management all at an affordable price!
Unlike Honeybook and 17hats, which lack comprehensive accounting and inventory management features and come with steep costs, Vencru offers simplicity with comprehensiveness at affordable rates with plans starting at $6 to $50 billed monthly.
Effortlessly invoice clients from anywhere, monitor inventory and orders, streamline your sales process using a POS app, keep track of expenses, generate detailed accounting and business reports, efficiently manage customer relations, oversee vendors, monitor employee performance, collaborate with team members, and much more—all on Vencru!
| Feature | Vencru | 17hats | Honeybook |
| Free Plan | Yes | No | No |
| Coverage | Worldwide with over 160 supported currencies | US and Canada | US and Canada |
| Intuitive (Easy to use) | Yes | Yes | Yes |
| Pricing (billed monthly) | Starts at $6 | Starts at $15 | Starts at $19 |
| Invoicing | Yes | Yes | Yes |
| Inventory management | Yes | No | No |
| Estimates and Quotes | Yes | Yes | Yes |
| Order Management (shipping status) | Yes | No | No |
| Accept Online Payment | Yes | Yes | Yes |
| Multicurrency (For sales and expenses) | Yes | Yes | Yes |
| POS App (Mobile, Desktop and Web) | Yes | No | No |
| Tax reporting | Yes | Yes | No |
| Purchase Order and Vendor Bills | Yes | No | No |
| Business reports | Yes | Yes | Yes |
| Double-Entry Accounting reports | Yes | No (Has only Profit and Loss Statement) | No |
| Employee management (sales by employee report) | Yes | No | No |
| Budgeting tools | Yes | No | No |
| Product barcode scanning for sales and inventory | Yes | No | No |
| Expiry date tracking for products | Yes | No | No |
| Audit Trail | Yes | No | No |
| Mobile App | Yes | Yes | Yes |
Key features of Vencru
- Invoicing and Sales Management– Create online invoices in less than a minute. Automatically track debtors, manage business sales, improve cash flow, and get your financial reports
- Estimates and Quotes– Create estimates in various currencies and seamlessly convert estimates into invoices.
- Inventory Management– Keep track of what you have in store, update when to restock, and deduct when you create invoices or receipts
- Double-Entry Accounting– Powerful and robust double-entry accounting system. Track assets, liabilities, equity, revenue, and expenses.
- Expense Management– Track and manage all your business expenses and receipts in one place. Say goodbye to manual expense reporting and streamline your finances.
- Vendor Billing– Make and send vendor bills, track orders and deliveries, and sync inventory items easily.
- Business Reporting– Convert all data into insights needed to grow your business with simplified business reports. Review dashboards and reports on your sales, expenses, inventory and clients.
- Accept Online Payments– Accept online payments with credit cards, debit cards, eChecks, and more, and have every penny accounted for with our bookkeeping features.
- Client Management- Manage your clients, automate client statement reports, track their orders, and keep on top of your debtors.
Vencru Pricing
Check out our pricing page!
Free Trial: Signup for a free 14-day trial on Vencru. No credit card is required! See how Vencru makes managing your business very simple!
Demo: If you prefer, you can schedule a free demo with one of our experts. We’ll answer all your questions.
How to migrate to Vencru from 17hats or Honeybook
Want to migrate from your present business management software to Vencru? Here’s how easy it is:
- Book a free demo with our customer support team
- Decide on the best plan that works for you
- We will work with you and provide training on how to migrate successfully.
