Check Out These 7 Top Accounting Software!
Businesses use accounting software to tackle their finances, income, and expenses. It’s an effective and efficient way for individuals to narrow down the hassle and avoid manual handling. Additionally, such software has plenty of features; they easily store crucial documents that can be accessed at any time of the day, manage your financial needs, and give instant solutions.
If you are not already using accounting software, then you must! It saves a lot of time and keeps track of your individual and business finances.
In this post, I am listing the 7 best accounting software available in the market with some impressive features.
7 Best Accounting Software For You!
FreshBooks
It is one of the most used accounting software with exceptional features. The invoicing and other features are specially built for all business sizes. In addition, it integrates with around 100 other applications to streamline your business. You can connect with your teams and clients easily.
Features
- Free trial for 30 days.
- Used by 30M+ people worldwide.
- Tax-friendly expense categories.
- Multi-currency billing.
- Automatic tax calculations.
Pricing
Lite: $4.50 per month
Plus: $9.00 per month
Wave Accounting
This app is an excellent money management software for business owners and individuals. It comes with a user-friendly dashboard containing data analytics of your money. Further, it offers invoicing software that is 100% free to use. There are paid features also, such as online payment processing, payroll software, and personalized bookkeeping services.
Features
- Free 30-day trial after signing up.
- Provides complete security by 256-bit SSL encryption.
- Offers an in-house team of accounting and payroll experts.
- Quick payments using several options like a credit card, bank transfer, or Apple Pay.
- Monitor the cash flow and stay organized in the best way possible.
Pricing
- Click here for complete details.
Intuit QuickBooks
This accounting software is an excellent option for small businesses. Your data is organized on the cloud, and it becomes easy to track expenses and manage invoices. In addition, you also get a real-time view of your transactions.
It also provides impressive invoicing features like payment reminders and invoice tracking.
Features
- Easy accessibility of online reports.
- Inventory management software.
- Automatic backups of your data daily.
- Connect all your bank accounts to this accounting software and keep track of transactions.
- Track all your expenses for tax time.
Pricing
Free app.
AccountEdge Pro
This application makes it easy to manage your banking account and expenses within a few clicks. It offers to create entries for equity, asset, income, and liability. This app contains a Company Data Auditor that protects and secures your data.
Features
- Easier job budgeting and analysis.
- Easy reminders for the completion of schedules.
- Provides robust emailing features to email invoices, statements, payments, receipts, purchase orders, and more.
- Usable on any device.
- Sign up for free.
Pricing
AccountEdge Basic: $149 (one-time fee for one user)
AccountEdge Pro: $499 one-time fee, or $15 for multiple users.
Xero
Xero is a great option for managing finances, sales, purchases, bills, and expenses. It provides reports and analytics of your expenses and keeps a track record of the same. Moreover, this app uses artificial intelligence and offers automatic processes for you. Each feature and integration option makes it one of the best accounting software available today.
Features
- Uses advanced analytics to track finances.
- Processes billable employee expense claims.
- Powerful reporting options.
- Best recommended for small businesses with well-integrated features.
Pricing
Starter: $40 per month
Standard: $40 per month
Premium: $54 per month
Neat
It’s an accounting and preparation firm. With proper tax planning, it is possible to reduce your tax amount and save money, this app helps you with just that! It also offers virtual bookkeeping services to track your finances and take care of your business.
Moreover, to see profitable results, it provides financial management solutions.
Features
- Customizable reports with excellent user experience.
- Various ways to upload transactions.
- Highly recommended for very small businesses, freelancers, or sole proprietors.
- Well-organized records.
Pricing
Neat: $200 per year
VIP Service: Neat + $50 per year
Automated Insights: Neat + $150 per year
Sage 50 Cloud Accounting
This accounting software is specially designed for desktop use. It is highly recommended for companies who have to manage and track inventories. Moreover, it also provides great customizability. It is well-integrated with Microsoft 365.
Features
- Impressive inventory management tools.
- Makes Tax Digital ready for VAT.
- Manages cash flow, expenses, and payments.
- Set up invoices and transactions.
- Automated bank reconciliation.
- Invoice and trade in foreign currencies, too (additional fees).
Pricing
Sage Business Cloud Accounting: -
Sage 50 Accounts Standard: £77.00 per month
Sage 50 Accounts Professional: £155.00 per month
Wrapping Up
No matter the size of the business, every business needs accounting software to keep track of its finances. Hence, selecting the right accounting software for yourself is of utmost importance.
As there are multiple options available, you must match the requirements of your business to the accounting software and then make an informed decision. Important points to consider are budget, security, automated tracking of finances, ways to reduce tax amounts, and suitability to the business size!
I hope this post helps you understand the topic more clearly. Stay tuned for more content!
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