In today’s scenario where things have become even more complex due to covid 19. Business people have to look for more innovative ways to run their business. Accounting plays a vital role in running and expanding a business. You have multiple accounting software in the market to assist you, but you need to pick the best option for your business.
Our experts have studied and listed the top 15 accounting software for your business. Let us dive deeper into the topic and discuss the features, benefits, and prices of each.
TOP 15 ACCOUNTING TOOLS FOR YOUR BUSINESS
1. FreshBooks
First on our rundown of the 15 best accounting software is the one that undertakes your accounting burden on itself. You can easily recognize recurring invoices and subscriptions effortlessly with FreshBooks.
You can use your credit cards, PayPal and Google Checkouts. This software aligns with your preferred accounting software and carries out the further tasks seamlessly. However, it dissolves the need for extra software as it is self-sufficient in itself.
Its advanced features allow the user to manage their finances even better. Furthermore, you can personalize its dashboard and enjoy a sense of security with its secure and regular data backups.
WHAT MAKES FRESHBOOKS STAND OUT?
- Robust yet straightforward: its most recent feature is designed to be simple yet advanced. You get a streamlined interface with the software and collaborations within the team members, leading to better quality output.
- Mobile version: one of the best parts of using FreshBooks is that you can access it via your phone anytime and anywhere.
- Pay online: you can make payments via various online payment methods such as PayPal, Credit Cards, and Google Checkouts.
- Seamless invoice to payment: if you have a small business, you might like this feature of FreshBooks, where you can identify the precise location where your client viewed the invoice email.
- Manage your billing history: this feature allows the user to track down the past and current invoice records. You can use this function and extract unpaid invoices instantly.
2. NetSuite ERP
NetSuite ERP integrates general ledger and other financial tools with eCommerce, Sales, and marketing to expand your business.
You get a contact manager as a sales tool that helps you administer leads, allows automatic communication, tracks your sales, creates quotes, and synchronizes your calendar for a better experience. This software makes it easier to manage and process your orders. You can look after your stocks with your inventory management tool. Finally, a shipping module avails you more flexible features as per your increasing needs.
Its dashboard allows you to access your Key Point Indicators. You can open it on any mobile you use. You have got the file manager with you that will enable you to share and operate a task efficiently, and also, there is a robust reporting tool that makes report importing and exporting a piece of cake. The dashboard is easy to read, even if you are no expert.
HOW NetSuite ERP stands out?
- Affordable: NetSuite ERP is most suitable for small businesses. It is an affordable solution that fulfills your needs, and it is something you can start using quickly. It can be configured easily, and you get an easy-to-use interface.
- Recognize where your business is lacking: this application prepares all the necessary financial information at hand. It enlightens you in your weak areas so you can overcome them and expand your business.
- Access NetSuite ERP anywhere: you can still access NetSuite ERP even if you can not access a desktop at the moment. All you need is an internet connection and a capable smartphone, and you are good to go.
- Let it operate, and don’t bother technical issues. After setting up this affordable and advanced solution, all you have to do is let it manage your accounting activities and don’t bother technical matters.
3. QuickBooks Online
QuickBooks Online is an advanced and affordable accounting solution that targets mainly small business groups and breaks down the most complex accounting tasks. It didn’t take too long for QuickBooks to become the most cherished accounting software among accountants, bookkeepers, and small business people. Up to five people can access its features.
It has an interesting feature where it integrates different business profiles to a single dashboard. It allows various users to access reports and incorporate accounts. It can create profits and loss sheets, invoices, and billing, which you can easily open on your mobile phones. You can also generate custom reports and feeds from your dashboard.
You can get this software for different prices packaged as per your business requirements.
WHAT MAKES QUICKBOOKS STAND OUT?
- Manage accounts: QuickBooks allows its users to access, create, edit and share the accounting data with the relevant groups.
- Access online: you can open QuickBooks anytime, anywhere. All you need is an internet connection and a relevant device. You can also create custom charts and feeds with this software.
- Backup and Security: All of your data is stored in its cloud, leaving you with a sense of security. Moreover, you can easily access and export them to excel spreadsheets.
- Upgrades: with the subscription package, you get QuickBooks error support.
4. Tipalti
Tipalti is an excellent accounting software payments, manages your accounting tasks, and helps you meet deadlines. This accounting solution is ideal for dealing with mom compliance, delayed payments, administration overload, and human error complications. It saves you a tonne of time as it does all the financial management on your behalf.
Apart from this, this particular software can automate any business payments worldwide, such as tax compliance. This software assures you to stay compliant with current tax and other legal requirements without excessive human intervention.
HOW TIPALTI STANDS OUT IN A CROWD?
- Automatic payments: the software can automate up to 50% of your expenses in more than 180 countries. It is best for reconciliation of payments and financial reporting, and so on.
- Facilitate payments: with Tipalti, your costs become even more accessible. You can pay up to 190 countries, 120 currencies under more than five payment methods.
- Tax preparations: Tripalti does the tax preparations for you and prevents payments to illegal groups.
- Advanced reporting: with Tripalti, you get an undeniable reporting system that creates precise payment reconciliation reports without much interference from managers.
5. Sage Business Cloud Accounting
Sage offers cloud-based accounting and invoicing management assistance designed to target small businesses. Its most prominent functions include accounting and expense management. One thing that separates Sage 50c from its older versions is the additional service that allows you to store your data on the cloud. Therefore, you can access your information anytime, anywhere.
The system graphs and dashboards, and transactions give an overview of where your business stands. It makes cash flow administration even more straightforward by generating a history of purchases and sales. You can easily access this app via smartphone, allowing you to access your data in real-time.
WHAT MAKES SAGE BUSINESS CLOUD ACCOUNTING UNIQUE?
- An accounting solution for small businesses: sage targets small business people and allowing them to take care of their accounting activities. You can easily administer your payment processes such as estimates, pricing, and price quotations.
- Cloud storage: its cloud storage feature allows its users to access their data anytime, anywhere.
- The excellent dashboard features: you can stay updated with your cash flow, as you have all your information ready on your dashboard.
- Manage tax: sage can help you manage your taxes; you can compute your taxes precisely as per your financial information. You can easily foretell your cash flow.
- Mobile accessibility: you can use this application on your phone and generate invoices, expense recording, and view graphs, and present your business output.
6. Plooto:
It is one of the most robust accounting software that allows end-to-end AP/AR automation. This application can easily take care of your cash flow and ensures you pay your bills on time. Pluto provides a quick and prompt payment.
WHAT MAKES PLOOTO DIFFERENT?
- Record Keeping: with the help of an audit trail, you can allot approval roles to different people and track the whole process seamlessly.
- Account reconciliation: photo can work hand in hand with your current software, so your financial transactions are automatically synced. Therefore you do not have to put additional efforts into this cause.
- PAD: it is an extraordinary feature that breaks down payments for recurring bills.
- Contact Manager: lastly, pluto simplifies the customer’s contact data management.
7. Program
This software explicitly encourages its users to form the most appropriate procurement decisions. The program can work for any business as it mainly focuses on procurement, and every company does that. You can benefit from its customizable and amicable solution for the same.
You can avail of its services only for $15 a month per user. but, if you don’t have enough procurement requirements, you can hop right into its free version.
WHAT MAKES TRADOGRAM UNIQUE?
- Connect to the suppliers: you can use the program as an e-procurement and supplier management solution. It connects you to the supplier enabling you to procure the finest quality material and services.
- Manage your spendings: to achieve the best quality material, and you do not have to spend a fortune. The program analyzes and manages your spendings, ensuring you the best quality material without the risk of going empty on your finances.
- Automatic procedures: you can save a bulk of time with its automation capabilities, applying to buying, sourcing, and managing the supply chain.
8. Zoho Books
Zoho Books mainly targets small businesses and manages their accounting and bookkeeping needs. It is well renowned for its ease to use and assists its users in making appropriate business decisions. Not only this, but you can also receive excellent business support with Zoho.
- Bank feeds that are automated: Both credit card and bank transactions are imported into Zoho Books, removing the need for manual data entry. These records are also classified according to bank policies.
- Customer involvement: Customers are engaged by the app’s teamwork features, making them feel like they are a part of the payment process. This is accomplished by giving clients online access to their invoices and figures and the ability to make payments directly.
- Distribution and recording of invoices: Users may use the device to receive prepayments and retainers. Person figures can be based on invoices. Offline payments may be logged and also associated with specific invoices and programs.
- Management and recording of projects: Zoho Books will monitor project costs and invoice customers by simply inserting the time spent on projects into the system.
9. SignRequest
It is an e-signature program that saves you a tonne of time by being a part of your business’s workflow. You no longer have to sign, scan and resend documents and think about how much paper, ink, and electrictricity you could save.
SignRequest also provides an additional layer of encryption to your documents. Since it uses SSL 256-bit encryption to secure every copy and signature, it processes. Apart from your e-signature, you can also use a GlobalSign digital certificate to sign documents. This increases data protection and prevents fraud.
WHAT MAKES SIGN REQUESTS UNIQUE?
- Any market activity can be integrated: Since SignRequest will fit with every business workflow, it allows accounting to be safer.
- Savings in resources: You may add e-signatures or digital signatures to documents using SignRequest. This eliminates the need to print paperwork to sign them, saving you time and money.
- SSL gives encryption: Any document and signature that passes through SignRequest’s device are encrypted with SSL.
- GlobalSign is a company that specializes in digital signatures: By allowing you to use a GlobalSign digital certificate, the app provides another layer of authentication to your company transactions.
10. Zoho Expense
The software will also capture credit card spending expenses, which is a convenient function. It can be used at any time and from any location since it works on any computer. Problems stemming from budget caps and allowable expenses are reduced, resulting in company spending practices being followed and enforced. Zoho Books and Zoho CRM are two popular integrations that enable users to use a single account with all resources.
WHAT MAKES ZOHO EXPENSE STAND OUT?
- It’s simple to log: Zoho Cost makes it simple to monitor all business costs in real-time, saving users time. It allows for credit card purchases to be synced and accessed automatically. In such documents, even the tiniest yet crucial information can be used.
- Reports on expenses: With a single mouse click, the solution will review and accept cost reports. Approvers, managers, and submitters are the three types of users that perform various positions in the system’s operations.
- Other Zoho brands can be integrated: Since it integrates with Zoho CRM and Zoho Invoice, the device is perfect for Zoho productivity software consumers.
11. FreeAgent
FreeAgent plans to cater to small business organizations and freelancers. Over 60,000 companies use FreeAgent to handle their budgets. The software has various tools to assist you with all of your essential financial practices and processes, such as payrolls, wages, schedules, predictions, invoices, bank accounts, cash reserves, time management, and project financial success.
Thanks to its integration feature, FreeAgent also provides smooth association by allowing you to connect it to all of your bank accounts and switch numbers in and out with just a few clicks. Zapier supports over 750 add-ons and integrates with over a dozen third-party apps and services.
WHAT MAKES FreeAgent STAND OUT?
- Designed with the needs of small businesses in mind: Small businesses, contractors, and freelancers will also benefit from the service, which includes all of the accounting and financial assistance they need.
- The navigation is straightforward and intuitive: The “Overview” dashboard provides a simplified and sleek interface that displays all essential details and helps you to access invoices, programs, forecasts, and timeslips easily.
- Advanced cost control: Small businesses can benefit from a progressive approach generally reserved for more expensive solutions. All expenses should be classified by currency, assigned to specific programs and activities, recorded, and tracked before the invoice is charged.
- Payments have been simplified: FreeAgent has expressly permitted costs to the system, allowing you to access the invoicing templates of all globally used payment systems.
- Expense tracking: This solution helps you manage the company’s spending using bank feeds and imported bank accounts and connection expenditures in the charging of clients to specific projects.
12. Sage 50cloud
Sage 50cloud is an online accounting solution designed to help SMEs track their profits and meet their tax collection and reporting requirements. This is an example of an online accounting approach. It contains all of the key planned features of a top-tier accounting platform, such as taxes, sourcing, budgeting, cash flow, and billing. Credit card purchase, HR/payroll, POS, e-commerce, data collection, and other features are included as add-ons. You will use the accountants’ smartphones to make on-the-go transfers, set up payment accounts, and have real-time access to accounting books.
HOW IS SAGE 50CLOUDS DIFFERENT?
- Bank-level security: With screen control for users and online banking protection, you can keep your finances safe and stable while still protecting your personal details.
- Designed for small to medium-sized businesses: The app is inexpensive and accessible to small and medium-sized enterprises, including its enterprise-grade capabilities. It is now the preferred accounting solution for over 7 million users in 23 countries.
- It IS simple to pay for: You should not need to be an accountant of checks and balances to ensure the financials are appropriate to plan the company for tax season.
13. Invoiced
Invoiced is an automated invoice receivable cloud-based program. Easy to use with a simple dashboard, the automation of collections, and the simplification of company payments are made more accessible. This cloud-based solution allows enterprises to simplify routine accounting processes to concentrate on other work freely. Users can navigate buttons, menus, and editing features on a user-friendly, simple dashboard. The facturation helps you generate invoices, view a consumer payment record, follow analytical data, such as fast/slow payment reports for customers and main AR metrics.
WHY WOULD YOU CHOOSE INVOICED?
- Dashboard straightforward: The Invoiced dashboard is easy to use and enables fast access to all required controls and customization software.
- Seamless array interconnected units: The facts assemble Invoice-to-Cash, payment plans for actual smooth collecting operations, Subscription Billing, and Customer Portal.
- Safe traffic online: For stable internet traffic and messages, the app uses HTTPS with TSL encryption.
14. Bench Accounting
Bench Accounting provides bookkeeping, accounting, and technical departments to meet the numerical requirements through the intuitional mobile app. This allows you to work more effectively on other company processes that could lead to more benefit and sales.
It is pretty straightforward to work with Bench Accounting. Your tablets, invoices, receipts, and other business transaction details are needed only. They can be submitted through a web application.
WHY BENCH ACCOUNTING STAND OUT?
- It’s a forum and a service: Bench Accounting eliminates the burden of bookkeeping and bookkeeping. You appoint a team to arrange the data to make sure it’s all correct.
- Easy method: it is straightforward and easy to Work with Bench Accounting ,all you need to collect is your invoices, receipts, and other transaction information and submit it to your team.
- You don’t have to submit your records to Bench Accounting via mail and risk them being lost or stolen if you use the web customer app. Instead, post them through an easy-to-use web-based app where you can also access updates and notifications from your allocated team.
15. AvidXchange
Additional elements make the app comprehensive and capable of helping you with all of your accounts and finances. AvidXchange’s buying order module and clearance workflow are two instances. You will use the buying order program to ensure that the company’s backend operates smoothly and consistently with a stable supply of critical materials. Meanwhile, it would be best to use the clearance workflow to ensure that the staff receives the materials they need as soon as possible.
WHY WOULD YOU PICK AVIDXCHANGE
- Designed for business-to-business transactions: The solution is standard with B2B organizations since it is explicitly developed for their use.
- Invoicing via electronic means: Paper invoices are inefficient, vulnerable to mistakes, and easily missed or damaged. AvidXchange fixes this problem with its electronic invoicing feature, which saves you money while also allowing you to keep reliable records.
- Bill transfers are made automatically: If you delay paying the bill by a single day, you can face fines. You can prevent this by using the solution’s automated payment feature.
- Platform safety: AvidXchange guarantees the protection of the data in the case of device faults or natural disasters.
CONCLUSION:
Through this article, we hope we could help you pick the most suitable accounting solution for your business. We presented the Top 15 accounting tools that we believe are best for you. You can go through each of their features and decide which one you need.