FreshBooks is the cloud accounting software for non-accountants, featuring easy-to-use, cloud-based tools that provide small companies with everything needed to properly and accurately manage accounting duties.
Microsoft Dynamics GP is an ERP solution designed with the financial needs of small and medium-sized businesses in mind. This solution provides control of financials, inventory, and operations-all in one centralized system. Microsoft GP is highly flexible and can be customized to your business ...
Xero is a cloud-based accounting software solution that is designed and priced to serve small and medium businesses with over 700+ tools for accounting, inventory, invoicing, reporting, and more. Xero is dedicated to creating "beautiful business" by offering comapnies robust, user-friendly...
By Intuit Inc.
QuickBooks, powered by Intuit, is an accounting software that is designed to fit the accounting needs of small and mid-sized companies. QuickBooks offers an array of tools and features that can be customized to fit the exact needs of your business.
Zoho Books is online accounting software that can be customized to your unique business and accounting needs. This system helps your company manage finances, automate business workflows, and work more collectively across departments.
By Passport Software Inc.
PBS Accounting Software, a product of Passport Software Inc, is an accounting solution designed small to mid-sized companies. This solution provides growing companies with comprehensive business accounting software that is powerful, affordable, and easy to use.
ZipBooks is a scalable and feature-rich accounting platform that takes care of the needs of any business, regardless of size.
By Patriot Software
Patriot Software is a trusted name in the HR, Payroll, and Accounting industry and they're top notch business software is well regarded and heavily adopted across companies of all types and sizes in the US. Patriot Accounting offers an accounting solution to help American businesses manage thei...
By Wave Financial Inc.
Easy to setup and use, Wave is an accounting application which offers everything the small business needs to get up and running when it comes to their finances. Track expenses and revenue in one central platform, while obtaining detailed financial statements at the end of each year.
Especially suited to SMBs, Deskera features all the necessary tools to run efficient accounting processes and maintain accurate books. Track employee time-off and run payroll from the same system, so you don’t need to depend on multiple applications to manage your business’s finances.
Accounting software is a system that captures, records, tracks, and processes business financial activities and transactions across a series of modules including:
Accounting software is used financial teams, individuals, or contractors to track, process, and report on financial processes such as invoicing, accounts payable and receivable, tax calculation & compliance, general ledger, income & expenses, payroll, and cash flow reporting & analytics.
The main types of accounting software include:
Microsoft Office Excel can be used to calculate certain accounting functions such as balance sheets, budgets, and statements, but the function of Excel is more for organizing data and performing calculations than for performing financial transactions and activities necessary to run a business.
The most common accounting software features include:
The benefits of using accounting software include:
Accounting software is often used by companies, individual accountants, consultants, business analysts, CFOs, auditors, and tax agencies to prepare financial reports, process payroll, and remit taxes.
The main types of accounting systems are cash-based accounting and accrual based accounting. Accounting software can be customized to the accounting method(s) used in an organization to provide all the tools needed.
While accounting software can provide companies with many advantages, there are some drawbacks to be aware of and plan for, including:
Accounting software is most beneficial for small, growing companies and large corporations as well. Any company that is quickly growing and adding more customers and employees can save time and money by buying and implementing accounting software to automate and manage key financial and reporting activities in the business.
Accounting software is available in a wide range of pricing plans, which can start at less than $10 a month per user. Depending on the complexity and size of the business, a more robust accounting software may be needed which can drive the price up to anywhere between $300 - $999 per user each month, plus annual licensing fees.
The top accounting trends include: