Best Accounting Software for Mac – “Hey, anybody can do my accounting homework?” No, I meant to ask a totally different question. Why didn’t you relate it to a better question? “Hey, anybody can do my accounting homework?” If you have the same question as the title, then this article will really help you. The best thing about being an online business is that you don’t have to worry about the bookkeeping risk and just focus on your core business. But what if one day your system suddenly collapses? Are you prepared for this? Are your customer services still available every time they needed you?
Choosing the best accounting software for mac is no easy decision, especially if you are new to business world. Searching for free accounting software for mac or offline accounting software for mac may look like an uphill task. But, don’t worry because I would be your friend in this case.
QuickBooks
Intuit’s QuickBooks for Mac is a small business accounting software that can be locally installed or hosted. Core functionalities include:
- Tracking expenses and revenue
- Invoicing
- General ledger
- Inventory tracking
- Payroll
- Purchase order management
- Time tracking
iCloud document sharing is also available–it lets you share your files between Macs connected through iCloud.
Pricing: QuickBooks Desktop for Mac starts at a one-time fee of $299.95.
FreshBooks
Next on our list of the 20 best accounting software for Mac is FreshBooks, a popular accounting software that makes financial management an easy undertaking. Using the solution, you can handle recurring subscriptions and invoices with relative ease. It is also capable of collecting online payments as it supports credit cards, Google Checkout, and PayPal payments. The product seamlessly integrates with popular business apps, enabling you to streamline such processes. As FreshBooks is a total solution, you need not invest in additional software, giving you financial control from a single console.
FreshBooks is available in a variety of pricing schemes starting at $15/month.
The software’s latest version offers more advanced features that can help you boost your financial management capabilities. The platform offers a dashboard that is designed to make customization easier for you. In case you are worried about data security, the vendor provides secure backups that make sure that your data are kept safe at all times.
The app ensures that your charges are accurate, even allowing you to use its iOS and Android applications to track your work time outside. After all, it’s also the billing and invoicing solution of choice for many.
AccountEdge Pro
AccountEdge Pro is a complete small business accounting and management solution that runs locally on your Mac. The solution is very straight forward to learn–offering ease of use when it comes to inputting sales, recording purchases, running payroll, or building your inventory.
AccountEdge Pro for Mac has long been a full-featured on-premise accounting system for Mac users. With the switch to macOS Catalina, AccountEdge is not able to offer a compliant version of the classic version of Mac. Due to the popularity of the system for the Mac, the developers have promised to release a Catalina-compliant version of the classic version in Fall 2020. The program is still available for Mac-users who have not upgraded to Catalina, by using a Parallels virtual machine environment, or via their hosted version.
AccountEdge features accounts payable, accounts receivable, general ledger, invoicing, time billing, purchase order management, payroll, and inventory management. Business Insights are available to Mac users only–this functionality calculates financial information and provides information on profits, operating balances, and turnover in the fiscal year.
Pricing: AccountEdge Pro for Mac starts at a one-time fee of $199 for single user access or $349 for multi user.
Quicken Deluxe
For personal accounting needs, Quicken Deluxe is the best. This Mac accounting software program tracks expenses and income but also lets you pay bills from within the program itself. It has a portfolio view to track investments, plus all the tools for balancing accounts, tracking debts, and creating monthly budgets. Quicken shows you spending trends and keeps receipts and other spending data handy for when it’s time to file income tax returns.
Quicken does have programs for business finances, including software specific for an industry. For example, Quicken Property Management helps you keep track of renter income, property repairs, insurance, and property tax expenses. It even has forms and documents, like rental agreements, ready to print, or file digital copies of signed forms within the program, too.
Quicken Deluxe for Mac
Quicken Deluxe has accounting tools devoted to helping you stay within your monthly budget, pay down debt, and track investment portfolios.
NetSuite ERP
A robust and highly-scalable enterprise resource planning software, NetSuite ERP is an accounting software for small and large businesses. The solution essentially automates processes such as billing, inventory and order management, fixed assets, and financial management. It also allows both management and rank and file employees to view key performance reports. The platform smoothly integrates with other NetSuite apps, including ecommerce, inventory, CRM, and order management products.
The software can provide you with an efficient supply chain with its total inventory management feature. This includes a real-time view of important suppliers, inventory, and procurement indicators. You can take advantage of the NetSuite ERP free trial to learn more about its features.
For your accounting needs, the app helps you accurately manage expenses, revenues, and financial disclosure. Its revenue recognition management feature lets you calculate and come up with financial statements for product and service sales.
NetSuite ERP is available on a price-quote basis. You can contact the vendor and request a customized quote. The vendor offers a comprehensive free trial to get you up to speed with the features.
Xero
Xero is a popular cloud-based accounting solution that markets heavily towards Mac users. Some functionalities include:
- Importing transactional data from linked bank accounts or PayPal
- Tracking cash flow
- Keeping detailed financial records for tax time
- Creating financial reports
- Automating sales tax rate calculation
- Sending payment reminders
Mobile apps are also available for the iPhone, iPad, and Apple Watch to manage your financials on the go. Xero also uses Apple’s Touch ID to increase the security of your data.
Xero acknowledges that while many Mac users prefer a dedicated Apple software, it can be difficult to provide to provide the same features to both Windows and Mac users with separate options. Because of this, their web-based option is cross-platform compatible–mainly to avoid workarounds and to improve the ease of sharing data to PC users (such as an accountant your business may use).
Pricing: Xero’s pricing starts at $9/month for a limited plan that lets you send up to 5 invoices, enter 5 bills, and reconcile 20 bank transactions.
Free Agent
edit card account activities, and sync your information with your tax agent.
FreeAgent is a great tool for keeping track of personal expenses, too. It keeps them separate, but also shows how you contracted earnings affect your monthly budget, income to debt ratio, and income tax expenses. FreeAgent is a cloud-based program, so you can access information from your phone or tablet as well as from Mac and Windows desktops.
Zoho Books
Zoho Books is an online accounting software that lets you manage your financials and banking, automate your sales and purchasing workflows, and even track time and create reports. Zoho Books includes accounting capabilities such as accrual accounting, good control over the chart of accounts, and the ability to create journal entries. Small business owners can create profit and loss statements and balance sheets to monitor the financial health of their business.
Zoho Books has a strong mobile accounting app that is available for iOS and Android devices. The iOS version lets you send invoices, estimates, and account statements to customers within an iMessage app. GPS and Apple Maps can help track mileage and turn it into an expense. Siri can also be used for reminders about transactions. Zoho Books even has an app for the Apple Watch.
Pricing: Zoho Book’s pricing starts at $9/month for the basic version. Yearly pricing is available as a discount over month to month pricing. Additional users start at $2/month.
Conclusion:
Accounting software allows you to keep track of the money in your small business, write financial statements that you can share with your bank manager or investors or simply save for tax time. A good accounting program for Mac should help you organize your finances, see how much money is coming in and out of your business on a daily basis, do bookkeeping on the go, audit your books at the click of a button, email financial reports to clients or printers and make sure your best asset –your hard-earned money– is guarded by multiple backups.