Top 10 Personal Accounting Software is a personal finance software provides some of the features of a full-scale accounting suite. Mint.com, YNAB and Quicken are the best free personal accounting software for storing your money online. If you want a personal accounting software to use at home, on a computer or on your mobile device then you can easily download them for free.
Do you enjoy tracking every penny in your pocket? Then you would like to see the top 10 personal accounting software listed below. These software are great for individuals or small businesses who want to manage their daily cash flow effectively.
Zoho Books
Best cloud accounting software for businesses needing an integrated ecosystem.
Best for:
Zoho Books is an ideal solution for small or medium-sized businesses, especially those interested in using the various products in the Zoho ecosystem. Zoho Books is an equally good standalone product as well, making it a flexible, cost-effective choice for a wide variety of users.
Key features:
Zoho Books features double-entry accounting and a comprehensive, convenient dashboard approach that allows the business owner or accountant to see a wide range of real-time data. Invoicing features include customizable invoice and estimate templates, recurring and scheduled invoices, automatic reminders, and more. Zoho Books’ reporting capabilities are also very good and include customization features, and there’s a handy Reports dashboard that’s built-in. Users requiring advanced reporting capabilities will want to look at Zoho Analytics.
One of Zoho Books’ best features is its contact management system. Because Zoho understands the way that businesses need to communicate with clients, its client portal is one of the best on the market. Clients can log in to view business transactions, and Zoho Books also allows users to push emails out to clients using built-in email templates.
Zoho Books also includes strong project management features. Within the platform, users can manage people and expenses and the project level, which is a feature unique to Zoho Books. Plus, user-level permissions facilitate allowing and restricting features as needed across the platform.
Like most accounting platforms, Zoho Books is available in a tiered subscription format. The Basic package, allows up to 50 contacts and five automated workflows, a sales approval process, and budgeting analysis. The Standard package includes all features in Basic and allows up to 500 contacts and 10 automated workflows along with bill tracking and automation, vendor credits, reporting tags, and a number of other features. The most comprehensive plan, Professional, allows more than 500 contacts and all the features from the Basic and Standard packages as well as sales orders, stock trading, a custom domain, purchase orders, and a vendor portal.
One disadvantage of using Zoho Books is that it restricts the number of users per subscription. In the Basic subscription, only two users are allowed. The Standard subscription allows three users, and the Professional subscription allows up to 10 users. Companies that require more users can purchase additional user licenses for a modest fee, but those fees can add up quickly for growing businesses who need to give broad access to the data. Zoho Books subscriptions also limit users to a single entity.
Users can access Zoho Books via a mobile app that’s available for Android and iOS. Apple ecosystem users will appreciate the comprehensive iOS app, which can be used on the iPhone, iPad, Apple Watch, and Apple TV. The iOS app even includes built-in Siri functionality for setting reminders and iMessage functionality for keeping in touch with clients on the go.
Zoho offers other platform integrated products for more niche forms of business management, such as Zoho Inventory, which is a fully-fledged inventory management platform that integrates seamlessly with Zoho Books. Businesses offering subscription based services can purchase Zoho Subscriptions, which is one of the only financing software packages on the market that is specifically designed for subscription-based revenue.
Ease of use:
Those familiar with the Zoho ecosystem will find Zoho Books to be quite easy to use. Those migrating from other packages may experience a bit of a learning curve as the Zoho interface can initially seem a bit clunky and cluttered. Zoho is focused on regular updates and ensuring that the user experience is good. Users will also find that the user documentation and customer service are excellent. Businesses that require software customization will find that some programming experience is helpful, but the API integration that’s available simplifies the customization process, and there are lots of third-party integrations that can help limit the amount of customization that’s necessary.
Cost:
The three Zoho Books subscriptions (Basic, Standard, and Professional) are all available for a reasonable cost, especially given how robust Zoho Books is. Expansion into additional Zoho products can cause the platform to become expensive, however, so new users should consider carefully what functionality is necessary and only expand when the need arises.
Things we liked:
- Good recurring transaction automation
- Cost-effective as a standalone accounting product
- Excellent APIs to facilitate customization
- Available complete ecosystem for growing businesses
- Good support and learning options
Things we didn’t like:
- Limited number of users on less expensive platforms
- May be too feature-rich for smaller companies
- No multi-entity support
QuickBooks Online
QuickBooks Online is perhaps the most recognized of all of the small business accounting applications. Designed exclusively for small businesses, QuickBooks Online offers easy anytime/anywhere access that was lacking in their more robust desktop version.
A good fit for small and growing businesses, QuickBooks Online is often compared to FreshBooks. It integrates with hundreds of third-party applications, making the application suitable for all types of businesses.
QuickBooks Online features vary widely from plan to plan, with many of the more robust features found only in the more expensive plans.
Features available in all plans include online banking connectivity, receipt capture capability for preparing expense reports, as well as a good expense management feature
QuickBooks Online offers easy expense management, including numerous bill payment options. Source: QuickBooks Online software.
Excellent sales tracking and inventory management capability are also available, and you can easily download the mobile app for both iOS and Android devices.
QuickBooks Online does not include payroll, but does include the option to add Intuit payroll services directly to their current plan.
In addition, QuickBooks also offers integration with other third-party payroll applications.
QuickBooks Online’s pricing can be confusing, with posted prices reflecting an initial discount, and regular pricing kicking in after the first three months. Pricing starts at $12.50/month for the Simple Start plan for a single user and rises to $25/month after three months.
Other plans include Plus, which is designed for five users and runs $35/month for the first three months and then doubles to $70, and go all the way to the Advanced plan, which can handle up to 25 users and starts at $75/month, rising to $150/month after three months.
One of the biggest benefits of using QuickBooks Online is its integration with hundreds of apps in a variety of categories which include payroll, inventory, HR, and project management.
myBooks
» Why You Should Buy This:
As a small business accounting software, myBooks is affordable yet loaded with features you need to keep your books of accounts spot-free. It easily syncs in your bank accounts and imports bank transactions automatically, freeing you from having to handle those separately on another app.
Designed intuitively, the software is easy to use, regardless of how tech-savvy you are or if you have used any such software before. Its sleek dashboard provides you with an overview of all your financial activities – from invoice reminders to file status to transaction alerts. That quickly fills you in all the important happenings, facilitating prompt actions & swift decisions.
» Who Is It For:
myBooks online accounting software solution fits perfectly well with the accounting requirements of small businesses. You could be a store-front, a home-based entrepreneur, a self-employed individual or even a construction business and trust myBooks for its accurate accounting functionality. If you are looking for a bookkeeping system that is cloud-based as well as simple to adapt to your business, then this one may work for you.
» Why We Picked It:
We placed myBooks in our top-rated accounting software for small businesses’ list given its all-inclusive features and affordability. It offers real-time updates on your financial status so that the key decision-makers can leverage those to grow the business. Its dashboard provides analytics in all the key accounting areas, whether it is income, expenses, invoices, or tax summaries. You can easily make your way around the solution due to its intuitive design. Moreover, it makes it simple to monitor and control the cash flow in the organization.
The primary feature for us, however, is the way you can define user roles to let them access only the aspects you have given permission for. That provides tremendous security and data privacy without driving your bookkeeping to a halt.
» Pricing Details:
You choose from the three plans of myBooks to get started with its software:
› Basic at 0 costs
› Premium at around $33.34 for an annual billing
› Standard at around $13.33 for an annual billing
» Pros and Cons:
Pros:
› Affordable to suit the budget of a small business
› All-inclusive features, from income & expenses to invoicing to tax assistance to reports, saving the day for you
› Flexible enough to adapt to your unique business accounting needs
› Supports transactions in multiple currencies, boosting your business growth
› Capability to handle multiple business accounts from a single user ID
› Automated imports of bank transactions, saving you precious time & efforts
› Bank-level security measures to ensure data protection
› Easy access from any device, wherever you are
Cons:
› Limited features for lower-priced plans
» Reviews & Ratings:
myBooks has obtained praises from its diverse set of users for its efficient handling of business bookkeeping needs. The ease of use and simple user experience are prime factors that make it a popular choice among small business owners. Here is the lowdown of the ratings users have given the system on the popular software reviewing platforms:
» Capterra: 4.4/5 » G2crowd: 4.4/5 » GetApp: 4.3/5
» Conclusion:
As a cloud accounting system, it offers all the prime features to keep business accounting books on track. And since it also helps you with your tax needs, it proves to be a good choice.
“myBooks helped me get paid on time from my customer and appear more professional to my customers ,Excellent features, excellent value, excellent support. Thanks for myBooks team.”
– Richard Taylor
Conclusion
Whether you are running your own business or just need to manage your personal finances there is an accounting software out there that can help ease this for you. There are some great tools on the market that can handle all of this for you, be it simple bookkeeping or payroll, VAT return or inventory management. Choosing the best software is extremely important as you will be spending a great deal of time using it so choose wisely.