” This article is about the Top 10 Accounting Software Companies . These companies are best among all accounting firms across the world. They provide customers with advanced business management software and services.
If you are a business owner then you need the best accounting software to assist you in your business and keep it in check. The business world is growing day by day and there is a need for proper and reliable tools that will assist both private and small scale businesses to make sure they are on track without missing anything or any figures written down. Here are top 10 accounting software companies located conveniently near you.
Xero: Best for Growing Businesses
XeroXero offers more than 700 app integrations to manage all aspects of your business.You get support via email and live chat 24 hours a day.Xero isn’t as well known as QuickBooks, which may affect your accountant’s learning curve.COMPARE QUOTES
Although many businesses start small, they don’t always stay that way. You want accounting software that can grow alongside your business, and Xero does exactly that.
Editor’s score: 8.5/10
Unlike accounting programs that base pricing on the number of users each plan supports, Xero’s subscription plans support unlimited users. So, as your business grows, you can add new employees to your account at no additional cost. All plans include most features, such as estimates, inventory tracking and recurrent invoicing. The software supports more than 700 app integrations, and it comes with 24/7 email and live chat support.
There’s another reason we chose Xero as the best accounting software for growing businesses: The pricing plans were created for different stages of a company’s growth. Xero has plans for freelancers, solo traders, business owners just starting out, more established small businesses and even enterprises.
Xero can run over 50 reports, including profit and loss statements and a general ledger. You can customize reports, view them as charts, search date ranges and apply other filters. Once you’re done running a report, you have the choice to print it or export it as a PDF, Excel spreadsheet or Google Sheet.
Like other accounting software, Xero lets you manage inventory, which is extremely helpful if your business sells and stocks a lot of products. You can track items in real time, monitor inventory and spot trends in your sales. Through its recent acquisition of LOCATE Inventory, Xero is making it easier for users to automate inventory tasks, better manage supply and demand, and enhance pricing. Xero customers also have access to new channels to sell their products.
Xero also provides mobile access via apps for the iPhone, iPad and Apple Watch. This accounting software is also easy to use, thanks to an interactive dashboard that tells information such as when invoices are due and which bills still need to be paid.
On top of all that, you get project management tools if you sign up for the Established plan. Using these tools, you can track tasks, expenses, budgets, billable time and payments, as well as collaborate with other users on specific projects and invoice customers through the software.
We believe that Xero’s assortment of features, combined with its customer support, makes it one of the better options on the market. When you add in the mobile app, you get an ideal accounting software for growing businesses.
ZarMoney: Best for Transparent Pricing
ZarMoneyThe ZarMoney website clearly lays out pricing.ZarMoney connects with more than 9,600 banks in the U.S. and Canada to automatically import bank transactions.You can’t send recurring invoices yet.COMPARE QUOTES
With ZarMoney, there are no secrets about pricing. The company’s website states exactly how much you’ll pay monthly, which is why we chose it as our pick for the best accounting software for transparent pricing. Far too often, it’s hard to determine how much an accounting program will cost, making it difficult to comparison-shop. ZarMoney, by contrast, prides itself on being straightforward, and that’s reflected in the clearly laid-out pricing plans.
Editor’s score: 8.25/10
ZarMoney has simple pricing plans geared toward entrepreneurs, small business owners and enterprises. The entrepreneur plan is $15 a month for one user and supports unlimited transactions, and the small business plan covers unlimited transactions and two users for $20 a month. Each additional user on those plans costs $10 a month. For large businesses that want more than 30 users, ZarMoney charges $350 a month. All plans provide customer support in the U.S.
ZarMoney has a toolbar that shows you how much the software costs per month based on the number of users. We like that you can add and remove users based on your business’s current needs. If you add another user, the account is automatically updated, saving you time because you don’t have to contact customer service to make a change.
ZarMoney includes many accounting features at an affordable rate. Through the software’s accounts receivable solutions, you can manage the status of estimates and sales, accept online credit card payments, and provide different payment terms and early-payment discounts. Soon, you will be able to send recurring invoices.
ZarMoney connects with more than 9,600 banks in the U.S. and Canada, which means there’s a good chance it supports your bank. With these connections, ZarMoney automatically imports bank transactions daily for you to approve and/or edit. You can also make batch deposits, calculate sales tax and easily transfer funds.
FreshBooks
The most crucial accounting need for most service-based businesses is invoicing. FreshBooks offers more customizations for invoicing compared to other accounting software. Its primary function is to send, receive, print, and pay invoices, but it can also take care of a business’ basic bookkeeping needs as well. This accounting software makes it easier for service-based businesses to send proposals and invoices, request deposits, collect client retainers, track time on projects, and receive payments.Pros
- Cloud-based
- User-friendly interface
- Third-party app integration
- Affordable
- Advanced invoicing features
Cons
- No inventory management
- No payroll service
- Mobile app has limitations
Founded in 2003 in Toronto, FreshBooks started as just an invoicing software. Over time, more features have been added and FreshBooks now has over 500 employees. There are four different plans, and businesses can get a 10% discount if they choose to pay yearly, rather than monthly. Additionally, FreshBooks offers a 60% off discount per month for six months. The four plans are: Lite at $6 per month, Plus at $10 per month, Premium at $20 per month, and Select, which is a custom service with custom pricing.
The main difference between the four plans is the number of different clients that are allowed to be billed per month. In the Lite plan, up to five clients can be billed per month. In the Plus plan, up to 50 clients can be billed per month. In the Premium plan, unlimited clients can be billed per month. The Select plan also does not have a limitation on the number of clients that can be billed per month, but adds unique features. It costs an additional $10 per month for multiple team members to use the accounting software and it costs an additional $20 per month for the advanced payment feature, which allows users to charge a credit card in real-time or set up a recurring credit card charge for a client.
There are many third-party app integrations available, such as Shopify, Gusto, Stripe, G Suite, and more. A unique feature of FreshBooks is that invoices can be highly stylized and customized for a professional look and feel. FreshBooks is a great tool for budgeting out projects, sending estimates or proposals, and collecting customer payments.
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.
Conclusion
The top 10 accounting software companies are not only known for enabling companies to track their cash flow efficiently, but also for optimizing the utilization of their assets and manpower.