There are several great accounting software in the Philippines. But lots of people struggle when it comes to choosing the right accounting software for their business. These problems especially happen in small husiness accounting software.
If you have a small business, here is a list of top accounting software in the Philippines to help you choose right accounting software for your business.
Xero
Xero offers smart online accounting, secure data protection and reliable data to help you manage your books¹. The product features you can access vary according to the plan you choose – which means you’ll always be able to get what you want, and you won’t need to pay for anything you don’t use. Xero offers integration with the Wise multi-currency account for business, which makes it easier than ever to cut the costs of international transactions while avoiding unnecessary admin.
Here are the account types you can choose from². In addition to these 3 accounting packages, there’s a payroll only option for up to 4 employees – priced at $10/month.
| Xero | Starter | Standard | Premium Five |
|---|---|---|---|
| Monthly price | $25 | $50 | $65 |
| Features | Send up to 5 invoices, enter 5 bills Reconcile up to 20 transactions Manage payroll for 1 person | Send unlimited invoices and bills Reconcile unlimited transactions Manage payroll for 2 people | All standard features, plus: Manage payroll for 5 people Automate superannuation Handle multiple currencies |
| Optional extras | Expenses – $5 per user/month Projects – $10 for the first user/month, then $7 per month for each additional Discounts available if added to the accounting plan | Expenses – $5 per user/month Projects – $10 for the first user/month, then $7 per month for each additional Discounts available if added to the accounting plan | Expenses – $5 per user/month Projects – $10 for the first user/month, then $7 per month for each additional Discounts available if added to the accounting plan |
If you wish for a more comprehensive accounting tool than the common Microsoft excel, you can opt for Xero. It is accounting software with features that make invoicing, billing, and data reporting easy. You can get all these amazing perks at a premium monthly cost but you can enjoy a free trial period upon sign up.
Visit Xero to learn more.
Quickbooks
Another accounting tool you can use with a monthly subscription is Quickbooks. It provides accountancy solutions such as tracking cash flow, managing sales or income, tax compliance organization, generating profit and loss reports, and even enjoy online payment since Quickbooks is partnered by Intuit Payments for faster transactions.
Intuit QuickBooks has an opening offer which means you pay only half the monthly fee for the first 3 months of use. Choose from any of the 3 packages available according to the functionality you need – all accounts include secure data storage, mobile access and customer support. You can also add additional payroll to your package for $4 per person/month if you need additional capacity³.
Here’s a rundown of the key features of each package available⁴:
| Intuit QuickBooks | Simple Start | Essentials | Plus |
|---|---|---|---|
| Monthly price | $20 ($10 for the first 3 months) | $35 ($17.50 for the first 3 months) | $50 ($25 for the first 3 months) |
| Features | Track income and expenses Create invoices and quotes Store receipts and kilometres Payroll for 4 people | Simple Start features, plus: Payroll for 7 people Up to 3 users Handle multiple currencies Recurring transactions | Essentials features, plus: Payroll for 10 people Up to 5 users Track inventory Manage budgets |
Rounded
Rounded is an Australian company, which has launched to support freelancers and the self employed, with efficient friendly customer service, and a range of support geared towards sole traders⁵.
Let’s take a look at the packages on offer⁶:
| Rounded | Starter | Pro |
|---|---|---|
| Monthly price | US$15/month (billed annually) | US$20/month (billed annually) |
| Features | Unlimited clients and quotes Send invoices and set up recurring invoices Track time and expenses Accept credit payments and send automated payment reminders Reporting to support tax filing | All the features of Starter, plus: Connect your bank account Track sales tax |
If this solution is a winner, try Quickbooks and enjoy a 30-day trial period!
Sprout Solutions
Unlike the first three accounting tools, Sprout Solutions is more focused on HR Administrative tasks with accountancy features. Preparing payroll and tracking your employee’s financial benefits and deductions are easier using this website. And best of all, it’s free for startups with only 50 or fewer employees!
Sign up or book a demo of Sprout Solutions’ services.
Sage
Sage Business Cloud Accounting provides accounting software with integrated payroll, which you can access from anywhere. The basic package comes with a good range of features, but you can also buy a number of other bolt-on functionalities, to make your accounting package do exactly what you need it to do⁷.
Here’s how it works⁸:
| Sage | Sage Business Cloud Accounting |
|---|---|
| Monthly price | $20/month |
| Features | Payroll for up to 4 people2 usersEmail invoices and statementsReports and BAS report servicesBank and credit card processing |
| Optional extras | Time tracking – $5/monthMulti-currency – $5/monthDirect bank feed – $7/monthAdditional companies – $20/monthAdditional users – $3/user per monthAdditional payroll – $5-6/employee per month |
For core accounting needs such as expense tracking management and project accounting, Sage 50 is the software you should look into. It is widely used by various SME Businesses for their accounting needs.
Find out how Sage 50 can cater to your business needs.
Zoho
Zoho allows users to manage everything from invoicing and expenses, order tracking and online payments, all in one place. Get a full end to end service with one of the packages available, and you’ll also be able to add on the extras you need to suit your business as it grows⁹.
Here’s what Zoho has to offer¹⁰:
| Zoho | Basic | Standard | Professional |
|---|---|---|---|
| Monthly price | $13.20/month | $26.40/month | $39.60/month |
| Features | Up to 50 customers or vendors 2 users 5 automated workflows Bank reconciliation Invoicing and expense tracking Budgeting Projects and timesheets | All the Basic features, plus: Up to 500 customers or vendors 3 users 10 automated workflows Purchase approval Twilio integration | All the Standard features, plus: Unlimited customers or vendors 10 users 10 automated workflows Purchase orders Inventory Custom domain |
| Optional extras | Additional users – $2.20/user per month Auto scans – 50 per month $5.50/month | Additional users – $2.20/user per month Auto scans – 50 per month $5.50/month | Additional users – $2.20/user per month Auto scans – 50 per month $5.50/month |
Zoho Invoice
If you’re looking for the best free accounting software to automate your invoicing workflows, then Zoho Invoice will be a top option. With the free version of Zoho Invoice, you’ll be able to invoice customers and manage payments through a single account. You’ll also be able to customize and brand invoice templates, track expenses, and interact with customers through a client portal. Not to mention, you can run integrated time tracking for yourself and employees for project billing.Sign Up for Zoho Invoice for Free
JuanTax
If you need a tool for tax compliance, JuanTax is the best solution for you. Through JuanTax, you can make digital copies of your important documents such as receipts for tax returns. You can even download tax forms and file them through their system.
Other notable features include a mobile version, automated tax calculation, client monitoring dashboard, and a cloud archive system for optimum data storage security.
Consult or talk to us and have your #TaxDoneRight with JuanTax.
No matter what stage you are in your accounting career, you’ll need a handy software to help you power through the heavy duties of an accountant. It doesn’t matter if you use one or more, as long as at the end of the day, you’ve done your job of protecting the assets of your business or client.
Apart from knowing the right tools, you also have to know important paperwork such as tax forms and other pertinent documents. Learn more about it and other helpful content on our blog.
ZipBooks
Another top free accounting software for small businesses to consider is ZipBooks. ZipBooks offers all the crucial features of an accounting software—reports, bank syncing, billing, expense management, and invoicing—in one free account.
If you want to offer online payments to your invoiced customers via ZipBooks, you’ll need to do so via Square or PayPal. You’ll pay the standard PayPal rates and Square rates for those transactions.
ZipBooks offers an integrated payroll add-on option with Gusto. Gusto starts at $39 per month, plus $6 per person per month. For a limited time, you can get the Core plan for a discounted price of a monthly $19 base cost for the first six months. Gusto also has a new option for contractor-only employers, who simply pay the $6 per employee rate and no base price.
Akaunting
You should also consider a free accounting software called Akaunting. This option offers many of the most necessary features that a small business accounting software should. Within this technology, you’ll be able to invoice, sync accounts, track expenses, set up recurring bills, manage customers, and manage vendors. However, to access more advanced features like online payments, for example, you’ll have to download third-party apps that will cost you a yearly fee on top of whatever fees you have to pay for this third-party account.
Long story short, creating an Akaunting account won’t cost you anything, but as you navigate this software, you’ll realize that all the capabilities that you might expect to be ready-to-use will rely on your purchasing these third-party apps.
SlickPie
The free accounting software SlickPie is also worth looking into for your small business finances. The free version of this accounting software allows for unlimited automated receipt entries, 10 different companies on one account, and email support. It also allows you to create quotes and estimates that can easily become professional invoices. SlickPie also allows you to connect your PayPal and Stripe accounts for free. That means customers will be able to fulfill their invoices with card or PayPal payments online—and you’ll simply have to pay the standard transaction fees that PayPal and Stripe charge.
One feature that this free accounting software seems to be lacking is reports—the SlickPie website doesn’t highlight any built-in reporting capabilities. If you’re hoping to extract valuable, high-level insights from your accounting software, then you might want to consider options other than SlickPie.
GnuCash
If you’re looking for a free desktop accounting software for your small business, then GnuCash is a solid contender. To access this free accounting software option, all you have to do is go to the GnuCash site and download it for free—simple as that. Though GnuCash doubles as a personal and small business accounting software, it offers small business-specific features customer and vendor tracking, job costing, and invoicing.
CloudBooks
With the free version of CloudBooks accounting software, you’ll be able to add unlimited users, invoice, create projects, perform integrated time tracking, track expenses, and provide estimates. That said, you’ll have to upgrade from the free version—and pay at least $10 a month—to be able to send more than five invoices per month, brand your invoices, and offer online payments on your invoices.
Conclusion
Small business are increasingly looking to use the best accounting software for small business that is available. Whether it’s to stay on top of their taxes or for general business ledger needs.