The Best Small Business Accounting Software for the Mac – Free accounting software for mac. Quickbooks is a brand name in small business accounting software. Started as a bookkeeping software, it flourished into the best small business accounting software for the Mac because of its intuitive operations and flexibility. The other best free accounting software for mac includes Xero, Inovus and Skaidi about which you should know before making your choice.
Nothing is more important to your business than accounting. You have many small business accounting software for mac uk that are available today, you just need to choose the one that will fit your company’s needs best. We can help you decide with our reviews of small business accounting software for mac uk so you find the right software for your business.
FreeAgent
FreeAgent is targeted at freelancers and small businesses, so it focuses on daily admin tasks like invoicing, time tracking, and expense management. It’s a cloud accounting software package.
You can set invoice reminders and upload pictures of your receipts. Pricing starts at £19 a month (for sole traders) with 50 per cent off for the first six months. Plus, if you’re a Simply Business customer, you can get a 15 per cent lifetime discount. Find out more.
FreeAgent say it’s ready for Making Tax Digital, and has been submitting digital VAT returns to HMRC for customers since 2010.
QuickBooks
Parent company Intuit was founded in 1983 and the QuickBooks brand was introduced in 2002, with QuickBooks Online following two years later. Today, QuickBooks has 2.2 million users across 225 countries.
Nifty features include a client portal, where customers can view, print and pay invoices and a customer relationship management (CRM) system, which helps you keep on top of your customer database.
Where QuickBooks stands out is the quality of its reporting, with punchy snapshots of how your business is performing financially. Its reporting facility is ahead of rivals such as Xero when it comes to customisation.
Pros:
- QuickBooks’s user experience (UX) is easy to understand and pleasing to the eye
- QuickBooks is mindful of scaling businesses and its software can have anything up to 25 users
- Professional accountants rate the professionalism of QuickBook’s reports and its bank reconciliation features
Cons:
- QuickBooks can be difficult to navigate with some features hidden in settings
- It’s a steep learning carver for anybody who’s not technically literate
- There have been complaints that QuickBooks online is still buggy with long waiting times for telephone customer support
Price:
Mobile: iOS, Android
Pricing:
QuickBooks is offering a 50 per cent discount for the first six months.
Simple Start is £6 per month, rising to £12.
Essentials is £9 for the first six months, rising to £18.
Plus is £14 a month for the first six months, rising to £27.
Xero
Xero’s popular online accounting software covers all the basics, and offers some great time-saving tools.
Key benefits:
- take photos or scan bills and receipts to automatically extract data
- intelligent transaction-matching helps with bank reconciliation
- large marketplace of apps you can connect to add extra functionality
Disadvantages:
- basic starter plan is restricted to very limited numbers of monthly invoices and purchases
- cannot yet automatically link with bank accounts at several UK banks
- cash flow forecasting beyond one month ahead is an optional extra
Pricing:
- monthly plans £10-£30 (plus VAT) per month
- add-ons like payroll or project tracking typically £5 per month
Find out more about Xero online accounting software for small businesses.
Zoho Books
You can integrate Zoho Books with lots of apps from Zoho’s own suite, as well as third-party apps. It can help you issue invoices, sort expenses, and track inventory. Zoho Books is part of an overall suite of cloud-based software – other apps include Zoho Invoice and Zoho Expense, although there isn’t a payroll feature yet for the UK.
Zoho Books can also connect to your bank account for real-time updates on cash flow. Prices start at £10 a month, with the option to have a free trial before you buy. Zoho Books is Making Tax Digital compatible.
Sage Accounting
Another UK-based payment-processing platform, Sage began life in 1981 when its founder got in touch with Newcastle University students asking them to help him develop an automatic accounting processes program. Jump forward nearly 40 years and Sage now has 13,000 employees across 23 countries serving over three million businesses using its software. Sage says that every month it helps UK firms create over 500,000 invoices, process 700,000 transaction and sell 1.5 million products.
Like all the other small business accounting software packages listed here, Sage is cloud based and links seamlessly to your bank account for real-time reporting.
Features it offers include:
- Estimates and invoicing
- Payroll
- Corporation Tax calculator,
- Multi-currency support
- Bank account connectivity
- Stock management
- Linked to Stripe payments processing system.
Pros:
- Sage Business Cloud Accounting’s bottom Accounting Start tier is well priced, simple and easy to navigate.
Cons:
- Sage Business Cloud Accounting’s user experiences looks dated compared with other small business accounting software and some of the terms it uses are clunky, better suited to accountants than small business owners
- Its inventory app is not the best choice if you have a business dealing with hundreds of product lines
Price:
Start for sole traders and microbusinesses: free for 3 months then £12pm + VAT
Standard (includes invoicing and cash flow management): free for 3 months then £24pm + VAT
Plus (adds multicurrency invoicing and inventory management) free for 3 months then £30pm + VAT
Mobile: iOS, Android
Clear Books
Designed for ease of use, and with plenty of support on offer, Clear Books can be an excellent choice for business owners who want accounting to be as easy as possible.
Best for ease of use:
Typically £24 per month | Excellent support and solid all-round features | Go to website
Key benefits:
- good all-round features, even on entry level package
- strong support through online guides and videos, plus free email/phone helplines
Disadvantages:
- optional payroll software can become expensive with more employees
Pricing:
- £12 per month for non-VAT businesses, £24 per month for VAT and multi-currency functionality
- discounts for yearly subscriptions and for Metro Bank and Revolut Business customers
- £2.70 per employee for optional payroll
AccountsIQ
AccountsIQ is a cloud accounting software that simplifies the capture, process, and reporting of financial data. It offers intuitive tools to automate consolidation, manage budget, audit, digital VAT returns, and cash flow. It is suitable for small to medium-size businesses in all industries and is designed specifically to suit business environments where multiple entities need access to a common platform. With a flexible 3-tier General Ledger and 6 dimensions BI coding structure, AccountsIQ enables detailed and granular reporting and performance to be benchmarked across a group network. It includes 250 reports, management reporting packs, and dashboards and has an Excel Add-In and Power BI connection for customized analysis. AccountsIQ’s consolidation module makes it easy to consolidate multiple subsidiaries and manage complex ownership, handle foreign currency, centrally control exchange rates, and simplify intercompany recharging. Additionally, the stock management feature allows companies to track inventory levels and create multiple price lists. It is an ideal time-saving solution for multi-company and multi-location businesses. AccountsIQ’s budgeting feature enables users to measure actual results compared with planned budgets to analyze consistencies and variances in performance. This solution allows users to create budgets in different currencies to be converted into common currencies for comparison. Project accounting features enable easy billing and measurement against KPIs and a Time and Expenses Module enables users to manage projects and avoid Revenue Leakage. With an expense capture and approval mobile app, AccountsIQ is able to streamline workflow approvals of purchase orders and invoices. User and client access management controls are included with customizable charts of accounts, GL coding, and dashboards. AccountsIQ is easily integrated through its open API with other Cloud systems to deliver business-wide efficiencies. It is priced per month and pricing scales depending on the number of entities and functionality.
Conclusion:
One of the most important aspects that you need to consider when purchasing small business accounting software for Mac UK is to make sure your accounting software can adapt and grow with your business. This is particularly important with the increasing popularity and demand for cloud-based business applications and solutions.