One of the best decisions I ever made was to start using one of the best invoicing software for large business. It’s changed everything about my business since it allowed me to be much more efficient than I had ever been before, and it handles just about everything that I need it to do. I thought that it might be valuable for others if I shared my experiences with the software, so today I’m going to talk about what features are most valuable, what services are out there now, and how you can choose the right invoicing software for your business.
Is your aim to be one of the Best Accounting Software for Large Business? If so, then take a look at the software mentioned here. These are some of the most widely used accounting software in the world. Let’s look at them in detail.
Sage 50cloud
Sage 50cloud is a cloud-based accounting software that provides comprehensive features such as automated tax filing, automated reconciliation, data backup, transaction logging, integrations, and more.
Sage 50cloud has various benefits and features to provide businesses with competitive advantages over their competitors in this ever-changing business landscape. By adopting a cloud-based solution, organizations can enjoy faster time-to-market, higher ROI, lower costs, and more flexibility.
In addition to providing support for all types of industries, Sage 50cloud also offers other features such as CRM integration, payroll solutions, and inventory management. Some of these features have made it one of the most popular accounting systems on the market today.
Sage 50cloud is a product that helps large businesses by providing them with a simplified way to run their accounting. It also has features for financial planning, creating budgets, handling sales, and more. This software is easy to use and offers many features that help businesses reach their goals.
Not to mention, affordable pricing is available across different plans depending on the capacity of your business. They even offer 40% off for new customers just getting started today.
Pros
- Cloud-based for remote access for your entire team.
- Accounts payable and receivable.
- Easy to navigate interface.
- General ledger accounting.
- In-depth reporting feature.
- Detailed inventory tracking.
Cons
- Invoicing features are limited with a lack of customizations.
- Images take a while to load.
- Better educational resources to learn the software.
QuickBooks Online
QuickBooks Online is best for mid-sized businesses with up to 25 users and is a great scalable option for growing businesses. QBO is also ideal for businesses needing strong invoicing and mobile apps.
QuickBooks has been one of the biggest names in accounting since the dawn of time (or at least it feels that way). With advanced features, strong accounting, full-featured mobile apps, and over 650+ integrations, it’s easy to see how this cloud-based software is the favorite choice for over 2.2 million users and thousands of accounting firms.
In the past, QuickBooks Online (QBO) was unsuited for larger businesses. Recently, QuickBooks Online added a brand new pricing plan called QuickBooks Advanced which offers up to 25 users, customizable user permissions, and other features like Priority Care, making it a viable accounting solution for large businesses.
Granted, this plan is a bit expensive, but if your company needs more advanced reporting, the Fathom reporting subscription that is included with QBO Advanced may be more than worth the cost. Plus, QuickBooks Online also has the best invoicing options and automations of any program on this list. The only other potential downsides to consider are poor customer support and occasional navigational difficulties.
Pros
- Advanced features
- Strong accounting
- Numerous integrations
- Easy to use
Cons
- Poor customer support
- Only supports 25 users
QuickBooks Online Pricing
QuickBooks Online offers four pricing plans ranging from $25 – $180/month. The two biggest plans, Plus ($80/month with up to 5 users) and Advanced ($180/month with up to 25 users), are the best suited for large businesses. There are three payroll options priced at $45/month + $4/month per employee; $80/month + $4/month per employee; or $125/month + $10/month per employee.
(Note: You can add an unlimited number of time tracking only uses to QBO.)
QuickBooks Online Features
QuickBooks Online has a strong feature set and great accounting capabilities like expense tracking, bank reconciliation, fixed asset management, a chart of accounts, accounts payable, journal entries, and up to 80 customizable reports (depending on your plan). Here are some of QuickBooks Online’s other features:
- Invoicing
- Estimates
- Contact management
- Inventory
- Project management
- Time tracking
- Budgeting
- Packing slips
- Purchase orders
- Tax support
- Multiple currencies
One of the biggest selling points of QuickBooks Online is invoicing. There are plenty of attractive, customizable templates to choose from and advanced automations like recurring invoices, late invoice reminders, and the ability to auto-schedule invoices.
QuickBooks Online also offers a lending service called QuickBooks Capital, so you can manage all areas of your business’s finances in one location. A new add-on called QuickBooks Live is also available. This service pairs you with a virtual bookkeeper to help set up your account, review and close accounts, and provide expert accounting advice.
QuickBooks Online is fairly easy to use, although there are some navigational difficulties. While the software has an attractive UI and seems well-organized, some features are hidden in odd places, making them more difficult to find.
QuickBooks Online’s customer support is hit or miss. Sometimes your call is answered right away; other times, you’re waiting for upwards of 30 minutes just to talk to someone. Customer support reps vary in terms of helpfulness and knowledge. There is no email support either. There is a recently redesigned help center, and the company is working on bettering their response times and offering more in-software help options (although they still have a ways to go).
Luckily, if you go with the QuickBooks Online Advanced plan, you will automatically receive a dedicated account manager and Priority Care support (meaning all of your calls go straight to the front of the line).
When To Use QuickBooks Online
QuickBooks Online has always been ideal for small businesses, but its largest plan makes it a viable option for medium to large businesses who need cloud-based software with strong accounting, features, and mobile apps. The software is not ideal for businesses with over 25 users.
Xero
Xero is the best accounting software for medium- to large-sized businesses searching for the full accounting package. Unlike, QBO offers unlimited users making it a great fit for large businesses.
Xero is cloud-based accounting software that has been giving QuickBooks a run for its money since 2006. The software offers strong accounting, advanced features, unlimited users, and is the software of choice for over 1,000,000 users and 16,000 accounting firms.
While Xero has a semi-steep learning curve, that’s the price you pay for advanced features like detailed contact management, inventory, project management, time tracking, budgeting, and more. The company’s customer service and mobile apps leave something to be desired, but Xero still receives a large number of positive customer reviews. Xero also has some of the best security on the market when it comes to cloud-based accounting and offers 800+ integrations.
The software is ideal for medium to large businesses in need of multiple users and advanced features at an affordable monthly cost.
Pros
- Unlimited users
- Advanced features
- Strong accounting
- Numerous integrations
Cons
- Poor customer support
- Steep learning curve
Xero Pricing
Xero offers three pricing plans ranging from $11 – $62/month. Each plan comes with unlimited users. The larger the plan, the more features you have access to. Xero does not offer payroll; however, it does integrate directly with Gusto, starting at $39/month + $6/month per person.
Xero Features
Xero offers a large number of features. In terms of accounting, the software supports expense tracking, bank reconciliation, fixed asset management and depreciation schedules, a chart of accounts, accounts payable, journal entries, and over 55 customizable reports. Some of our other favorite features include:
- Invoicing
- Estimates
- Contact management
- Expense claims
- Inventory
- Project management
- Time tracking
- Packing slips
- Purchase orders
- Budgeting
- Multiple currencies
- Class tracking
Xero also has several automations to save you valuable time. You can set recurring invoices, automatic invoice reminders, and default email messages to name a few.
Xero is easy to use once you get to know the software. Although the interface is well-organized, initially setting up the software and learning how Xero works can be difficult. If you can get past the semi-steep learning curve, Xero’s advanced features and other offerings are more than worth it.
This is where Xero drops the ball. Xero offers poor customer support. There’s no phone support and email response times are long (and often the responses are unhelpful). To Xero’s credit, there is a help center with many how-to articles. If you need extra help, download our complete How To Set Up Your Xero Account ebook for free.
When To Use Xero
Xero is a great choice for medium- to large-sized businesses. It offers unlimited users, tons of features, and strong accounting to meet almost any business need — and what Xero doesn’t have, one of its 800+ integrations will.
NetSuite ERP
NetSuite is a cloud-based software company that provides ERP solutions to large businesses. It is a very popular application among businesses as it has various features and benefits that make it simple for companies of different sizes to adapt. NetSuite is easy to use and integrates with mobile devices and other software.
NetSuite ERP provides advanced business accounting, ERP, CRM, and ecommerce software to its users. It is known for its automation features that integrate with other systems and enable organizations to optimize their resources.
NetSuite is one of the most advanced software solutions available and offers some of the widest range of features compared to other accounting software options for large businesses. It can be used as a comprehensive solution for multiple use cases.
This enterprise resource planning software provides companies with a full suite of cloud-based services, including CRM, invoicing, customer service management, project management, and accounting. It also offers integrated billing and payment solutions to make business more efficient.
Netsuite also provides a wide range of integrations available to ensure all of your tools can be managed in a single place. For example, the integrated billing and payment solutions make business more efficient and help your large organization collaborate better.
Pros
- Plenty of integrations from CRM to accounting to ERP.
- The back-end database runs with precision and accuracy.
- Full suite of tools and more advanced than essential accounting software.
- Cloud-based for easy access.
- Most advanced reporting and tracking tools available.
- Intuitive dashboard that allows lots of customization.
Cons
- Many top features are sold as add-ons for additional pricing.
- Role customization is not seamless.
- Customer support needs improvement.
Conclusion:
Now that you’ve picked your invoicing software, you need to pick which large business accounting software is right for you. By evaluating your full accounting needs before choosing accounting software, you will be better equipped to get the most out of your investment. An accounting software solution will include accounts payable and receivable capabilities so you can handle billing and payments efficiently.