Accounting software is the software designed specially for accounting purpose. Accounting software helps in record keeping of financial activities like income, expenditure, profitability and payment posting, along with providing some basic analytical tools. This type of software has gained significant popularity since it is easy to use and facilitates generation of reports about the business’s financial health.
In this review, we look at the software for accounting firms.
Insightly
Insightly is a fully-featured CRM software platform that will allow you to manage client relationships, send and track emails, set up lead routing, build custom workflow automation, track milestones, manage processes, and integrate with external systems to ensure on-time delivery and happy customers.
Starting price: $29 / user / month
Free trial: 14 days
Keap
See details all at-a-glance: contact info, phone number, email, social media, addresses, and even birthdays. Pull up any shared files, documents, images, contracts, and proposals instantly. Easily refer to a history of all meetings, payment, quotes, conversations, and emails.
Starting price: $30 / user / month (first user is $79/mo)
Free trial: 14 days
Practice Ignition
Practice Ignition is a tool that helps accounting practices onboard clients and get paid faster. It’s a radically new way for CPA firms, accountants and bookkeepers to manage their growing client base. While it’s lacking project management capabilities, Practice Ignition integrates with other tools to make a seamless workflow for accountants.
Practice Ignition’s features:
- Proposals with built in service and pricing library
- Engagement letter automation that ensures compliance
- Collect payments on your proposals and get paid on your schedule (ideal for fixed fee practices)
- Business dashboard so you can monitor revenue, cash flow, sales and more
- Seamless integrations with cloud accounting ledgers (Xero, QBO) and workflow software (XPM, Zapier)
Practice Ignition’s pricing: Starting at $79 (USD) for 100 active clients per month
Xero Practice Manager
Xero Practice Manager is the preferred choice for many Xero powered firms since it’s free for qualifying partners (Silver and above). It’s a full suite that covers many bases from sending quotes to managing jobs and tracking time/costs.
Xero Practice Manager’s features:
- Real time WIP tracking so you can better manage your workflow
- Ability to send branded quotes to clients
- Invoice and bill clients from within XPM
- Basic CRM and lead manager
- Integration with Xero and Xero Tax
Xero Practice Manager’s pricing: Starting at $9 (USD) per user/month
Accelo
They say: “Accelo integrates your staff, clients, work, and billing in a central system so that everyone on your team has real-time access to client information. Accelo offers seven CRM features that they consider are accounting firm “must-haves”: centralized client information, automation, comprehensive billing and invoicing, adaptive staff scheduling, direct sync with your email clients, email and status update triggers, and integrations with over 20 tools, including QuickBooks, JIRA, and more.
Starting price: $39 / user / month (required: minimum of 3 users)
Free trial: 14 days
MethodCRM
Method touts itself as the #1 rated CRM by QuickBooks ProAdvisors and sports features such as two-way sync with QuickBooks (Desktop and Online), client portals for invoices and payments, conversation tracking, automated workflows, and simplified client onboarding.
Starting price: $28 / user / month
Free trial: 30 days
ABLE
ABLE is a CRM, Marketing, and Business Development platform designed for accounting firms. Built around a dashboard that allows you to identify your top 12 clients, 10 currently active referral sources, and 14 of your most coveted prospects, ABLE wants to help your firm achieve sustainable, profitable growth. ABLE’s features also include a sales pipeline, client surveys, and marketing best practices.
Starting price: $6,500 for 14 months; includes 10 users + 2 admins (requires a $1,995 basic setup fee)
Free trial: No
Bitrix24
Bitrix24 is available as a cloud-hosted or self-hosted CRM software. It has a free version that comes with unlimited client records, quotes, invoices, tasks, documents scheduling, and time tracking, but with a limit of 5GB of storage. If you want email marketing included, or additional storage and features, you’ll need to upgrade to a paid plan.
Starting price: Free
1CRM
1CRM aims to be your “all-in-one” solution, with daily task management, marketing automation, order management, sales, customer service, and project management. For accounting firms, 1CRM offers invoicing, billing & payments, and scheduled reports.
Starting price: $15 / user / month
Free trial: 30 days
Workbooks
Workbooks CRM provides a 360-degree view of your prospects and clients, tracking and analyzing interactions and transactions you have had. It also has assignments, personalized email campaigns, and automation. Plus, you’ll get access to their CRM Success for Accounting program to help you implement the software with your team. The program covers contact management, campaign & lead management, business development & pipeline reporting, and implementation approach.
Starting price: $30 / user / month (billed annually)
Free trial: 30 days
Nimble
Nimble is an all-in-one tool where you’ll be able to easily locate your contact information and team’s interaction history, add notes, and update deal statuses. This tool enables you to unify your contacts, communications, social media connections, and calendar appointments with more than 160 apps.
Starting price: $25 / user / month
Free trial: 14 days
Capsule
Use Capsule to store everything you know about your clients in one central place. Easily manage your sales opportunities in a clear and simple sales pipeline which reminds you to keep in touch with your prospects to stay top of mind. You can connect to accounting apps like QuickBooks or Xero, assign clients to team members, and use the task manager to stay on top of deadlines.
Starting price: $18 / user / month
Free trial: 30 days
HubSpot CRM
With detailed reports on sales activity, productivity, and individual performance, you’ll never be in the dark about how your team is tracking toward quotas, and you’ll have all the data you need to coach your team to success. Best of all, enjoy unlimited users, data, and up to 1,000,000 contacts with no time limit or expiration date — whether you’re a team of 1 or 1,000.
Starting price: Free (Advanced plans start at $50/mo for 2 users)
Free trial: No
Zendesk Sell
Make calls, send emails, schedule meetings, and view deal history all from one place—without logging everything by hand. Whether you want to track campaigns through Mailchimp or view the status of contracts in Pandadoc, all the information you need is added to Sell. You can even build your own apps using the Zendesk Apps framework. With Sell, you get drag-and-drop dashboards, as well as 30+ out-of-the-box reports for visualizing, understanding and interacting with your data.
Starting price: $25 / user / month
Free trial: 14 days
Close.io
Get full context on every deal with communication, tasks, and reminders in one central sales hub. Close will import past emails from G Suite, and it integrates with a number of tools, including Asana, Mailchimp, Zoom, DocuSign, and PandaDoc.
Starting price: $35 / user / month
Free trial: 14 days
Liscio
Liscio calls itself your “all-in-one digital front office,” with real-time messaging, client-facing task management, electronic signature, and file management in a single place. Liscio also boasts a mobile app that gives your firm and your clients the freedom to connect and work together from anywhere, anytime.
Starting price: $50 / month
Free trial: No
Karbon
Karbon is a practice management software for tax, audit, accounting or bookkeeping services that transforms your emails in to tasks. It’s an elegant way to deploy your workflow, standardize your processes and manage your clients. Karbon gives you a clear dashboard so you never miss a deadline.
Karbon’s features:
- CRM so you can manage your client relationships and sales funnel
- Ability to quickly turn emails in to tasks for better organization
- Beautiful kanban board for project management
- Assign tasks and collaborate with your team
- Set up automations with their integration ecosystem
Karbon’s pricing: Starting at $39 (USD) per user/month
Aero Workflow
Aero Workflow is a workflow app designed by accountants for accountants. It gives you the tools you need to define, organize and track your firm’s work. Aero has many integrations which makes it a good standalone workflow app that can fit in to your software stack.
Aero Workflow’s features:
- Built-in time tracking for better time management
- Create task templates for easy workflow deployment
- Gives you a clear overview of client work
- Has a ‘premium content library’ if you need help getting started
- Integration with Zapier allows you to connect to 1,000+ other apps
Aero Workflow’s pricing: Starts at $39 (USD) per month
QuickBooks Online Accountant
QuickBooks Online Accountant (QBOA) is a practice management built for QuickBooks ProAdvisors to better manage their firms. It allows you to manage your workflow, share documents and see all of your clients from a single login.
QuickBooks Online Accountant’s features:
- Simple workflow and task management
- Easily delegate tasks to yourself or team members
- Built-in communication with clients
- QBO integration means you get a consolidated list of clients for better client management
- ProConnect Tax integration so you can streamline tax prep
QuickBooks Online Accountant’s pricing: Free (conditions apply)
Conclusion
In this software era every businessman, especially those doing business from home or those working from a small office space have been forced to keep accounts. Not only for this, this is the most crucial tool in the hands of businessmen so that they can inventory their assets and liabilities.