Accounting is the backbone of every business. A proper accounting system gives you an overview of your company’s financial health. If you want to run your business more efficiently, use the right tool to do so! That’s why more and more companies are looking for one of the top 10 accounting software in USA.
In a world that is becoming more digitally advanced, organizations have to keep up. In order to keep up, many companies use accounting software. The top 10 accounting software in USA are listed here in the article.
AccountEdge Pro
AccountEdge Pro has the honor of being our top-rated accounting application and with good reason.
A good fit for small and growing businesses, AccountEdge Pro is an on-premise application that also offers the convenience of remote access, taking you easily through the entire accounting cycle.
Easy integration with Shopify and UPS Shipping makes AccountEdge Pro a particularly good fit for online retailers.
AccountEdge Pro offers solid invoicing capability, along with excellent time and billing functionality that can track both billable and non-billable hours. Self-service and full-service payroll is also available, and a solid inventory module lets you easily manage your stock. AccountEdge Pro recently added an automatic bank feed option, allowing you to connect both bank and credit card accounts to the application. A $5 subscription fee is required to use the bank feed option.
AccountEdge Pro offers top-notch invoicing capability for small and growing businesses.
As an added bonus, AccountEdge Pro also includes a Contacts feature for tracking customers, vendors, and employees using a single database.
Reporting options are excellent in AccountEdge Pro, including an audit trail report. A mobile app for both iOS and Android devices is also available.
Perhaps one of the biggest benefits of using AccountEdge Pro is its pricing structure. Scalable, with four plans available, the Basic plan has a one-time fee of $149, while the Pro plan is $399. Additional licenses are extra, as is the Payroll subscription. If you’re looking for complete online access to all features and functions, check out AccountEdge Pro Hosted. A subscription to AccountEdge Connect currently runs $25/month for up to five users, while AccountEdge Pro Hosted is available for $40/user per month.
If you wish to access the application remotely, AccountEdge Connect will run $25/month. You’ll also pay extra for phone support.
Another benefit to using AccountEdge Pro is the stability it brings as an on-premise application that also offers remote access. With plans suitable for a one-person operation to an enterprise-level business, you will never outgrow AccountEdge Pro.
Money Manager Ex
Best straightforward free accounting software
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REASONS TO BUY
+Impressively user-friendly+Plenty of features+Can be used straight from a USB stick
Another superb open source tool, Money Manager Ex is well designed and packed with enough features to rival premium software. It’s easy to understand, and you’ll have your accounts and transactions set up in no time. Money Manager Ex’s simplicity makes it a particularly good choice for sole traders or your own home finances.
This free accounting software is a portable app, so you can save and use it straight from a USB stick without even needing to install it. There’s an Android app for updating your accounts on the move, too.
Wave Accounting
» Why You Should Buy This:
Wave Accounting provides you with complete control of your finances, leaving no gaps for powerful business decisions. The system is designed in such a way that it easily connects with your bank accounts, brings a balance to your books, syncs all your expenses, and much more. It is also compatible with tax and compliance laws, saving you the usual hustles of the tax season.
Getting started with Wave Accounting is utterly simple and secure. You get instant updates on your payments, invoices and payroll data, along with invoicing reminders. Things get even smoother as you can manage all your books belonging to multiple businesses through its single account.
» Who Is It For:
Wave Accounting ideally falls into the bracket of free accounting software for small businesses, regardless of the industry. In other words, you can be a retailer with a store-front or a self-employed individual offering professional services, and still rely on this solution as your go-to accounting tool. If you are looking for a bookkeeping system that also makes you tax-ready, this one fits the bill perfectly.
It also works well with the complex needs of professional accountants keen to manage cash flow and balance the books for their clients.
» Why We Picked It:
We selected Wave into our top small business accounting software list because of its reliability, all-inclusive features and ease of operation. Since it uses a double-entry accounting system, it becomes a boon for your accounts team. We particularly like the smart dashboard Wave offers. It not only organizes your payments, expenses, incomes and invoices but also provides a quick overview of where your business stands financially at a click of a button.
Furthermore, the software possesses PCI Level-1 certification, ensuring the thorough security of your sensitive bank and credit card details. That is an incredible feature to have when the product is free for use by everyone.
» Pricing Details:
Wave Accounting Software costs you $0. It is difficult to digest, but the feature-rich software is completely free for all its users, whether you’re a freelancer or a small business. All you got to do is create an account, follow the instructions and get started. There are no fees for setting up the system nor any hidden charges once you start using it.
» Pros and Cons:
Pros:
› Available as a free accounting software solution for small businesses
› Double-entry based accounting
› Accurate income & expenses tracking, facilitating the right status of your funds at any given time
› No limits to customizable invoicing as well as receipt uploads
› Instant updates & reminders
› Search through transaction description
› Smooth handling of multiple businesses from one account
› Smart dashboard
› Accurate reports that are exportable
› Bulk transaction alerts for rapid bookkeeping
› Ability to personalize sales tax and income/expense categories
› Quick set-up since it is a completely web-based software
› Easy to use, thus no training is needed
› Access to expert support team
Cons:
› No integrations to third-party tools
› Needs work on its free dedicated apps
» Reviews & Ratings:
As a free accounting system for small businesses, Wave is garnering accolades from its users. The primary reason is its simple UI, efficient functions and security. Let’s go through the user reviews from popular software sites to help you make a decision:
» Capterra: 4.4/5 » G2crowd: 4.4/5 » GetApp: 4.4/5
» Conclusion:
If you are only starting out or an established small business, Wave is a great choice to go with. The software is free, have adequate features for your accounting needs, is reliable and offers robust performance at the same time. It is hard to find such a good combination in a competitive market.
“Thank you @WaveHQ for taking the pain out of accounting & invoicing. Simplicity of use meets perfect design – kudos to your UX team ! Saving me from Quickbooks and Xero.”
– Chas Sweeting – CEO, Entrée AI
Conclusion
There are many accounting software providers in the US with strong presence in the market. Choosing accounting software is not easy, but with so many options it can get overwhelming for any business owner. Here, I’ve compiled a list of top 10 accounting software providers in the USA, so you can easily decide which one suits your needs best.