This article is for those who want the top 3 accounting software packages. They will review what you should look for and where to find it. Thus, anybody and everybody looking for these accounting structure should be able to find it here and live a much more convenient and productive life.
If you were to ask twenty accountants what the best accounting software is, you may get a wide array of answers. I’ve worked with a lot of cheap accounting software in my career and I’d thought I share with you the top three accounting software solutions I’ve used.
NetSuite ERP
NetSuite ERP is essentially a customer relationship management (CRM) solution, but the platform can be used for sales and marketing automation, as well as order management and customer support. It offers a myriad of tools and features to make financial management simple.
Standard features include pre-configured dashboards that can be customized by users for their specific needs. NetSuite ERP also offers robust automation and scalability features. It can grow with your company and automate processes such as financial management, order management, revenue management, fixed assets, inventory management, and billing.
The vendor offers a great demo of the product that will introduce you to all key features.
Try out NetSuite ERP with their free trialVISIT WEBSITEFREE DEMO
Another great thing about NetSuite ERP is that it comes with great reporting features. For starters, users can easily customize their view of key performance indicators and generate reports that are specific to their role in the company. They can also track vendor performance and monitor inventory levels, allowing them to further improve the customer experience.
Kashoo
Websitewww.kashoo.comPrice from$16.65/moFree Trial14 days
Best cloud accounting software for owner-operators.
Best for:
Kashoo was made for the truly small business—for owner-operators, contractors, freelancers, digital professionals, and other small entities. Eliminating redundant tasks like manual reports, Kashoo leaves business owners time to do the things they love about their businesses. Kashoo is a simple and cost-effective solution to small business tax needs.
Key features:
Kashoo only has one subscription tier, but it includes many tools that a small business needs. The software’s workspace includes direct data entry fields for income and expenses. Automated features extend to functions such as data entry—including bank feeds in a variety of formats— and manual reports. Kashoo also offers customizable invoice templates.
Kashoo’s single offering includes other functions, such as sales and sales tax tracking, one-click financial reporting, and smart invoicing with payment options. With a mobile app, users can manage bills and payments with connection to over 5,000 banks. Kashoo includes multi-currency support and includes a receipt capture feature in its mobile app, too, and automatically categorizes the expenses.
The cloud-based platform offers automatic backups and notifications. Recently, Kashoo added a second layer of security to its platform—phone verification for connecting bank feeds— that helps users feel more confident. In addition, Kashoo has an intuitive user interface, including a dashboard that shows income, expenses, profits, and losses in one place, improving the user’s ability to predict cash flow and understand the business’ health.
Kashoo is made for small businesses, but it provides unlimited access to users. Users can be assigned to one of three roles, each with a different level of access: Admin and Billing, Admin, and Business Owner. Kashoo also includes an access point for qualified accountants.
Users can import a chart of accounts or build one from scratch, giving businesses the flexibility to manage their businesses in the way that makes the most sense to them. Kashoo also includes subcategory-level reporting to help businesses maximize deductions at tax time. Currently, however, no tax prep capabilities are built-in (for individuals or businesses), and the reporting feature is limited compared to other products on this list.
Kashoo integrates with Stripe and Square for credit card payments and with three different payroll apps: PaymentEvolution, SurePayroll, and Paychex. Users who require additional features, such as CRM functionality, can integrate with other products, including Pepperi.
Ease of use:
Kashoo provides a simple approach to tracking your business’s financial progress with a minimal learning curve. Support is available by phone and email, but most users won’t need to avail themselves of the service. Newcomers will appreciate the simplicity more than seasoned accounting professionals, who will find the software limited. Kashoo can be imported easily to other products as necessary, such as QuickBooks Online and FreshBooks.
Cost:
Users considering Kashoo can take advantage of the no-commitment 14-day free trial that doesn’t require a credit card to sign up. Kashoo offers one plan that comes with all features available. It’s not the cheapest nor most expensive option, but the user can opt out of it at any time. However, committing to a yearly plan brings some savings.
Things we liked:
- Customizable, flexible chart of accounts
- Recurring invoice functionality
- Multi-currency support
- Inexpensive
- Built-in bank and credit card feeds
Things we didn’t like:
- Limited reporting
- No budget feature
- Not designed for medium and larger businesses
Sage Business Cloud Accounting
Ideal for sole proprietors and freelancers, Sage Business Cloud Accounting also includes solid inventory management, making it a good option for retailers, particularly online sellers.
There is no payroll feature available in Sage Business Cloud Accounting, nor in the third-party apps the application integrates with, so it’s probably not the best choice for your business if you have employees to pay.
Sage Business Cloud Accounting includes numerous sales features such as quotes and estimate creation, credit notes, and the ability to customize invoices as needed.
Sage Business Cloud Accounting offers good inventory management capability.
A built-in tracking feature lets you view invoice status, including invoices sent, invoices due, and those past due. You can connect Sage Business Cloud Accounting with your bank, and the products and services option lets you manage both stock and non-stock items in your inventory. A mobile app is also available for both iOS and Android devices.
Sage Business Cloud Accounting offers two plans: Accounting Start and Accounting. Accounting Start is $10/month, with the Accounting plan running $25/month. Accounting Start is really only suitable for freelancers and sole proprietors, while almost any other type of business will need the Accounting plan, which offers more robust features.
One of the biggest benefits of using Sage Business Cloud Accounting is access to Sage Marketplace, which offers connectivity to more than 100 third-party apps, all designed to integrate with Sage applications.
Conclusion
Business owners are always looking for software that can help them save time, be efficient, cut down on expenses, and improve the way they work. This is especially true for accounting software, as many entrepreneurs need to keep track of their finances on a regular basis for tax purposes.