Ten must have Accounting and Bookkeeping Software

Many people like you are trying to start a business or maintain a growing business, but are clueless when it comes to accounting and bookkeeping, or tired of paying huge sums to manual bookkeepers.

So they run to the internet looking for automated options. They input a search like yours that eventually leads them here.

You will be shocked at the number of software on the internet, many of which may seem to be the solution to your problems. Be careful, you might just be getting it wrong.

We have packaged a list of 10 accounting software that will serve you, number one is our favorite. But there are a lot of things to be considered before choosing one.

Please contact us for guidance and any question regarding choosing the right solution.

Photo by Karolina Grabowska from Pexels

1. Sage 50cloud

Pricing: Starts at $50.58/month

Sage works well for small- to medium-sized businesses. You’ll spend less time on administrative tasks, since Sage sends invoices, tracks payments and expenses, and calculates what you owe come tax season. Time tracking and collaboration tools are two things you won’t get with Sage, and payroll is a separate product.

2. FreshBooks

Pricing: Starts at $15/month

If you send out recurring invoices, need time tracking capability, or run a subscription model business, FreshBooks could be ideal for you. You can even see the exact location a customer opened your invoice — to avoid those pesky “I never got it” excuses. They integrate with many business applications and provide you with a single dashboard to manage your finances and accounting. Regular secure backups are included, and a mobile app allows you to keep track of your business at all times.

3. Wave

Pricing: Free; Additional monthly cost if you elect payroll in tax service or self-service states; some processing fees apply

If you are operating as a freelancer or have just a few employees, Wave could be for you. Most of its services are free, including invoice- and transaction-management. And all of your information syncs with Wave’s software, so your bookkeeping is always up to date. However, if you’re looking for built-in time tracking, inventory tracking, or project management, you’ll likely need different software.

4. Xero

Pricing: Starts at $9/month

Do you conduct most of your business on the go? Xero allows you to send custom invoices, track inventory, and create purchase orders to attach to bills — all from your phone or tablet. Get financial performance reports sent straight to you, and connect your bank account for a seamless experience. If you need payroll services, you’ll have to use them through Xero’s partnership with Gusto. And if you value live support, you should probably look for another provider.

5. GoDaddy Bookkeeping

Pricing: Starts at $4.99/month

This low-cost option integrates with and imports data from Amazon, eBay, Etsy, and your bank accounts. It puts that data to use creating invoices and calculating quarterly tax estimates. If you sell over one of the sites listed above, GoDaddy could be a good option for you. However, if you’re looking for a solution offering project management, extensive reporting, and international billing capabilities, GoDaddy won’t meet your needs.

6. AccountEdge Pro

Pricing: One-time fee of $399

If mobile isn’t a deal-breaker for you, AccountEdge could be just what you need. It provides double-entry accounting tools — from time billing and reporting to inventory — that are customizable and optimized for desktop users. Like the software but really need a mobile option? A cloud-collaboration option is available for purchase.

7. Tipalti

Pricing: Available Upon Request

If you’re a deadline-driven business, Tipalti can help you meet them every time. Late payments, non-compliance, and administrative overload are all issues they aim to correct. They can streamline international payment processing in around 190 countries, automate your payment operations, and even make sure you’re tax compliant.

8. FreeAgent

Pricing: $12/month for 6 months, then $24/month

If you create a lot of estimates and invoices, want to monitor your cash flow, keep track of receipts, and track your time — look no further than FreeAgent. You can also connect FreeAgent to your bank account and view income performance and profitability. Sign up for a 30-day free trial and rest easy that you have a transparent view into every financial aspect of your business.

9. NetSuite ERP

Pricing: Available upon request

NetSuite prides itself on growing with businesses, “from pre-revenue through IPO and beyond.” Their Enterprise Resource Planning (ERP) product helps with financial management and planning, order management, supply chain, fulfillment, and procurement — integrating these functions into one system that’s streamlined. If you anticipate rapid growth, you might want to consider NetSuite ERP.

10. Accounting Seed

Pricing: Available Upon request

Accounting Seed offers subscription or recurring billing options, has a secure and reliable API, and works with your company to link critical business applications and bank accounts for real visibility into the financial state of your business. It’s also a cloud-based platform, meaning you can log in anytime, anywhere. And it automates many of the menial tasks that eat up your day.

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