15 Best Accounting Software Systems For Your Business

FreshBooks: Top Accounting App

USER SATISFACTION 99%
OUR SCORE 9.8

top15Accounting software is an essential system for companies of all sizes and in any industry. The software offers many benefits which has made it popular. Advantages include faster accounting, reduced costs, and mistake-free taxation. Accounting systems offer a range of useful features and companies usually select a solution that has an attractive interface and is easy to use. As there are scores of good quality accounting platforms out there, selecting the right one can be a hard task. To help you make the correct choice, we have prepared a list of the best accounting software systems you can consider for your company.

1. FreshBooks – Score: 9.8/10

FreshBooks won our Best Accounting Software Award for 2016

FreshBooks won our Best Accounting Software Award for 2016

FreshBooks is the current leader in our accounting software category. Its awesome features have fetched it an impressive score of 9.8/10 and user satisfaction rate of 99%. Plus, it has won prestigious quality awards from our experts including the Best Accounting Software Award for 2016 and the Supreme Software Award for 2016. Our team found FreshBooks to be the most easy-to-use accounting solution for freelance accountants and small businesses currently offered in the market.

The software is used by more than five million users around the world to streamline time tracking and invoicing. The vendor has recently updated the product to allow easy collaboration between team members and has added a redesigned dashboard where you can prioritize tasks and manage payments. The classic features have not changed and FreshBooks continues to offer top rate invoice-to-payment functionalities, including direct payment gateways, overdue payment reminders, delay fees, and payment claims. You can use the system to collect payments easily and automate the recurring billing process to accept Google Checkouts, Amex, PayPal, and credit card payments.

FreshBooks has not neglected any utility and companies can use it to manage invoices as well as expenses. You can easily generate insightful tax summaries and reports after the data is processed. The vendor also offers a handy mobile app, the system seamlessly integrates with other business apps, and you can rely on the support of knowledgeable and experienced agents if you have any issues. The pricing is affordable for almost any budget and the vendor offers a convenient 30-day free trial to enable you to test drive the features before you plunk down your money. You can easily sign up for FreshBooks free trial here.

2. Xero – Score: 9.7/10

 

Xero won our Expert’s Choice award for 2017

Xero enables business owners and their advisors to access and manage real time financial data anywhere, anytime, and on any device. It is designed for small business owners and helps them track and manage wages, revenues, receivables, payables, expenditures, and cash flow. You can also configure rules and customize them to fit your needs. The software won our Expert’s Choice Award for 2017.

The solution offers connections with more than 5,000 banks and other financial institutions across the world. This feature allows users to automatically import and categorize their latest PayPal, credit card, and banking transactions. Another useful feature is Xero automatically reconciles all your bank transactions, which make it easy for you to manage and control your finances. Other helpful features are real time currency exchange updates, multiple currencies, multiple languages, and custom invoices.

The vendor offers a great free trial that you can use to test all the key features offered by this solution. You can easily sign up for Xero free trial here.

3. Zoho Books – Score: 9.6/10

Any member of the Zoho family is a good product and you rely on the company’s productivity suite to streamline your business. Their accounting software Zoho Books is also of top quality which is why it begets a high ranking on our list.

Why is Zoho Books in our list of best accounting software? The reason is this award-winning solution offers great value for money. It easily automates bank feeds, sends payment reminders automatically, and makes it easy to send and track retainer invoices. The system is unique as it integrates with Stripe and makes it simple to do payment reconciliation.

Zoho Books is similar to Freshbooks in the manner it supports collaboration to dissolve miscommunication between a company’s accounting and sales units. Similar to Freshbooks, Zoho Books also offers mobile optimization and API for integration with other business apps. You can also make use of premade integrations with other Zoho products.

4. Brightpearl – Score: 9.5/10

If you want an alternative to Freshbooks, you can consider Brightpearl, another excellent accounting solution designed for small and medium-sized businesses. In terms of functionality, Brightpearl is close to Freshbooks. But there is a big pricing gap between the two software platforms.

If you have the budget, you can definitely consider Brightpearl which is a leading accounting system designed for retail purposes. It is cloud-based and allows store managers to do accounting, and manage customer accounts and inventory from anywhere. An impressive feature is the central organizational hub that you can smoothly integrate with your shipping system, and from where you can manage payables/receivables for all your sales channels. Other features include batch processing, CRM, quoting, POS suite, order management, and sales-related functions.

Similar to Freshbooks, Brightpearl is mobile-optimized, offers a developers’ API for smooth integration with your other business apps, and offers premium customer support for all pricing packages.

5. Intacct – Score: 9.5/10

The brand name Intacct is derived from two words, ‘internet’ and ‘accounting’, which reflects that it is a cloud-based accounting system. It is the right choice for individuals and businesses that are looking for an advanced accounting platform. This means that to use the software effectively you need to be well versed in accounting and related processes.

The learning curve is steep but it is worth it to get well acquainted with the software. Intacct offers helpful features for a range of users which have made it popular. The basic set of features include employee expenses, purchasing, cash management, order entry, accounts payable and accounts receivable, and general ledger. You can also add advanced modules such as Salesforce.com integration, revenue recognition, global consolidations, and project accounting.

6. QuickBooks Enterprise – Score: 9.5/10

QuickBooks Enterprise is the professional business version of the Quickbooks accounting software. QuickBooks Pro levies a single-payment license for enterprise-grade users, therefore it is not suitable for small and mid-sized businesses.

QuickBooks Enterprise is designed to suit experienced users and offers several advanced accounting modules including employee management, payroll, purchasing, sales, inventory, and reporting. Entry-level accountants can find the system hard to use. But once you get the hang of it, you can benefit from useful features such as tracking fixed assets, direct credit card transactions, automated billing, custom reports, and combined reports.

For taxation, Quickbooks offers a unique feature for automated tax deductible expenses. Retailers can benefit as they can access all items from a single solution, enabling them to track services, locate tasks, accommodate customer requests to change quantities, and create BOMs (bills of materials).

7. NetSuite ERP – Score: 9.2/10

NetSuite ERP is essentially a customer relationship management (CRM) solution, but the platform can be used for sales force and marketing automation, as well as order management and customer support. It offers a load 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. Users can easily customize their view of key performance indicators and generate reports that are specific to their role in the company.

8. FinancialForce Accounting – Score: 9.1/10

FinancialForce Accounting is a comprehensive financial management solution that offers a fresh approach to how businesses should do their accounting work. It makes use of the power of Force.com and offers users a robust system that is easy to maintain. The interface is a bit complex and more suited to the advanced skill levels of experienced and professional accountants.

The product offers impressive features including robust billing, accounting, media, and Professional Services Automation solutions. Other top functionalities include automated ordering and billing, cash management functions to optimize cash flow, streamlined payables and receivables, and an efficient and flexible general ledger.

9. Tipalti – Score: 9.1/10

Tipalti is a cloud payment automation and management software that helps simplify global mass payments. This makes the software suitable for companies with offices worldwide. Notably, you can accept payment in more than 190 countries, use 120 currency options, and rely on 6 payment methods including PayPal, wire, local bank transfer, and debit card. Moreover, the software simplifies the daily task of ensuring the company’s finance data and processes are timely, accurate, and easy to understand.

The software helps businesses to avoid late payments, noncompliance, and overtasking the accounting team. It also has flexible payment reconciliation, AP, and financial reporting features that work with a myriad of payment gateways and ERP systems. With it you can minimize, if not eliminate, downstream issues and human error, by letting suppliers input tax data directly in the Supplier Management portal. A Remittance Validation Engine, which monitors over 26,000 national and international standards, guarantees integrity of supplier data.

10. Happay – Score: 8.8/10

Happay is an expense management app that should be part of any company’s accounting suite. It’s comprehensive yet easy to use, enabling both employees to manage their budget and managers to track their staff’s expenses.
One of the practical tools this app offers is the prepaid credit card that limits expenses to authorized spend. Likewise, purchases are automatically captured via the app and recorded in a centralized database. It’s easy for employees and managers to search for specific files like receipts, bills, tickets and other support documents. These files, by the way, can be scanned via your phone camera and attached/uploaded to the app via cloud.
Using the app makes everything transparent and expense liquidation much faster. Both employees and managers are freed from the time-consuming manual process of expense reporting.
Other key features we like with this app include petty cash management, vendor payments and digital marketing spends.

11. Sage 50 – Score: 8.8/10

Sage 50 is another quality accounting solution that is offered in multiple versions for the requirements of every business. It is a simple yet robust desktop accounting application which easily manages account payables and receivables, billing, and cash flow management. The app is easy to use and also offers module-level security and industry-specific features.

Sage 50 owes its popularity to its simplicity and ease of use as it has eschewed needless bells and whistles that can be confusing for users. The app is well-structured, flexible, and fast, making it ideal for small accounting teams. The pricing is affordable and for just $29/month you get great features such as terminal services, job management, and automated data backup.

12. AccountEdge – Score: 8.6/10


AccountEdge is a simple desktop-based accounting software that runs payrolls, and manages purchases and sales. Its double-entry feature allows accountants to analyze their files and extract operable info for insightful custom reports any time. Trademark features include great inventory reports, automated invoicing, and direct deposits.

This software provides all vital important banking functions: You can easily spend and receive money, reconcile accounts, and make electronic payments without creating a separate purchase order for each of them. You can use the system to track time and bill your activities, and pay your employees based on vacation, healthcare, and 401K deductions calculated within. Advanced users can repurpose the software for inventory tracking and even use it as an ecommerce solution by integrating it with a relevant program like Shopify.

13. Gincore – Our Score: 8.0/10

Gincore

Gincore is a cloud-based accounting and CRM software that caters specifically to computer and cellphone service centers and repair shops. It integrates core capabilities of ERP (enterprise resource planning) CRM (customer relationship management), WMS (warehouse management), and accounting into a single, unified package, providing you with all the tools you need while reducing complexities and bringing down costs significantly.

With Gincore, computer/cell phone repair shops and service centers are able to streamline their tasks as the software automates basic processes. Its automation functionality helps eliminate double entry of data and simplifies the organization, prioritization, and auditing of service requests and more.

Through maximum automation of their business processes, users are able to deliver high-quality service, eliminate warehouse and inventory management errors and issues, prevent staff fraud, and more.

14. YayPay – Our Score: 8.0/10

YayPay

YayPay is a smart accounts receivables management solution that helps financial teams perform better, manage receivables more efficiently, and get payments from clients timely. The software combines real-time accounts receivables, analytics, and cash forecast.

YayPay takes care of all the grunt work of payment collection, taking all invoices and turning them into statements, and delivers them to customers before their due dates. These reminders come with easy payment options that allow them to pay and settle their invoice in minutes.

With YayPay, companies enjoy AI, robotics, process automation and machine learning that turn finance teams into revenue powerhouses. The software automates payment collections from customers through personalized interactions. On top of that, YayPay predicts cash and gives workflow remedies that save collection costs and streamline cash flow.

15. Fetch – Our Score: 8.0/10

Fetch is an expense management and reimbursement system that facilitates and simplifies expense reporting and reimbursing members of your team. It is a user-friendly tool that anyone can use, thus ensuring that all your employees’ expenses are monitored and documented and members are appropriately and timely reimbursed.

Setup is a breeze with this mobile expense reporting application. Fetch works well on any Android or iOS device. The dashboard is intuitive and the interface is easy to navigate. Once Fetch is installed and running, you can link the system to your bank account for faster and seamless payments and reimbursements.

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