Invoicing, accepting online payments, and keeping track of expenses are essential processes, but they can be madly confusing and challenging for any business owner. However, there are now various accounting solutions that can accommodate your unique needs.
This article focuses on the best accounting solutions perfect for Mac computers. Here, we will walk you through each software’s key features and unique propositions. By the end of this guide, you will have enough knowledge as to which software is perfect for your company.
The global market for accounting solutions is expected to grow at a CAGR of over 6% for the period 2017 through 2021. The anticipated growth is seen to be fueled by increased demand for modernization of financial processes. The demand, meanwhile, will stem from the need for accurate data, lack of which is known to adversely impact decision-making processes.
Source: Sage Practice of Now (2019)
Another key market trend is the emerging role of accounting mobile apps, which are now capable of handling everyday tasks such as accepting payments, receipt tracking, sending invoices, and budget planning, among many others. However, business owners face the challenge of choosing the right platform for their organizations, considering there are different types of accounting platforms. Most accounting tools support Android, while very few are available on the Mac platform.
In this article, we will take an in-depth look at the 20 best accounting software for Mac. Their features, functionalities, and pricing will be discussed. The rankings do not necessarily mean that one is better than another and should not be construed as such.
First on our list of 20 best accounting software for Mac is FreshBooks, a popular accounting software that makes financial management an easy undertaking. Using the solution, you can handle recurring subscriptions and invoices with relative ease. It is also capable of collecting online payments as it supports credit cards, Google Checkout, and PayPal payments. The product seamlessly integrates with popular business apps, enabling you to streamline such processes. As FreshBooks is a total solution, you need not invest in additional software, giving you financial control from a single console.
FreshBooks is available in a variety of pricing schemes starting at $15/month.
The software’s latest version offers more advanced features that can help you boost your financial management capabilities. The platform offers a dashboard that is designed to make customization easier for you. In case you are worried about data security, the vendor provides secure backups that make sure that your data are kept safe at all times.
The app ensures that your charges are accurate, even allowing you to use its iOS and Android applications to track your work time outside. After all, it’s also the billing and invoicing solution of choice for many.
Detailed FreshBooks Review
A robust and highly-scalable enterprise resource planning software, NetSuite ERP is an accounting software for small and large businesses. The solution essentially automates processes such as billing, inventory and order management, fixed assets, and financial management. It also allows both management and rank and file employees to view key performance reports. The platform smoothly integrates with other NetSuite apps, including ecommerce, inventory, CRM, and order management products.
The software can provide you with an efficient supply chain with its total inventory management feature. This includes a real-time view of important suppliers, inventory, and procurement indicators. You can take advantage of the NetSuite ERP free trial to learn more about its features.
For your accounting needs, the app helps you accurately manage expenses, revenues, and financial disclosure. Its revenue recognition management feature lets you calculate and come up with financial statements for product and service sales.
NetSuite ERP is available on a price-quote basis. You can contact the vendor and request a customized quote. The vendor offers a comprehensive free trial to get you up to speed with the features.
Detailed NetSuite ERP Review
Cloud-based payment automation and management platform Tipalti is designed to help users meet deadlines with impeccable accuracy. It addresses problems such as late payments, administrative overload, non-compliance, and challenges associated with human errors. It reduces time spent on financial management, which is probably the biggest problem plaguing accounting teams.
Users are able to do this without having to undergo training to use the software. The vendor has a demonstration where you can see all the features.
The solution is capable of automating your company’s global payment operation, ranging from onboarding to tax compliance. It can streamline your payment processing methods across 190 countries.
It likewise sees to it that all tax and regulatory requirements are met with least human intervention. The platform can improve customer and vendor payment experiences with the highest attention given to quality.
Detailed Tipalti Review
FreeAgent is an easy-to-use accounting software perfect for small businesses and freelancers. For a reasonable price, it covers everything you may need–including invoicing, expense management, project management, payroll, and tax estimation. The app is compatible with smartphones, tablets, or laptop devices, making it easier for you to send invoices, add expenses, or check sales performance on the fly.
In one neat and detailed dashboard, you get a complete view of all your bank accounts, cash flow, expenses, and more. You can work in the style you prefer and customize the dashboard in a simple drag-and-drop action. You can easily leverage the FreeAgent free trial to learn more about the product’s capabilities.
The invoice timeline also keeps you on top of your bills at all times by tracking down paid, due, or overdue invoices and presenting them in color-coded charts. Other useful features include sales tax reports, expense tracking, and project management.
Detailed FreeAgent Review
A smart accounting platform targeted at small businesses, Zoho Books is designed to manage finances and cash flow. This easy-to-use solution can help you make informed decisions. Uptime, support, and security is not a problem as the software is part of the Zoho stable of products, which are known for their hassle-free features. Using the platform, you can send your clients professional invoices and accept payments online.
Zoho Books is both handy and powerful, providing you with total control over your financial management processes. Aside from this, it sports useful features, which include P and L, balance sheets, and cash flow statements, among many others. The vendor offers a comprehensive free trial where you can learn more about Zoho Books features firsthand.
The system dashboard is visually pleasant, displaying graphs and financial overviews. Also, it is capable of streamlining other vital back-office tasks.
Zoho Books is available in different pricing models, starting at $9/organization per month.
Detailed Zoho Books Review
Sage Business Cloud Accounting offers a smart, user-friendly platform where you can easily manage invoicing, monitor your cash flow, connect to your bank accounts, and more. It has features to support you in each phase of your business processes, be it in sales, expenses, reporting, or quotes, and estimations. Plus, it has a stock tracking feature that keeps track of your inventory and stock levels.
You can use all the features for free for a period of time to see if the software matches your needs.
One of the best things about Sage Business Cloud Accounting is its tax management tool, which allows you to compute your taxes on the same platform. The system easily calculates your taxes according to available transaction data. Moreover, it helps you stay compliant with legislation in place.
Detailed Sage Business Cloud Accounting Review
Sage 50cloud is a trusted and reliable accounting platform trusted by small and medium businesses. It provides best-in-class accounting features in affordable pricing plans. It has inventory management tools, online payment processing, purchase order automation, and tax computation features.
Its distinguishing feature, however, lies in its desktop application, which has cloud-based data access and storage. You can use all the features for free for a period of time to see if the software matches your needs.
To differentiate Sage 50cloud from its sister app Sage Business Cloud Accounting, the former serves as an add-on service for the latter to be integrated into the cloud. And since Sage 50cloud is cloud-based, all accounting data are automatically synced between the desktop application and its cloud servers, making access possible at any time.
Detailed Sage 50cloud Review
BigTime is a time tracking and billing software, combining time and expense tracking, task and workflow management, and billing and invoicing functions all in a single, integrated system. Designed to help businesses increase their profit margins, it provides full productivity and billing features. It also has a professional and user-friendly interface to get your team up to speed with the system at once.
One important feature is its integrated expense tracking, which allows you to monitor all expenses, from billable or nonbillable expenses to service fees. The vendor offers a free trial where you can tinker with BigTime’s features at no cost.
Accessible via mobile devices, BigTime lets you have access to client and staff information and manage your expenses on the go. With your smartphone camera, you can capture receipts and easily attach them to expense reports.
Detailed BigTime Review
Tradogram is a cloud-based online procurement platform that provides complete expense control features and purchase order management. At an affordable rate, it equips businesses with administration and operation features. In addition, it has a supplier management system that gives you a complete view of each supplier’s performance history.
Its administration features can be broken down into several functions: multi-level management, user permissions, supplier list, items catalog, approvals, budgets, inventory, and report builder. If you want to learn more about Tradogram’s features, b sure to try the products free trial.
To streamline your operations, its purchase requisition system allows you to collect and assign internal orders until a user finalizes their purchase. You can also reap the benefits of accounting software from Tradogram’s delivery tracking system, invoicing, and expense tracking.
Detailed Tradogram Review
A total solution specifically designed to make expense reporting and tracking easier, Zoho Expense is capable of automating a number of expense management processes while efficiently making a record of your transactions. Using the tool, you can also convert your receipts into expenses, bunch them together and generate a report, which takes but a single click of a mouse.
A nifty feature of Zoho Expenses is its capability to automatically capture credit card transactions and convert them into expenses as well. The system can run across all devices, making it accessible anytime, anywhere. To learn more about Zoho Expenses features, be sure to check its free trial.
What’s even better is that the platform can minimize problems associated with spending limitations and allowed expenditures, ensuring compliance and enforcement of corporate spending policies. It is loaded with integrations, including Zoho Books and Zoho CRM, which users can use from a single account.
The software is available in a single price model of $15/month. However, if you want more functionalities, you can directly contact the vendor for a customized quote.
Detailed Zoho Expense Review
AvidXchange is a digital accounts payable and billing solution equipped with invoicing, billing, procurement, and supplier management features. If you need to reduce paperwork and free up your AP team, AvidXchange can help you automate your accounts payable and payment processes. It also simplifies purchase orders and procurement processes.
Different industries, like banking, construction, healthcare, and real estate, use AvidXchange for more efficient invoicing and payment processing. It is comprised of several modules, including purchase order, invoice, and payment applications. To learn more about how AvidXchange works, be sure to try the product’s free trial.
AvidXchange offers businesses greater financial visibility so you can effectively manage your expenses, enhance fraud protection as necessary, and improve your rebate potential from e-payment executions.
Detailed AvidXchange Review
SignRequest is an e-signature platform that allows you to sign electronic documents in a breeze. As a simple and convenient application, it lets you easily create and use your legally binding signature in important documents. And in case you need a document signed multiple times, you can build a contract template with fields that are automatically added. This way, you get to save valuable time and accelerate approvals.
The vendor offers a comprehensive free trial to get you up to speed with the features.
Moreover, SignRequest allows you to send multiple documents using only one account. All you need to do is add the documents on the homepage until all necessary documents are ready. After a few simple clicks, you can then bulk-send them to the appropriate recipient.
Also, you can sort all your documents and templates by organizing them into different profiles, team or personal, or you can integrate with document management systems using Zapier.
Detailed SignRequest Review
Bench Accounting provides online bookkeeping services. From importing bank statements and categorizing transactions to preparing financial statements. The software connects you with highly-skilled bookkeepers and in-house experts to take over your bookkeeping tasks. Via desktop or iPhone devices, you get access to essential business information, professional support, and a direct line to your bookkeeper.
More importantly, the software offers reliable support during tax season. Bench Accounting collaborates with you or your CPAs and sends you timely tax time financials for faster filing. It connects you with a licensed expert who will do the prepping and filing before the deadline. Moreover, Bench Accounting keeps months or years of overdue bookkeeping so you can always catch up fast.
Detailed Bench Accounting Review
QuickBooks Enterprise is touted as an end-to-end accounting solution created to cater to the needs of high-growth businesses. A product of the SaaS giant Intuit is equipped to perform everything from financial management and reporting to sales and vendor management. The platform also comes with an advanced payroll system and a sophisticated inventory tracking module so you can easily manage multiple operational processes without having to rely on different software solutions. What’s more, is that it provides users with industry-specific functionalities to simplify compliance management.
By using QuickBooks Enterprise, you can get a 360-degree view of all your transactions so you can stay on top of your business’ financial health without hassle. Also, this software offers the same navigational scheme and simplified language as other Intuit products. Meaning, you can expect to implement it in little to no time at all.
This platform is available in different plans with cloud-hosted subscriptions starting at $140/month and local-only plans starting at $1155/year.
Detailed QuickBooks Enterprise Review
A software solution known to have revolutionized accounting, Xero was developed with providing richer user experience in mind. What’s great about the solution is that it is so easy to use, making even the most complicated accounting processes such as double bookkeeping very simple for new users. In case you need a bookkeeper, the vendor’s certified advisors can assist you. No wonder the product has become so popular in different markets, including the US, UK, Europe, and Australia.
Xero seamlessly integrates with popular third-party apps and accounting solutions. This easy to use accounting software for Mac is so intuitive that no user training is required and setup is a breeze with the vendor’s Express Setup feature. If you want to get more out of the product, a help center can aid you in maximizing Xero’s potential. Simple accounting requirements can be covered by its Starting plan, which comes for $25/month. If you are facing more complex processes such as quotes, invoices, bills, and multi-currency capabilities, the Premium package is right for you.
Detailed Xero Review
An accounting solution designed for use by freelancers and small businesses, QuickBooks Online is capable of simplifying all your accounting processes. The app’s full features can be accessed for up to five users. For unlimited number of users, on the other hand, functionalities are limited. The product is popular among small business owners, accountants, bookkeepers, and finance officers, a testament to its efficacy.
Your business profile is automatically synced to a singular dashboard, where your reports and company accounts can be viewed by multiple users. The solution can create trade, profit, and loss sheets, along with billing and invoices, which can be accessed from mobile devices. Using the dashboard, you can make custom reports and feeds. It smoothly integrates with QuikBooks, Online Payroll, and Intuit GoPayment.
QuickBooks Online is available in different pricing models starting at 18/month.
Detailed QuickBooks Online Review
Cloud-based financial management solution Sage Intacct combines cloud computing and accounting. Its innovative apps are those preferred for AICPA business solutions, which are used by a wide variety of businesses. It is designed to boost business performance and financial productivity. Proof of the benefits of the product is the fact that many accounting firms and resellers offer Intacct to their clients.
Notable system capabilities include accounting, purchasing, cash management, financial consolidation, and subscription billing, to name a few. The software’s general ledger allows for easier data entry and minimizes errors in reports. It is likewise capable of reducing revenue losses while controlling margins and costs. Its multi-currency features can make currency difference computation much easier while streamlining compliance through sales tax automation.
Sage Intacct is available in different pricing plans starting at $400/month.
Detailed Sage Intacct Review
A multi-channel retail management solution, Brightpearl allows organizations to manage core processes like accounting, inventory, orders handling, and customer information all from a single platform. It is designed to help grow multichannel retailers while boosting their bottom lines. The app can greatly benefit retailers by giving them absolute control over their operations while focusing on more pressing tasks like merchandising.
What’s great about the solution is that it offers users insights on different aspects of their business, like their customers, SKU, and channel levels. It is highly flexible, able to seamlessly integrate with major shippers, assuring users of timely and accurate shipments at all times. Having a hard time managing inventory? The product can make it easy for you with its centralized inventory management capability—no need for a third-party inventory management software. For accounting departments, Brightpearl offers an automated accounting functionality, making financial management a breeze.
The vendor does not publicly disclose its pricing details, you will have to request for a price quote.
Detailed Brightpearl Review
Detailed Brightpearl Review
Web-based human resource management solution ADP Workforce Now is targeted at medium-sized businesses. The software automates just about any HR process that you have, all from a single interface. It can help your employees manage and coordinate HR functions by creating additional user permissions for them. Using the solution, you can also manage all employee benefits and holidays, while generating reports from which insights may be derived.
The platform’s core features include time and attendance keeping, talent and benefits management, and payroll. Its benefit plan creation wizard can be set up in accordance with your company’s on-boarding processes. The app’s benefits management features comply with IRS reporting requirements, with a dashboard for all reporting statuses in the offing.
You can access the platform from any device as it has mobile apps for both Android and iOS, which are synced with its web-based dashboard. Customized spreadsheets, graphs, reports, and charts can also be created using the app.
The vendor does not publicly disclose prices. You can contact the company to get a price quote.
Detailed ADP Workforce Now Review
A robust and highly-scalable sales automation and tax compliance solution, AvaTax boasts of a plethora of features that can greatly benefit businesses of any type. The software makes use of different indicators and tax compliance standards to cater to your taxation needs. It enjoys its status as a favorite among businesses. To top it all off, AvaTax is not a simple tax solution; it is practically a total financial management tool.
The platform is capable of giving your organization the ability to respond to tax obligations required by countries around the world. It will provide you with the right tax solution to handle such requirements. The product has a variety of tools for use in various taxes, such as sales and use, VAT, communications, and excise, among many others. It boasts of filing millions in tax returns and managing tax exemptions and other related documents. The solution integrates seamlessly with 3dcart, NetSuite, BigCommerce, Magento, and Intacct.
You can purchase Ava Tax in a variety of pricing plans starting at $50 per year for small businesses.
Detailed AvaTax Review
So there you have it, our top 20 accounting software for Mac. Each one has its benefits to offer, but one is bound to suit your business. Just remember, the importance of accounting to every business organization can never be undermined. Such a process helps companies determine how profitable or otherwise they are. It is also an indispensable tool for financial management, allowing organizations to keep records of both expenditures and incomes, which can be used as the basis for making intelligent financial decisions.
In case you’re having a hard time picking the perfect tool, we highly recommend Freshbooks. Aside from being compatible with Mac computers, it also works great in other devices. Plus, you get to experience a number of impressive and powerful features, like its expense management, time tracking, collaboration tools, and easy-to-understand reports.
To find out more about what makes accounting solutions invaluable, you may check out this article about the importance of accounting software for businesses and organizations.
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