The importance of accounting to every business organization can never be undermined. Such process not only helps businesses 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 basis for making intelligent financial decisions.
Although a daunting task, accounting has long been a critical process for businesses and there’s no changing this fact. For this reason, accounting tools were developed. These technological marvels help bookkeepers and accountants record and report on the transactions of businesses. All these tasks have previously been done by hand, with the use of ledgers and large journals. The laborious task of reporting was also deemed impractical in the past due to the herculean task of consolidating manual entries.
Accounting solutions automate these jobs while reducing accounting costs and human errors, making these tools invaluable for today’s businesses. There are many more reasons for businesses to use accounting solutions. However, not all accounting software are created equal. For small and medium-size organizations, platforms with basic accounting functions may suffice. But for large corporations, customized solutions are preferred as they are capable of integrating huge amounts of information from different departments within companies.
The market for accounting software as huge as it already is, is set to further expand. In fact, the global market for such solutions is expected to grow at a CAGR of over 6% for the period 2017 through 2021. This anticipated growth is seen to be fueled by increased demand for modernization of financial processes. Such demand, meanwhile, will stem from the need for accurate data, lack of which, is known to adversely impact decision-making processes.
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. Most accounting tools support Android and very few are available on the Mac platform, which is why many companies are constantly on the lookout for accounting software for Mac.
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, which is 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 card, 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.
What’s even better is that 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.
FreshBooks is available in a variety of pricing schemes starting at $15/month. You can also sign up for FreshBooks free trial here.
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, it 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. In addition, 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.
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.
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 system dashboard is visually pleasant, displaying graphs and financial overviews. In addition, it is capable of streamlining other vital back-office tasks.
Zoho Books is available in different pricing models starting at $9/organization per month. You can sign up for Zoho Books free trial here.
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 problems associated with human errors. It reduces time spent on financial management, which is probably the biggest problem plaguing accounting teams. This, users are able to do without having to undergo training to use the software.
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 in 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.
The vendor has a demonstration where you can tinker with all the features. You can sign up for Tipalti free trial here.
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 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.
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.
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 bottomlines. 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 customer, 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. 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.
Web-based human resource management solution ADP Workforce Now is targeted at medium-size 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 the app.
The vendor does not publicly disclose prices. You can contact the company to get a price quote.
A robust and highly-scalable enterprise resource planning software, NetSuite ERP is specifically designed 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 supplier, inventory and procurement indicators. For your accounting needs, the app help 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 for a customized quote.
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.
Scoro is a cloud-based business management software that is specifically designed to cater to advertising, information technology and consulting firms, among others. The product has a wide array of features such as collaboration, work scheduling and tracking, project management and CRM. The product’s user interface is easy to use and eliminates the need to switch between email clients and solutions. Scoro acts as a control hub for all your business activities and tools, which display key performance data, account information and calendar events, making working with the platform relatively effortless even for newbies.
The solution also has native tools that offer country-specific integrations for European markets. It is the only software of its kind, which gives users total control of their businesses from a single location. With Scoro, you are always in the know as it allows you to view task changes in real time. You can add tasks if needed, which can save you precious time in managing projects. It also allows you to view financial reports with a click of a mouse, making easy work of accounting and finance. The app can smoothly integrate with iCal, Outlook, Google and other calendar tools. Scoro also integrates easily with QuickBooks and Xero. Users can manage their invoices, quotes, contracts, contacts, and estimates, forecasts & reports in Scoro, then send their data directly to Xero or QuickBooks for the actual accounting tasks. Using Scoro to store all the business data, makes Finances & Accounting easier for both: business managers & accountants.
You can avail of Scoro in a variety of pricing plans starting at $22/month.
A robust finance and accounting software, Zoho Invoice is designed to cater to small to medium-size businesses. The solution enables users to create and manage personalized invoices, which they can easily share with customers. It can be used to track any transaction and customize invoicing using a library of templates, along with imported elements if need be. It likewise makes creation and distribution of invoices in different languages and currency possible.
Aside from its inexpensive pricing, Zoho Invoice is highly-suitable for novice users owing to its intuitive interface. It eliminates the need for complex timesheets and steep learning curves. Using the software, you can come up with your own forms and invoices and tweak settings from the moment you create your account. It also allows you to set up taxes and tax groups and make their templates and logos available online. The software has an open API that enables it to run in conjunction with your existing architecture.
Zoho Invoice can be purchased in a variety of pricing plans starting at $7.
Web service Online Invoices is designed to help companies handle and track sales, create invoices, accept and monitor payments, among other processes. It is a robust invoicing platform, which also doubles as an accounting and tax management tool. The product has a powerful real time reporting functionality, which can effectively measure your business’ progress. With the solution, you can monitor business activities at any time and make necessary adjustments in areas where they are needed.
The product comes in three modules that are designed to manage individual areas and workflows of your organization. Its Sales and Invoice Management System lets you track sales, come up with invoices and accept payments. A Client Follow-Up and Management feature, on the other hand, can greatly improve client communication, allowing you to use transaction history to boost your business. Lastly, the Invoice Management and Control system can help you in inventory management anytime, anywhere. The software smoothly integrates with CRM and ERP platforms.
Online Invoices comes in different pricing plans starting at $9.95/month.
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. 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.
A robust business expense management platform, Happay is designed to help businesses of any type and size to fund, track and manage expenditures online from the comfort of their computers and devices. The app focuses on employees, allowing them to efficiently spend and manage expenditures without concerning themselves too much with reports and paperwork. The solution enables staff to control expenses using smart prepaid credit cards. All expenditures are recorded and stored in real time, allowing for improved accountability and auditing.
With Happay, you can limit employee expenses as it can specify purpose, allowable figures, item categories and other expenses-related factors. This way, you can effectively allow staff to spend minus the danger of overspending, enabling you to stick to your budget. The solution also keeps track of all purchases, storing them in a single location. It is this feature that also enables users to access data with ease and simplify their searches for details.
Happay is available on a quote-basis. You can contact the vendor for a customized quote and other product details.
Web-based time tracking and billing software SpringAhead is specifically targeted at staffing and professional service firms and accounting practitioners. The solution is easy to set up and also act as an expense report tool, capable of automatically itemizing transactions, monitoring project expenditures and hastening expense reporting. It can likewise quickly create custom invoices for your company.
SpringAhead can automate timesheet filling and time card approval, making staff attendance monitoring an easy task. In addition, it enables users to itemize item description so that what shows up in invoices can be specified. Users can likewise import credit and bank card transactions from a specific file as the product supports credit and bank card integration. This is complemented by its foreign currency conversion tools. To make things even better, you can monitor revenue and labor costs by project while being able to manage activity, class and departments.
SpringAhead is available on a quote basis. You can contact the vendor directly to request for a customized quote.
Expense management and reimbursement platform Fetch is designed to simplify expense reporting and reimbursement for team members. This user-friendly piece of software can be used by anyone, making it possible for businesses to accurately track and document employee expenses and reimbursement. It is easy to setup, and also supports any device running on Android or iOS. Its intuitive dashboard features an interface that makes for easy navigation.
After completion of the setup, the tool can be linked to a bank account, which will allow for faster payment and reimbursement. Employees can enjoy quick submission of their expenses using their mobile devices without having to use email for figure validation or clarification. With Fetch, users can be sure that all their transactions are protected as security is of paramount concern to the vendor. Businesses are provided with insights into their operations through the generation of reports for use by accountants and bookkeepers.
Fetch is available in a single enterprise plan for users starting at $9.95.
MoneyWorks is a total solution that is designed especially for businesses and finance and accounting professionals. It is a powerful piece of software that is packed with features designed to manage your accounting data and help your business run smoothly. The product enjoys full technical support and updates, can easily fit into your processes and seamlessly integrate with existing systems.
Designed to be highly flexible and interoperable, MoneyWorks enables users to structure accounts to match organizational needs. The software can seamlessly integrate with popular payroll, POS or CRM platforms and generic systems such as Office, mySQL and FileMaker. These integrations result in a more streamlined workflow for your business. Its dashboard charts give you insights on your business’ performance, allowing you to make sound decisions. You can easily access company data through on screen lists that the system automatically generates.
MoneyWorks has powerful reporting features that can help you manage your accounting processes. Its reports and subsummary functionalities are complemented by a report writer that allows you to come up with reports that you need. The product is easy to use and does not require any formal training to learn.
Zybra Accounting is cloud-hosted so its modules work smoothly with any desktop. It centralizes your financial-related data and transactions, such as: payments, invoicing, expenses, cash flow, bank reconciliation and accounting reports.
The UI is intuitive and matches the requirements of non-technical users, allowing them to automate repetitive tasks and routines. This greatly streamlines the accounting process, such as, utilizing the single-click estimate-to-invoice feature and setting up recurring invoices.
A key Zybra feature is the built-in machine learning that can translate into digital data any uploaded sales bills and receipts. It also integrates with key business systems like a POS.
For security features, the accounting software uses multilayered firewalls and data encryption to protect your confidential data at rest and in transit.
Other notable features to check include integrated payment gateway for receivables, cash flow management and inventory management.
So there you have it, our top 20 accounting software for Mac. Each one has its own benefits to offer, but one is bound to suit your business.
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