Whether you're just starting a new business or trying to get your finances organized - business accounting software is a great place to start. There are a number of user friendly, affordable options that allow a company to create invoices, track payables and receivables, run reports, track inventory and much more.
Making the right accounting software choice is an important decision that's dependent on a number of variables. Some of these include the size of business, the number of employees, your desired functions, and your accounting experience. Finding the right accounting software that's flexible and user friendly is imperative to business success.
A number of business accounting software programs exist today that are designed to help small to medium sized businesses. Which accounting software product is right for your company? There are several important factors for you to consider, including:
Functionality. Will the accounting software complete all the major functions needed for bookkeeping and accounting for your business?
Price. How does the accounting software price compare to those offered by other software companies?
Customer Service. Is the customer support for the accounting software available if a question or problem comes up?
TopConsumerReviews.com has reviewed and ranked the best accounting software available today. We hope these reviews help you find the right accounting software that works for your business!
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Undoubtedly the reigning leader in accounting software, Intuit's QuickBooks continues to be the choice of many small businesses for accounting, invoices, and more.
QuickBooks, whether the desktop or online version, contains nearly every accounting and bookkeeping feature that a small business needs. The accounting software is good for small businesses of any size. It's very easy to use, intuitive for both the novice and experienced user alike.
The Quickbooks software works cleanly, with helpful add-ons such as payment processing, direct deposit, payroll and check printing, to make running your business a lot easier. Additionally, the ability to produce a variety of different accounting reports will help your business track its financials better and conduct the analysis you need to track your costs and stay competitive.
Quickbooks updates are timely, and new accounting software versions are developed and marketed nearly every year. Updating can be an added expense, but like with most software upgrading is optional. The decision whether or not you upgrade depends on what's new and revised, and whether that need is essential to your business.
All in all, QuickBooks continues to be the best choice for most businesses. Given the many accounting features it provides, its relative ease of use, and their top notch customer support, Quickbooks is an excellent choice for your accounting needs. They earn our highest rating.
Sage 50, rebranded in 2010 from its former moniker Peachtree Accounting, is probably one of the best known accounting software packages. Sage 50 offers many different accounting software packages in disk format. They don't offer any online versions.
The price ranges between about $53 to $280, depending on the package that you purchase. It works for most small businesses, but given the cost and the many features offered it's very suited to small to medium sized companies with 25 to 200 employees. The software is easy to load and get started with, and you don't have to have an accounting education or background to use it.
On the downside, you have to pay to download updated tax tables. To receive these updates, as well as any type of customer support, you have to enroll in one of their subscription-based services. You can still get away with not paying for this, but you have to perform the payroll tax calculations outside the program and manually enter the numbers. When you factor in these add-ons the price increases significantly.
Sage 50 is also a bit lacking if you are switching from another program. Rather than a seamless import function, you have to move your data from your old application to an Excel spreadsheet and then transfer it over to Sage. Not a terribly big deal, but still some extra work for you.
In summary, if you're a growing business and need some robust accounting functions and applications, Sage 50 may work for you, despite its admittedly higher cost.
Wave Accounting is a web based accounting system. There is no software to download as everything is available online. Perhaps its best feature is that it is completely free of charge. The website application is supported by advertisers which appear on their Business Savings feature offering a page full of special offers for Wave users.
Wave Accounting started in 2010 and is based in Toronto. The application is specifically designed for the very small business and owner-operator, with nine employees or less. Wave is designed for the non-accountant because of its overall simplicity and basic features. It's likely that the accounting professional would find it much too limited for their liking, but then again, Wave is not attempting to serve that particular
Like many new startups, Wave began with very limited features. Over the past few years they really have not changed or updated their offerings to a great extent. One exception is the integrated payroll processing solution that was added for Canadian users and later expanded to the U.S. market. There is a $5 per employee charge for this feature.
Wave Accounting is sort of a jack of all trades and master of none. It offers most of the same features that the best accounting programs and websites offer, but it isn't nearly the best at any of them. It does have the ability to connect the financial institutions you work with, such as banks and credit card companies, enabling you to download your recent transactions.
Overall, Wave Accounting is a very basic, free of charge accounting solution for the smallest of small businesses. If that describes you and your business, you might want to give Wave Accounting a try.
Less Accounting is an online accounting program that seeks to offer a more simplistic alternative to more comprehensive options. Based in Toronto, Canada, the founders of Less Accounting sought to develop a program for small businesses and individuals with very basic accounting needs and did not need all of the features and functionality of larger more comprehensive accounting software. It is geared towards small businesses
of 20 employees or less with simple accounting needs.
Less Accounting is completely online so there is no software to buy and load onto your computer. All of your data is kept secure and backed up using Cloud technology.
Less Accounting costs $30 per month and you must pay month-to-month. There is no contract or long-term subscription so you can cancel at any time. They do not offer a trial option but do have an online demo available off their website that at least lets the potential user get a look-see at what they can do and view the overall appearance of the program. Set up is quick and easy.
The program uses simple terms that the accounting or bookkeeping novice can understand. However, there are two deficits that are critical: The lack of an integrated payroll solution and the absence of an activity log, or audit trail.
In summary, Less Accounting is a decent option for a business that does not require much in the way of accounting tools. If you require anything more than the most basic of services, you would be best to look elsewhere; especially given the hefty monthly costs found with Less Accounting.
Accounting Software In The News
Xero names new CFO Xero, the cloud-based accounting software firm, named US-based Douglas Jeffries as its new chief financial officer, replacing Ross Jenkins who will take on the new role of chief operating officer responsible for field operations.Jeffries,... Publication Date: Wed, 28 Jan 2015 20:19:59 -0800
Xero names US-based Douglas Jeffries as CFO as it targets North American market Xero, the cloud-based accounting software firm, named US-based Douglas Jeffries as its new chief financial officer, replacing Ross Jenkins who will take on the new role of chief operating officer responsible for field operations. Jeffries, who has 30 years of financial, strategic and operational leadership at growth companies such as RetailMeNot, Taleo Corp, Palm Inc, and Ebay Inc, will be ... Publication Date: Wed, 28 Jan 2015 19:39:00 -0800
Doug Jeffries joins Xero as CFO Cloud accounting software firm Xero has appointed Douglas Jeffries as its executive vice president and chief financial Officer. Publication Date: Wed, 28 Jan 2015 19:25:01 -0800
Xero seeks US boost with new platform Accounting software firm Xero has introduced a new combined payroll and accounting software platform to help increase growth in the US.The company hit some speed bumps in the US last year.After conceding expansion there had been... Publication Date: Thu, 15 Jan 2015 08:29:52 -0800
Xero announces new product for US push Accounting software firm Xero has restated its commitment to its US expansion, with the business announcing a combined payroll and accounting software platform in the US today, and rollout expected in other countries over this year.Chief... Publication Date: Wed, 14 Jan 2015 17:14:46 -0800
EzW2 Tax Preparation Software Speeds up W2 and 1099 Recipient Filing for Last Minute Customers Last minute W2 and 1099 filers can download ezW2 2014 and try the white paper printing feature at http://www.halfpricesoft.com (http://www.halfpricesoft.com). The new edition of EzW2 Software eliminates the need to pre-print tax forms for W2 and 1099 form recipient copies.Publication Date: February 01, 2015
Forex Triple B Review: Vladimir Ribakovs Advanced Trading Software Examined by CovertForexOps.com Forex Triple B (BBB) is a semi automated trading platform that is being tipped by many experts as the best alternative at present for the lazy traders looking for a steady return. CovertForexOps.com, an experienced market research organization in the field of forex trading, has recently carried out a detailed review of Vladimir Ribakovs Forex Triple B.Publication Date: January 31, 2015