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!
Disclosure: We pay our reviewers and we are compensated for our reviews. Click here for details.
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
Business Software Company to Exhibit at the 2014 Cleveland Accounting Show e2b teknologies, a certified reseller, developer, and consulting organization for ERP accounting solutions, will showcase their ERP and CRM solutions and related services at the 2014 Cleveland Accounting Show in booth #43. (PRWeb October 23, 2014) Read the full story at http://www.prweb.com/releases/2014/10/prweb12272494.htm Publ.Date : Thu, 23 Oct 2014 10:14:07 -0700
Viteos Awarded Best Shadow-accounting Firm NEW YORK and LONDON, Oct. 24, 2014 /PRNewswire/ -- Viteos, the leading shadow-accounting firm for hedge fund managers, announced today it has been named as Best Shadow-accounting Firm (a new category) ... Publ.Date : Fri, 24 Oct 2014 09:15:00 -0700
Sage Celebrates Small Business and Encourages Efficiency Pledge Sage North America, leading provider of business management software and services to small and midsized businesses in Canada for more than 30 years, announced today the release of the accounting software ... Publ.Date : Wed, 15 Oct 2014 06:02:00 -0700
Zoho Bridges Gap Between Subscription Economy and Traditional Accounting Zoho today announced the launch of Zoho Subscriptions, its online subscription management software for businesses that rely on recurring revenues. In an industry first for small and medium-size enterprises , the new product bridges the gap between the subscription economy?s recurring revenue focus and traditional accounting requirements. Publ.Date : Wed, 22 Oct 2014 06:44:00 -0700
Main menu Intuit Inc. announced several updates to its popular accounting software QuickBooks on Wednesday at its QuickBooks Connect conference in San Jose, including a new partnership with cloud storage vendor Box and a suite of tools and services for developers. Publ.Date : Thu, 23 Oct 2014 10:48:22 -0700
Intacct Opens Development Office in Romania SAN JOSE, Calif., Oct. 22, 2014 /PRNewswire/ -- Intacct, a leader in cloud financial management and accounting software , today announced it has opened its second international office ? Intacct Romania ... Publ.Date : Wed, 22 Oct 2014 05:45:00 -0700