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The Best Accounting Software Programs

The 7 Best Accounting Software Programs

What is the Best Accounting Software to Use?

Gone are the days of needing to painstakingly enter all financial information into either paper or online sheets for your business. Accounting software increases efficiency by allowing companies to track their taxes, accounts payable, accounts receivable, payroll, and other details automatically.

The advantage of accounting software is not just that it saves time, but it also helps avoid human error that can be extremely costly to an organization. Accounting software can be integrated with a company's bank to help facilitate employees getting paid for the exact number of hours worked, keeping track of sales, balancing budgets, controlling inventory, and more. These processes are crucial to an organization, so finding good accounting software can make all the difference to a company's success.

Monday, May 17th

2021 Accounting Software Program Reviews

QuickBooks Review TopConsumerReviews.com Best-In-Class Blue Ribbon Award 5 Star Rating

QuickBooks

5 Star Rating TopConsumerReviews.com Best-In-Class Blue Ribbon Award

QuickBooks is a universally-recognized accounting software used by companies and accountants alike. This is for good reason since they offer the most comprehensive and flexible accounting software in the industry. It is affordable, easy to use, and comes with all the features that small businesses or self-employed people would need to manage their financial data. QuickBooks has easily earned our highest rating for accounting software.

Xero Review 4.5 Star Rating

Xero

4.5 Star Rating

Xero is one of the most popular and well-known accounting software platforms you can find. Many customers describe it as an intuitive program that has everything they need to manage their company finances, and they give high praise to Xero's customer service team for being so easy to work with. Their pricing is affordable and they help customers manage all the details of accounting they could possibly need. Xero is a great choice for accounting software.

Sage 50cloud Review 4 Star Rating

Sage 50cloud

4 Star Rating

Sage 50cloud is the most expensive accounting software in our review. Their product provides all the features that a small business (up to 50 employees) would need to help manage their finances. Sage 50cloud can be accessed from a desktop as well as from the cloud on any digital devices. Some customers have complained about frequent updates with the software that could cause issues, but other than that Sage 50cloud is one of the most comprehensive accounting options on the market.

Wave Review 3.5 Star Rating

Wave

3.5 Star Rating

Wave is one of the few free accounting software options on the market. For freelancers or entrepreneurs who are running on a tight (or nonexistent) budget to get their company off the ground, Wave might be the place to start. They provide basic features to manage your finances, but you won't pay a thing unless you use their payroll system. Wave has its weaknesses, but is well-liked by customers who are just happy to have a free accounting software to get them started.

Kashoo Review 3.5 Star Rating

Kashoo

3.5 Star Rating

Kashoo is one of the simplest accounting software programs on the market. It is designed for small businesses to track their financial data without having to learn complicated software or have a strong background in accounting. Because of its simplicity, it is also one of the less expensive accounting options out there, which is a plus for small businesses. We worry that Kashoo may be too simple for some companies and lack key features that could be useful, but if you need some help in accounting and need a place to start, Kashoo is worth looking into.

LessAccounting Review 3 Star Rating

LessAccounting

3 Star Rating

LessAccounting is a software-based accounting system for small businesses who want to reduce time spent on bookkeeping and managing company finances. They are one of the more expensive choices, especially considering they don't have an integrated payroll system. However, their features are straightforward and easy to learn, so if you're willing to spend the money, this could be a good option to consider if you want hassle-free accounting software.

FreshBooks Review 2.5 Star Rating

FreshBooks

2.5 Star Rating

FreshBooks is an accounting software solution built exclusively for small business owners. Their product assists with everything from invoicing to expense tracking to creating project estimates. Their platform has a simple, easy-to-use layout that would work well for both novice and experienced accountants. Unfortunately, in the past couple of years, customers have complained that company changes have resulted in difficulty working with customer service and software issues that prevent customers and their clients from using FreshBooks for its main purpose. Hopefully FreshBooks is able to update their system and fix some of their issues, but in the meantime they've earned an average rating from us.

Compare the Best Reviews

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Accounting software has become so important to businesses that other programs and platforms often are made to integrate with them to make things more streamlined. The software can usually be accessed online with any device that has internet connection. The complexity of the accounting software, and what it is used for, will greatly affect the overall cost.

When purchasing accounting software online, we suggest you keep the following criteria in mind:

  • Cost. You'll likely be using your accounting software for years to come, so you'll want to find something that comes with a sustainable price tag for the long-term.
  • Functionality. Does the accounting software have the features to take care of all the accounting for your business? Is it straightforward enough to use that others can be trained in its functions without frustration?
  • Customer Service. Integrating new accounting software into a company is a big task. You'll likely have many questions along the way, so you'll need a reliable customer support team that can offer help.

To give you an idea of which choice might be the most effective for you, TopConsumerReviews.com has reviewed and ranked a variety of accounting software platforms. We hope this information helps you locate the right accounting software to help your business run efficiently!

The Best Accounting Software Programs Compare Accounting Software Programs Compare Accounting Software Program Reviews What are the best Accounting Software Programs Best Accounting Software Program Reviews

Accounting Software Program FAQ

Accounting software is a computer program that helps record a company's financial transactions. This includes accounts payable, bookkeeping, payroll, inventory, reconciliations, time sheets, and much more.
No, in fact many account software companies have made their product specifically for small businesses who don't have an in-house accountant and need to be able to manage their finances on the platform without prior knowledge of how it all works. Of course, it is helpful to have an accounting background, but it is not at all necessary.
Most accounting software companies give you the option to pay month-to-month or a lump sum each year. When you pay yearly, you usually end up paying less than you would monthly. You can typically expect to pay between $200 and $1,000 yearly for an accounting software built for small businesses. The number of users, features, and integrations are what make the biggest difference between what different companies charge.
It is highly recommended! Keeping all of your financial information backed up on a software platform that calculates taxes, payroll, does invoicing, monitors sales, and more, is a safe thing to do because it helps eliminate human error that can easily happen when dealing with so many details. Making a mistake with your accounting can be very costly to a business, so using accounting software is becoming the standard.
Nearly all accounting software companies allow you to try their product for 30 days without charge. This is a great way to test out their platform and make sure they have all the features your company needs.
If you're using accounting software that gets a big update, it's usually included in the cost you are already paying. If they add options for additional features, this may come with a separate price, but either way you don't have to worry about doing updates yourself.
It may take a bit of time to get used to all of the functions offered by your accounting software. The companies that create accounting software for small businesses work hard to make sure their platform is intuitive and easy to learn. If you have questions, it is a great idea to contact their customer service team for help.
Yes! Some companies are able to give you customized features and integrations that work for your particular industry. To do this, you'll work directly with the accounting software company to build out a platform that caters to your needs. The cost for this will be determined by the complexity of your software package.
The Best Reviews of Accounting Software Programs