“Accounting is the backbone of the business, and it’s a key department in any organization. If you get accounting wrong, nothing else matters.”

– Richard Branson. 

 

Accounting software makes it easy for small business owners and entrepreneurs to keep track of financial information, such as income, expenses, and tax preparation. It also helps them stay on top of financial matters. 

Many small businesses find that software is an affordable alternative to employing an accountant or a large company to handle their accounting, payroll, and tax preparation. 

There are so many choices on the market that choosing the best solution can be challenging. We have narrowed the list of the best accounting software options down to those that are best for small businesses. 

So, let’s begin.

 

List of 20 Best Accounting Software

Selecting the best accounting software is crucial for businesses of all sizes. It streamlines financial management, helps with compliance, and saves valuable time. So, as per the custom software development company, below are the top accounting software options available; several stand out for their features and functionality. 

 

1. NetSuite

NetSuite simplifies the financial management of businesses with its versatile accounting software. It provides a complete set of tools to perform tasks such as tracking expenses, managing payables and receivables, and creating financial reports. NetSuite is also the best accounts payable software that integrates with many other business functions, creating a unified platform to ensure efficient operations. 

Cloud-based technology allows real-time collaboration and access, which makes it perfect for small and large businesses. NetSuite’s customizable dashboards and features, such as automation and scalability, simplify financial processes and enhance decision-making. They also help companies remain agile in an ever-changing business environment.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No No Yes 4.1 Yes

2. DataSnipper

DataSnipper is the top accounting software for small businesses that streamlines financial tasks. You can easily manage your finances with its intuitive interface. It allows you to track expenses and create insightful reports. The software simplifies receipt and invoicing management to make it easier for you to be paid on time. 

DataSnipper guarantees tax law compliance, saving you money by preventing costly errors. It may be altered to suit your accounting requirements. DataSnipper allows you to gain better control of your financial operations. It also reduces administrative burdens and helps you make informed decisions that will boost the success of your business.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No Yes Yes 4.6 Yes

3. Paychex

Paychex is a comprehensive accounting program that simplifies the financial management of businesses of any size. Paychex’s user-friendly interface, combined with powerful features, allows you to streamline accounting processes. You may create financial reports, track spending, and handle payroll all in one location. 

It enables you to make well-informed decisions by providing you with up-to-date information on your company’s financial situation. Paychex offers automatic backups and secure data storage for your peace of mind. Paychex accounting software can be a powerful tool to optimize your financial operations.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No No Yes 4.1 Yes

The global accounting software market is expected to reach $11.7 billion by 2026, growing at a CAGR of 8.6% from 2021 to 2026.

4. Quickbooks Online

QuickBooks Online simplifies the financial management of businesses with its user-friendly software. It’s simple to manage bank transactions, send invoices, keep tabs on your earnings and outlays, and produce financial reports. 

With cloud-based access, you can work from any location and communicate with your team instantly. It automates many tasks, like reconciling your accounts and calculating the sales tax. This is the best accounting software for small businesses that saves you time and reduces errors. 

It is also a real estate accounting software that integrates other apps and services, such as payment processing and payroll, to simplify your business operations. This software is essential for any growing or small business.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No No Yes 4.3 Yes

 

Accounting Software

 

Airbase

5. Airbase

Airbase simplifies the financial management of businesses with its efficient online account software. It streamlines budgeting, expense tracking, and accounts payable with its user-friendly features. Airbase gives you real-time insight into your company’s expenses, allowing you to control your spending better. 

It seamlessly integrates with your existing best financial software for small businesses, ensuring a smooth workflow. To lower the chance of fraud and mistakes, automate expenditure approvals, vendor management, and payment processes.  

You can make wise financial decisions by using the comprehensive reports and analytics provided by this online accounting software. Businesses may utilize Airbase as a solution to streamline accounting, improve transparency, and reduce costs and time.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No No Yes 4.7 yes

6. Tipalti

Tipalti, a comprehensive software solution for accounting, is intended to simplify and automate financial operations. Automation of invoice processing and payment processing streamlines the accounts payable procedure. Payments to suppliers, contractors, and vendors are also made easier.  

Tipalti helps businesses ensure compliance and accuracy, reduce errors, and save time by automating tedious financial tasks. The platform offers powerful reporting and analytics to help organizations gain insight into their financial operations. 

However, developing accounting software can assist in managing your account data, so it is better to hire software developers. This is a tool that businesses of any size can use. It offers a secure and efficient way to manage accounting and payments, enhancing the financial efficiency of companies and reducing costly errors.

Starting Price Free version Free trial Support Customer Ratings Training
$129.00/Month
No No Yes 4.7 yes

Sage Intacct

7. Sage Intacct

Sage Intacct is a robust accounting software that streamlines financial administration for small and medium-sized enterprises. It simplifies financial reporting, expense tracking, and accounts payable with its user-friendly features. Cloud-based technology allows for easy access anywhere and ensures data security. 

Sage Intacct’s automation features help reduce errors and save time, which allows for better decision-making. It is the best accounts software that offers insights via customizable dashboards and detailed analytics to aid in financial planning and strategies. 

It also integrates with essential business tools to create a seamless financial ecosystem. Sage Intacct is a powerful trucking accounting software that can be used by small businesses and large corporations to maintain control over finances and grow.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No Yes Yes 4.2 yes

Cloud accounting is the fastest-growing segment of the accounting software market, with a projected CAGR of 10.2% from 2021 to 2026.

8. FreshBooks

FreshBooks simplifies financial management for freelancers and small businesses. It streamlines billing, expense tracking, and financial reporting so you can focus on your core business. Professional-looking invoices and regular payment automation are simple to set up. Your cash flow will improve as a result. 

To assist you in keeping your finances organized, the program also has tools for tracking spending and filing taxes. You can make wise decisions by using the educational reports that FreshBooks generates. 

Its utility is increased by its integration with other programs. Even if accounting is not your strong suit, you can manage your finances with this all-in-one solution. It’s an excellent option for business owners.

Starting Price Free version Free trial Support Customer Ratings Training
$17.00/Month
No Yes Yes 4.5 Yes

9. myBillBook

MyBillBook simplifies financial management in businesses with its user-friendly software. You can effortlessly manage your inventory, generate invoices, and keep tabs on your earnings and outlays with the help of this program. This software is ideal for small to medium businesses because it offers features such as GST compliance, bank reconciliation, and financial reports. 

Even if you are not a financial expert, you will be able to navigate the software and use it easily. This tool will streamline your financial operations and help you save time, reduce errors, and ensure that your business is organized and in compliance with tax regulations. MyBillBook simplified accounting for freelancers, small business owners, and retail stores.

Starting Price Free version Free trial Support Customer Ratings Training
$5/Per year
Yes Yes Yes 4.6 Yes

 

Accounting Software

 

10. Xero

Xero, a simple accounting program for small and medium-sized businesses, is designed to be user-friendly. It simplifies all financial tasks, from invoicing to managing expenses. Xero allows you to easily track your income and expenses, reconcile transactions with the bank, and create insightful reports for monitoring your financial health. Additionally, if you are thinking of creating software like Xero, it is crucial to hire offshore developers who provide high-quality services at a lower cost.  

Cloud-based technology allows for secure access anywhere. This makes collaboration with your accountant or team a breeze. The integration with other apps and mobile apps ensures flexibility. Xero’s intuitive interface, automation tools, and real-time access to data empower you to make informed decisions about your finances and run your business smoothly.  

Starting Price Free version Free trial Support Customer Ratings Training
$7.50/Month
No Yes Yes 4.4 Yes

11. Odoo

Odoo, a flexible accounting software, is designed to streamline the financial operations of businesses. It has features such as invoicing, expense tracker, and bank reconciliation for managing finances. Its user-friendly interface simplifies tasks such as creating and sending invoices and tracking payments. 

Odoo integrates seamlessly into other business modules, such as CRM and inventory management, giving you a comprehensive view of the financial health of your company. The open-source nature of Odoo allows customization to meet your accounting needs. Odoo’s comprehensive accounting software enhances transparency and control of your financial processes.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
Yes Yes Yes 4.1 Yes

12. Abby

Abby is a user-friendly accounting program designed to simplify financial management in businesses of any size. It includes a wide range of features, including expense tracking and invoicing. Abby allows you to manage the financial data of your business, create professional invoices, and track your expenses. 

So, if you also want software that can manage all your financial data, then you must develop accounting software with assistance from a software product development company. 

Its intuitive interface makes it easy to use for novices and experts alike. The software also offers valuable insights about your financial status through customizable analytics and reports. Abby works on a variety of platforms and is accessible.

Starting Price Free version Free trial Support Customer Ratings Training
€0.01/Month
Yes Yes Yes 4.7 Yes

13. AvidXchange

AvidXchange, a comprehensive accounting solution for businesses, streamlines financial processes. It has an easy-to-navigate, basic interface. With capabilities including invoice management, payment processing, and expenditure reporting, it boosts productivity and lowers human mistakes. AvidXchange supports electronic payments and integrates seamlessly with various accounting software. 

This software helps organizations make informed decisions, manage cash flow, and improve financial visibility. The software’s automation features save businesses time and money and make it an invaluable tool for those looking to improve their financial management and optimize accounting operations.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No No Yes 4.5 Yes

14. TallyPrime

TallyPrime, a popular online bookkeeping software, is designed to simplify financial management in businesses. It is a powerful tool that simplifies bookkeeping tasks such as recording transactions, managing inventories, and generating reports. 

TallyPrime’s user-friendly features streamline financial management, aiding accurate records, expense tracking, and tax compliance. For optimal software customization, consider the option to hire dedicated developers to enhance your software development process. 

The flexibility of the software allows it to be used by a wide range of industries and businesses. TallyPrime provides a secure, centralized platform to store and collaborate data. This enhances teamwork and data accuracy. The robust reporting features help businesses make informed business decisions.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
Yes Yes Yes 4.3 Yes

Also Read: How To Choose The Best Software Development Company

15. Saniiro

Saniiro simplifies your financial management with its user-friendly software. You can easily track transactions, income, and expenses with its intuitive interface. The software offers powerful features such as a customizable chart, automated bank reconciliation, and comprehensive financial reports. Saniiro offers tax computation and reporting features to guarantee adherence to tax laws. 

Professional-looking invoices and reminders for payments are simple to make and send. With support for multi-currency transactions, the program is perfect for global companies. Your financial information is protected by data security and backup features. Saniiro simplifies your accounting process, allowing you to make better decisions about your business’s financial health.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No No Yes 4.0 Yes

16. Plooto

Plooto simplifies the financial management of businesses with its user-friendly software. Plooto’s intuitive interface streamlines the management of invoices, payments, and expenses. You can easily send and receive invoices online and automate recurring transactions. Plooto makes it simple to manage expenses and generate reports, which helps you keep an eye on your company’s financial health.

Plooto’s ability to seamlessly sync your financial data and securely connect to your bank accounts is what sets it apart. This ensures accuracy and reduces manual data entry. This is a convenient and all-in-one financial management solution that offers peace of mind, improved productivity, and efficient control.

Starting Price Free version Free trial Support Customer Ratings Training
CA$32.00/Month
No Yes Yes 4.3 Yes

17. Yooz

Yooz, a simple accounting program designed for ease of use, streamlines your financial processes. Yooz allows you to manage your expenses, payments, and invoices. Yooz offers intelligent automation that makes data entry and capture a breeze. 

It also ensures compliance with financial regulations. Yooz is the best small business accounting software that automates repetitive tasks to reduce errors and manual data entry. 

Yooz can be accessed from anywhere. Remote work is a breeze. Yooz makes your financial management easier and more accurate, whether you are a small or large business. Additionally, it is vital to know the custom software development cost before investing in a software development project.  

Starting Price Free version Free trial Support Customer Ratings Training
$0
No Yes Yes 4.3 Yes

18. DocuPhase

DocuPhase, a flexible accounting software, streamlines financial processes in businesses. It automates processes like data entry and document management to reduce manual work. Its user-friendly interface allows you to access financial data and reports easily. This helps you make informed business decisions. 

DocuPhase provides real-time insight into your financial status, which allows for efficient budgeting and planning. DocuPhase is a great tool for small businesses and large corporations. It increases productivity, compliance, and accuracy while saving time and money.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No No Yes 4.3 yes

 

Accounting Software

 

19. CenterPoint Accounting

CenterPoint Accounting is a robust accounting software designed to streamline financial management for businesses of all sizes. Offering a comprehensive suite of features, it simplifies tasks such as bookkeeping, payroll, and financial reporting. 

CenterPoint Accounting provides a user-friendly interface and customizable reports, making it easy to track income, expenses, and financial health. With its flexibility, it accommodates various industries and compliance requirements. 

Whether you’re a small business or a larger enterprise, CenterPoint Accounting empowers you with accurate financial data, ensuring better decision-making and compliance with tax regulations. Its intuitive design and powerful capabilities make it an excellent choice for efficient financial management. 

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
No Yes Yes 4.0 Yes

20. Wave Accounting

Wave Accounting is a user-friendly accounting program designed for small businesses and freelancers. It provides essential financial tools for free. Wave makes it simple to keep track of your earnings and outlays, produce expert invoices, and handle financial transactions with ease. 

Software like Wave accounting also allows for automatic imports of transactions via bank connections. Wave’s intuitive interface, customizable features, and ease of use make it ideal for those without extensive accounting experience. Software that ensures compliance with tax and accounting regulations helps you prepare for the tax season. 

Wave’s core features are completely free. However, you can pay for additional services such as payroll processing or payment processing. This allows you to customize Wave to meet your business needs.

Starting Price Free version Free trial Support Customer Ratings Training
Not provided by the vendor
Yes Yes Yes 4.4 Yes

Conclusion

Selecting the finest accounting software is crucial for firms to succeed in the fast-paced finance industry. Xero’s ease of use and QuickBooks’ effectiveness both demonstrate how the correct software can revolutionize your financial management. 

However, you must think about working with a software development company for genuinely customized solutions. They are able to design accounting software specifically for your requirements, which will finally optimize your financial operations and guarantee long-term success.