Key Takeaways:
- Explore leading accounting solutions for businesses in the USA that simplify financial management and enhance efficiency.
- Compare key features and pricing plans of top accounting software providers to make informed decisions.
- Find out how accounting software aids in budgeting, financial planning, and tax compliance.
The modern digital revolution has given businesses an open platform to grow and acquire more clients.
Looking for Accounting Software? Check out SoftwareSuggest’s list of the best Accounting Software solutions.
So, businesses today are looking for accounting software in the USA to automate payable and receivable accounts, manage payrolls, and more. In fact, the accounting software market is projected to grow to $20,408 million by 2026!
With such a booming market, selecting the right accounting software can be a daunting task. To help, we have come up with an extensive comparison of US accounting software for American businesses that will assist them in making the right choice.
Before committing to accounting software, assess your business needs, including scalability, integration capabilities, and budget constraints. Opt for a solution that aligns with your long-term goals and offers robust features like expense tracking, reporting, and seamless integration with other essential business tools for optimal efficiency.
Our selection of these Accounting Software Providers In The USA is based on thorough research and analysis. We have listed these softwares based on usability and satisfaction score that include features, ease of use, customer support, ratings, and number of reviews from SoftwareSuggest. Our goal is to help businesses select the right softwares that can help them optimize their business processes.
Top 10 Accounting Software Providers In The USA
Accounting software records and oversees financial activities in multiple modules, like payroll, ledgers, journals, accounts payable, and receivable. Let’s take a look at the top US accounting software providers.
| Software Name | Free Trail Period | Pricing |
|---|---|---|
| 30 days | Standard: $190 per organization/month | |
| 30 days | Standard: 30 $ on a monthly basis | |
| 14 days (contact sales for extended trial) | Connect with the vendor | |
| 30 days | Plus: $22.50 billed yearly—save $30 | |
| 30 days | Small Business Big Sale: USD 53.02 Per Month | |
| 14 days | SMB Plan: $249 per year | |
| 30 days | Team: $39 user/month | |
| Contact sales for trial options | Connect with the vendor | |
| Free plan with limited features | Pro Plan: $170/year | |
| 30 days | Large Businesses: £9.45/month For the first 3 months* |
1. Zoho Books
This straightforward and best accounting software has long been a favorite of businesses owing to its affordable pricing and user-friendliness. Their integrations with Office 365, Slack, GSuite, and numerous payment service providers, including Add-on APIs and mobile apps, make them widely popular in the accounting software category across the country. The comprehensive accounting software is laden with features such as a general ledger, income/expense tracking, reconciliation, a wide range of reports, and analytics while facilitating the users to export the information. Various mobile apps by Zoho Books bring company accounts to the fingertips of users.
Features
- Reporting & statistics
- Reporting/analytics
- Expense tracking
- Financial analysis
- Financial management
- Requisition management
- Sales tax management
- Spend management
- Supplier management
- Task management
- Tax calculation
Pricing On Monthly Plans
- Basic: $ 9 per organization/month
- Standard:$19 per organization/month
- Professional: $ 29 per organization/month
Pricing On Yearly Plans
- Basic: $90 per organization/month
- Standard: $190 per organization/month
- Professional: $ 290 per organization/month
- It is easy to generate invoices and accept payments.
- It automates regular bills and installment changes.
- The tool has two-factor authentication.
- The tool lacks advanced features.
- It has limited reporting capabilities.
2. Xero
Xero, reasonably priced cloud accounting software developed by a New Zealand-based company, is popular for easy accounting and bookkeeping activities. Developed as a SaaS platform, it works online; hence, it is available on any computer to users, as well as on smartphones with their apps.
Owing to their integrations with more than 600 third-party software, users can import bank transactions right into the software and update cash flow and financial data in real time with many more facilities. Unlimited logins make it easier for users to collaborate. However, according to user reviews, their telephone and remote support is quite difficult.
Features
- Billing & invoicing
- Billing portal
- Cash flow management
- Contract/license management
- Document management
- Due date tracking
- Dunning management
- Email management
- Expense management
- Expense tracking
Pricing On Monthly Plans
- Starter: 9 $ on a monthly basis
- Standard: 30 $ on a monthly basis
- Premium 10: 70 $ on a monthly basis
- It is easy to use and accessible from anywhere.
- The third-party integrations are seamless.
- The customer service support is excellent.
- The invoicing screen slows down work at times.
- The range for reports is limited.
3. NetSuite
NetSuite is an ERP-based accounting software used in the USA. NetSuite is popularly known for its ability to outperform conventional accounting solutions and to seamlessly incorporate business processes and accounting with sales and services.
Increasing users’ financial viewing angle, NetSuite ERP gives real-time access to live financial data. It generates invoices and sales orders with a click while reducing the cost of back-office operations.
Features
- Audit management
- Audit trail
- Automated scheduling
- Availability management
- Backorder management
- Barcode/label management
- Barcode/ticket scanning
- Billing & invoicing
- Budget management
Pricing
Please connect with the vendor for pricing.
- It is easy to download data from any timeline.
- The dashboard is user-friendly and offers easy accounting.
- It is easy to customize reports by adding data fields.
- The reporting functionality is complex to use.
- It has a lack of integration with the PSA tool.
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4. FreshBooks
Cloud-based accounting solutions developed by a company headquartered in Canada are efficient, especially for those who are self-employed and SMBs. FreshBooks takes care of all basic accounting needs for users, such as automated invoicing, billing, income/expense management, generating, downloading, and even emailing reports/statements, and more. Their user-friendliness, customer support, and quick deployment make the investment worth it.
Features
- Expense tracking
- Financial analysis
- Financial management
- Invoice management
- Invoice processing
- Mileage tracking
- Online invoicing
- Online time tracking
- Payment processing
- Payroll management
- Payroll reporting
- Project accounting
Pricing on Monthly Plans
- Lite: $15
- Plus: $25
- Premium: $30
Pricing on Yearly Plans
- Lite: $13.50 billed yearly—save $18
- Plus: $22.50 billed yearly—save $30
- Premium: $45 billed yearly—save $60
- It allows for tracking time for each project.
- The tool makes it easy to view and create invoices.
- It offers excellent customer service and seamless integration.
- The tool can have more advanced features.
- The ACH payment option needs improvement.
| List of the Accounting Softwares by Country |
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5. QuickBooks
Quite popular in small business and enterprise groups, QuickBooks’ online version ‘QuickBooks Online’ makes it universally accessible and lite to use. One of the most sought-after features is quick downloads of banking transactions due to the connectivity with various banking and credit card portals.
Features
- Accounts payable
- Accounts receivable
- Accrual accounting
- Activity tracking
- Ad hoc reporting
- Email management
- Exemption management
- Expense tracking
- Asset tracking
- Attendance management
- Billing & invoicing
- Cash flow management
Pricing
- Basic Version: USD 75.76 Per Month
- Small Business Big Sale: USD 53.02 Per Month
- It allows easy access from multiple locations.
- The tool is easy to implement and use.
- It automatically updates inventory for users.
- There are too many bugs in the app.
- The tool is not customizable.
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6. ProfitBooks
ProfitBooks is the fastest-growing online accounting software that focuses much on project collaboration. Books created in the software can be shared with corresponding advisors while multiple employees access the projects. It is quite popular accounting software for small businesses as it does not require typical finance knowledge, and they find it easy to operate owing to its simplicity.
Features
- Accounts payable
- Accounts receivable
- Income and expense tracking
- Bank reconciliation
- Billing & invoicing
- Budgeting/forecasting
- Expense tracking
- Financial management
Pricing
- Professional Plan: $149 per year
- SMB Plan: $249 per year
- The tool is easily customizable.
- It is easy and quick to create invoices.
- The took makes it easy to evaluate financial statements.
- The reports field needs more customization.
- The tool needs to add more advanced features.
7. Bill.com
The automated bookkeeping platform streamlines an organization’s accounting requirements. Their online ACH payments and approval are said to have cut bill payment time by half. Their featured e-invoicing and direct deposits accelerate payments. They offer unlimited data storage with accurate transactions trailing, another feature that enhances their utility.
Features
- Invoice management
- Mobile payments
- Payment processing
- Recurring/subscription billing
- Spend management
- Status tracking
- Tax calculation
Pricing
- Essentials: $29 user/month
- Team: $39 user/month
- Corporate: $59 user/month
- Enterprise: Custom
- The tool offers excellent integration options.
- It offers a centralized system for financial transactions.
- The AP modules auto-process bills in an excellent manner.
- The bill interface dashboard is outdated.
- There are issues with sync, and there’s no tracking mechanism for it.
8. SAP Financials
With the introduction of SAP Financials, SAP has ventured into accounting and business finance management. SAP has kept in mind a wide range of industries while developing intricate accounting features.
SAP Financial comes with the empowered ERP features that SAP is known for. Core accounting and finance management, payroll, fixed assets management, and regulatory compliance are the noteworthy features of ERP giant SAP in accounting software.
Features
- Budget management
- Campaign management
- Cash flow management
- Cash management
- Contact management
- Demand forecasting
- Distribution management
- Document management
- Email management
Pricing
Please connect with the vendor for pricing.
- It is faster than other web-based accounting tools.
- The tool is easy to use and corrects mistakes for sales and expenses.
- It has multiple shortcuts to add new data.
- It takes time to download reports.
- The T-codes are difficult to remember.
9. Wave
Among the other solutions by Wave, this free accounting software starter plan is top-notch! Moreover, their free double-entry feature in accounting solutions makes them more desirable for small and mid-sized businesses. At the same time, the developer targets freelancers and solopreneurs too in their user category.
With this accounting software used in the USA, users can access and work on multiple businesses with a single login. Apart from regular account keeping, Wave offers integrated features to manage invoices, receipts, processing payments as well as payroll. Notably, Wave is being used across 200 countries worldwide.
Features
- Appointment scheduling
- Campaign management
- Review monitoring
- Communication management
- Feedback management
- Sentiment analysis
- Social sharing
Pricing on Monthly Plans
- Starter Plan: $0
- Pro Plan: $16/month
Pricing On Yearly Plans
- Starter Plan: $0
- Pro Plan: $170/year
- It has a user-friendly interface and offers extensive features.
- The tool makes it easy to toggle between personal and business uses.
- It makes invoicing and tracking finances easy.
- There are technical glitches at times.
- The payment feature needs to be improved.
10. Clear Books
This award-winning intuitive online accounting software developed by a UK-based developer is proving to be a simplification tool for accountants and businesses. Loaded with the benefits of a cloud platform, Clear Books is known for multi-currency accounting and even tax submissions.
However, users are having a hard time with the lack of an autosave feature. What makes this software special is its partnership with accountants, whose inputs impact a great deal of the software utilities.
Features
- Budgeting/forecasting
- Cash flow management
- Payroll management
- Performance metrics
- Project accounting
- Project management
- Purchase order management
- Receipt management
- Email management
- Financial management
Pricing On Monthly Plans
- Small Businesses: £4.00
- Large Businesses: £8.40
Pricing On Yearly Plans (10% Off)
- Small Businesses: £4.50/month For the first 3 months*
- Large Businesses: £9.45/month For the first 3 months*
Pricing On 2 Year Plans (20% Off)
- Small Businesses: £4.00/month For the first 3 months*
- Large Businesses: £8.40/month For the first 3 months*
- It is easy to use for both clients and accountants.
- The tool makes it easy to manage account transactions.
- It has a very user-friendly and intuitive interface.
- The customer service needs improvement.
- It is difficult to understand how to apply for refunds and credits.
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Bringing It All Together
Accounting tasks have always been a difficult business aspect to deal with for entrepreneurs. With the advent of software that automates and streamlines the accounting process, it has been a time-consuming decision for businesses to select the right accounting solution provider.
Typically, in the USA, selecting the right software is more than a simple IT investment. Nevertheless, in contemporary times, business corporations are heading to equip themselves with all-inclusive solutions or software packages that take care of almost all operations related to business.
While the world is in the middle of a technological revolution, an organization has to be a little careful with maintaining manual data entry, finances, and accounts. The accounting software programs listed above can help businesses reduce costs, time, and efforts spent on bookkeeping and finance management. Take this list for a ready reference while selecting an accounting software provider that matches your needs. Have a nice accounting ahead!
Accounting software in the USA assists in tax compliance by automating calculations, generating required forms, tracking deductible expenses, facilitating timely filings, and ensuring accurate record-keeping for audits.
Yes, accounting software can integrate seamlessly with other business tools used in the USA. It streamlines operations and enhances efficiency by improving data exchange and workflow coordination.
Accounting software streamlines financial data collection, analysis, and reporting for businesses in the USA, ensuring accuracy, efficiency, and compliance with regulatory standards, thereby improving overall financial transparency.
Yes, cloud-based accounting software is generally secure for businesses in the USA due to robust encryption, authentication measures, and compliance with industry standards.
Accounting software in the USA supports budgeting and financial planning by improving tracking expenses, generating financial reports, forecasting revenue, and providing insights for strategic decision-making.
Some of the popular accounting software used in the USA are Xero, Netsuite, QuickBooks, Zoho Books, Wave, etc.
Amaey Anand is a certified accountant with over 10 years of experience in the finance industry. He has worked with various organizations to streamline their petty cash management processes and reduce inefficiencies. He has also written several articles on financial management for leading publications such as Zensuggest and The Wall Street Journal.
