Best Affordable Accounting Software For Your Business

HD Accounts & Billing star star star star star_half 4.6 (5)

Best Billing, Inventory, Accounting Management Solutions

HD accounting software is offering billing, stock management, financial accounting and Tax. This software helps all type of organization to manage their financial work and It is installable on a single or multiple Terminals.The benefits of having billing software is, it is affordable and you get the notification for your bill like Facebook notification.

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Saas
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Api
Both (SAAS & One time)

Zoho Books star star star star star 5 (4)

Cloud Based Best Accounting Solutions

Zoho Books is web based account management software. This software is helpful in sharing recent transactions and accept bulk payments. This software helps companies to streamline their back office operations and all financial transactions from a single hub. This software will help your organization to become more productive.

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Onetime
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Customisation
Mobile
Saas
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Web Based and
Installed
Api
Both (SAAS & One time)

QuickBooks star star star star star_border 4.3 (11)

The next generation best Online Accounting Software for Small Businesses

Quickbooks financial software comes with various features which assist small and large business in managing their financial activity. By using this software, you can easily create financial reports including payable aging, accounts receivable, P&L statements, cash flow statement.

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Onetime
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Customisation
Mobile
Saas
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Web Based and
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Api
Both (SAAS & One time)

LOGIC Account star star star star star_border 4 (4)

Best Small Business Accounting Software

Logic account is an ideal for billing, inventory and accounts functions. It's best cloud based account software for small businesses. The Billing and Inventory accounts are easier than ever. Heavily loaded with functionalities and features. This is most affordable for a small business account.

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Onetime
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Customisation
Mobile
Saas
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Api
Both (SAAS & One time)

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Intacct star_border star_border star_border star_border star_border

Most Popular Small Business Accounting Software

Intacct software is the choice of the experts in accounting. This software integrates management and financial reports across their business entities within minutes does not take an entire day which helps to grow and develop businesses. This software helps to control around billing, accounting and reporting and helps to reduce the errors.

Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

NetSuite star star star star star_border 4.3 (3)

SaaS Based Best Accounting Software for Small Business

NetSuite is the first solution to deliver on the promise of intelligent, integrated and simpler applications for small accounting software business. NetSuite is the world’s most customizable Software-as-a-Service (SaaS) solution.

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Onetime
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Customisation
Mobile
Saas
Web Based
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Api
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Xero star star star star star 5 (2)

Best Online Accounting System For Your Business

Xero accounting software is cloud based accounting system that it can be accessed from multiple locations. With Xero, you don’t need an accountant or bookkeeper to jump on and subscribe. It is more suitable for a small business accountant.

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Onetime
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Customisation
Mobile
Saas
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Api
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FreshBooks star star star star star_half 4.5 (6)

Best Church & Construction Accounting Software for Your Business

Freshbooks accounting software is made for small accounting enterprise. This software is an online invoicing and time tracking service that saves you time and makes you look professional. This software offers billing, invoicing and exclusive reporting and gathers payments right where the invoice was received, lined up or modified.

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Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
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Api
Both (SAAS & One time)

Sage Accounting star star star star star 5 (1)

Best NGOs and Construction Accounting Software

Sage accounting system is the best for start-up enterprise. This software is the best for speed cash flow and will be helpful in reducing the cost and filing the taxes. This software is helpful to maintain critical data with user security and improves communication and collaboration between all areas of business. Sage financial software is to manage inventory, employees, and customers.

Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Busy Accounting Software star star star star star_half 4.6 (10)

Best affordable Accounting and Payroll software

Busy accounting software works with different industries like non-profit, government and private sectors. If you plan to expand your business, or your business is quickly growing, a manual accounting system becomes more inefficient and complicated. If you use Busy , it can save your tons of time and money.

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Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

SlickPie star star star star star 5 (1)

Cloud Based Free Accounting Software for Your Business

Slickpie is free cloud based accounting software. This software is helpful for sales, analysis, and trending. This is the easiest account management software. The best thing software is you can save the time form automation resources. This software has become very essential for all the business.

Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Saral Accounts star star star star star_half 4.6 (5)

Affordable Accounting Software for Small Business

Saral accounts is one of the most famous and affordable accounting software and it gives a powerful solution. It is best suited for sectors such as sales automation and financial services, construction. It is very efficient in maintaining accounts. Saral Accounts provide multiple security features such as Barcode Integration, Production Management, Banking Integration etc.

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Installed
Onetime
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Customisation
Mobile
Saas
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Web Based and
Installed
Api
Both (SAAS & One time)

ProfitBooks star star star star star_half 4.6 (8)

Most Popular Accounting Software In USA

ProfitBooks is amazingly simple and fastest amongst the list of business best accounting software for small businesses. It is economical and one of the most popular account management software USA.

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Onetime
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Customisation
Mobile
Saas
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Web Based and
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Api
Both (SAAS & One time)

Reach star star star star star_half 4.7 (3)

Small Business Account management software

Best online accounting software and therefore, it is easy to access from anywhere and from any devices. It is very easy to understand and by using this software, you can save your time and expenses.We can satisfy our customers by fast billing, tracking your customers individually and allowing them to redeem points after purchases.

smartphone
Installed
Onetime
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Customisation
Mobile
Saas
Web Based
Web Based and
Installed
Api
Both (SAAS & One time)

Reeleezee for Accounting star star star star star 5 (4)

Best Affordable Account Management Software

It is more popular account management software specially designed for small and medium size business. The benefit of having this software is, you can have an access of this software from anywhere. It is very easy to use. Reeleezee has provided an advanced and complete accounting solution for business owners with less accounting knowledge.

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Onetime
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Customisation
Mobile
Saas
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Both (SAAS & One time)

Page Last Updated On 12/08/2017 04:13



What is Accounting Software?

Accounting software is a computer program build and setup up to store and manage the accounts and also perform arithmetic or accounting operation. Accounting system are used to Keep records of transactions(account receivable, payable), payroll etc. The main purpose of account management software is to meet the internal and external financial expenses and keep a record for it. It is the systematic measurement, verification, interpretation, summation, and classification of financial data.

Accounting Software is used to stay informed about the wide range of finance related business needs in such manner that adds accuracy and proficiency to the business. Through the utilization of an accounting package, any organization can record and Monitor their cash flows. This change in cash flow visibility can help prevent future financial loss, and help to make better monetary choices.

Accounting information system will by and large contain tools that help to create bills, process payments, track costs, improve communication and create reports, thus helping to reduce cost and time spent on accounting Task.

Such software additionally incorporates efficient functionalities, for example, the mechanized era of check printing, accounts receivable and Payable, bookkeeping, billing, fixed assets, payroll, and Sales forecasting. The software nowadays ranges from fundamental to more advanced systems including adaptable software for growing organizations, through to best software for particular industries.

Customer Purchase Insights for Accounting Software

Here is the accounting software report generated by analyzing more then 1000+ software buyers in 2016

1. Geographic Spread Of Accounting Software Buyers in 2016

Best Accounting Software For Small Business buyers

2. Industry-Wise Spread Of Accounting System Buyers

Best accounting software industry wise buyers

 

Features Required in Accounting Software

The success of any company is dependent on its robust accounting system. With technology becoming a necessity, it becomes mandatory to use accounting solutions for most of the organization. With the availability of much software in the market, let’s have a good look at the essential features required in good software for business accounting:

  1. Security: Best account management software always demands security of the data. With the financial data always being deemed highly confidential for any business, it is of the paramount interest of the companies to be assured of software that has no security problems. Software companies who themselves think of this as a first feature of their software are bound to enjoy good faith from their customers. It has been noted that currently, cloud computing software enjoy good security features in comparison to the other kinds of software.
  2.  Reports: Best accounting system not only helps you to keep track on your finances but also includes banking transactions as well as sales revenues and investments. Software that can generate reports save a lot of time and efforts of the company.
  3. Communication between departments: simple software looks into basic financial processes. However complex software (those on cloud computing) manage the financial processes of the whole firm like employee salaries, orders of customers and much more. This function must come with the feature of allowing multiple users to connect to each other to make the work smoother. If you need to deal with your credit cards and investments, bank accounts as well as your income and expenditure, all in one place on your smartphone or PC - Get Personal Finance Software.
  4. Automation: Manually making invoices or financial data are long gone processes. Nowadays, the business accounting software comes with automatically formulated reports and invoices that you can print without much effort.  With access granted to team members, work can be done quickly and much better rather than waiting for an accountant to fill in the data.
  5. Insights: Software that gives a full view of the entire business or its financial status at one glance is more preferable these days. You can also get a detailed insight into each area of work by going into specific pages to view it.
  6. Cloud computing: cloud computing is the latest way of using accounting system through different gadgets. It allows multiple users and also keeps the data secure using Online Accounting Software. What’s more is that it is the quicker than the desktop installations.

Make your Business Accounting Software help your business grow

Here is the list of benefits and possible issues with a business account management software that can help you understand the software that you shall use.

Managing money is an essential feature of your business. To survive the market it becomes mandatory to check all your accounts. So, whether you are a start-up or an established company, having accounting packages has several benefits.

  1. Financial Updates: Handling a business and also trying to remember all the financial details is not an easy task. This is the first reason why business accounting system comes handy. You don’t have to rely on your memory to remember the daily budget, small business bookkeeping software essentials, and taxation details. Once all the details are fed into the software you just need to make certain updates from time to time. What’s more is that a good accounts software will give you all the details of your business Check top Finance Management Software in a single view and a single click.
  2. Saves Time: Your business needs you and with so many areas of your business demanding your attention, accounting packages allows you to be more productive in business management.  For example, apart from storing all the necessary financial details of your business, the software also helps in managing invoices, credit notes, discounts and other relevant documents for your clients. 
  3. Sharing: Accounting system has multiple user options which are a great asset to you if you want to keep your chartered accountant updated. It is also possible to work with multiple members of the team.
  4. No guessing games: Most business come with well-explained instructions which give you step by step details of how to store your data and use the different features. This is especially beneficial for start-up companies which cannot hire full-time accountants.

There are certain issues with software that every company has to take into consideration before buying software.

  1. Continuous support and help are always needed. Many software vendors might be weak in handling your queries or problems.
  2. For established companies, even if you use the business account management software, it is necessary to share all the details with your accountant. You will have to make sure that your accountant also has access to your software and is able to use it.
  3. Certain software might not have the necessary features that you need and still might be quite expensive.
  4. The accounting package might not get installed properly or might not run properly due to compatibility issues with your computer’s operating system.
  5. Inability to solve problems face to face with the support staff might make you feel frustrated.

Market Trends of Accounting Software

Accounting software is used by organizations to perform daily accounting tasks efficiently. For our readers to utilize the latest features, we’ve listed down the 5 latest market trends of accounting system.  These trends are influencing the account ecosystem in a positive way.

  1. Moving to cloud: Cloud technology is being rapidly incorporated as a part of the best cloud based accounting software by software manufactures and is quickly adopted by organizations. A study by venture capitalist firm North Bridge found that more than 75% C-level executives and IT managers reported that their company uses minimum one cloud based application.

    Shifting to cloud software is an ideal choice for companies outsourcing their hardware and software support to minimize costs and improve their core competencies. By moving to cloud, the software features can be accessed by remote users and various branch offices. An added benefit of cloud is the ability to access business data and accounting systems from anywhere irrespective of the time and location.

    The subscription model adopted by these softwares is preferred by businesses because the software costs are flexible based on scalability. This eliminates the need to pay an upfront cost.

  2. A wide range of functionalities:

    The present day best business accounting software comprises of a wide range of functionalities and applications. These functions include supporting the supply chain, HR, marketing, sales forecasting and overlooking manufacture. Traditionally these functionalities do not fall in the accounting System domain.

    The aim behind introducing such all-inclusive accounting system software packages is to chuck out the inter-module integrations. This helps reduce costs that would otherwise have been utilized in supporting such complicated integrations. A single system monitors multiple data-sets, so that changes in any area show the real time influence on other aspects. There is no duplication of work, greater transparency and interdepartmental errors are reduced. This trend is nowhere close to slowing, with more companies adopting the accounting System software package.

  3. 3rd Party application integration: Business people always looking best accounting software system for their business and 3rd Party application integration – Businesses are opting for ERP account software with added features besides the core functions. Thus a whole new community of developers is evolving who integrate these features in the existing system. The 3rd party integrated software works in sync with the primary account management software.

    At the other end, the account system developers are extending help to 3rd party software developers by expanding the core functions. The data can thus be exchanged between the 3rd party application programming interface (API) and the accounting solutions. This trend of extended API availability is nowhere close to fading.

  4. Virtual implementation assistance:

    Software systems are complex to manage, from installation to configuration, assistance is needed at every stage. With the introduction of remote implementation support, the buyers get specialist support for the software irrespective of the geographic location. The account software company assists with the software support virtually thereby extending the number of options for the buyer.

    Speedy internet and Virtual Network Computing (VNC) such as GoToMyPC and Remote Desktop Connection from Microsoft has drastically elevated the level of remote assistance companies can offer in terms of software support. Geographic hindrance and local dominance are no more a hindrance, buyers can choose the account software based on the available functions.

  5. Analytics: The latest advancement in the accounting software is the introduction of intelligence tools. Analytics lead to making better strategic decisions based on real time data.

    Businesses are going beyond measuring assets, liabilities, expenses and revenues as financial performance indicators. Dashboards now offer better management modules and a wide range of graphical presentation options for displaying data. The new age software allow creation of simplified reports to convert data into actionable business insights.

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