List of Best Accounting Software in 2018 | Get Free Demo Now!

A best personal Accounting System for your Business

An accounting software for small accounting enterprise with an online invoicing and time tracking service that saves your time & makes you look professional. It offers billing, invoicing, online banking integration, expense tracking and exclusive reporting & gathers payments right where the invoice was received, lined up or modified.

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

A best billing & Inventory accounting system

The best small business accounting software is offering billing, stock management, financial accounting & tax. All organization can easily manage their financial work as well as installable on a single or multiple Terminals. The benefits of having billing & financial software are, you get the notification for your bill like Fb notification.

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

It is a cloud based best accounting solutions

It is a top inventory accounting software. We can share recent transactions and accept bulk payments. It is a best small business accounting system that helps companies to streamline their back-office operations and all financial transactions from a single hub. We can make our organization more productive with ZohoBooks.

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

ProfitBooks

Top accounting solutions for business growth in USA

It is an online inventory accounting designed for small businesses. We can increase more productivity with the help of top accounting software for business & we can easily create invoices, record expenses & track inventory as well as we can easily create an account for our employees. It is popular for instant and friendly support.

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

ClearBooks

A best online accounting system for small businesses

An online inventory accounting for small businesses. Our aim at Clear Books is to make best accounting software for small business owners that are easy to use and saves time.It has been developed with the user in mind using a simple design to clearly guide users through day to day accounting and bookkeeping tasks.

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

NetSuite

SaaS Based Best business accounting tools

It is the first solution to deliver on the promise of intelligent, integrated and simpler applications for best small business accounting software. NetSuite is the world’s most customizable Software-as-a-Service (SaaS) solution. It provides an invoice , production management, task management & time tracking.

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

Xero

Best Online Accounting Software For Small Business

It is a cloud-based inventory accounting system and we can be accessed from multiple locations. It is beautifully designed and easy to use online bookkeeping software. With Xero, we can do flawless work. It is suitable for the small business accountant. It provides Bonus, Loan & Advances Management etc.

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

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Sage Accounting

Best NGOs and Construction list Accounting Solutions

The best accounting software for start-up enterprise and best for speed cash flow. It will be helpful to reducing the cost & filing the taxes. We can maintain the critical data with user security, improves communication & collaboration between all areas of business. Financial software sage is to manage inventory, employees & customers.

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

QuickBooks

It is a best personal accounting software for small business

A best personal accounting system for small businesses and It's a simple online accounting solutions for business owners to make informed decisions. We can access to customer, vendor & employee information anytime and anywhere. It provides free support & upgrades to the online version. We can count it the best accounting system. 

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

Bill.com

It is useful for small business accounting tools

It's complete online-based accounting software & best small business accounting system for ACH payments. It sends electronic invoices and payment reminders. It takes less time to solve the problem as well as the unique content of the site attracts to users. It provides fund accounting, accounts receivable, & revenue management it.

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

SAP Financials

SAP Financials software for small business

SAP Financials is the online-based best accounting software. It's very simple and easy to use for clients. All the users can trust and put their personal data. High security provided to users. Financial software is a solution for addressing critical financial functions, such as core accounting, financial and management reporting & working capital management.

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

Wave Accounting

Online accounting software for Small business

It tool is 100% free, secure, and accountant-approved as well as It is one of the best cloud-based & small business accounting system. You can access your data & business from anywhere, anytime, add unlimited collaborators and work on all of your businesses from a single login. It provides production & taxation management for users. 

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

Kashoo

It is a best small business accounting software

An easiest small business inventory accounting at the affordable cost for the of accounting. It designed to manage the entire system of the small to medium business and updates all the finance with real-time as well as manages cash flow. It provides accounts receivable, payable email integration & TDS / TCS.

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

Intacct

Most Popular Small Business Accounting System

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

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

Xtuple

A open source accounting tool

It's an open source accounting tool is a business software drives production efficiency - for manufacturers and distributors powering its world. It is open source & best accounting software for small business management for sales, accounting, operations and CRM in a single system. It provides task, Inventory & financial management

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

Page Last Updated On 19/01/2018 03:42



What is accounting software?

Accounting software is small business financial management software that records and processes the accounting transactions within the functional modules such as trial balance, payroll, general ledger, accounts receivable, accounts payable. The personal accounting software is mainly used by the accounting professionals or small business accountants to perform accounting operations. It's a systematic practice of recording or communicating financial information. Accounting also includes interpretation, summation, verification, classification, diverse and systematic measurement of financial data.

Online Accounting software is mainly created for the purpose of internal and external audits, financial software analysis and required reports to meet internal and legal managerial requirements. It is completely apt for small business accounts as well as large businesses.

Classification of Accounting System:

Accounting tools can range from sophisticated, double-entry systems which process inventory, payroll, accounts receivable and accounts payable to simple, single-entry programs used for individual record-keeping.

  1. It can be used on both desktop as well as online and can be accessed anywhere via any device at any time which has an internet connection.
  2. It greatly varies in its cost and complexity.
  3. Different tasks can be operated by different kinds of best accounting tools. Most of the software automatically enter, store and analyze the data. This function helps in saving time on tasks like bank reconciliation.

Why are Accounting practices required while starting a Business?

The accounting system is one of the essential business/ Personal finance software, which is required while starting a small business. Entrepreneurs are often required to understand and complete a variety of business functions while starting a business.The top Accounting software in small business provides a clear and true picture of the business success with all the financial software documents. Every business needs account management software to calculate the profit or loss that it makes over time. The information is not only valuable for the business owner but is also required by the appropriate tax authority. Accounting practices consist of mainly three types of record keeping like journals, subsidiary ledgers and the general ledger which is used in small businesses.

Need for accounting practices are: -

  1. Budget expense – Budget Creation is an important online accounting software function necessary for starting a business. A budget helps in outlining the expenditures which are needed for various aspects of the business. Budgets also help in creating a historical record of how the business is spending its capital for producing consumer goods and services.
  2. Determining Profitability – Determination of profitability is easily possible with the help of accounting. Entrepreneurs also need to understand the fair usage of assets to generate services and the costs of inventory in comparison to the company’s profit margin. Also, small businesses need to release the financial information to ensure the banks and lenders that they will be repaid within the time limit.
  3. Expert Insight – Businesses may seek advice from an individual public accountant or from public accounting. Entrepreneurs also need professional help while filing business tax returns and also to ensure that all the business issues are being accounted for at year end.
  4. Forecast Financial Estimates – Accounting information is necessary for obtaining outside financing for the new business venture. Also, the entrepreneurs need to provide a financial forecast about the new best small business accounting software venture to the lenders, bankers, and investors. Usually, entrepreneurs write a business plan, which includes pro forma financial statement, monthly expenditures, expected startup and economic forecast.

Key considerations when selecting accounting system for business

It provides businesses several efficient ways to manage their daily financial tasks with the help of financial software. It also enables them to own and manage valuable reports that further helps in analyzing the business performance. It can definitely be counted as the best small business accounting software that provides full results and growth.

Factors to be kept in mind while selecting accounting solutions are: -

  1. The scope of Business – The owners should document the scope of the business before choosing any financial software and should also see what accounting tasks the software should ideally perform. Also, the owners should make a list of the items like cost accounting, inventory management and payroll outsourcing that will be handled by the best accounting software. One should also keep in mind the expansion and growth of the business while selecting a software.
  2. Access and Portability – A network server is suitable for a business which has a single location, and the owner does not expect to change the location. But if the owner requires multiple locations, then he needs to make sure that the employees are also able to access it. There are some free online accounting software also available that can be considered for the same.
  3. Knowledge Required – All accounting tools are useless if the employees do not learn to use them. The difficulty of the software selections and the education level of the employees must be considered while choosing the software. It doesn't require accounting experience or education while some require high-level accounting knowledge for its use and setup.
  4. Cost – After considering the above factors, the final one is software package. One should take into account the fees for support, annual licensing and upgrades. One should also compare the factor additional fee support packages and technical support packages into the overall cost of the inventory accounting.

Selecting accounting software for small business

It helps in easy tracking of your business financial health and also in monitoring the money. Selection of best small business accounting software is a challenging task. Each financial software includes different numbers of users, sets of features, and many other factors. You will also get some really good free accounting tools for small business accounting available in the market. Given below are the factors to be considered while selecting financial software for small business.

  1. Usability – How many users will access the software? Whether a cloud-based system is preferred by you that can be accessed anywhere or desktop software? Do you prefer to keep a mobile app? Whether you need a personal accounting software for business?
  2. Costs - Would you prefer to have an expensive application or software which includes some extra features or an inexpensive application or software? Which is the best small business inventory accounting system?
  3. Features – What tasks will be performed by the accounting tools? Do you need both the accounts payable and accounts receivable tools? Do you also need inventory small business accounting system? Do you need the software to include some ancillary services like payroll, project management, and time tracking? Whether you require church, construction, restaurant or real estate accounting tools or account management software depending on the nature of small business?

Strategies to improve your business with the help of Accounting tools

Most of the business owners quickly master the basics while using top accounting software. Some business owners forget to take the advantage that helps in improving the customer care and increasing the sales. Here are some strategies that can be used to improve your business.

  1. Improve customer care and boost profits – It offers statement and data are up-to-date and accurate. Also, it helps in saving time by providing online accounting solutions like payroll and invoicing which will help you to seek out new prospects and save more time to follow up the clients. While talking about sales, we all know that personal touch is very important. By providing personalized services, and with enhanced customer data at your fingertips, the business will earn a good reputation.
  2. Gain Insights that increase sales – Most of the top accounting tools helps in highlighting the spenders and buying trends. You will be able to know which products and services aren’t bought by the sellers and this will help in making a more profitable purchasing decision. Some accounting tools offers inventory tracking feature which helps in deciding which products are to be sold at a discount, which items to phase out and what items need to be kept on the shelves.  

Benefits of opting accounting software for business  

It helps the business in many ways. The main benefits are: -

  1. Saving time – An best accounting software helps in saving a lot of time as compared to manual bookkeeping. The software records all the transactions within no time. Small business bookkeeping software is available.
  2. Continuous Financial Monitoring -  Computerized bookkeeping helps in creating and maintaining financial records continuously, and it enables the company to monitor the records as and when required and resolve the issues before they get converted into big problems.
  3. Management of cash flow – It helps you to record and track the receivable and payables. It also helps in knowing the current as well as future cash flow status.
  4. Computerized invoicing – It offers up-to-date offers on customer payments. The reports clearly state each and every detail relating to the amount to be paid and the amount customers owe you.
  5. Neat and tidy organization – It stores all the necessary information and data at a single location and can be reviewed, resend and reprinted anytime. The system neatly organizes all the entered data.
  6. Tracks Inventory – It also helps in tracking the inventory and also offers up-to-date information on the stock in hand. This feature of the software helps in saving time and offers accurate data.

Several organizations claim to provide the best accounting software for small business. Thus, it is always better to do some research and then decide as to which one you should purchase. Several service providers also offer free trial. You are recommended to try them and then decide based on your experience. This not only reduces the manual effort but also helps in meeting the long run business needs.

Market Trends of Accounting Software for business

It 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 the accounting system.  These trends are influencing the accounting ecosystem in a positive way.

  1. Moving to the cloud: Cloud technology is being rapidly incorporated as a part of the best cloud-based accounting tools by software manufacturers 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 the cloud, the software features can be accessed by remote users and various branch offices. An added benefit of the 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 software are preferred by businesses because the software costs are flexible and based on scalability. This eliminates the need to pay an upfront cost.

  2. A wide range of functionalities:

    The present-day best small business accounting software comprises 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 package.

  3. Third Party application integration: Business people always looking best accounting system for their business and third 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 into the existing system. The third party integrated software works in sync with the primary account management software.

    At the other end, the best accounting software developers are extending help to third 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 accounting tools based on the available functions.

  5. Analytics: The latest advancement in the accounting tool is the introduction of business 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 allows the creation of simplified reports and conversion of data into actionable business insights.

Best Accounting Software Key Features