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An Accounting Software is designed to provide an online platform to manage all the accounting activities of a business. This software helps an organization by integrating various data from different departments and allowing accountants to work in collaboration. The main services provided by these software includes accounts handling, general ledger, bank reconciliation, billing & invoicing and tax management. This software is very beneficial for any organization as it helps them save crucial time and money.
Xero is an award-winning online accounting software for small scale businesses. Xero offers a variety of features to make your business function smoothly and efficiently. The software handles all the accounting transactions effectively. It permits unlimited users to get online at a time and work in... read more
An accounting software package developed to offer on-premises accounting applications as well as cloud-based versions to small sized businesses. Quickbooks provides a very user-friendly interface. Regular tasks like creating invoices and getting cash flow reports can be performed in a matter of... read more
An accounting software meant to provide various accounting services to small scale businesses with professional expertise and quality. Wave provides services like Invoicing, Accounting and Receipt scanning without charging a penny to its clients, whereas, features like Payments, Payroll and all the... read more
An accounting software focused on providing expert accounting services to small scale businesses. It is best suited for self-employed professionals, small scale agencies, firms and consultancies. The software expertise in handling accounting tasks related to billing, invoicing and expense tracking.... read more
Zoho Books is a simple and affordable accounting software that specializes in keeping a detailed track of the cash flow of your business and helping you track your expenses and income. The software also provides you with multi-currency features that is helpful for an organization making... read more
FreeAgent is an online accounting system specifically designed to meet the needs of micro businesses, freelancers and their accountants. FreeAgent lets you set up recurring invoices that can send themselves automatically, and nudge those pesky late-paying clients with automated reminders. They help... read more
Bill.com is an Accounting software used to automate the way you pay bills, send invoices, and get paid. Enter invoices, send approvals and ACH Payments. Customers receive electronic invoices and reminders. Manage your cash flow. The software integrates with Xero, Sage, Quickbooks, and more.
NetSuite is one of the market leaders when it comes to providing accounting services. It offers dynamic accounting and financial services to businesses of all sizes from all types of industries, from software companies to transport & logistics companies. This software offers almost all the possible... read more
Akaunting is a Free & Open-Source Accounting Software used to manage all your transactions online. The software creates invoices, maintains inventory, accepts online payments, offers discounts & loyalty programs, deposits & transfers between accounts are made simple. Multi-currency & Multi-Lingual... read more
KashFlow is a cloud accounting software designed for small businesses and sole traders save time and get their accounting and bookkeeping done right. It is packed with features and stripped of jargon so business owners with no background in finance can ensure they’re getting the right numbers in... read more
| PRODUCT NAME | SW SCORE (OUT OF 100) | AGGREGATED RATINGS (OUT OF 5) |
|---|---|---|
 |
98 | 3.2 |
 |
98 | 3.8 |
 |
95 | 4.5 |
 |
93 | 4.1 |
 |
91 | 4.3 |
 |
90 | 4.5 |
 |
90 | 4.3 |
 |
90 | 2.1 |
 |
90 | 5 |
 |
89 | 2 |
There are various factors and considerations a business must make before buying any accounting software to make sure that it perfectly meets your requirements. Some of the most important factors to be considered before buying an accounting software are mentioned below:
Size of the business: The most important factor to be considered before buying any accounting software is the size of your business. While some software is designed for large companies considering their inter-department management and compliance needs, some are designed to provide a low-cost and easy-to-use solutions to the small firms.
Cost of the software: How much will a particular software cost your business. This should include one-time buying cost plus the ongoing subscription charges. One should carefully compare various suitable software on the basis of the cost involved and features offered. More features are not always better. Why pay for a feature you might never use?
Client support team: Most of the accounting software has a steep learning curve, and hence the availability of a good support team is extremely important. One must check whether the support team or representative is available to deal with any queries 24/7 or just during business hours.
