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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.
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
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 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
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
Odoo is an all-in-one management software that offers a range of business applications that form a complete suite of enterprise management applications targeting companies of all sizes. Odoo is an all-in-one business software including CRM, website/e-commerce, billing, accounting, manufacturing,... read 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
Sage Accounting software aims at providing information, insight and tools to small and medium businesses around the world which would help them grow their businesses. With its secure cloud and mobile accessibility features, this software brings in more flexibility at affordable prices offering the... read more
AvidXchange enables you to automate the entirety of your accounts payable process. As part of this functionality, AvidXchange allows you to reduce your processing costs, accelerate the approval process, as well as almost completely eliminate paper, which provides sustainability benefits for your... read more
Merrchant hosts business applications ranging from CRM, POS to Payroll and everything in between. It bundles all the apps customized as per each business’ needs into an affordable pricing plan, saving them money as well as additional bloatware. Merrchant’s suite of applications run on all... 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
| PRODUCT NAME | SW SCORE (OUT OF 100) | AGGREGATED RATINGS (OUT OF 5) |
|---|---|---|
 |
98 | 4.5 |
 |
94 | 4.2 |
 |
87 | 4.5 |
 |
86 | 4.2 |
 |
78 | 4.4 |
 |
78 | 4.1 |
 |
76 | 4.1 |
 |
74 | 4.4 |
 |
72 | NA |
 |
72 | 4 |
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.
