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Top 27 Accounting Software
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Top 27 Accounting Software

Top 27 Accounting Software
5 (100%) 13 ratings

Businesses of all sizes need to manage different types of financial transactions on a daily basis. Some businesses only need to perform simple accounting tasks such as bookkeeping while others have to manage large volumes of financial transactions that are difficult to do using traditional spreadsheets and manual paperwork. Companies that handle huge volumes of financial data needs to find a software application that can manage the data, automate certain tasks, and help accountants and other users do accounting work with ease.

The recommended solution is to utilize accounting software to manage the financial transactions of a company. Companies that use accounting software are able to keep accurate records of their transactions by eliminating human error. The software uses advanced algorithms to perform all the necessary calculations that would otherwise be done manually by accountants. Generally, accounting software increases efficiency by automating financial transactions.

You may like to read: How to Select the Best Accounting Software for Your Business and Top Free and Open Source Accounting Software.

Accounting Software records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, general ledger, payroll, and trial balance. It functions as an accounting information system.

Accounting software can be on-line based, accessed anywhere at any time with any device which is Internet enabled, or may be desktop based. The core modules in Accounting Software includes Accounts receivable—where the company enters money received, Accounts payable—where the company enters its bills and pays money it owes, General ledger—the company's "books", Billing—where the company produces invoices to clients/customers, Stock/inventory—where the company keeps control of its inventory, Purchase order—where the company orders inventory, Sales order—where the company records customer orders for the supply of inventory and Bookkeeping—where the company records collection and payment.

You may like to read: What is Accounting Software? Features, Benefits and Advantages and Top Free and Open Source Accounting Software.

What are the Best Top Accounting Software: QuickBooks, FreshBooks, QuickBooks Self-Employed, MYOB Greentree, Tally, Xero, Liberty Accounts, Unit4 Financials, New Views Accounting, Less Accounting, Clear Books, Officewise, Reckon, Access FMS, Cheqbook, Outright, FreeAgent, Account Edge, ZipBooks, Patriot’s Accounting, OneUp, VersAccounts, KashFlow, Profitbooks, RetailMagic, Plooto, Progression SE are some of the best examples of Accounting Software.

What are Accounting Software?

Accounting software is a type of software that helps companies manage and automate their everyday financial transactions. It allows business users to handle bookkeeping, accounting, and business transactions. Accounting Software programs can be deployed on the company’s premises or on the cloud as Software as Service (SaaS). These programs can track and manage income, expenses, purchases, sales, inventory, customer orders, contacts, supplier information, reports, bills, payments, and invoices. They also facilitate collaboration between users.

Choosing the right accounting software can be a challenge because there are many accounting programs on the market. Spreadsheets are the simplest and cheapest accounting applications, but they are prone to human error because most of the work is manual. Commercial accounting software programs are the most common types of accounting software. They are configurable applications that can meet the needs of users in specific industries. These applications are relatively expensive and users may need the services of a consultant to set up and maintain. Companies can also use custom-made accounting software with specialized features.

You may like to read: Top Free and Open Source Accounting Software

Top Premium Free Open Source Accoutning

Top Premium Free Open Source Accoutning

  • Accounts Receivable: Accounting software systems should be able to handle billing, keeping track of what customers owe (accounts receivable, or A/R), and their payments.
  • Accounts Payable: Accounting software systems should be able to handle Accounts payable the money owed by a business to its suppliers shown as a liability on a company's balance sheet.
  • Invoice processing: Invoice processing involves the handling of incoming invoices from arrival to post.
  • Payment processing: customized payment processing solution for your business
  • Automation and Tracking:Accounting software eliminates the burden of doing manual work by automating different tasks. Tasks that can be automated and tracked include money transfers, debit and credit card application, backups, expenses, purchases, bank transaction feeds, bank transaction categorization, billing, automatic charges, payroll, payment reminders and thank you notes.
  • Accounting Reports:This feature makes it possible to instantly visualize a company’s performance. A customizable dashboard helps users see the company’s income, expenses, cash flow, payables, receivables, and financial statements. Accounting software users can also create sales reports, invoices, tax reports, and purchase reports.
  • Cloud Accounting:The best accounting software products include a feature that allows companies to remotely perform accounting tasks via a cloud application service provider. For instance, users can remotely track sales, send invoices, and collaborate with other users. Accountants can also access and manage a company’s records from any location.
  • Contact Management:Accounting software comes with a feature that allows users to create, edit, and manage all their customer and supplier contacts.
  • Mobiles Apps:Mobile apps help accounting software users manage finances on the go. These apps are available on mobile devices such as smartphones and tablets. They can run on different platforms such as iOS, Android, and Windows depending on the vendor.

Some of the benefits include:

  • Workflow automation saves time
  • Reduction of errors
  • Integration with various systems

You may like to read: How to Select the Best Fund Accounting Software for Your Non-profit organization

Top Accounting Software

QuickBooks, FreshBooks, QuickBooks Self-Employed, MYOB Greentree, Tally, Xero, Liberty Accounts, Unit4 Financials, New Views Accounting, Less Accounting, Clear Books, Officewise, Reckon, Access FMS, Cheqbook, Outright, FreeAgent, Account Edge, ZipBooks, Patriot’s Accounting, OneUp, VersAccounts, KashFlow, Profitbooks, RetailMagic, Plooto, Progression SE are some of the Top Accounting Software.

Top Accounting Software
PAT Index™
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1

QuickBooks

QuickBooks
QuickBooks

QuickBooks enables you to quickly design an invoice template to represent your brand, or modify one of pre-installed online invoice templates. It also allows you to send your invoices with a Pay Now link so your customers can make online credit card payments instantly and easily. You can also track when invoices are sent, viewed, and paid. QuickBooks lets you stay in-sync with your bank by automatically downloading, categorizing, and reconciling bank and credit card transactions. QuickBooks helps you track and record expenses making it easy to reference during tax reconciliation and filing. It allows you to take a photo…

Overview
Features

• Accounting software
• Invoicing software
• Cloud-based
• Online payments
• Mobile integration

Price

• Self-Employed – $4.99/month
• EasyStart– $10.40/month
• Essentials – $18.90/month
• Plus – $24.00/month

What is best?

• Inventory management
• Time tracking
• Reporting dashboards

What are the benefits?

• Get paid faster by accepting credit card, debit card, and bank transfer payments
• Track invoice status, send payment reminders, and match payments
• Create professional custom invoices with your logo

Bottom Line

QuickBooks is accounting software that provides accounting solutions for self-employed persons, accountants, and small businesses.

8.5
Editor Rating
8.2
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3 ratings
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QuickBooks

2

FreshBooks

FreshBooks
FreshBooks

FreshBooks is a cloud-based accounting application that can be securely accessed from any device, anywhere. FreshBooks Invoicing software provides the tools you need to customize your invoices to reflect your brand. You can change colors, add logos, or even adjust currencies. Again, all your accounting activity is captured in FreshBooks, so you can easily transform an estimate, project or time sheet into an invoice. With FreshBooks, you can use invoice templates for regular clients so you do not have to create a new one every time.FreshBooks lets you accept credit cards so your clients can pay you via multiple online…

Overview
Features

• Invoicing software
• Expenses tracking
• Time tracking
• Project management
• Online Payments
• Clients’ contact info
• Reporting dashboards

Price

• Lite – $15/month
• Plus – $25/month
• Premium – $50/month

What is best?

• Invoicing software
• Expenses tracking
• Time tracking

What are the benefits?

•Track Your Business Expenses Without Lifting a Finger
•Easily Bill Your Client For Expenses
•Ensure Compliance With Accurate Reporting

Bottom Line

FreshBooks is accounting software that provides a simple, secure, and intuitive accounting solution to manage your business.

8.4
Editor Rating
8.5
Aggregated User Rating
7 ratings
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FreshBooks

3

QuickBooks Self-Employed

QuickBooks
QuickBooks

QuickBooks Self-Employed was built specifically for Schedule C tax clients, so they can stay organized and on top of their business finances all year long. It offers key features such as automatic mileage tracking, receipt capture, and expense categorization. Create professional, personalized invoices that one can send from any device. Track status, send payment reminders and add a Pay Now button to every invoice. QuickBooks Self-Employed is intended for freelancers, contractors, and sole proprietors. Along with the tax readiness, QuickBooks Self-Employed offers tools that help users find and maximize deductions so they can focus on doing what they love. On…

Overview
Features

• Limited report access: Share insights with business partners and investors through limited access reports
• Automatically add billable hours to invoices, using Google Calendar, TSheets, or QuickBooks time tracking
• Automated reminders let customers know payment is due
• Smart invoicing: Accept payment right in the online invoice
• Instantly see how the business is performing with reports including profit & loss, expenses, and balance sheets
• Recurring purchase orders: Put purchase orders on autopilot by creating customized purchase orders

Price

• Self-Employed - $5 / month
• Simple Start - $10 / month
• Essentials - $17 / month
• Plus - $30 / month

What is best?

• Limited report access: Share insights with business partners and investors through limited access reports
• Automatically add billable hours to invoices, using Google Calendar, TSheets, or QuickBooks time tracking
• Automated reminders let customers know payment is due

What are the benefits?

• Specify job details: Add discounts and upfront deposits, include product SKUs, services, rates, and more
• Free bank transfers: Save time with free ACH bank transfers—no more paper checks, transaction fees, or hectic bank runs
• Drive up potential deductions: Find on average 45% more deductions by logging miles in annually

Bottom Line

QuickBooks is the #1 accounting software for self-employed & freelancers -- Track mileage, invoices, expenses, & scan receipts.

7.6
Editor Rating
9.0
Aggregated User Rating
1 rating
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QuickBooks Self-Employed

4

MYOB Greentree

MYOB Greentree is a sophisticated, enterprise-level solution which helps businesses to understand, improve and automate what happens at every level of operations to make complexity more manageable. MYOB Greentree provides features such as active workflow, information and document management, approvals & alerts, eApprovals, screen designer, eDocs, inventory, sales & delivery, sales – mobile, purchasing, quality control, supply chain, material requirements planning (MRP), electronic data interchange (EDI), eRequisitions, job cost, advanced job cost, timesheets – mobile. MYOB Greentree also provides Microsoft Project interface, visual planning board, asset management, customer service, contracts & SLA, service – mobile, eService, payroll, HR management, recruitment,…

Overview
Features

• Unified solution
• Deeper insights, better performance
• Powerful, flexible and scalable
• Work smarter
• BPM & Workflow
• Supply Chain & Distribution
• Job Cost Management
• Service & Asset Management

Price

Conact for Pricing

What is best?

• HR & Payroll
• Customer Relationship Management
• Financial Management

Bottom Line

MYOB Greentree is built on 11 suites housing over 80 modules to power big, complex businesses where users can choose the appropriate suites and modules to suit their company’s requirements and gives users the accurate, real-time information they need to make the right calls at the right time.

9.5
Editor Rating
7.9
Aggregated User Rating
9 ratings
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MYOB Greentree

5

Tally

Tally Solutions is a group of business software products subscription that caters to millions of users across industries in around 140 countries by offering business solutions. It’s a complete management business solution. It offers three products and services which include, the Tally.ERP 9, which is a complete business management software that enables you to manage all aspects of your business such as accounting, inventory, taxation, payroll and much more. It makes managing your business processes simple so that managing it becomes easy and effective and eventually helps your business grow faster. As your business grows, it adapts to the growth…

Overview
Features

• Credit Management
• Maintain Multiple Companies
• Fund Flow & Cash Flow
• Unlimited Cost & Profit Centers
• Multi Currency Accounting
• Interest Calculation
• Flexible Classification of Chart of Accounts
• Unified Groups and Ledgers

Price

• Tally.ERP 9 – Silver - $ 126 / year
• Tally.ERP 9 – Gold - $ 378 / year
• Tally.Server 9 – Gold - $ 9,450 / year

What is best?

• Consolidation of Companies
• Budgets & Controls View
• Contact Details at Report Level

What are the benefits?

• Monitoring and optimization
• Simple and rapid development
• Seamless project management

Bottom Line

Tally Solutions is a group of business software products that offers a complete business management solution for your business.

8.5
Editor Rating
8.5
Aggregated User Rating
6 ratings
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Tally

6

Xero

Xero is business accounting software that is simple, smart, and accessible online, anytime, anywhere, and on any device. It helps you to run your business on the go, get paid faster with online invoicing, and perform reconciliation quickly. Xero invoicing software gives you professional invoice templates that you can add your logo to and also lets you design and customize your own invoices. Xero makes sure you get paid instantly by accepting online payments to be completed online via debit or credit cards, or with PayPal, right from the invoice. Xero features tools to automate the invoicing processes including invoice…

Overview
Features

• Asset management
• Bank reconciliation
• Contacts and Smartlists
• Expense tracking
• Inventory tracking
• Invoicing software
• Multi-currency accounting
• Online payments
• Purchase orders
• Quotes
• Reporting dashboards
• Sales tax

Price

• Starter – $20/month
• Standard – $30/month
• Premium – $40/month

What is best?

• Asset management
• Bank reconciliation
• Contacts and Smartlists

Bottom Line

Xero is online accounting software with all the time-saving tools you need to grow your business.

8.5
Editor Rating
8.5
Aggregated User Rating
4 ratings
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Xero

7

Liberty Accounts

Liberty Accounts incorporates time saving features to help with bookkeeping and payroll regimes, as well as imminent mandatory online filing of VAT and PAYE returns. Unlike other accountancy software, Liberty Accounts doesn’t require you to buy or install any software. Instead it’s designed to deliver a cost effective online accounting software service to UK businesses and not-for profit organisations who recognise the benefits of using online bookkeeping and payroll software to manage their accounting process, through their browser. The software makes it possible for businesses, accountants and bookkeepers to collaborate effortlessly; whilst providing an unmatched level of functionality at a…

Overview
Features

• Compliance Task Management
• Direct filing, through Liberty Accounts, for: VAT (100 and ECSL); RTI and P11D’s.
• Liberty Accounts fully integrated bookkeeping, payroll and P11D service

Price

Concession price
• £12.95 +VAT per month for full functionality
• Commercial business for 12 months turnover/income upto v75000
• Not for profit for 12 months turnover/income upto £250000
• Extras; +£1 per month for each active payroll employee
Standard price
• £19.95 + VAT per month plus extras including great values for established organizations
• Extras; +£10 per month for use of the stock module with unlimited stock items.
• =£1 per month per 100 transactions in excess for 500 allowance per month
• +£1 per month for each active payroll employee

What is best?

• Compliance Task Management
• Direct filing, through Liberty Accounts, for: VAT (100 and ECSL); RTI and P11D’s.
• Liberty Accounts fully integrated bookkeeping, payroll and P11D service

Bottom Line

liberty accounts is a software which enables someone to ensure that the requirements of both commercial organizations and Not-For-Profit organizations are met.

8.1
Editor Rating
8.7
Aggregated User Rating
4 ratings
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Liberty Accounts

8

Unit4 Financials

Unit4 Financials delivers superior efficiency, consistency and accuracy to help your organization thrive amid the Digital Revolution. With business models transforming, new regulations emerging and change coming faster than ever, Unit4 Financials helps you handle the most complex challenges with confidence. The Unit4 financial provides the unified –ledger which provides a single, real-time version of the truth to your organization. Acquire the best of breed financial solution which integrates your current systems for total freedom of choice and ongoing business agility. Most of the enterprise financial system tends to hide your view of the business with: limited reporting capabilities, modular…

Overview
Features

• Accounting
• Budgeting, planning and forecasting
• Spend management
• Reporting and analysis
• Process and control management
• Integration and web services
• Interoperability
• Multi platform and multi language
• Connect completely
• Grow efficiently
• Unify finance
• Gain intelligence

Price

Contact for Pricing

What is best?

• Accounting
• Budgeting, planning and forecasting
• Spend management

Bottom Line

unit 4 financials is an online software tool which enables a person manage his or her business books accurately and efficiently.

8.4
Editor Rating
8.3
Aggregated User Rating
5 ratings
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Unit4 Financials

9

New Views Accounting

NewViews adapts to your business so it’s always in sync with your accounting requirements. It lets you reorganize your books as your needs change, regardless of size or industry. All historical data is retained when you change your account structure. NewViews lets you create custom report layouts easily, modify your general ledger, and allocate costs to multiple projects/activities/branches, etc. NewViews enables you to perform comprehensive analysis of your accounting data across unlimited dimensions. For example, you can analyze data for any period: yearly, quarterly, monthly, weekly, or daily. You can also compare any period in the past or present, and…

Overview
Features

• Adaptable design
• Flexible reporting
• Comprehensive analysis
• Real-time Multi-User
• Private Cloud
• Fully Integrated

Price

• 1 License – $595, NV2 Upgrade ($215/year)
• 1-5 Licenses – $545, NV2 Upgrade ($195/year)
• 6-10 Licenses – $495, NV2 Upgrade ($175/year)
• 11-25 Licenses – $445, NV2 Upgrade ($155/year)
• 26+ Licenses – $395, NV2 Upgrade ($135/year)
• Read-Only License – $95, NV2 Upgrade ($45/year)

What is best?

• Adaptable design
• Flexible reporting
• Comprehensive analysis

Bottom Line

NewViews accounting software provides a powerful and affordable accounting solution that can be easily adapted to the specific accounting requirements of any business

8.2
Editor Rating
8.4
Aggregated User Rating
3 ratings
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New Views Accounting

10

Less Accounting

Less Accounting is a robust accounting software for business owners which provides a suite of simple accounting workflows, automation helpers and simple reports. Less Accounting offers features such as expenses by project, expenses by income type, expenses by category, reminders of due expenses, profit and loss report, balance sheet, fixed assets, liabilities, wage reports, chart of accounts, receivables reports and payables reports. Less Accounting lets users see who owes them money and bill them, see where they are spending money and record and categorize expenses and then invite their tax professional to Less Accounting to download the information they need.…

Overview
Features

• Invoices
• Expenses
• Proposals
• Mileage
• Contacts
• Accounting Workflows
• Import Data
• 3rd Party Integrations
• Accounting Reports

Price

• Freelancers - $20/month
• Small Businesses - $36/month
• Big Businesses - $54/month

What is best?

• Invoices
• Expenses
• Proposals

Bottom Line

Less Accounting lets users record business expenses, categorize expenses, send invoices and get paid and see who owes them money.

8.4
Editor Rating
8.4
Aggregated User Rating
3 ratings
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Less Accounting

11

Clear Books

Clear Books is a simple and intuitive online accounting software which is perfect for small businesses and accountants. It helps you to save time, simplify your bookkeeping and work smarter by managing your accounts in the cloud. So, you and your accountant can access your books anywhere, anytime. Having Clear Books as your accounting software will give your business a boost in identifying areas that are less value for profit and directing those financial resources into a viable, profit generating process. Clear Books will make it easy to manage your businesses financial affairs and keep accurate records. Generally, Clear Books…

Overview
Features

• Online invoicing software
• Tax returns and VAT
• Banking and bank feeds
• Purchases and expenses
• Toggle features on/off
• Integrations
• CIS (construction industry scheme)
• Multicurrency accounting

Price

• Small - £4.00 / month
• Large - £8.40 / month

What is best?

• Online invoicing software
• Tax returns and VAT
• Banking and bank feeds

Bottom Line

Clear Books is an intuitive online accounting software tool for a successful accounting practice, perfect for small businesses and accountants.

8.1
Editor Rating
8.6
Aggregated User Rating
2 ratings
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Clear Books

12

Officewise

Officewise is an online system for managing three of your back-office components so that your business can focus on what it does best. It’s basically a solution for your business where you get everything you need to manage your back office. In other words, a one-stop shop for managing your back office. The three software’s are purchase order software, accounting software and inventory software. The Purchase Order Software category automates the process of purchasing which will save you time and money because you will spend less time pushing paper and more time creating value. It will generally automate all your…

Overview
Features

• Invoicing & Quotes
• Bills & Expenses
• Banking
• Purchasing Receiving
• Inventory

Price

• Free - $0 / month
• Basic - $8.95 / month
• Standard - $24.95 / month
• Professional - $39.95 / month

What is best?

• Purchasing
• Receiving
• Bills & Expenses

What are the benefits?

• Orders Shipments
• Journal entries
• Budgets Forecasts

Bottom Line

Officewise is an online system that offers a back-office management solution for your business using a Purchase Order Software, Accounting Software & Inventory Software.

8.1
Editor Rating
8.5
Aggregated User Rating
4 ratings
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Officewise

13

Reckon

Reckon is a simple, intuitive and full-featured online accounting software for small and large businesses which provides unlimited payroll, advanced inventory, impressive reporting with over 200+ different kinds and connects to the users’ business with their tablet, laptop or desktop. Reckon One for small to mid-size business offers features such as see cash flow in real-time, unlimited bank reconciliation, budgeting, GST & BAS reports, free 24/7 support, multi-layered data security, SSL encryption, automatic backups, share with accountant or bookkeeper. Reckon provides 20+ beautiful reports, invite unlimited team members, free mobile app (iPhone / Android), free, regular feature updates, data stored…

Overview
Features

• Powerful tools, all in the cloud
• Impressive reporting
• Multiple devices
• Small and medium business accounting
• Larger business accounting
• Reckon Loans
• Document Management

Price

• Reckon one The basics - $5 per month
• Add invoicing - $3 per month
• Add bank connection - $3 per month
• Add payroll - $3 per month
• Add projects - $3 per month
• Add time & expenses - $3 per month
• Reckon accounts hosted - From only $55* per user/month

What is best?

• Powerful tools, all in the cloud
• Impressive reporting
• Multiple devices

What are the benefits?

• Desktop accounting
• Personal Range
• Documentation & Compliance

Bottom Line

Reckon is an easy to use online accounting which provides unlimited invoices, unlimited payroll and unlimited support for self-employed businesses, small & medium businesses, larger businesses, new company registrations and accounting practice management.

8.1
Editor Rating
8.5
Aggregated User Rating
3 ratings
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Reckon

14

Access FMS

Access FMS is an integrated on-premise and cloud accounting software which automates the time-consuming accounting tasks for ambitious growing organizations and gives users all the tools and integration capabilities they need from automated procurement and intuitive credit control to integrated project costing, timesheets, expenses and payroll. Access FMS offers features such as finance system's core ledgers, Cash management, Management financial reporting software, Sales order processing and credit control, Procurement and supplier management, Inventory and stock control, Workflow forms, Document management and Mobile solutions. Access FMS lets users have an integrated purchase order software which allows staff to raise purchase requests…

Overview
Features

• Procurement
• Expense management
• Workflow automation
• Analytics and reporting

Price

Conact for Pricing

What is best?

• Procurement
• Expense management
• Workflow automation

Bottom Line

Access FMS is available as a standalone financial management software system or as part of an integrated suite including payroll, project management, HR, timesheets and expenses and document management.

8.1
Editor Rating
8.4
Aggregated User Rating
2 ratings
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Access FMS

15

Cheqbook

Checkbook is considered to be the fastest and also an easy software tool to use for accounting and bookkeeping for the general customers, be it a beginner or a pro. Checkbook accounting software is structured to save time in such a way that it enables you to have a 60-day money guarantee, Automatically Download Transactions, Save time with AccuScore Smart Categorization, Send Invoices and Accept Payments Online, Manage Bills and Print Checks, Add-ons & Integration and other important features. Checkbook power has the following user features; CLEANUP, this includes Bank Reconciliation, Import Key Data from Quickbooks, Mass Recategorizations, Mass Remapping,…

Overview
Features

•Create Unlimited Simultaneous Users
• Make Journal Entries and Split Transactions
•View your books from your iPad or Android tablet
•15 Reports including Balance Sheet and P&L
• Export data including contacts and transactions
• Automatically Download Transactions
•Save time with AccuScore Smart Categorization
• Send Invoices and Accept Payments Online
• Manage Bills and Print Checks
• Add-ons & Integration
•Share with your accountant
•Print reports, statements, and 1099s
•Import bulk transactions

Price

• Cheqbook Proprietor August Sale! $19.75/month $9.87
• Cheqbook Entrepreneur August Sale! $39.75/month$19.87/month for 12 month
• Cheqbook Entrepreneur August Sale! $39.75/month$19.87/month for 12 months

What is best?

•Create Unlimited Simultaneous Users
• Make Journal Entries and Split Transactions
•View your books from your iPad or Android tablet

Bottom Line

A cheqbook is software tool used for accounting and bookeping for the people in general.

8.1
Editor Rating
8.3
Aggregated User Rating
3 ratings
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Cheqbook

16

Outright

Outright automatically syncs with all your business accounts so you can see all your transactions together in one place. It can link to your bank accounts, credit cards, PayPal accounts, eBay, Amazon, or other accounting applications. Outright instantly sorts your income from expenses and categorizes every transaction. It allows you to change a transaction category or create your own. Outright can be integrated with mobile apps that give you online access to Outright .You are abler to track and record your mileage, check your balances, get alerts on big sales, and enter your cash transactions, all on-the-go. Outright lets you…

Overview
Features

• Invoicing
• Sales tax
• Self-employment tax
• Small business taxes
• IRS Schedule C
• App Integration
• Online Payment
• Online accounting
• Online bookkeeping
• Visual reporting dashboards

Price

• Outright Online bookkeeping – $9.99/month

Bottom Line

Outright is an online accounting solution that simplifies your bookkeeping processes.

8.1
Editor Rating
8.3
Aggregated User Rating
2 ratings
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Outright

17

FreeAgent

FreeAgent provides great-looking professional invoice templates and lets you customize the invoices with your company logo, or even design you own. It allows you to send invoices to clients through email as PDF, or print and post it. FreeAgent lets your client view their invoices online and make online payments via credit/debit cards, Direct Debit, or PayPal. Your Invoice timeline instantly shows the status of recent invoices and lets you see what's been paid, what's due and overdue. FreeAgent can be setup to automatically send out recurring invoices, late payment reminders, and thank you emails. FreeAgent also lets you invoice…

Overview
Features

• Accounting
• Sales Tax Reporting
• Multi-Currency
• Dashboards
• Estimates
• Invoicing
• Expenses
• Projects
• Time tracking
• Banking reconciliation

Price

• Universal Plan – $10/month (first 6 months), then $20/month

What is best?

• Accounting
• Sales Tax Reporting
• Multi-Currency

Bottom Line

FreeAgent provides online accounting software specifically designed for freelancers and small business owners.

8.1
Editor Rating
8.3
Aggregated User Rating
2 ratings
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FreeAgent

18

Account Edge

Account Edge is a full-featured powerful small business accounting software for the Mac and Windows desktop which manages the users’ bank accounts, balances, and account numbers, and keep track of the users’ annual budget. Account Edge offers basic version with features such as banking, sales, general ledger and accept credit cards while Account Edge pro version has features such as banking, sales, general ledger, accept credit cards, payroll and time billing, inventory and purchases and networkable. Account Edge also offers add ons such as process payroll, telephone support, workstation licenses, Account Edge web pay, Account Edge connect, credit card processing,…

Overview
Features

• Apply Departments
• Auto-populate
• Partial Job Alerts
• Delete Warning
• Back and Next
• Scroll Support
• Card List Changes

Price

• Account Edge Basic - Windows/Mac - $99 new user, $79 upgrade
• Account Edge Pro - Windows/Mac - new customer - $399.00, upgrade - Starting at $159.00

What is best?

• Lead Tracking
• New Look and Feel
• Profitability

Bottom Line

AccountEdge offers full-featured accounting software with no monthly subscription with its command center which helps users run and report on sales and invoicing, purchases, payroll, inventory and time billing.

8.1
Editor Rating
8.3
Aggregated User Rating
2 ratings
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Account Edge

19

ZipBooks

ZipBooks is a simple, beautiful, and powerful accounting software which makes balancing the users’ books and diving into insights simple, fast, and convenient and gives uses daily auto-reconciliation and intuitive, color-coded reports in an instant. ZipBooks offers features such as unlimited recurring invoices with auto-bill, invoicing saved items & inventory, auto-import time & expenses into invoices, advanced bookkeeping & accounting, unlimited bank connections, time tracking, add and collaborate with team members, basic intelligence, smart tagging to track by location, project, and custom labels, secure document sharing, advanced reporting, advanced intelligence, a zipbooks scholar (users’ personal bookkeeper) prepares and sends monthly…

Overview
Features

• Accounting
• Billing
• Expenses
• Intelligence

Price

• Smarter - $15/mo
• Sophisticated - $35/mo
• Services – starts at $125/mo

What is best?

• Accounting
• Billing
• Expenses

Bottom Line

Zipbooks lets users send professional invoices in seconds, get paid seamlessly with all major credit cards or PayPal, and set-and-forget it with auto-billing, easily make bookkeeping and reporting, track accounts payable, reimbursements, and recurring expenses while giving insights into potential savings and retain most profitable customers, get paid more quickly, and see how their company is doing versus competitors.

8.1
Editor Rating
8.3
Aggregated User Rating
2 ratings
You have rated this

ZipBooks

20

Patriot’s Accounting

Patriot software is a simple online accounting software designed for small businesses. It has a simple design so you don’t need any special training to run it. It’s designed to be used by small business owners as opposed to being used by accountants. Therefore, it’s designed specifically for the non-accountant. It’s mainly for small business owners who need an accounting solution that they can use with ease. As a small business owner, the Patriot Software will help you keep track of the money flowing in and out of your small business. In addition, you will use it to track the…

Overview
Features

• Simple accounting for small business
• Integrates with Patriot Software Products
• Online Accounting, Anytime or Anywhere
• Easy-to-Understand Terminology
• Chart of Accounts Tracking
• Easy Vendor Payments
• Easy Customer Invoicing
• Reports
• Secure Access
• Affordable

Price

• Accounting Software - $12.50 / month

What is best?

• Simple accounting for small business
• Integrates with Patriot Software Products
• Online Accounting, Anytime or Anywhere

Bottom Line

Patriot software is a simple online accounting software designed for small businesses to be used by business owners who are not accountants. To keep track of the money flowing in and out of their business.

8.1
Editor Rating
8.5
Aggregated User Rating
2 ratings
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Patriot’s Accounting

21

OneUp

OneUp is a fast online accounting software for small business owners and accountants which syncs with the users’ bank, retrieves their transactions and automates 95% of their accounting with encrypted technology. OneUp offers features such as Customizable template options, Square Register integration, built in email system, Customer Payments screen, 360° VIEW AND NOTIFICATIONS, automatic notifications by email, instantly posts all sales and payments into users’ books, retrieve daily bank transactions, upload a CSV file, categorizE bank entries, OneUp’s suggestions, cashflow and profit information daily, audit books, export all financial records, updates the status of the order (delivered, paid, returned), multi-location.…

Overview
Features

• Seamless Invoicing
• Stress-Free Accounting
• Up-To-Date Inventory
• Simplified CRM

Price

• FREE TRIAL - 30 days free
• SELF - ₱349 PER MONTH
• PRO - ₱698 PER MONTH
• PLUS - ₱1,047 PER MONTH
• TEAM - ₱2,443 PER MONTH
• UNLIMITED - ₱6,980 PER MONTH

What is best?

• Seamless Invoicing
• Stress-Free Accounting
• Up-To-Date Inventory

Bottom Line

OneUp lets users stay on top of billing, create, customize and send invoices, synchronize with banks and automates 95% of accounting, automatically adjusts inventory levels and manage leads and opportunities and set reminders for timely follow-ups.

8.1
Editor Rating
8.5
Aggregated User Rating
2 ratings
You have rated this

OneUp

22

VersAccounts

VersAccounts is a versatile and easy to use small business cloud ERP solution. VersAccounts is packaged in such a way that it is affordable and transparent. It offers a single integrated view of your overall business at the click of a button. VersAccounts is designed in such a way that your company will be able to manage its multiple business units easily. VersAccounts is mainly designed for small and medium-sized growing businesses. In other words, it deals with customers that can no longer be served by entry-level solutions like QuickBooks and are avoided by the traditional mid-tier ERP providers. Businesses…

Overview
Features

• Multi-entity accounting
• Purchasing & order management
• Distribution
• Production
• CRM
• E-commerce
• Projects
• Advanced inventory

Price

Annual Contract
• Express Edition - $499 / month
• Power Edition - $999 / month
• Infinity Edition - $1499 / month
4 Year Contract
• Express Edition - $349 / month
• Power Edition - $699 / month
• Infinity Edition - $1049 / month

What is best?

• Multi-entity accounting
• Purchasing & order management
• Distribution

Bottom Line

VersAccounts is a comprehensive business cloud ERP solution for small businesses that are entry-level, providing the small business with the ERP system it needs today with the power it will need in the future.

8.1
Editor Rating
8.2
Aggregated User Rating
2 ratings
You have rated this

VersAccounts

23

KashFlow

KashFlow is an accounting software for small businesses and accountants which provides cloud bookkeeping, auto enrolment and payroll solution for businesses, three scalable editions and cloud documents & approvals for small businesses and KashFlow bookkeeping & payroll, brandability, complete control, integration with IRIS and The UK’s most complete accountancy suite for accountants. KashFlow for small businesses offers features such as send quotes and invoices, reconcile bank transactions, multi-users, manage and submit vat online, bank feeds, get paid faster with Kashflow payments, free mobile app, access to over 50 reports, customizable dashboard, multi-currency, payroll up to 5 employees and automatic enrolment…

Overview
Features

• Invoices
• Quotes and Estimates
• Payments
• Reporting
• Credit Control
• Change Log

Price

• Starter - £7 month +VAT
• Business - £13 month +VAT
• Business + Payroll bundle - £18 month +VAT

What is best?

• Invoices
• Quotes and Estimates
• Payments

Bottom Line

Kashflow is an easy to use accounting software which directly links to HMRC, integrates with industry leading online payment processors like Worldpay and GoCardless and updates accounts whilst issuing quotes & invoices with cloud-based software.

8.0
Editor Rating
8.3
Aggregated User Rating
2 ratings
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KashFlow

24

Profitbooks

Profitbooks is an easy to use accounting software that allows creating professional estimates or GST invoices and tracking outstanding payments due with few clicks. Profitbooks enables receiving online payments by accepting credit/debit cards, net banking, wallets or even EMI payments from the customers. Through this, the payments are deposited directly to the account, and accounting entries are passed automatically. Profitbooks also allows managing income and expenses and allows creating beautiful invoices, tracking expenses, and managing inventory without any accounting knowledge. With Profitbooks, businesses can automate invoices by setting a frequency for future billing. The feature saves a lot of time…

Overview
Features

• facilitate conversion of estimates to invoices and creation of delivery challans
• Automate invoices by setting a frequency for future billing
• Attach scanned expenses receipt and categorize expenses according to projects
• Maintain multiple warehouses and allocate batch numbers
• Record journal entries and maintain chart of accounts and taxes
• Offers a simple accounting entry screen to record all types of transactions

Price

• Professional plan – Rs. 2,999 per year
• SMB plan – Rs. 8,999 per year

What is best?

• Attach scanned expenses receipt and categorize expenses according to projects
• Maintain multiple warehouses and allocate batch numbers
• Record journal entries and maintain chart of accounts and taxes

What are the benefits?

• Track your receivables easily
• Receive online payments quickly
• Save time during tax time

Bottom Line

Profitbooks is an easy to use accounting software for managing income and expenses and allows creating beautiful invoices, tracking expenses, and managing inventory without any accounting knowledge.

7.5
Editor Rating
8.9
Aggregated User Rating
1 rating
You have rated this

Profitbooks

25

RetailMagic

RetailMagic is an easy to use and fully integrated POS, inventory, and accounting system for small to medium sized businesses. RetailMagic is an on-premise retail management solution for small and midsize retail and service businesses, such as pet stores, interior designers, giftware stores and more. It provides an integrated RMS solution with built-in functionalities of an inventory, point of sale and accounting solution. RetailMagic records sales and customer buying trends to help identify top-selling products, brands and selling frequency. The inventory management feature keeps track of stock availability and identifies slow / fast moving items in real time. The accounting…

Overview
Features

• Financial Statement monitors company’s health
• Accounts Payable – Complete A/P functions including Payments from Suppliers
• Accounts Receivable – Complete A/R functions including Payments to Customers
• Miscellaneous Payout
• Fully integrated accounting functionality
• Local support from growing network of licensees

What is best?

• Accounts Payable – Complete A/P functions including Payments from Suppliers
• Accounts Receivable – Complete A/R functions including Payments to Customers
• Miscellaneous Payout

What are the benefits?

• Target: Identify customers and pave the way for future sales
• Record: Identify what items sell best and compare sales data over various periods
• View un-deposited funds (Cash, Cheques, Visa, Mastercard, etc.) at any time, in total or in detail

Bottom Line

RetailMagic is an easy to use and fully integrated POS, inventory, and accounting system for small to medium sized businesses.

8.8
Editor Rating
8.9
Aggregated User Rating
1 rating
You have rated this

RetailMagic

26

Plooto

Plooto is built specifically for financial controllers in small and medium sized businesses, as well as accountant or bookkeepers with multiple clients. Plooto enables business accountants and bookkeepers to move away from paper cheques, clunky bank platforms and wire transfers by upgrading to Plooto for free. Connect Plooto with your accounting software to auto-load upcoming bills and invoices. Reduce data entry and errors with ready-made payments. Approve payments quickly, easily, and from anywhere with the click of a button. Send the party an email through Plooto to initiate the transfer. Once they enter bank information, payments are sent directly from…

Overview
Features

• Automatic notifications and reminders
• CRA tax remittances
• Audit payment trails
• SmartSetup enters the necessary payment information, including payee, amount, bank account, payment date
• SmartSync: Sync with accounting software automatically
• Secure Cloud Platform Infrastructure

Price

• $1 / transaction

What is best?

• CRA tax remittances
• Audit payment trails
• SmartSetup enters the necessary payment information, including payee, amount, bank account, payment date

What are the benefits?

• Auto-load: Reduce data entry and errors with ready-made payments
• Save time and money: Easily streamline payments of supplier invoices electronically in the cloud thanks to integrations with Quickbooks and Xero
• Quick and easy to use: Manage payables & receivables in minutes

Bottom Line

Plooto is an all-in-one integrated online payment platform for businesses to send and collect payments for their payables and receivables.

9.5
Editor Rating
8.8
Aggregated User Rating
1 rating
You have rated this

Plooto

27

Progression SE

Avantage Progression SE is a simple and complete accounting management solution adapted to small-to-medium sized businesses. With Avantage Progression SE, closely follow the profitability of projects by posting income, but also expenses and salaries. Generate CSST conformity attestations including the summary of eligible salaries and CSST contributions by contribution rate (for each year and each project). At the end of each period (closing inventory), automate the calculation of the cost of goods sold and the posting of the various values associated with the stocks in the appropriate items. Prepare payment requests, have them approved by the stakeholders concerned, and convert…

Overview
Features

• Invoicing, customized forms, and pre-authorized debit (PAD) management
• Bank transactions and cash-flow management, consolidation, correction, cancellations, adjusting entries
• Salary management (including gratuities, RL-1 and T4 slips, ROEs)
• Tax reports, on-line filing of source deduction and tax returns (Clic Revenu)
• Quick preparation of payroll and government reports
• On-line filing of tax and source deduction returns
• Multi-user, multi-company, and multi-currency

Price

• Local Version - $790 one time fee
• Online Version - from $103 / month

What is best?

• Bank transactions and cash-flow management, consolidation, correction, cancellations, adjusting entries
• Salary management (including gratuities, RL-1 and T4 slips, ROEs)
• Tax reports, on-line filing of source deduction and tax returns (Clic Revenu)

What are the benefits?

• Estimation of project costs: Estimate the real profit made on each project
• Work in process: Examine cases of under-invoicing or over-invoicing
• Fast and simple: Rapidly enter and post the hours worked by employees

Bottom Line

Avantage Progression SE contains all essential functions to ensure sound and rigorous management of accounting, payroll and invoicing.

8.8
Editor Rating
8.9
Aggregated User Rating
1 rating
You have rated this

Progression SE

 

Is Free Accounting Software Worthwhile?

Accounting Software has many features and can do a lot to help your business to succeed by tracking book keeping, but it can be expensive. There are plenty of free Accounting Software available. There are two categories of Accounting Software based on licensed model: Open Source Accounting Software and Proprietary Accounting Software.

Based on Installation type, there are On Premise Accounting Software and Cloud based Accounting Software and selection of the installation type depends on your business and organization requirements.

You can find limited free versions and full-fledged free trials in both the licensing models.

You may like to read: How to Select the Best Accounting Software for Your Business, Top Free and Open Source Accounting Software

You could try Free Open Source Accounting Software if you have a development team available in your company and time available to set it up and running. As these are mostly community supported, the support available also depends on the usage basis of the product.

You could try a limited version of Proprietary Accounting Software to check how it fits to your business before making a big investment. These software comes with limitations and you need to buy the features using the up-selling vendors offers to make it useful. A free limited version from a proprietary product company will make it easier to upgrade in the long run and also help you determine if that company’s solution is what you want.

There are also many drawbacks to Free Limited version of Proprietary Accounting Software. These limited version do not have nearly as many features available in a fully functional paid version, and there are limits such as number of features and functionality, modules, storage limits, number of reports, limited data integration options, and also on the number of users you can have. The free versions also have limited support options.

Based on your functionality requirements and business fit, you can always choose a free trial and experience the system with your data before buying and migrating to a full-fledged solution.

Is Free Accounting Software Worthwhile

Is Free Accounting Software Worthwhile

Is there a one size fits all Accounting Software: Unfortunately there are no one size fits all solution as each of the products has its own core strengths in functionality, industry focus, integration capability and core features.

We recommend determining how the software fits to your business in terms of features, functionality, and business process with a free trial.

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About The Author
imanuel