Accounting Software

Get the best accounting software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

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FreshBooks Screenshot
FreshBooks is a cloud accounting solution designed for freelancers and small business owners. It is a simple and intuitive solution, so accounting isn’t intimidating. Create professional invoices, capture your expenses and…
Price Range
$ · · · ·
Starting Price
$15/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
QuickBooks Online Screenshot
QuickBooks Online is the most flexible way to link multiple users and locations to their business finances-anytime, anywhere. It has the accounting functionality of QuickBooks desktop software, but instead of installing it on…
Price Range
$ · · · ·
Starting Price
$15/month
Client OS
Web
Deployment
Cloud Hosted
Sage 50c Accounting - US Screenshot
Sage 50 is a small business accounting program. Originally known as Peachtree Accounting, Sage 50 is one of the most popular, inexpensive, and long-running accounting software options on the market. Video Overview ; Pricing…
Price Range
$ · · · ·
Starting Price
$439/year/user
Client OS
Windows
Deployment
On-Premises
Zoho Books Screenshot
Zoho Books is an online accounting software that lets you manage your financials and banking, automate your sales and purchasing workflows, and even track time and create reports. Zoho Books includes accounting capabilities…
Price Range
$ · · · ·
Starting Price
$9/month
Client OS
Web
Deployment
Cloud Hosted
Xero Screenshot
Xero
(3)
Xero is an online accounting solution for small businesses that is known for its ease of use. See your cashflow in real-time with online billing, banking and accounting. Just login anytime, anywhere. Free trial, pay nothing…
Price Range
$ $ · · ·
Starting Price
$9/month
Client OS
Web
Deployment
Cloud Hosted
Wave Screenshot
Wave
(5)
Wave is a free accounting software created with small businesses in mind. The software lets you track income and expenses, organize your financials with bank reconciliation and receipt scanning, and create professional…
Price Range
$ · · · ·
Client OS
Android, Web, iOS
Deployment
Cloud Hosted
GoDaddy Online Bookkeeping Screenshot
GoDaddy Online Bookkeeping (formerly Outright) is a web-based accounting software for online retailers. GoDaddy Bookkeeping lets you sync your Amazon, Etsy, eBay, and PayPal seller accounts to their online software to better…
Price Range
$ · · · ·
Starting Price
$4.99/month
Client OS
Web
Deployment
Cloud Hosted
Kashoo Screenshot
Kashoo is an invoice and accounting software built for small business. Kashoo lets you send invoices, setup credit card payments, and provides easily digestible reports. The easy-to-use platform is completely online and is…
Price Range
$ · · · ·
Starting Price
$199/year
Client OS
Web, iOS
Deployment
Cloud Hosted
Billy Screenshot
Billy is an accounting software for entrepreneurs and small businesses. Billy helps you create invoices and get paid faster by tracking expenses automatically and organizing all of your numbers. Quote creation and approval…
Price Range
$ · · · ·
Starting Price
$15/month
Client OS
Web
Deployment
Cloud Hosted
Tipalti Screenshot
Pay your partners anywhere in the world with Tipalti. The global system supports paying to any country of the world with multiple payment methods and currencies. Your partners and suppliers select whether they want their…
Price Range
$ $ · · ·
Starting Price
$100/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Patriot Software Screenshot
Patriot Software is an online accounting and payroll software solution for small businesses. The solution allows businesses to track money and pay employees with ease. The solution is 100% online and will work on any device…
Price Range
$ $ · · ·
Starting Price
$8/month
Client OS
Windows
Deployment
Cloud Hosted
AccountEdge Pro Screenshot
AccountEdge is a complete small business desktop accounting and management solution for your Mac or Windows office, with everything you need to create and track sales and purchases, run payroll, track and build inventory…
Price Range
$ $ · · ·
Starting Price
$399 (perpetual license)
Client OS
Mac, Windows
Deployment
On-Premises
WorkingPoint Screenshot
WorkingPoint (formerly NetBooks) is a complete business management system for companies with 2 or more people. Predominantly inventory-based businesses such as manufacturers, distributors, wholesalers, retailers or e-tailers…
Price Range
$ · · · ·
Starting Price
$99/year
Client OS
Web
Deployment
Cloud Hosted
FreeAgent Screenshot
FreeAgent is a small business accounting software that runs completely in the cloud. FreeAgent provides invoicing, expense management, project management, and sales tax management. The software was developed specifically for…
Price Range
$ · · · ·
Starting Price
$12/month
Client OS
Web
Deployment
Cloud Hosted
OnPay Solutions Screenshot
Easy-to-implement cloud-based payment system that allows companies to automate electronic accounts payable Compatible with all Accounting or ERP systems even if check is the only payment type available in AP system …
Client OS
Web
Deployment
Cloud Hosted
Accounting Seed Screenshot
100% native full accrual accounting app. on Salesforce. Accounting Cloud tracks financial data through the entire business lifecycle; from marketing, project implementation, product sales, back office accounting, to producing…
Price Range
$ $ $ · ·
Starting Price
$250/month
Client OS
Web
Deployment
Cloud Hosted
AccountingSuite Screenshot
Cloud-Based AccountingSuite is uncomplicated accounting, order management and inventory software for growing businesses. Designed for the 99% of us who aren’t accountants, AccountingSuite makes it easier to run your business…
Price Range
$ $ · · ·
Starting Price
$15/month/user
Client OS
Web
Deployment
Cloud Hosted
Office Sweeet Screenshot
OfficeSweeet is an Enterprise Business Management solution for small business. It was designed to allow business owners to have complete control of all aspects of running their business from anywhere in the world. All data…
Price Range
$ $ · · ·
Starting Price
$47/month
Client OS
Android, Mac, Web, Windows, Linux, iOS
Deployment
Cloud Hosted
Denali Business+Accounting Screenshot
Everything you expect from a leading business accounting solution, plus the tools to manage cash flow, monitor profitability, analyze trends, track inventory, and make informed financial decisions based on real-time…
Price Range
$ $ $ · ·
Starting Price
$1,999/user (perpetual license)
Client OS
Windows
Deployment
Cloud or On-Premises
Priority Zoom Screenshot
Priority Zoom brings the power of ERP to your small business. Manage your accounting and financials, sales and purchases, inventory, CRM and more. Manage Leads, with Custom Statuses, and Customer Details; Track Customer…
Price Range
$ $ · · ·
Starting Price
$50/month/user
Client OS
Web
Deployment
Cloud Hosted

We searched and searched, but we couldn’t find any products in our database that match your criteria. Perhaps our team of software experts can help? They’d be happy to provide a list of free accounting software recommendations that meet your exact requirements.

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Accounting Software Buyer’s Guide

There’s a large quantity of accounting software and financial management products on the market today. Specially designed accounting systems are available for nearly any permutation of organization size, and industry you can think of. From a small-business that may require an off-the-shelf option to a larger enterprise that desires a vast amount of customization, this buyer’s guide will cover everything you should care about when reviewing accounting systems.

This guide will provide you with information on the following topics:

What Is Accounting Software?

Accounting software at a minimum keeps track of financial transactions. Core functionalities include general ledger (GL), accounts payable (AP), and accounts receivable (AR). Common additional functionalities include payroll, billing, and inventory management.

Many industries have customized functionalities/requirements like fund accounting for nonprofits, job costing for construction firms, or DCAA compliance for government contractors. In larger organizations, the terms “accounting software” and “ERP” are often used interchangeably.

Features of Accounting Software

Accounting software has features and functionalities that can be broken down into basic categories, such as common (typically found in all accounting software), industry-specific (only found in certain types of accounting software), and advanced (only used by mid-sized to larger businesses). While many top accounting software features exist to benefit your business, lets focus on some of the essentials.

Common Features

Feature Description
Core accounting Tracks revenues and expenses. Includes modules such as accounts payable, accounts receivable, and a general ledger.
Payroll Manages employee compensation: wage calculation, ACH deposits, check printing, and compensation tax reports
Billing & invoicing Create, send, and manage outbound invoices for client work.
Fixed asset management Track, depreciate, and amortize large company assets. With standard or custom decay models.
Inventory management Record inventory as current assets on the balance sheet. Track the cost of goods sold on your income statement.
Most common additional features requested
A recent study conducted by our company found that payroll, inventory control, and invoicing were the most requested additional features to buyers looking for more than the “core accounting” of accounts payable, accounts payable, and a a general ledger.

Industry-Specific Features

For some industries, some of the common components above are referred by a different name. Sometimes with different functionality.

Feature Common Industry Description
Fund accounting Nonprofits, government agencies Core accounting for companies that are funded by donations and/or grants. Emphasizes accountability to donor/grant requirements over profitability.
Job costing Construction, manufacturing Track costs/accounting/profitability on a job-by-job (project-by-project) basis. Often called construction or project accounting.
DCAA compliance Government contractors Defense Contract Audit Agency (DCAA) compliance. Specific accounting standards for government contractors as required by the Department of Defense

Advanced Features

As accounting systems get more advanced, they tend to include more specialized industry components, but here’s some common advanced components for all industries

Feature Description
Budgeting Provides coordination for the creation and management of detailed corporate financial plans, which estimate a company’s future revenues and expenses.
Business Intelligence (BI) Reports on finances, personnel, operations, and more. “Intelligence” can range from simple reports to historical and predictive analysis.
Currency Exchange Allows organizations to manage international cash, trade for currency of choice, and view reports in single consolidated currency value.
Bank reconciliation Imports bank records, often in real time, and attempts to auto-match bank and accounting records
Customer Relationship Management (CRM) Manages customers and prospects to aid marketing, sales, and customer service efforts

What Accounting Software Does Your Business Need?

The recently published Accounting Software Buyer Trends report reviewed more than 3,000 accounting software projects and found the needs and motivations of many buyers. While many types of buyers exist, most can fit into these common categories below.

  • New buyers and small businesses: 37% of the companies we surveyed are buying accounting software for the first time. Many small businesses were looking for increased functionality over their current methods, which ranged from a manual bookkeeping method (pen and paper) to a popular starter solution such as QuickBooks or Sage 50c (Peachtree).
  • Existing users desiring functions beyond core accounting: Over 20% of buyers said they need software that handles payroll, inventory, and invoicing.
  • Large companies: Businesses with 50+ employees are more commonly shopping for ERP software options that will include a full suite of functionalities to go along with their accounting. More than 70% of large businesses surveyed desired software that handles budgeting/business intelligence (BI) and fixed assets. Larger businesses also expressed desires for functionality such as fund accounting and procurement.
Additional feature importance for large companies

With how many accounting solutions exist on the market, it can be hard to decide which one is right for you. Many small businesses will start with an off-the-shelf product that has a small barrier to entry, such as being affordable and easy to learn. For many, that solution is Quickbooks.

The above video demonstrates the use of Quickbooks for accounting purposes and offers an insight into the layout and functionalities offered in the program.

Upgrading From QuickBooks?

Undoubtedly, QuickBooks is a massively popular product. While QuickBooks can serve many needs, it’s also the most commonly replaced accounting software on the market. Our previously mentioned buyer trends survey found that 33% of upgraders are coming from QuickBooks.

Accounting software being replaced

We also conducted a study on over 4,000 previous users for their most popular quickbooks replacement options. The solutions will vary by industry, but these options were found to be the most common choices for companies to review:

Most common quickbooks replacements

Accounting Software Pain Points

  • Integration with other business software. Companies that do not have a complete (all-in-one) software will look to combine more than one software to meet all of their functionality needs. An off-the-shelf software that handles core accounting may lack additional functionality such as payroll, advanced reporting, or more involved inventory. Once the need for these features arrives, many buyers may lack the means necessary to integrate the programs together.
  • Difficulty finding industry-specific tools. As consumers demand functionality more in-tune with their industry needs, software developers are doing everything they can to make those dreams a reality. While a super-niche industry may not have a software option exclusively developed for them, be on the lookout for specialized vendors. These are companies that pride themselves in implementing specific software solutions into certain environments, and will offer customizations or add-ons for a generic-product that will make it more in line with what the business expects on a day to day basis.
  • Low levels of customization available. Many companies will try to make due with a lower-cost solution at the expense of advanced functionality. Options such as Sage 50c and Quickbooks are great low priced options for new businesses, but they’ll lack ways to customize the software towards your business. Popular accounting software customizations include tailored reports, role-based dashboards, custom data fields that can be added to invoices and reports, and more.

The landscape of features and technology offered by software vendors is constantly changing. And as software changes, so do the demand for specific features.

  • Increased adoption of cloud software. Also known as software-as-a-service (SaaS), cloud adoption rates have picked up over the past decade. In 2015, 76% of the buyers we spoke to indicated a receptiveness have their software hosted externally, off-premise. In 2017, this percentage rose to 84%. With cloud-based software, products are leased, rather than licensed, which becomes more attractive for smaller businesses with limited funds. The software industry has responded by making software more available on a cloud basis.
  • More tablet & mobile applications. In 2016, mobile web browsing surpassed desktop browsing in user counts. Naturally, usage has translated into business demands. Accounting software developers have responded in kind, especially within fields that require on the site analysis such as construction & field service.
  • Developer & product acquisitions. As markets mature, often companies will acquire, reposition, and/or consolidate their product lineups. This is especially frequent as of late. Sage’s acquisition of Intacct is a notable example.
  • More data. More intelligence (BI). Over the past five years (2012-2017), we’ve seen a whopping 42% increase in end users looking to evaluate Business intelligence software. Business intelligence software is used in virtually every industry. Consulting firms need to track employee productivity by project/company. Retailers need to track profitability by SKU. Financial institutions set new account goals for personal bankers.
  • More integrations and APIs. Integrations, or APIs, allow distinct products to talk with one another. Your payroll system could update your HR team in Slack of any processing errors. Your payment processor might automatically push new receivable entries to your accounting system. Your accounting software could share available funds with BI systems. Expect inter-software communication abilities to increase in most products.
  • Lease accounting standards update. In an effort to improve financial reporting, the Financial Accounting Standards Board (FASB) issued a new standard on lease accounting. Each asset with a 12+ month lease term needs to be included on balance sheets. This includes equipment, buildings, vehicles, and other assets your company leases. The new standard went into effect for public companies for fiscal years & interim periods beginning after Dec 15, 2018, and for private companies for fiscal years beginning after Dec 15, 2019 and interim periods within fiscal years after Dec 15, 2020.