Accounting Software

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

Popular Products

Microsoft Dynamics GP is an ERP solution designed for small and mid-market businesses. Key capabilities of Dynamics GP include: Financial management and accounting; Inventory management and operations; Sales and service…
Price Range
$ $ $ · ·
Starting Price
$65/month/user
Platforms
Web, Windows
Deployment
Hosted or Local
Connected Accounting and ERP is a business management application designed for small to midsized companies. Connected can be deployed on traditional networks, with both Mac and/or PC clients, or in the Connected on Demand…
Price Range
$ $ $ · ·
Starting Price
$499 (one time)
Platforms
Mac, Windows
Deployment
Hosted or Local
Sage Intacct is a web-based, SaaS accounting and financial management software system designed for use by small and mid-size organizations. Key benefits include: Automation of manual processes enabling faster delivery of…
Price Range
$ $ · · ·
Starting Price
$400/month/user
Platforms
Web
Deployment
Hosted (cloud-based)
Adagio Accounting is a multi-ledger, modular accounting system that provides best-in-class audit controls and financial reporting capabilities. It is designed for small and mid-sized businesses that process significant…
Price Range
$ $ $ · ·
Starting Price
$950 (one time)
Platforms
Windows
Deployment
Locally Installed
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 (one time)
Platforms
Mac, Windows
Deployment
Locally Installed
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 (one time)
Platforms
Windows
Deployment
Hosted or Local
nQativ’s ActivityHD software is an accounting solution like none other. nQativ and ActivityHD are an excellent fit for small to medium-sized organizations needing to fuel their business decisions with accurate and actionable…
Price Range
$ $ $ $ ·
Platforms
Web, Windows
Deployment
Hosted or Local
FlexiFinancials, developed by Flexi Software, is a full suite of accounting solutions for companies in several industries including Banking, Insurance, and Financial Services. The FlexiFinancials suite consists of a cohesive…
Price Range
$ $ $ $ $
Platforms
Web, Windows
Deployment
Hosted (cloud-based)
GOLDEN ACCOUNTING SYSTEM is a full-featured accounting suite for the small to medium sized enterprise. It is designed to fulfill the accounting needs of companies that have outgrown entry-level accounting systems or have…
Price Range
$ $ $ · ·
Starting Price
$9,995 (one time)
Platforms
Windows
Acumatica is a cloud ERP system designed for the SMB market. Acumatica includes functionality for financial management, customer management, project accounting, distribution management, manufacturing management, field service…
Price Range
$ $ $ $ ·
Starting Price
$12,800/year
Platforms
Web, Windows
Deployment
Hosted or Local
The DS90 iSeries distribution and accounting software suite is an ERP application built for small to mid-sized businesses. It offers the functionality of high end ERP applications but without their complexity or high price…
Price Range
$ $ · · ·
Starting Price
$2,100 (one time)
Platforms
Web, Windows
Deployment
Hosted or Local
Sage has created a next generation cloud accounting solution that empowers small and medium businesses to achieve their ambition by reducing the time spent on low-value tasks. By offering full integration with Salesforce and…
Price Range
$ $ $ · ·
Starting Price
$300/month
Platforms
Web
Deployment
Hosted (cloud-based)
NetSuite ERP is a cloud-based, developer-hosted, cloud ERP software platform offered on a software-as-a-service (SaaS) basis. NetSuite advertises its ERP solution as “the world’s most deployed cloud ERP” solution. NetSuite…
Price Range
$ $ $ $ ·
Starting Price
$99/month/user
Platforms
Web
Deployment
Hosted (cloud-based)
QuickBooks Enterprise Solutions offers the most comprehensive business management tools for growing businesses with up to 30 simultaneous users. Enterprise Solutions allows you to customize any of the 120+ built-in Reports…
Price Range
$ $ · · ·
Starting Price
$880/year/user
Platforms
Windows
Deployment
Hosted or Local
Bench is a subscription accounting service that connects organizational financial data with a team of professional bookkeepers. Typically used by small businesses with 10 or fewer employees. Bench accounting software tracks…
Price Range
$ $ · · ·
Platforms
Web, iOS
Deployment
Hosted (cloud-based)
Spire is a business management solution for small and mid-sized businesses. Their software is developed with an intuitive interface and a robust database that uses modern technology for efficiency, flexibility and…
Price Range
$ $ $ · ·
Deployment
Locally Installed
Distributors know what distributors need. Acclamare understands this better than anyone, so they have continually sought out distributors’ thoughts, ideas and best practices. The months and years of feedback we have received…
EBMS contains complete enterprise resource planning tools that are important in managing a business more efficiently. The EBMS software is a great upgrade from more basic software such as QuickBooks and Sage 50/Peachtree…
Price Range
$ $ $ · ·
Platforms
Windows
TRAVERSE is an ERP system from Open Systems, Inc. offering financial, operations, and sales functionality. Traverse provides comprehensive integration for key business processes, while offering the ability to scale from 5 to…
Price Range
$ $ $ $ ·
Starting Price
$1,200/user (one time)
Platforms
Web, Windows
Deployment
Hosted or Local
CenterPoint Accounting Software is a real-time accounting software application that allows businesses to track important information, so they can easily see which areas of the business are thriving, and which areas need…
Price Range
$ $ $ · ·
Platforms
Web, Windows
Deployment
Hosted (cloud-based)
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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.

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

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 Reports on finances, personnel, operations, and more. “Intelligence” can range from simple reports to historical and predictive analysis.
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 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

Common 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.