Software Connect logo Software Connect logo
Talk with a Software Expert…
(800) 827-1151

Accounting Software

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

  • Editor’s Picks
  • All Products
  • Buyer’s Guide
Talk with an advisor
Get a free consultation from an independent system expert.
Or, call toll-free: (800) 827-1151
Talk with an advisor
←
→
Best
Overall
Sage Intacct Screenshot
Sage Intacct
In-depth financial management
Works in any industry
Budgeting and Planning integration
Learn More
Best for
Small Business
FreshBooks Screenshot
FreshBooks
No setup costs
Discounted intro pricing
Simple and intuitive
Learn More
Best
Free
Wave Screenshot
Wave
Unlimited bank accounts and credit cards
Unlimited income/expense transactions
Multi-currency invoicing
Learn More
Best for
Payables
Tipalti Screenshot
Tipalti
Invoice-based and performance-based workflows
Handles multi-entity
Integrations with popular accounting software
Learn More
Best
Online
Xero Screenshot
Xero
Strong invoicing capability
Large number of add ons and integrations
Easy-to-understand accounting language
Learn More
Best for
Mac
QuickBooks Mac Screenshot
QuickBooks Mac
User-friendly
Low one-time cost
One-click finances, sales and tax reports
Learn More

The right accounting software will keep track of financial transactions to record profit and loss and improve your overall financial management and overall cash flow.

Since accounting software is something your business will use everyday, it’s important you choose one that is easy to use, easy to implement, and within your budget. Most businesses may opt for a simple out-of-the-box software that does not require any additional add-ons or customization. Others may look for something rather complex that requires a high-level of customization.

There are hundreds of accounting systems on the market today–so which is right for your business? You may need to create invoices, run financial reports, or identify and follow up on past-due balances. The number of employees and your industry will also be factors considered.

To help you find the best accounting solution, we’ve conducted research on a wide range of management software and put together a collection of our best accounting software.

Best Overall
Sage Intacct
★★★★★
★★★★★
(46)

Entities
Purchasing
Order Entry
Resource Search
Report Center
Financial Report Editor
Dashboard
What We Like
In-depth financial management
Works in any industry
Budgeting and Planning integration
What We Don’t Like
Volume exports can be difficult
Learning curve
Only for US Market
Overview
Price Range: $$
Client OS: Web

Sage Intacct includes support for core accounting, financial reporting, billing, purchasing, sales and use tax, inventory management, and project accounting. The financial management system offers a suite of accounting features that could serve medium and large-sized businesses with consolidated ERP and e-commerce features.

Most of Sage Intacct’s applications are financial-based, including accounts payable, accounts receivable, cash management, a general ledger, order management, purchasing, and reporting and dashboards. Intacct also includes support for financial reporting, billing, sales and use tax, inventory management, and project accounting.

The Intacct solution is particularly popular with professional services companies based on extensive support of time-based billing, ease of use for remote professionals, and strong project accounting features.

Best for Small Business
FreshBooks
★★★★★
★★★★★
(5)

Expense management
Invoicing
Project and task time tracking
Freshbooks Home Page
What We Like
No setup costs
Discounted intro pricing
Simple and intuitive
What We Don’t Like
Client based pricing
No bulk invoice creation
Overview
Price Range: $
Starting Price: $15/month
Client OS: Web, iOS, Android

FreshBooks is a true all-in-one accounting software that improves cash flow and automates your administrative tasks such as basic invoicing, organizing expenses, and tracking your time worked on projects. It also offers a large quantity of reports that help monitor the finances and financial health of your business.

The biggest benefit of FreshBooks is what you get included for the price. Rather than offer a limited base version of their software (such as only invoicing), their “Lite” package includes a full suite of unlimited invoices, expense entries, estimating, and time tracking. It can also accept credit card payments and ACH bank transfers and has an automated bank import feature built in.

Best Free
Wave
★★★★★
★★★★★
(5)

Dashboard
New Invoice
Products and Services
Receipts
New Estimate
Available Reports
What We Like
Unlimited bank accounts and credit cards
Unlimited income/expense transactions
Multi-currency invoicing
What We Don’t Like
Collecting online payments is “pay-per-use”
Payroll is a monthly add-on
Overview
Price Range: $
Client OS: Web, iOS, Android

Wave is a forever-free accounting solution that offers accounting, invoicing, payments, payroll, and receipts. Wave is very transparent into their pricing structure. The accounting, invoicing, and receipt scanning is 100% free. Collecting payments via credit card or bank transfers, or running payroll for your employees, does come at a price, however.

Wave is not only one of the most popular free accounting solutions, it can also be thought of as one of the most popular accounting solutions period. Because of this, it’s a great choice for freelancers and start-ups who are strapped for cash.

Best for Payables
Tipalti

Supplier Payments
Review Invoice
Review Invoice
Bill List
Bill Approval
Bill Approval
Payment Group
Tipalti
What We Like
Invoice-based and performance-based workflows
Handles multi-entity
Integrations with popular accounting software
What We Don’t Like
Lengthy setup
No VAT or GST functionality between all available integrations
Can’t add bills to scheduled payment order
Overview
Price Range: $$
Starting Price: $100/month
Client OS: Web, iOS, Android

Tipalti is an accounts payable automation solution that prioritizes efficiency across an end-to-end global payables workflow. Supporting AP and payment management in their cloud platform, Tipalti helps users scale and adapt to their business’ changing needs.

Invoice-based supplier payments are the heart of Tipalti, helping growing companies focus on improving their AP workflow. Larger companies can enjoy global and performance based mass payments to partners depend on their marketplaces, networks, or communities.

Tipalti lets vendors register on your Supplier Hub, helping your business reduce data entry and ensure supplier identity with tax IDs. Vendors can then upload invoices and allow you as the payer to review what has been keyed in and approve any invoices and schedule future payments.

Want more results? Check out our list of accounts payable automation software.

Best Online
Xero
★★★★★
★★★★★
(3)

Xero Dashboard
What We Like
Strong invoicing capability
Large number of add ons and integrations
Easy-to-understand accounting language
What We Don’t Like
No “paid” notification alerts
Limited to 2,000 transactions per month
Payroll is limited to 36 U.S. states
Overview
Price Range: $$
Starting Price: $9/month
Client OS: Web

Xero is very scalable online accounting software, meaning many small businesses continue to use Xero as they grow into larger enterprises and upgrade to more advanced versions. Because of this, over 1.3 million users have chosen Xero as their primary accounting software.

Online accounting solutions (also known as cloud accounting software) such as Xero provide a “log in from anywhere” approach, which is intended to increase usage given the ease of access. On top of being able to access your financial information from anywhere you have access to a web browser, Xero has a mobile app for iOS devices, which can provide accounting features such as receipt scanning.

Xero learns and categorizes each transaction to help save your business time. Xero also has a large customer support network and an online “checkup tool” that lets the customer support team run some system checks to identify issues and handle issues via chat support.

Best for Mac
QuickBooks for Mac
★★★★★
★★★★★
(3)

Company Snapshot
Invoices
Payments
Profit and Loss Details
QuickBooks for Mac
What We Like
User-friendly
Low one-time cost
One-click finances, sales and tax reports
What We Don’t Like
3 users maximum
No mobile access
Limited tech support
Overview
Price Range: $
Starting Price: $299.95 (perpetual license)
Client OS: Mac

QuickBooks for Mac is the Mac-exclusive version of one of the most widely used accounting products ever, QuickBooks Desktop. New in 2020, the Mac version includes modernized reporting, an improved customer snapshot, a dark mode, electronic invoices with online ACH, credit card, or e-check payment options, and bounced check processing.

Due to the widespread popularity of PCs, many software developers have a “Windows-first” approach when it comes to creating their software. While it can be challenging to find an accounting software with a Mac-specific UI, QuickBooks for Mac gives all the same features provided to it’s Windows counterpart. This is a relief for Mac users who prefered a locally installed option rather than QuickBooks Online accounting software.

QuickBooks for Mac primarily serves small businesses and starts at only $299 for a one-time purchase.

Want more results? Check out our list of best mac accounting software.

All Products

No products found
Sage Intacct Screenshot
Sage Intacct
★★★★★
★★★★★
(46)
Sage Intacct is a web-based, SaaS accounting and financial management software system designed for use by small and mid-size organizations. Sage Intacct was built by finance professionals, for finance professionals, providing powerful automation of…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Web
Deployment
Cloud Hosted
FreshBooks Screenshot
FreshBooks
★★★★★
★★★★★
(5)
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 track your time towards…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$15/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
QuickBooks Online Screenshot
QuickBooks Online
★★★★★
★★★★★
(30)
QuickBooks Online is the most flexible accounting software solutions 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 a…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$15/month
Client OS
Web
Deployment
Cloud Hosted
NetSuite ERP Screenshot
NetSuite ERP
★★★★★
★★★★★
(16)
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 ERP is used by over 40,000…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$99/user/month
Client OS
Web
Deployment
Cloud Hosted
Zoho Books Screenshot
Zoho Books
★★★★★
★★★★★
(4)
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 such as accrual accounting…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$9/month
Client OS
Web
Deployment
Cloud Hosted
Sage Business Cloud Financials Screenshot
Sage Business Cloud Financials
★★★★★
★★★★★
(2)
Sage Business Cloud Accounting 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 thousands of other business apps, Sage Business Cloud Financials…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$300/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 until you’re ready; No setup…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$9/month
Client OS
Web
Deployment
Cloud Hosted
Dynamics 365 Business Central Screenshot
Dynamics 365 Business Central
★★★★★
★★★★★
(4)
Get a complete business and financial management solution for small and medium-sized businesses. Microsoft Dynamics 365 Business Central makes ordering, selling, invoicing, and reporting easier—starting on day one. [[toc]] With the October ’18 release…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$40/user/month
Client OS
Web
Deployment
Cloud or On-Premises
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 looking invoices—all for free! Wave…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
AccountEdge Pro Screenshot
AccountEdge Pro
★★★★★
★★★★★
(7)
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, bill for time, and manage…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$399 (perpetual license)
Client OS
Mac, Windows
Deployment
Cloud or On-Premises
Multiview Screenshot
Multiview
★★★★★
★★★★★
(2)
For organizations seeking a solution that easily conforms to their existing operations, Multiview offers a flexible, integrated suite of financial solutions. With Multiview , companies gain superior visibility over corporate data, creating a more…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
Deployment
Cloud or On-Premises
QuickBooks Enterprise Screenshot
QuickBooks Enterprise
★★★★★
★★★★★
(29)
QuickBooks Enterprise Solutions by Intuit offers the most comprehensive business management solution for growing businesses with up to 30 simultaneous users. Enterprise Solutions allows you to customize any of the 120+ built-in Reports and forms to look…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$1,577/year
Client OS
Windows
Deployment
Cloud or On-Premises
Sage 50c Accounting - US Screenshot
Sage 50c Accounting - US
★★★★★
★★★★★
(19)
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 Guide Sage 50c Pro Accounting…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$439/user/year
Client OS
Windows
Deployment
On-Premises
GoDaddy Online Bookkeeping Screenshot
GoDaddy Online Bookkeeping
★★★★★
★★★★★
(4)
::: alert This product is no longer sold or supported. GoDaddy Online Bookkeeping has been rendered as read-only as of June 23, 2022 and will sunset operations on September 30, 2022. ::: GoDaddy Online Bookkeeping (formerly Outright) is a web-based…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$8/month
Client OS
Web
Deployment
Cloud Hosted
Kashoo Screenshot
Kashoo
★★★★★
★★★★★
(2)
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 designed for use by business…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$199/year
Client OS
Web, iOS
Deployment
Cloud Hosted
FinancialForce Screenshot
FinancialForce
★★★★★
★★★★★
(1)
FinancialForce is an accounting system delivered on-demand from Force.com, the world’s leading cloud computing platform pioneered by Salesforce. It is a unique and effective financial management system in its own right, but is also the perfect complement…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$175/user/month
Client OS
Web
Deployment
Cloud Hosted
Billy Screenshot
Billy
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 process; Convert quotes to…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$15/month
Client OS
Web
Deployment
Cloud Hosted
Tipalti Screenshot
Tipalti
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 payment in local currency or USD…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$100/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Patriot Software Screenshot
Patriot Software
★★★★★
★★★★★
(1)
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 online accounting is designed to be used by the non-accountant. The package lets…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$8/month
Client OS
Windows
Deployment
Cloud Hosted
NolaPro Accounting Screenshot
NolaPro Accounting
Have industry requirements that need met? Specific problems no one else can solve? Need to increase your company’s efficiency standards? Let NolaPro’s powerful, scalable platform work for your business. Utilize its rock-solid ERP suite and then streamline…
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$5/user/month
Client OS
Web, Windows, Linux
Deployment
Cloud or On-Premises

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.

Sort by 
Learn about sort options…
Filter by User Rating
Filter by Price Range
Learn about price ranges…
Filter by Deployment
Filter by Client OS
Russ Davidson
Last updated on August 18th, 2021
Facebook
LinkedIn
Twitter

Accounting Software Buyer’s Guide

From a small-business that may require an off-the-shelf option to a larger enterprise that desires a vast amount of financial management customization, this buyer’s guide will cover everything you should care about during your search when reviewing accounting software.

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

  • What Is Accounting Software?
  • Key Features
  • Primary Benefits
  • What Does Your Business Need?
  • Should You Outsource Your Accounting?
  • Is QuickBooks the Right Choice?

What Is Accounting Software?

Accounting software at a minimum keeps track of financial transactions to record profit loss and better improve business finances and overall cash flow. Core functionalities include general ledger (GL), accounts payable (AP), and accounts receivable (AR). Common additional functionalities include bank transactions, purchase orders, payment reminders, and payroll service.

Many industries have customized financial management functionalities/requirements like fund accounting for nonprofits, job costing for construction firms, or DCAA compliance for government contractors.

There are also different ways of conducting your accounting process, such as single-entry or double-entry accounting.

In larger organizations, the terms “accounting software” and “ERP” are often used interchangeably. The right software will provide the data management tools you’ll need for accurate account balances and let you be ready at tax time.

Freshbooks Cloud Accounting Software Invoices
Create invoices with your logo in Freshbooks.

Features of Accounting Software

Business accounting software has features and applications 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 features (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.

  • Core accounting: Includes revenue and expense tracking and creates financial reports for your business. Includes modules such as accounts payable, accounts receivable, and a general ledger.
  • Payroll: Manages employee compensation: wage calculation, direct deposits, check printing, and compensation tax reports.
  • Billing & invoicing: Pay bills and create, send, and manage outbound invoices to customers for client work. Attach sales tax figures. Collect customer payments online via credit card or ACH bank transfers.
  • Bank reconciliation: Imports bank records, often in real time, and attempts to auto-match bank and accounting records.
  • Inventory management: Track inventory as current assets on the balance sheet. Track the cost of goods sold on your income statement.
  • Purchase Orders: Creates the financial document issued to vendors when buying supplies or services. Includes information such as product type, quantity, and pricing.
Most common additional features requested
The top three most requested features from customers are payroll, inventory management, and invoicing.

Our recent accounting software buyer trends report found that payroll, inventory control, and invoicing were the most requested additional accounting features that buyers search for more on top of the “core accounting” of accounts payable, accounts payable, and a general ledger.

Benefits of Accounting Software

Undoubtedly in using any business software solution, you’ll find things you like as well as dislike. The best accounting systems will help alleviate pain points from manual methods, but they may also bring about some technological pain points that you’ll want to be prepared for.

Numerous Integrations Available 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 applications needs. A common example is having a bookkeeping software and an inventory tracking option that do not integrate.

An off-the-shelf software that handles core accounting may lack additional applications such as payroll, advanced reporting, or more involved inventory tracking. Once the need for these accounting features arrives, many buyers may lack the means necessary to integrate the programs together.

While a simple and inexpensive program may meet your accounting needs in the short-term, if you desire additional capabilities down the road (such as payroll service, client portals, or an improved user interface), you may be better off choosing a more advanced software from the start.

Integrations, or APIs, allow distinct products to talk with one another. For example, your payroll system could update your HR team with a chat program (such as 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. While some accounting products may try and provide an “all-in-one” tool, others will focus on being the best at a few main areas, and offer integrations to tools that they feel help complete their program.

QuickBooks Online Chart of Accounts
View a chart of accounts in Intuit QuickBooks Online.

Many Industry-Specific Tools and Vendors Available

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.

Zoho Books Recurring Bills Accounting Software
Manage recurring bills in Zoho Books.

High Level of Customizations Are Available

Many companies will try to make due with a lower-cost solution at the expense of functionality. Options such as Sage 50c, Zoho Books, and Quickbooks Online 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

Bottom line, don’t sacrifice functionality for cost if it’s something you may look to add within a year down the road.

Xero Small Business Accounting Software
The dashboard in Xero.

Access Your Data From Anywhere With Cloud Accounting 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 to 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.

Wave Accounting Software Products and Services
View a list of products and services in Wave Accounting.

Record Information in the Field With Mobile Apps

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. This also makes accepting credit card payments in the field easier than ever.

Billy Online Accounting Software
Access your accounting data anywhere in the online accounting software Billy.

Get In-Depth Financial Performance Statistics Via Business Intelligence Features

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.

Kashoo Expenses Accounting Software
Break down your expenses in Kashoo.

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 a balance sheet. 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.

LeaseQuery Lease Accounting Software
Create journal entries in LeaseQuery.

Read more on our lease accounting software guide.

What Accounting Software Does Your Business Need?

Creating financial management reports with your data, using mobile apps, finding a new support vendor, or finding the cheapest cloud-based accounting option; everyone has their main motivation for finding a new solution.

The needs and motivations of many buyers will differ from project to project. While many types of buyers exist, most can fit into these common categories below.

New Buyers and Small Businesses

New buyers will likely desire a basic solution that can easily and automatically manage their finances and help them pay bill. 37% of the companies we surveyed are buying accounting software for the first time. Many small business software buyers 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 Zoho Books or Sage 50c (Peachtree).

View the small business accounting software page for a list of options.

Existing Users Desiring Functions Beyond Core Accounting

Over 20% of buyers said they need more software that handles payroll, inventory management, and invoicing. These features are common in enterprise business accounting software. A growing business also has more users in the system, which means vendor support may be needed more frequently if your staff isn’t trained properly.

View the midsize business accounting software page for a list of options.

Growing Companies

Companies that require a healthy amount of users or manage multiple entities are more commonly shopping for small business ERP software that will include a full suite of functionalities to go along with their accounting.

More than 70% of larger businesses surveyed desired software that handles advanced budgeting and forecasting or a business intelligence (BI) package for better analytics and creating financial statements. Larger businesses also expressed a desire for fund accounting capabilities and a way to manage their procurement.

Additional feature importance for large companies
Over 50% of companies with over 50+ employees required budgeting and fixed asset management within their accounting package.

View the enterprise accounting software page for a list of options.

Outsourced Accounting Services vs. Using a Software In-House

Maybe your business feels it doesn’t even need an accounting software system and can get by with outsourced accounting services from a local accountant or CPA. While the service offered by these professionals is usually of a higher quality, owning your own software in-house almost always leads demonstrates a higher ROI.

There are instances where the best option is an outsourcing service, and instances where having software will work better in the long-term. Figuring out which path to take depends on 3 critical angles:

  • Your staff’s skillset: Do you have the technical resources to deploy the software? Can you handle integrating with any other solutions?
  • Your risk tolerance: Are you comfortable managing the financial records of your business, or would you rather use outsourced services to worry about that?
  • The cost: Does the combined cost of software and cost of time spent using the software outweigh the cost of paying for a firm’s services to do the work for you?

Is QuickBooks the Right Choice?

Undoubtedly, QuickBooks is a massively popular product. While a product such as Intuit QuickBooks Online 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
Sage 50c was the 2nd most commonly replaced software for visitors to our website.

QuickBooks Replacement Products

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

Most common quickbooks replacements
Dynamics GP was the #1 most reviewed option for companies replacing QuickBooks.

Is There Anything As Inexpensive As QuickBooks?

What is your business isn’t trying to upgrade from QuickBooks? Perhaps you are just looking for an alternative small business accounting software that still provides ease of use and an affordable cost. With the amount of options available today, some businesses may dislike an accounting program simply due to the interface or a lack of a mobile app.

For those businesses, we recommending looking at comparable options that are popular with great sign-up offers, such as:

  • Zoho Books
  • GoDaddy Online Bookkeeping software
  • Patriot Software
Zoho Books Invoice
Zoho Books provides a simple interface and easy ways to create invoices.

Follow us on social media

Facebook Twitter LinkedIn Blog

Why you can trust us

We don’t sell software. We don’t develop it, either. What do we do? We help you save time and money by reviewing great software.

Since 1996, we’ve focused on one thing: understanding project requirements, so we can make great software recommendations. Our directory, advice articles, and team of experts are all designed to help you make the best software decision possible. Read more about our company.

More Information

We Care About Your Privacy
We are committed to protecting the privacy of our visitors. Read our official privacy policy.

Partnership Opportunities
Do you develop or sell software? Let’s talk about how your product can solve the business needs of our visitors.

© 1997-2022 Software Connect