A quality accounting software will allow you, as an owner of a small business, to track the income, financial accounts, taxes, and more stuff that are important to keep up with finance. Also, with the availability of the software, you will not need to keep your accounts manually. These software options basically make things easier for you.
According to BusinessNewsDaily.com,
“Accounting software is also useful for tax management, ensuring you’re accurately estimating all your tax liabilities and saving money accordingly. The best accounting software integrates with other key business systems like payroll software and HR software, eliminating the need to enter the same data manually in multiple systems.”
However, with so many options available in the market, it is hard to choose which one is the best for your business. Hence, in this article, we have ranked different software options based on their capability, pricing, features, and more. Also, you will need to choose which one is right for your business. Hence, to learn more about the best accounting software, read on through to the end of the article.
The Best Accounting Software You Will Get In 2023
The following are the best accounting software that you will come across in 2023:
1. Zoho Books
| Starting Price | US $15 per month |
| Free Trial | 14 days along with a free forever plan (with some restrictions in revenue) |
| Essential Features | Payroll, Invoicing, and mobile app |
Top reasons to buy ZohoBooks:
- Accepts both offline and online payments
- Integrated with other Zoho apps
- Manage up to 1099 contractors
- The best accounting software by far
- Presence of recurring invoices
- Best suited for service-based businesses
- A great option if you already use other Zoho apps
Cons:
- There are extra payroll costs
- The free plan only comes with 1000 invoices per year
2. Intuit QuickBooks
| Starting Price | $25.50/ month for three months |
| Free Trial | 30 days for a free trial |
| Essential Features | Managing invoices, tracking the inventory, and tracking mileage |
Top reasons to buy it:
- Comprehensive and useful accounting software
- Comes with support through phone
- Comes with a simple mobile app
- Easily integrates with other apps and software
Cons
- There are extra costs for payroll features
- After the intro period, the prices of services double
- Accidents might lead to duplicate transactions. Hence, carefulness is necessary.
- There are no eCommerce features.
3. Fresh Books
| Starting Price | $158.10 |
| Free Trial | 30 days free trial |
| Essential Features | Tracking unlimited expenses, unlimited invoicing, mobile app present |
Top reasons to buy it:
- Unlimited invoicing for up to 5 clients
- Sending unlimited estimates
- Tracking unlimited expenses
- Option to get paid with bank transfer and credit card
- Ability to track sales tax and check reports
- Great for small and medium-sized businesses
Cons:
- No document management option
- No training at the start
- Does not contain any payroll
4. Xero
| Starting Price | $13 per month |
| Free Trial | 30 days (no credit card required, and 24×7 online support is available) |
| Essential Features | Different reports, payroll management, and good integration. |
Top reasons to buy it:
- Easy to enter and update purchase invoices
- Simple and dynamic user interface
- Comes also with a mobile app
- Comes with a variety of report options
- Simple payroll management
- Integrates well with other apps
Cons:
- Visual graphic charts are not available
- The Tax option does not load sometimes
- The timesheets sometimes stop working
- The reporting function is a bit complicated
5. NetSuite
| Starting Price | $499.00 per year |
| Free Trial | No free trial is available |
| Essential Features | Access to the cloud, availability of automation, and regulatory compliance |
Top reasons to buy it:
- A great option for businesses that require assistance with financial compliance.
- A variety of customizable features are available
- Easy integration with other tools
- Offers the flexibility to scale your business
- A variety of customizable options
- Good accounting software for small businesses.
Cons:
- The pricing system is not fully transparent
- Users need to go through a learning curve initially
6. Sage Business Cloud Accounting
| Starting Price | $7.5 per month |
| Free Trial | No free plan available at the start |
| Essential Features | Easy of invoicing, Automatic reconciliation with banks, Receivable track accounts |
Top reasons to buy it:
- One of the best small business accounting software options
- The invoicing is really easy
- The software is based on the cloud
- Multiple currencies are supported on the platform
- Supports automatic bank reconciliation
Cons:
- The good option is only for small businesses. Not a useful option for established businesses.
- There is no payroll included in the platform.
- The phone support hours are limited.
7. MarginEdge
| Starting Price | $300 per month |
| Free Trial | 30 days of a free trial |
| Essential Features | Great for businesses, integration of POS, and report of the usage of food. |
Top reasons to buy it:
- Fixed monthly rates for the rest of the months.
- No set-up fees or contracts
- Creating recipe costing
- Ease of bill payment
- Report on the usage of food
Cons:
- Very pricy as per the services it provides
- No payroll available
- Contains accounting programs related to restaurants. Not a great option for service-based businesses
8. Neat
| Starting Price | $288 per year |
| Free Trial | Free trial for 14 days |
| Essential Features | Expense Tracking, Billing and Invoicing, Bank Reconciliation, Financial Reporting, and more. |
Top reasons to buy it:
- Great software for accounting for self-employed people
- Comes with essential functions to run small businesses
- Provides unlimited file storage options
- Comes with the expense tracking feature
- Really good chat and email support
- File sharing and collaboration features are available
Cons:
- Not fully robust with features.
- No payroll available
- The monthly billing option is not available.
9. Kashoo
| Starting Price | $216 per year |
| Free Trial | 14-day free trial |
| Essential Features | Comes with payroll, easy invoicing options, and a simple mobile app |
Top reasons to buy it:
- Cloud-based accounting system
- Comes with a free invoicing plan
- You can be able to include unlimited users
- You can connect with more than five thousand banks and credit union
- Integration options are limited in the number
Cons:
- There are no features of time-tracking
- Lacks management of document
- The app is not available for Android phones
10. Melio
| Starting Price | Free |
| Free Trial | Free plan and free trial |
| Essential Features | Remote Access/Control, Recurring invoicing, Deferred billing, and more. |
Top reasons to try it:
- One of the best free accounting software options
- Best for a small business owner and self-employed
- Based on the web, SaaS, and cloud
- Full support through chat and email
Cons:
- No customizable templates are available
- No storage of documents
- Lacks various other features available with paid options on other apps.
11. Pabbly
| Starting Price | $9 per month |
| Free Trial | Contains a free plan with limited features |
| Essential Features | Smart Tax Automation, Multi-Tier Affiliate, Inbuilt Affiliate Module, Dunning Management, and more. |
Top reasons to buy it:
- The accounting systems let you get access to real-time actionable metrics
- Automation of business workflows and customer communication
- Easy creation of invoice
- Comes with a subscription billing model
- No extra fees
Cons:
- Lack of customer service
- Delays in the app
- Sometimes creates problems in connecting with payment options.
12. Wave
| Starting Price | Free plan for accounting and invoicing, as well as receipt managementContains extra for other options |
| Free Trial | – |
| Essential Features | Invoicing, payroll service, categorization of transactions |
Top reasons to buy it:
- Easy to categorize transactions
- Automatic reminders to invoices
- Easy categorization of transactions
- One of the cheapest payroll services
Cons:
- Not well-reviewed by users
- Not a great option for established businesses.
13. AccountEdge Pro
| Starting Price | $399 (perpetual license)Starting at $199 for a single user |
| Free Trial | Free trial for 30 days |
| Essential Features | Accounts payable, Role-based user permissions, Accounts receivable, and bank reconciliation. |
Top reasons to buy it:
- No set-up fee required
- Good customer service
- Easy interface
- Heavy lifting for payroll, taxes, and accounts.
Cons:
- Malfunctioning leads to slow processes
- Lack of feasibility
- Lack of customization options
14. OneUp
| Starting Price | $9 per month |
| Free Trial | Free plan available |
| Essential Features | Automated Publishing, Collaboration Tools, Content Management, Post Scheduling, etc. |
Top reasons to buy it:
- Easy to use and intuitive
- High-quality support and communication
- Automation capability
- The support constantly adds features as per the feedback of the clients.
Cons:
- Lack of customization features
- Sometimes occurs in a lack of response from the support
- Prone to errors in some situations
15. Tipalti
| Starting Price | $149 per month for the platform fee |
| Free Trial | Not available |
| Essential Features | Invoice Management, Vendor Checks – AP Automation, Payments API, Tax Compliance, and more |
Top reasons to buy it:
- Automation of the accounts payable process
- Easy payment processes
- A great option for businesses that are driven by deadlines
- Ability to correct issues related to non-compliance as well.
Cons:
- A bit pricier than necessary
- Comes with no free trial either
- Prone to lags and glitches
- Slow action and resolution from the support team
16. OnPay
| Starting Price | Pricing starts at $36 per month |
| Free Trial | Available for 30 days |
| Essential Features | Payroll software, Employee management, HR features, and more |
Top reasons to buy it:
- Good pricing in terms of the services offered.
- Consists of a good quality payroll and also consists of various features for HR management.
- Great for businesses that are looking for solutions based on payrolls.
Cons:
- Lacking advanced features
- Limited expert support
- Additional services come in premium
- Does not integrate with a large number of software options.
17. Accounting Seed
| Starting Price | $833 per year |
| Free Trial | No free trial or freemium is available |
| Essential Features | Ease of billing, automatic report generation, Easy interface |
Top reasons to buy it:
- Comes with the subscription or recurring billing options
- Simple and secure API
- Automation of some of the menial tasks
- Great for businesses looking for a Cloud-based platform
Cons:
- Limited response from customer support
- Slowing down the application in a few cases.
- Lack of customization options in the reports
18. ZipBooks
| Starting Price | Free Pricing. Premium features are available at $15 per month. |
| Free Trial | Freely available with limited options |
| Essential Features | ACH Payment Processing, Bookkeeping Services Integration, and more. |
Top reasons to buy it:
- Comes with a great API
- Exceptional billing and invoicing features
- Good customization options
- Simple and easy to use, plus it comes with a lot of features
- Powerful functionality and better accessibility
Cons:
- Lacks some features as compared to other top software
- Consists of some quirks and bugs
- Lack of advanced options in the application
19. Sunrise by Lendio
| Starting Price | Free PricingPremium options come at $149 per month |
| Free Trial | Freely available with standard options |
| Essential Features | Automatic Bank Reconciliation, Easy Tax Options, Profit and Loss Reports, Branded Invoicing, and more. |
Top reasons to buy it:
- A good option for starters
- Good quality software support from the team.
- Easy to use and provides simple options to track expenses.
- Great invoicing options
- Comes with a dedicated bookkeeping service
Cons:
- Inability to run payroll
- Lacks advanced features required for a growing business
- Nothing much apart from basic accounting and reconciling practices
20. ZarMoney
| Starting Price | $15 per month |
| Free Trial | Not available |
| Essential Features | Productivity, reporting, advanced inventory, and more. |
Top reasons to buy it:
- Covers almost every process a business needs in relation to accounting
- Accommodating payment models
- Good for both small and large enterprises
- Customers have the ability to choose from a large number of plans
- Good quality support system
- Easy to use as well as affordability
- Perfect for businesses that are starting out and want to grow
Cons:
- Invoicing and other features might come short at times
- Lack of customization options
- Lack of graphic displays when it comes to charts and graphs
According to Forbes.com,
“Accounting software can improve productivity by automating time-consuming tasks, such as invoicing and tracking payments. This frees up your time so you can focus on running your business.”
The aforementioned accounting software options can be great for you if you want to upgrade your business’ accounting processes.
Summing Up
Hope this article was helpful for you in getting a better idea of the best accounting software options for small businesses. Although the best option by a mile is Zoho, the other options are still great. If you are a restaurant or food service, then MarginEdge is a great option for you. Hence, if you are trying to get your company accounting software, you can choose one from this list as per your needs and budget. Furthermore, there are a lot of accounting courses which you can join.
Do you know of any other accounting software that we did not include? Consider sharing some names with us in the comments section below.
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