Evaluating accounting or bookkeeping software for your business? Depending on your business needs, you should look for different features in your accounting package. Also, the legal structure of your company can dictate the type of accounting software that your businesses may need. See below for a summary of the top accounting software packages available.
Top Accounting Software
Intuit QuickBooks: Intuit’s QuickBooks small business accounting software is one of the biggest names in bookkeeping. Used by over four million small businesses in the US and by millions of accountants and bookkeepers, QuickBooks is an obvious choice for many small businesses. The top QuickBooks brands are QuickBooks Pro and QuickBooks Premier, the most popular versions of Intuit’s accounting and bookkeeping programs. QuickBooks also offers payroll software as well as QuickBooks Enterprise Edition, designed for large and growing businesses that have more robust accounting and bookkeeping needs.
NetSuite: NetSuite is the top cloud-based accounting and financial management program available to small and medium businesses. Used by hundreds of thousands of businesses, Netsuite provides full-featured financials, accounting, ERP, and inventory management all in one system, giving you real-time visibility across your entire business. NetSuite provides core accounting features like general ledger, accounts receivable, accounts payable, and revenue recognition. NetSuite accounting also provides expense management and includes a complete audit trail to keep your finances in order. One of the chief benefits of NetSuite is that it has a very robust accounting framework with key financial management features that comply with Sarbanes Oxley requirements. NetSuite Financials is used by hundreds of publicly traded companies and trusted by financial experts across the US. Netsuite specializes in selling software to companies in the software industry as well as in the manufacturing and ecommerce verticals. See our NetSuite review for more information on NetSuite pricing and NetSuite features.
Intacct: Intacct provides cloud based business accounting software and specializes in accounting, revenue management, project accounting, order and billing management, as well as financial reporting. Intacct provides several versions of it’s accounting and financial management software, including Intacct Time and Expenses, Intacct Inventory Management, Intacct Revenue Management, and Intacct Project Accounting. Intacct claims only 4,000 customers.
Freshbooks: Freshbooks is an invoicing is a web-based invocing, time tracking, and billing service. Freshbook Invoicing was their first product and helped the company grow to over 2,000,000 customers worldwide. Freshbooks is based in Canada but serves many small businesses and freelancers in the US. Freshbooks is an entirely free service for the smallest of businesses and but also offers robust paid accounting services at higher price points. Freshbooks will let you process invoices, track time, create estimates, track expenses, and manage your finances. When it comes to accounts receivable accounting, Freshbooks is a great choice. AccountingSoftwareDeals.com also offers a Freshbooks discount code available to all out users–see the link to the discount code.
Outright: Outright offers an easy to use online accounting package with a ton of great bookkeeping, invoicing, estimates, and tax auditing features. Outright claims over 120,000 customers and is a based in California. Outright will give you an instant snapshot of where your business finances stand, can import financial data from your bank, and helps organize your business when it comes to tax time. Outright has very good reviews from freelancers and small businesses that don’t have extensive financial and tax reporting needs.
