Accounting Software

Accounting software is an accounting and finance solution designed to automate cash management, receipts tracking, sales tax reporting and general accounting, accounting entries, outsourcing, balance sheet, income statement, etc.

Professional group :
Accounting & Finance
Operations Management
Sales & Customer Management
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Impact
Category :
Accounting
Billing and Invoicing
Subscription Management
Payment Gateway
Expense Management
Accounts Payable
Corporate travel management
Financial Reporting
Risk Management
Contractor Management
Treasury Management System
Payment Processing
Bank reconciliation
Cash Register
Debt Collection
Audit
Purchasing
Trading
Asset Tracking
Investment Management
Financial Fraud Detection
Trust Accounting
Compliance
Financial Risk Management
Accounts Receivable
Budgeting Software
Anti-Money Laundering
Tax Management
Revenue Cycle Management
Mortgage and Loans
Billing and Provisioning
Utility Billing
Order Entry
Enterprise Asset Management (EAM)
Business Card
Business relationship management
Online Bookkeeping Services
Budget Management
Accounts Receivable Automation
Management Control
Job Costing & Cost Management

Our selection of 45 accounting software

FreshBooks
4.5
Based on +200 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
All-In-One Small Business Invoicing and Accounting Solution
Learn more about FreshBooks

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Patriot Accounting
4.7
Based on +200 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
SaaS Accounting Software
Learn more about Patriot Accounting

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
N2F
5.0
Based on 10 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
Paperless Expense Reports Management
Learn more about N2F

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Axonaut
No user review
The Best all-in-one solution for small businesses
Learn more about Axonaut

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Atoo-Sync GesCom
No user review
Connect your webstore to your invoicing application
Learn more about Atoo-Sync GesCom

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Eurécia Notes de frais
No user review
Refund business expenses easily
Learn more about Eurécia Notes de frais

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
EZEE Compta
No user review
Automated your accounting
Learn more about EZEE Compta

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
FreeAgent
4.4
Based on +200 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
Accounting software simplified
Learn more about FreeAgent

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Xero
4.2
Based on +200 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
Online Accounting Software for Small Businesses
Learn more about Xero

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Azopio
No user review
Collect and Connect your documents to the Cloud
Learn more about Azopio

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Momenteo
4.6
Based on 39 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
Accounting Software for Freelancers
Learn more about Momenteo

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Odoo Accounting
3.8
Based on 108 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
Accounting Suite of the most complete ERP on the market
Learn more about Odoo Accounting

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Ramco ERP
4.0
Based on 92 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
Accounting Software company
Learn more about Ramco ERP

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Dext
No user review
Manage your supplier invoices in one click
Learn more about Dext

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
GnuCash
4.5
Based on 88 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
Open Source Accounting Software
Learn more about GnuCash

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Sage Business cloud accounting
4.1
Based on +200 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
All accounting with the convenience of the cloud
Learn more about Sage Business cloud accounting

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Sorted
5.0
Based on 4 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
Freelancer accounting software
Learn more about Sorted

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Payhawk
4.7
Based on 103 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
Тhe financial system of tomorrow
Learn more about Payhawk

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
Skrooge
No user review
Free open source accounting software
Learn more about Skrooge

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility
QuickBooks
4.3
Based on +200 reviews
Appvizer calculates this overall rating to make your search for the best software easier. We've based it on user-generated verified reviews on industry-leading websites.
The world's leading accounting software for small businesses
Learn more about QuickBooks

Features

Accounting
Security & Confidentiality
Billing & Invoicing
Support
Expenses
Mobility

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Accounting software: purchase guide

What is Accounting Software?

Definition

Accounting software is an IT solution that facilitates bookkeeping and financial management for companies. It can range from simple quotes, invoices and cash management all the way to most general accounting tasks.

How does it work?

Accounting software is designed to automate and internalize all or a part of the services of your accounting department (debit and credit accounting, financial advice, accounting documents) as well as routine administrative tasks (quotes, invoices, voucher orders, supply management, collection of invoices and expense reports, tracking payments, payroll, etc.).

Accounting software focuses on financial aspects of your business, this is why it is different from commercial management software and invoicing software. Moreover, it interprets the financial impact of current operations. And, it is particularly recommended for small companies (startups, small businesses, self-employed, etc.) and medium-sized companies, SME's, that need to keep track of transactions on their bank account or the state of their finances in real-time.

Main Features of an Accounting Software

The features of accounting software play a key role in the commercial development of your business.

Make Simplified Payments via a Paperless Platform

To facilitate exchanges between your partners or customers and your business, some accounting software applications offer the possibility to make payments via an electronic payment platform. The transactions of your accounts are directly integrated into your accounting records to automate bank reconciliation and lettering. These exchanges are completely secure which allows you to make payments without worries.

Commercial Management and Billing

Accounting software integrated into a customer relationship management (CRM) system goes a step further by simplifying commercial management (quotes and automated invoices). In some cases, you can also conduct inventory management.

Whether you are self-employed, an artisan or a commercial business, self-manager, very small business, SME, large business, you will be able to keep track of your accounting to be fully aware of your business's financial status. In line with the work of your accounting department, you can better fill out your balance sheet, income statement and general appendix with much greater ease by regularly updating your accounting software.

Who uses Accounting Software?

Any business starting from one person upwards must use accounting software, even if it is only for estimates & invoices, payments and the follow-up of late payments. Medium-sized companies use accounting software as a financial management tool. Finally, larger companies use accounting software to internalize all of their accounting processes.

Why use Accounting Software in Business?

Benefits of Online Accounting Software

Using accounting software ensures efficient response to needs in general accounting and offers the possibility to analyze your results, cost accounting. Which is much more convenient than Excel, accounting software:

  • Saves time by automating common accounting operations
  • Allows you to reduce your accounting costs by internalizing services provided by external accountants
  • Makes balance sheets dramatically easier
  • Helps track third-party accounts
  • Ensures compliance with legal obligations, per laws and regulations from the IRS and overall tax code 
  • Monitor incoming and outgoing payments to and from your bank account as well as fixed assets on a daily basis
  • Updates accounting documents whenever they are modified in the general ledger
  • May be used in conjunction with the work of a certified public accountant. Some programs give your accountant access to your corporate accounts so that they can take care of your business's accounting by taking into consideration the data integrated into your online software.
  • Easier Tax and Sales tax reporting process.
  • Helps you make the right decisions by having a realistic view of the state of your business's finances, but also by allowing you to project new investments.
  • Keeps you up to date: SaaS accounting software, online, does not depend on your operating system and updates are done automatically.

Cons

  • Open Source accounting software does not always comply with the latest financial regulations.

How to Choose?

Criteria

Here are some important features to consider when choosing the right accounting software:

  • Good interface ergonomics: It should be easy to understand and very simple to use. Online accounting programs are becoming more and more intuitive. Therefore, it is essential to avoid choosing a commercial management software that only complicates your accounting further. 
  • Entering accounting entries: This is the main action of your accounting software and this should be done quickly so you do not waste your time on a daily basis with data input. Opt for basic data entry with the possibility to import and export your data so that you can use the figures if you are in a meeting or with your accountant who will be able to do bank reconciliations more easily.
  • Third-party account monitoring: It is important to stay up-to-date on transactions between your business, your partners and your employees.
  • Sales Tax return if your business is concerned. 
  • The creation of forecasts: this helps you stay informed about the possibilities of your business and gives you a long-term view of the potential development of your business.
  • The ability to export accounting entries and to develop a tax package more easily.
  • The dashboard gives a synthetic view of the accounting situation of the business
  • Price- how much you pay for an accounting software is personal to your business, depending on the size and how much you are willing to spend. We'd recommend taking a look if the program is a subscription, most likely month to month, or if it's a one time fee, and what kind of options they include for the number of employees you have, if you have to pay extra for additional licenses. Furthermore, looking at the features they include for each plan, free, basic, premium, etc., 

What are the most commonly used accounting software? 

Accounting software plays a strategic role in the decision-making process. It takes into account: production cost, ROI and margins, etc. For external partners, it is used to provide a vision of the potential evolution of your business's value: balance sheet, income statement, cash flow. Discover our accounting guides today!