The Best Accounting Software For Accountants
As an accountant, accounting software is an important tool to work effectively and accurately. However, the large number of available accounting software makes it difficult to choose. The struggle is to decipher a full-featured type giving value for money, and functioning optimally. We've discussed with seasoned accountants and narrowed down the best five available.
Be sure to visit the company page of each of these software plans to learn more about their full service and decide which fits your scope of work and budget.
Quickbooks Desktop Premier
The QuickBooks desktop premier outperforms other types of QuickBooks software designed for accounting purposes. A locally installed software with an improved integrated system capable of running complex and multiple accounting processes.
Up to 5 people can access it and there are industry-specific features. The reporting style is detailed and complex. It's especially suitable for accountants but may take some time for an amateur to fully grasp the system.
Accountants can track expenses, generate invoices, and generate complex reports all at a three-year price tag of $649.99. The license expires after three years and must be renewed for continued access to the tool.
Xero is cloud-based accounting software that allows unlimited users. It comes with numerous features making it suitable for accountants working in medium and large firms. With over 16 million users comprising of regular business owners and professionals in accounting, Xero is a recognized and top brand.
Alongside a strong accounting system, the reporting feature is complex and ideal for professional use. Xero's pricing plan makes it accessible to accountants with different types of budgets and scope of work.
The smallest fee for a month is pegged at $9 but comes with several limitations (20 transactions and five invoices and bills) only suitable for small-scale accounting. Other improved plans are $30 and $60 with unlimited access and multi-currency support for the highest plan.
Sage 50cloud has been around for a while. Despite the change in name over the years, the functionality is still top-notch. Sage is one of the few customizable accounting software on the market although this feature comes at a cost.
This accounting tool is not suitable for amateurs or accountants finding their feet. Only experienced accountants can navigate and effectively use Sage. Sage 50 Cloud pricing plans vary from single small users to advanced and large-scale accounting processes. First is a $50 one-month plan, a five-user $78.21 user one-month plan, and the comprehensive 40 users plan at almost $200. Some of the features are; budgets, cash flow manager, year-end wizard, journal entries, job costing, and more.
FreshBooks, a Canadian-based accounting software firm offers easy access to accounting- systems to users across all platforms. Cloud-based software that functions seamlessly on all types of devices.
It works brilliantly on Android and iOS devices to perform a long list of functions. It gives payment reminders, customizable reoccurring invoices, online credit card payments, tax calculations, and a multi-currency system.
FreshBooks' affordable plans include a $6, $10, and $20 charge. And each has varying access and benefits. With FreshBooks, all categories of users -- greenhorns and experts can effectively manage financial accounts.
AccountEdge has been around for some time. With decades of accounting services, AccountEdge now comes with a couple of improvements for enhanced performance. It has robust features and high-grade reporting capability that makes it especially suitable for advanced or experienced accountants.
This piece of complex accounting software may be too difficult for an inexperienced accountant or an amateur business owner. A few AccountEdge features include processing payment, inventory management, full-service payroll, and direct deposit among other features.
The pricing is $149 one-time charge and $199 for a user per year. Then a $399 one-time charge and $199 per year. The second plan comes with more features since it's a Pro version.