When you start a business, it is crucial to have accounting software to help manage all aspects of your finances. This article will introduce your business’s 11 best accounting software in 2022.
What is Accounting Software?
Accounting Software is an essential part of any business. It records and reports financial transactions and helps with non-financial tasks like debt collection or payroll writing for small companies that don’t have the resources to do these things themselves.
The cloud-based accounting allows users access from anywhere as long as they’re signed into their account on a device with internet connection capabilities.
11 Best Accounting Software
Intuit QuickBooks Online: Best Overall
QuickBooks is the Accounting Software that most small business owners use. It has been praised for its affordability, ease of use, and effectiveness by accountants.
With QuickBooks Online, small business owners can enjoy an accounting platform that integrates with many other programs and doesn’t require them to break the bank. Connecting your credit card processing provider will help you get all sales data in one place, so there’s no need for spreadsheets or tedious math.
With this Accounting Software, you can easily create professional invoices to send out or accept payments. You’ll also be able to track expenses and stay up-to-date on your cash flow by using the advanced features in their higher-priced plans.
Plooto: Best for Automating Accounts Payable
Plooto is the best Accounting Software for automating accounts payable processes because it’s affordable, low-priced, and easy to use.
Plooto is an innovative payment platform that unites all your finances in one dashboard. Thanks to easy-to-use tools, you can easily view payments, approvals, and reconciliation.
The Plooto software is a full-service accounting and finance solution that includes intelligent approval workflows, secure electronic payments to reduce errors in the accounts payable process, as well as business automation for small businesses looking to collect on past due bills.
Whether you’re a small business owner or just looking for an easy way to manage your finances, Plooto is a perfect choice. The software has affordable plans and integrates with many popular accounts receivable management tools like QuickBooks.
Oracle Netsuite: Best ERP Tools
Oracle’s NetSuite is an excellent choice for small business owners who want a complete picture of their finances with mechanical aspects like accounting. With this software, you can manage all areas from one dashboard, making it our top pick among other programs on the market today.
NetSuite is the perfect solution for companies that need more than just basic accounting. NetSuite offers robust tax management tools, invoicing capabilities, and an easy way to send payments, all while automating specific processes like revenue recognition so you can meet reporting deadlines on time every year.
The features of NetSuite make it challenging to estimate the software’s actual cost. You can get started by filling out this form, but be aware that you will need an expert sales representative or customer success team if your company has more complex needs, especially considering how much work goes into planning for future releases.
FreshBooks: Best for Invoicing
FreshBooks is an excellent choice for small businesses because it offers invoicing and accountancy features. It’s easy to use and has an intuitive interface that lets users of any skill level or computer literacy get started immediately with their business accounting needs in minutes.
FreshBooks is not only the best Accounting Software for invoicing but also intuitive and easy to use. With just a few clicks, you can add billable time or expenses with its simple interface that will have your accountant looking professional in no time at all.
With this Accounting Software, you can connect to your bank and generate several reports. You’ll be able to track time and manage projects easily, thanks partly because of the bonus feature that lets clients pay bills through invoices, which speeds up getting paid. If there are any late payments or reminders about what needs to be done now, then FreshBooks ensures those issues get noticed by notifying its users when such things happen.
Zoho Books: Best for Micro Businesses
Micro businesses often struggle with complicated Accounting Software that is difficult to understand and use. In contrast, Zoho Books provides all of the micro-sized business’s features without any unnecessary bells or whistles. It’s elementary yet powerful enough for even more advanced tasks like project billing & time tracking. Plus, there are integrations, so you can continue using this app as your company grows.
Zoho Books provides an easy solution by allowing you to send invoices from your phone or tablet at any point during a project so long as they’re online (including Apple Watch & Android Smartwatches).
With Zoho Books, you can set up an automatic payment reminder so that your customers are always aware of when their money needs to be paid. It also offers recurring invoices and sends a warning before each invoice is due.
The client portal is an integral part of the Zoho Books experience. It allows your customers to view invoices, make comments and pay online from anywhere in a secure environment. This is a beneficial feature for businesses that work closely with their clients on projects. If you want customer feedback, you can set up the portal to allow them to review your services.
ZarMoney: Best for Transparent Pricing
ZarMoney is the best Accounting Software because it’s transparent with pricing. There are no hidden fees or tricks to get you on board, just clear plans that fit any budget – from small businesses who need something functional for their needs up to large corporations looking at this as an investment worth making to improve internal efficiency and profitability.
ZarMoney’s pricing plans are tailored to suit the needs of entrepreneurs, small businesses, and enterprises. The Entrepreneur plan costs $15 per user, with unlimited transactions allowed on this service for one year; it also comes with customer support in America. In comparison, there is a Small Business package available that supports up to 30 people at once (costing around 20$month) and larger packages depending upon your company size – Zarmoney will work out an affordable price based on what you need.
ZarMoney provides a wide range of tools for small businesses to manage their finances in an organized manner. The software’s account receivable solutions allow you the flexibility and convenience that come with collecting estimates or sales, accepting online credit card payments without having chargebacks on your balance sheet (and lessening risk), and giving discounts like early payment via email notifications.
GoDaddy: Best for Online Merchants
GoDaddy Online Bookkeeping is the best small business Accounting Software for online merchants. With integrations with marketplaces such as Amazon and Etsy, you can send invoices quickly to accept payments easily without having an expensive processor or complex settings network that other programs might require – all at a price most businesses could afford.
GoDaddy Online Bookkeeping is an easy-to-use tool that helps business owners track their data in one location. You can import all of your accounts from Amazon, eBay, and Etsy for a quick filing job with PayPal’s help too.
This Accounting Software has all the features that small business owners need to grow their companies, including an easy-to-use interface and the ability to send invoices or estimates. It also allows you to process payments through your mobile device, schedule recurring expenses, and invoices, and track mileage and time.
GoDaddy has three affordable pricing plans. The basic plan is $4.99 a month, the mid-tier goal is $9.99 a month, and the premium plan is $14.99 a month.
Wave Financial: Best Free Accounting Software
Wave Financial has made many important features available for free. You connect your bank accounts in real-time with payroll and invoicing capabilities.
You’ll never have to worry about monthly or annual fees, nor do you need software licenses. All of the services are completely free unless you select some add-on options.
Wave integrates with hundreds of apps and offers access to reports on expenses, profit/losses, and other metrics that will help you manage your business more effectively.
Small business owners looking for an easy-to-use and comprehensive accounting platform that doesn’t require paying should consider using Wave. The features included in the software make it comparable with some of the best-paid programs while still being completely free.
Sage Business Cloud Accounting: Best for Freelancers
If you’re a freelancer or self-employed person with a low monthly income, it’s vital to have an affordable accounting program to help send invoices and get paid. Sage Business Cloud Accounting offers this as well as much more.
Create professional invoices with the click of a button and keep track of your finances in real time. Sage Business Cloud Accounting is inexpensive Accounting Software that packs quite a punch.
For just $25 per month, this service will give your company access to invoices for payment processing and reports about cash flow forecast analysis.
Xero: Best for Growing Businesses
Xero is the perfect fit for any business looking to grow. It has been designed from scratch with scalability in mind, and its interface will update seamlessly as you add new features or functions to your day-to-day workflow.
Xero offers some subscription plans to suit your business’s needs. With unlimited users and all the features you need, XEROs’ low rates make it affordable for any size company.
Xero is a great tool to help propel your business in the right direction. With 50+ reports, including profit and loss statements and general ledger tracking capabilities, you can easily monitor inventory levels throughout different stages of production or sale. Thanks again for Xeo’s impressive feature set.
Xero provides a mobile-friendly user interface with an intuitive dashboard that makes it easy for anyone to use. The interactive features allow you to keep track of your invoices, bills, and payments all in one place, so there’s no need to worry about missing payment again.
Melio: Best for Processing Accounts Payable
Melio is a great option for small businesses that need to send invoices and receive payments. This free accounts payable software can help you manage bills, integrate with QuickBooks (for an extra fee), and make or accept transactions at the touch of a button.
Melio is a Accounting Software that makes it easy to manage vendors and payments. It has quick integrations, allowing you to add new ones by entering their information manually or uploading files with dates/invoices snapped via the app. You can also give permission levels so nobody else, but yourself has access at any given moment – if necessary, MeliOs is equipped with enough features for an account.
With this cloud-based software, there’s no charge to make payments through a bank transfer, but there is a 2.9% fee to pay by credit card. It’s free to accept payments from clients via check or bank transfer.
Melio helps you manage your cash flow better by setting approval controls for transactions, thus preventing overextending yourself or having a shortage of money because it was paid early.
So, what is the best accounting software for 2022? It depends on your needs and preferences. However, we recommend that you try out a few of the most popular programs to see which one works best for you. With so many options available, there’s sure to be a program that meets your specific requirements.