Accounting software is used by businesses to organize their financial records and provides financial management tools, such as forecasting and budgeting. These tools are used by businesses to project their future expenses, revenues and to make informed decisions in order to maximize their business' profitability and efficiency.
Whether you are an established or an upcoming enterprise, you need an online accounting system that is easy to use and makes your accounting tasks fuss-free. It should be capable of handling all your accounting needs, including inventory tracking and cash flow management, reporting, and tax filing.
There are many types and versions of accounting software. Each one has its own strengths and features. Some are designed for small businesses and medium-sized businesses while others are meant for larger enterprises.
QuickBooks - A leading accounting software for small and midsize businesses, Quickbooks has been in the market for over 20 years. It's available for free and provides a range of features including invoicing and tax preparation.
GnuCash is an open-source app that was created to replace Quicken. It's available for Linux, GNU and OpenBSD as well as Android, MacOS, iOS, Android, and Linux. It handles invoicing, credit notes, accounts payable and receivable and employee expenses.
Sage - Sage is another well-known accounting program. It's designed for small- and medium-sized businesses. Although not as comprehensive, it can help you save on accounting and payroll fees.
Certify - Certify allows you to track the expenses of your company. Its smart reconciliation tools detect possible matches between bank statements and bills/invoices that have been entered into the software. This will help save you a lot time and money.
Deskera Books - A robust and feature-rich cloud accounting solution that is primarily aimed at small and midsize businesses, Deskera Books is a powerful system with lots of muscle. It offers all the typical accounting and finance functions. For companies that work with international customers, it also has the ability to handle multiple currencies.
FreshBooks is a cloud-based accounting platform that will help you simplify your finances. It features easy-to-use, dual-entry bookkeeping and an invoicing system. Time tracking is also available.
Capium - A newcomer in the UK accounting software market but with a solid reputation for tax and account creation tools. Its pricing is slightly higher than some other solutions on this list, but it can be worth the cost if you need more complex accounting tools.
Kashoo - A 10 year-old cloud accounting software, Kashoo is affordable and has a variety of features that make it suitable for small and medium-sized businesses. It is also well-respected for its simplicity and ease of use.
OneUp Cloud-based Accounting Software - OneUp has been in the business for five-years. OneUp is easy to use and offers a wide variety of automation options that take care about 95%. It offers many payment options which make it a great choice for small to medium-sized businesses.