Accounting software is used by businesses to organize their financial records and provides financial management tools, such as forecasting and budgeting. These tools can be used to help companies predict future expenses and revenues, and then make informed decisions to improve their business profitability.
An online accounting system is important for all businesses, whether they are established or new. It should be able track inventory, manage cash flow, report and file taxes.
There are many accounting software options, each with their own strengths and weaknesses. Some accounting software are for small or mid-sized businesses. Others are better suited for larger enterprises, and have more advanced functionality.
Quickbooks – Quickbooks is an accounting software that's been used by small and medium-sized businesses for over twenty years. It's free and offers a variety 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 and credit notes as well as accounts payable and receivable.
Sage - Sage, another popular accounting software, is suitable for small and medium businesses. It isn't quite as comprehensive as the others, but it can save your money on accounting and payroll costs.
Certify - Certify allows you to track the expenses of your company. Smart reconciliation tools identify possible matches between bank statements, bills, or invoices you have entered into Certify. This saves you time and can help you save a lot of money.
Deskera Books – A robust, feature-rich cloud accounting system that is primarily targeted at small and medium-sized businesses. Deskera Books is powerful and has a lot of muscle. It provides all the standard accounting and finance functions. Additionally, it can support multiple currencies for international clients.
FreshBooks – If you're a freelancer, self-employed professional or a business owner, this cloud-based accounting system will simplify your finances, and allow you to manage your time and expenses better. It's an easy-to-use, double-entry bookkeeping and invoicing system that also includes time tracking capabilities.
Capium - A newcomer in the UK accounting software market but with a solid reputation for tax and account creation tools. The pricing is slightly more than the other solutions, but it can be a good choice if you need more advanced accounting tools.
Kashoo – Kashoo, a ten-year-old cloud-based accounting system, is very affordable and offers many features that will suit small and medium-sized business. It's also known for its easy-to use accounting software.
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.