Accounting software is the best way to deal with financial issues which are mostly happened in everyone’s financial journey.
This accounting software is used by individuals and business owners to track their finances after entering their income and expenses.
In manual processing management, finances are hard and time-consuming, so by using accounting software you can take care of your finances and avoid mistakes.
There is plenty of different accounting software available and I have gathered the 15 Best accounting software for you.
15 Best Accounting Software and Apps 2022
FreshBooks is the best accounting software that is primarily focused on small and medium-sized businesses. It was founded in 2003 and is based in Toronto, Canada.
It uses cloud-based accounting and invoice software and it can be accessed by iPhone, and Android as an app.
The software is very easy to use for business owners and its primary function is to send, receive, print, and pay invoices.
- Online credit card payments
- Payments reminders are available
- User-friendly interface
- Primary functions are to send, receive, print, and pay invoices
2. Intuit QuickBooks
Intuit QuickBooks is another best accounting software that is developed and marketed by Intuit. It is a cloud-based software.
The app is primarily focused on small and medium-sized businesses and the accounting software is used by over seven million businesses.
It is very easy to use for business owners and you don’t need any accounting experience to use that accounting software.
Intuit QuickBooks Features:
- Cloud-based software
- Used by over seven million businesses
- User-friendly and easy to use
- Track expenses in one place
- Mobile app
3. Oracle NetSuite
Oracle NetSuite is a full-featured accounting and enterprise resource planning (ERP) tool that is completely for businesses.
Here you can make and receive payments, run a slew of reports and manage taxes and you can manage all sorts of stuff at one dashboard.
It has embraced automation making it easy to send invoices and receive payments, and it has robust tax management tools that support all currencies and exchange rates.
Oracle NetSuite Features:
- ERP tools are available
- Easy to make and receive payments
- You can manage all stuff in one dashboard
- Supports all currencies and exchange rates
- Revenue recognition management solution
4. Sage Business Cloud Accounting
Sage Business Cloud Accounting is a global brand formally known as sage one and offers online accounting and business services.
In my opinion, this is the best accounting software among all other software because of its flexibility to track payments and automatically reconcile bank entries.
This Accounting app is primarily focused on freelancers and self-employed individuals who want to manage their finances.
Sage Business Cloud Accounting Features:
- Offers online accounting and business services
- Easy to track payments
- Focused on freelancers and self-employed individuals
- You can create and send invoices
- Free 30-day trial
If you are looking for accounts software for micro-businesses that are very simple and easy to use and has a clean interface.
Businesses can collect payment online from customers through Xero’s integration with Stripe and GoCardless.
This business accounting software is popular in New Zealand, Australia, and the United Kingdom and now has 3 million subscribers worldwide.
- Best for micro-businesses
- Very easy and simple to use
- Businesses can easily collect payments online
- Mobile app
Wave is another Accounting software for accountants and it is a platform for a service-based small business that sends simple invoices and doesn’t need to run payroll.
It is the accounting software that is focused on freelancers and service-based businesses, its free features manage their finances.
In my opinion, it is the best account software for beginners who don’t have any knowledge related to finances.
- Service-based small business
- Easy to send invoices
- Fully focused on freelancers
- Completely free to use
- Run multiple businesses in one account
If you are looking for the best accounting software for small businesses then Plooto is the fully-fledged small business software.
This payment platform lets you manage payments, approvals, reconciliation, and reporting from one central location.
It enables businesses to automate their domestic and international accounts payable and accounts receivable functions by unifying payments, processes, control, and reporting.
- Fully fledges small business software
- Lets you manage payments, approvals, reconciliation, and reporting
- Easy to automate domestic and international accounts
- Plooto syncs with only QuickBooks and Xero
- It speeds up the accounts payable process
8. Zoho Books
If you are looking for software that lets you track your finances, create invoices, and collaborate with your accountant in real-time then Zoho Books is the best accounting software in the world.
It includes many products including accounting software, customer relationship management (CRM), inventory control, and human resource management software.
This Accounting app is affordable for everyone and very easy to use and even it has free versions to use so you can access it for free.
Zoho Books Features:
- Automation for bank feeds
- 40 app integrations
- It requires no accounting knowledge and can be easily set up
- Tax compliance and audit reports
- Reconcile bank transactions
If you don’t want some serious account software and you just need to send invoices and receive payments, then Melio is the best accounting software for you.
Here you can make and accept payments, manage bills and integrate with QuickBooks for free which makes it easy for you to use the app.
You can smoothly schedule and track payments and control who has access to your accounts payable and receivables.
- Offers you to send invoices and receive payment
- Easy to make and accept payments
- Easy to schedule
- You can track payments
- You can access your accounts payable and receivables.
GoDaddy enables business owners to track all their data in one location. You can import your accounts from, eBay, Etsy, PayPal, and Amazon, and run a slide of reports to give you real-time data and deep understanding and analysis.
It is also cloud-based, so here you don’t need to download anything you just need to do is sign in and use it.
This Accounting software has many features which make it the best accounting small business software like the ability to send invoices and estimates, process payments via a mobile device, and many more.
- You can track mileage and time
- Schedule recurring invoices
- Process payments via a mobile device
- Ability to send invoices and estimates
- Import your accounts from eBay, Etsy,PayPal and Amazon
If you are looking for software that clearly lays out pricing then ZarMoney is the best accounting software for you.
The company’s website states exactly how much you’ll pay monthly, which is why we chose it as our pick for best account software for transparent pricing.
It ties with more than 9,600 banks in the U.S. and Canada to automatically import bank transactions.
- Clearly lays out pricing
- Transparent pricing
- Ties with more than 9,600 banks in the U.S.
- Easy to import bank transactions
- Accounting features at an affordable rate
Vyapar is the simplest GST-ready inventory and accounting software for small businesses and also offers you customized batches.
Vyapar is user-friendly, and you don’t have to waste time learning it. It helps you manage your business digitally, even without accounting knowledge.
The Accounting app offers you many features like Expense tracking, cheques, receivables/payables, total stock value, payment reminders, etc.
- GST-ready inventory
- Easy to manage your business digital
- Offers everything without the internet
- Expense tracking, cheques, receivables/payables, total stock value, and payment reminders are available
13. Tipalti Approve
Tipalti Approve cloud payment automation and management software that helps simplify global mass payments.
Here you can use payments in more than 190 countries, use 120 currency options, and rely on six payment forms, including PayPal, wire, local bank transfer, and debit cards.
And even the software simplifies the daily task of ensuring that your company’s financial data and processes are timely, accurate, and easy to understand.
Tipalti Approve Features:
- Cloud payment automation
- Accept more than 190 countries
- Processing is timely, accurate, and easy to understand
- Six payment methods are available
- Flexible payment reconciliation
AvidXchange is a complete invoice management and payment automation system built for businesses of all sizes.
It is furnished with features for paperless invoicing, purchase order automation, as well as payment processing to help you streamline accounting operations.
The Accounting app comes in a user-friendly way and highly configurable interface. And it makes it easy for you to see accounts payable processes.
- Invoice management
- Payment automation is available
- Available for all businesses
- Purchase order automation
- User friendly
Rossum is a robust cloud-based platform designed to streamline account payable processes from importing documents.
It helps you to collect and capture data, purchase order matching, and invoice processing and makes it easy for your payable processes.
This accounting software system is powered by a self-learning AI engine that automates various essential processes, thus reducing manual efforts and human error.
- Cloud-based platform
- Account payable processes
- Self-learning AI engine
- Automates various critical processes
- OCR system
Accounting Software FAQ
The majority of businesses, even the very smallest, use some form of accounting software. While it’s still absolutely valid to run your business accounts on paper or using Excel, there may be advantages to switching to dedicated software. For instance: It Saves time, Makes better decisions, Fewer headaches.
Yes, it is secure to store your financial data in the cloud. However, you need to make sure that the accounting software that you choose is trustworthy with a good track record.
Free accounting software can be totally adequate if your business only needs to perform basic tasks, such as raising invoices.
Certainly! Most accounting solutions provide a mobile app free of charge usually for iOS and Android platforms.
Accounting Standards play an essential role in preparing a good and accurate financial report. It ensures reliability and relevance in financial reports.