When it comes to have a successful business, it is important to keep your finances in order. As a result, your invoices are sent on time and paid on time. You can also predict cash flow and have a record of your finances in case the IRS needs to consult them. Fortunately, accounting today is much easier than it used to be. There is a wide range of accounting software for business managers rather than accountants, so they are much easier to understand and have almost no need for time to adapt. There are now services that are directly connected to the cloud, allowing you to monitor your business from anywhere on any device you’re connected to. Fortunately, most of them offers a free trial so you can try before you buy.
You will find below the top 5 accounting software in 2020:
Quickbooks is an accounting software created in 1983 in the United States. The SaaS solution has nearly 2.5 million customers worldwide. Quickbooks is an online management and billing software dedicated to entrepreneurs and SMB’s. It is both easy to use and complete, it integrates with different applications like: Receipt Bank, Stripe, Business Importer, PrestaShop, iScanner, Pepperi, Easy Transac, etc.
It offers various features: sending quotes and invoices in an unlimited way, managing sales and purchases, automatic VAT calculation, collaboration with the accountant, etc. The solution is certified anti-fraud, also manages all currencies and adapts to the accounting rules of each specific country.
The price varies according to your needs, starting at 8$ to 45$ per user/ Month.
|Free Trial Available||Not suitable to large companies|
|Detailed Customer Tracking||Invoices must to be entered manually in order to be modified|
|Include a Project Management Feature|
|Easy to use and easy to adapt|
In order to facilitate the accounting process, Sage Accounting offers different products depending on the size of the company. The solution offers the possibility of creating quotes, advanced dashboards, as well as managing cash forecasts. There is also the Sage 50 Cloud Ciel solution, which is a simple and quickly operational accounting management software. This tool is paired with Microsoft Office 365, complies with existing regulations and offers secure mobile access. Integration with Office 365 allows secure sharing and data export in Excel, Outlook, etc. For SMEs, Sage offers Sage 100Cloud Accounting software. It contains all the accounting, budgetary and analytical features. It ensures the dematerialization of invoices as well as the monitoring of debts.
|It is easy to add members and find the accounts of other people||Server often overloaded and Sage is no longer accessible|
|Excellent customer service||The upgrade has an extra cost|
|Free trial Available||Difficult to import data|
|Easy to use; little adaptation time needed||Not compatible with Mac, iPad or iPhone|
|Easy to export to Excel|
Headquartered in California, Zoho Books offers accounting software to small and medium-sized businesses to help them grow and maintain control over their cash flow. After the 14 days of free trial, you can choose between basic ($9/month), Standard ($19/month) or Professional ($29/month), and if you buy the annual package, you get two months free. Even the cheapest package includes bank reconciliation, custom invoices, projects, schedule tracking, expense tracking, sales approval, and recurring transactions.
|Good support||Not suitable for large companies|
|Very affordable||Less integration than those offered by the competition|
|Free trial Available||No payroll service|
|Easy to use; little time to adapt||No budgeting feature|
|Extension Features Available|
|Works in multiple languages|
Wave is a little different from other options, as it is a completely free software. It was voted “Best Free Accounting Software for Businesses” by several companies. This free accounting software has no hidden fees and has as many features as paid software. Users can expect features such as invoice reminders, instant updates for billing, payroll and payments data, revenue and expense tracking, and more. It is also possible to manage multiple companies in one account and accept payments in foreign currency.
|Remains free||Not suitable for large companies|
|Easy to use – nice interface||Not suitable for tax management|
|Good customer service||Slow Loading Time|
|Fast Setup||No Cash Management feature|
|Accepts foreign currency payments|
Odoo is an all-in-one management software, founded in 2015 and suitable for independents and small, medium and large companies. You can choose the apps you need for your business and the price will increase accordingly. The accounting application is $12/month for a user, but you can first test it with the free 14-day trial. With Odoo, you can plan a demo so that your business processes can be audited and your business needs can be analyzed. Time-saving tools include bank timing, easy reconciliation, billing, and invoice and expense management. You can integrate it with other apps, which saves you a lot of time by doing it manually.
|Free Trial Available||Fixing a bug may take some time|
|Easily expandable with more than 7,000 applications||Support and customer service are not very qualitative|
|Easy to use||Limited Features|
|Open source||High monthly costs|
Check our Accounting Software Category for more applications.