Accounting software is used by businesses to organize their financial records and provides financial management tools, such as forecasting and budgeting. These tools help businesses to predict their future expenses and revenues in real time and thereby make informed decisions to optimize their business profitability and efficiency.
You need an easy-to-use online accounting system, regardless of whether you're an established business or a new venture. It should be able handle all of your accounting needs from inventory management and cash flow reporting to tax filing.
There are many kinds of accounting software. Each has its strengths and weaknesses. Some are designed for small and midsize businesses. Others are made for growing companies and provide more advanced functionality.
Quickbooks - Quickbooks is a leading accounting software program for small and medium businesses. It has been on the market for more than 20 years. It's completely free and includes a wide range of features such as tax preparation and invoice preparation.
GnuCash: This open-source app is designed to be a replacement for Quicken. It is available on Linux and GNU, OpenBSD. Android and macOS. It manages invoicing, credit notes and accounts payable and receivable.
Sage - Another well-known accounting software, Sage is designed for small and medium-sized businesses. While it's not as extensive as other offerings, it can save you money on payroll and accounting costs.
Certify- This software is a great option if you need to track company expenses. 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, 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 can handle all of the financial functions and also supports multiple currencies for businesses that deal with international customers.
FreshBooks is a cloud-based accounting platform that will help you simplify your finances. It is an easy-to use, double-entry accounting and invoicing solution that also features time tracking.
Capium - Although this is a relatively new company in the UK's accounting software market it has an excellent reputation for its tax and account production 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 - Kashoo, a 10-year-old cloud accounting program, is affordable and offers a range of features that are suitable for small to medium-sized businesses. It also has a good reputation in the industry for offering simple and easy to use accounting software.
OneUp – OneUp is a cloud-based accounting system that has been in use for five years. It's user-friendly and offers many automation features that will take care 95% of your accounting requirements. It is also available in a range of payment options, making it an excellent choice for small and medium-sized companies.