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.
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 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, a top accounting software for small to midsize businesses has been around for over 20 years. It's free, and it offers many features, such as invoicing and tax preparation.
GnuCash, an open source app, was developed to replace Quicken. It handles invoicing, credit notes, accounts payable and receivable and employee expenses.
Sage - Another well-known accounting software, Sage is designed for small and medium-sized businesses. It isn't quite as comprehensive as the others, but it can save your money on accounting and payroll costs.
Certify – If you want to keep track of your company's expenses Certify is the best option. 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 cloud accounting solution with many features that is targeted at small to mid-sized businesses. It provides all the standard accounting and finance functions. Additionally, it can support multiple currencies for international clients.
FreshBooks - If you are a self-employed professional, freelancer or an independent business owner, this cloud-based accounting solution will simplify your finances and help you manage your time and expenses more effectively. It offers easy-to–use, double-entry bookkeeping/invoicing as well as time tracking capabilities.
Capium - This is a newcomer to the UK accounting software market, but it has a good reputation for tax and account production tools. It is priced slightly higher than other solutions on the list, but can be worth the extra cost if your needs are more complex.
Kashoo- Kashoo has been around for 10 years and is cloud-based accounting software. The software is affordable and includes a number of features that can be used by small and medium-sized companies. It is also well-respected for its simplicity and ease of use.
OneUp - OneUp, a cloud-based accounting program that has been around for five years, is user-friendly and provides a range of automation features to take care of 95% your accounting needs. It's also flexible enough to accept payment via a variety of methods, making it an ideal choice for small and mid-sized businesses.