Accounting software allows business organizations to keep their accounting records in an organized manner. Additionally, it provides financial management tools like 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 manage all your accounting needs, from tracking inventory to managing cash flow to reporting on tax filings.
There are many accounting software options, each with their own strengths and weaknesses. Some are designed for small businesses and medium-sized businesses while others are meant for larger enterprises.
Quickbooks - Quickbooks, a top accounting software for small to midsize businesses has been around for over 20 years. It's free and offers a variety of features, including invoicing and tax preparation.
GnuCash - This open source app was designed as a substitute for apps such as Quicken, and is available on Linux, GNU, OpenBSD, Android and macOS. It handles invoicing, credit notes, accounts payable and receivable and employee expenses.
Sage - Sage, another popular accounting software, is suitable for small and medium businesses. Although not as comprehensive, it can help you save on accounting and payroll fees.
Certify - Certify allows you to track the expenses of your company. Smart reconciliation tools save time by automatically identifying potential matches between bank statement and invoice or bill.
Deskera Books, a robust and feature-rich cloud-based accounting software that's primarily designed for small and medium businesses. Deskera Books can be a strong system with lots more muscle. It has the usual accounts and finance functions, plus the ability to support multiple currencies for companies dealing with international customers.
FreshBooks is a cloud-based accounting platform that will help you simplify your finances. It's an easy-to-use, double-entry bookkeeping and invoicing system that also includes time tracking capabilities.
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. Although it is more expensive than other options on this list, it can still be worth it if you require more complicated accounting tools.
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'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 also offers a variety of payment methods, which makes it a good choice for small and medium-sized businesses.