If you plan to employ account management software, you are at the right place as today we will discuss the top 10 account management software. Since there are so many options available out there, we have narrowed down the options to get the right one.
So, without any further ado, let’s move forward and look at the best account management software one by one.
10 Best Account Management Software
1. FreshBooks
FreshBooks is an online account management software application that works great for sole proprietors and freelancers. The FreshBooks retainers feature makes it perfect for attorneys, accountants, or any expert who charges their clients a retainer fee.
You can connect with other employees or contractors you work with by allowing a solo version and a team version.
One of the newest additions to FreshBooks is double-entry accounting, a must for a thriving business. Other features discovered in FreshBooks comprise:
- The capability to track time
- ACH payment acceptance.
- Solid invoicing capability.
- The ability to build and manage projects.
2. QuickBooks Desktop
QuickBooks Desktop 2020 introduces several new features that are meant to streamline different processes. These new features cover:
- Enhanced system navigation
- Extended help capability
- Automatic payment reminders sent to previous customers
- Ability to incorporate invoices into a single email
In addition, all QuickBooks versions allow the following features:
a) Invoicing
QuickBooks Desktop extends top-notch invoicing software capability, empowering users to generate a professional invoice for their customers.
b) Inventory
Good inventory tracking ability is available in all QuickBooks Desktop editions, with the capability to track all products sold, cost of goods, and inventory management, involving inventory adjustments.
3. Sage 50cloud Accounting
Sage 50cloud Accounting is a hybrid account management software installed on-premise and comprises an option to connect to the application remotely if needed.
Sage 50cloud Accounting is a great choice for small and growing businesses, with many plans available. In addition, Sage 50cloud Accounting involves a solid inventory module and allows integration with multiple point-of-sale (POS) applications, making it especially suitable for retailers.
4. Xero
Xero is an online account management software that makes it convenient to run it from anywhere. It’s meant for small business owners who don’t desire to spend a lot of time learning to account but desire to stay on top of business performance.
Xero serves great for many niche markets, including retail, e-commerce, IT, legal, and startups. In addition, it can deal with various currencies, making it suitable for you if you conduct business globally.
Xero enables you to do double-entry accounting, along with a default chart of accounts customized if required to be involved in the application.
5. AccountEdge Pro
AccountEdge Pro is one of the top-rated account management software. It’s ideal for small and developing businesses. AccountEdge Pro is an on-premise application that allows the convenience of remote access, letting you quickly through the whole accounting cycle.
Simple integration with Shopify and UPS Shipping proves AccountEdge Pro an especially good fit for online retailers.
AccountEdge Pro extends solid invoicing capability and wonderful time and billing functionality to track billable and non-billable hours. Self-service and full-service payroll is also available, and a trustworthy inventory module lets you efficiently manage your stock. In addition, AccountEdge Pro newly added an automatic bank feed option, enabling you to connect both bank and credit card accounts to the application.
6. AccountingSuite
AccountingSuite extends the features that any small businesses expect from account management software that involves cloud accessibility and dependable accounting capacity. In addition, it further allows bank connectivity with the application to connect with more than 9,000 financial institutions.
You can handle your invoicing in the Sales module and process and settle bills in the Purchases module. In addition, both project and time tracking abilities are given in the application to track projects and profitability. Simultaneously, the time-tracking feature enables you to record the time spent on every project.
7. Zoho Books
If you are a sole proprietor, freelancer, or commencing a brand new business, then ZoHo books are for you. It is affordable even if you have the tightest budget; Zoho Books incorporates a strong inventory management feature and presents new users step-by-step commands for everything from common setup to printing an invoice, making it simple to get your new business set up and running fastly.
Zoho Books extends a long list of features, though most are in the Professional plan. These features include
- Automated workflows,
- Great expense tracking,
- Recurring transactions,
- Project management,
- and the ability to generate custom invoices.
8. OneUp
OneUp is one of the best small business accounting applications. It is perfect for sole proprietors and freelancers; with its robust inventory management module, OneUp is an excellent option for retail businesses.
OneUp is also a great fit for growing businesses, with pricing based solely on different users rather than features. For example, for a single user, the Self plan involves the same features as the Unlimited plan.
9. QuickBooks Online
QuickBooks Online is perhaps the most distinguished of all of the small business accounting applications. However, it is meant exclusively for small businesses; QuickBooks Online allows easy anytime/anywhere access requiring a more robust desktop version.
Suitable for small and growing businesses, QuickBooks Online is usually compared to FreshBooks. It combines with hundreds of third-party applications, making the application suitable for all kinds of businesses.
10. Sage Business Cloud Accounting
It is suitable for sole proprietors and freelancers and further includes solid inventory management, making it a great option for retailers, especially online sellers.
Unfortunately, there is no payroll feature available in Sage Business Cloud Accounting or the third-party app’s integration, so it’s not the best choice for your business if you have workers to pay.
Wrapping it up
In this post, we have seen the 10 best account management software to make your business process more seamless. You can pick any of the software as per your business suitability, affordability and requirements.
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