The 11 Best Accounting Software [Bookkeeping Software Review]

By Sruthy

By Sruthy

Sruthy, with her 10+ years of experience, is a dynamic professional who seamlessly blends her creative soul with technical prowess. With a Technical Degree in Graphics Design and Communications and a Bachelor’s Degree in Electronics and Communication, she brings a unique combination of artistic flair…

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Updated January 29, 2025

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This tutorial compares the best Accounting Software. Select the Bookkeeping Software that meets your needs:

Accounting software saves time and hassles in recording financial transactions. Using the accounting app allows accounting personnel and business owners to focus on strategic aspects of managing a business.

It automates the task of generating financial reports that help business owners to make an informed decision regarding the business.

Selecting an accounting app is not easy. There is a plethora of different accounting software available with diverse features. In this guide, we have reviewed 11 best accounting tools including information about price, best features, and target users.

Top Accounting Software

Accounting Software

Fact Check: The accounting software market size is expected to grow from $5.7 billion in 2017 to about $11.7 billion by 2026. The CAGR between 2018 and 2026 is expected to be 8.6 percent.

Top 7 Accounting Software according to Capterra:Capterra data

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Pro-Tip: Different accounting app has features that are designed for specific users. You should select an accounting app with features that meet your requirements. Download a trial version if available to test the software before purchasing it.
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List of Top Accounting Software

Here is a list of popular Business Accounting Software:

  1. FreshBooks
  2. Zoho Books
  3. QuickBooks Intuit
  4. Striven
  5. Incfile
  6. ZenBusiness
  7. Quicken
  8. Bill.com
  9. Wave
  10. Xero
  11. Pabbly
  12. Sage 50cloud
  13. AccountingEdge
  14. Kashoo
  15. OneUp
  16. GoDaddy Bookkeeping

Comparing The BEST Bookkeeping Software

Tool NameBest ForFeaturesPriceFree TrialRatings
*****
FreshBooks

FreshBooks
Independent contractors and small business owners.· Payment and invoice management
· Automated transactions
· Late fees scheduler
· Automated bank import
Lite ($6 per month), Plus ($10 per month), Premium ($20 per month)30 days5/5
Zoho Books

Zoho Books
Business owners who want to track expenses & automate workflows.Invoicing & expenses, Tax payments, inventory, etc. It starts at $15 per organization per month. Available for 14 days. 5/5
QuickBooks Intuit

Intuit QuickBooks
Accounting, invoicing, inventory management, & taxation for self-employed & small to midsize businesses.· Invoicing,
· Payroll,
· Taxation,
· Multi-currency support, etc.
It starts at $12.50 per month. Available for 30 days. 5/5
Striven

Striven Logo
Cloud accountingManage purchasing process,
Robust financial report generation,
Bank information reconciliation
Standard: Starts at $20/user for up to 20 users,
Enterprise: Starts at $40/user for up to 20 users
7 days4.5/5
Incfile

logo 1
Small business bookkeeping and accountingCompliance Assistance, Business and Personal Tax Filing, Monthly and Quarterly Bookkeeping, Link up to 4 bank accounts
Starts at $90/monthFree consulting4.5/5
ZenBusiness

ZenBusiness Logo
Helping Small Businesses with accounting and bookkeeping· Invoice and Payment Management
· Track Revenue and Expenses
· Tag Tax Deductions
Call for quote1 month trial for the ZenBusiness money software.5/5
Quicken

quicken
Streamlining financeTax optimization, document storage, customizable invoicingStarts at $2.39/monthFree Trial for 30 days4.5/5
Bill.com


Bill.com Logo
Smart AP and AR automation and new bill payment capabilities.Standard approval workflows, log payment-related activities, etc. It starts at $39 per user per month. Available5/5
Wave

Wave - Logo
Invoice, accounts, and cashflow management for free.· Invoice management
· Cash flow management
· Payroll
· Purchases
FreeN/A4/5
Xero

Xero - Logo
Small and medium-sized businesses.· Track expenses
· Sales invoice
· Pay bills
· Multiple currency support
Starter ($20 per month), Standard ($30 per month), and Premium ($40 per month)30-day trial5/5
Pabbly

Pabbly - Logo
Basic accounting and expense tracking for small business owners.· Recurring billing and subscriptions
· Invoice management
· Expense Tracking
Starter ($19 per month), Rookie ($37 per month), Pro ($57 per month), and Advanced ($79 per month).14 days5/5
Sage50cloud

Sage - Logo
Basic and advanced accounting for small and medium sized businesses.· Inventory
· Taxes
· Budgeting
· Cash flow
· Invoicing
Pro Accounting ($50.58 per month), Premium($78.25 per month), Quantum Accounting ($131.66 per month)30 days4/5

Review of business accounting software:

#1) FreshBooks

Best for independent contractors and business owners.

FreshBooks - Dashboard

FreshBooks is affordable accounting software for businesses and self-employed individuals. There are lots of features for recording, monitoring, and managing expenses and invoices.

Further reading =>> FreshBooks vs QuickBooks – A Comparison

Features:

  • Payment and invoice management
  • Automated transactions
  • Late fees scheduler
  • Automated bank import

Cons: Lack of inventory management features.

Verdict: FreshBooks is simple-to-use accounting software. The application has all the basic features required for managing the software. It is also affordably priced for businesses and self-employed individuals.

Price: FreshBooks is available in different packages. You can select Lite ($6 per month), Plus ($10 per month), Premium ($20 per month), and custom packages. You can try the software for free for up to 30 days.

Here are the details of the different FreshBooks packages:

FreshBooks - Pricing

#2) Zoho Books

Best for business owners who want to track expenses and automate workflows.

ZohoBooks - Dashboard

Zoho Books is comprehensive accounting software for businesses. The software has a lot of features that will meet the needs of different sizes of businesses and individuals. It supports multiple contacts, users, and workflows. Additionally, the software application can integrate with dozens of popular CRM and eCommerce apps.

Features:

  • Invoicing and expenses
  • Estimates
  • Inventory
  • Projects
  • Tax payments

Cons: No multi-currency support

Verdict: ZohoBooks is one of the best value business accounting tools. The basic version of the software is affordable and packaged with features. Businesses with advanced accounting features can select the professional version.

Price: Zoho Books is available in three packages. The Basic package is $9 per month and comes with features such as 50 contacts, 2 users, 5 automated workflows, bank reconciliation, custom invoices, expense, recurring transactions, sales approval, and budgeting.

The Standard version costs $19 per month that supports 500 contacts, 3 users, 10 workflows, and has additional features like bills management, vendor credits, reporting tags, purchase approval, and Twillo integration.

The Premium package costs $29 per month that supports 500+ contacts, 3 users, 10 workflows, and comes with advanced features like purchase orders, sales orders, stock tracking, custom domain, and vendor portal. You can also try the software for 14-days.

ZohoBooks - Pricing

#3) QuickBooks Intuit

Best for accounting, invoicing, inventory management, and taxation for self-employed consultants, and small and medium-sized businesses.

Quickbooks - Dashboard

QuickBooks Intuit is a highly popular accounting software using by millions of businesses. The software offers a comprehensive list of features that makes it ideal for small and medium-sized businesses. There is also a limited feature software designed for self-employed and contractors.

Features:

  • Invoicing
  • Payroll
  • Taxation
  • Multi-currency support
  • Integration with PayPal, Shopify, Square, and dozens of other apps

Cons:

  • Slow response during peak times
  • Poor navigation

Verdict: QuickBooks is one of the most popular accounting software for businesses. The software has loads of features that are targeted to different users.

Price: QuickBooks is offered in three versions. The Simple Start package costs $20 per month that comes with features such as record financial transactions, invoicing, store receipts, track mileage, integration with banks, track GST, cash flow planner, and payroll for 4 staff.

The Essentials package costs $35 per month that contains all the features of the basic package plus additional features like payroll of 7 staff, multi-currency support, managing bills and suppliers, recurring transactions, and up to 3 users support.

The Plus package costs $50 per month that comes with advanced features like payroll of up to 10 staff, 5users support, inventory tracking, project tracking, and budget planner.

Quickbooks - Pricing

#4) Striven

Best for Cloud accounting.

Striven Accounting

Striven is a tool you can use to gain a 360 degree perspective of your company’s finances. It can streamline almost all crucial aspects of your business’s accounting process starting from billing to invoicing and purchasing.

Features:

  • Manage purchasing process
  • Robust financial report generation
  • Bank information reconciliation
  • Payroll management

Cons:

  • Beginners may have issue setting up the tool initially.

Verdict: From simplifying key accounting tasks to acquainting users with accurate financial information in a timely fashion, Striven offers an accounting software that is equal parts efficient and advanced.

Price: The pricing plans are as follows:

  • Standard: Starts at $20/user for up to 20 users
  • Enterprise: Starts at $40/user for up to 20 users

A 7-day free trial is also available.


#5) Incfile

Best for Small business bookkeeping and accounting.

incfile

Incfile offers bookkeeping and accounting services tailored to your business’s specific needs. The low monthly cost makes it an enticing option for small start-ups and enterprises that have limited funds. The experts behind Incfile will file both personal and business taxes at your behest.

You also get advice and one-on-one support from dedicated Tax and bookkeeping pros by email, chat, phone via your Incfile personal dashboard. Plus, Incfile also affords you the privilege of accessing key financial reports via your mobile from anywhere you wish.

Features:

  • Compliance Assistance
  • Business and Personal Tax Filing
  • Monthly and Quarterly Bookkeeping
  • Link up to 4 bank accounts

Cons:

  • Customer support response can be slow

Verdict: With Incfile, you benefit from hands-on support offered by financial specialists who can handle your bookkeeping, accounting and tax-related tasks with ease. You can save a ton of money and time on accounting with Incfile by your side.

Price: Plans starts at $90/month. The price you can expect to pay will depend on entity type and state of formation.


#6) ZenBusiness

Best for Helping Small Businesses with accounting and Bookkeeping.

ZenBusiness

ZenBusiness is home to a seasoned team of accounting and bookkeeping professionals who know exactly how to manage a business’s finance. These professionals can save you a lot of time and money by handling the financial aspects of your business in an effective and efficient manner.

You can also rely on ZenBusiness for other matters concerning your small business, like its registration, finding funding, and ensuring the business stays compliant with all the necessary rules and regulations.

Features:

  • Invoice and Payment Management
  • Track Revenue and Expenses
  • Tag Tax Deductions
  • Get real-time insights into business finances

Cons:

  • Little clarity on their rates up-front would’ve been nice.

Verdict: ZenBusiness serves as an ideal business partner for small enterprises and start-ups that seek help with their bookkeeping, accounting, and taxes.

Price: Call for a quote


#7) Quicken

Best for Streamlining finance

Quicken

Quicken is a software that helps you view and manage your finances across multiple bank accounts, income sources, credit cards, and more. It arms you with built-in customizable reports on income, debt, and expenses so you can have complete control over your finances. 

Features:

  • Built-In Customizable Reporting
  • Tax optimization
  • Customizable invoicing
  • Document storage
  • Connect directly to billers

Cons:

  • Some people have complained about facing trouble while importing transactions.

Verdict: Simple to deploy, easy to use, and loaded with features, Quicken is a good accounting software, especially if you wish for more control and visibility over all your finances. This is a tool I would recommend to small businesses for its affordable price. 

Price: Quicken is available for purchase in two editions. The mobile and web-app based Quicken Simplifi will cost you $2.39/month. The desktop based Quicken Classic’s Deluxe version can be purchased for $2.99/month while its premier counterpart will cost you $4.19/month.

Free Trial available for 30 days, afterward the price will be $5.99/month only. This offer is valid from September 3, 2024 – October 3, 2024.


#8) Bill.com

Best for smart AP and AR automation and new bill payment capabilities.

Bill.com

Bill.com offers a cloud-based solution to automate Accounts Payable and Accounts Receivable. It contains new bill payment capabilities. It provides an integrated platform that will let you connect your payment accounts and accounting tools for automating payments from start to finish.

Features:

  • Bill.com offers smart features like automatic data entry.
  • It can detect duplicate invoices.
  • It supports new payment options like ACH, virtual cards, international wire transfers.
  • It logs the payment-related activity.
  • It provides features to set up approval workflows and custom roles.

Cons:

  • As per the reviews, the reports features need improvement.

Verdict: This cloud-based software is the best fit for small to medium-sized businesses. It will simplify international payments. It can automate your payments from the start to finish. It will increase efficiency and give you more control.

Price: For businesses, Bill.com offers four pricing plans i.e. Essentials ($39 per user per month), Team ($49 per user per month), Corporate ($69 per user per month), and Enterprise (Get a quote). For Accounting Firms, the solution is available at $49 per month. A free trial is available to try the software.

Website: https://www.bill.com/


#9) Wave

Best for invoice, accounts, and cash flow management for free.

Wave - Dashboard

Wave is free accounting software for businesses and individuals. The software can be used for basic accounts management. You can use the application to track expenses, cash flow management, and sales and purchase management.

Features:

Cons: Lack of advanced features.

Verdict: Wave is a simple accounting package that is completely free. It has features that will meet the needs of most business owners and self-employed individuals. You won’t have much to complain about the accounting software since it is free.

Price: Free.

Website: https://www.waveapps.com/

Further Reading => TOP Invoice Factoring Companies in the Market


#10) Xero

Best for small and medium-sized businesses.

Xero - Dashboard

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Xero is a complete accounting package that has dozens of accounting features best for small and medium-sized businesses. The accounting software allows you to reconcile accounts, pay bills, track expenses, and create sales invoices.

Features:

  • Track expenses
  • Sales invoice
  • Pay bills
  • Multiple currency support

Cons: Limited features

Verdict: Xero does not have a lot of features. But most businesses will find the features adequate for their needs.

Price: Xero is available in three packages. The Starter package costs $20 per month and features 5 invoices, 5 bills, 20 bank reconciliation, bills, and receipts management. The Standard and Premium packages cost $30 and $40 per month, respectively.

These packages have additional features such as unlimited invoices, bank reconciliations, bills, and receipts management. You can try the software for 30 days.

Xero - Pricing

Website: https://www.xero.com/


#11) Pabbly

Best for basic accounting and expense tracking for business owners.

Pabbly - Dashboard

Pabbly boasts of different account management features. The software has all the features required for managing financial transactions by business owners. It supports reports, invoices, workbook events, and other features.

Features: 

  • Recurring billing and subscriptions
  • Invoice management
  • Expense Tracking

Cons: Limited Accounts feature

Verdict: Pabbly is a solid accounting tool with great features. It is suitable for independent contractors and business users.

Price: You can select from four different packages. The Starter ($19 per month), Rookie ($37 per month), Pro ($57 per month), and Advanced ($79 per month). You can enjoy unlimited features with a free 14-day trial.

Pabbly - Pricing

Website: https://www.pabbly.com/out/pabbly-subscription-billing


#12) Sage 50cloud

Best for basic and advanced accounting for small and medium-sized businesses.

Sage - Dashboard

Sage 50cloud is a great accounting application suited for small and medium-sized businesses. It is a hybrid-desktop app with a cloud component for data storage. A great feature of the software is the add-ons that extend the features of the software. The app also features mobile payments so that you can easily pay bills using your smartphone.

Features:

  • Inventory
  • Taxes
  • Budgeting
  • Cash flow
  • Invoicing

Cons: Expensive packages

Verdict: Sage 50cloud is a simple accounting app that lets you track expenses and pay bills. You can use the app to track finances and calculate taxes.

Price: Sage 50cloud is available in three packages: Pro Accounting, Premium Accounting, and Quantum Accounting. The Pro Accounting package costs $50.58 per month and contains features such as bills management, purchase orders, job costs, payroll, automated bank reconciliation, and remote access.

The Premium feature costs $78.25 per month that contains additional features such as job costing, budgeting, and auditing trail. The Quantum Accounting package costs $131.66 per month that comes with advanced features like role-based security, job insights, and multiple company support.

You can try the software for 30-days to test the functionality of the app.

Sage - Pricing

Website: https://www.sage.com/en-us/products/sage-50-accounting/


#13) AccountingEdge

Best for business accounting and bookkeeping for Mac users.

Accounting Edge - Dashboard

[image source]   

AccountingEdge is one of the oldest accounting software established in 1989. The exclusive Mac desktop accounting software is the most complete solution for businesses. The software supports invoicing, reporting, time billing, inventory management, and more.

Features:

  • Invoicing
  • Sales tax
  • Project Management
  • CRM
  • Fixed asset tracking

Cons: Supports only Mac desktop.

Verdict: Most Mac users praise the software for its usability and features. The best feature of the accounting software is the plethora of add-ons that extend the feature of the application.

Price: The software is offered in two packages. The AccountingEdge Pro costs a one-time fee of $499. It supports up to 10 users and has features such as general ledger, banking, time billing, inventory, payroll, and credit card payments.

The Enterprise ERP package is for larger businesses that want a customizable accounting ERP solution. You have to contact the company for a free quote. Moreover, you can try the software for up to 30 days with no limitations to testing the software functionalities. Here are the details of the basic and enterprise versions.

Research Process

Website: https://www.accountedge.com/


#14) Kashoo

Best for self-employed and businesses for creating invoices, tracking bills, and managing vendors.

Kashoo - Dashboard

Features:

  • Mobile app
  • Bills and payment management
  • Automatic backups
  • Tax calculations
  • Multi-currency support

Cons:

  • Limited integrations
  • No support for mobile apps

Verdict: Kashoo has lots of features that are not present in much bookkeeping accounting software. The software can save time in recording and tracking expenses. It may not be the cheapest bookkeeping software. But the cost is worth every penny.

Price: Kashoo has a simple pricing structure. The monthly subscription costs $19.95 while the annual subscriptions cost $16.65 per month. You can try Kashoo for 14-days to test the usability of the software. You can opt for a monthly or annual subscription.

Website: https://www.kashoo.com/


#15) OneUp

Best for accounting, invoicing, inventory management, and CRM for different types of users.

One Up - Dashboard

One Up is a unique accounting tool as it offers a load of unique features in addition to bookkeeping such as CRMs, and lining bank accounts, and bank reconciliation.

Features:

  • Invoicing
  • Accounting
  • Inventory
  • CRM

Cons:

  • Unlimited package is costly
  • Limited reporting option

Verdict: One Up has a lot of features that make it ideal for different people. Sole proprietorship and businesses can select a package that suits their requirements. The software is particularly praised for its ease of use. But reviewers have complained that the reporting system is limited.

Price: Pricing of One Up range from $9 to $169 per month. There is also a free 30 day trial with unlimited features and customer support so that you can fully test the bookkeeping software.

The Self version that costs $9 per month is targeted to self-employed individuals, including freelancers and contractors. The Pro version costs $19 per month that supports 2 users. It is ideal for business partners or sole proprietorship. The Plus version costs $29 per month, and it features CRM and supports 3 users. The Team package costs $69 per month that supports 7 users.

It is suitable for businesses. Last, the Unlimited package costs $169 per month that supports unlimited users. Details of the price packages are as follows:

One Up - Pricing

Website: https://smallbusiness.oneup.com/accounting-software


#16) GoDaddy Bookkeeping

Best for calculating financial transactions and tax calculations for freelancers and self-employed contractors.

GoDaddy Bookkeeping - Dashboard

Recommended read => 10 Best AP Automation Software (Accounts Payable Solutions) In 2022

Most people know GoDaddy as a website host service provider. But the company also offers online bookkeeping software for tracking sales and expenses and calculating taxes. The accounting software integrates with eBay, Etsy, and Amazon that makes it great for online business owners.

Features:

  • Calculation of quarterly taxes
  • Integration with Amazon, Etsy, eBay, and Paypal
  • Accept mobile payments
  • Invoice and estimates
  • Track mileage and time

Cons:

  • Project tracking not available
  • Lacks bill payment feature

Verdict: The bookkeeping software is designed with the needs of the sole proprietor and LLC businesses. The basic version is inexpensive and has all the features that you require to record and track financial data. Overall, this is a great value for money accounting software.

Price: GoDaddy Bookkeeping is available in three versions. The Basic Get Paid version costs $4.99 per month that features invoice and estimates, accept debit or credit card payments from mobile, record time and mileage, and current-year financial report.

The Advanced Essentials version costs $9.99 per month that apart from all the features of the basic version also offers unlimited financial reports, tax worksheets, bank and credit card transaction import, and integration with Amazon, Etsy, eBay, and PayPal. The Premium version costs $14.99 per month that supports an additional feature of recurring invoices.

The following table shows details of the different packages offered to customers:

Get PaidEssentialsPremium
$4.99 per month
Track time and mileage
Invoice and estimates
Accept credit and debit card payments from mobile
Current year business report
$9.99 per month
All features in Essentials plus unlimited period business reports, tax worksheets, integration with Amazon, Etsy, eBay, and PayPal
$14.99 per month
All features in Essentials plus the ability to schedule and send recurring expenses

Website: https://bookkeeping.godaddy.com/


Frequently Asked Questions

What is an accounting application?

An accounting application is used for recording financial transactions. The software saves time and effort in managing expenses and revenues. You can print reports to get a snapshot of the financial position of your company at a particular period.

What are the features of accounting software?

These come with different features. The main features of an accounting app include invoices, expense management, tax calculation, and bank reconciliation.

What are the benefits of accounting software?

Using an accounting application saves time in managing financial data. The software can automatically generate accounting data. It allows business owners to focus on more important aspects of running the business.

Suggested reading =>> Top Financial Consolidation Software

How to use an accounting application?

Anyone that knows how to use a windows application can use accounting software. Accounting software allows you to enter transactions using a keyboard and mouse. If you have a touch screen, you can touch the screen and enter fields using the keyboard.


Conclusion

The guide contains a review of accounting tools that can serve the requirements of different users. You can select accounting software that meets your exact accounting requirements.

If you want business accounting software, you should select QuickBooks, Xero, Zoho Books, and Sage 5 cloud. Self-employed individuals can go for free Wave accounting software. If you are a Mac user, the best accounting software is Accounting Edge.

Also Read =>>  Order Management System For Small Businesses

Research Process:

  • Time taken to research this article: We spent 8 hours researching and writing on the topic so that you can have an easy time making an informed decision about the best business bookkeeping software.
  • Total tools researched: 22
  • Top tools shortlisted: 11
=> Contact us to suggest your listing here.

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