Accounting software has become an essential part of managing and promoting a business. So, whether you are a small or medium-sized business owner, company manager, accountant, or even an individual, you might be familiar with and a user of the different types of accounting software, depending on your needs and workspace.
Most accounting software or ERP(Enterprise Resource Planning) systems are capable of handling expense and flow management. While several software companies offer excellent choices for small and medium-sized business accounting software/ERP systems, including AP automation/mass payments.
Today, there might not be any industry that is familiar and using one of the accounting software to manage their financial matters through mobile devices, so it is even easier to handle your accounting activities along with other digital marketing strategies on the go.
5 Best Accounting Software Collections for Small and Medium-Sized Businesses:
Depending upon the company size, needs, and available features, here I have elaborated on some of the best collections of accounting software that will surely help to take your business to the top level. Most of the accounting software offers a free trial that may be extended to as needed.
1-NetSuite ERP:
NetSuite is owned by Oracle and is based on a cloud ERP software system. It works on a wide range of ERP modules called Suites that work together to provide accounting solutions for small businesses. Usually, small and mid-sized sized aimed to grow their business by expanding it to international locations. NetSuite is designed to scale with business growth and is considered one of the best for automation & workflows for over 20 years around the globe.
Key Features of NetSuite software:
- Provides real-time business insights to handle planning, budget, cash flow management, etc.
- Offer solutions for financial, inventory, warehouse, and supply chain management.
- NetSuite One World to deal with global reach and international accounting.
2-Intuit QuickBooks:
QuickBooks is accounting software used for personal and small businesses across nearly every industry. This software supports basic accounting functions and bookkeeping. However, user can get their advanced features like payroll and others with their paid services at nominal prices.
Whether you need invoicing and financial reporting or want accountant access, bank reconciliations, this accounting software can be a one-window solution for all your accounting issues, especially if you are a small business owner and want to manage your project easily.
Key Features of QuickBooks software:
- Easy to set up and use without any professional help or accounting experience.
- You can customize Several core QuickBooks functions as per your industrial requirement.
- Integrations are available with over 750 business applications from internal systems to famous e-commerce websites, including eBay, Amazon, PayPal, etc.
3-Zoho Books:
Zoho Books is an accounting software that is especially designed accounting software for small, mid, and even large business solutions. Offers its services in more than 11 different languages to handle accounting matters across the globe. So one can find many features using its free version and can go for the pro for more advanced features.
Key Features of Zoho Books software:
- Features to handle growing business at small, medium, and large scales.
- Offers a range of features including cash flow management, invoicing, automated workflow creation, expense tracking and etc.
- Allow users to invoice their clients in their currency.
4-FreshBooks:
When talking about one of the easiest and simplest accounting software, FreshBooks is on the list. Due to its simple UI, even two or more employees are enough to handle it. That’s why it is recommended for very small or personal account management. It can be adopted for medium and large companies, simply add some advanced tools to handle accounts.
Key Features of FreshBooks software:
- Cloud-based accounting software to manage finances with its range of features.
- Easy to navigate due to its user-friendly interface.
- compatible with Android and iOS to use it on the go.
5-Xero:
Xero is a global accounts management solution being subscribed to by about 4 million people and business owners. With their user-friendly interface, each of their client can get smart accounting management tools along with a dedicated cloud-based accounting ledger. The software can also handle financial transactions of their clients over a secure connection, especially in the banking sector, as well as their collaboration with other apps, machines, and even e-commerce sites.
Check the collection of NAS software for data management
Key Features of Xero Accounting software:
- Automated financial reporting, balance sheets, and financial statements can be produced with a single click.
- Integration with other third-party business apps to run their financial management with more flexibility.
- A dedicated business dashboard to access real-time stats of money transactions.
Conclusion:
Accounting software has become an important part of business in small and even medium-sized, and enterprise-level businesses. It is not the time to take a lot of paperwork to carry, but you just need a smart device to handle your accounts on the go. There may not be a single company that is being used to or even familiar with this accounting software. The thing is to cash the time with less effort and more precision.