Xero automatically maintains a list of your inventory, including product name SKU, and quantity in stock, so you can see at a glance what products you need to reorder. As one of the market’s leading accounting solutions, try QuickBooks free now for an entire month. It required me to enter my name, email address and mobile number, then choose a password.
Quicken is a great alternative to QuickBooks if you’re looking for a way to track spending. You won’t find standard business management features, such as payroll and time tracking, however. There are multiple subscription plans available starting at $5.99 per month (if paid annually), but the best option for microbusinesses is the Classic Business & Personal plan at $10.99 per month (paid annually). All of these options are available at discounts thanks to a current promotion available from Quicken. Over 20% of buyers said they need more software that handles payroll, inventory management, and invoicing.
Or, if you have a contract construction business or are a wholesaler, look for software that includes inventory management or mileage tracking and invoicing tools, respectively. In my testing, I also found the software to be incredibly intuitive to use, even when dealing with advanced features like setting up workflow automations. We prioritized software that was either low-cost or had an affordable plan in a series of pricing plans. We also gave credit to those apps that either provided users with a free version of the software or at least a free trial period. When considering the affordability of cloud accounting software, many providers have promotions going where the software is greatly reduced for a brief period, then goes up in price. Those that had price increases that were reasonable fared better in our ratings.
- Freelancers and entrepreneurs who want an affordable plan might want to look elsewhere simply because of its basic plan’s limitation on the number of invoices.
- You can customize hundreds of reports and use filters, report fields and custom lists to see only the data you need.
- Overall, Oracle Netsuite is an excellent choice for businesses that want a comprehensive accounting software package that includes both ERP and desktop accounting tools.
Add-Ons and Extras
This allows businesses to increase operational efficiency and save time on mundane tasks, so they can focus on strategic tasks instead. FreshBooks offers one of the cheapest plans on this list, which is why small businesses with limited invoicing needs go for it. Lastly, you can categorize your expenses to see where your money is going each month — hence why FreshBooks isn’t just rated one of the best business solutions but also one of the best personal accounting tools. Zoho is very affordable, making it perfect for small businesses; plus, with 6 plans, it’s incredibly scalable too. The top-tier plans come with advanced automation, forecasting, and multiple users.
Best Accounting Software For PC Reviews
At a minimum, accounting software keeps track of financial transactions to record profit loss and improve business finances and overall cash flow. Core functionalities include general ledger (GL), accounts payable (AP), and accounts receivable (AR). Additional functionalities extend to processes like bank transactions, purchase orders, payment reminders, and payroll service. Other features include inventory tracking, reporting, invoicing, project management tools and the ability to categorize transactions using classes.
Pricing and Value
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Learn how we stay transparent, read our review methodology, and tell us about any tools we missed. On top of this, you may want a tool compatible with mobile for on-the-move accounting.
But finding the ideal solution can be a challenge, especially with so many options available. The best desktop accounting software can save you time and money by streamlining your finances. It can also help you be more organized and efficient in your business. If you’re planning to scale up your small business or are already managing depreciation definition a complex financial situation, then investing in good accounting software is wise. Consider what you need the accounting software to accomplish for you and your business, and seek out software that will help you accomplish these tasks with ease.
There is also a rental property management feature that allows individuals who own rental properties to track rental income and expenses. Additionally, companies that require many users or manage multiple entities most commonly want small business ERP software with a full suite of functionalities to go along with their accounting. The software learns and categorizes each transaction to help save companies time. Last, Xero also has a large customer service network and an online “checkup tool” that lets support run system checks to identify and handle issues via chat. On top of that, double-entry accounting software enters debits and credits for you so you don’t have to worry about manually balancing your books. Ultimately, investing in accounting software will save you time and help make sure your books are accurate.