Top 10 Best Accounting Software in 2018

Accounting software plays an integral part of a business organization. It shows a view of the financial condition of the business. A business might have profit or loss. Accounting software manages the finance and lets businesses to record income and expenditure. Businesses small or big require accounting software to understand whether it is running on profit or loss.

There are many accounting software available for small business. But there are a few cloud accounting software that helps small businesses grow. Accounting software helps in maintaining the general ledger, accounts receivable, account payable, balance sheets, etc.

Accounting software keeps ready information related to the finances. It adds accuracy and proficiency to the business. It records and monitors the cash flows with the help of a cloud accounting software. It automates the finance-related works and helps in reducing human errors.

There are many accounting software available for today’s small business. Some are industry-specific accounting software. Finding the right cloud accounting software needs a lot of time and process.

To ease business owners, SoftwareWorld has made a list of the best accounting software for small business. This list will help you decide the best accounting software available in the market.

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List of Best Accounting Software For Small Business | Cloud Accounting Software Reviews

1. FreshBooks – Cloud Accounting Software for Small Business Owners

About FreshBooks : Spend less time on accounting with FreshBooks; it’s an online invoicing and accounting software for small businesses. The user can organize and track expenses through FreshBooks and its also wonderful platform to get effective reporting. This is easy to use software where you can easily manage your financial records. It’s cloud-based accounting software where the user can send invoices, track time, manage receipts, expenses and much more.

FreshBooks Accounting Features : Accounts Receivable, Billing & Invoicing, Expense Tracking

“Freshbooks is a simple and straight-forward accounting solution. The biggest benefit we receive is how easy it is to send invoices and get paid online. Freshbooks makes this a lot easier than some of the other solutions we’ve tried over the years. Customer service – it’s amazing. ” – Richard I.

FreshBooks

Canada

201 – 500

2003

$15.00/month

Yes, get a free trial

4.5

2134 Reviews

4.6

207 Reviews

2. QuickBooks Online – Small business accounting software

About QuickBooks Online : Save time with QuickBooks Online. It’s the smart online solutions for small businesses to control their accounting. You don’t need to install any additional software and you can view all accounts via online login portal. The user can comfortably track income and expenses of business through this software; it automatically downloads transactions from your bank account, credit cards, PayPal, Square and more. The user can create professional invoices and send them from any devices.

QuickBooks Online Accounting Features : Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking, Payroll Management, Tax Management

“I personally like the functions of QuickBooks Online and the advanced accounting nature for solving all the financial reporting issues. The automation of all the accounting operations makes this product unique and the best. It is not a complicated item to use. I see it as the best accounting tool.” – John C.

Intuit

United States

51 – 200

N/A

$5.00/month

Yes, get a free trial

4.0

2112 Reviews

3.9

1544 Reviews

3. Xero – Accounting Software for SMBs

About Xero : Get a real-time view of your cash flow through Xero; it’s online accounting software for small businesses. The business owner can easily connect to their accountants, Bookkeepers, banks and a huge range of business app through Xero. You can find different helpful features in Xero like easy Professional Invoicing, Mobile app feature for iOS, Android, iPad and tablet users, Inventory tracking feature, multi-currency feature, third-party integration, attachment feature, creating purchase orders and much more.

Xero Accounting Features : Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fixed Asset Management, Fund Accounting, Government, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax Management

“Fantastic! I finally have the tools from Xero to drive my company to its greatest potential. It’s so easy to share the reports with people at all levels in the company, and I feel a fantastic sense of control with the numbers because of Xero.” – Kristen B.

Xero

United States

1001 – 5000

2006

$9.00/month

Yes, get a free trial

4.0

1282 Reviews

4.3

190 Reviews

4. Avaza– All-in-one, Client-focused Project Management for Teams.

About Avaza : The team project management software where the user can easily track tasks, timesheets and much more; Avaza is also a helpful option for expense reporting and invoicing; it’s accessible through all devices as well. It’s cloud-based software for resource scheduling where task collaboration, file-sharing, and all project related activities become easier for the user. You can save time with recurring invoices feature and it’s really effective software for project accounting.

Avaza Accounting Features : Accounts Receivable, Billing & Invoicing, Expense Tracking, Project Accounting

“My company was able to give all of our employees raises due to Avaza’s amazing time tracking features which allowed us to understand what our employees are working on throughout the week. We don’t know what we would do without Avaza!”- Ray Haggins

Avaza Software

Australia

$9.95/month

Yes, get a free trial

4.5

166 Reviews

4.5

96 Reviews

5. Bill.com – Magically Simple Business Payments

About Bill.com : Bill.com really simplifies your business bill payments. The user can easily pay and process all bills in minutes through this software and it’s also the best medium to get paid the way you want, up to 3x faster. This software sync for automated bookkeeping and improves accuracy level of your records. When users pay or get paid, this software automatically updates. Bill.com is also available for iOS and Android users so it’s easy to operate from anywhere.

Bill.com Accounting Features : Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fixed Asset Management, Fund Accounting, Project Accounting, Tax Management

“With Bill.com I can control our finances and not let finances control me. We can collaborate across the company from anywhere. I now have more hours for strategic projects and more budget for top priorities.” – JEREMY PYLES

Bill.com

United States

201 – 500

2006

Not provided by vendor

Yes

4.5

220 Reviews

4.1

51 Reviews

6. SlickPie – Free Accounting Software for Small Businesses

About SlickPie : Find many benefits with SlickPie; it’s free accounting software for small businesses where the user can find online invoicing and billing feature, automated data entry feature, live bank feeds, financial reports feature, and much more. SlickPie also offers the multi-currency feature, sales tax tracking, transaction history feature, file uploading, and attachment feature and much more. Businesses can also get paid faster through this software.

SlickPie Accounting Features : Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Purchase Orders, Tax Management

“I operate my business with 3 other partners and, eventually, we all need to send invoices at the same time. I found SlickPie exactly for that reason, I was looking for an online accounting software that offered unlimited simultaneous users and SlickPie came out.” – Himanshu S.

SlickPie

Canada

02 – 10

2015

Not provided by vendor

Yes

4.5

47 Reviews

4.8

12 Reviews

7. Receipt Bank – Invoice, bill and receipt data extraction software

About Receipt Bank : No more paper just increase your accounting level with Receipt Bank; it’s Automated Bookkeeping and data entry software where the user can find pre-accounting features for the accountant and bookkeepers. It’s impressive accounting software for small businesses that really eliminates data entry and automates the manual work. You can find data extraction feature, instant receipt submission, foreign currency support feature, data export and much more with cloud storage benefit.

Receipt Bank Accounting Features : Expense Tracking, Payroll Management, Purchase Orders

“Overall superb – The accuracy really is superb! It is amazingly how accurately it gets the information required from what is often messy, crumpled or poor quality receipts” – Graham L.

Receipt Bank

United Kingdom

201 – 500

2010

$15.00/month

Yes

4.0

37 Reviews

4.3

11 Reviews

8. FloQast – Close Management Software

About FloQast : Are you looking for close management software for your business? FloQast is the best software for you where accounting teams close faster with higher accuracy. This is the crucial accounting software for accountants and it’s made by accountants. The software offers one place to manage the entire close where every authorized team member can view and analyze. This software usually works with your monthly close checklist.

FloQast Accounting Features : Bank Reconciliation

“FloQast allows us to focus more on a qualitative review of our financial statements.” – James Walker

FloQast

United States

51 – 200

2013

Not provided by vendor

Yes

5.0

27 Reviews

4.7

65 Reviews

9. Manager – Manager is free accounting software for small business

About Manager : Free Accounting Software for small businesses; Manager is available for Windows, Mac, and Linux. The software offers key accounting modules and tax function & features to the users. The user can also work offline with Manager Software. It’s easy to start platform and don’t need depth information to operate it. The user can find expense tracking feature, fund accounting feature, payroll management, project account feature and much more through Manager.

Manager Accounting Features : Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking, Fixed Asset Management, Fund Accounting, Government, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax Management

“The Banking Dashboard in Manager makes it very easy to manage banking transactions. The bank reconciliation tool is the best I have ever seen. It has custom field feature and custom fields can be set to appear as column in tables on documents. It is light weight despite it many features and opens and closes very fast.” – John S.

NGSoftware

Australia

02 – 10

2011

$19.00/month

Yes

4.5

17 Reviews

5.0

2 Reviews

10. PitBullTax – Tax Resolution Software for IRS Representatives

About PitBullTax : PitBullTax is the tax resolution software for IRS Representatives. This software is used by CPAs, EAs, and Tax Attorneys. The user can find integrated IRS forms and supporting schedule through PitBullTax. You can find a step-by-step guide about how to analyze, create and prepare it. You can also find iOS and Android application for mobile use. The software includes all the tools, forms, and legal background for effective tax resolution.

PitBullTax Accounting Features : Government, Tax Management

“Pitbull tax saves a lot of time and money. It is like having an assistant to remind me about important dates and to input all of the data that I don’t want to. I can’t remember or do not want to remember how I got tax work done without it. Thank you Pitbull tax for making my job a little easier.” – Richard Pew

PitBullTax Software

United States

11 – 50

2010

$89.97/month/user

Yes

4.5

43 Reviews

0.0

0 Reviews

 

Get Quick Comparison of Top Accounting Software

Accounting Features FreshBooks QuickBooks Online Xero Avaza Bill.com SlickPie Receipt Bank FloQast Manager PitBullTax
Price $15.00/month $5.00/month $9.00/month $9.95/month Not provided by vendor Not provided by vendor $15.00/month Not provided by vendor $19.00/month $89.97/ month/user
Accounts Payable            
Accounts Receivable              
Bank Reconciliation            
Billing & Invoicing              
CPA Firms      
Expense Tracking                
Fixed Asset Management      
Fund Accounting      
Government      
Nonprofits    
Payroll Management        
Project Accounting        
Purchase Orders        
Tax Management