12 Subcategories within Accounting & Finance

Find, compare and review the best accounting and finance web apps and startup tools on Crozdesk. Whether you are looking for a new accounting software in the cloud or a finance application to help you with budgeting and forecasting, this is the place to look.


MoonClerk

MoonClerk 75

(1)

MoonClerk lets anyone immediately and inexpensively set up branded, embeddable, and linkable recurring online payment forms without any technical skills or coding required. More Information...

Housecall Pro

Housecall Pro 66

(1)

Our #1 rated app and web portal will put you back in control & delight your customers. Scheduling, dispatching, GPS tracking, CRM, invoicing, credit card processing, more. More Information...

SimpleOrder

SimpleOrder 52

(3)

SimpleOrder is an all-in-one restaurant inventory management platform designed to optimize Back of House operations, featuring online purchasing, real-time food & menu costing More Information...

plug&paid

plug&paid 56

(6)

A cross-platform compatible shopping cart solution that lets you easily turn any website into a shop. Accept payments with PayPal, Stripe and Bitcoin. Visitors = Shoppers More Information...

Paycadence

Paycadence 29

(0)

Paycadence allows users to send invoices, set up recurring payments, build unlimited custom payment forms, and manage customers. More Information...

Celoxis

Celoxis 74

(56)

Celoxis is an all-in-one enterprise class project management software. The software is web-based and is available on the cloud or as an on-premise installation More Information...

Precoro

Precoro 30

(1)

Precoro is an e-procurement software designed to streamline procurement process and increase Spend visibility. More Information...

Kitchify

Kitchify 28

(0)

Kitchify is the leader in automated vendor price comparison and multi-vendor one click order submission saving businesses significant money and time. More Information...

Freshbooks

Freshbooks 95

(159)

FreshBooks is an accounting task management service, ensuring that all of your processes are fast, easy and secure. Send invoices, track time and capture expenses in minutes. More Information...

Bigcommerce

Bigcommerce 94

(118)

Bigcommerce is an e-commerce platform with dozens of themes and apps to help get the right look and functionality for online stores. More Information...

Xero

Xero 88

(115)

Xero is a cloud-based accounting software, providing its users view to their cashflow in real-time with online accounting, invoicing, billing & banking. More Information...

Avangate

Avangate 87

(51)

Avangate powers modern Digital Commerce, solving the complexity of online commerce, subscription billing, and global payments for Software, SaaS and Online Services companies. More Information...

Chargify

Chargify 87

(26)

Chargify is a recurring and subscription billing system with a real-time dashboard to get easy access to customer insights, revenue, signups, and cancellations. More Information...

Avaza

Avaza 87

(58)

Collaborate on projects, track time, manage expenses and invoice your customers. Available in the cloud, from any device. More Information...

17hats

17hats 86

(24)

17hats automates business processes using its billing, scheduling, payment processing, bookkeeping, contracts signing, and client communications. More Information...

Kareo

Kareo 85

(54)

Kareo is web-based solution for heath care practice administration. More Information...

Apptivo

Apptivo 85

(49)

Apptivo is a web-based online office suite and enterprise resource planning software consisting of app-based business solutions. More Information...

Braintree

Braintree 85

(1)

Braintree is a web and mobile payments system that supports PayPal, Bitcoin, Venom, cards etc. — all with a single integration. More Information...

Wave

Wave 85

(6)

Wave is a cloud-based all-in-one accounting solution designed specifically for small businesses with 9 employees or less. More Information...

Zoho Books

Zoho Books 83

(31)

Zoho Books is a simple, easy-to-use accounting app that tracks the money coming in and going out of your business. More Information...

Bill.com

Bill.com 83

(28)

Bill.com is accounting and payment management software for online accounting services. More Information...

ActiveCollab

ActiveCollab 81

(0)

ActiveCollab is project management software that helps managers and creative professionals plan projects and stay on top of deadlines. More Information...

FreeAgent

FreeAgent 81

(21)

FreeAgent is an award-winning online accounting software designed specifically for freelancers and small businesses with up to 10 employees around the world. More Information...

ChargeOver

ChargeOver 81

(11)

ChargeOver is a recurring billing and payments application. It automates billing, payments, and dunning; integrates with QuickBooks and Xero; and offers an API, .js, and more. More Information...

Sage One

Sage One 80

(1)

Easy to use accounting software for all sizes of business. More Information...


trial/premium
CleanTalk

CleanTalk 80

(0)

CleanTalk is a SaaS spam protection service for websites. CleanTalk uses protection methods which are invisible to site visitors. More Information...

Kashflow

Kashflow 79

(0)

Kashflow is an online accounting software for small business owners. More Information...

PaySimple Pro

PaySimple Pro 79

(0)

Add simplicity and flow to your business with PaySimple's complete service commerce solution. Accept payments, streamline your billing, sell online, and schedule appointments. More Information...

Erply

Erply 79

(9)

ERPLY retail software is web-based, making it accessible anywhere and contains modules for every aspect of your retail establishment. More Information...

Adaptive Insights

Adaptive Insights 79

(0)

Adaptive Suite enables you to collaboratively plan & model, easily access real-time analytics, streamline complex financial reporting and accelerate financial consolidation. More Information...

Recurly

Recurly 78

(24)

Recurly is a subscription billing and recurring billing management system that offers enterprise-class billing for thousands of companies worldwide. More Information...

Rubberstamp

Rubberstamp 78

(0)

The world’s simplest PO software, Rubberstamp.io gives your business the unfair advantage over its competitors by giving you user-friendly, control of your company spend. More Information...

Invoice Home

Invoice Home 77

(0)

Invoice Home is an intuitive invoice generator created with small businesses in mind. More Information...

Scoro

Scoro 76

(3)

Scoro is the most comprehensive work management software solution for professional and creative services. Choose from Scoro’s own features or plug in your existing tools. More Information...

FinancialForce

FinancialForce 75

(1)

FinancialForce is a cloud-based accounting software which integrates seamlessly onto the Salesforce platform to streamline the opportunity-to-cash process. More Information...

Sellsy

Sellsy 74

(0)

Sellsy is the all-in-one solution to manage every facet of your sales business. It generates leads, manages payments, preserves customers, and much more. More Information...

Paymo

Paymo 74

(1)

Paymo is an online project management app that bundles task management, time tracking and invoicing into a beautiful and easy to use mobile and desktop platform. More Information...

Megaventory

Megaventory 74

(6)

Megaventory is a cloud tool that helps small businesses that buy, sell and manufacture physical products to manage their sales, purchasing, manufacturing and inventory. More Information...

InvoiceBerry

InvoiceBerry 73

(2)

InvoiceBerry is an online invoicing software designed for small business and freelancers. More Information...

Clearbooks

Clearbooks 72

(1)

Running a business can be time consuming - let our Accounting, Payroll and HR software lighten your workload. Our simple, intuitive cloud accounting software can be accessed securely anywhere, any time. More Information...

mHelpDesk

mHelpDesk 71

(5)

mHelpDesk is a cloud based workforce management system for field service businesses. More Information...

Quickbooks Online

Quickbooks Online 71

(602)

Quickbooks Online is a small business cloud accounting solution that allows businesses to accept payments, manage and pay bills, and payroll functions. More Information...

WEB GST

WEB GST 71

(1)

A complete solution for GST compliances. An integrated ASP-GSP solution. The best tool which helps in filing GST returns and invoices. More Information...

DJUBO

DJUBO 70

(0)

The DJUBO Property Management System - Everything you need to run and manage your Hotel all in single dashboard. More Information...

Teamleader

Teamleader 69

(1)

Teamleader unifies CRM, project planning and invoicing in a simple and intelligent tool - helping businesses work smarter. More Information...

Printavo

Printavo 69

(0)

Printavo is simple, online shop management software for screen printers, embroiderers, sign manufacturers, digital printers and more. It helps shops become more productive. More Information...

Kickserv

Kickserv 68

(46)

Kickserv is a cloud-based field service and CRM application that helps small business owners automate basic business processes. More Information...

EMERGE App

EMERGE App 67

(1)

A complete system for growing business dealing with traditional offline distribution & online e-commerce sales. More Information...

ITM Platform

ITM Platform 66

(0)

ITM Platform offers practical and powerful project management solutions as well as portfolio management, projects programs, resources, and services. More Information...

Equidam

Equidam 66

(3)

Calculate and present your company valuation professionally, no financial knowledge required. More Information...

MoneyPenny

MoneyPenny 64

(3)

MoneyPenny is a Time Tracking and Invoicing software designed for teams. It helps businesses owners switch to pro-active team management and automate invoicing process. More Information...

Zola Suite

Zola Suite 64

(0)

Zola Suite provides next generation, cloud-based practice management software to solo, small and mid-sized law firms. More Information...

BillQuick

BillQuick 63

(0)

BillQuick is an intelligent time tracking, billing, accounting and project management solution. More Information...

iKentoo

iKentoo 63

(0)

iKentoo is an advanced iPad-based Point of Sale and business management system for restaurants, multi-site chains, food trucks, festivals, bars, hotels, coffee shops and more. More Information...

Bitwage

Bitwage 62

(0)

Bitwage is an international payroll & invoicing platform that delivers wages faster, cheaper & easier across borders via the bitcoin blockchain. More Information...

CourseStorm

CourseStorm 61

(1)

Impossibly simple class registration & marketing software allowing you to register more students & save time in the process. Easy pay-as-you-go, with no up-front costs. More Information...

HDPOS Smart

HDPOS Smart 61

(0)

Point of Sale Software - HDPOSsmart is a billing and inventory management software. It offers very easy user interface and tons of features to manage you business effectively. More Information...

Insly

Insly 61

(0)

Insly is the only global SaaS solution for insurance brokers and agents. We offer our solution to our clients regardless where they are situated. More Information...

storEDGE

storEDGE 60

(0)

storEDGE is an online management software for the self storage industry. One clean interface provides access to your business any time, from any device. More Information...

Subbly

Subbly 60

(1)

Subbly is a subscription ecommerce platform that makes it super easy, affordable and quick to setup a subscription business online. More Information...

Ninox

Ninox 56

(0)

Create custom business apps without a single line of code. Ninox is a human-friendly database on the web and as an app for Mac, iPad and iPhone. More Information...

SutiExpense

SutiExpense 55

(0)

SutiExpense is a leading online expense report software solution that automates the expense management process. More Information...

SutiSoft Spend Platform

SutiSoft Spend Platform 55

(0)

Managing spend efficiently requires you to analyze various spend areas to make better informed decisions. More Information...

Ecwid

Ecwid 54

(1)

Ecwid is a full-featured shopping cart that can be added to most sites like WordPress, Drupal or Facebook in minutes. More Information...

Volusion

Volusion 54

(29)

Volusion is an online e-commerce solution offering shopping carts and hosting solutions. More Information...

Boox

Boox 53

(2)

Boox is an online accounting service, combining an innovative app with expert advice from a dedicated accountant for UK based contractors, freelancers and small businesses. More Information...

Genius Project

Genius Project 53

(0)

Genius Project enterprise project management software is flexible and highly configurable to adapt to client needs. More Information...

ParkMyCloud

ParkMyCloud 53

(1)

ParkMyCloud is a simple, single-purpose SaaS tool that connects to AWS and enables users to automatically schedule on/off times for their idle servers. More Information...

AFM Suite

AFM Suite 52

(1)

AFM Suite is a web-based software solution for Carriers, Freight Brokers, and Freight Forwarders. AFM Suite has Dispatching, Accounting, and Safety & Compliance core modules. More Information...

Apruve

Apruve 52

(0)

Extending terms to your customer leads to your own cash flow and collections issues. Apruve finances your invoices, improves your cash flow and cleans up your balance sheet. More Information...

Force

Force 51

(0)

Force™ provides a decision-making platform specifically designed for insurance fraud handlers to scale their capacity to detect a wide spectrum of fraudulent behaviors. More Information...

School Time

School Time 51

(0)

School Time is a user-friendly school management system designed for real-time access across multiple devices. More Information...

Cerillion Skyline

Cerillion Skyline 51

(1)

Cerillion Skyline is a powerful cloud billing application for the next generation of subscription and usage-based services. More Information...

ERP-ONE+

ERP-ONE+ 50

(0)

ERP-ONE+ is a Wholesale & Distribution software suite delivering comprehensive intuitive functionality that improves the entire business process. More Information...

Shortlist

Shortlist 50

(0)

All your freelancers, independent contractors and vendors, consolidated in one simple dashboard, accessible by all your employees More Information...

InvoiceSherpa

InvoiceSherpa 50

(2)

Get paid faster - automate your accounting processes. Cash flow management software automatically chases up late invoices. More Information...


trial/premium
Digital Purchase Order

Digital Purchase Order 49

(0)

This award winning, cloud-based purchase order software simplifies the purchasing workflow and removes the need for multiple emails and manual approval routing. More Information...

PennyPipe

PennyPipe 49

(0)

Sync charges, fees, and more from Stripe and PayPal into QuickBooks or Xero. More Information...

Satago

Satago 49

(0)

Transform your cash flow with Satago - Connect to your accounting software in minutes and get paid on time, save time and reduce risk and access short-term funding. More Information...

i-Sight

i-Sight 49

(0)

i-Sight is relied upon by hundreds of corporations and government agencies to help conduct better investigations. More Information...


premium only
boberdoo

boberdoo 48

(0)

The boberdoo lead distribution software will save countless hours and position you to maximize your revenue on every lead. More Information...

BQE Core

BQE Core 48

(0)

BQE Core is available as a stand-alone solution, self-hosted or a cloud service, and offers integrated business accounting, project management, and business intelligence. More Information...

Rerun

Rerun 48

(0)

Rerun is for any business, organization or association that wants to automate their recurring, subscription or membership billing via ACH (bank transfer) and credit card. More Information...

Business by Miles

Business by Miles 47

(0)

BUSINESS™ combines Accounting, CRM, HR, and project management software into one powerful software solution. More Information...

Declaree

Declaree 46

(1)

Declaree enables your employees to digitalize their expenses on the go with a smartphone app instead of filling out expense forms in Excel or on paper. More Information...

Debtor Daddy

Debtor Daddy 46

(0)

Nip payment issues in the bud with Debtor Daddy, automated receivables management software that sends friendly payment reminders automatically to make sure you get paid. More Information...

CreditOnline

CreditOnline 45

(0)

Loan management system ready for any aspect of loan business with fully automated loan life cycle process. With over 80 successful projects in 8 countries over past 6 years. More Information...

Locomote

Locomote 43

(0)

As the world's most powerful travel platform, Locomote simplifies business travel for road warriors, travel managers, and everyone in between. More Information...

BrokerSumo

BrokerSumo 43

(0)

Back office, commission management and accounting software for real estate brokerages and agents. Manage your agents, commissions, accounting, reporting, payments & billings. More Information...

Optimy

Optimy 43

(1)

The Optimy Solution helps sponsorship, CSR, grants, and community investment professionals to improve their performance across the entire lifecycle of a project. More Information...

Visual Lease

Visual Lease 42

(0)

Visual Lease is a SaaS platform that manages and visualizes your leased asset portfolio, while enabling compliance ahead of 2019 FASB/IASB accounting changes. More Information...

hCue Pharmacy Software

hCue Pharmacy Software 41

(0)

GST ready Pharmacy Software/Medical Store Software that empowers you to increase revenues and take your business to the next level. More Information...

Cardlife

Cardlife 41

(0)

Cardlife helps businesses to take control of their subscriptions payments. If you're still using spreadsheets and accounting reports, it’s time to save money and work faster. More Information...

Crowd Valley

Crowd Valley 41

(0)

The Digital Back Office for Online Investing and Lending. Build your own fintech application without worrying about your own backend. More Information...

Katipult

Katipult 40

(0)

Investment management software for commercial real estate. Raise capital and manage investors with a full cycle product, from deal marketing through to investor reporting. More Information...

Aptora

Aptora 39

(1)

Aptora Total Office Manager is a complete field service management tool. More Information...

DealCloud

DealCloud 39

(0)

The DealCloud Platform offers the finest capabilities to power the deal making process, going beyond the limitations of traditional CRMs putting clients capital to work. More Information...

Bric

Bric 38

(0)

Get analytics to maximize your teams' time and talents. Bric combines project planning, time tracking, and task management to analyzes your employee utilization and financials More Information...

Qvinci

Qvinci 38

(1)

Qvinci is a powerful web-based financial reporting, consolidation and benchmarking tool that provides complete visibility into a client or organization's finances. More Information...

eXtremeDB

eXtremeDB 38

(0)

eXtremeDB in-memory and/or persistent DBMS starts at 150KB. Scales to TB, can utilize SQL or native APIs. Optimized for Edge, Gateway, or Server. Secure encryption. More Information...

360 Contract Billing

360 Contract Billing 37

(0)

This application enables NetSuite users to transition their business to a subscription-pricing model or optimize their existing subscribers all within the NetSuite platform. More Information...

CheckRecipient

CheckRecipient 37

(0)

CheckRecipient uses AI and machine learning to automatically identify anomalies and mistakes on outgoing emails which may result in inadvertent data loss. More Information...

Blink

Blink 36

(0)

Blink is the simplest and fastest way for companies to deliver integrated digital experiences to their people. The single pane of glass into all your apps, data and workflow. More Information...

ezyCollect

ezyCollect 35

(2)

ezyCollect automatically manages receivables and can help to chase payments more proactively, saving you time and allowing you to chase more customers in your working day. More Information...


trial/premium
Passport

Passport 35

(0)

Passport software offers comprehensive business software solutions for small and medium-sized enterprises. More Information...

Margill Loan Manager

Margill Loan Manager 35

(1)

Manage costly calculation errors, risk and bad debts, staff time and productivity, access to critical, consolidated information, accounting reporting time, and more. More Information...

Paytradie

Paytradie 34

(1)

Built specifically with the tradie in mind, Paytradie is a user friendly, jargon free, affordable, light accounting package. More Information...

CloudBooks

CloudBooks 34

(1)

CloudBooks is Free Online Invoice Software with Time Tracking, Project Management, Expenses and Reporting features. More Information...

LawGro

LawGro 34

(0)

LawGro offers a cloud & mobile based legal practice management software powered by Artificial Intelligence & driven by real time analytics. More Information...

Xcopy

Xcopy 34

(1)

Xcopy allows you to operate and sell any app as a SaaS model. More Information...

SutiAP

SutiAP 33

(0)

SutiAP expedites the procure-to-pay cycle by streamlining payment processes and enhancing compliance across the systems. More Information...


trial/premium
Bearbuk

Bearbuk 32

(0)

Bearbuk is new age online accounting software app that helps you to manage your sales, inventory and accounting. More Information...

MyVCM

MyVCM 32

(0)

Ostendio’s MyVCM platform streamlines the way your organization manages security, compliance, and risk. More Information...

CAMSAO

CAMSAO 31

(0)

Camsao is the easiest way for companies and teams to securely track compliance activities and avoid mistakes. More Information...

Cuffr

Cuffr 31

(0)

Cuffr was built to help freelancers, small businesses and nonprofits collect payments with the lowest fees possible. More Information...

ZhenHub

ZhenHub 31

(0)

A cloud-based inventory and order management system for online merchants. Manage all your inventory and orders from a single online dashboard. More Information...

HSEQ Innovate

HSEQ Innovate 30

(0)

HSEQ offers tailorable EHSQ solutions, built on Microsoft technologies. It integrates with existing IT to support business processes, create reports and identify trends. More Information...

JigoCloud

JigoCloud 30

(0)

JigoCloud is a cloud based inventory management system with integrated web based POS and eCommerce provider. More Information...

WaterworksLMS

WaterworksLMS 30

(0)

Perfect solution for water utilities, municipalities, and HOAs looking to replace their old PC program with an excellent billing, CRM and payments platform. More Information...

NEXTBUY

NEXTBUY 30

(0)

NextBuy is a complex solution to manage procurement processes in the areas of Supplier Relationship Management, Strategic Sourcing, and Operational Procurement. More Information...

SutiWEM-S

SutiWEM-S 30

(0)

Streamline your wireless expense management process and find savings across the spectrum of your mobile related services with SutiWEM-S. More Information...

SoftLedger

SoftLedger 30

(3)

SoftLedger is tech-forward cloud accounting software for growing small and mid-sized businesses, with GL, AR, AP, purchasing, inventory management, reporting, and more. More Information...

Essence Intelligence

Essence Intelligence 30

(0)

Essence Intelligence is a state-of-the-art content harvesting, analysis, and ranking platform, powered by a proprietary Artificial Intelligence (AI) engine. More Information...

My Task

My Task 30

(1)

MyTask is a completely flexible package that serves each and every business, professionals and entrepreneurs alike More Information...

Spendy

Spendy 29

(0)

Spendy is a simple and convenient service that allows keeping track of the money you spend on your startups and websites. Only your expenses and nothing else! More Information...

Ramco Global Payroll

Ramco Global Payroll 28

(0)

Ramco offers Global Payroll across 35+ countries (with partners 108 countries) on a unified HCM platform. More Information...

SDK.finance

SDK.finance 28

(0)

Powerful FinTech Engine that simply works. SDK.finance is the back-end software for the quickest start of FinTech products for banks and entrepreneurs. More Information...

AutoAlert

AutoAlert 28

(0)

AutoAlert Job Management helps companies with remote workers manage their jobs and raise their invoices. This helps in reducing admin, reducing costs and increasing profits. More Information...

Gain ERP

Gain ERP 28

(0)

Gain ERP offers enterprise class Accounting, Billing, Inventory and SaaS model services for the SMB market. More Information...

FieldAx

FieldAx 26

(0)

FieldAx is built on the most secure FORCE.COM cloud platform. FieldAx helps organizations to manage work tasks of any kind that need to be performed on location. More Information...

AtAssist

AtAssist 26

(0)

An all-in-one property management and accounting cloud-based solution to help manage multiple residents, properties, languages and currencies. More Information...

Atlas ERP

Atlas ERP 25

(0)

Atlas ERP is a cloud business automation system and your 24/7 working assistant. This inexpensive system is easy to implement and will come in handy even for small companies. More Information...

Easy Accountax

Easy Accountax 25

(0)

Easy Accountax is online cloud based accounting software that provide book keeping, payroll, self assessment, CRM, HRM, Stock Management and function. More Information...

iinsight

iinsight 25

(0)

iinsight is a web-based case management and reporting system, designed for allied health service providers including; vocational rehabilitation consultants. More Information...

Outseta

Outseta 24

(0)

Outseta is the only all-in-one platform integrating subscription billing, email marketing, support, CRM, and reporting tools for start-up subscription businesses. More Information...

PPC Protect

PPC Protect 24

(0)

Click fraud detection and protection for AdWords advertisers. More Information...

CreditHQ

CreditHQ 23

(0)

CreditHQ helps you get control of your cash through financial insights to ensure your business is trading with the best customers & suppliers and helps you get paid on time. More Information...

Arachnys

Arachnys 21

(0)

Arachnys simplifies enhanced due diligence, managing regulatory and reputation based risk, beyond basic sanctions and PEP list screening. More Information...

TaxRates

TaxRates 20

(2)

Tax Rates delivers guaranteed VAT Rates, GST Rates and Tax Rates directly to you through email, SMS, Excel Add-in or API Automation More Information...

Zimple

Zimple 20

(0)

Cloud based solution for private and regulated lenders; automates loan accounting, ACH payment processing and provides a common work space. For Enterprise, SMB & Consumer. More Information...

ProcurePort

ProcurePort 18

(0)

ProcurePort provides a state of the art Cloud Hosted Spend Management Software combined with e-Sourcing and Spend Analysis. Fully automate your e-Procurement using ProcurePort More Information...

FinSentS

FinSentS 17

(0)

FinSentS is a cutting edge information portal powered by proprietary Natural Language Processing technology. It is coupled with a low latency algorithmic trading portal. More Information...

Promys Enterprise PSA

Promys Enterprise PSA 15

(0)

Promys Enterprise is a fast, intuitive and secure PSA software, that automates the entire business process. More Information...

Fraudhunt

Fraudhunt 14

(0)

FraudHunt is the prime anti-fraud solution for detecting bots and fraudulent traffic across all devices. We'll help your website get rid of fraudsters. More Information...

Tradogram

Tradogram 14

(0)

Simplify Procurement. Manage your direct & indirect purchasing on your own private purchasing platform. More Information...

Owlin

Owlin 14

(0)

Never miss a risk, opportunity or emerging trend. Our news analysis algorithms provide you with intelligence on all events relevant to your business in near real-time. More Information...

Datapo

Datapo 8

(0)

Datapo is a changelog for worldwide companies that helps competitors to analyze activities at homeland and foreign markets. More Information...

FinPro

FinPro 6

(0)

Providing timely analysis and insight that drives profitability; the 100% Excel-based, real-time interface empowers businesses with meaningful reporting to optimize operations More Information...

Formula Stocks

Formula Stocks 4

(0)

Formula Stocks provides access to stock recommendations with a historical 92% win rate and average annual returns of up to 35%. Invest intelligently! More Information...

Accounting & Finance Software Guide

What is Accounting & Finance Software?

Accounting and finance software is any tool or solution that enables businesses to automate processes and functions related to bookkeeping and accounting. Businesses use these software products for basic bookkeeping and more complex tasks, including generating financial reports based on which they make informed decisions regarding the growth and progress of the business.

Accounting and finance software offer tools and features that businesses can use for managing their payments and invoicing, accounting and budgeting, tracking expenses, and tasks related to a wider scope, such as tax and risk management and fraud detection. Keeping track of finances is an integral task for any business, to ensure compliance and reduce the risk of irregularities.


How to Choose Accounting & Finance Software

Crucial features of accounting and finance software include automation of basic tasks, such as bookkeeping and accounting. Handling these tasks manually increases the risk of errors and discrepancies. This is why accounting and finance software products include features that enable businesses to create financial reports and keep track of the money coming in and going out from the business automatically. Some types of software offer more comprehensive features, covering payroll functions and inventory management.

In most cases, the top accounting and finance software solutions cover each of these functions and processes. Some software applications also offer integrations with bank accounts and in some cases, handle currency conversion. A majority of vendors offer customization features for their software, and hence businesses can choose the features and tools they require. The software, thus becomes a central solution through which companies can manage their accounting and finance tasks, regardless of the complexity of the process.

Using comprehensive software shouldn’t mean that you have to spend extensive time and effort on learning to use it. Software should be simple, regardless of the task you perform. This is particularly important for tasks that are data-intensive, such as investment management, fraud detection and loan management. This is why it is important that the software you select is equipped to handle large volumes of financial data, thereby giving you a better chance of automating the processes that you usually handle manually.

Last, but not least, you need to select accounting and finance software that offers a clean and clutter-free interface. This not only makes the software easy to use but also delivers a higher ROI. The end product will be financial reports that you can base your future decisions on, hence the software should be equipped to deliver said reports.


Subcategories of Accounting & Finance Software

  • Accounting: Accounting is among the most crucial tasks a business has to perform. Accounting requirements vary from basic, such as crediting and debiting accounts, to advanced, such as generating income statements and balance sheets. Accounting software solutions automate processes in line with the relevant accounting rules and regulations and according to the relevant standards. Using this type of software, businesses can handle accounting in a convenient and organized manner. Accounting encapsulates a number of subcategories mentioned below, including tax management, payments and invoicing, as well as financial reporting.
  • Budgeting & Tracking: Budgeting and tracking expenses is an integral part of running a business. Businesses have to project the amount of money they will spend during a particular financial period. At the same time, they have to track the amount they have spent at different stages. Budgeting and tracking solutions enable businesses to automate and organize their budgeting process. They can conveniently create tables and charts to keep track of their expenses through an accounting and finance software. Every aspect of budgeting will fall under this subcategory.
  • Compliance: Businesses have to comply with a wide range of tax laws and regulations when preparing their accounts and financial reports. Compliance solutions for accounting and finance software ensure that the reports the users generate are not only accurate but also legally compliant and reliable. Some of the common compliance issues include sales tax and income tax. Anything related to compliance with accounting and finance laws falls under this subcategory.
  • Financial Reporting: Financial reporting is a legal requirement for businesses. Businesses have to maintain a record of their finances, including the money they earn and spend during a financial period. Effective financial reporting requires compliance with the relevant accounting laws and standards and an accounting and finance software should provide the tools necessary for effectively generating financial reports. Every aspect of financial reporting will be categorized under this heading.
  • Fraud Detection: Accounting fraud is a major concern for businesses around the world. Particularly with the rise of online tools for accounting, detection methods have improved significantly. Efficient accounting and finance software should incorporate features and tools that enable quick fraud detection by pointing out inconsistencies, anomalies and irregularities in a business’s financial records. Fraud detection is a specific subcategory that needs attention.
  • Investment Management: Investment management involves a great deal of speculation, calculation and estimation. The accounting and financial reports have to be generated in line with the current and future investment returns the business expects, either for its own investments or when handling investments on behalf of their clients. Investment management solutions can simplify the process.
  • Loan Management: Managing loans effectively is crucial for businesses. Any oversight or mistake in handling a loan can lead to legal sanctions and loss of reputation, and effectively ruin the business’s credit rating. Top accounting and finance software solutions tend to incorporate the necessary features for effective loan management, regardless of the number of loans a business is managing at a particular time.
  • Payments & Invoicing: Payments & invoicing is the lifeblood of a business when it comes to accounting and finance. Without effective payments and invoicing management, a business will not be able to track its income and expenses. At the same time, they will lose track of the cash flow. At its core, payments and invoicing seems like a routine function the business can handle without hassle but the intricacies of the task coupled with the frequency at which it occurs make automation necessary. Virtually every accounting and finance software offer solutions for this particular function, enabling businesses to tally their payments and invoicing, including handling debts and following up with clients that have not honored their commitments. Each aspect of payments and invoicing will be considered under this subcategory.
  • Purchasing & Expenses: Purchasing & expenses is a vital part of the day-to-day operations of a business. Businesses have to purchase inventory and supplies to be able to deliver their products and services to clients. Purchases lead to bills that the business has to settle. Since purchasing is an ongoing function, it has to be tracked all the time. Simultaneously, businesses have to track the expenses they are incurring, including the cost of purchasing. Accounting and finance software provide solutions through which a business can keep a complete record of their purchases and expenses.
  • Risk Management: Risk management is an integral part of modern business. When a business plans to invest in a new venture for example, it performs significant risk assessments and audits to analyze the level of risk to be managed over the course of the project. Risk management involves constant monitoring of the major factors that will determine the financial success or failure of a project. Accounting and finance software that provide risk management solutions can make this task easier for businesses.
  • Stock Trading & FX: Stock Trading software helps business keep on top of their equity portfolios. Many solutions provide a trading environment and offer data / market analyses to streamline investment processes. On the other hand FX solutions allow you to track currency exchange rates and to mitigate FX related exchange risks.
  • Tax Management: Businesses have to file taxes at the end of each financial period. They also have to keep track of their employees’ income tax and other tax liabilities that are applicable to the business. This type of accounting and finance software enables businesses to calculate the taxes due at the end of a financial year and file them accordingly.

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