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<p>Source: <a href="https://crozdesk.com/accounting-finance/accounting-software#top-list" target="_blank">Accounting Market Research</a>, Crozdesk</p>

Best Accounting Software in 2018

The Accounting Software-as-a-Service (SaaS) market is dominated by a few major vendors that offer very homogeneous accounting products focused on simplifying the bookkeeping process for businesses of varying sizes.

Differentiation tends to be marginal through specialized add-on tools, integrations, reporting functionality, or pricing strategies.

Historically, Sage and Intuit’s Quickbooks product series have dominated the accounting software market. Since then, they also launched cloud-based versions of their products to serve a wider spectrum of small to medium-sized businesses.

Other players have entered the market in the past decade and raised the bar significantly with strong product offerings, carving out sizable market shares with no signs of slowing down their growth.

Compared to other markets where vendors are spread across all sectors of the Crozdesk Market Radar™, accounting software vendors focus on achieving growth.


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.  Read the full software guide...


Xero

Xero 91

(162)

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...

Freshbooks

Freshbooks 91

(221)

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...

FinancialForce

FinancialForce 88

(18)

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

Zoho Books

Zoho Books 86

(38)

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 86

(37)

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

Wave

Wave 84

(6)

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

Quickbooks Online

Quickbooks Online 78

(957)

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

FreeAgent

FreeAgent 78

(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...

Sage One

Sage One 76

(9)

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

Kashflow

Kashflow 76

(3)

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

Clearbooks

Clearbooks 74

(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...

BillQuick

BillQuick 64

(0)

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

SMACC

SMACC 60

(0)

SMACC is an online accounting software for Small and Medium Enterprises. Get Started Now with a 14 days Free Trial. More Information...

Boox

Boox 59

(3)

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...

MineralTree

MineralTree 58

(2)

A solution to save time on manually managing accounts payable process. It automates the invoice-to-payment process and fully integrates with the existing ERP system. More Information...

SutiExpense

SutiExpense 51

(0)

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

SutiSoft Spend

SutiSoft Spend 51

(0)

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

InvoiceSherpa

InvoiceSherpa 50

(3)

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

ezyCollect

ezyCollect 41

(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...

Qvinci

Qvinci 38

(2)

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...

My Task

My Task 34

(1)

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

My Entry

My Entry 32

(0)

MyEntry’s accounting software offers accounting solutions that are suitable for offline desktop, online web applications and also mobile applications. More Information...

Easy Accountax

Easy Accountax 31

(0)

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

SutiAP

SutiAP 31

(0)

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

CloudBooks

CloudBooks 30

(1)

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

Cloud Business

Cloud Business 26

(0)

We offer cloud-based solutions to small and medium businesses. More Information...

Bearbuk

Bearbuk 26

(0)

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

360 Cloud Accounting

360 Cloud Accounting 24

(0)

360 Cloud Accounting includes expenses, projects, sales, accounting, and reporting. More Information...

Mint

Mint 94

(1)

Mint is a money manager, budget and personal finance web tool. More Information...

17hats

17hats 85

(33)

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

Acumatica

Acumatica 82

(49)

Acumatica Cloud ERP provides a full suite of modern, integrated business management applications, including Financials, Distribution, Manufacturing, and CRM. More Information...

ChargeOver

ChargeOver 82

(14)

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...

Erply

Erply 79

(11)

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

WEB GST

WEB GST 72

(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 71

(0)

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

Printavo

Printavo 68

(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...

Ramco Global Payroll

Ramco Global Payroll 68

(0)

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

BQE Core

BQE Core 66

(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...

MoneyPenny

MoneyPenny 65

(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...

Kittysplit

Kittysplit 63

(0)

Kittysplit simplifies sharing expenses within a group. More Information...

AppZen

AppZen 61

(1)

AppZen uses Artificial Intelligence to automate T&E expense report audit and instantly detect fraud and compliance issues. More Information...

AFM Suite

AFM Suite 59

(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...

Zola Suite

Zola Suite 57

(0)

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

Cerillion Skyline

Cerillion Skyline 52

(1)

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

Business by Miles

Business by Miles 51

(0)

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

PennyPipe

PennyPipe 51

(1)

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

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...

BrokerSumo

BrokerSumo 48

(0)

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

Aptora

Aptora 44

(1)

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

Visual Lease

Visual Lease 44

(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...

Debtor Daddy

Debtor Daddy 43

(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...

hCue Pharmacy

hCue Pharmacy 36

(0)

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

Gain ERP

Gain ERP 33

(0)

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

Passport

Passport 32

(0)

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

Receiptron

Receiptron 31

(0)

Save receipts from your phone, no app required! More Information...

Aacesoft

Aacesoft 31

(0)

Aacesoft provides business management software for Mac and PC More Information...

LawGro

LawGro 30

(0)

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

AtAssist

AtAssist 29

(0)

@Assist is an all-in-one solutions company that creates affordable and easy-to-use solutions for small to large businesses. More Information...

Visyond

Visyond 29

(0)

Meet the future of financial spreadsheets. Powered by machine intelligence, Visyond's unique cloud spreadsheet Platform saves time, reduces errors and streamlines routine analytical tasks. 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...

Finstanon

Finstanon 17

(0)

Finstanon is used by companies who are using IFRS or US GAAP accounting standards. It provides financial performance evaluation reports. More Information...

Crozdesk Software Ranking 2017

Crozdesk Icon Top 10 Accounting Software in 2017 View All Products

Every business needs accounting software. Below you can find the top accountancy solutions for freelancers, startups, small and mid-sized businesses in 2017. All applications are ranked by our Crozscore algorithm - taking into account large amounts of market data. The primary ranking factors are: general user satisfaction and usability, features and overall popularity. Additionally, you can find quotes from our in-house software experts below to get a better idea of each winner's offering.

This ranking was published on July 20, 2017. For the most up-to-date Crozscores, user reviews and other information have a look at the full accounting product list.

1
94%
Freshbooks

Freshbooks (221) Most User Friendly

  • Crozdesk Icon Grey

Freshbooks is not a traditional accounting software. It aims to make invoicing and other accounting tasks dead simple for small businesses. If you simply want to track money going in and out of your business, don't need a complicated double-entry solution and are planning to hand off the key figures to your accountant once a year, Freshbooks is the way to go. More Information...

2
89%
Zoho Books

Zoho Books (38)

  • Crozdesk Icon Grey

Zoho Books is packed with features, yet provides a simple and fairly easy-to-use accounting setup that tracks money coming in and going out of your business. Its various automation features cut down on manual labor requirements. More Information...

3
87%
Xero

Xero (162) SME Pick

  • Crozdesk Icon Grey

Xero is a quickly expanding, powerful and very affordable solution that's an excellent pick for businesses who are looking for a versatile solution that is increasingly popular with accountancy providers. Its well-rounded product with easy reporting functionality makes it a joy to use. More Information...

4
83%
Wave

Wave (6) Most Affordable

  • Crozdesk Icon Grey

Wave is an all-in-one accounting solution primarily geared towards small businesses with 9 employees or less. It offers a well-rounded, powerful solution that is entirely free to use - with pay-as-you-go pricing on extra services, such as card and payroll processing. More Information...

5
80%
Sage One

Sage One (9)

  • Crozdesk Icon Grey

Sage has been providing on-premise ERP and accountancy solutions for decades now and have - with Sage One - finally built a solid cloud-based alternative for startups and SMEs. More Information...

6
79%
FinancialForce

FinancialForce (18)

  • Crozdesk Icon Grey

FinancialForce integrates seamlessly into Salesforce, so you can track opportunities from your sales funnel straight through to your final accounts. If your business runs on Salesforce and you want to have complete visibility over your sales and finance functions you should definitely consider adding FinancialForce to your software stack. More Information...

7
75%
FreeAgent

FreeAgent (21) Freelancer Pick

  • Crozdesk Icon Grey

FreeAgent is another solution specifically designed for very small teams. It is especially popular with freelancers and DIY wannabe accountants. If you have a small business and don't need any fancy frills, FreeAgent could be the right software for you. More Information...

8
73%
Clearbooks

Clearbooks (1)

  • Crozdesk Icon Grey

Clearbooks is a simple accounting solutions available for SMEs in the UK and the Netherlands only. Its simplified approach to day-to-day bookkeeping is a good pick for small teams who don't require a complicated setup. More Information...

9
68%
Quickbooks Online

Quickbooks Online (957) Market Leader

  • Crozdesk Icon Grey

Intuit's Quickbooks is the long-standing SME market leader in the US and many other western countries. However, user satisfaction has been flailing in recent years and newer solutions are increasingly stealing its market share. If you are looking for the most widely used solution - this is it! More Information...

10
60%
Boox

Boox (3)

  • Crozdesk Icon Grey

Boox is a UK only solution providing a full-stack accountancy service, combining its software with expert advice from dedicated accounting professionals. Its main user groups include contractors, freelancers and other small businesses. More Information...


This Software Ranking was published on July 04, 2017. All Crozscores are fixed as of that date.

Accounting Software Guide

What is Accounting Software?

Any digital solution that helps individuals or organizations to monitor and keep a record of their financial transactions can be called accounting software. Products in this category range from single-entry systems that help automate record keeping and check writing to double-entry systems capable of performing more complex accounting tasks for SMBs or larger companies.

Accounting software for business organizations usually comprises of some specialized modules, such as general ledger, accounts receivable and accounts payable. More advanced products may have functions for financial reporting and analysis, billing, payroll and fixed asset accounting.

You’ll also find accounting software solutions designed for a specific industry or market. These products usually come with some additional features specially designed for the target market. For instance, products targeting the non-profit market often come with grant management and fund accounting features.


What Accounting Software Should I Choose?

When choosing accounting software for your business, consider the degree of automation the software provides and its integration capability. For instance, you may need an accounting solution that will seamlessly integrate with your existing payroll or POS system. If your business is growing, you’ll need more automation to help reduce manual errors.

Depending on the size and nature of your business, choose either an integrated suite that combines multiple functionalities into one software package or an entry-level product that focuses on one particular area of enterprise accounting. Some common areas of focus include accounts receivable, accounts payable, financial forecasting and financial reporting. Choose a product that includes all the features you’ll need.

Accounting software usually features the ability to track daily expenses, create and send invoices, track payments, record sales and provide real-time reports on profit and loss. More advanced products often feature the ability to create customizable purchase orders, add attachments to bills and invoices, keep track of inventory, make collaboration with accountants and internal team members easier, support multi-currency accounting and create financial reports.

You’ll also find products that come with industry-specific features. For instance, if you are running a real estate firm, you may look for a product that automates commission calculations. If you often need to send financial reports to regulatory authorities, you may look for a product with strong financial reporting capability. Some products even allow you to report depreciations to your tangible assets, such as equipment and buildings. Other important considerations include scalability, user interface, ease of navigation and the number of users the system can handle.


Common Features of Accounting

2-Factor Authentication Adds an additional layer of security by requiring an extra step in the login process. Usually external devices are required for this or a text message with a verification code is sent to the user when trying to login.
Accounts Payable Keep on top of payables and manage what you owe to creditors and suppliers.
Accounts Receivable Track unpaid invoices and keep on top of what your customers and debtors owe you.
API Application Programming Interfaces (APIs) are programmatic intersections with external products or platforms that allow for custom integrations with your own solutions or other solutions you are using.
Balance Sheet A common financial statement used as a snapshot of a business's assets, liabilities and capital at a particular point in time.
Billing/Invoicing Issue bills and invoices to customers, often combined with tracking capabilities for outstanding payments.
BitCoin BitCoin support - a digital currency operating independently of a central bank.
Budgeting Planning and tracking capabilities for financial budgets and plans often used to manage funds across different departments or for investor / shareholder oversight.
Calendar Management Manage and update calendars for scheduling or consolidation of events across teams, departments or business functions.
Contact Management Manage large amounts of personal or business contacts in a centralized system.
CRM Integration This indicates whether integrations with Customer Relationship Management (CRM) software are supported by a software application.
Customer Management Manage customer databases and/or track outstanding shipments, payments and more.
Dashboard Dashboards are digital interfaces commonly used to visualise data or give quick access to important features and functions of online platforms. They often serve as an overview gateway in software applications.
Data Export Exporting functionality can be used to streamline the migration of data sets and information across systems, platforms or applications.
Data Import Importing functionality allows you to use data sets from other systems or platforms to cut down on data entry requirements or to more easily migrate records from similar applications you have used in the past.
Data Visualization Data visualization features render a visual interpretation of data sets through the use of charts, infographics and other visual cues generally in form of a reporting dashboard.
Expense Tracking Track employee travel and other expenses to stay on top of budgeting requirements and reimbursements.
External Integrations Integrations with other software products or platforms to improve efficiency and compatibility across systems.
Forecasting Forecast upcoming expenses, sales, revenue, user levels, etc. through the use of predictive methods and past data.
General Account Ledger Track transactions in the form of account information to prepare financial statements and reports.
Inventory Tracking Stay on top of inventory levels, to manage the storing, reordering or production of stock items.
Multi-Currency Support of different currencies for payments, accounting purposes, taxes, reports and more.
Multi-User Supports more than just one user account and generally allows for collaboration with colleagues.
Notifications Includes notification support and sends you alerts with information on important events and other time sensitive instances. For example through push notifications on mobile phones or email notifications.
PayPal PayPal support allowing for the transfer funds electronically or online payments.
Payroll Manage employee payroll to keep track of taxes due to the government, pension schemes and payments to employees.
P&L Support for Profit & Loss statements in financial / accounting systems.
SAP Integration Integrates with common SAP services.
Stripe Stripe support as a payment gateway allowing you to accept payments online and via mobile apps.
Supplier Management Manage suppliers and purchases required in the day-to-day operation of a business.
Tax Management Manage tax payments and reporting requirements to ensure compliance with local or national taxation regulations.

Latest User Reviews of Accounting

Erply
Matthias Kivi, -
"ERPLY has everything you need from a retai..."

CloudBooks
Dhaval Sharma- SEO Ahmedabad, Sr SEO Executive - Software Technology Works Inc.
"Amazing Product"

CloudBooks is a simply amazing product to use. It helps me to manage my complex tasks...

WEB GST
kanu sharma, -
"A Complete Solution for GST Compliances . "

i have been using this software and find this very helpful . it is an Integrated ASP-...

Xero
Mike Schmidt, Co-Founder - Dovetale, Inc
"Great and simple, but sometimes confusing"

For the most part, Xero is excellent. Saves a ton of time doing quarterly statements ...


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