Top 10 Accounting Software for Professionals

In this day and age, technology and software development has made it a lot simpler for people to carry out complicated tasks in a short span of time. If you take accounting for instance, previously, it took quite long for professionals to create balance sheets, track payments, budget and keep records of finances and taxation. Now, things have changed hugely and there are different accounting software that can help people manage their financial transactions efficiently and quickly. 

There are many accounting programs and software that you will come across and it might be confusing to pick the best or most suitable one for your requirements. In order to make the choice easier, here is our list of top ten accounting software that offer multiple useful tools and services. 

1. Xero 

It is one of the most useful accounting software that you could find in the market presently. Xero comes with features such invoicing, customized accounting entries and smart tracking of expenses. The application can be run on your smartphones as well and the software can adapt well to both iOS and Android operating systems. Working with Xero to manage financials has many benefits, but it can be taken one step further by integrating other financial tools. Taking this step will help you avoid doing any manual transactions and allow you to see your transactions synced and reconciled directly into your Xero account. This will save you time and help you manage your finances better.

For small business owners, this accounting software can be great as it is easy to learn and comes with affordable payment plans as well. If you are looking to start your own accounting firm or offer consulting services, you should also consider getting Xero for managing client accounts or monitoring various projects. 

2. FreshBooks 

This is accounting software is cloud-based and happens to be a top choice for many people, be it accountants or startup owners. As a professional in the field of accounting, FreshBooks could work out very well for you. It connects to banking easily, allows people to generate recurring invoices, accept payments in different currencies and record time and billing of each project. If you have already gotten your accounting firm logo design, then just add it to the panel to complete your branding. 

The application can make it easy for accountants and CPAs to track their retainer fees and send reports to their clients accordingly. 

3. Momenteo

If you are a freelancer or self-employed person looking for something simple to create invoices and manage your small business, Momenteo can be a great option! Indeed, you can easily manage your work, work times, expenses, and travels with the help of their intuitive calendar. They break down the complexity of accounting into a single question: what have I done today?

Create great-looking invoices and estimates in just a few clicks. You can also try it for free, without any time limit. Indeed, their subscription system works in accordance with your business evolution. Momenteo is the best friend of freelancers!

4. QuickBooks

QuickBooks is a popular name in the world of business and accounting. According to its developer and distributor, Intuit, the accounting software is already being used by millions of small to mid-range businesses across the globe. It has a cloud-based version that you can easily use from anywhere or download it to your desktop too. 

The software is designed to make it for people to file tax returns and send or receive documents from clients or other accountants. 

5. Account EdgePro 

This is a widely recognized accounting software that has made tracking finances a smooth process for many users. It can allow you to bill according to time spent on each project, create invoices and maintain a flow of payroll. 

Account EdgePro can be integrated with UPS shipping as well as Shopify making it a good choice for business owners everywhere. 

6. Kashflow 

The accounting software with a very catchy name might get your interest and it could be a great pick for you. It has multiple tools which can help people manage their payroll, accounts and taxation. If you wish to access it via your mobile, you can download its app and track expenses without any problems. Kashflow can also be connected to bank accounts and help you generate quotes for clients. 

It has different packages or editions and you can go with one that matches your needs or requirements. 

7. Zoho Books 

It might come as a surprise to you but this accounting software was developed in 1996 in India and now has a global presence. As an accountant or CPA professional, this program can help you get information or updates from your clients in real-time. Zoho Books has various products such as CRM and inventory tracking which might be a great help to business owners. 

This multi-purpose program can make it easier for you to manage your workload and improve your performance as well. 

8. Wave Accounting 

Wave Accounting is a very user-friendly accounting software that is quite easy to operate for anyone, even those with no experience in accounting. You can connect it with your bank accounts to monitor transactions and generate reports on profit and loss quickly. 

This software offers some features free of cost while for others like credit card payments and payroll, you might be charged a minimal free. 

9. OneUp 

The accounting software offers tools and features for sole users as well as business owners. So if you want to keep a track of your cash flow, monitor monthly expenses and create efficient balance sheets, this is the program for you. 

OneUp also has the option of entering or updating any expenses manually as well. 

10. Kashoo 

It is a great accounting software for managing payments in multiple currencies and supporting credit card transactions from any platform, be it Visa, Mastercard or Amex. The interface of Kashoo is quite easy to navigate and you can find all your finances updated in the dashboard. 

This is one program that really simplifies accounting and makes it easier for accountants and business owners to manage finances for their clients or customers. 

To Sum Up

These are some of the top accounting software that you need to consider in your profession to simplify your day to day work. You can look up any of these and make your pick according to your budget, clientele and projects. 

Author Bio

Jessica Thomas hails from a small town in Texas. She has a degree in Psychology but pursues her passion for writing through freelance work. When not writing she likes to spend her time cooking and travel the world.