Users say that after a small learning curve, the software is easy to use and navigate. They also like that it has lots of reporting features and easy data backup capabilities. Intuit QuickBooks has a 4.3-star rating and a 4.4-star rating on Capterra and G2, respectively, with over 6,700 reviews on the two platforms. Users say the software is comprehensive in its accounting features and easy to use. However, they say that solving an issue can be time-consuming and frustrating.

The Best Enterprise Accounting Software

Also, the types of accounting methods that are important to you will depend on the specific needs of your business. For example, if you run a small freelance business, project-based billing might be the most important feature. Or, if you plan to do some work on your mobile device, a full-featured mobile app might be at the top of your list. This feature connects the software to your business bank and credit card accounts to provide a daily update of your transactions. It also gives you a daily, rather than monthly, overview of your accounts. A real-time bank-feed feature can assist with reconciliation, which allows you to make it a small daily task rather than a monthly ordeal.

More Than Just Bookkeeping

• Keeping a tight grip on finances is critical for the success of small businesses and freelancers.
• Enterprise accounting software usually has a modular design, meaning the software can be bought in bits and pieces.
• Most steps offer step-by-step guidance so you always know what to do next.
• The app supports multiple currencies and has a smart selection of features for very small businesses.
• The best accounting software integrates with other key business systems, like payroll software and HR software, thereby eliminating the need to enter the same data manually in multiple systems.
• You can usually turn tools on or off, which can help you either simplify the user interface or maximize the functions.
• The Forbes Advisor Small Business team is committed to bringing you unbiased rankings and information with full editorial independence.

To do this, companies make hypothetical scenarios that may involve predicting future financing needs, allocating funds and organizing spending around cash flow, or creating budgets. Business accounting provides companies with the financial insight and records to make strategic and smart projections and budgets. Your large company provides important professional services to your clients.

Key benefits of enterprise accounting software

If you log more than a few transactions a month, the lack of automation adds major time and hassle—you’ll want the $40 a month (or $50, billed monthly) Professional plan instead. The cost of outsourcing these functions must make sense for your business based on the level of service it needs and your budget. You should expect to pay more for accounting services as a business than you would as an individual because there are more functions to perform.

• Although it’s a critical business process, payroll is often challenging and complex.
• To add to the software’s ease of use, templates make setting up automations intuitive.
• Once you’ve landed on the custom reports you need, you can view, print or export them using Excel, email, pdf format, text or html format.
• And if you’re interested in pursuing business leadership positions, you might want to consider earning a master’s in accounting.
• ZipBooks’ paid plan starts at $15 a month and offers better bookkeeping and automation features than its free accounting plan.
• Kashoo is cloud accounting software for small business owners who want the simplicity of doing their own books.

In fact, two-thirds (66%) of respondents said their firms were going to be streamlining their processes over the next two years, and 47% said they were eyeing new technology solutions, up from 41% in 2023. When it comes to talent, perhaps the most daunting challenge facing firms is finding personnel with the requisite tax experience and technical skills necessary in today’s environment. In fact, 64% of respondents said recruitment in 2024 was likely to be highly or somewhat challenging. By providing feedback on how we can improve, you can earn gift cards and get early access to new features. The sheer volume of Xero’s app integrations means it will likely complement any system you are currently using or be compatible with any new solutions you add in the future.

AccountEdge provides a meticulously crafted suite tailored to small businesses. Grounded on the desktop, it offers a suite of command centers addressing various facets of your business, from sales and invoicing to payroll, accounting and inventory. Its commitment to the evolving demands of modern businesses is evident through the optional cloud app, AccountEdge Connect. This app provides remote accounting capabilities without compromising the foundational features of the desktop software. In addition, the AccountEdge Hosted option provides remote access from any device, offering flexibility to businesses.

We use product data, first-person testing, strategic methodologies and expert insights to inform all of our content to guide you in making the best decisions for your business journey. We weighted each category equally to derive our star ratings, along with our accounting expert’s opinion and advice. The handholding begins as soon as you sign up with Pilot and are immediately assigned a dedicated bookkeeper as your account manager. That person is your point of contact who will come to know you and your business. Paro’s algorithm matches you with a few candidates for you to screen, and, when you find one you want to hire, Paro makes the introduction.

On the project discussion forum accessible from a project’s page, I could even attach documents such as checklists, and the entire team could discuss the project via a chat-like feed. TrustMaps are two-dimensional charts that compare products based on trScore and research frequency by prospective buyers. Since they are internet-based, most cloud software programs are designed to work well with both PCs and Macs.

Accounting Software Features

• Recently, the company added an $8-per-month charge for scanning expense receipts, which puts a dent in its appeal, though it’s still an excellent service that gives you a lot for free.
• Head over to our piece on the best payroll software for small businesses.
• UNC Greensboro’s accounting program is accredited by the Association to Advance Collegiate Schools of Business (AACSB).
• Depending on the complexity of your business, installation, feature selection, onboarding, and even ongoing support, can all save significant time, at both the implementation stage and if anything ever goes wrong.
• If you’re willing to pay a bit more ($25 a month), Sage Accounting adds unlimited users, quotes, estimates, cash flow forecasting, and purchase invoice management.

I was then taken through a two-step process to verify my identity using my email and mobile phone. I asked the company for a demo account I could use to test the NetSuite Accounting software and was not granted a testing account. However, NetSuite earns a 4.1 rating on Capterra with 1,458 user reviews and a four out of five-star rating large business accounting on G2 with 3,080 user reviews. However, they complain that it is not as easy to use on a Mac computer and the interface looks dated on these devices. When I tried testing this software on a Mac computer, I experienced one glitch after another with installation, making it impossible to even download the software and get it going.

• In all cases, it’s important to crunch the numbers to see what rate or form of billing makes sense for your business.
• Running a large company is challenging, so why not make life easier by simplifying your bookkeeping process?
• If you do the latter and have established a relationship with a payment processor, then your invoice can contain a stub explaining how the customer can return payment via credit card or bank withdrawal.
• 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.
• They reconcile your accounts and close your books at month’s end to prevent errors.
• You can also view each account’s online register, which contains transactions that have cleared your bank and been imported into your accounting app (along with those you’ve entered manually).

Summary: Best Cloud Accounting Software

Finally, there are many online resources, such as accounting forums and blogs, that can teach you how to use accounting software. If you’re on a budget, you can reduce costs by opting for a less expensive plan, choosing à la carte options or only paying for the features you need. Tabs along the top of the accounting page also gave me access to my banking activity.