Accounts and accountants have been strong pillars supporting the business since the beginning of time. However, as time progresses, accounting systems are also changing. The way of working of accountants has changed in today’s technological age. Sitting in one room, being surrounded by books, bills, bank statements, etc. and manually calculating them throughout the day has all changed in the field of accounting because now accountants have lots of software to deal with all this. There is some such software that is automated and with their help, the workload of the accountant is reduced and the efficiency of the accountant is also increasing.
Here is the best accounting software that accountants should know:
ZohoBooks is online accounting software that was founded in 1996. Zohobooks offers a wide range of features like automated bank feeds, run financial reports, manage inventory, invoices tracking, send payment reminders to clients and vendors, etc. Zohobooks provides easily reconciliation feature for the client’s bank accounts/ transactions and it can also connect online with the client.
Netsuite is an American cloud company founded in 1998 and provides an ERP. This is Enterprise Resource Planning Software but financial transactions and other accounting related work can be done in it.
Freshbooks is accounting software and founded in 2002 that owned by 2ndsite Inc. This software is cloud-based and we can access through desktop and mobile devices. The main features of this software are Automatic expense import, Customized invoices, personalized thank you emails, Credit card processing, Reminders & late fees, Request deposits, etc.
This is also one of the leading cloud-based accounting software that provides easy access to entry-level to highly experienced accountants. Its main features are Automatic tax calculations, Banking data synchronization, Invoice management, Custom invoices, Estimate creation, Mobile receipt capture, Bill management, etc.
Sage50Cloud is online accounting software that was released in 2019 and mainly developed by Sage Group for small and medium-sized businesses. This software comes with 70 plus integrations and a customizable dashboard. This software offers features tracking of income & expenses, budgeting, reconciliations, Mobile invoicing, pay bills electronically, print paper checks, Financial consolidation, etc.
Xero is online accounting software that helps small and medium-sized business books. This software is cloud-based and developed by New Zealand based public technology company. Xero is also involved and competes in the running of all these software. This software offers a wide range of services like invoicing, expense management, bank and credit card reconciliation, integrations, payroll management, etc.
FreeAgent was founded in 2007 in Edinburgh, United Kingdom. It is a very popular cloud-based accounting software aimed at providing services to small business accountants. The software has also received the Accounting Excellence Award for 2018 and 2017. The software has its own dashboard and provides accounting services like invoice templates, send automatic estimates, allows customizing invoices, automates bank feeds, PayPal / Stripe / GoCardless integrations, tax calculation, etc.
Clearbooks is a UK based small and mid-size accounting software. It’s free online spreadsheet software for small businesses to record invoice details, money received, and expenses. The software is perfect for recording all invoice details, tracking expenses, the transaction of money (in and out), bank reconciliation, and other accounting-related information while providing a spreadsheet type view.
Today we are living in a technology-driven world where it is not difficult to find any accounting software. Most of the above software is for those businesses which are easy for accountants. Due to the feature of online bookkeeping of this software, many small and mid-size businesses also do outsource bookkeeping as it is more, easier and safer. Online accounting software makes it easy to keep financial records of business owners in one tab.
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