Accounting Software is needed for every small business because it gives the clear picture of company’s financial health. There are lots of accounting softwares available in the market and it is difficult to choose which one suits your Business. That’s why it is important to make sure one is very clear on the expectations from the accounting software.
What is an Accounting Software?
Accounting Software is package of computer application that maintains company’s financial data creates financial reports of the company automatically. It records all the financial transactions happening in the company. It offers accounting, inventory management, accounts receivable, general ledger, billing accounts payable and a variety of other standard things. This software is made for business owners, accounting teams, managers, and HR. It handles Accounting Activities and is helpful in making your office paperless.
As we all know, it’s very difficult to maintain each and every record manually as it is time consuming as well as unmanageable. Accounting software also gives the accurate reports depicting the financial health of the organization. We usually recommend our customers to go for online accounting system( cloud based) than the desktop based. This article gives information about Top 7 Cloud-Based accounting softwares.
Top 7 Best Accounting Software for Business Processing
Top 7 Software that offers accounting features including Inventory Management, Invoice, Orders, Sales, and Purchase etc. We have listed some Accounting software with features:
1. Zoho Books:
- Integration with Payment Gateways, Zoho Apps
- Automatic banking feeds
- Workflows
- Multi-currency support
- Availability of APIs – can be easily integrated
- Offers a client portal
- Built-in Integrations with most of the Zoho APPs and very deep integration with Zoho Inventory
- The price point is very attractive
- Integrations through KloudConnectors: KloudConnectors available for Magento, WooCommerce, Bigcommerce, Prestashop, Zoey, XCart.
- You can start a free trial of this software here
2. Xero:
- Unlimited free email support
- Automatic Banking feeds
- It also does Payroll for few countries
- Multi-currency support
- Excellent community support and backed by chartered accountants / CPAs across the globe
- Excellent APIs – Integrates with many other software
- Integrations through KloudConnectors: KloudConnectors available for Constant Contact, Zoho CRM, Magento, Shopify, XCart, Prestashop, Zoey.
3. Kashflow:
- Integrates with Payroll, Dropbox, Google Contacts and more
- PayPal integration
- UK-focused, UK-hosted and UK-supported accounting software
- Has APIs so can be easily integrated
- Integrations through KloudConnectors: KloudConnectors available for MailChimp
4. FreshBooks:
- Probably one of the best invoicing software which transformed itself to Accounting software
- FreshBooks integrates with the following business systems and applications: Shopify, Zendesk, Google Apps, MailChimp.
- Customizable invoices
- Expense and Time Tracking
- Average API – API is a bit complicated compared to others.
- Integrations through KloudConnectors: KloudConnectors available for Zoho CRM, Insightly.
5. Freeagent:
- APIs – Developers can use the API to create their own integrations and apps.
- Multi-Currency: Exchange rates are updated once per day.
- Focused mainly on the UK but has good adoption in the US as well
- Payroll (UK Only): FreeAgent supports running a monthly payroll.
- Integrations through KloudConnectors: KloudConnectors available for Zoho CRM, Insightly, Highrise.
- By far the most improved software from the early days. Has excellent feature sets and leader in this segment
- APIs – Excellent APIs
- Supports multiple Departments and locations.
- Bundles inventory
- Integrations through KloudConnectors: KloudConnectors available for Zoho CRM, Bigcommerce, Shopify, Magento, Zoey, XCart, WooCommerce
7. Kashoo:
- It can capture and track Expenses, create and send invoices, accept payments
- Dashboard, reports
- Bank Feeds
- Good Customer Service
- Integrations through KloudConnectors: KloudConnectors available for MailChimp
