15 Best Accounting Software Systems for Your Business in 2024

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To jumpstart your search, we compiled the top products in the category." /> <meta property="og:url" content="https://financesonline.com/15-best-accounting-software-systems-business/" /> <meta property="og:site_name" content="Financesonline.com" /> <meta property="article:published_time" content="2016-11-03T14:22:21+00:00" /> <meta property="article:modified_time" content="2024-10-28T13:03:49+00:00" /> <meta property="og:image" content="https://financesonline.com/uploads/2018/11/acco1.jpg" /> <meta property="og:image:width" content="1200" /> <meta property="og:image:height" content="628" /> <meta property="og:image:type" content="image/jpeg" /> <meta name="author" content="Daniel Epstein" /> <meta name="twitter:label1" content="Written by" /> <meta name="twitter:data1" content="Daniel Epstein" /> <meta name="twitter:label2" content="Est. reading time" /> <meta name="twitter:data2" content="22 minutes" />  <script type="text/javascript" data-noptimize> window.lazySizesConfig = window.lazySizesConfig || {}; //lazySizesConfig.expand = 1000; lazySizesConfig.expFactor = 4; </script> <script type="application/ld+json">{ "@context": "http://schema.org", "@type": "NewsArticle", "headline": "What is the best accounting software system for your business? The best accounting software system for your bu", "datePublished": "2016-11-03T14:22:21+00:00", "dateModified": "2024-10-28T13:03:49+00:00", "author": { "@type": "Person", "name": "Daniel Epstein", "url": "https://financesonline.com/author/daniel/" }, "publisher": { "@type": "Organization", "name": "FinancesOnline.com", "logo": { "@type": "ImageObject", "url": "https://financesonline.com/static/financesonline.com-logo-blue.png" } }, "inLanguage": "en", "image": "https://financesonline.com/uploads/2018/11/acco.jpg" }</script><script type="application/ld+json">{ "context": "https://schema.org", "@type": "QAPage", "mainEntity": [ { "@type": "Question", "name": "What is the best accounting software system for your business?", "answerCount": 1, "acceptedAnswer": { "@type": "Answer", "text": "The best accounting software system for your business is NetSuite ERP. It offers a comprehensive suite of tools, from invoicing and expense tracking to accounting reporting and project management. With a good mix of team collaboration tools and accounting solutions, it has become a go-to solution for businesses of all sizes across different industries.", "dateCreated": "2016-11-03T14:22:21+00:00", "author": { "@type": "Person", "name": "Daniel Epstein", "url": "https://financesonline.com/author/daniel/" } } } ] }</script><script type="application/ld+json">{ "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://financesonline.com/" }, { "@type": "ListItem", "position": 2, "name": "Accounting Software", "item": "https://financesonline.com/c/accounting-software/" }, { "@type": "ListItem", "position": 3, "name": "15 Best Accounting Software Systems for Your Business in 2024", "item": "https://financesonline.com/15-best-accounting-software-systems-business/" } ] }</script><link rel="alternate" type="application/rss+xml" title="Financesonline.com » 15 Best Accounting Software Systems for 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<ul><li><a href="https://financesonline.com" title="FinancesOnline">Home</a></li><li><a href="/c/accounting-software/" title="Accounting Software">Accounting Software</a></li><li><a href="/15-best-accounting-software-systems-business/" title="15 Best Accounting Software Systems for Your Business in 2024">15 Best Accounting Software Systems for Your Business in 2024</a></li></ul> <div class="why-fo-free"> <a data-modal="#why-fo-free" title="Why FO is free" href="#"> Why is FinancesOnline free <img src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" data-src="https://financesonline.com/media/themes/fot/dist/img/why.png" data-srcset="https://financesonline.com/media/themes/fot/dist/img/why.png 1x, https://financesonline.com/media/themes/fot/dist/img/why@2x.png 2x" alt="Why FO is free" class="lazyload"> </a> </div> <div class="clearfix"></div> </div> </div> <div class="main-container main-container--post"> <div class="single-page__content"> <div class="row flex-fixer flex-wrap"> <div class="single-page__title col col--75 col--sm"> <h1>15 Best Accounting Software Systems for Your Business in 2024</h1> </div> <div class="clearfix"></div> </div> <div class="row"> <div id="content" class="single-page__entry single-page__entry--post col col--75 col--sm"> <div id="rec-post" class="recommended-product recommended-product--placeholder full-width" data-post-id="32350" > <div class="placeholder flex"> <div class="col col--20 col--mb img"> <div class="sk full-width"></div> </div> <div class="col col--60 col--mb desc"> <div class="sk full-width"></div> <div class="flex score"> <div class="col col--33 sk"></div> <div class="col col--33"></div> <div class="col col--33 sk"></div> </div> </div> <div class="col col--20 col--mb buttons"> <div class="sk full-width"></div> <div class="sk full-width"></div> </div> </div> </div> <div class="fot-question"> <div class="fot-question__icon"></div> <div class="fot-question__text">What is the best accounting software system for your business?</div> <div class="fot-question__answer"> <p>The best accounting software system for your business is NetSuite ERP. It offers a comprehensive suite of tools, from invoicing and expense tracking to accounting reporting and project management. With a good mix of team collaboration tools and accounting solutions, it has become a go-to solution for businesses of all sizes across different industries.</p> </div> </div><p><b>A note from the author, Daniel Epstein, SaaS software expert:</b></p><p><span style="font-weight: 400;">In the intricate world of business finances, finding the right software that can streamline your accounting operations can seem like an insurmountable challenge. Having encountered the complexities firsthand in my many years of researching the subject, I understand the frustration that arises when searching for the right accounting solution. Thus, drawing from my 10+ years of experience in as an expert in software evaluation and over a decade of work, I’ve curated this guide to present you with the best accounting software systems. These handpicked systems were selected based on an in-depth analysis of the latest market data and research papers. I tried to ensure that I included products tailored to cater to businesses of all sizes, offering a diverse range of features and functionalities to streamline your financial management processes.</span></p><p><img class="aligncenter size-large wp-image-129274 lazyload" alt="best accounting systems" width="1024" height="536" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2018/11/acco1-1024x536.jpg" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2018/11/acco1-1024x536.jpg 1024w, https://s.financesonline.com/uploads/2018/11/acco1-300x157.jpg 300w, https://s.financesonline.com/uploads/2018/11/acco1-768x402.jpg 768w, https://s.financesonline.com/uploads/2018/11/acco1-232x120.jpg 232w, https://s.financesonline.com/uploads/2018/11/acco1-93x48.jpg 93w, https://s.financesonline.com/uploads/2018/11/acco1-277x145.jpg 277w, https://s.financesonline.com/uploads/2018/11/acco1.jpg 1200w"></p><div class="fot-toc"> <div class="fot-toc__header"> <h4>Best Accounting Systems Table of Contents</h4> <div class="clearfix"></div> </div> <div class="fot-toc__list"> <ol class="fot-toc__ol col50"> <li><a href="#1">NetSuite ERP</a></li> <li><a href="#2">Paychex</a></li> <li><a href="#3">Gusto</a></li> <li><a href="#4">QuickBooks Online</a></li> <li><a href="#5">Airbase</a></li> <li><a href="#6">Tipalti Approve</a></li> <li><a href="#7">FreshBooks</a></li> <li><a href="#8">AvidXchange</a></li> </ol> <ol class="fot-toc__ol col50"> <li><a href="#9">Rossum</a></li> <li><a href="#10">A2X</a></li> <li><a href="#11">Zoho Books</a></li> <li><a href="#12">Zoho Expense</a></li> <li><a href="#13">Sage 50cloud Accounts</a></li> <li><a href="#14">QuickBooks Enterprise</a></li> <li><a href="#15">Sage Business Cloud Accounting</a></li> </ol> </div> </div><p>Thanks to the COVID-19 situation, remote work has become the norm. The pandemic fueled a higher rate of cloud-based software adoption in many fields, including accounting. Hence, by using cloud-based tools, more businesses and professionals got to know the benefits of using them better.</p><p>With the way industries are shaping up, <a href="/remote-work-and-telecommuting-statistics/">remote work is here</a> to stay. So expect cloud-based accounting software adoption rates to shoot up in the next five years.</p><p>However, even before the outbreak, accounting professionals already had a positive stance toward the use of accounting software tools. About <a href="https://www.silverfin.com/en/blog/future-accountants-2018-infographic">67% of accountants</a> claimed tech in accounting enables them to be more efficient and to finish their work faster. Furthermore, in a 2020 report, 83% of accounting professionals believe that they need to keep up with tech adoption in order to be competitive. In particular, they are investing in the following emerging technologies:</p><div class="custom-chart" data-anim="true" data-img-script="https://financesonline.com/media/themes/fot/dist/js/vendor/dom-to-image.min.js" data-percent="1"> <div class="line-chart line-chart--big-labels"> <svg class="line-chart-export"> <title>Chart context menu</title> <path fill="#666666" d="M 6 6.5 L 20 6.5 M 6 11.5 L 20 11.5 M 6 16.5 L 20 16.5" class="highcharts-button-symbol" data-z-index="1" stroke="#666666" stroke-width="3"></path> </svg> <div class="highcharts-contextmenu"> <div class="highcharts-menu"> <div class="highcharts-menu-item" data-type="full-screen">View in full screen</div> <div class="highcharts-menu-item" data-type="print">Print chart</div> <hr> <div class="highcharts-menu-item" data-type="png">Download PNG image</div> <div class="highcharts-menu-item" data-type="jpg">Download JPEG image</div> <div class="highcharts-menu-item" data-type="csv">Download CSV</div> <div class="highcharts-menu-item" data-type="xls">Download XLS</div> <div class="highcharts-menu-item" data-type="data">View data table</div> </div> </div> <div class="line-chart__chart"> <h3 class="chartist-header">Emerging Technologies that Accounting Professionals Are Investing In</h3> <div class="line-chart__item"> <div class="line-chart__tooltip">Emerging Technologies that Accounting Professionals Are Investing In<br>5G: <strong>22</strong></div> <p>5G</p><span class="bar"><span style="width:22%;"></span></span><span class="counter"><span class="counter__item " data-count="22"></span>%</span> <div class="clearfix"></div> </div> <div class="line-chart__item"> <div class="line-chart__tooltip">Emerging Technologies that Accounting Professionals Are Investing In<br>Advanced and Predictive Analytics: <strong>21</strong></div> <p>Advanced and Predictive Analytics</p><span class="bar"><span style="width:21%;"></span></span><span class="counter"><span class="counter__item " data-count="21"></span>%</span> <div class="clearfix"></div> </div> <div class="line-chart__item"> <div class="line-chart__tooltip">Emerging Technologies that Accounting Professionals Are Investing In<br>Automation (including RPA): <strong>20</strong></div> <p>Automation (including RPA)</p><span class="bar"><span style="width:20%;"></span></span><span class="counter"><span class="counter__item " data-count="20"></span>%</span> <div class="clearfix"></div> </div> <div class="line-chart__item"> <div class="line-chart__tooltip">Emerging Technologies that Accounting Professionals Are Investing In<br>Artificial Intelligence: <strong>20</strong></div> <p>Artificial Intelligence</p><span class="bar"><span style="width:20%;"></span></span><span class="counter"><span class="counter__item " data-count="20"></span>%</span> <div class="clearfix"></div> </div> <div class="line-chart__item"> <div class="line-chart__tooltip">Emerging Technologies that Accounting Professionals Are Investing In<br>Internet of Things (IoT): <strong>20</strong></div> <p>Internet of Things (IoT)</p><span class="bar"><span style="width:20%;"></span></span><span class="counter"><span class="counter__item " data-count="20"></span>%</span> <div class="clearfix"></div> </div> <div class="line-chart__item"> <div class="line-chart__tooltip">Emerging Technologies that Accounting Professionals Are Investing In<br>Human Augmentation (including wearables): <strong>19</strong></div> <p>Human Augmentation (including wearables)</p><span class="bar"><span style="width:19%;"></span></span><span class="counter"><span class="counter__item " data-count="19"></span>%</span> <div class="clearfix"></div> </div> <div class="line-chart__item"> <div class="line-chart__tooltip">Emerging Technologies that Accounting Professionals Are Investing In<br>Natural Language Processing (NLP): <strong>17</strong></div> <p>Natural Language Processing (NLP)</p><span class="bar"><span style="width:17%;"></span></span><span class="counter"><span class="counter__item " data-count="17"></span>%</span> <div class="clearfix"></div> </div> <div class="line-chart__item"> <div class="line-chart__tooltip">Emerging Technologies that Accounting Professionals Are Investing In<br>Virtual/Augmented / Mixed Reality: <strong>17</strong></div> <p>Virtual/Augmented / Mixed Reality</p><span class="bar"><span style="width:17%;"></span></span><span class="counter"><span class="counter__item " data-count="17"></span>%</span> <div class="clearfix"></div> </div> <div class="line-chart__item"> <div class="line-chart__tooltip">Emerging Technologies that Accounting Professionals Are Investing In<br>Blockchain: <strong>16</strong></div> <p>Blockchain</p><span class="bar"><span style="width:16%;"></span></span><span class="counter"><span class="counter__item " data-count="16"></span>%</span> <div class="clearfix"></div> </div> <p class="chartist-source">Source: Sage 2020</p><div class="clearfix"></div> <span class="designed">Designed by</span> </div> </div> </div><p>As the chart shows, accounting professionals are investing in new technologies like Big Data, 5G, AI, and IoT. They believe that these can further empower their accounting processes by making data much easier and faster to gather, manipulate, and analyze. We also expect these technologies to be widely available and deployed in the future and be well-integrated with the top 15 tools on this list.</p><h3>What role does cybersecurity play in accounting software?</h3><p>In the age of digital transformation, accounting software must prioritize cybersecurity to protect sensitive financial data. Cyberattacks, data breaches, and fraudulent activities pose significant risks to businesses of all sizes. Here are some key aspects of cybersecurity that accounting software should address:</p><ul> <li><strong>Data encryption</strong>: Ensuring that all data, both in transit and at rest, is encrypted helps protect sensitive financial information from unauthorized access. This reduces the risk of data interception or exposure during transmission.</li> <li><strong>User authentication</strong>: Multi-factor authentication (MFA) adds an extra layer of security by requiring users to provide two or more verification factors to access the system. This helps prevent unauthorized access, even if passwords are compromised.</li> <li><strong>Access controls</strong>: Role-based access controls (RBAC) allow businesses to define user permissions based on job responsibilities, ensuring that employees only have access to the data and functions they need. This limits the risk of accidental or intentional data misuse.</li> <li><strong>Regular software updates</strong>: Keeping the software up to date ensures that any known security vulnerabilities are patched. Vendors should regularly release updates to fix security flaws and improve system resilience.</li> <li><strong>Data backup and recovery</strong>: Accounting software should offer automated data backup and robust recovery options in the event of a cyberattack or hardware failure. This minimizes data loss and ensures business continuity.</li> <li><strong>Fraud detection and monitoring</strong>: Some accounting software includes fraud detection features that monitor transactions for unusual patterns, alerting users to potential fraudulent activities. This helps catch issues before they escalate.</li> <li><strong>Compliance with regulations</strong>: Ensuring that the software complies with financial and data protection regulations, such as GDPR, CCPA, or SOX, helps businesses avoid legal penalties and maintain customer trust.</li> <li><strong>User training and awareness</strong>: Cybersecurity awareness training for users can reduce the likelihood of human errors, such as falling for phishing scams. Software vendors may provide resources to educate users on best security practices.</li> </ul><h3 id="1" class="bg-title">1. NetSuite ERP</h3><p><img class="aligncenter wp-image-319079 size-large lazyload" alt="NetSuite ERP dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/Netsuite-ERP-Dashboard-1-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/Netsuite-ERP-Dashboard-1-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/Netsuite-ERP-Dashboard-1-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/Netsuite-ERP-Dashboard-1-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/Netsuite-ERP-Dashboard-1-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/Netsuite-ERP-Dashboard-1-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/Netsuite-ERP-Dashboard-1-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/Netsuite-ERP-Dashboard-1-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/netsuite-erp-software/">NetSuite ERP</a> is essentially a customer relationship management (CRM) solution, but the platform can be used for sales and marketing automation, as well as order management and customer support. It offers a myriad of tools and features to make financial management simple.</p><p>Standard features include pre-configured dashboards that can be customized by users for their specific needs. NetSuite ERP also offers robust automation and scalability features. It can grow with your company and automate processes such as financial management, order management, revenue management, fixed assets, inventory management, and billing.</p><p>The vendor offers a great demo of the product that will introduce you to all key features.</p><div class="product-award-box" xmlns="http://www.w3.org/1999/html"> <h3 id="hubspot" class="bg-title">NetSuite ERP</h3> <div class="product-award-box__inner"> <div class="product-award-box__left"> <a href="/certificates/" title="An award given to products our B2B experts find especially valuable for companies"><img src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" data-src="https://sip.financesonline.com/uploads/2023/02/erp2023.png?width=235&token=RHyJBfqNmCWwDGLOm3YteQ" data-srcset="https://sip.financesonline.com/uploads/2023/02/erp2023.png?width=235&token=RHyJBfqNmCWwDGLOm3YteQ 1x, https://sip.financesonline.com/uploads/2023/02/erp2023.png?width=470&token=ogzgQJWC2zT8ypj-XI7exg 2x" alt="An award given to products our B2B experts find especially valuable for companies" class="lazyload"></a> </div> <div class="product-award-box__right"> <p>Try out NetSuite ERP with their free trial</p> <div class="product-award-box__buttons"> <button type="button" data-dst="aHR0cHM6Ly9maW5hbmNlc29ubGluZS5jb20vc2VlL25ldHN1aXRlLw==" class="btn">VISIT WEBSITE</button> <button type="button" data-dst="aHR0cHM6Ly9maW5hbmNlc29ubGluZS5jb20vc2VlL25ldHN1aXRlLXRyaWFsLw==" class="btn btn--orange" target="_blank">FREE DEMO</button> </div> </div> </div> </div><p>Another great thing about NetSuite ERP is that it comes with great reporting features. For starters, users can easily customize their view of key performance indicators and generate reports that are specific to their role in the company. They can also track vendor performance and monitor inventory levels, allowing them to further improve the customer experience.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed NetSuite ERP Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/netsuite-erp/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="2" class="bg-title">2. Paychex</h3><p><img class="aligncenter wp-image-359186 size-large lazyload" alt="" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2023/01/Paychex-dashboard-1-1024x600.jpg" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2023/01/Paychex-dashboard-1-1024x600.jpg 1024w, https://s.financesonline.com/uploads/2023/01/Paychex-dashboard-1-300x176.jpg 300w, https://s.financesonline.com/uploads/2023/01/Paychex-dashboard-1-768x450.jpg 768w, https://s.financesonline.com/uploads/2023/01/Paychex-dashboard-1-1536x900.jpg 1536w, https://s.financesonline.com/uploads/2023/01/Paychex-dashboard-1-2048x1200.jpg 2048w, https://s.financesonline.com/uploads/2023/01/Paychex-dashboard-1-82x48.jpg 82w, https://s.financesonline.com/uploads/2023/01/Paychex-dashboard-1-247x145.jpg 247w"></p><p>Next on our list is <a href="https://reviews.financesonline.com/p/paychex/">Paychex</a>, which provides payroll solutions to SMBs and large enterprises. For small businesses, Paychex offers a free mobile application where you can easily run your payroll with a couple of clicks or with the help of Paychex Voice Assist for a hands-free experience. Its online payroll services that you can access on a desktop or the mobile app enable you to automate payment calculation and processing, as well as the filing of payroll taxes. Employees can also use the mobile application where they can utilize self-service tools to access payslips, update their bank information and tax details, and more.</p><div class="product-award-box" data-id="59281"> <h3 id="hubspot" class="bg-title">Paychex</h3> <div class="product-award-box__inner"> <div class="product-award-box__left"> <a href="https://reviews.financesonline.com/p/paychex/" alt="Paychex"><img width="354" height="145" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload" alt="Paychex" sizes="(max-width: 354px) 100vw, 354px" data-srcset="https://s.financesonline.com/uploads/2020/06/Paychex-logo1-354x145.png 354w, https://s.financesonline.com/uploads/2020/06/Paychex-logo1-300x123.png 300w, https://s.financesonline.com/uploads/2020/06/Paychex-logo1-220x90.png 220w, https://s.financesonline.com/uploads/2020/06/Paychex-logo1-93x38.png 93w, https://s.financesonline.com/uploads/2020/06/Paychex-logo1.png 440w"></a> </div> <div class="product-award-box__right"> <p>Try out Paychex with their free trial</p> <div class="product-award-box__buttons"> </div> </div> </div> </div><p>For growing businesses and large enterprises, Paychex offers fully customized payroll and HR services, as well as guidance from payroll specialists. Customer support is also accessible 24/7 via chat or phone call. As for how much the subscription plans cost, Paychex follows the quote-based pricing model for all their payroll service packages.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed Paychex Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/paychex/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="3" class="bg-title">3. Gusto</h3><p><img class="aligncenter wp-image-320218 size-large lazyload" alt="Gusto dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/gusto-1024x600.jpg" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/gusto-1024x600.jpg 1024w, https://s.financesonline.com/uploads/2022/02/gusto-300x176.jpg 300w, https://s.financesonline.com/uploads/2022/02/gusto-768x450.jpg 768w, https://s.financesonline.com/uploads/2022/02/gusto-1536x900.jpg 1536w, https://s.financesonline.com/uploads/2022/02/gusto-2048x1200.jpg 2048w, https://s.financesonline.com/uploads/2022/02/gusto-82x48.jpg 82w, https://s.financesonline.com/uploads/2022/02/gusto-247x145.jpg 247w"></p><p><a href="https://reviews.financesonline.com/p/gusto/">Gusto</a> is an all-in-one accounting and HR platform that allows you to automate basic to more advanced payroll tasks. Built specifically for accountants, the solution has clear and detailed financial reporting features to help businesses see exactly where their money goes. With its accounting dashboards, Gusto also provides real-time analytics that business owners can turn to when they need immediate information about their financial records.</p><p>Additionally, Gusto is equipped with all the essential accounting tools that businesses need to strategize and improve their cash flow. It also provides valuable financial trends, insights, and data that professional accountants or accounting teams need to know to jumpstart meaningful advisory conversations with their organizations.</p><p>For instance, Gusto enables businesses to combine payroll data with financial trends to discover insights about their company expenses, revenue, and profit per employee. The platform also serves as a helpful tool to monitor employee metrics, enabling businesses to see their team growth and employee retention insights.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed Gusto Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/gusto/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="4" class="bg-title">4. QuickBooks Online</h3><p><img class="aligncenter wp-image-319164 size-large lazyload" alt="QuickBooks Online dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/QuickBooks-Online-1-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/QuickBooks-Online-1-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Online-1-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Online-1-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Online-1-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Online-1-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Online-1-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Online-1-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/quickbooks-online-software/">QuickBooks Online</a> is an accounting solution for small businesses, freelancers, and independent accounting firms. This cloud-based application combines all essential accounting tools in a single platform to help small businesses streamline accounting and financial management tasks.</p><p>Among its features are automated tax calculations, expense tracking, invoice management, balance sheet reporting, bill management, sales monitoring, and more. QuickBooks Online supports multiple devices and is equipped with auto-syncing options so your data will be up to date no matter what device you are using.</p><div class="product-award-box" data-id="144587"> <h3 id="hubspot" class="bg-title">QuickBooks Online</h3> <div class="product-award-box__inner"> <div class="product-award-box__left"> <a href="https://reviews.financesonline.com/p/quickbooks-online-software/" alt="QuickBooks Online"><img width="354" height="145" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload" alt="QuickBooks Online" sizes="(max-width: 354px) 100vw, 354px" data-srcset="https://s.financesonline.com/uploads/2022/09/Main-Thumbnail-Quickbooks-354x145.png 354w, https://s.financesonline.com/uploads/2022/09/Main-Thumbnail-Quickbooks-300x123.png 300w, https://s.financesonline.com/uploads/2022/09/Main-Thumbnail-Quickbooks-220x90.png 220w, https://s.financesonline.com/uploads/2022/09/Main-Thumbnail-Quickbooks-93x38.png 93w, https://s.financesonline.com/uploads/2022/09/Main-Thumbnail-Quickbooks.png 440w"></a> </div> <div class="product-award-box__right"> <p>Try out QuickBooks Online with their free trial</p> <div class="product-award-box__buttons"> </div> </div> </div> </div><p>In terms of integrations, you can integrate QuickBooks Online with other Intuit applications, including QuickBooks Payments and QuickBooks Payroll. As for third-party applications, QuickBooks integrates seamlessly with Bill.com, Jobber, Mavenlink, Method CRM, Shoeboxed, and Time Tracking by TSheets. QuickBooks Online’s subscription plans start at $10.00/month for one user.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed QuickBooks Online Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/quickbooks-online/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="5" class="bg-title">5. Airbase</h3><p><img class="aligncenter wp-image-371983 size-large lazyload" alt="Airbase dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2023/10/Airbase-dashboard-1024x600.jpg" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2023/10/Airbase-dashboard-1024x600.jpg 1024w, https://s.financesonline.com/uploads/2023/10/Airbase-dashboard-300x176.jpg 300w, https://s.financesonline.com/uploads/2023/10/Airbase-dashboard-768x450.jpg 768w, https://s.financesonline.com/uploads/2023/10/Airbase-dashboard-1536x900.jpg 1536w, https://s.financesonline.com/uploads/2023/10/Airbase-dashboard-2048x1200.jpg 2048w, https://s.financesonline.com/uploads/2023/10/Airbase-dashboard-82x48.jpg 82w, https://s.financesonline.com/uploads/2023/10/Airbase-dashboard-247x145.jpg 247w"></p><p><a href="https://reviews.financesonline.com/p/airbase/">Airbase</a> is a spend management platform that incorporates multiple technical solutions to manage business cards, simplify bill payments, and handle staff spending, all with the goal of streamlining and optimizing procurement procedures. This single system is designed to automate spending procedures and is flexible enough to adapt to future needs.</p><p>The modules of Airbase can be used in their entirety, or in parts, depending on each individual business’ needs. Virtual corporate cards can be used by individuals for both one-time and recurring purchases, while physical cards can be used for in-person purchases. In addition, they will set up channels for approving new purchases, monitor budgets, and alert users of any threats or regulations violations.</p><div class="product-award-box" data-id="311219"> <h3 id="hubspot" class="bg-title">Airbase</h3> <div class="product-award-box__inner"> <div class="product-award-box__left"> <a href="https://reviews.financesonline.com/p/airbase/" alt="Airbase"><img width="354" height="145" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload" alt="Airbase" sizes="(max-width: 354px) 100vw, 354px" data-srcset="https://s.financesonline.com/uploads/2021/12/Airbase-logo-1-354x145.png 354w, https://s.financesonline.com/uploads/2021/12/Airbase-logo-1-300x123.png 300w, https://s.financesonline.com/uploads/2021/12/Airbase-logo-1-220x90.png 220w, https://s.financesonline.com/uploads/2021/12/Airbase-logo-1-93x38.png 93w, https://s.financesonline.com/uploads/2021/12/Airbase-logo-1.png 440w"></a> </div> <div class="product-award-box__right"> <p>Try out Airbase with their free trial</p> <div class="product-award-box__buttons"> </div> </div> </div> </div><p>The advanced approval tools offered by Airbase contribute to a more efficient process of approving expenses for team members. Managers or administrators are able to engage in efficient collaboration via communication platforms such as Slack and email, or within specialized software tools like IronClad for the Legal team, and Jira or Asana for IT purposes.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed Airbase Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/airbase/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="6" class="bg-title">6. Tipalti Approve</h3><p><img class="aligncenter wp-image-319143 size-large lazyload" alt="Tipalti Approve dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/Tipalti-Approve-dashboard-1-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/Tipalti-Approve-dashboard-1-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/Tipalti-Approve-dashboard-1-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/Tipalti-Approve-dashboard-1-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/Tipalti-Approve-dashboard-1-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/Tipalti-Approve-dashboard-1-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/Tipalti-Approve-dashboard-1-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/Tipalti-Approve-dashboard-1-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/tipalti-approve/">Tipalti Approve</a> is a cloud payment automation and management software that helps simplify global mass payments. This makes the software suitable for companies with offices worldwide. Notably, you can accept payments in more than 190 countries, use 120 currency options, and rely on six payment methods, including PayPal, wire, local bank transfer, and debit cards. Moreover, the software simplifies the daily task of ensuring that your company’s financial data and processes are timely, accurate, and easy to understand.</p><p>The software helps businesses avoid late payments, noncompliance, and over-tasking of the accounting team. It also has flexible payment reconciliation, AP, and financial reporting features that work with a myriad of payment gateways and <a href="/c/erp-software/">ERP systems</a>.</p><p>The vendor also offers an appealing test drive of all software features through its free trial.</p><p>With it, you can minimize, if not eliminate, downstream issues and human error, by letting suppliers input tax data directly in the Supplier Management portal. A Remittance Validation Engine, which monitors over 26,000 national and international standards, guarantees the integrity of supplier data.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed Tipalti Approve Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/tipalti-approve/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="7" class="bg-title">7. FreshBooks</h3><p><img class="aligncenter wp-image-319163 size-large lazyload" alt="Freshbooks dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/Freshbooks-dashboard-3-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/Freshbooks-dashboard-3-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/Freshbooks-dashboard-3-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/Freshbooks-dashboard-3-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/Freshbooks-dashboard-3-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/Freshbooks-dashboard-3-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/Freshbooks-dashboard-3-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/Freshbooks-dashboard-3-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/freshbooks/">FreshBooks</a> is being used by more than five million users around the world to streamline time tracking and invoicing. The vendor has recently updated the product to allow for easy collaboration between team members and has added a redesigned dashboard where you can prioritize tasks and manage payments. The classic features have not changed, and FreshBooks continues to offer top-rate invoice-to-payment functionalities, including direct<a href="/c/payment-providers/"> payment gateways</a>, overdue payment reminders, delay fees, and payment claims. You can use the system to collect payments easily and automate the recurring billing process to accept Google Checkouts, Amex, PayPal, and credit card payments.</p><p>What’s more, is that pricing is affordable for almost any budget, and the vendor offers a convenient 30-day free trial to enable you to test drive the features before you decide to part with your money.</p><p>FreshBooks also recently added features such as bank reconciliations, invitations for up to 10 accountants, new balance sheet reports, directly adding the credit card to the client profile, and adding payments in bulk. It also improved the navigation experience by adding sections for Invoices, Reports, and Accounting.</p><p>FreshBooks has not neglected any utility, and companies can use it to manage invoices as well as expenses. You can easily generate insightful tax summaries and reports after the data is processed. The vendor also offers a handy mobile app. The system seamlessly integrates with other business apps, such as <a href="/c/billing-software/">billing and invoicing software</a>. You can rely on the support of knowledgeable and experienced agents if you have any issues.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed FreshBooks Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/freshbooks/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="8" class="bg-title">8. AvidXchange</h3><p><img class="aligncenter wp-image-319245 size-large lazyload" alt="AvidXchange dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/Avidxchange-dashboard-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/Avidxchange-dashboard-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/Avidxchange-dashboard-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/Avidxchange-dashboard-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/Avidxchange-dashboard-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/Avidxchange-dashboard-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/Avidxchange-dashboard-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/Avidxchange-dashboard-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/avidxchange/">AvidXchange</a> is a comprehensive invoice management and payment automation system built for businesses of all sizes. It is equipped with features for paperless invoicing, purchase order automation, as well as payment processing to help you streamline accounting operations. It also comes with a highly configurable interface and intelligent approval workflows to boost efficiency and reinforce visibility across your accounts payable processes. In addition, the platform has search and filter tools that make it easy to track invoices as well as review transactions.</p><p>Using AvidXchange, businesses can lower the cost of accounts payable processes as well as improve operational productivity. It also makes it easier for companies to pay their suppliers faster because payments can be made securely from the platform. More importantly, as AvidXchange comes with advanced security and fraud detection functionalities so users can prevent unauthorized transactions and payment requests.</p><p>In addition to the abovementioned, AvidXchange has more than 180 integrations. It can connect with popular ERP platforms as well as accounting systems like SAP, Oracle NetSuite, QuickBooks, and Blackbaud. This way, it is easier to import and export data as well as streamline your operations.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed AvidXchange Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/avidxchange/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="9" class="bg-title">9. Rossum</h3><p><img class="aligncenter wp-image-319147 size-large lazyload" alt="" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/Rossum-dashboard-4-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/Rossum-dashboard-4-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/Rossum-dashboard-4-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/Rossum-dashboard-4-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/Rossum-dashboard-4-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/Rossum-dashboard-4-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/Rossum-dashboard-4-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/Rossum-dashboard-4-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/rossum/">Rossum</a> is a powerful cloud-based platform designed to streamline account payable processes from importing documents, collecting and capturing data, purchase order matching, to invoice processing. This software’s system is powered by a self-learning AI engine that automates various critical processes, thus reducing manual efforts and human error.</p><p>As an intelligent cloud-based platform, Rossum addresses the downsides of traditional OCR systems. By connecting Rossum to your document sources (i.e., document scanners, DMS systems, API, RPA, and email inboxes), it automatically imports all documents into the Rossum system. Its AI-powered engine also recognizes different document formats and layouts, thus there is no need to set up or create templates for documents and invoices. Furthermore, Rossum identifies duplicates, merged files, and auxiliary data and handles them accordingly to remove all unnecessary information and maintain a clean and organized curated feed of transactional data.</p><p>Another advantage Rossum has over other similar systems is its ability to incorporate the changes, customizations, and corrections set by the user. This is helpful when more data that the system was not set to detect before suddenly get added to the information that needs to be extracted from an invoice. All the user needs to do is check the imported invoice and customize the fields that need to be validated and the system will then apply the changes moving forward. Moreover, you can extend Rossum’s functionality by integrating it with your existing systems, such as ERPs and RPAs.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed Rossum Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/rossum/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="10" class="bg-title">10. A2X</h3><p><img class="aligncenter wp-image-319246 size-large lazyload" alt="A2X dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/A2X-dashboard-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/A2X-dashboard-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/A2X-dashboard-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/A2X-dashboard-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/A2X-dashboard-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/A2X-dashboard-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/A2X-dashboard-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/A2X-dashboard-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/a2x-accounting/">A2X</a> promotes accurate bookkeeping by directing transactional data from sales channels like Amazon and Shopify to your accounting platform. Gone are the days of manually recording sales transactions and using spreadsheets for financial statements. Your financial details are transferred seamlessly into your books as it integrates with esteemed accounting solutions, such as Xero and QuickBooks.</p><p>A2x has a free trial plan and a wide variety of subscription plans, starting from $19 per month.</p><p>A2X gives you complete visibility into your cash flow by correctly classifying each transaction and summing up your sales and expenses. Your fees, refunds, and other necessary expenses are also accounted for.</p><p>You can use A2X to monitor the prices of products sold and the gross margins of moving goods, which can be verified with your business’ financials. Likewise, its inventory accounting feature can be used to accommodate the number of stocks available after a chain of orders has been made. At the end of every month, reports are made to review your stocks, its values, and its locations.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed A2X Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/a2x-accounting/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="11" class="bg-title">11. Zoho Books</h3><p><img class="aligncenter wp-image-319249 size-large lazyload" alt="Zoho Books dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/Zoho-Books-dashboard-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/Zoho-Books-dashboard-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/Zoho-Books-dashboard-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/Zoho-Books-dashboard-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/Zoho-Books-dashboard-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/Zoho-Books-dashboard-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/Zoho-Books-dashboard-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/Zoho-Books-dashboard-247x145.png 247w"></p><p>Any member of the Zoho family is a good product, and you can rely on the company’s productivity suite to streamline your business. Its accounting software, <a href="https://reviews.financesonline.com/p/zoho-books/">Zoho Books</a> is also of top quality, which is why it got a high ranking on our list.</p><p>Why is Zoho Books on our list of <a href="/accounting-trends/">best accounting software</a>? The reason is this award-winning solution offers great value for money. It easily automates bank feeds, sends payment reminders automatically, and makes it easy to send and track retainer invoices. The system is unique as it integrates with Stripe and makes it simple to do payment reconciliation.</p><p>You can use all the features for free for a period of time to see if the software matches your needs.</p><div class="product-award-box" data-id="14326"> <h3 id="hubspot" class="bg-title">Zoho Books</h3> <div class="product-award-box__inner"> <div class="product-award-box__left"> <a href="https://reviews.financesonline.com/p/zoho-books/" alt="Zoho Books"><img width="354" height="145" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload" alt="Zoho Books" sizes="(max-width: 354px) 100vw, 354px" data-srcset="https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Books-354x145.png 354w, https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Books-300x123.png 300w, https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Books-220x90.png 220w, https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Books-93x38.png 93w, https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Books.png 440w"></a> </div> <div class="product-award-box__right"> <p>Try out Zoho Books with their free trial</p> <div class="product-award-box__buttons"> </div> </div> </div> </div><p>Zoho Books is similar to Freshbooks in that it supports collaboration to dissolve miscommunication between a company’s accounting and sales units. Similar to Freshbooks, Zoho Books also offers mobile optimization and API for integration with other business apps. You can also make use of premade integrations with other Zoho products. It also enhanced its features like invoice templates and custom domain and added new features like recurring journals and bulk payments received and project deletion.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed Zoho Books Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/zoho-books/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="12" class="bg-title">12. Zoho Expense</h3><p><img class="aligncenter wp-image-319250 size-large lazyload" alt="Zoho Expense dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/Zoho-Expense-dashboard-1-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/Zoho-Expense-dashboard-1-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/Zoho-Expense-dashboard-1-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/Zoho-Expense-dashboard-1-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/Zoho-Expense-dashboard-1-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/Zoho-Expense-dashboard-1-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/Zoho-Expense-dashboard-1-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/Zoho-Expense-dashboard-1-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/zoho-expense/">Zoho Expense</a> automates a huge selection of operations related to expense handling, helping you document your transactions in an instant. You can automatically convert receipts into expenses and group them together so you can produce reports whenever necessary. This platform also automatically captures and transforms credit card transactions into expenses.</p><p>Zoho Expense has a free trial period, a free plan, and a $15/organization/month plan.</p><div class="product-award-box" data-id="14442"> <h3 id="hubspot" class="bg-title">Zoho Expense</h3> <div class="product-award-box__inner"> <div class="product-award-box__left"> <a href="https://reviews.financesonline.com/p/zoho-expense/" alt="Zoho Expense"><img width="354" height="145" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload" alt="Zoho Expense" sizes="(max-width: 354px) 100vw, 354px" data-srcset="https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Expense-354x145.png 354w, https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Expense-300x123.png 300w, https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Expense-220x90.png 220w, https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Expense-93x38.png 93w, https://s.financesonline.com/uploads/2023/07/Main-Thumbnail-Zoho-Expense.png 440w"></a> </div> <div class="product-award-box__right"> <p>Try out Zoho Expense with their free trial</p> <div class="product-award-box__buttons"> </div> </div> </div> </div><p>Whatever device you have, Zoho Expense can document your expenses. It can send complete reports both on traditional devices and smartphones. It can diminish all confusion linked to allowed expenditures and spending limits. It ensures that your expense rules are compliant and properly imposed.</p><p>The interface of Zoho Expense is functional and trouble-free, offering numerous ways of entering or tracking information. Automated updates also come in handy.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed Zoho Expense Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/zoho-expense/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="13" class="bg-title">13. Sage 50cloud Accounts</h3><p><img class="aligncenter wp-image-319252 size-large lazyload" alt="Sage 50Cloud-dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/Sage-50Cloud-dashboard-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/Sage-50Cloud-dashboard-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/Sage-50Cloud-dashboard-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/Sage-50Cloud-dashboard-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/Sage-50Cloud-dashboard-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/Sage-50Cloud-dashboard-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/Sage-50Cloud-dashboard-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/Sage-50Cloud-dashboard-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/sage-50c/"><span style="font-weight: 400;">Sage 50cloud Accounts</span></a><span style="font-weight: 400;"> is the accounting software of choice for small and medium-sized businesses. It is a desktop software that is also cloud-based, letting you access your data anywhere you are. This easy-to-use platform supports you in any accounting task you need to accomplish for your business.</span></p><p><span style="font-weight: 400;">Using Sage 50Cloud Accounts, you can manage invoices using customer IDs and custom codes and keep track of your cash flow. Bank reconciliation can be automated, and you can set specific budgets for projects to trim unnecessary expenses. Inventory tracking is easy even when you are away from your warehouse, and updating stock can be done in a few clicks.</span></p><p><span style="font-weight: 400;">Sage 50Cloud Accounts has three pricing plans based on the number of users. The Pro Accounting plan is their basic plan with all of the essential features and costs $595 per year per user. The Premium Accounting plan has advanced features and is suitable for up to 5 users. It starts from $970 per year per user. For the full range of features, choose the Quantum Accounting plan which starts from $1,610 per year per user.</span></p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed Sage 50cloud Accounts Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/sage-50c/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="14" class="bg-title">14. QuickBooks Enterprise</h3><p><img class="aligncenter wp-image-318943 size-large lazyload" alt="QuickBooks Enterprise dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/QuickBooks-Enterprise-dashboard-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/QuickBooks-Enterprise-dashboard-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Enterprise-dashboard-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Enterprise-dashboard-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Enterprise-dashboard-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Enterprise-dashboard-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Enterprise-dashboard-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/QuickBooks-Enterprise-dashboard-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/quickbooks-enterprise/">QuickBooks Enterprise</a> is a financial services tool created for growing businesses and nonprofits. It offers accounting solutions minus the ERP implementation. Its platform integrates tasks, such as inventory monitoring, payables, payroll, and more.</p><p>QuickBooks Enterprise comes with a free-trial period. On the other hand, you can subscribe to it for as low as $140/month.</p><p>QuickBooks Enterprise is a stand-alone framework, but it offers progressive settings and functionalities that can be customized depending on your business or industry. Payroll, advanced pricing, and inventory monitoring are among its more advanced features. Plus, there are more data capacity, more intricate inventory handling, and various entity support.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed QuickBooks Enterprise Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/quickbooks-enterprise/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 id="15" class="bg-title">15. Sage Business Cloud Accounting</h3><p><img class="aligncenter wp-image-319244 size-large lazyload" alt="Sage Business Cloud Accounting dashboard" width="1024" height="600" sizes="(max-width: 1024px) 100vw, 1024px" data-src="https://financesonline.com/uploads/2022/02/Sage-Business-Cloud-Accounting-dashboard-1024x600.png" src="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAQAAAADCAQAAAAe/WZNAAAADklEQVR42mNkgAJGDAYAAFEABCaLYqoAAAAASUVORK5CYII=" data-srcset="https://s.financesonline.com/uploads/2022/02/Sage-Business-Cloud-Accounting-dashboard-1024x600.png 1024w, https://s.financesonline.com/uploads/2022/02/Sage-Business-Cloud-Accounting-dashboard-300x176.png 300w, https://s.financesonline.com/uploads/2022/02/Sage-Business-Cloud-Accounting-dashboard-768x450.png 768w, https://s.financesonline.com/uploads/2022/02/Sage-Business-Cloud-Accounting-dashboard-1536x900.png 1536w, https://s.financesonline.com/uploads/2022/02/Sage-Business-Cloud-Accounting-dashboard-2048x1200.png 2048w, https://s.financesonline.com/uploads/2022/02/Sage-Business-Cloud-Accounting-dashboard-82x48.png 82w, https://s.financesonline.com/uploads/2022/02/Sage-Business-Cloud-Accounting-dashboard-247x145.png 247w"></p><p><a href="https://reviews.financesonline.com/p/sage-one/">Sage Business Cloud Accounting</a> is ideal for small businesses. With that, it offers two affordable plans designed to fit the budget and needs of small businesses. For sole traders and micro-businesses, you can make use of its entry-level accounting solution at $10 per month. If you need invoicing and cash flow management features, you can opt for the app’s higher plan at $25 per month.</p><p>The product focuses on streamlining paperwork, minimizing spreadsheets, and staying on top of your finances. It simplifies business payroll and ensures compliance with the Affordable Care Act. It empowers financial management by consolidating data and automating complex financial processes. It also handles payments and banking.</p><p>The vendor offers a comprehensive free trial to get you up to speed with the features.</p><p>The software connects with other apps and offers intuitive apps for your mobile device. This enables you to manage your invoicing, banking, and cash flow on the go. Sage also regularly fixes and updates its features like bank reconciliations, CSV imports, and journal functionalities.</p><div class="product-read-more"> <div class="product-read-more__txt"> <p>Detailed Sage Business Cloud Accounting Review</p> </div> <div class="product-read-more__btn"> <a href="https://reviews.financesonline.com/p/sage-one/" title="Read more" class="btn">READ MORE</a> </div> </div><h3 class="bg-title">New Landscapes, New Technology</h3><p>If the COVID-19 pandemic has taught us anything, it’s that economies can quickly change. And, for many, the change was seemingly overnight when the pandemic hit. Legacy systems and rigid traditional frameworks were the most that were challenged. Those not poised for digital transformation were left lagging further.</p><p>Thus, moving forward, we must move with urgency to future-proof our workplaces and businesses. To accomplish this, only new technologies can help us shield from and adapt to the looming changes in the business landscape.</p><p>Moreover, the growing awareness of advanced <a href="/list-of-30-saas-tools-for-small-business/">cloud-based tools</a> and their benefits is just a testament to their effectiveness. By automating tasks, businesses can save time and use it for more important metrics like growth, diversification, and optimization. In fact, automation can help with all of these too.</p><p>Since the dawn of the computer age, clever people strove to create systems that will allow us to outsource both menial and complex tasks. This is in order to give us the space to focus more on rethinking the fundamentals and improve our execution of tasks, whichever field we may belong to.</p><p>With the tools today, we can make their vision our very reality. But choosing the right tools entails a good deal of patience and research.</p><p>So, when choosing the right system for you, carefully evaluate and identify the features from these top platforms that you need. Also, try to register for free trials and demos to know more about the product without spending anything. To start, you can try out NetSuite ERP, a top product in the category, and explore its features firsthand.</p><p>Happy software hunting and good luck!</p><h3>Key Insights</h3><ul> <li><strong>Growth of Cloud-Based Accounting Software:</strong> The adoption of cloud-based accounting software has significantly increased due to the COVID-19 pandemic, with remote work becoming more prevalent.</li> <li><strong>Efficiency Through Technology:</strong> 67% of accountants believe technology enables them to be more efficient, and 83% feel it is essential to keep up with tech advancements to stay competitive.</li> <li><strong>Emerging Technologies in Accounting:</strong> Accounting professionals are investing in emerging technologies such as 5G, advanced analytics, automation, AI, and IoT to streamline and enhance their processes.</li> <li><strong>Diverse Range of Solutions:</strong> The guide lists a variety of accounting software solutions catering to businesses of all sizes, each offering unique features to meet specific financial management needs.</li> <li><strong>Importance of Free Trials and Demos:</strong> Evaluating accounting software through free trials and demos is crucial for understanding the product’s features and suitability without financial commitment.</li> </ul><h3>FAQ</h3><ol> <li><strong>Why has the adoption of cloud-based accounting software increased recently?</strong> The COVID-19 pandemic has accelerated the adoption of cloud-based accounting software due to the shift towards remote work, which necessitates accessible and flexible accounting solutions.</li> <li><strong>How does technology improve efficiency for accountants?</strong> Technology enables accountants to automate routine tasks, streamline processes, and access real-time data, allowing them to focus on more strategic and analytical activities, thus improving overall efficiency.</li> <li><strong>What emerging technologies are accounting professionals investing in?</strong> Accounting professionals are investing in technologies such as 5G, advanced and predictive analytics, automation (including RPA), artificial intelligence, Internet of Things (IoT), human augmentation, natural language processing (NLP), and virtual/augmented/mixed reality.</li> <li><strong>What should businesses consider when choosing accounting software?</strong> Businesses should evaluate their specific needs, the features offered by the software, user-friendliness, integration capabilities with existing systems, scalability, and the availability of free trials or demos to make an informed decision.</li> <li><strong>Why is it important to use free trials and demos before purchasing accounting software?</strong> Free trials and demos allow businesses to explore the features, usability, and effectiveness of the software firsthand, ensuring it meets their requirements and provides value before making a financial commitment.</li> </ol> <div id="fot-social" class="fot-social" data-id="32350" 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class="fot-social__el fot-social__el--network "> <span class="icon icon--network"></span> <span class="count">58<span class="shares"> shares</span></span> </div> </div> <div class="single-page__author"> <div class="single-page__avatar"> <img src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" data-src="https://sip.financesonline.com/uploads/2020/07/daniel_epstein.jpeg?width=100&token=2E6y7SbiVHs_wfHh3FEIvQ" alt="Daniel Epstein" class="lazyload" onerror="this.onerror=null; this.src='https://financesonline.com/media/themes/fot/dist/img/svg/user-avatar.svg'" > </div> <div class="single-page__author__desc"> <h4>By <a href="/author/daniel/" title="Daniel Epstein">Daniel Epstein</a></h4> <p>Daniel Epstein is a senior financial research analyst at FinancesOnline and the architect behind our Fintech and ERP content division. His main areas of expertise are blockchain technologies, cryptocurrencies, and the use of biometrics in fintech solutions. His work has been frequently quoted by such publications as Forbes, USA Today, Entrepreneur, and LA Times. With more than 1,800 solutions scrutinized in the last 5 years spent on our team he always prioritized offering readers an unbiased perspective on modern financial technologies.</p> </div> <div class="clearfix"></div> </div> </div> <div class="fot-sidebar col col--25 col--sm"> <div id="sidebar-top3" class="fot-sidebar__top3"> <div class="fot-sidebar__top3__close"> <span></span> <span></span> </div> <p> Top Accounting Software of 2024 <a href="#" data-modal="#score-modal" data-dynamic="yes" class="icon icon--question"></a> </p> <div class="fot-sidebar__rank"> <a href="https://reviews.financesonline.com/p/netsuite-accounting/" title="netsuite-accounting" class="rank-item"> <span class="rank-item__pos">1.</span> <div class="rank-item__img"> <img width="220" height="90" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload" alt="NetSuite ERP" sizes="(max-width: 220px) 100vw, 220px" data-srcset="https://s.financesonline.com/uploads/2020/01/vp05ef90669edb76f04f2fc611a3fa87f7-220x90.png 220w, https://s.financesonline.com/uploads/2020/01/vp05ef90669edb76f04f2fc611a3fa87f7-300x123.png 300w, https://s.financesonline.com/uploads/2020/01/vp05ef90669edb76f04f2fc611a3fa87f7-93x38.png 93w, https://s.financesonline.com/uploads/2020/01/vp05ef90669edb76f04f2fc611a3fa87f7-354x145.png 354w, https://s.financesonline.com/uploads/2020/01/vp05ef90669edb76f04f2fc611a3fa87f7.png 440w" /> </div> </a> <a href="https://reviews.financesonline.com/p/tipalti/" title="tipalti" class="rank-item"> <span class="rank-item__pos">2.</span> <div class="rank-item__img"> <img width="220" height="90" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload" alt="Tipalti" sizes="(max-width: 220px) 100vw, 220px" data-srcset="https://s.financesonline.com/uploads/2020/03/tipalti-small-thumbnail-220x90.png 220w, https://s.financesonline.com/uploads/2020/03/tipalti-small-thumbnail-300x123.png 300w, https://s.financesonline.com/uploads/2020/03/tipalti-small-thumbnail-93x38.png 93w, https://s.financesonline.com/uploads/2020/03/tipalti-small-thumbnail-354x145.png 354w, https://s.financesonline.com/uploads/2020/03/tipalti-small-thumbnail.png 440w" /> </div> </a> <a href="https://reviews.financesonline.com/p/paychex/" title="paychex" class="rank-item"> <span class="rank-item__pos">3.</span> <div class="rank-item__img"> <img width="220" height="90" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload" alt="Paychex" sizes="(max-width: 220px) 100vw, 220px" data-srcset="https://s.financesonline.com/uploads/2020/06/Paychex-logo1-220x90.png 220w, https://s.financesonline.com/uploads/2020/06/Paychex-logo1-300x123.png 300w, https://s.financesonline.com/uploads/2020/06/Paychex-logo1-93x38.png 93w, 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class="news-tabs__news-content"> <p class="news-title"> <a href="/benefits-and-advantages-of-content-marketing/" title="Benefits and Advantages of Content Marketing"> Benefits and Advantages of Content Marketing </a> </p> <span class="category">Category: B2B News</span> </div> </div> </div> </div> </div> <div class="glide__bullets" data-glide-el="controls[nav]"> <button class="glide__bullet" data-glide-dir="=0"></button> <button class="glide__bullet" data-glide-dir="=1"></button> <button class="glide__bullet" data-glide-dir="=2"></button> </div> </div> </div> </div> </div> <div class="clearfix"></div> </div> <div class="main-container main-container--post"> <div class="row"> <div class="col col--75 col--sm"> <div id="respond" class="comments-box"> <div class="comments-box__count">5 Comments 禄</div> <div class="comments-box__comments"> <div id="comment-15769" class="comments-box__item"> <div class="comments-box__text "> <div class="comments-box__author"><span class="blue">bob</span> says:</div> <div class="comments-box__content"> <p>hi, which one can I find on birate day, I want to find one I can download thats not an online software any ones I can buy that arent online suites?</p> </div> </div> <a href="#" class="comments-box__reply" data-comment-id="15769">Reply to this comment 禄</a> <div class="clearfix"></div> </div> <div id="comment-9906" class="comments-box__item"> <div class="comments-box__text "> <div class="comments-box__author"><span class="blue">Douglas Maddison</span> says:</div> <div class="comments-box__content"> <p>How can we determine what鈥檚 the best accounting software for our business? I have a small online retail business that鈥檚 barely a year old and I feel that my current accounting platform is not up to task. I鈥檇 like to shift to another solution that鈥檚 more robust and reliable (and preferably affordable) especially after having read the above comment on the IRS requirement.</p> </div> </div> <a href="#" class="comments-box__reply" data-comment-id="9906">Reply to this comment 禄</a> <div class="clearfix"></div> </div> <div id="comment-9907" class="comments-box__item children" style="margin-left:60px"> <div class="comments-box__text "> <div class="comments-box__author"><span class="blue">Alex</span> says: </div> <div class="comments-box__content"> <p>There several accounting software products in the market today that are not only rich in features and have solid capabilities but are also budget-friendly and designed for the needs of small and mid-sized business. This list of <a href="https://accounting-software.financesonline.com/" rel="nofollow">examples of accounting software</a> systems for your business can help you find the most suitable solution and narrow down your choices. Majority if not all of them are online platforms that you can use by paying monthly subscriptions. The advantage of cloud hosted solutions is that you do not have to install, update or maintain anything, aside from being able to access and use the platform from any internet connected device.</p> <p>Essentially, the best accounting software is the one that matches and meets your business requirements and only you can assess that. Most vendors of accounting software products offer free trials, allowing you to test the software first hand. While many of these solutions carry similar key accounting features such as billing and invoicing, budget and forecasting, inventory and fixed asset management as well as tax management, among others, it is also important to check out the following:</p> <p>- Is it intuitive and simple to use?<br /> - Can it smoothly integrate with third-party apps and systems?<br /> - Can it do in-depth analysis and generate insightful reports?<br /> - Is it fast, responsive and accurate?<br /> - Can it automate and streamline daily routine?<br /> - Can it help you develop smarter strategies?<br /> - Can it combine multiple data operations in one platform?<br /> - Can it work with your existing financial framework, and not you having to adjust to it?</p> <p>The above are just some examples that the accounting solution should be able to do to boost efficiency and productivity of your financial or accounting team. Ultimately, accounting software should help your business realize savings from more accurate financial/accounting operations. While tax management is just one area that good accounting solutions can ably handle, all its other components and functionalities are built to work together to drive your business forward.</p> <p>I could recommend some great accounting solutions from the list I鈥檝e mentioned earlier but at the end of the day, it鈥檚 for you to decide. So check them out and see what fits right into your business.</p> </div> </div> <a href="#" class="comments-box__reply" data-comment-id="9907">Reply to this comment 禄</a> <div class="clearfix"></div> </div> <div id="comment-9904" class="comments-box__item"> <div class="comments-box__text "> <div class="comments-box__author"><span class="blue">Anthony Medina</span> says:</div> <div class="comments-box__content"> <p>It helps that on my side, with my business and accountant, these accounting software solutions speed up and simplify the tax record preparation and submission and keeps it error-free. Does the IRS encourage and promote this practice nowadays?</p> </div> </div> <a href="#" class="comments-box__reply" data-comment-id="9904">Reply to this comment 禄</a> <div class="clearfix"></div> </div> <div id="comment-9905" class="comments-box__item children" style="margin-left:60px"> <div class="comments-box__text "> <div class="comments-box__author"><span class="blue">Sandra Klanijan</span> says: </div> <div class="comments-box__content"> <p>The answer to that is yes. That鈥檚 why there has been a proliferation of accounting software solutions not only to help businesses and professionals with their financials but also to streamline the process and preparation of tax records and documents. The IRS supports this practice and you can check their information page (updated as of October 2017) on the <a href="https://www.irs.gov/businesses/small-businesses-self-employed/use-of-electronic-accounting-software-records-frequently-asked-questions-and-answers" rel="nofollow">use of electronic accounting software records</a> for more details. The takeaways of the topic on that page include the following:<br /> - Electronic information management is now the standard to eliminate traditional paper books and records in the IRS examination process.<br /> - It reduces the burden while increasing the efficiency of examiner鈥檚 analysis, and provides a complete set of taxpayer鈥檚 accounting records.<br /> - The IRS will request electronic accounting software backup files early in their examination.<br /> - The IRS has the ability to accept and read data files from accounting software programs currently used by most business taxpayers.</p> <p>You see therefore the importance of having the leading accounting software products out there used by businesses. Accounting software will be required by the IRS for the efficient examination and analysis of your tax records. It benefits both you and the IRS, simplifying the preparation and submission of tax information on your part and the work on their end.</p> <p>It is worth pointing out that with the capability of accounting software solutions to produce large number of pre-set reports, the examiner is able to drill down on the underlying data in each report as well as test the veracity of the accounting records you submitted. Accounting software helps you generate accurate and verifiable tax information that can stand the test and analysis of the IRS examiner. This is crucial, and a good accounting software can help you in this area.</p> </div> </div> <a href="#" class="comments-box__reply" data-comment-id="9905">Reply to this comment 禄</a> <div class="clearfix"></div> </div> </div> <h3>Leave a comment!</h3> <form action="https://financesonline.com/wp-comments-post.php" method="post" id="commentform" class="comments-box__form"> <p>Add your comment below.</p> <p>Be nice. Keep it clean. Stay on topic. 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15 Best Accounting Software Systems for Your Business in 2024 - Financesonline.com