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14 Accounting Software Tools To Make Finances Easy

At this time of year, no one wants to think about taxes, but the clock is already ticking. If by some chance you don’t have an accounting package and are in need of accounting software tools, you’ll want to take a run through a previous post where I compiled 17 accounting tools [1].  Today, I’m providing 14 more.

This is focused on accounting, but if you have a more specific need around online invoicing, then check out our list of 50 Online Invoicing Apps for Small Business [2]. Many freelancers and solopreneurs have reported these work very well for their needs.

14 Web-based (Mostly) Accounting Software Tools:

NolaPro [3] has an online solution, in addition to its Windows and Linux desktop versions. Web-based plans start at $9.99/month, but the desktop version is free. You can add a payroll module for $35. CNET shows it has over 100,000 downloads and is rated #6 in accounting and billing software. However, the CNET list where they are #6 has a bunch of other types of software on it, so they may be #1 in accounting.

accounting software tools

Connected Core Accounting [4] appears to be Mac-centric, but PC-capable. The website explains that you can have a Mac based business on the front end (let’s say you run a design firm) but cross-platform capabilities so you can talk to your customer service or accounting departments where PC’s rule. Your PC users, including an outside accountant, can use Connected on a Windows computer at the same time as your Mac users, with identical features and information shared. Software starts at $399 and you can download a free trial.

Sage 50 [5]: Most business owners have heard of Intuit’s QuickBooks, but Peachtree is equally well known. It is now called Sage 50. This is the package that many businesses choose when they know they are going to scale up and need a full enterprise resource planning solution (ERP). It does accounting, but the core of it revolves around integration of other software, over time usually. The base package starts at $269 for one user. 30-day free trial download.

NOTE: Let me briefly translate that ERP offers the ability to integrate applications across your entire business. That includes all facets of an operation, including: product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR, to name some of the major functions.

Sage One [6] is the cloud offering of Sage 50 (more or less) and at $29/mo (after the 30-day free trial), you are running a full featured business management program, including accounting, project management, and collaboration functions. When you consider that the Sage 50 Complete package (1-5 users) is $369, this may be a viable option.

accounting software tools

AccountEdge [7] is accounting for Windows, Mac, and mobile. The basic Mac package is only $99, but the full Mac and Windows versions are $299. The iOS mobile version is free and synchronizes, via DropBox, with the desktop version. They offer free trial versions of each.

Wave Accounting [8] is free. Lots of Web-based accounting providers offer a free trial or a light free version, but Wave is totally free. No limits. They do this with an ad-supported model they call Business Savings. Inside Wave, you’ll see “savings offers” from companies like Amex, Staples, Dell, Moo and others. These companies are paying Wave a sponsor fee, or an advertisement that is akin to a coupon, but this is how Wave maintains a free and powerful accounting app for your small business.

Kashoo [9] has an award-winning iPad app that caught my attention. Their Web-based version gets high marks, too. I had heard about the company, but thought they were focused on invoicing only. I was wrong. They are a full-fledged accounting software package, in the cloud. They have a free version that is limited to 20 transactions per month, but that works well for many microbusiness owners. Paid plans start at $16/month.

accounting software tools

Zoho is a popular cloud-based office solution and they have an accounting software tool called Zoho Books [10]. It starts at $24/mo for two users. It recently added a feature so you can pull in your bank and credit card statements automatically. And I like that they have an Aging summary high in the dashboard so you can see the age of your invoices and which ones are overdue.

Don’t forget Microsoft Excel is great at number crunching. You can find loads of accounting templates via the Microsoft site [11] and if you start doing advanced stuff with formulas and macros, then a visit to MrExcel.com [12] might be worth a visit.

Last, but certainly not least, are open source accounting software tools. These packages have tens of thousands of users, so don’t discount them because they are open source. You can be running Mac OS X or Linux (Ubuntu) or Windows for some of these. The open source accounting software tools sometimes take a bit more “tech chops” to install and keep running, but just as often, you can click install and you’re set.

Open Source Accounting

Edoceo Imperium [13] does accounting, but bills itself as business management software, so you’ll see additional functions in it. Linux-based only. GnuCash [14] is free accounting software tool with installs for the major operating systems (OS). Gnu allows you to import QIF files, too. TurboCash [15] is based in South Africa, but it works anywhere, of course. Like many open source players, the software itself is free, but support is not. They have over 80,000 users. LedgerSMB [16] is an open source accounting and ERP program which offers businesses accounting, plus the ability to manage their operations, track money, inventory, and more.

Let us know in the comments what service or software you are using to keep your accounting accurate. If your pricing is not transparent, then that’s part of why you might not have been included in this list. Transparent means you list pricing clearly on your website without the need to call a sales rep.

Be sure to view the original list of 17 Accounting Tools for Small Business [1].