List of Accounting Software Companies

Accounting software is software that is designed for accounting and tax accounting. It is aimed at fulfilling the requirements for the calculation and payment of taxes and monitoring the financial activities of the company.

In simple words, these are automated services that help you keep records, aggregate financial data, and store it for subsequent reports.

According to the scale and complexity of accounting, accounting software can be divided into several types: 

• For personal use; 
• For small and medium-sized enterprises;
• Systems for large organizations.

Also, there are other classifications of accounting software. Firstly, the accounting software based on the types of operations business handles:

• Billing and invoicing software;
• Payroll management systems;
• ERP systems.

Moreover, accounting software can be classified by following criteria:

• Free accounting software;
• Small business accounting software;
• Enterprise accounting software;
• Online accounting software. 

Let’s list what an entrepreneur wins using a comprehensive accounting system.

• Saves money. Compared to the salary of full-time specialists, the cost of cloud service is lower. 
• Works anywhere. You can work with the service anywhere and at any time if you have a computer and the internet.
• Always up-to-date information. The services provide only up-to-date documentation, if there are any changes in the legislation or new rules come into force, the platform specialists automatically make all the changes. You do not need to send requests to the tax office and wait for new forms for paperwork.
• Reminders. Notifications promptly inform users about the need to fill out declarations and send reports.
• Can be used via phone. Many online accounting programs have a mobile version.
• All data is stored in a personal account. If the computer or phone breaks down, all the data is safe in your personal account.
• No need for special knowledge. The user needs a minimum of special knowledge to start working with the program. Many services provide detailed text and video instructions for filling out documents.
• Quick registration. You can become a client of the service in a couple of minutes: register, pay for a tariff plan and sign an agreement – if any.

Free trial and demos. Many online accounting programs have free trial versions that help users try out the functionality and test the user-friendliness of the interface.

The main features of accounting software are:

• Core accounting;
• Creating invoices and billing;
• Reporting canvas;
• Payroll management;
• Inventory management;
• Asset management;
• Tax management;
• Preparing budgets and predicting outcomes;
• Interoperability.

There are many criteria to look for when choosing accounting software, but the main ones are:

• Program functionality and features;
• The convenience of working with the program;
• Free trial or demo version to try;
• Regularity, frequency, and scope of program updates;
• The cost of the program, its updates, and maintenance;
• The cost of purchasing a software product;
• The cost of the annual update of the program;
• Program support cost;
• The cost of training to work with the program;
• Time of existence of the program on the market.

There are many accounting tools for small businesses and choosing the right one is quite hard. We suggest you check out these accounting solutions:

• Osome
• Wave
• Kashoo
• Akaunting
• Tipalti
• ZipBooks
• Holded
• Sage
• QuickBooks
• Blackbaud Financial Edge