Top-rated Small Business Accounting Software by 2021

If you have a business, you need accounting software to effectively manage the financial life of your business. Of course, the software you choose needs to match exactly the size and scope of your business. There are more options for accounting software available than ever before, all with different price points to fit any budget. Therefore, there are no excuses. Time to find the right product for you.

While that’s great, it can also be confusing. In order to cut down on the confusion and have a better idea about just what you’re looking for, it’s best to decide what features you absolutely must have and work from there.

Our top ten applications range from simple accounting software designed for sole practitioners to feature-laden applications that grow along with your business.

Our top picks for the best Accounting Software:

1. AccountEdge Pro

AccountEdge Pro is entitled to be our limited accounting application and for good reason. A good equation for small and growing businesses, AccountEdge Pro is an app designed to provide remote access, taking you easily throughout the accounting cycle. The easy integration with Shopify and UPS Shipping makes AccountEdge Pro very well suited to online retailers. AccountEdge Pro provides robust payment capabilities, as well as excellent timing and billing performance that can follow both paid and off-peak hours. Full payment and self-employment are available, and a robust inventory module allows you to manage your stock easily. AccountEdge Pro recently added an automated banking supply option, allowing you to connect both bank and credit card accounts to the app. A $ 5 registration fee is required to use the bank feed option.

AccountEdge Pro offers top-notch invoicing capability for small and growing businesses.

As an added bonus, AccountEdge Pro also includes a contact feature for tracking customers, merchants, and employees using the same database. Reporting options are great for AccountEdge Pro, including the test method report. The mobile app for both iOS and Android devices is available. Perhaps one of the biggest benefits of using AccountEdge Pro is its price structure. Scalable, as there are four programs available, the basic plan has a one-time fee of $ 149, and the Pro plan is $ 399. Additional licenses, such as Payroll subscriptions. If you want full online access to all features and functions, check out AccountEdge Pro Hosted. AccountEdge Connect is currently running for $ 25 / month for up to five users, while AccountEdge Pro Hosting is available for $ 40 / user per month. If you wish to access the app remotely, AccountEdge Connect will cost $ 25 / month. You will also pay extra for phone support. Another benefit of using AccountEdge Pro is the stability it brings as an application designed to provide remote access. With programs that are suitable for one-person operation in a business-level business, you will never have to release AccountEdge Pro.

2. FreshBooks

FreshBooks is online accounting software that works well for shareholders and freelancers. The Retainers feature on FreshBooks makes it ideal for lawyers, accountants, or any professional who charges their customers a deposit. To provide a single version and team version, you can easily communicate with other employees or your fellow contractors. One of the latest additions to FreshBooks is dual accounting, required for a growing business. Other features found in FreshBooks include ACH payment acceptance, robust payment capabilities, time tracking capabilities, and the ability to create and manage projects.

FreshBooks lets you handle projects, track time, and create and monitor project budgets.

You can also create ratings and suggestions on FreshBooks, and link the app to your bank accounts to manage costs easily. Payroll is not provided in FreshBooks, or affiliates with Gusto Payroll if you have employees to pay. FreshBooks also offers a mobile app for both iOS and Android devices. FreshBooks offers four programs: Lite, Plus, Premium, and Sele. The Lite system is ideal for self-employment, while the Premium system is ideal for small businesses. FreshBooks Lite runs for $ 13.50 / month, Plus is $ 22.50 / month, and Premium is $ 45 / month. Choose a custom price available from the company. Perhaps the biggest advantage of using FreshBooks is that you will actually use it. Many self-employed and self-employed people may always be reluctant to use a spreadsheet to manage their business finances, but FreshBooks is so easy to use, that you will actually use it. Offering enough features for small businesses without having to resort to bulk that you will never use, but have to pay for, FreshBooks is worth a small investment.

3. Sage 50cloud Accounting

Formerly known as Peachtree Software, Sage 50cloud Accounting is a hybrid solution based on the foundation, but also includes the option to connect to the app remotely if necessary. Sage 50cloud Accounting is a great choice for small and growing businesses, with many programs available. Sage 50cloud Accounting incorporates a robust innovation module and offers integration with a wide range of point-of-sale (POS) applications, making it particularly suitable for traders.

Sage 50cloud Accounting offers excellent vendor management capability.

Sage 50cloud Accounting allows you to link your bank accounts or track your business expenses in a standard way. The application includes excellent customer management and sales management, including the ability to receive online payments. You have the option of paying your merchants electronically, or by printing postage checks. The Sage 50cloud Accounting Inventory module includes multiple price levels and user-defined fields for tracking additional information. Two salary options, Essentials, and Full-Service are available, and reporting options are available. Sage 50cloud Accounting includes a mobile app for both iOS and Android devices. Sage 50cloud Accounting offers three plans: Pro, Premium, and Quantum, with annual prices starting at $ 340 for a Pro plan. The Premium plan, which is likely to benefit small businesses, costs $ 510 / year, and Quantum prices are $ 842 / year. With three plans available, Sage 50cloud Accounting can be a boon to growing businesses. Integration with Microsoft 365 provides easy online accessibility, and access to POS and innovation features makes this program particularly useful for brick and mortar retailers and online retailers.

4. QuickBooks Desktop

QuickBooks Desktop 2020 includes several new features designed to streamline various processes. These new features include:

  • Enhanced system navigation
  • xpanded help capability
  • Automatic payment reminders sent to past due customers
  • Ability to consolidate invoices into a single email

In addition, all QuickBooks editions offer the following features:


QuickBooks Desktop enables high-end software, allowing users to create high-quality invoices for their customers. Premier Publisher provides users with a variety of industry-specific invoices templates including technical, product, and service invoice templates.

You have the option of using QuickBooks Payments for instant payment, including the ability to add a “Pay Now” button to customer invoices for easy payment.


Good inventory tracking skills are available for all QuickBooks Desktop programs, with the ability to track all sold products, inventory costs, and asset management, including inventory repairs.

You can easily add inventory items to QuickBooks Desktop, with custom fields available for tracking additional details.

The premium inventory inventory module offers the highest quality features, including low stock alerts, the ability to track any product with a manufacturer’s share number, the option to increase product costs, and the ability to reset points. In addition, there are custom fields that can be used to track additional details of any invention.

5. Zoho Books

If you are a solo owner, freelancer, or starting a brand new business, Zoho Books is for you.

Inexpensive even on a very tight budget, Zoho Books incorporates a solid asset management feature and provides new users with step-by-step instructions for everything from standard setup to invoicing, making it easy to set up your new business and run faster.

Zoho books offer a long list of features, even if the majority are on the professional list. These features include automated workflow, good cost tracking, recurring transactions, project management, and the ability to create custom invoices.

The Zoho Overview takes new users through the entire setup process step by step.

A client portal is available that allows you to share invoices with your clients, and the accountant version allows you to share your business information with your CPA or accountant.

Zoho Books also offers easy online payment options to your customers, with the mobile app available on both iOS and Android devices.

Perhaps the biggest drawback to Zoho Books is its limited integration with third-party applications, as well as the lack of payment option.

The price of Zoho books starts at $ 9 / month which is a reasonable basic plan, however most users will need a standard plan, which is $ 19 / month, or a professional plan, at $ 29 / month.

One of the great benefits of Zoho Books is the number of resources provided to non-accountant users. Zoho books take time to explain everything, providing a great level of comfort for new users.

6. AccountingSuite

AccountingSuite provides features that small businesses have come to expect from any software application, including cloud access and strong accounting capabilities. Bank connectivity is also provided in AccountingSuite, with the app being able to connect to more than 9,000 financial institutions.

You can manage your invoices in the sales module, and process and pay the bills in the purchase module. Both project and tracking time are provided in the app as well, so you can track projects and profits, while the tracking feature allows you to record the time spent on each project.

AccountingSuit Review:

AccountingSuite is the most feature-rich, customizable accounting website we’ve reviewed

But AccountingSuite also has some outstanding features not always available in small business accounting software.


Not all small businesses need a budget tool, but if you can get it with your app, why not use it? AccountingSuite provides an amazingly powerful budget tool that allows you to create budgets for each account in your standard ledger.

The budget tool allows you to create budgets for the current financial year or for any future year, and you can select the types of accounts you wish to include in the budget.

AccountingSuite offers easy budget creation, with quick access to your chart of accounts. Source: AccountingSuite

There is also a pre-fill option, which can be used to automatically replenish the budget with actual information from the application or the imported file. If you want to see how close you are to the budget, use the budget report, calculate income and expenses and compare real money with budgeted prices.

Be sure to read the full review to get the full discussion of all the features of AccountingSuite.

7. OneUp

OneUp is an excellent business accounting app that you may have never heard of. Ideal for sole proprietors and freelancers, with its robust asset management module, OneUp is a great way for retail businesses.

OneUp is also suitable for growing businesses, with prices based solely on the number of users rather than features, with the Self, one-user system, including the same features as the Unlimited program.

OneUp offers a good selection of features, including the option to connect your bank accounts or enter a transaction manually.

Other features include the ability to process merchant and sales quotes, purchase orders, and credit memos, and the Opportunity feature allows you to track and manage all possible sales directly to the product.

OneUp offers a terrific invoicing option, with the ability to request payment immediately

OneUp does not offer the option to process merchant payment checks, either you can pay your merchants electronically or enter payment details directly into the application. The mobile app is available for both iOS and Android devices.

The price of OneUp starts at $ 9 / month for the Self program, and goes up to $ 169 / month for the Unlimited plan, with all programs that have the same features, so you’ll only need to rate it if you add more users, not get access to more powerful features. OneUp’s biggest frustration is the lack of payment options.

At the moment, the great advantage of using OneUp is access to all aspects of the app and activities from day one, whichever program you choose.

8. QuickBooks Online

QuickBooks Online is probably the most popular of all small business accounting apps. Designed exclusively for small businesses, QuickBooks Online offers easy access whenever / wherever they are lacking in their powerful desktop version.

A good equator for small and growing businesses, QuickBooks Online is often compared to FreshBooks. It integrates with hundreds of third-party applications, making the app suitable for all types of businesses.

The features of QuickBooks Online differ greatly from the editing system, with many powerful features found only in the most expensive programs.

Features found in all systems include an online banking connection, the ability to capture receipt preparation for expense reports, and a good cost management feature

QuickBooks Online offers easy expense management, including numerous bill payment options. Source: QuickBooks Online software.

The best sales tracking and asset management are available, and you can easily download the mobile app for iOS and Android devices.

QuickBooks Online does not include salaries, but includes the option to add Intuit payroll services directly to their current system.

In addition, QuickBooks also offers integration with other third-party apps.

QuickBooks Online Prices can be confusing, discounted prices show the first discount, and kick normal prices after the first three months. Pricing starts at $ 12.50 / month with a one-time Start Start plan and increases to $ 25 / month after three months.

Other plans include Plus, designed for five users and running for $ 35 / month for the first three months and then multiplying to $ 70, then go to the Advanced plan, which can accommodate up to 25 users and start at $ 75 / per month, rising to $ 150 / month after three months.

One of the great benefits of using QuickBooks Online is its integration with thousands of applications in various categories including salary, inventory, HR, and project management.

9. Xero

Xero is an online accounting software that gives you easy access to running your business from anywhere. Designed for a small business owner who does not want to spend a lot of time studying accounting but wants to stay on top of business operations. Xero works well in a variety of niche markets, including marketing, IT, law, e-commerce, and startups, and its ability to handle large sums of money makes it ideal for running a global business.

Xero offers dual accounting, with a default chart of custom accounts that need to be installed on the app. Repeated magazine entries are available in the app, and you can easily link your bank accounts to Xero by automatically importing all banking functions.

Xero’s dashboard offers a summary view of your business finances. Source: Xero software.

Xero also offers enhanced invoices, so you can create more invoices. Additionally, you can create invoices from a mobile device and email them directly to your customers.

Basic asset management, payment options, and advanced reporting options are also available at Xero. Also, if you are dealing with multiple projects, Xero allows you to manage them simultaneously, create multiple invoices, and track performance throughout the life of the project.

Xero is awesome and has three programs available. If you are just starting out, you can sign up for the original plan, which works for $ 9 / month, and then access to a more robust growth program for $ 30 / month, or an established program, which works for $ 60 / month.

While Xero does not offer staff, it offers integration with Gusto, starting at $ 39.95 / month.

If you’re looking for an app that offers easy integration with hundreds of apps, Xero is for you. It meets more than 700 third-party applications in a variety of categories, including payroll, sales area, custom management, time tracking, CRM, and e-commerce.

10. Sage Business Cloud Accounting

Suitable for sole proprietors and freelancers, Sage Business Cloud Accounting also incorporates robust asset management, making it an excellent choice for merchants, especially online retailers.

There is no paid feature available in Sage Business Cloud Accounting, or in third-party applications the app is associated with, so it is probably not your business option if you have employees to pay.

Sage Business Cloud Accounting includes many marketing features such as quotes and creative assumptions, credit notes, and the ability to invoice the way you need.

Sage Business Cloud Accounting offers good inventory management capability.

The built-in tracking feature allows you to view the status of invoices, including sent invoices, required invoices, and previous invoices. You can connect Sage Business Cloud Accounting with your bank, and product and service options allow you to manage stock and non-stock items on your list. The mobile app is available for both iOS and Android devices.

Sage Business Cloud Accounting offers two programs: Starting Accounting and Accounting. Starting Accounting is $ 10 / month, with an Accounting plan that costs $ 25 / month. Accounting Start is only suitable for freelancers and sole proprietors, while almost any other type of business will require an Accounting system, which offers solid features.

One of the great benefits of using Sage Business Cloud Accounting is access to Sage Marketplace, which provides connectivity to more than third-party applications, all designed to integrate with Sage applications.

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