How can you manage your business accounting and finance that will help you reduce time, expense, and the labor needed?
A powerful business accounting application makes it seamless to manage accounts and keep track of finance.
Cloud-based Accounting Applications take the service a notch higher and allows businesses to manage their finances from anywhere while keeping the data secure. Other benefits of cloud-based accounting software include:
- Online Accounting Apps are Cost-Efficient: you pay for the hours and the number of executives who use that app.
- Cloud-based Finance Software is Scalable: you can expand your working force without investing a fortune on infrastructure as you can subscribe accordingly.
- Online Accounting Software is Easy to Upgrade: you don’t have to constantly worry about your system specifications to avail the upgrade. There is also no need to download the - package and install it in every one of your systems. You can simply purchase the upgrade and SaaS Application Company will take care of the rest.
By the end of this blog, you will have the complete list of best online and cloud-based finance applications that are market-proven and are sure to assist your business.
Top Online Accounting Software for Startups and Businesses Enterprises (in no particular order)
1. QuickBooks Online Accounting Application
Official Website: https://quickbooks.intuit.com/
QuickBooks Enterprises provide end to end financial management and accounting solution for small businesses and corporations to manage inventory, generate reports, and payroll.
The cloud-based software allows the admin to control employees’ access so that everyone can have the necessary data to work effectively while preventing access to sensitive and confidential data.
The advanced inventory control enables the user to track the inventory within the software. It also has an advanced pricing system to allow the user to customize and automate the pricing. The reporting system of the SaaS Accounting software comes with pre-filled data of the company reducing manual data input errors.
2. Freshbooks Online Accounting Software
Official Website: https://www.freshbooks.com/
Founded in 2012, Freshbooks offers a cloud-based accounting solution that delivers daily expense automation, report generation, invoicing, time-tracking, and payments.
The solution can be also be accessed from mobile platforms and makes collaboration between the teams effortless.
Freshbooks empower businesses to stay on top of their finances and generate reports quickly, allowing them to analyze effectively.
3. Xero - SaaS Accounting Software
Official Website: https://www.xero.com/
Xero is a SaaS accounting software for managing invoices, bank reconciliation, purchasing, inventory and more. The software presents a beautiful design that is easy to use and navigate.
The application can be easily integrated with a good number of third-party apps to further ease the data flow into Xero.
One of the features that make Xero stand out is that it can be used by any number of users without any extra license. The cloud-based application frequently adds new features and release upgrades every three to six months to assist their subscribers with the best accounting options.
4. Wave - Free Online Accounting Software for Small Businesses
Official Website: https://www.waveapps.com/
Wave focuses on small business (less than 10 employees) accounting, invoicing, bookkeeping, payroll, budgeting and report generation.
Wave ensures to give business with the right insights on where their money goes to plan on how they can cut reduce the expenditures and concentrate on where they should be spending more.
The application is also easy to understand and use even for new users. It also has an automatic billing and invoicing that saves a lot of time.
5. Zoho Books Online Finance Management Solution
Official Website: https://www.zoho.com/accounting-software/
Zoho Books offer a one-stop solution for companies to manage their finances most effectively. It streamlines all the monetary actions necessary for a company under a single hub.
The cloud accounting software also reminds the user to initiate the payment promptly while keeping tabs on other bills and payment requests.
One of the important features of Zoho Books is the ability to adjust finance management according to the project. Small, medium, and big: the cloud suite proves beneficial irrespective of the size of the company. The SaaS application is also backed by a powerful company, Zoho.
6. Netsuite Online Business Accounting Software
Official Website: https://www.netsuite.com/portal/home.shtml
Netsuite is a highly scalable accounting software to assist developing companies all the way in the business. The SaaS application is highly flexible and fulfills the needs of the businesses without any costly customizations.
It helps the companies to standardize their processes and create better financial plans while identifying and eliminating problems early in their budget.
Netsuite ERP also enables better collaboration around projects, one responsibility, and facilitates information exchange.
7. ZipBooks Free Online Accounting Application
Official Website: https://zipbooks.com/
ZipBooks is a free online accounting software available for enterprises to manage their finances. The SaaS application excels in online invoicing, time tracking, recurring billing, team management, report generation, and bank reconciliation.
ZipBooks assists the business to categorize and track the expenses without difficulties.
When connected to the bank account, the cloud-based accounting application synchronizes the bank accounts and gathers the information in one place. This greatly reduces the time spent juggling between the accounts.
8. Tally ERP Cloud-Based Accounting Software
Official Website: https://tallysolutions.com/
Tally ERP is a cloud-based accounting, compliance, and inventory management software with various functionalities to boost small and mid-ranged enterprises.
The application is user-friendly and even a new user can learn it easily. The accounting software is highly secured. The managers can also assign different levels of access to employees to protect confidential information.
It tracks daily transactions, cash flow, and manages the balance sheet while keeping the data of various accounts synchronized in one place.
9. Sunrise Small Business Accounting Software
Official Website: https://sunriseapp.com/
The accounting application is designed for freelancers and small business owners to manage their finances effectively.
Sunrise online accounting software provides a simple yet amazing interface for ease of use. From a single dashboard, companies can view their invoices and track their receivables.
The software enables users to build highly customizable reports as per the requirements. Further, it also accepts various payment gateways and multi-currencies.
10. Kashoo Online Accounting Software
Official website: https://kashoo.com/
Kashoo is highly affordable and supports any number of users. The online accounting software mostly serves the small business with its simple tools that automate the repetitive process like recurring invoices,
Kashoo’s dashboard is quite different from popular accounting applications, but the company has made it easier to understand the features with a popup tutorial that walks the users through.
The SaaS accounting application also offers integration with payroll and other applications to use for the business.
11. FreeAgent Small Business Accounting Software
Official website: https://www.freeagent.com/
FreeAgent is also cloud-based accounting software for small businesses and freelancers to manage their expenses, payroll, tax returns, and invoices, among other functions.
The SaaS finance application can automatically nudge the late-paying clients automatically at the established periods to ease the manual work.
Just a snap of the receipt is all FreeAgent needs to track the expenses and it also reminds the upload so that businesses can have accurate data which is crucial when filing tax returns.
12. Sage One Cloud-Based Accounting Suite for Business
Official Website: https://www.sageone.com/
Sage One is a cloud-based accounting software for automatic invoicing, income/expense tracking, reporting, cash flow forecast along with many other advanced features.
The accounting software is highly secured and automatically undergoes backup after the upload and entry. Sage One is probably safer than companies’ internal servers.
The SaaS application also has its own payment gateway as one of the options of payment along with PayPal and others. The customers can always view their previous invoices, update their details and select the invoices they want to pay at that time.
Online finance software has incorporated an intuitive interface for users to navigate seamlessly. The dashboard can be customized to the user’s preferred settings and the data can be viewed in graphical formats.
The list of SaaS accounting applications has its nuances, advantages, and disadvantages. An application that worked well for everyone in the business might not solve your satisfy your requirements. After all, every business is different and has its own subtleties.
So we recommend you to build a checklist of must-have features on accounting software and analyze the applications thoroughly before choosing the ideal accounting application for your business.