The 5 Popular Accounting Software for Business

26.06.21 05:48 PM By Aishwarya

Leading Accounting Software for Any Size of Business

New Delhi, India

Accounting software is software that can perform numerous accounting and bookkeeping tasks. It stores business’s financial data and usually wants to perform business transactions. Accounting software is essential for running a healthy business But choosing the best accounting software for your business is challenging. Each program includes a special set of features, and most offer multiple pricing plans to settle on from, which also vary in features, number of users, and other factors.

There are many various sorts of accounting software available for little businesses, with varying capabilities and price tags. Generally, the sort of industry and number of employees are two factors that will help a little business owner begin to settle on the appropriate accounting software.


Xero is a cloud-based accounting software platform for little and medium-sized businesses.

See your cash flow in real-time with online billing, banking, and accounting. Just log in anytime, anywhere.

  • Free trial, pay nothing until you’re ready
  • No setup fees, upgrade fees, or contract
  • Free online support

For accountants and bookkeepers, Xero helps build a trusted relationship with small business clients through online collaboration. Founded in 2006 in New Zealand, Xero is one of the fastest-growing software as a service companies globally.

Features of Xero:

  • Online Accounting See your cash flow in real-time. Just log in anytime, anywhere.
  • Bank reconciliation Automatically import and code your bank transactions
  • Invoicing Create and send invoices automatically and obtain paid online.
  • Add-ons Pick from a wide range of powerful add-ons including Freshbooks, Salesforce, ADP, Harvest, and more.
  • Mobile Do invoice, expenses, and track income on the go.                   


FreshBooks is a cloud accounting solution designed for freelancers and small business owners. It is an easy and intuitive solution, so accounting isn’t intimidating. Create professional invoices, capture your expenses and track some time towards projects. Plus all of your data is stored securely in the cloud, so you can work wherever you are, on whichever device you’d like.


Customizable Invoices:

Pick your template, add your logo, and even adjust colors and fonts to make sure your invoices wow your clients.

Payment Reminders:

Got a client that has a hard time remembering to pay their invoices? Let FreshBooks do the awkward nudging with automatic, customizable Payment Reminders.

Automatic Late Fees:

Easily set FreshBooks to automatically apply a late fee when your invoice becomes overdue to offer your clients that extra incentive to pay you quickly

FreshBooks is your ultimate solution to automating your Invoicing processes. With FreshBooks, you'll easily create, send, and manage invoices. This product allows you to enter invoices quickly with minimal user data required, then send them out via e-mail or traditional mail.


Wave is a double-entry accounting website with a tag that might appeal to freelancers and independent contractors, though some small businesses with employees could use it, too. It’s free unless you check in for payroll or customer payments.

Wave may be a double-entry accounting website with a tag that might appeal to freelancers and independent contractors, though some small businesses with employees could use it, too. It’s free unless you check in for payroll or customer payments.


  • Invoicing- The invoicing feature of Wave Accounting is pretty solid. We are ready to enter our services and items that are available for our customers at the right price point. We add the services or the items to the invoice and add the quantity ordered or used.
  • Recurring invoices - With recurring invoices, you can enter invoices that will be sent to clients regularly. Either monthly, quarterly, or yearly, the invoice is going to be sent to the customer. Customers can then pay online with a MasterCard and also permit you to automatically pay the invoice upon submission.
  • Payroll - This feature will allow you to run the payroll on your schedule and Wave Accounting will determine your liabilities and submit all paperwork to the proper government agencies.
  • Wave delivers an excellent, free accounting service for freelancers. Its invoice creation and management tools are good, too, though the invoices could stand to be more flexible.


QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications also as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.


  • Cloud accounting: Access your account, manage your business, and stay organized anytime, anywhere on your computer, mobile, or tablet.
  • Invoicing: Create custom, professional invoices, sales receipts and estimates that you simply can send minutes.
  • Time Tracking: Clock employee time and billable hours. Track billable hours by client or employee and automatically add them to invoices.

It is a full-featured business and financial management suite complete with tools for accounting, inventory, payroll, tax filing, invoicing, checking account tracking and reconciliation, expense management, budgeting, payment processing, and accounts receivable and accounts payable management.

5. Sage Intacct:

Sage Intacct is the cloud accounting solution that’s ideal for accounting firms like yours.

The platform delivers deep accounting capabilities across multiple industries designed with a single aim—to accelerate your success.


  • General ledger. Streamline your chart of accounts, reduce transaction tagging errors, and slice and dice data in new ways. Sage Intacct’s GL has the most innovative and flexible architecture on the market.
  • Contract and subscription billing. Tailor pricing and billing schedules to suit your business model. Automate pricing and billing, integrate with your automated revenue recognition, or create a seamless data flow between your CRM and your financials.
  • Dynamic allocations. Easily allocate indirect costs and revenue contribution across products, projects, departments, or other dimensions.
  • Customer success remains at the heart of Sage Intacct’s business model and is reflected in industry-leading levels of customer satisfaction. Sage Intacct has the highest customer satisfaction score for both Accounting Software and ERP Suites on G2 Crowd, a leading business software review platform.

Whether you are a growing small business that is expanding beyond the capabilities of entry-level accounting solutions, or an established mid-size or larger company that is looking to replace an outdated on-premises system, like Microsoft Dynamics, there are several reasons why Sage Intacct could also be the simplest option for your business.


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