Unravel the world of enterprise financial management with a deep dive into the top 10 bookkeeping platforms. Discover how these tools can streamline your financial processes, enhance accuracy, and provide valuable insights to drive your business forward.

Wave

Cloud-based, easy-to-use software that offers credit card processing and payroll services

  • For the price offering of Wave, accounting, receipt scanning, and invoicing software are free with no hidden charges
  • Credit card processing is 2.9% plus $0.30 for Visa, Mastercard, and Discover
  • Payroll charges cost $35 monthly fee plus $6 for active employees and $6 per independent contractor

Freshbooks

Catered to the accounting needs of small businesses

  • Offers three-tier pricing: Lite Plan starts at $6 per month, Plus Plan costs $10 per month and Premium Plan at $20 per month
  • Customizable feature and pricing for businesses with more than 500 billable clients

Kashoo

A time-saving accounting application that automates bookkeeping tasks for small business owners

  • Categorizes and reconciles expenses with bank and credit card transactions and provides accurate, complete, and real-time reports
  • The platform also includes smart Invoicing that will match deposits and payments to customer records and an OCR and receipt-matching feature.
  • Kashoo offers a Free 14-day trial, with no credit card necessary; it also has a Monthly Plan which starts at $19.95 per month, and an Annual Plan costing $199per year.

Xero

Cloud-based software with strong accounting features, numerous integrations, unlimited users, and an easy-to-use interface

Zoho Books

Offers strong accounting features and has more than 40 app integrations

Key factors to consider when evaluating bookkeeping software

Cost and efficiency

  • Usability and training requirements
  • Scalability and limitations
  • Support for tax preparation and filing
  • Robust reporting capabilities
  • Mobile functionality
  • Customer support
  • Third-party integrations

Features

Payment reminders

  • Recurring invoices
  • Online credit card payments
  • Multi-currency and language billing
  • Automatic tax calculations for sales tax
  • Tax-friendly expense categories
  • Remembered vendors
  • Time tracking
  • Bank deposits, recurring payments, and auto bills with bank integration
  • Integrations with tax apps, estimates, deductions, and filing tools

BotKeeper

An online bookkeeping support featuring a combination of machine learning and artificial intelligence.

  • Offering 24/7 client support, also boasting its interactive dashboards, unlimited reporting, and most of all, giving unimaginable insights into their financials
  • Pricing starts at $79 / month, the Accounting Partner Starter; the accounting Partner Basic costs $199 per month.
  • Custom Scoping Plan price would depend on adding services the customer will avail of.

GoDaddy Bookkeeping

Designed for e-commerce businesses

  • Price starts at $4.99 per month for its Level 1 Tier
  • Get Paid Plan; next is Essentials Plan at $9.99; and lastly, its Premium Plan costs $14.99.

Sage

Offers several advanced accounting features and customization alternatives

  • However, it does not appear to have basic accounting features, which requires in-depth training
  • Outmoded user interface and inadequate customer support make it difficult to use.
  • Recommended for accountants with extensive accounting experience.

Features: Cloud-based, Accountant access, Invoices & estimates, Quotes, Expense tracking, Bank reconciliation, Journal entries, Fixed asset management, Accounts payable

Time tracking & project management

Features:

Manage business finances and cash flow; Accept and receive payments

ZipBooks

It is an online invoicing and time tracker.

  • It also features an accounting software solution, including the ability to automate transaction import, reconcile your bank account(s), and customize reporting.
  • Pricing is not provided online; customers should contact ZipBooks instead to obtain a custom quotation.

Intuit QuickBooks Online

A cloud-based software offering tons of interesting features for bookkeepers and accountants

  • Boasting 2.5 million users and Training & Certification online program, together with advanced features on reporting, integration, availability in mobile applications, and built-in lending.
  • Offering a 30-day free trial, a test drive account of QuickBooks Plus, and its Advanced plan.

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