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.
