One particularly notable feature set within AccountEdge is its data management and report customization features. You can customize hundreds of reports and use filters, report fields and custom lists to see only the data you need. You can also create graphs, charts and maps to create easily consumable reports. The software allows you to then back up your data even daily to ensure it is safe and never lost.

Compare QuickBooks Alternatives

Equally, the Xero Early package is ideally suited to very small businesses, so there’s a package to suit all. Amy Nichol Smith spent more than 20 years working as a journalist for TV and newspapers before transitioning to software and hardware product reviews for consumers and small businesses. Times, Tom’s Guide, Investopedia and various newspapers across the U.S.

Cloud vs. Desktop Accounting Software

1. Best of all though, Wave is free, and for that you also get the benefit of being able to add in multiple users.
2. Square Invoices is an affordable alternative to QuickBooks that gives you precisely what you need for payment processing.
3. Unique features like online bill pay and investment tracking, alongside cryptocurrency support, extend its utility to a global audience.
4. When I clicked “+ create,” then “invoice,” I was taken to a long form to fill out to create an invoice.
5. The only experience I could have done without is the upselling of partner products.
6. Xero, like many of the other leading contenders, offers bank feeds & reconciliations.

We evaluated what software were suited for the different business sizes and types. We assessed whether they had extra features like small business hiring trends end the year on a positive note inventory management, product tracking, payroll, invoicing, etc. The software boasts multiple core features to maximize time and money, with tools for creating multiple purchase orders, managing budgets, and keeping track of bills and expenses. Spendwise can be set up for multiple users and the reporting functionality is quite powerful too.

Xero – Low-Cost Subscription and Payroll

Xero is a great place to start as this is an accountancy software package that boasts similar features and functionality, but is more affordable. That’s mainly because it doesn’t charge you based on the number of users it has. The best alternatives to QuickBooks make it simple and easy to manage your accounting with a different software package.

Best for Simple Accounting

However, with so many options on the market today, choosing the right solution can be a challenge. To help, Forbes Advisor has narrowed in on the best accounting software for small business. Then, we looked for unique features that not every provider might offer but that we considered to be nice-to-have options for accounting software. These included multicurrency support, invoicing, bill payment, document management and offering training for the software use. Again, these were judged by whether they were included automatically in the plan, as a paid add-on or not at all. The free plan is packed with features that are helpful for a solo operation.

In addition, the AccountEdge Hosted option provides remote access from any device, offering flexibility to businesses. FreshBooks has a 4.5 rating on Capterra with 4,379 reviews and a 4.5-star rating on G2 with 688 reviews. Users say it is extremely easy to use and has all the basic features needed to manage small business accounting needs. However, they say the platform could use more automations and more in-depth reporting. They also wish they did not have to pay extra for features such as adding team members, saving credit card information or processing payroll.

These insights include profitability ratios, cash positions, liabilities, fixed assets and taxes. NetSuite’s pricing is custom, so you’ll need to speak with a sales team member for a quote. Small businesses seeking a detailed desktop-based system with optional cloud flexibility should consider AccountEdge. In addition, companies looking for advanced data management, security and reporting features would find useful features in AccountEdge.