Our accounting software reviews are based on real time use. We look at how easy they are to set up and use. It can be so difficult choosing the right package and also if it will still be suitable if the business grows. If in doubt speak to your accountant and see if they have one to recommend.
Most accounts software are on the cloud, so you are looking at a monthly fee, rather than purchasing the full product up front. Cloud-based can suit most businesses, especially when starting up. Check pricing as some have initial low rates or free trials to get you started, but once up and running the figures are much higher.
Most now offer a free trial, normally for 30 days. It is worth trialling a few and see which one suits your business the best. One thing to check if there is a bank connection that your bank is listed. It will also give you a chance to look at their sales invoice designs and see if they are suitable. Make sure before the trial is ended you decide the best package for you.
These are some of the best options we have reviewed.
Wave seems to be a very little known cloud-based accounting package but is easy to use and absolutely free. People ask why it is free; they do include some advertising that pays for it. The advertising is not off-putting and well worth it for the features that Wave Apps has to offer.
Some of the features included are a front page dashboard so that you can see your business snapshot, Sales Invoicing, connect your bank and PayPal to download transactions, keep track of overdue invoices, tracking expenses and can allow adding additional users including an accountant.
Wave Apps is worth taking a look at before paying out for an expensive monthly fee. Read more about Wave Apps
I have recommended Accounts Portal to a couple of customers; the main reason is that you can combine two separate businesses into one if needed. It is useful if you want to split your business in two, but still need to report everything as one. You can have different invoice and statement templates and print a profit and loss for either the separate business or the whole entity.
Accounts Portal is easy to use and has lots of features that other accounts software has. If money is not an issue and you only have one business entity, then this is not my favourite.
I use XERO for a couple of clients and have found it one of the best packages to use. As with most of the others, it is cloud based and user-friendly. The invoices can be designed with your logo and colour scheme. Bank statements can be easy to set up depending on the bank that you use. There are lots of different reports available.
They also have a mobile app that allows you to invoice people on the move and also photograph expenses to help keep track of them.
If you are not sure where to start, XERO is a good all rounder worth taking a trial.
Quickbooks is another very popular package. They offer several different entry levels, with a cheap one for self-employment. QuickBooks has always been easy to get started and use. It has loads of reports to get all your company information and can grow with your business.
There are lots of different add-ons so you should be able to tailor the software to meet your needs.
QuickBooks offer a free trial and is worth downloading. Read our full Quickbooks Review.
Sage is recommend by many accountants, as it is the software that they use. Sage Instant accounts is their budget option for small businesses, take a look at our Sage Instant Accounts review.
To find the best Sage product for your own use they have a solution finder, just answer a few simple questions and they will recommend the best product for you.
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