Today’s present time has let business owners run their business digitally especially when it comes to tracking financial transactions. For this reason, cloud accounting solutions have been booming as they help businesses handle accounting tasks and run reports that help them analyze their business’s financial health and its other aspects. So, if you are looking for the best cloud accounting software for your business that could help you simplify accounting tasks, then this article is for you.
What is cloud accounting software
The same thing with traditional accounting software, cloud accounting software can perform basic accounting tasks, only that a cloud accounting solution is hosted on a remote service. What’s good about cloud-based accounting software is users don’t have to install it on individual desktop computers. It can be accessed through the Internet or other network via a cloud application service provider. Moreover, cloud accounting software allows other people within your organization to access the same data and the same version of the software.
Best cloud accounting software for small to big businesses
Below is our list of the best cloud accounting software that can help you with your business operation.
Quickbooks Online
Used by most small businesses, Quickbooks Online is an accounting software solution that offers tools for tax calculation, sales monitoring, invoice management, and expense tracking. With Quickbooks, even if you are not an accountant, they made it easy for you to use this software as they provide you with organized and easy-to-read reports and a dashboard. You can also access Quickbooks anywhere, anytime, and from any device plus, you can connect your bank account and cards for you to easily import and sort expenses into appropriate categories and easily sync Quickbooks with other popular apps. Aside from its features, this accounting software ensures that your accounting data is secure all the time.
Pricing: Quickbooks offers a 30-day free trial and 50% off for the first three months. It offers 3 plans that can be paid monthly or annually. Take note that Payroll does incur an additional subscription fee
G2 reviews: 4 out 5 from 2891 reviews
Freshbooks
Freshbooks is an all-in-one invoicing and accounting solution that is mainly designed for both businesses and accountants. This cloud-based accounting software makes invoicing and time tracking processes simpler and offers powerful features for thriving businesses. As this software embodies the slogan “Ridiculously Easy to Use”, even professionals without an accounting background can easily use this software. Also, Freshbooks allows you for customization that allows you to brand and market your services. This includes modifying the design, and colors and adding your logo to financial documents making it look more professional.
Pricing: Freshbooks offers 4 plans that can be paid monthly or yearly and offers 70% off for the first three months.
G2 reviews: 4.5 out of 5 from 650 reviews
Zoho Books
Having a prominent name in the industry, Zoho Books features a powerful set of tools that helps you manage your finances, automates your workflows, and helps facilitates collective work across departments. It can handle tasks such as invoicing, negotiating deals, and raising sales orders. Apart from this, Zoho Books allows you to integrate over 40 apps that can help you handle every part of your business.
Pricing: Zoho Books offers a free version that offers invoicing, mileage tracking, reporting, and more. However, if you’d like to unlock more of its features, you can choose from its 4 paid plans that can meet your business needs. Moreover, you’ll get a free trial for 14 days from its paid plans.
G2 reviews: 4.5 out of 5 from 114 reviews
Xero
Xero allows its users to track and pay bills on time, set up bank feeds, and monitor expenses. You can also use this accounting solution from any device and make your work on the go. For its accountant and bookkeeper users, Xero provides a feature which is called Xero HQ for managing clients and staff, Xero Cashbook, and Xero Ledger.
Pricing: Xero offers three plans that can be canceled with a one-month notice.
G2 reviews: 4.3 out of 5 from 485 reviews
Sage 50cloud
Sage 50cloud allows its users to manage accounting, finance, payroll, and various aspects of business within one cloud solution. It takes charge of administrative tasks, with a feature such as the cash flow manager automatic bank reconciliation function. Also, its advanced feature helps you compute and track costs and quantities by item, and adjust inventory. Just like the other cloud accounting software, Sage 50cloud integrates with various business platforms that will help you expand your platform’s capabilities.
Pricing: Sage 50clod offers 3 pricing plans; Pro Accounting, Premium Accounting, and Quantum Accounting.
G2 reviews: 3.8 out of 5 from 125 reviews
NetSuit ERP
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One of the best accounting software that you can choose from is NetSuit ERP. This software helps you simplify and streamline your accounting tasks. NetSuit ERP automatically gets rid of duplicate data entry for you to access real-time information and metrics that help you gather information for your day-to-day operations. Plus, it ensures that all your transactions comply with accounting standards to speed up financial reconciliations. This cloud-based software can integrate with your existing CRM and web investments and other third-party solutions.
Pricing: This accounting software is included in NetSuite ERP platform license. However, if you want to know more about its pricing, you can contact its vendor and request a quote.
ProfitBooks
If you don’t have any accounting knowledge, ProfitBooks can help you to stay on top of business finances. With ProfitBooks, you can generate invoices, track expenses, manage inventory and you can easily share data among your team members.
Pricing: One of the best things about this cloud accounting software is it’s free to use for startups
G2 reviews: 4.8 out of 5 from 4 reviews
Wave
Wave is another cloud accounting software that is popular for its easy-to-use interface and synchronicity where it allows you to link bank accounts, balance your books and track your expenses in one system.
Pricing: Most of Wave’s services are free. However, if you would like to access its other features that are needed in your business, you can opt for its paid plans.
G2 reviews: 4.4 out of 5 from 270 reviews
Kashoo
Kashoo has been in the industry for ten years. This cloud accounting software is mostly used by businesses that are looking for a simple solution. Its features include income and expense tracking, automatic reconciliation, and categorization with the use of machine learning technology that can help you improve your accounting workflow.
Pricing: Kashoo offers 3 plans that come with a 14-day free trial.
G2 reviews: 4.6 out of 5 from 53 reviews
OneUp
If you are looking for cloud-based software that makes accounting automatic, OneUp is one of those. OneUp provides you with features that can help you make your books done quickly and accurately. This software has been in the industry for 5 years and has been used by clients from more than 50 countries.
Pricing: OneUp offers a 30-day free trial with unlimited users and all features. They offer 5 plans that you can choose from when you decide to avail this cloud accounting software.
G2 reviews: 4.1 out of 5 from 20 reviews
Takeaways
Whether you run a small or a big-sized business, accounting is always a must task, which is why cloud accounting software are to the rescue. By using cloud-based accounting solutions, you’ll be able to save time to focus more on growing your business and allow you to get accurate and reliable results. Thus, we hope that this list of the best cloud accounting software can help you find the right accounting software for your business.
