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Top 10 Online Accounting software
October 21, 2024 | Editor: Michael Stromann
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Cloud-based Accounting software that allows to manage finances, expenses, invoicing, reconciliation, accounts payable, bookkeeping and more.
1
QuickBooks puts you in control of your finances, your time, your business—and where you work. From setup to support, QuickBooks makes your accounting easy. With simple tools to get you started, free support, and a money-back guarantee, QuickBooks is the effortless choice.
2
Xero is accounting software for small business. Like alternatives, Xero allows to manage invoicing, reconciliation, accounts payable, bookkeeping and more. Share access to your latest business numbers with your team & your accountant – so everyone is up to speed. Xero accounting software lets you work anywhere.
3
Zoho Books is an online accounting software with time tracking that allows you to easily manage the money flowing in and out of your business. Manage your customers and invoices, while keeping expenses in check. Record, monitor and reconcile your bank accounts and transactions, and collaborate with your accountant in real-time. Most importantly, Zoho Books helps you make better, more informed decisions and stay on top of your business.
4
FreshBooks is an online invoicing software as a service for freelancers, small businesses, agencies, and professionals. The product includes a myriad of other related features, such as time tracking, expense tracking, recurring billing, online payment collection, the ability to mail invoices through the U.S. Post, and support tickets.
5
Sage Business Cloud is the right, proven solution for mid-market customers with international ambitions and multi-national requirements. Sage Business Cloud technology is available on all leader platforms in the market with End-to-end process integrity and data consistency in your Webtop across the enterprise.
6
Half a million customers use Wave's online small business software to do their invoicing, accounting and payroll. Smart cloud apps for smart business owners. Wave makes it easy to be your own boss. Just do what you're good at, and lean on Wave's smart online software for help with invoicing, accounting and payroll.
7
Tally's Accounting Software is the trusted name worldwide to simplify and manage your financial accounting, inventory management, banking and other business needs.
8
FreeAgent is accounting software for small businesses and freelancers, recommended by 99.5% of our users. From expenses and time tracking, to estimates and invoices, FreeAgent helps you take care of business day-to-day. Keep track of your cash flow and project profitability, and see who owes you money on your FreeAgent overview screen. No need to sweat. Set up and configure multiple sales tax rates for your country and the countries you do business with.
9
Online Accounting Software made simple. VAT is automatically updated & can be submitted directly to HMRC. Get paid faster and improve cashflow wherever you are. Share directly with your accountant for easy management
10
Kashoo mobile and online accounting software for small business. Cloud based system for invoicing, expense tracking & bookkeeping. Kashoo is a complete double-entry accounting software solution that you and your accountant will love! Running your business gets a whole lot easier when you can access your books anywhere and anytime.
11
Small business accounting software from Less Everything, because your job title isn't accountant. Track all of your business expenses with LessAccounting, quickly and easily. You can put your expenses into categories, add notes to them, mark them as paid or due, and even upload a picture of your receipt with each expense. Send online invoices to any of your contacts, and track payments when you receive them. You can also set up invoices to reoccur whenever you need, and you can even accept payments for invoices via Paypal. You can customize your invoices with our powerful template engine as well.
12
Bench is the online bookkeeping service that provides you tax-ready financial statements from professional bookkeepers.
Important news about Online Accounting software
2023. Intuit launches generative AI–powered digital assistant for small businesses and consumers
In a universe where financial software companies vie for attention much like particularly self-assured galactic emperors, Intuit, the intrepid U.S. company known for giving the financially flustered a bit of guidance, has unveiled its first-ever customer-centric AI marvel: Intuit Assist. This helpful digital assistant has neatly insinuated itself across Intuit's ecosystem, making itself at home in everything from TurboTax and Credit Karma to the revered halls of QuickBooks and Mailchimp. Thanks to a user interface as consistent as the bureaucratic requirements of interstellar tax law, Intuit Assist cleverly sifts through context-heavy datasets to offer personalized guidance to a galaxy of over 100 million small businesses and consumers. And when a digital assistant isn’t quite enough, it seamlessly transitions to live human support—rather like a quick hop from hyperspace to ordinary drive. Powered by GenOS, Intuit’s proprietary AI operating system launched in June, Intuit Assist represents an endeavor to implant generative AI into every corner of its product universe, one personalized suggestion at a time.
2023. Accounting AI automation startup Trullion lands $15M
Trullion, a startup that one could only describe as attempting to make accounting almost, but not quite, entirely painless, has triumphantly managed to raise $15 million. This remarkable financial boost fuels a platform that unites corporate controllers, CFOs, and external auditors in a single digital space — a kind of unified fiscal multiverse where financial leaders are offered something resembling a "source of truth," which they desperately crave but rarely find. Among Trullion's shiny, algorithmically sophisticated toys are lease accounting tools, revenue recognition gizmos, and audit automation marvels that cunningly extract vital information from lease contracts and spit out audit-ready reports for the bewildered financial crowd. It also wrangles CRM software, billing, and contract data, wrapping everything up in a dashboard so neat and comprehensive that it might just save the galaxy — or at least a few sleepless accountants.
2023. Accounting and financial compliance startup Wafeq raises $3M
In a universe not entirely dissimilar to this one, where accounting and tax regulations orbit in a peculiar but somehow meaningful dance, Wafeq has emerged as a particularly clever entity, cheerfully offering its SaaS solution to baffled business owners across the UAE and Saudi Arabia. Armed with $3 million, it’s poised to expand its e-invoicing wizardry. In Saudi Arabia, where the paperwork is almost as serious as the sand dunes, Wafeq is already a ratified wizard. Meanwhile, the UAE hasn’t quite insisted on mandatory e-invoicing yet, though Wafeq stands ready for that grand decree. And if that wasn’t enough, the startup is now engaging in a complex ritual to seek the favor of the Egyptian Tax Authority, given that Egypt teems with millions of small and medium businesses, presenting what one might call, in the business of cosmic opportunities, a really rather large one.
2022. Accounting platform Osome raises $25M
Osome, a Singapore-based financial administration platform that assists business owners with tasks such as payroll, accounting and tax reporting, has secured $25 million in Series B funding. Over the past year, Osome has introduced an accounting platform that delivers tax and financial reports, along with expense and invoice management. Additionally, it offers a hybrid accounting service known as the Accounting Factory, which merges machine learning with human accountants and is designed to replace accounting software like Xero and QuickBooks. Osome currently supports over 11,000 businesses in Singapore (its headquarters), Hong Kong and the United Kingdom. It also provides business incorporation services in these regions and integrates with e-commerce platforms such as Amazon, eBay, Shopify, Lazada, Etsy and Shopee.
2021. “Autonomous accounting” platform Vic.ai raises $50M
Imagine, if you will, an AI with the existential courage to tackle that most soul-crushing of human burdens: enterprise accounting. Enter Vic.ai, a plucky little startup that’s just managed to charm investors into coughing up a cool $50 million in Series B funding. What’s the plan? Well, Vic.ai claims it can “automate” the meticulous, mind-numbing labyrinth of accounting by devouring vast quantities of historical data and analyzing ancient accounting rituals handed down over generations of finance teams. Gradually, Vic.ai’s artificial intelligence sidles in, quietly learning the craft from your data and team, until one day it’s confidently in the driver’s seat, handling cost-side accounting all by itself, sparing humans the agony of poring over repetitive entries and eliminating the chaos of duplicates and errors as it goes.
2021. Zoho Books gets a Free Plan
Zoho has launched the free plan of Zoho Books, tailored to address the accounting needs of small businesses, startups and freelancers. Zoho Books’ free plan aims to revolutionize the financial management of small businesses by offering a modern cloud accounting platform to replace traditional or spreadsheet-based accounting, mitigate the risk of data loss and decrease manual effort and mistakes. The free plan will assist you in going paperless, automating your accounting processes and managing your accounting tasks from anywhere. With this free plan, you can generate, customize and send up to 1,000 invoices annually, collect payments online or offline and automate your payment reminders. You will also be able to upload expense receipts and track expenses by category to stay within your budget. With the client portal activated, your customers will be able to view their outstanding invoices, comment on transactions, pay you online and leave reviews.
2021. Pennylane raises $18.3M for its accounting service
In a universe that might be described as “absurdly bureaucratic,” a daring little French accounting startup by the name of Pennylane has successfully hoisted $18.3 million in funding—quite a respectable sum for a platform attempting to bring accounting harmony to the galaxy of small and medium companies. With a certain flair for transforming financial chaos into sensible order, Pennylane has enchanted over a thousand business executives, who now blissfully use its magic to connect accounts with services like Stripe, Payfit, Qonto, Zoho, and Sellsy. The result? A cosmic symphony of data, effortlessly synchronized, where invoices materialize, suppliers are paid without tears, and cash flow can be glimpsed in real-time without risking one’s sanity or the inevitable existential dread that usually accompanies such ventures.
2021. Docyt raises $1.5M for its ML-based accounting automation platform
Docyt, a startup that wants to make the life of small and medium business owners (and their accounting firms) a bit easier by using machine learning to handle a lot of the routine tasks around collecting financial data, digitizing receipts, categorization and — maybe most importantly — reconciliation, has raised a $1.5M. At first glance, it may seem like Docyt competes with the likes of QuickBooks, which is pretty much the de facto standard for small business accounting. But, actually the service is a partner to the likes of QuickBooks. When SMBs start growing out of their accounting systems like QuickBooks, Docyt is extending the life of QuickBooks for such business owners by automating most of Quickbooks tasks.
2021. Ageras nabs $73M for its accountancy marketplace and bookkeeping software
Denmark-based startup Ageras, which has developed a dual-purpose platform offering both accounting software and a marketplace for small and medium businesses to find accountants, has completed a $73 million funding round. Ageras currently operates under a fairly standard labor marketplace model: SMEs seeking accounting services submit their needs in three areas — accounting, bookkeeping, or auditing — and in return, they receive three leads to reach out to. In addition to this and to further diversify its business model, the company has expanded into creating accounting software.
2021. Accounting automation startup Indy raises $42.4M
French startup Georges, developing an accounting automation tool for freelancers and small businesses, is securing a new funding round of $42.4M. The service is also undergoing a rebranding to Indy. Indy initially launched with a solution tailored for freelancers, independent professionals, doctors, architects, lawyers and similar roles. It can assist in replacing your accountant entirely. You start by linking the service to your bank account. Indy then imports all your transactions and attempts to label and categorize as many transactions as possible.
