Wave supports double-entry accounting, produces quarterly tax estimates, allows for customized, professional-looking invoices, and uses OCR technology to scan purchase receipts into the system. From the dashboard, you can click on invoices and bills to view underlying transactions. It has an excellent dashboard that provides an snapshot view of cash flow and profit and loss. Wave can integrate with more than 1,500 applications.

Wave supports multi-currency accounting, a must for companies doing business internationally. Wave offers a financial and tax outsource service starting at $149 per month. We reviewed six accounting packages - check them out below.īest for freelancers, sole proprietors, and small businessesĪcquired by HR Block in 2019, Wave Accounting provides basic functions such as Sales, Purchases, Accounting, Banking, Payroll, and Reports.įeaturing easy navigation and a user-friendly interface, the application itself is free, with additional fees for payments and payroll processing.

These considerations, as well as usability, regulatory compliance, cost, software integration with other applications such as customer relationship management and sales, and the software's ability to grow with your business, should all be in your evaluation plan. There are many things to consider.Ĭan your three-person shop make do with simple, user-friendly bookkeeping software package? Does your mid-sized business need a sophisticated system that uses process automation? Do you need payroll or inventory management features? If you already have other systems like ERP, customer relationship management or sales, will the accounting software integrate with those systems? How much of your accounting needs to be done (or accessible) through mobile access?ĭoes your accounting software vendor have online and in-person resources that/who can help answer questions as they come up? Will the accounting package support project management and expense tracking? Businesses of every size need an accounting system to track revenues and expenses, process invoices and send out bills, and track assets and liabilities.

Accounting package software