Introduction

If you’re a business owner, you know all too well the struggle of managing your finances. There’s just too much to keep track of, and too many accounts to keep straight.

That’s why we’ve put together this list of the top accounting software options available in 2022. These programs are designed to help small businesses get their books in order, and they’re all easy to use and cost-effective.

Whether you’re looking for a simple solution or a more advanced one, our list has something for everyone.

 

13 Best Accounting Software in 2022 (Features, Pricing, Pros & Cons)

1. BlackLine: BlackLine is an accounting software that is designed to help small businesses and freelancers keep track of their finances. It offers a robust set of features, including invoicing and time recording, as well as mobile apps for Android and iOS devices. It offers a free version with limited functionality, but if you want more advanced features, you can upgrade to one of its paid plans. They have a wide range of apps to suit your business needs and make sure you’re getting the most out of your accounting software investment.
2. Xero: Xero is an excellent choice if you’re looking for an all-in-one solution that includes invoicing and account management tools. It has customizable templates with fields for tax information and other important information such as receipts or estimates so that you can keep track of your expenses easily and accurately. You can also access this information via their online dashboard to see what you’ve spent money on in real time so that you can keep track of how much revenue you’re bringing in each month. When it comes to pricing, Xero offers two different options: a free basic plan with limited functionality and an unlimited version with all the bells and whistles at an affordable monthly cost ($14/month).
3. Wave Accounting: Wave Accounting is one of the best accounting software in 2022. It is a cloud-based accounting software that is completely free and can be used on any device, including your phone. The best feature of Wave Accounting is its ability to sync with your bank account so that you can keep track of all your expenses and income from anywhere. It also has a robust reporting system that allows you to print a variety of reports for clients or yourself. It integrates with Google Drive and Gmail to help you keep track of everything from invoices to receipts and offers real-time tax calculations based on federal tax law changes.
4. FreshBooks: FreshBooks is another great accounting software for small businesses in 2022. It has many features that make it easy for anyone who uses it to get their finances organized. You can set up recurring payments and invoices easily, which will save time when paying bills later on down the road. In addition, FreshBooks has an excellent customer support team who can help you with any issues you may encounter while using the program. You can also use it as a personal finance manager if you don’t have any other accounts set up yet.
5. QuickBooks Online: QuickBooks Online is an online accounting software that works with QuickBooks Pro or Enterprise editions. It includes all the features found in QuickBooks Pro such as inventory tracking, sales tax calculation, and more. In addition, it is a great option if you’re just starting out with accounting practices.
6. AccountingSuite: AccountingSuite is a cloud-based accounting software that allows users to track their business and financial information from anywhere. With it, you can easily organize your finances and manage your accounts from one place. You can also customize the system according to your needs and preferences so that it fits perfectly with your company’s operations. It’s ideal for small to mid-size businesses and entrepreneurs.
7. TaxDome: TaxDome is another great accounting software that helps businesses and individuals file their taxes easily. It integrates with any other tax preparation software such as TurboTax and H&R Block to make filing taxes easier than ever before. TaxDome helps you manage your taxes in one place with its simple yet powerful interface. It provides an easy way to track and organize income, expenses, and deductions. It also has a powerful tax calculator with support for multiple tax types like federal, state, and local taxes as well as self-employed income tax rates. TaxDome offers automatically calculates your taxes and refunds the difference if there’s a refund due on your return. 
8. Brokermint: With Brokermint, you can easily create multiple user profiles based on their roles such as accountant, bookkeeper, or manager. You can set up custom fields for each user profile so that they have an easier time entering data into their accounts. You also have access to real-time alerts so that any changes made by one user are immediately reflected across all other users’ accounts.
9. Odoo: The best feature of Odoo is its ability to handle projects and tasks while still being able to track budgets and forecasts throughout the entire project lifecycle from inception through completion. Odoo is a cloud-based accounting solution with features like invoicing and payroll management. It has an easy-to-use interface and features like time management and project management tools. They offer free training and a free trial for all users, which is great for beginners.
10. GnuCash: GnuCash is another cloud-based accounting solution that offers simple yet powerful features like invoicing, inventory management, and more. It also has an intuitive interface that makes it easy for anyone to use even if they have no experience with accounting software before they start using it.
11. AccountEdge Pro: AccountEdge Pro is a mobile app that allows you to manage your business finances from anywhere in the world on any device with an internet connection (no matter where you are at). This is great because it means you can work from wherever you are without having to go through the hassle of setting up any software on your computer first. The program is packed with features, including barcode scanning and mobile app access, which make it a great choice for small businesses. It also has a clean design and is compatible with all the major operating systems—so you can be sure your data will always be secure.
12. Kashoo: Kashoo is an accounting software that focuses on simplicity. It’s designed to help you get your business running smoothly so that you can focus on what matters most: growing your business and making money. The program comes with everything you need to start keeping track of your finances, including inventory management, invoicing and payment processing, employee time tracking/management, financial statements (profit & loss statements), expense reports & receipts tracking… plus more.
13. OneUp: OneUp is an accounting software used by many small businesses because of its user-friendly interface and numerous features such as integrated inventory management tools, automatic invoice generation from sales orders or BOMs (bill of materials), real-time cash flow tracking & forecasting.

 

What is Accounting Software?

Accounting software is an application that helps you manage your business. It can help you create and maintain financial reports, deal with customer billing and payments, and automate tasks that used to take a lot of time. 

It also allows you to keep track of inventory, manage employees, and track expenses. Accounting software can be used by anyone who needs to manage their business finances, no matter what industry they’re in. 

Whether you’re running a large corporation or just starting out on your own, it’s important to stay on top of the numbers. Getting a handle on your company’s finances will help you make better decisions about where to invest and how much money you need to spend each year.

There are a variety of accounting software options available today. 

The most popular types include cloud-based and on-premise software. Cloud-based accounting software is available through multiple vendors it’s accessed remotely via the internet or through a browser on a mobile device such as an iPhone or Android phone or tablet. 

On-premise accounting software is installed on your own server where it runs in the background without internet access (except for updates). You can download an application for your computer or use one of these free web-based applications: QuickBooks Online Invoicing; Small Business Accounting; QuickBooks Self Employed; Mvelopes Pro Plus; Xero Accounting Software.

 

Why Use Accounting Software?

There are many reasons why you might want to use an accounting software program. Some people use it for their small businesses because it makes their work easier and more efficient. 

Others use it for the same reason but with larger businesses. Still, others use it just because they think it will help them save time or money.

Accounting software can help you manage your business finance easily. It helps you in calculating the profit and loss, accounts receivables, and payables very easily. 

It also helps you in tracking your employees’ performance, keeping a check on employees’ salaries, and other things related to payroll management.

 

Benefits of Using Accounting Software

The benefits of using an accounting software program include:

1. Improving financial literacy by helping you understand how money works in your life
2. Eliminating errors caused by human error (typos, missing numbers) which can cause major headaches down the road
3. Having a single platform where all your accounts are stored together so that things aren’t mixed up when trying to find things later on down the line (like bills due today)
4. You can easily manage all your employees’ salary payments through the system which will save time as well as money.

 

What to Look out For When Choosing Account Management Software

Account management software is a great way to manage your business’s finances, and it can help you make sure everything is going smoothly. You may already be using an accounting system that works for you, but there are some things to look out for when choosing the best one for your business.

You should first consider what features you need from your account management software. Many systems have a range of features that can help you manage all aspects of your business effectively and efficiently. If you want to track sales and expenses, or keep track of employee time and pay rates, look for software with these capabilities. Other useful features include expense reporting, payroll tracking, time tracking, and billing support.

Second, security should be a top priority when selecting accounting software. If your organization is prone to data breaches, you might want to look for an option that encrypts sensitive information before it’s transmitted over the web.

Another thing to consider is how much it will cost you to use the software in question. You don’t want to end up spending more on account management software than necessary because it doesn’t meet all of your needs so do some research before making any decisions.

Finally, think about how easy it will be for employees at different levels in the company hierarchy to access their data through the system being considered. Certain types of accounts management systems may work better than others depending on who has access

 

What Are The Different Types of Accounting Software?

There are many different types of accounting software that you can choose from. Here are some of the most popular ones:

• Billing/Invoicing Software: This is the most basic type of accounting software. It allows you to create invoices and bills for clients, customers, and suppliers. It has easy-to-use tools such as estimates, quotes,  and quotes comparison. You can also use this type of software if you do not want any advanced features like payroll management or ERP systems.
• Payroll Management System: This type of software allows you to manage all aspects of payroll processing including hiring new employees, tracking employee hours, and paying wages through electronic checks. You can also set up different pay dates for each employee so that your payroll expenses are easily tracked down.
• ERP Systems: This is an all-in-one system that includes everything from accounts receivable management to inventory management and even an order fulfillment system. It helps businesses save time by automating tasks like customer orders processing and order fulfillment which saves time on everyday operations such as invoicing or receiving payments from clients

 

How Formplus Can Help Accountants Managers

Account managers and accountants have been struggling with the task of creating forms on paper and sending them to their clients. This is because it takes a lot of time to do this and the process becomes more complicated as your business grows.

Formplus is a platform that helps you create, share and integrate your forms online. It has over 1000 different templates that can be used for various purposes such as generating bills and invoices, surveys, forms to collect data, etc. 

The best part about Formplus is that it is very easy to use and you do not need any programming skills to make use of it. In fact, if you want someone else to use Formplus then they only need to sign up on the website on their phone or laptop so they can start using the platform right away.

If you’re an accountant or manager, Formplus is a must-have tool for keeping track of time spent on projects and billing clients, as well as more complex information like client history or case details.

 

Conclusion

Account management software is a tool that allows for easy and efficient bookkeeping. It allows you to keep track of your business’s financials, which can help you make better decisions about how to grow your business.