Best Accounting Software on Cloud

December 20, 2022

As you scale up your business, you can scale up your Zoho Books plan to better suit your needs. Each plan comes with fewer limitations, more advanced features and better support options (free users only get email support). QuickBooks Online is one of the most user-friendly accounting software on the market. It was important to recommend similar products, so we considered whether the software required a bookkeeping software integration and what form of customer support is available. Also, it has a clean and intuitive user interface, and the dashboard provides an overview of key financial information, helping businesses stay organized.

  • Our comprehensive review of Sage Accounting highlighted its suitability for freelancers and the self-employed demographic.
  • Projections indicate that it is expected to attain a value of $70.2 billion by 2030, with a high CAGR of 19.6% expected from 2021 through 2030.
  • This software utilizes encryption techniques to keep your bank information safe.

Paid plans start at $15 per month, and include features, such as auto-billing, reminders, time tracking and the ability to save invoice line items. is a user-friendly platform that lets businesses efficiently handle invoicing, allowing for the creation of professional, project-grouped invoices and streamlined payment tracking. It also integrates inventory management, enabling startups to manage stock, sales orders, and deliveries effectively. Tax management is simplified, with automatic calculations and tax-ready report generation, ensuring a hassle-free tax season.

If you’re seeking a comprehensive desktop software with cloud connectivity, Sage 50cloud is an excellent option. This QuickBooks alternative open-source software enables you to track income and expenses without any stress. Tally is an ERP accounting software that helps you record day-to-day business data from your desktop. It automates your business operations, such as finance, sales, manufacturing, inventory, and purchasing. This software utilizes encryption techniques to keep your bank information safe. It lets you add unlimited users and create and track unlimited customer invoices.

Free Alternatives to QuickBooks

Its intuitive navigation and clear instructions make financial management a breeze. Let’s dive into the world of top-class cloud-based accounting platforms and find out how they can revolutionize the financial management of your business. However, it can get a bit expensive, particularly for small businesses, so we understand the desire for some viable alternatives.

  • Its intuitive dashboard offers a quick snapshot of your financial health.
  • The standard plan is priced at a modest $15 monthly, a stark contrast to QuickBooks’ Simple Start plan at $30 monthly.
  • When she’s not trying out the latest tech or travel blogging with her family, you can find her curling up with a good novel.
  • Designed to mirror in-house accounting departments, Denali has an unlimited payroll module and supports all banking forms, giving customers flexibility in direct deposit methods.
  • It was important to recommend similar products, so we considered whether the software required a bookkeeping software integration and what form of customer support is available.

It lacks any meaningful EPOS or ecommerce integrations, which could really impede you from scaling down the road, particularly if you want to improve your online store. It does the basic really well though, and it's very easy to use, so it's certainly worth considering. They start off as more expensive than QuickBooks from the get-go, and only get worse from there. Plus, with just a single vendor for ecommerce and EPOS integrations in Square, you're quite limited as far as getting your business operations to run seamlessly. Xero is a great option that's more affordable than QuickBooks, but it lacks in some notable feature categories, namely ecommerce integrations. Still, a little savings never hurt anyone, which is why we still recommend Xero if QuickBooks isn't for you.

Is there a free version of software that’s similar to QuickBooks?

The right accounting software can make a big difference for your business, and our research shows that QuickBooks is admittedly one of the best. Still, if the price is a bit too high or if it just isn't what you're looking for, there are plenty of alternatives out there that get the job done. The best QuickBooks alternative available is FreshBooks, thanks to its great value price plans. FreshBooks still offers a competitive selection of features compared to QuickBooks, its more popular counterpart, while offering more value overall.

Zoho Invoice: Best Free Standalone Invoicing Software

That means it is fairly easy to ‘plug in’ expense accounting, billing and invoicing functionality into your standard accountancy tasks. Wave's interface for the laptop browser and phone apps (iOS and Android) is slick
and works smoothly. There's a solid payroll feature too, but it can currently be used by US and Canadian users only. Best of all though, Wave is free, and for that you also get the benefit of being able to add in multiple users.

With Synder’s attention to detail, your books are reconciliation-ready at all times. Simple interface with no extra tabs and unnecessary functionality – just what young businesses require. If you’re looking for free accounting software that has strong P&L statements, Sunrise is a good choice. In addition to being able to generate P&L statements, you can also process payments, manage income, send invoices, manage expenses and send quotes. It has one paid plan, which is $19.99 per month and includes features, such as cash flow insights, auto-categorizing expenses and payment integrations. We looked at multiple features, services and ease of use of various accounting programs to determine which ones are the best QuickBooks alternatives.

Being an integral component of Oracle’s robust enterprise resource planning (ERP) suite, NetSuite amalgamates diverse systems essential for burgeoning businesses into a singular, powerful platform. What sets Xero apart is its avoidance of complex accounting terminologies, ensuring a smooth learning experience for newcomers. The platform boasts a debt service coverage ratio suite of user-friendly features that encompass various facets of financial reporting and business management. The Plus Plan is the highest and requires you to pay $40 per month for the first three months and will allow you to add up to 5 users. It includes inventory management and allows you to project profitability using forecasting reports.


Zoho Invoice is one of Forbes Advisor’s picks for the best free invoicing software because it’s 100% free (with online payment fees notwithstanding). Plus, Zoho Invoice integrates with other Zoho products, including Zoho CRM, our top choice for the best customer relationship management (CRM) for small businesses. Then, we looked for unique features that not every provider might offer but that we considered to be nice-to-have options for accounting software.

Free accounting software FAQ

In addition, some people may want to avoid QuickBooks because they don’t want to be locked into a proprietary software ecosystem or vendor. QuickBooks is a proprietary software, which means that users are dependent on the vendor for updates, maintenance, and support. This can be a concern for businesses that want to maintain their independence and flexibility.

Simply put, we'd highly recommend looking else for your QuickBooks alternative, or you could just stick with the best. Check out our Zoho Books pricing and review guide for more information, or read our full guide to Zoho Books vs Quickbooks for our plan-by-plan comparison. Click on the links below to be taken to specific platform reviews in comparison to QuickBooks, so you can decide which of these alternatives is the perfect fit.

Plans range from $15 to $55 per month (minus an introductory discount for the first several months), and if you accept bank transfers for payment, you’re only charged a 1% ACH fee. There’s a free trial available, so you can test FreshBooks before you commit to an annual subscription for the app. It’s also a good choice for businesses with employees who need to track billable hours—it includes time tracking on all plans. Sage Business Cloud Accounting is a stripped-down set of accounting tools for small businesses that need an affordable and simple solution. You won’t find project- or time-tracking tools and there aren’t advanced analytics or automated workflows—for those features, you’ll need to find apps to integrate.

Remember, many leading accounting software options offer trial periods, allowing you to gauge their efficacy before making a commitment. The tool has easy-to-use features, such as customizable invoicing, project management, and expense tracking. Cloud accounting software is a software-as-a-service (SaaS) solution that allows users to manage and track their finances online without the need for local installations on individual computers.

If you’re on a tight budget, but still want an online accounting application that offers double-entry accounting capability, Wave Accounting may be right for you. Amy Nichol Smith spent more than 20 years working as a journalist for TV and newspapers before transitioning to software and hardware product reviews for consumers and small businesses. Times, Tom's Guide, Investopedia and various newspapers across the U.S. QuickBooks is an easy-to-learn program, which is one of the reasons why it’s such a popular choice. Aside from it being an intuitive accounting software, it also includes a vast help center full of tutorials, frequently asked questions (FAQs) and webinars to help you master the program.

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