In today’s time, businesses must streamline their work processes, especially accounting. This can be achieved by using top cloud accounting software, which can help your business in keeping tabs on your finances and boost success.
In fact, they are so essential that according to a report, firms can gain a whopping $4.14 billion if they adopt this software effectively. All in all, cloud-based accounting software cannot just positively impact your firm’s accounting management, but it can also affect the business operations thoroughly.
However, since there exists various software in the market, it can be pretty daunting for you as a firm owner to choose the best from the rest. To help you in this quest, we have done the legwork for you and mentioned some of the best cloud accounting software that you can rely upon to enhance your business efficiency.
Top 8 Cloud Accounting Software Solutions for Your Firm
Here are some of the top accounting software that you can choose for your business:
1.NetSuite ERP
NetSuite is a web-based ERP software that encompasses a cloud accounting option. With strong compliance management, this software enhances financial controls by streamlining the process of accounting. The best part about NetSuite is that it automatically removes duplicate entries of data while also automating the AR and AP of your business.
2.QuickBooks Online
Another cloud accounting software for small businesses is QuickBooks Online. A feature-packed solution, it encompasses a wide suite of tools that can aid you in carrying out your firm’s tax calculation, expense tracking, and much more. This software utilizes industry-best security standards that ensure that all your accounting information remains safe. It not only aids in automating the workflow but also can be integrated with other Intuit applications seamlessly.
3.FreshBooks
FreshBooks is one of the best cloud accounting software that is specifically designed for accountants and business owners like you. From helping through its customized invoice option to automating expense tracker, this software possesses powerful built-in features that can aid you in growing your business. FreshBooks also provides the option of adding colors, designs, and logos to financial documents, giving them a more professional look.
- Zoho Books
A popular online accounting software, Zoho Books, is ideal for both small and large enterprises. It automates workflows and allows easy collaboration throughout. Zoho Books offers real-time reports while also generating over 50 types of business reports that will keep you ahead of your competitors. You can seamlessly add other partner apps and payment gateways and perform other integrations at your will with this software.
- Xero
Amongst the accounting software options, Xero is one of the most popular ones that you can go for. With an intuitive dashboard, it encompasses a wide range of tools that can aid you in boosting your business efficiency. Xero not only allows the end-user to have various tracking options, but it even enables them to manage their contacts. With this software, you can also send online invoices and perform multi-currency accounting.
- Sage 50cloud Accounts
A cloud accounting software, Sage 50cloud Accounts is ideal for medium and small-sized businesses. It has a user-friendly interface and is comparatively more affordable than other cloud solutions. Sage has various automation features that can enhance business efficiency. It also encompasses numerous financial management tools that make it one of the best options for businesses seeking accuracy in their operations.
- Wave Accounting
A well-known cloud-based accounting system, Wave Accounting is great for all business types. Easy to use, this software is completely secure and has a wide variety of features that range from invoicing to payment tracking, finance management, and much more. It also enables you to manage your cash flow, and track income and expenses apart from providing you with a double-entry accounting option.
- MYOB
A cloud-based accounting software, MYOB, is another option for you to enhance your business efficiency. A multi-functional software, it helps in tracking and managing bills, and customizing financial reports apart from offering an inventory controls system. It can also be integrated easily with other systems, which are essential to run your business effectively.
Final Thoughts
Cloud-based accounting software is greatly helping businesses streamline their processes, and gain efficiency. With the above-mentioned software options, you can effectively manage your accounting needs and amplify success in the highly competitive business spectrum.