Top 5 Accounting Software

by | Sep 10, 2021 | Accounting

General accountants empower companies to make smart financial decisions. They do this by compiling and analyzing organizational finances, and sharing this information with key stakeholders. So, how do they gather the data? Here are the top 5 accounting software used today.

QuickBooks®

QuickBooks is a software that’s used for small and mid-sized businesses. It was initially released in 1983, and the software continues to offer on-premise accounting applications and cloud-based versions. The software accepts business payments, and allows general accountants to manage and pay bills, and complete payroll functions.

Features

Some important features of QuickBooks include:

  • Live bookkeeping
  • Project profitability projections
  • Advanced reporting
  • Time tracking
  • Bill management
  • Invoices

NetSuite

NetSuite offers a wide variety of enterprise resource planning (ERP), so this won’t be the only time you see NetSuite on upcoming lists. They were founded in 1998, and since then they’ve provided software and services to manage all aspects of a business, from business finances to customer relations.

Features

Here are some features of NetSuite:

  • Financial reporting
  • Built-in support for 190+ currencies and 50+ countries
  • End-to-end support for order-to-cash and procure-to-pay processes
  • Reports that meet audit requirements
  • Real-time data

Xero

Xero was founded in 2006 as a cloud-based accounting software company. The New Zealand-based company has software perfect for small to mid-sized businesses, and more than 1,000 third-party apps that connect with Xero for ease of use.

Features

Xero features include:

  • Bill payment
  • Bank reconciliation
  • Project tracking
  • Payroll payments with Gusto
  • Real-time reporting

Tally ERP

Tally ERP is a powerful software that provides personalized and easily accessible insights. This software has helped organizations for more than 30 years make informed business decisions.

Features

These are some of Tally ERP’s features:

  • Credit and cashflow management
  • Facilitates stock movement
  • Real-time reports
  • Optimum inventory management
  • Cost control and cost analysis
  • Enhanced security management

SAP ERP

SAP ERP is a proven, time-tested ERP software. The company was founded in 1972, and is the world’s third-largest publicly-traded software company by revenue. The ERP software manages business operations and customer relations.

Features

SAP ERP features:

  • Built-in machine learning
  • Digital assistants
  • Advanced analytics
  • Maintenance-free platform
  • Ease of use on any device

We have found these are the top 5 accounting software for our recent job placement of General Accountants. If you are looking for the right candidate in this field, then Applied Resource Group will find the high-performing professionals your organization needs. Apply the right resources today!