19 Best Accounting Software for Teams Reviewed In 2024

Zoho Books is a cloud-based accounting software designed for small to medium-sized businesses. It handles key business functions like invoicing, inventory management, and project management.

Why I picked Zoho Books: Zoho Books seamlessly connects financial data with customer relationship management through its integration with Zoho CRM and other Zoho apps. This unified approach allows businesses to manage sales, customer interactions, invoicing, and financial tracking all in one place, improving efficiency, collaboration, and visibility across operations.

Standout features & integrations:

Features include customizable invoices, bank account integration, and comprehensive reporting tools. You can manage your inventory and projects directly within the platform. The mobile app ensures you can handle accounting tasks wherever you are.

Integrations include Zoho CRM, Zoho Inventory, Zoho Expense, Zoho Projects, Zoho Subscriptions, Zoho People, Zoho Analytics, Zoho Checkout, Zoho Sign, and Zoho Flow.

FreshBooks is an accounting and invoicing software designed for small businesses, freelancers, and solopreneurs. It offers features such as professional invoicing, automated billing and payments, expense tracking, and real-time accounting tools.

Why I picked FreshBooks: FreshBooks stands out for its intuitive interface, making invoicing and expense tracking simple for users without extensive accounting knowledge. It offers easy-to-use features like customizable invoices, automated expense tracking, and time-saving tools such as automated reminders and recurring billing, making financial management straightforward and efficient.

Standout features & integrations:

Features include professional invoicing, automated billing and payments, expense tracking, and real-time accounting. You can manage your expenses by scanning receipts on the go and generating detailed financial reports. FreshBooks also supports collaboration, making it easier for teams to work together.

Integrations include Gusto, Stripe, Shopify, G Suite, Slack, HubSpot, Trello, Mailchimp, Zapier, and Zoom.

Wave is a financial management software designed for small business owners. It offers tools for accounting, invoicing, payments, and payroll management.

Why I picked Wave: Wave offers completely free accounting, invoicing, and receipt-tracking tools, without limitations on features like many other platforms. Its user-friendly interface and seamless bank integration make it easy to manage financial transactions and reports, providing essential financial tools without any subscription fees. Along with these features, Wave comes with seamless multi-user collaboration, allowing team members to manage finances, send invoices, and track expenses together in real-time.

Standout features & integrations:

Features include real double-entry accounting, customizable invoice templates, quick payment processing, and simplified payroll management. 

Integrations include Zapier, Google Sheets, PayPal, Etsy, Shoeboxed, BlueCamroo, Aisle Planner, and HubSpot.

NetSuite is an advanced cloud-based business management suite that includes ERP, financial management, CRM, and ecommerce solutions. It serves a diverse user base across various industries such as manufacturing, retail, healthcare, and professional services, performing key business functions like inventory and order management, global business management, human capital management, and analytics.

Why I picked NetSuite: NetSuite provides a comprehensive suite of tools for financial management, CRM, inventory, ecommerce, and more, all integrated on a single platform. This centralized approach allows businesses to streamline operations, enhance visibility, and make data-driven decisions in real time, making it particularly suitable for growing businesses that need a scalable solution. Additionally, its robust cloud infrastructure ensures secure access and flexibility for teams across locations.

Standout features & integrations:

Features include inventory and order management, global business management, human capital management, and analytics. You can easily track and fulfill orders, handle international operations, and gain insights into workforce performance. Plus, the platform's analytics features help you measure key business metrics.

Integrations include Microsoft, Google, Shopify, Salesforce, Magento, WooCommerce, HubSpot, Dropbox, Slack, and Zendesk.

AccountEdge is a desktop accounting practice software for small businesses offering features like invoicing, expense management, payroll, and inventory tracking. It serves small business owners who need reliable, on-premise accounting solutions with the option for remote access.

Why I picked AccountEdge: AccountEdge provides an advanced suite of accounting features, making it easy to manage invoicing, expenses, and payroll all in one place. Its inventory tracking capabilities help keep your stock in check, and the time billing feature ensures accurate client billing. Additionally, the software's on-premise nature, combined with optional remote access, helps provide both security and flexibility.

Standout features & integrations:

Features include invoicing, expense management, payroll, and inventory tracking. You can also manage contacts and handle time billing. The software allows for both on-premise use and remote access through AccountEdge Connect.

Integrations include Shopify, Stripe, and BigCommerce.

Sage 50 is a desktop accounting software designed for small businesses, featuring cloud connectivity for financial and inventory management. It includes tools for accounting, bookkeeping, and payroll.

Why I picked Sage 50: Sage 50 offers automated bank reconciliation, real-time insights, and detailed financial reporting. Your team can manage cash flow, track aged receivables, and monitor inventory levels. Additionally, its strong set of features, including customizable user access and security, ensures that team members can efficiently handle different aspects of accounting while maintaining control over sensitive data.

Standout features & integrations:

Features include automated bank reconciliation, real-time insights, and detailed financial reporting. Your team can also manage cash flow, track aged receivables, and monitor inventory levels.

Integrations include Microsoft 365, AutoEntry, Paya, WooCommerce, Shopify, Stripe, PayPal, Square, ADP, and Gusto.

CS Professional Suite is an integrated software solution designed for tax and accounting professionals. It offers tools for tax planning, preparation, compliance, and research.

Why I picked CS Professional Suite: CS Professional Suite provides features for managing accounting, payroll, and auditing tasks, making it easier for your team to handle complex financial workflows. It integrates with UltraTax CS for tax preparation and Checkpoint Edge for research, ensuring all your needs are met in one place. With client portals, document management, and remote access, collaborating with clients becomes straightforward and flexible.

Standout features & integrations:

Features include accounting and auditing solutions, tax and asset management tools, payroll solutions, firm and workflow management, document management, and client portals. These features help your team manage financial tasks, collaborate with clients, and access data remotely.

Integrations include UltraTax CS, Checkpoint Edge, Accounting CS, Practice CS, Fixed Assets CS, Workpapers CS, Financial Analysis CS, and NetClient CS.

Dynamics 365 Business Central is a business management solution tailored for small and medium-sized enterprises. It supports key business functions including finance, sales, service, and operations.

Why I picked Dynamics 365 Business Central: With Dynamics 365 Business Central, you can automate your accounting workflows and ensure compliance with audit trails. The integration with Microsoft 365 and Power BI provides valuable insights and enhances the efficiency of your accounting tasks. Plus, the software’s accessibility allows you to access client data anytime and anywhere, making it easier for your team to collaborate.

Standout features & integrations:

Features include automated workflows, compliance management, and audit trails. Your team can also benefit from seamless integration with Microsoft 365 and Power BI for deeper insights and more efficient accounting.

Integrations include Microsoft 365, Power BI, Outlook, Teams, Excel, Word, SharePoint, OneDrive, LinkedIn, and Azure.

QuickBooks provides a range of financial management tools designed for businesses, including QuickBooks Online, QuickBooks Self-Employed, and QuickBooks Desktop. It comes with features like automated bookkeeping, invoicing, payment processing, and financial reporting.

Why I picked QuickBooks: QuickBooks automates your bookkeeping and helps you track income and expenses effortlessly. You can manage your invoices and accept payments seamlessly, making it easier to stay on top of your cash flow. The platform also offers tax deduction tracking which is important for accurate financial reporting. Additionally, it supports multiple currencies and integrates with online sales channels to streamline your operations.

Standout features & integrations:

Features include automated bookkeeping, invoicing, payment processing, and tax deduction tracking. You can also capture receipts and track mileage, which helps in managing expenses accurately. The platform also offers tools for project profitability and inventory management, adding significant value to your business.

Integrations include TurboTax, TSheets, QuickBooks Payroll, QuickBooks Payments, Square, Shopify, PayPal, Stripe, WooCommerce, and Amazon Business.

TrulySmall is an accounting system designed specifically for small businesses to manage their financial operations efficiently. It provides features such as automated transaction posting, invoicing, and quick report generation.

Why I picked TrulySmall: TrulySmall is user-friendly and offers features like invoicing with automatic reminders and quick report generation that can be completed in under five minutes. It supports digital payments, making it easier for clients to pay invoices promptly. Multi-currency support is also available for businesses dealing with international transactions. Plus, with receipt scanning using OCR technology, managing expenses becomes straightforward and less time-consuming.

Standout features & integrations:

Features include automated posting to eliminate manual entries, invoicing with automatic reminders, quick report generation, digital payment options, and multi-currency support for international transactions.

Integrations include PayPal, Stripe, Square, QuickBooks, Xero, FreshBooks, Zoho, Wave, Sage, and MYOB.