15 Best Engineering Accounting Software Reviewed In 2024

Clear Books is an online accounting software designed to help small businesses manage their finances. It supports essential accounting functions like budgeting, invoicing, expense tracking, and financial reporting. The platform aims to make managing business finances straightforward and accessible, offering a user-friendly interface that simplifies accounting tasks.

Why I picked Clear Books: Clear Books helps your team manage project-specific finances by tracking expenses and income for individual projects. You can easily create and send customized invoices, which is ideal for bookkeeping and multi-stage engineering projects. Plus, real-time financial reports let you monitor project health, giving you the tools for simpler project-based accounting.

Standout features & integrations:

Features include VAT management that simplifies tax compliance for your business and payroll processing tools to ensure your team handles employee payments accurately and on time. The software also provides detailed financial reporting to help you understand your business’s financial status.

Integrations include PayPal, GoCardless, HMRC, Xero, QuickBooks, Sage, FreeAgent, Dropbox, Google Drive, and Microsoft Excel.

Odoo Accounting is an open-source accounting software designed for businesses looking for customizable and scalable financial management solutions. It caters to a wide range of users, offering key functions like invoicing, expense management, and financial reporting. 

Why I picked Odoo Accounting: Odoo Accounting gives you the flexibility to tailor the software to fit your business. Its modular design lets you add features as your company grows, so it can scale with you. You can automate routine tasks, saving your team time to focus on more important work. Additionally, the simple interface makes it easy for your team to navigate and get the most out of the software.

Standout features & integrations:

Features include an intuitive invoicing system that simplifies billing for your team, and expense management tools to help you track and control spending efficiently. Plus, the financial reporting capabilities provide insights into business performance, supporting informed decision-making.

Integrations include PayPal, Stripe, Amazon, eBay, DHL, FedEx, UPS, QuickBooks, Google Drive, and Microsoft Excel.

BQE Core is an advanced business management software tailored for professional service firms. It supports users in managing time tracking, billing, and project management. 

Why I picked BQE Core: BQE Core makes it easy for you and your team to track time, manage projects, and bill clients all in one place. With automated time tracking and detailed timesheets, you won’t have to worry about missing billable hours. You’ll also get project accounting tools to keep an eye on budgets, so you always know where your money’s going. Plus, the built-in reporting features give you clear insights into how your projects are performing and how profitable they are. 

Standout features & integrations:

Features include automated time tracking that captures hours worked with minimal effort, while detailed timesheets help your team ensure accurate billing and project management. The software also offers project accounting tools for monitoring budgets and profitability.

Integrations include QuickBooks, Xero, MYOB, Google Drive, Dropbox, Microsoft Office 365, Salesforce, Zoho CRM, Slack, and HubSpot.

Procurify is a spend management software ideal for businesses looking to streamline their purchasing processes. It helps teams manage procurement, track expenses, and maintain budgets effectively. 

Why I picked Procurify: Procurify makes purchase order management easier for you. You can quickly create and approve purchase orders, and track everything in one place. It also helps your team manage spending with budget controls and custom approval workflows that fit your company’s policies. Along with these features, the software’s dashboard shows you spending trends and any outstanding orders, so you always know where things stand.

Standout features & integrations:

Features include purchase order management that simplifies order creation and approval, and budget tracking tools that help your team maintain budget compliance. You can also customize approval workflows to match your company's purchasing policies.

Integrations include QuickBooks, NetSuite, Slack, Xero, Sage Intacct, Microsoft Dynamics 365, Google Workspace, Dropbox, Amazon Business, and Stripe.

ZarMoney is a cloud-based accounting software designed for businesses of all sizes, focusing on invoicing, inventory management, and collaboration. It helps teams manage their finances with features like billing, reporting, and expense tracking. 

Why I picked ZarMoney: ZarMoney is designed for team collaboration, making it easy for your team to work together on financial tasks. You can customize user permissions, ensuring everyone only sees what they need. While real-time updates keep your team in sync with the latest financial data, the software’s inventory management tools also help you track stock levels and manage orders effortlessly.

Standout features & integrations:

Features include customizable user permissions that let you control access levels for different team members. Additionally, real-time updates keep your team in sync with the latest financial data, and inventory management tools to streamline order processing and stock tracking.

Integrations include PayPal, Stripe, Shopify, QuickBooks, Xero, Microsoft Excel, Google Drive, Amazon, eBay, and WooCommerce.

LEAD Accounting Plus is an accounting software designed to help businesses manage financial tasks such as invoicing, expense tracking, and financial reporting. It focuses on providing tools for handling project-related costs, making it easier to keep track of budgets and payments. The platform also aims to simplify financial management, giving users clear insights into their financial data.

Why I picked LEAD Accounting Plus: LEAD Accounting Plus allows your team to manage project costs more effectively by letting you track expenses specific to each project. You can create detailed financial reports that show project profitability, helping you stay on top of your budgets. The software also offers tools to monitor overheads and manage payments for multiple projects, ensuring your finances remain accurate. Plus, its easy-to-use interface and real-time data help you keep an eye on your finances with minimal effort, making it a simple solution for managing project costs.

Standout features & integrations:

Features include invoicing tools that streamline billing processes for your team, while tax management is simplified with built-in GST compliance. The software also offers financial reporting capabilities, providing insights into your business's financial health.

Integrations include Tally, Zoho Books, QuickBooks, Busy Accounting, Microsoft Excel, Google Sheets, SAP, Oracle, FreshBooks, and Xero.

Dext is an accounting software tool aimed at helping businesses automate their financial data processing, primarily focusing on receipt and invoice capture. It serves accountants and small to medium-sized businesses by streamlining expense management and financial documentation. 

Why I picked Dext: Dext makes it easy for your team to capture receipts and invoices, cutting down on tedious data entry. The software automatically pulls data from these documents, so you don’t have to enter it manually. It also organizes and categorizes everything, helping you keep accurate records. This saves time and reduces errors, freeing up your team to focus on more important financial tasks.

Standout features & integrations:

Features include automatic data extraction from receipts and invoices, which reduces the need for manual entry. The software categorizes and organizes financial documents, ensuring your records are accurate. Dext also offers tools for expense management, helping your team track and control spending effectively.

Integrations include QuickBooks, Xero, Sage, FreeAgent, MYOB, KashFlow, FreshBooks, Reckon, Zoho Books, and Microsoft Excel.

CustomBooks™ is a customizable engineering accounts payable software designed for businesses of all sizes, providing key functions such as accounting, inventory management, and project tracking. It allows users to manage online sales and integrates with numerous banking institutions.

Why I picked CustomBooks™: CustomBooks™ lets you customize templates, so you can adjust reports and workflows to fit your business. It supports cloud banking and inventory management, making it easy to track expenses and assets. You can also manage tasks and budgets with project tracking. Additionally, the interface is simple, so your team can get up to speed quickly.

Standout features & integrations:

Features include customizable templates that allow you to tailor reports and workflows, and cloud banking integration provides seamless access to over 15,000 banks, simplifying expense tracking. Lastly, inventory management tools help your team keep track of stock levels and streamline sales processes.

Integrations include QuickBooks, Xero, Microsoft Excel, Google Sheets, PayPal, Stripe, Shopify, Amazon, eBay, and WooCommerce.

Thriday is a financial management platform that simplifies accounting, invoicing, and expense tracking for small to medium-sized businesses. It automates tasks like tax calculations, bill payments, and transaction categorization, giving you a clear view of your cash flow. This helps make managing your finances easier and more efficient.

Why I picked Thriday: Thriday automates tedious financial tasks for engineering firms, saving time and reducing errors. It categorizes expenses and generates real-time financial reports, helping you track cash flow and meet tax deadlines. Along with these features, the software’s smart invoicing tools let your team send invoices quickly, while the platform tracks payments to keep you updated on receivables. 

Standout features & integrations:

Features include GST management tools that simplify tax compliance for Australian businesses, and BAS reporting functionality to help your team prepare and lodge business activity statements efficiently. The software also offers financial insights through comprehensive reporting features.

Integrations include Xero, QuickBooks, MYOB, Shopify, Stripe, PayPal, Square, Deputy, HubSpot, and Salesforce.

PENTA Project Accounting is an advanced accounting and project management software tailored for large engineering firms. It offers tools for managing projects, tracking costs, and enhancing financial reporting. 

Why I picked PENTA Project Accounting: PENTA Project Accounting helps your team tackle the complexities of managing large projects and accounting processes. You can handle multiple projects with ease using features like multi-company accounting and detailed project tracking. Additionally, the software gives you centralized control over your finances and helps you manage costs so your projects stay on budget. Lastly, real-time dashboards let you track performance and make informed decisions quickly.

Standout features & integrations:

Features include multi-company accounting that simplifies managing finances across different entities while detailed project tracking helps your team monitor costs and timelines effectively. Plus, real-time dashboards provide insights into project performance, enabling informed decision-making.

Integrations include Oracle, SAP, Microsoft Dynamics, QuickBooks, Sage, Viewpoint, Trimble, Procore, Bluebeam, and Primavera.