7 Best Accounting Software for Midsize Businesses in 2025

It’s ideal for companies managing supply chains, large inventories, or multi-location operations that require customized accounting and ERP features beyond standard bookkeeping. Starting at $199 per year, it’s pricier than some alternatives, but for investors looking for an all-in-one wealth tracker that covers every asset imaginable, Kubera is hard to beat. Investopedia collected data on a wide range of features from the top portfolio management software companies and found that Quicken Premier offers the largest number, by a significant margin. Choosing the right accounting software is one of the most important decisions a startup founder can make.

Advanced Features

If you want to be able to project financial numbers best small business accounting software 2020 to more effectively set goals and budget, then you might want to consider upgrading. One feature that this free accounting software seems to be lacking is reports—the SlickPie website doesn’t highlight any built-in reporting capabilities. If you’re hoping to extract valuable, high-level insights from your accounting software, then you might want to consider options other than SlickPie. For a limited time, you can get the Core plan for a discounted price of a monthly $19 base cost for the first six months. Gusto also has a new option for contractor-only employers, who simply pay the $6 per employee rate and no base price.

• Sage is a lightweight, cloud-based accounting software designed for entrepreneurs, freelancers, and small businesses.
• We looked into user reviews, functionality, ability to scale long-term and ease of use, among other factors.
• Pricing is another concern, as FreshBooks includes only one seat in its base plan.
• Through this free accounting software for small businesses, you’ll be able to access and generate 20 crucial financial reports and analyze revenues by customer, team member, or item.

Excellent Accounting Software for Managing Multiple Financial Areas of a Business.

Some only have self-served customer support, meaning you’re stuck if you can’t get an answer from their chatbot or resources page. Access to live chats with actual humans will eliminate downtime and help you avoid problems later on. Connections with other apps turn good accounting software into great accounting software. Whether you need to sync your software up with Google Sheets or your e-commerce Insurance Accounting platform, there’s an app integration for virtually everyone. Sunrise free accounting software is best for businesses that want to generate detailed profit and loss statements.

• Many free accounting software options limit the number of records you can keep and transactions you can complete.
• Seamless integrations with payroll, CRM, and expense management tools prevent inefficiencies that slow down financial operations.
• However, it falls behind Zoho Books and QuickBooks Online because of its underwhelming mobile app and lack of live customer support.
• The ability to create recurring invoices and track time worked is why I think it’s the best accounting software for freelancers.
• Akaunting is one of the more popular free accounting software options, due to its availability in 45 languages.
• It’s designed with solopreneurs and micro businesses in mind, but for anything beyond that, you might want to consider one of its paid plans.

Inventory and Order Tracking

I also recommend Zoho Books for its excellent customer support and the exceptional functionality of its mobile app, which makes managing your finances on the go much easier. When choosing free accounting software, it’s important to consider your needs. Consider what’s important to you and your business, then find software that offers those features. If your small business has less than five employees, you can use the free version of NCH for your accounting software. The free version lacks some of the bigger features suitable for larger enterprises, but still has much to offer.

Wave is a free cloud-based accounting software with invoicing, accounting, and US-based banking functionality. Customizable invoice templates with automated reminders ensure your balance sheet payments are always on time. Wave even offers a free app for iOS and Android to send invoices on the go. With Wave’s accounting features, you get unlimited expense and income tracking, unlimited bank and credit card connections, and you can add unlimited users. Manager is another free accounting option, and it offers software both for desktop and cloud access. It supports cash and accrual accounting and lets you manage purchase orders, track accounts receivable and payable, send invoices, and run an array of reports.