Although AccountEdge is a forerunner in business accounting software, it has many shortcomings. This comprehensive guide outlines the top 6 AccountEdge alternatives, including cloud-based accounting software options and business accounting solutions.
Whether you're a small business owner or managing larger financial tasks, these alternatives offer a range of features like expense tracking, financial reporting, and multi-currency support. Look into the options to find the ideal choice for your business's accounting needs.
List of the 6 best AccountEdge alternatives
- ZarMoney
- FreshBooks
- NetSuite
- Wave
- QuickBooks
- Sage 50
1. ZarMoney
ZarMoney is an excellent accounting software option for those seeking AccountEdge alternatives. It offers a comprehensive accounting solution integrating invoicing, reporting, and tax management into a single platform.
This cloud-based software is designed to support the financial management needs of small to midsize businesses, providing basic and advanced accounting services to help business owners keep track of their finances effectively.
List of Features
- Comprehensive Accounting And Bookkeeping
- Accounts Receivable Management
- Customizable Invoices And Billing
- Payment Processing Including Online Payments
- Bank Connections For Automatic Transaction Imports
- Customizable Quotes And Estimates
- Purchase Order Management
- Sales Order Lifecycle Management
- Automated Sales Tax Calculations
- Detailed Financial Reporting
- Multi-User Access With Role-Based Permissions
- Bank Reconciliation Tools
Top 3 Features
These are the top 3 features ZarMoney specializes in
1. Customizable Professional Invoices
ZarMoney allows you to create customized invoices that align with your brand identity. This feature supports unlimited invoice generation, ensuring businesses can meet all their invoicing needs.
2. Online Payments
The software allows businesses to accept online payments directly through invoices, supporting credit and debit card payments via integrations with Stripe, PayPal, and more. This feature also helps improve cash flow and simplifies the accounting process through expense tracking.
3. Bank Connections
ZarMoney connects with over 9,600 financial institutions and automatically imports transactions daily. This automation saves time on manual data entry and simplifies bank reconciliations.
Pros
- Comprehensive features for end-to-end financial management
- User-friendly interfaces for ease of use
- Supports unlimited users with customizable access permissions
- Integrates with popular third-party applications for extended functionality
- Offers a free trial for businesses to evaluate the software
Cons
- May have a learning curve for beginners
- Customization options may be limited in comparison to some competitors
Pricing
ZarMoney has diverse pricing plans designed for the needs of every business.
- Entrepreneur Plan: $15 per month
- Small Business Plan: $20 per month
- Enterprise Plan: $350 per month
Customer Support
- Phone Support
- Email Support
- Online Knowledge Base
Supported Platforms
- Stripe
- Zapier
- Mailchimp
- Authorize.net
- Gusto
Testimonials
Review
The average score for ZarMoney on some of the best software directories, like G2, is 4.8.
Final Verdict
ZarMoney is a leading solution in the accounting software market. It is specifically designed to support the needs of small to midsize businesses, making it a powerful tool for businesses seeking alternatives to AccountEdge. Its cloud-based platform, combined with extensive financial management features, makes it a versatile and efficient choice for managing business finances.
2. FreshBooks
FreshBooks emerges as a superb cloud-based accounting software, offering a refreshing and intuitive alternative to AccountEdge. It caters specifically to small and medium businesses, focusing on simplifying complex accounting tasks.
With its user-friendly interfaces and comprehensive features, FreshBooks facilitates the efficient management of business finances. It is a strong business accounting software market contender and an excellent alternative to AccountEdge.
List of Features
- Expense Tracking
- Invoicing
- Time Tracking
- Project Management and Collaboration
- Financial Reporting
- Automatic Bank Reconciliation
- Multi-Currency Support
- Cloud-Based Access
Top 3 Features
These are the top 3 features FreshBooks specializes in
1. Invoicing and Online Payments
FreshBooks simplifies the creation of professional invoices and accelerates the payment process by supporting online payments through credit card payments, significantly improving business cash flow.
2. Expense Tracking
This feature automates expense tracking, saving time and ensuring accuracy. It also supports receipt scanning, simplifying tax preparation by organizing expenses efficiently.
3. Time Tracking and Project Management
Enables accurate billing by tracking time spent on projects. This feature integrates smoothly with invoicing, ensuring that all billable hours are accounted for, and facilitates project management by allowing collaboration with clients and team members.
Pros
-
User-friendly interfaces and intuitive design simplify financial management.
-
Comprehensive features support a wide range of accounting tasks.
-
Cloud-based software allows for remote access and collaboration.
-
Customizable invoices and support for online payments improve cash flow.
- Extensive integrations with other apps and software improve productivity.
Cons
- Pricing can be higher than other options, especially for businesses requiring access to more advanced features.
- Limited customization options for reports and invoices compared to some competitors.
- It may not be as suitable for large businesses with complex accounting needs.
Pricing
FreshBooks has diverse pricing plans designed for the needs of every business.
-
Lite
-
Plus
-
Premium
- Custom (Select Plan for larger businesses or those needing more customized features)
Customer Support
- Phone Support
- Email Support
- Online Knowledge Base
- Webinars and Training Resources
Supported Platforms
- Stripe
- Shopify
- Gusto
- G Suite
- Trello
- Zapier
Testimonials
Review
The average score for FreshBooks on some of the best software directories, like G2, is 4.5.
Final Verdict
FreshBooks is a powerful tool for small—to medium-sized businesses seeking efficient and straightforward financial management. With its focus on user-friendly design, comprehensive accounting functionalities, and flexibility through various pricing plans and integrations, It is a compelling alternative to AccountEdge.
3. NetSuite
NetSuite provides a comprehensive, cloud-based software solution that integrates all facets of business accounting and financial management. As an alternative to AccountEdge, NetSuite stands out for its scalability, extensive features, and real-time financial insights. This makes it an ideal choice for businesses looking to improve financial performance and streamline accounting processes on a global scale.
List of Features
- Comprehensive Accounting Features
- Real-Time Financial Reporting
- Global Business Management
- Expense Management
- Built-In Payroll Management System
- Customizable Dashboards And Reporting Tools
- Cloud-Based Access
Top 3 Features
These are the top 3 features NetSuite specializes in
1. Global Business Management
NetSuite enables businesses to operate internationally with real-time support for multiple currencies, languages, and global financial consolidation. This feature is vital for larger companies looking to manage operations seamlessly across borders.
2. Real-Time Financial Reporting
The platform provides powerful analytics and reporting tools that deliver real-time insights into business performance and financial health. This enables decision-makers to make informed choices based on current data.
3. Comprehensive Cloud-Based Solution
As a fully integrated ERP system, NetSuite offers accounting, CRM, eCommerce, and inventory management features. This all-in-one approach gives businesses the tools to manage all operations in a unified system.
Pros
- Offers a complete suite of enterprise resource planning tools beyond just accounting.
- Cloud-based access provides flexibility and scalability for growing businesses.
- Real-time insights and reporting help businesses make data-driven decisions.
- It supports multiple currencies and languages and is suitable for global businesses.
Cons
- The comprehensive nature of the software might present a steep learning curve for new users.
- Pricing can be higher than other accounting software options, making it less accessible for smaller businesses.
Pricing
NetSuite's pricing is typically custom-based, depending on a business’s needs, including the modules required, the number of users, and any additional services.
Customer Support
-
Phone
-
Email Support
-
Online Knowledge Base
-
User Communities
-
Training Resources
Supported Platforms
- Zapier
- Vertical Solutions
- Nija Tech
- TechaSoft
Testimonials
Review
The average score for NetSuite on some of the best software directories, like G2, is 4.0.
Final Verdict
NetSuite represents an excellent tool for businesses seeking a substantial, integrated solution for managing their finances and operations. Its cloud-based platform, combined with a broad spectrum of features, makes it a standout alternative to AccountEdge, especially for businesses requiring advanced features, scalability, and global capabilities.
4. Wave
Wave provides a compelling online accounting solution, showcasing its strength as an efficient alternative to AccountEdge. This cloud-based business accounting software offers user-friendly accounting solutions that cater to various business needs, from startups to established enterprises.
Its features include customizable invoices, automatic payment reminders, and extensive reporting capabilities, all at no monthly cost, making it a cost-effective choice for managing business finances.
List of Features
- Free to use for invoicing and accounting
- Customizable invoice templates
- Automatic payment reminders
- Direct credit card payments on invoices
- Multi-currency invoicing
- Smooth integration with accounting
- Receipt scanning for expense tracking
- Detailed financial reporting
Top 3 Features
These are the 3 best features Wave specializes in
1. Customizable Invoice Templates
Wave allows businesses to create professional-looking invoices that can be customized to match their branding. This includes the ability to add logos, change colors, and modify layout options, making every invoice reflect the professionalism of your business.
2. Automatic Payment Reminders
To ensure timely payments, Wave provides clients with an automated reminder system for their due or overdue invoices. This not only saves businesses time but also significantly improves cash flow management.
3. Direct Credit Card Payments
Wave facilitates the direct payment of invoices via credit cards, streamlining the payment process for businesses. This feature ensures faster payment processing and enhances the company’s and clients’ overall invoicing experience.
Pros
- Entirely free for invoicing and accounting functions
- Easy integration with accounting features for a comprehensive solution
- User-friendly interface and simple setup process
- Supports multiple currencies for international businesses
Cons
- Limited customization options compared to paid competitors
- Payment processing and payroll services are only available in select countries
- Customer support primarily through email and the help center
Pricing
Wave has a tiered pricing structure
- Starter Plan: $0
- Pro Plan: $16/month
Customer Support
- Detailed Online Help Center
- Community Forum
- Email Support
Supported Platforms
- Zapier
- PayPal
- Stripe
- Shopify
- Slack
- Google Sheets
Testimonials
Rating
According to the top software directory, G2, Wave’s average rating is 4.4.
Final Verdict
Wave provides an ideal invoicing solution for businesses looking for a cost-effective and efficient way to manage their invoicing needs. This makes it a competitive alternative to AccountEdge. The simplicity of its use, along with the integration of invoicing and accounting capabilities, makes Wave an excellent choice for startups and small businesses seeking to organize their financial processes without incurring additional software costs.
5. QuickBooks Online
QuickBooks Online is a premier accounting software option and a great alternative to AccountEdge. It caters primarily to freelancers and small businesses. Its many financial management tools, user-friendly interface, and cloud-based functionality stand out, ensuring that financial management becomes organized and efficient.
This platform is designed to handle many financial tasks, making it an indispensable tool for modern businesses seeking flexibility and efficiency.
List of Features
- Customizable invoice creation
- Automated payment reminders
- Online payment acceptance
- Expense tracking and categorization
- Financial reporting and insights
- Inventory tracking
- Time tracking for employees and projects
- Multi-user access and permissions
Top 3 Features
These are the 3 best features QuickBooks Online specializes in
1. Customizable Invoice Creation
QuickBooks Online enables the design of personalized invoices that include your logo and company details, providing a professional appearance that reinforces brand identity.
2. Automated Payment Reminders
This feature sends automatic reminders to clients for upcoming or overdue payments, significantly reducing the manual effort required to chase payments and helping to improve cash flow.
3. Online Payment Acceptance
The platform integrates with multiple payment gateways, allowing businesses to receive payments online directly through invoices, facilitating faster payment processes and improving customer convenience.
Pros
- Intuitive and user-friendly interface.
- Excellent financial management capabilities.
- A broad range of integrations with other business tools.
Cons
- It can become expensive as you add more features and users.
- The depth of features might be overwhelming for very small businesses or solo freelancers.
Pricing
QuickBooks Online offers various pricing plans for different types of businesses.
- Simple Start: $15/month - Basic features for new businesses.
- Essentials: $30/month - Adds bill management and time tracking.
- Plus: $45/month - Includes inventory tracking and project profitability tracking.
- Advanced: $100/month - For businesses needing advanced reporting and analytics.
Customer Support
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24/7 Live Chat Support
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Phone Support During Business Hours
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Online Help Center
- Community Forum For User Discussions
Supported Platforms
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PayPal
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Shopify
-
Square
-
Stripe
-
Gusto
-
TSheets
Rating
According to the top software directories, like G2, QuickBooks Online’s average rating is 4.0.
Testimonials
Final Verdict
QuickBooks Online emerges as an exceptional invoicing software, offering a resourceful set of features that make it an ideal alternative to AccountEdge. Its blend of customization, automation, and integration capabilities positions it as an all-inclusive solution for business financial management.
6. Sage 50
Sage 50 provides both desktop and cloud-based accounting solutions. It's customized for small to medium-sized businesses needing thorough financial insights, making it the perfect alternative to AccountEdge. It is mainly known for its desktop version, letting users install the software on their local machines.
It is highly beneficial for businesses that prefer to rely on something other than the Internet or want to ensure their data remains local.
List of Features
-
Cloud-connected desktop software
-
Invoice
-
Bill-tracking
-
Purchase order and approval
-
Expense management
-
Automated bank reconciliation
-
Reporting
-
Finance management
- Job management
Top 3 Features
These are the top 3 features Sage 50 specializes in
1. Invoice Management
Easily create, send, and track professional-looking invoices, guaranteeing clarity in your sales transactions and aiding in timely collections.
2. Bill Tracking
With a comprehensive view of upcoming and overdue bills, you can better manage your expenses and maintain good relationships with vendors by ensuring payments are made promptly.
3. Finance Management
Automate your financial management by quickly reconciling bank statements with your accounting records. This will reduce errors and ensure your accounts are always up-to-date.
Pros
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Strong security features
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In-depth financial analytics
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Multi-user options available
Cons
-
Expensive compared to other solutions
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Limited mobile features
Pricing
Sage 50 offers many pricing plans
-
Pro Accounting at $595 per year for 1 user
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Premium Accounting starts at $970 per year for 1 to 5 users
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Quantum Accounting starts at $1,610 per year for 1 to 40 users
Customer Support
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Chat Support
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Phone Support
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Online Help Center
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Email Support
Supported Platforms
-
Stripe
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Microsoft Excel
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Pipedrive
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Zoho CRM
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Google Sheets
Testimonials
Review
The average score for Sage 50 on some of the best software directories, like G2, is 3.8.
Final Verdict
Sage 50 caters to small to medium-sized businesses that require a more comprehensive accounting tool. With inventory management and advanced budgeting features, it fits businesses aiming to blend traditional and modern accounting tools, making a great AccountEdge alternative.
Table Comparison
|
Feature / Software |
Zarmoney |
FreshBooks |
NetSuite |
Wave |
QuickBooks |
Sage 50 |
|
Cloud-Based |
✅ |
✅ |
✅ |
✅ |
✅ |
✅ |
|
Invoicing |
✅ |
✅ |
✅ |
❌ |
✅ |
✅ |
|
Expense Tracking |
✅ |
✅ |
✅ |
✅ |
✅ |
❌ |
|
Bank Reconciliation |
✅ |
✅ |
✅ |
✅ |
✅ |
❌ |
|
Multi-Currency |
✅ |
✅ |
✅ |
✅ |
❌ |
✅ |
|
Project Management |
✅ |
✅ |
❌ |
✅ |
❌ |
❌ |
|
Inventory Management |
✅ |
❌ |
❌ |
✅ |
❌ |
✅ |
|
Reporting |
✅ |
✅ |
✅ |
✅ |
✅ |
✅ |
Best of the Best AccountEdge Alternatives
1. ZarMoney
ZarMoney, an excellent AccountEdge alternative for small businesses, is rapidly gaining traction as a competitor to traditional accounting software options. Its user-friendly interface and customizable features make it a popular choice.
It provides the ability to set specific roles and permissions for team members. One of ZarMoney's strengths is its flexible pricing.
Depending on the extent and requirements of the business, there's likely a plan that fits the budget.
2. Wave
Wave is another ideal AccountEdge alternative for small businesses, sole proprietors, and freelancers due to its cost-free model, making it suitable for startups.
Wave offers essential accounting features suitable for basic financial management without overwhelming users. While it's perfect for initial business phases, Wave may lack advanced functionalities for expanding businesses. Its main advantages are its simplicity and accessibility.
However, growing enterprises might need to explore more comprehensive solutions as they evolve.
3. FreshBooks
Freelancers and consultants especially favor FreshBooks due to its invoicing prowess. Users can log hours directly within projects and quickly convert them into invoices. Forward expenses now from your inbox to FreshBooks.
Collaborate with team members, share files, and update everyone on project progress. FreshBooks' pricing is based on the number of customers a business contracts with, offering flexibility for smaller operations.
Conclusion
Selecting the right financial management tool is more important than ever. While AccountEdge has been a frontrunner, various alternatives that are customized to each business's demands have emerged.
Leading the pack is ZarMoney, a versatile and user-friendly platform designed to simplify complex processes while guaranteeing precision and scalability. Its business accounting software and financial management approach make it a standout choice for businesses seeking more than just basic functionalities.
Frequently Asked Questions (FAQs)
1. What key features should I look for in AccountEdge alternatives?
Look for cloud-based accounting software with features like financial reporting, expense tracking, multi-currency support, and user-friendly interfaces.
2. How do I determine if business accounting software suits my company's needs?
Consider factors like your business size, financial management requirements, and the availability of advanced features such as payroll management and inventory tracking.
3. Can you suggest a cloud-based accounting software ideal for larger businesses?
QuickBooks Online offers advanced features and scalability for larger businesses, including unlimited users and robust financial management tools.
4. What are the advantages of using cloud-based accounting software over traditional options?
Cloud-based software offers benefits like remote access, integration capabilities, and real-time insights into your business's financial performance.
5. How does ZarMoney compare to other AccountEdge alternatives?
ZarMoney stands out for its comprehensive features, user-friendly interface, and customizable options, making it a top choice for businesses of all sizes.
6. Are there any accounting software options specifically designed for self-employed professionals?
ZarMoney and QuickBooks cater specifically to the needs of freelancers and sole proprietors, offering features like mileage tracking, invoicing, and expense management.
7. What pricing plans should I consider when evaluating accounting software?
Look for affordable pricing models with options for customization based on your business's needs and budget, such as monthly or yearly plans.
8. How important is integration capabilities with other business applications?
Integration capabilities allow for seamless data transfer between accounting software and other tools, such as CRM systems, enhancing efficiency and productivity.
9. What are some standout features when choosing an accounting software solution?
Look for features like receipt scanning, customizable invoices, and automated payment reminders to organize financial tasks and improve organization.
10. Is there a recommended accounting software suitable for service-based startups?
TrulySmall Accounting offers comprehensive accounting software tools, including project tracking and expense management, designed for service-based startups.
