While Acumatica Accounting is a notable accounting software that caters to many business needs, it might not fulfill every specific requirement various businesses have. Hence, the search for alternatives becomes necessary for those seeking features that align more closely with their unique financial management needs.
Whether you're a small business owner or managing larger financial tasks, these alternatives offer features like expense tracking, financial reporting, and multi-currency support. Our guide outlines the top 7 Acumatica Accounting alternatives, including cloud-based accounting software and business accounting hubs.
List of the 7 best Acumatica Accounting alternatives
- ZarMoney
- FreshBooks
- Xero
- Wave
- Sage 50
- Zoho Books
- NetSuite
1. ZarMoney
ZarMoney stands out as a comprehensive alternative to Acumatica Accounting, offering a variety of accounting software options designed for various business needs. It provides cloud-based accounting software solutions that cater specifically to small businesses, freelancers, and entrepreneurs.
This cloud-based software has extensive features designed for small and growing businesses. Its emphasis on guaranteeing growth through advanced financial reporting and smooth online payments ensures businesses have the tools for efficient operations.
List of Features
- Comprehensive Accounting And Bookkeeping
- Accounts Receivable Management
- Professional Invoices And Billing
- Inventory Management Solutions
- Payment processing Options 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. Automated Expense Tracking
ZarMoney provides powerful tools for tracking and categorizing expenses, aiding in the creation of a clearer financial picture for better budgeting and financial planning.
2. Financial Reporting and Insights
ZarMoney excels in offering detailed financial reporting and insights. These reports allow businesses to understand their financial health better, make informed decisions, and plan for the future.
3. Customizable Professional Invoices
ZarMoney allows you to create customized invoices that align with your brand identity. This feature supports unlimited invoice generation, ensuring businesses meet all their invoicing needs.
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
Rating
The average score for ZarMoney on some of the best software directories, like G2, is 4.8.
Final Verdict
ZarMoney is a comprehensive accounting software for businesses seeking alternatives to Acumatica Accounting. It offers various features catering to primary and complex accounting needs. It is specifically designed for small to midsize businesses. Its cloud-based platform and extensive financial management features make 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 Acumatica Accounting. It caters specifically to small and medium businesses, making it a great accounting hub for growing companies.
With its user-friendly interfaces and comprehensive features, FreshBooks facilitates the efficient management of business finances. It is a strong contender in the comprehensive accounting software market and an excellent alternative to Acumatica Accounting.
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
Rating
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, FreshBooks is a compelling alternative to Acumatica Accounting.
3. Xero
Xero is a prime choice for cloud-based accounting software, offering a compelling alternative to Acumatica Accounting.
This software caters to larger businesses due to its strong emphasis on collaboration and integration capabilities, efficient online invoice management, and a comprehensive suite of financial management tools. Xero’s user-friendly platform supports organized invoice processing and payment management solutions, making it one of the best alternatives to Acumatica Accounting.
List of Features
- Automated payment reminders and online payment options
- Customizable invoice templates
- Real-time financial reporting
- Multi-currency support
- Mobile app for invoicing
- Integration with a wide range of third-party apps
Top 3 Features
These are the 3 best features Xero specializes in
1. Automated Payment Reminders
Xero helps businesses ensure timely payments by automating the sending of payment reminders. This not only aids in maintaining healthy cash flows but also reduces the administrative burden of manually tracking payment due dates.
2. Customizable Invoice Templates
With Xero, creating professional invoices that align with your brand identity is straightforward. You can customize templates to include your logo, adjust the color scheme, and choose the information to display, which helps create a positive impression on your clients.
3. Real-Time Financial Reporting
Access to up-to-date financial data is crucial for making informed business decisions. Xero provides comprehensive financial reporting capabilities, offering insights into your business's financial health at any moment, which is invaluable for planning and strategy.
Pros
- User-friendly interface for ease of use.
- Extensive customization options for invoices.
- Great reporting features for comprehensive financial analysis.
- A broad integration ecosystem improves its functionality.
Cons
- The pricing might be higher than some alternatives.
- It may offer more features than a small business needs, leading to underutilization.
Pricing
Xero has a tiered pricing structure to fulfill specific business needs.
- Early Plan: $3.75/month, ideal for freelancers, sole traders, and new businesses with simple accounting needs.
- Growing Plan: $10.50/month, suitable for businesses requiring unlimited invoices and bills.
- Established Plan: $19.50/month, designed for established businesses needing multi-currency, project tracking, and expense management features.
Customer Support
- A comprehensive help center
- Online support cases
- A community forum
Supported Platforms
- Stripe
- PayPal
- Shopify
- Square
- HubSpot
- Gusto
Testimonials
Rating
According to top software directories like G2, Xero’s average rating is 4.3.
Final Verdict
Xero has emerged as an excellent tool for online accounting and financial management. It offers a wide array of features that support the core business activities of invoicing, accounts payable, and cash flow management, making it an all-in-one accounting hub. Its strong emphasis on customizable invoices, automated payment reminders shows it to be a formidable alternative to Acumatica Accounting.
4. Wave
Wave provides a compelling online accounting solution, showcasing its strength as an efficient alternative to Acumatica Accounting. This cloud-based accounting software offers user-friendly accounting solutions that cater to a wide range of 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
Wave provides clients with an automated reminder system for their due or overdue invoices to ensure timely payments. 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 position makes it a competitive alternative to Acumatica Accounting. 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. 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 Acumatica Accounting. 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
-
Strong security features
-
In-depth financial analytics
-
Multi-user options available
Cons
-
Expensive compared to other solutions
-
Limited mobile features
Pricing
Sage 50 offers many pricing plans
- Pro Accounting at $595 per year for 1 user
- Premium Accounting starts at $970 per year for 1 to 5 users
- Quantum Accounting starts at $1,610 per year for 1 to 40 users
Customer Support
- Chat Support
- Phone Support
- Online Help Center
- Email Support
Supported Platforms
- Stripe
- Microsoft Excel
- Pipedrive
- Zoho CRM
- Google Sheets
Testimonials
Rating
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 Acumatica Accounting alternative.
6. Zoho Books
Zoho Books stands out as top-notch cloud-based accounting software, offering a wide range of features that cater to businesses’ diverse needs.
Its superiority over Acumatica Accounting stems from its unique features, user-friendly interface, and flexibility in managing financials, revenue management, and customer relationships. Zoho Books ensures businesses maintain accurate records and make informed decisions, marking it as an optimal financial solution.
List of Features
- Double-Entry Accounting
- Invoicing Software
- Expense Tracking
- Inventory Management
- Online Payments
- Financial Reports
- Accounts Payable
- Bank Reconciliation
- Document Management
- Project Tracking
Top 3 Features
These are the 3 best features Zoho Books specializes in
1. Double-Entry Accounting
This fundamental feature ensures that all financial transactions are accurately recorded, clearly showing a company's financial health. It supports the generation of crucial financial statements such as the income statement and balance sheet.
2. Online Payments
Zoho Books simplifies the payment process by integrating with various payment gateways. This allows businesses to receive payments faster, improving cash flow and customer satisfaction.
3. Financial Reports
With Zoho Books, businesses can generate various financial reports, including profit and loss statements, balance sheets, and cash flow statements. These reports are essential for making informed decisions and understanding the economic health of the business.
Pros
- Financial management capabilities.
- User-friendly interface with unlimited users in higher-tier plans.
- Strong customer support options.
Cons
- They have limited an accounting hub for the most basic plan.
- It can become expensive as additional users or advanced features are added.
Pricing
Zoho Books offers four pricing plans to suit each business
- Free Plan: $0 For businesses with revenue <50K USD per annum
- Standard Plan: $10 Per Organization/Month
- Professional Plan: $ 24Per Organization/Month
- Premium Plan: $36 Per Organization/Month
- Elite: $129 Per Organization/Month
- Ultimate: $249 Per Organization/Month
Customer Support
- 24/5 email and phone support.
- Online help center and FAQs.
- Community forums for user discussions.
- They have dedicated account managers for larger accounts.
Supported Platforms
- Zoho CRM
- Zoho Inventory
- Stripe
- PayPal
- Slack
- G Suite
Testimonials
Rating
According to top software directories like G2, Zoho Books’ average rating is 4.5.
Final Verdict
Zoho Books offers a flexible financial solution for small to midsize businesses looking for an alternative to Acumatica Accounting. It provides an all-around financial management platform. Its ability to manage inventory, track expenses, and generate detailed financial reports is valuable for maintaining a business’s economic health.
7. NetSuite
NetSuite provides a comprehensive, cloud-based software solution that integrates all facets of business accounting and financial management. As an alternative to Acumatica Accounting, 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 an accounting hub, 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 comprehensive 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
Rating
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 powerful, 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 Acumatica Accounting, especially for businesses requiring advanced features, scalability, and global capabilities.
Table Comparison
|
Features |
Zarmoney |
FreshBooks |
Xero |
Wave |
Sage 50 |
Zoho Books |
NetSuite |
|
Cloud-Based |
✅ |
✅ |
✅ |
✅ |
✅ |
✅ |
✅ |
|
Invoicing |
✅ |
✅ |
✅ |
❌ |
✅ |
✅ |
❌ |
|
Expense Tracking |
✅ |
✅ |
❌ |
✅ |
✅ |
✅ |
✅ |
|
Bank Reconciliation |
✅ |
✅ |
❌ |
✅ |
✅ |
✅ |
❌ |
|
Multi-Currency |
✅ |
✅ |
❌ |
✅ |
❌ |
✅ |
✅ |
|
Project Management |
✅ |
✅ |
✅ |
✅ |
❌ |
❌ |
❌ |
|
Inventory Management |
✅ |
❌ |
✅ |
✅ |
❌ |
✅ |
✅ |
|
Reporting |
✅ |
✅ |
✅ |
✅ |
✅ |
✅ |
❌ |
Best of the Best Acumatica Accounting Alternatives
1. ZarMoney
ZarMoney is the leading cloud-based accounting software and the premier Acumatica Accounting alternative. Its unmatched inventory management, sophisticated online payments, and detailed bookkeeping software solutions make it the optimal choice for small to midsize businesses aiming for growth. ZarMoney’s scalable solutions evolve with your company, ensuring you always have the robust tools needed for efficient operations. Despite a potential learning curve for new users, its extensive feature set, adaptable to unlimited users, places it at the forefront for businesses seeking thorough financial management.
2. FreshBooks
FreshBooks ranks as a formidable contender in the cloud-based accounting software arena, providing a solid alternative to Acumatica Accounting. Designed with a focus on user-friendliness, FreshBooks simplifies invoicing and financial management through its intuitive platform. It supports automated payment reminders, expense tracking, and project time tracking, streamlining operations for freelancers and small businesses. However, its higher price point and some features that may surpass the requirements of smaller operations slightly limit its appeal, despite its comprehensive invoicing and financial reporting tools for freelancers.
3. Zoho Books
Zoho Books takes a solid second place as a cloud-based accounting solution and an excellent Acumatica Accounting alternative. It shines with double-entry accounting, smooth online payments, and strong financial reports. Zoho Books is designed for businesses of various sizes, offering a user-friendly interface and flexible financial management capabilities. While it provides many features and strong customer support, the limitation on features in its basic plan and potential cost increase for additional users or features keep it from the top spot.
Final Resolution
This exploration of Acumatica Accounting alternatives showcases a selection of premier comprehensive accounting software solutions, each designed to meet the diverse needs of small businesses, freelancers, and entrepreneurs. These platforms provide a rich toolkit for managing finances with precision and ease.
Among these top contenders, ZarMoney distinguishes itself as the standout choice. Its combination of affordability, extensive features, and adaptable functionality makes it the ideal choice for those seeking a Acumatica Accounting replacement. ZarMoney ensures that financial management is both accessible and effective, securing its position as the best comprehensive accounting software for a broad array of business needs.
Frequently Asked Questions (FAQs)
1. What are some key features of ZarMoney that make it a superior alternative to Acumatica Accounting?
ZarMoney stands out for its comprehensive accounting and bookkeeping, automated expense tracking, and customizable professional invoices. Its cloud-based solution caters to small businesses, freelancers, and entrepreneurs, emphasizing growth through advanced financial reporting and smooth online payments.
2. Can ZarMoney integrate with other business tools and platforms?
Yes, ZarMoney integrates seamlessly with various third-party applications like Stripe, Zapier, Mailchimp, Authorize.net, and Gusto. This flexibility ensures businesses can extend their functionality and streamline operations by connecting their accounting software with other tools they use.
3. What are the pricing options for ZarMoney, and how do they compare with Acumatica?
ZarMoney offers pricing plans designed to suit different business needs, including an Entrepreneur Plan at $15 per month, a Small Business Plan at $20 per month, and an Enterprise Plan at $350 per month. These options provide a cost-effective solution compared to Acumatica, especially for small to midsize businesses looking for scalable accounting solutions.
4. How does FreshBooks compare as an alternative to Acumatica Accounting for small businesses?
FreshBooks offers a user-friendly, cloud-based accounting solution with features like invoicing, expense tracking, and time tracking. It’s designed for small to medium businesses, providing an intuitive platform for managing finances efficiently. FreshBooks is known for its ease of use and comprehensive feature set, making it a strong contender for businesses seeking simplicity and effectiveness.
5. Are there any free alternatives to Acumatica Accounting that are recommended for startups?
Wave is a notable free alternative to Acumatica Accounting, offering features such as customizable invoice templates, automatic payment reminders, and direct credit card payments on invoices. It’s particularly suitable for startups and small businesses looking for a cost-effective and straightforward accounting solution.
6. What makes Xero a preferred choice for businesses seeking an alternative to Acumatica Accounting?
Xero is favored for its collaboration and integration capabilities, efficient online invoice management, and a comprehensive suite of financial management tools. Its user-friendly platform and support for organized invoice processing make it an excellent choice for larger businesses that require robust accounting functionalities.
7. Can NetSuite handle global business management better than Acumatica?
Yes, NetSuite excels in global business management with real-time support for multiple currencies, languages, and global financial consolidation. It’s designed for larger companies seeking to manage operations seamlessly across borders, offering comprehensive cloud-based solutions that integrate various aspects of business management.
8. What type of customer support can I expect from ZarMoney?
ZarMoney provides extensive customer support options, including phone support, email support, and an online knowledge base. This ensures users can access help whenever they need it, contributing to a smooth and efficient user experience.
9. Which Acumatica Accounting alternative is best suited for inventory management?
ZarMoney is particularly strong in inventory management solutions, offering detailed and efficient tools for tracking and managing inventory. Its robust features cater to businesses looking to maintain accurate inventory records and streamline their operations.
10. How do the best Acumatica Accounting alternatives support financial reporting and insights?
Alternatives like ZarMoney and Xero excel in offering detailed financial reporting and insights. They provide powerful tools for tracking financial health, enabling businesses to make informed decisions, plan for the future, and understand their financial standing through comprehensive reports and analytics.
