Businesses of all sizes depend on accounting firms to help them manage their financial needs. To provide clients with a comprehensive menu of services, many depend on software solutions to increase efficiency, optimize productivity, and help them grow their business.
But how do accounting firms decide what kind of software they need?
No matter what services they offer, they need access to the precision and reliability that only accounting software can offer. The software solution they choose depends largely on their customer’s needs, the industry verticals they serve, and the specialties they focus on.
Most accounting firms use solutions like ZarMoney, Xero, Sage, or QuickBooks. They all have their merits, but certain features might hold more value, depending on the firm’s primary focus.
Let’s compare some of the top options and see what’s under the hood:
According to the majority of users, ZarMoney does it all for a much better price than its competitors. Small businesses and accounting firms pay $7 per user, per month for a full-featured iteration of the platform. Pricing for the enterprise version, suitable for 30 or more users, starts at $350 per month. ZarMoney is a premium accounting solution with built-in inventory management capabilities, which would typically be an add-on for most tools available in the market.
See more of user reviews on Capterra.com.
QuickBooks is tailored to the needs of small to medium-sized businesses, and ideal for finance departments with less than 50 users. Plans start at $5 per month, per user, and features cover most basic accounting needs, including expense tracking and support for multiple locations. Payment processor integrations include PayPal, Square, and Shopify.
Xero supports SMBs with up to 1,000 users. Pricing starts at $9 per month, but capacity is limited at that level. Their “Established” plan is $60 per month and allows unlimited access to all features.
Sage is a popular choice for SMBs and larger accounting firms. At $25 per month for the cloud-based option, it provides a comprehensive suite of functions designed for today’s business. Compared to other solutions, Sage is a bit more complicated to set up.
Today’s accounting firms must have the flexibility, agility, and scalability to answer the needs of global businesses. As regulatory frameworks, reporting, and data-driven decision making become more crucial to their clients’ success, these firms must be able to provide those insights while managing changing business needs.
The solution must be easy to use, offer a robust set of features, and provide useful third-party integrations with popular productivity, CRM, and other applications. Ideally, it will be customizable to your needs, allowing you to configure and filter detailed reports that inform business decisions.
Lastly, the accounting solution you choose should be cost-effective, and not just from a baseline price standpoint. The true value of accounting software is the time it saves, its ability to automate processes and reduce errors while optimizing team productivity.
In conclusion, after comparing some of the more popular players in the business accounting space, ZarMoney is the answer to every firm’s software needs.
That you don't trust us? Check out this back-to-back in-depth comparison of two major players, ZarMoney and QuickBooks Intuit here.
Did we change your mind yet? How about that we don't require credit card details until you really sign up or that our monthly trial is completely free?
Sign up for a FREE trial today or reach out to us directly to learn more about how ZarMoney can help your business grow today.