Using Our Software Reviews to Choose the Right Solution for You!

In order to manage your finances effectively, you need a good accounting solution. There are many different options available, so it can be difficult to decide which one is right for you. But we are here to provide independent software reviews of a number of the best solutions on the market today to help you choose the best accounting solution for your needs.

We will also discuss the different types of specialty accounting software and what they offer. So if you’re looking for a new accounting solution, read on!

choosing an accounting solution

 

Great Software Solutions for any Sized CPA Firm

No matter your size there are a couple of programs that are so useful that we recommend using them, read more to learn all about these great tools!

Microsoft 365

Microsoft 365 is a licensing program from Microsoft that provides multiple options for licensing various Microsoft applications and hosted services, including Microsoft Office, Exchange Online, SharePoint Online, Lync Online, and OneDrive for Business. For business organizations, four options are particularly attractive.

  1. Microsoft 365 Business Basic ($5 per user, per month), a simple and inexpensive way of licensing Microsoft 365.
  2. Microsoft 365 Apps for business ($8.25 per user, per month), Desktop versions of Office apps with premium features
  3. Microsoft 365 Business Premium ($20.00 per user, per month), a more robust plan for businesses of all sizes that includes all apps and services, advanced security, access and data control & Cyberthreat protection.

Microsoft Power BI 

Power BI is a set of Microsoft tools used in tandem with Microsoft Office Excel to provide users with the ability to quickly summarize large volumes of data, create visualizations of the results, drill down on data to see the supporting detail, and share the data in dashboards on Power BI sites. These capabilities can be used to analyze information ranging from financial, sales, manufacturing, or human resources and more. The flexibility of Power BI allows users to create Key Performance Indicators (KPIs) that can be easily updated and filtered to spot trends over time periods, regions, budgets or goals.

Additionally, the Power BI capabilities can be extended with Power Map and Power View, two tools for creating powerful and interactive visualizations. Using Power Bi allows you to analyze data in real time, giving you the ability to explore and analyze data, design interactive reports, and share this information in dashboards.

Accounting Software Solutions for Firms Under 5 People

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Accounting Power

Since 2003, AccountantsWorld has been helping accounting and payroll professionals maximize their productivity and serve clients better. By providing customizable, cloud-based accounting software, AccountantsWorld can help you grow your bottom line while assisting your clients to do the same.

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Adagio

Modular accounting system combines a batch interface that is easy to understand and control with online processing in order entry and inventory control. Modules in the Adagio product line include General Ledger, Receivables, Payables, Invoicing, Inventory, Order Entry, Sales Analysis, Purchase Orders, and more.

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Sage 50cloud US

Since 2003, AccountantsWorld has been helping accounting and payroll professionals maximize their productivity and serve clients better. By providing customizable, cloud-based accounting software, AccountantsWorld can help you grow your bottom line while assisting your clients to do the same.

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Sage 50cloud Canada

Since 2003, AccountantsWorld has been helping accounting and payroll professionals maximize their productivity and serve clients better. By providing customizable, cloud-based accounting software, AccountantsWorld can help you grow your bottom line while assisting your clients to do the same.

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Quickbooks

QuickBooks is used by small businesses for most financially related business processes, from entering sales receipts, tracking expenses, preparing and sending invoices, sales tax tracking and payment, preparation of basic financial statements and reports, and inventory management. The program also includes MICR check printing and options for employee payroll and time tracking. 

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Gravity

If you are looking for software that can handle multi-entity organizations with consolidations or multi-location inventory at an affordable rate, Gravity Software may be your best choice. While a number of industries can be handled with this product, not for profit, property managers and many others can benefit from Gravity’s business model, capabilities and pricing.

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Freshbooks

Helps your small business clients stay on top of their books, get paid faster, and improve cash flow. For accountants, FreshBooks allows you to get the info you need to make the most of your time with your clients. Focus on providing high value advice, more than cleaning up data entry.

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Accounting Software Solutions for Firms From 6 – 20 People

Sage 100

Sage 100 offers a broad selection of feature-rich solutions, including core accounting, e-commerce, business intelligence tools, HR and payroll, customer relationship management (CRM) and financial reporting software.

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Traverse

Traverse from Open Systems, Inc. is a fully enabled .NET solution, Microsoft Compliant. Traverse is truly a SMB to SME market, multi-user solution. Traverse Enterprise Edition is a Microsoft SQL Server solution for the mid-to-large market. 

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QuickBooks Enterprise

Small businesses use QuickBooks for most financially related business processes, from entering sales receipts, tracking expenses, preparing and sending invoices, sales tax tracking and payment, and more.

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CYMA

CYMA Financial Management System (FMS) is flexible, sophisticated accounting software for growing mid-sized businesses. CYMA FMS provides accounting functionality powerful enough for the most demanding user and straightforward for new users. 

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Accounting Software Solution for Firms From 21 – 100+ People

Sage 300

Sage 300 has had a long history and is both well recognized and respected in the United States, as well as Canada. Sage 300 was one of the first companies to redesign its solutions for web processing and the product is fully web enabled.

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Document Management Solutions

eFileCabinet

eFileCabinet is a mature, flexible general document management system (DMS) which was introduced to the market in 2001. Since that time the solution has been used by accounting professionals and others who need a flexible system for indexing and retrieving documents.

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Doc-It Suite

Doc.It Suite provides a complete document management and workflow solution to the public accounting practice. It is perhaps the most comprehensive we have seen in terms of its ability to offer a beginning-to-end solution, with personal attention and guided assistance implementing its solution.

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FileCabinet CS
Thomson Reuters

FileCabinet CS is designed for Accountants in public practice with specific emphasis on Tax service, but may be applied to Audit and other client-related files as well. The product is now available as a Client/Server solution, as well as a Cloud solution via the Internet.

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GoFileRoom
Thomson Reuters

GoFileRoom combines comprehensive document management, scanning, and workflow technologies with the power of the Internet to provide firms with a single tool to efficiently manage, secure, and streamline the workflow process.

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CCH ProSystem fx Suite

CCH ProSystem fx Suite is a complete document management solution built specifically for accountants in public practice. This application attempts to reduce the costs associated with creating and storing paper documents, which should result in an environment where staff is able to work together more efficiently and enable staff members to shed the dependence on physical pieces of paper, allowing access to any document from any location.

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SmartVault

SmartVault offers many of the features of a conventional document management system, but in a package with a substantially reduced learning curve, virtually no start-up costs and tight integration with QuickBooks. SmartVault’s integration with QuickBooks via a simple patent-pending toolbar interface is one of the most distinct competitive differentiators.

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Practice Management Products

Top Practice Management Products

BQE Core

With robust management, time and expense tracking, billing, and accounting capabilities, BQE Core is unique in its breadth and depth. The combination of these features allows for remarkable business intelligence in addition to easy collaboration and streamlined workflows.

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APS Practice Management

APS Practice Management is the centerpiece of the Advance suite of product offerings from APS, providing a variety of solutions for accounting and consulting firms. The system has been developed in-house rather than through acquisitions and has been built upon the Microsoft SQL platform since 1997.

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Specialty / Miscellaneous

Citrix ShareFile

Citrix ShareFile can provide your business with a secure, easy and professional way to exchange important documents, such as Quickbooks files and tax returns, with clients. The custom-branded, password-protected portal provides a way to exchange confidential tax documents and other sensitive financial information with clients and colleagues.

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XCM® Solutions

XCM® Solutions is a very powerful application that includes features and benefits not found in tracking and/or document management solutions currently marketed to the accounting industry. Web-based application; all client information and reports are accessible remotely with an Internet browser.

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Zoho

Zoho currently offers a full suite of Cloud-based tools to help businesses solve problems, execute plans efficiently, and provide excellent customer service. Collectively, Zoho refers to this suite as “the operating system for business.”

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Tax Software Products

Top Tax Preparation Product

Drake Software

Drake Software is great for full-time tax professionals, providing a full slate of tax preparation for individuals as well as businesses and tax planning services. They are committed to providing great quality tax services to their clients, and using technology to meet the demands of the marketplace.

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Specialty Product

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Avalara

Avalara helps businesses get tax compliance right. Avalara’s customers face demanding tax obligations imposed by state, local, and other taxing authorities around the world, and rely on Avalara to provide efficient and accurate solutions to manage those requirements.

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Write-Up Solutions

Top Write-Up Products

QuickBooks Accountant

QuickBooks is used by small businesses for most financially related business processes, from entering sales receipts, tracking expenses, preparing and sending invoices, sales tax tracking and payment, and more.

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Sage 50 U.S.

Sage 50 is designed for businesses that view accounting as a tool to help them make better decisions. It’s an easy-to-use comprehensive solution based on real, double-entry accounting principles with screen-level security, audit trails, and automatic accounting checks, that provides businesses the accuracy and control they need to improve results.

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Sage 50 Canada

Sage 50 Canada s feature-packed and easy-to-use accounting software that allows small businesses to manage cash flow, invoicing and billing in the language of their choice—easily switching between English and Spanish in the US version or English and French in the Canadian version. 

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Billing Solutions Software

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Bill.com

In an increasingly competitive environment, accounting firms are looking for creative ways to address the challenges of business growth and client retention. Offer your clients your own advanced client service solution branded with your logo, delivered through your website, powered by Bill.com.

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Freshbooks

FreshBooks helps small businesses stay on top of their books, get paid faster, and improve cash flow with invoicing, time tracking, expense management, and other functionality small business clients need to run their businesses in the cloud. For accountants, FreshBooks allows you to get the info you need to make the most of your time with your clients.

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Payroll Software

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Payroll Relief

Payroll Relief also allows you to handle unlimited pay types while giving you comprehensive reports for compliance and management. When you combine that with its powerful analytic tools, Payroll Relief gives you control over processing payroll you’ve never had, with less work required on your end.

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