Accounting has never been my favorite subject.
During my MBA, finance classes initially felt daunting with their jargon and complex formulas. But over time, I realized how essential accounting is to business success. Collaborating with finance professionals later brought those lessons to life, revealing the challenges professionals face.
I’ve combined my MBA knowledge and finance project experience to evaluate the best accounting software solutions. While most of these tools promise to simplify financial management, many fall short in key areas.
Common pain points include outdated interfaces, automation features that don’t save as much time as advertised, and integration issues that make syncing with other business systems a headache. Then there’s the challenge of scalability. Some platforms work fine for small businesses but buckle under the needs of growing enterprises.
With these factors in mind, I’ve evaluated G2 reviews and curated a list of the best accounting software solutions that stand out for their usability, functionality, and value.
“The accounting software industry has historically been slow to adapt to new trends, but COVID-19 forced the industry to digitally transform to support a remote work environment. In my opinion, the most notable and important advancement is cloud-based accounting software.
As companies look to decrease their accounting stack spending, especially in the current economic downturn that we are experiencing, cloud computing allows organizations to pay for a subscription-based solution, which can cost vastly less than purchasing a product and installing it.”
– Nathan Calabrese, Senior Research Analyst, G2
Whether you’re looking for robust reporting, seamless integrations, advanced automation, or an intuitive way to handle daily bookkeeping, this guide will help you find the right accounting solution.
While collaborating with finance and accounting professionals, I saw how accounting software automates tasks like recording transactions, tracking expenses, and managing payroll. It provided financial reporting, tax compliance, and budgeting tools, simplifying our workflows and ensuring accuracy.
I spent weeks collaborating with finance and accounting teams, exploring how accounting software performs in real-world scenarios: what it does well, where it struggles, and whether it’s worth the investment. I also used artificial intelligence to analyze hundreds of product reviews on G2, uncovering users' needs, motivations, and pain points. I looked at G2’s Grid Reports to evaluate how these solutions compare against each other in features, usability, and value. After thorough research and hands-on experience, I’ve compiled this detailed list of the best accounting software.
The best accounting software solutions have made it easier for us to automate repetitive tasks like generating recurring invoices, categorizing expenses using AI tools, and calculating payroll taxes in compliance with local regulations. They provide real-time insights through dynamic dashboards and detailed reports, such as profit and loss statements, cash flow forecasts, and tax summaries. With its advanced integrations into ERP systems, CRM platforms, and payment gateways, we can seamlessly sync data, eliminate manual entry, and minimize errors in our financial workflows.
I considered the following factors when evaluating the best accounting software solutions.
To be included in the accounting software category, a product must:
*This data was pulled from G2 in 2025. Some reviews may have been edited for clarity.
NetSuite is highlighted as intuitive and easy to navigate across many G2 reviews. Many users mention how seamlessly they can run detailed financial reports or find the data they need without a hassle. However, a recurring point in reviews is the dated design of the interface. While functional, several reviewers desire a more modern look and feel to enhance the overall user experience.
I've noticed a consistent theme in G2 reviews regarding NetSuite's ability to handle multi-entity operations. Users often praise how the software simplifies financial consolidation across different divisions or subsidiaries, saving time and reducing complexity. This feature is particularly valued by businesses with operations spanning multiple entities or locations, making the process of synchronizing everything much easier.
Integration with third-party tools is another feature that stands out in user feedback. NetSuite is frequently recognized for its smooth compatibility with various systems, from CRM to inventory management software. G2 reviewers appreciate how these integrations eliminate the need for manual data entry, streamline processes, and improve overall efficiency across the business.
On the flip side, I’ve noticed users on G2 mention issues with the customization process. While NetSuite is generally customizable, some reviewers mention running into challenges when trying to adapt certain features to fit more niche business needs. For instance, the custom report-building process is frequently called out as less straightforward than expected, with many users noting that it can take longer than desired to create tailored reports.
From what I’ve seen, the learning curve is one of NetSuite's more commonly discussed drawbacks. Many users note that transitioning from simpler accounting tools like QuickBooks can be tough, especially when dealing with complex modules like revenue recognition. Users recommend investing time in training to fully grasp the system’s capabilities, as it’s not exactly a plug-and-play solution.
“The drawback I have seen so far is consistently connecting and interacting with our bank accounts. The account transactions, when imported, exist only on one screen. Unlike Quickbooks, you cannot use them to post to your general ledger. You must create your own NetSuite records to match the bank records. We also had some connection issues with manually importing CSV files for bank transactions.”
- NetSuite Review, Christopher W.
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Sage Intacct is often praised for its customizability, with users highlighting how the platform can be tailored to automate recurring tasks such as invoicing and financial consolidations. This flexibility is a significant draw for businesses that need a more personalized accounting solution. Many reviewers also appreciate the tool’s ability to integrate seamlessly with various systems like Salesforce and payroll tools, making it a versatile option for businesses with diverse needs.
One feature that I see getting a lot of love is automation, particularly around tasks like reconciliations. Many users mention how Sage Intacct reduces manual data entry and reconciliations, freeing up time for more strategic tasks. This automation is often called out for its effectiveness in streamlining operations and improving efficiency across the board.
According to feedback I gathered from G2 users, reporting capabilities are a standout aspect of Sage Intacct. Users frequently highlight its ability to generate multi-dimensional reports and customizable dashboards. The platform’s flexibility in reporting is praised by many, as it allows businesses to slice data in various ways to gain valuable insights. However, some users also note that the learning curve for creating advanced reports can be steep, particularly for those who are new to the system.
A consistent theme in G2 reviews that I’ve noticed is how well Sage Intacct handles multi-entity, multi-currency operations. Reviewers often mention that the platform makes consolidating data across different subsidiaries and currencies effortless, eliminating the need for manual processes in Excel. This is a major advantage for businesses operating internationally.
That being said, there are a few areas for improvement. From what I’ve seen, performance issues with large datasets are a common pain point across many G2 reviews. Users have reported occasional slowdowns when dealing with complex reports or massive amounts of data, which can hinder productivity, especially when time is of the essence.
Another aspect that several users on G2 point out is the error messaging. When something goes wrong, such as a file upload issue, users often find the error messages unclear. This lack of clarity can lead to unnecessary troubleshooting when under tight deadlines.
Finally, while the customer support team is generally helpful, a recurring piece of feedback is the desire for faster response times. Some users express that while the support team is competent, the time it takes to resolve issues could be improved, especially when dealing with urgent problems.
“In the Reporting section, we face several issues. For example, we cannot easily compare YTD to LYTD. Sometimes, contacting customer support is difficult as there’s no proper chat service where we can report problems and get solutions quickly. Additionally, if the number of transactions is high, the software often crashes while exporting them. In the reports section, different reports sometimes show different balances, which creates confusion.”
- Sage Intacct Review, Pankaj P.
QuickBooks Online often garners praise for its inventory tracking feature, which users find reliable for small to mid-sized operations. While it may not be the best fit for large-scale enterprises, the majority of reviewers mention that it effectively handles their inventory needs. Some users, however, point out the necessity of integrating third-party apps for more advanced inventory management, which QuickBooks Online accommodates well through seamless integration with other tools.
A standout feature that I frequently see getting positive remarks from G2 reviewers is its automation for transaction matching. Users love how it automatically categorizes expenses and syncs with bank accounts and credit cards. Many reviewers note how this feature saves them considerable time, making reconciliation quick and easy, and some even liken it to having an assistant that simplifies financial tasks.
According to feedback gathered from G2 users, QuickBooks Online's reporting capabilities are widely appreciated, especially for creating profit-and-loss statements. However, some users mention that the customization options for reports are somewhat limited, which can inconvenience those who require more tailored insights. Despite this, most find the reports sufficient for their day-to-day needs.
Another aspect frequently praised by users is the cloud-based setup. I’ve noticed that G2 reviewers often highlight how the ability to access QuickBooks Online from multiple devices—whether at home, the office, or on the go—adds significant flexibility. This cloud-based feature eliminates concerns over file loss or data synchronization, making it an attractive option for businesses prioritizing accessibility and convenience.
On the downside, many users on G2 point out that QuickBooks Online could improve in areas such as report customization. Some mention struggles with limited filter options and customization fields, which require them to find workarounds to get the desired results. This seems to be a recurring issue for users who need more flexibility with their reports.
From what I’ve seen, pricing is a common point of concern in G2 reviews. Many users note that while the base features are reasonably priced, additional subscriptions for features like payroll or TurboTax integration can quickly increase the overall cost. For businesses just starting, this is something to remember when budgeting.
Finally, feedback on customer support is mixed. I’ve read multiple reviewers mention issues with getting insufficient help on simpler issues, particularly when they need quick resolutions. Although this doesn’t seem to happen consistently, it’s a noticeable issue for some users when seeking support for more straightforward inquiries.
“Customer support is quite possibly the worst I have ever experienced, and unfortunately, I have had to use it many times. The agents have zero knowledge of the product or basic accounting understanding. Most of the time, I have to correct them on how the products function. One time, I had an issue that kept happening, and no one would fix it; they just continued to do a temporary fix, even though I would say this is the 2nd, this is the 3rd, 4th, 5th time, and I would explain to them that the prior person did the same thing and it's not permanent.”
- QuickBooks Online Review, Jonathan G.
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QuickBooks Desktop Enterprise frequently gets praise for its comprehensive coverage of business needs, from accounting to inventory management. Based on feedback I’ve reviewed, many users highlight how this tool is an all-in-one solution, providing strong functionality across various aspects of business operations.
The inventory management capabilities are often called out as a standout feature. I’ve noticed that users appreciate the ability to track items across multiple locations, manage serial and lot numbers, and use barcode scanning for efficient stock management. This control helps businesses maintain accurate inventory records and optimize operations.
A consistent theme in G2 reviews that I’ve noticed is the industry-specific editions. Users in manufacturing, construction, and retail sectors value the customization options and specialized reports that cater directly to their industry’s needs, which adds relevance and usefulness to the software.
Integrated payroll also stands out in user feedback. Reviewers often mention how seamless the payroll system is with QuickBooks Desktop Enterprise, simplifying the process of paying employees, managing taxes, and handling benefits. This integration reduces errors and saves time by keeping everything within the same ecosystem.
One feature that I see getting a lot of praise is the ability to create customizable reports. From what I’ve seen, many G2 users emphasize the flexibility of QuickBooks Desktop Enterprise in generating detailed insights and tailored reports. This customization allows businesses to make data-driven decisions and plan strategically.
While many users appreciate third-party integrations, I’ve noticed a recurring point of concern regarding the added costs associated with these add-ons. As businesses grow, investing in these integrations can stretch budgets, according to several G2 reviews, which is something to consider when scaling up.
Based on my review of G2 user feedback, training resources could be more comprehensive. Although many users find the software user-friendly, they often desire more detailed materials to fully leverage all features—particularly during onboarding and training of new team members.
A consistent issue I’ve seen across multiple reviews is the file size limit of 1.5GB. Users with larger datasets report performance issues once this limit is exceeded. According to feedback, managing file sizes or considering alternative solutions becomes necessary for these businesses.
List entry limits also receive notable mention in negative reviews. Many users point out the entry restrictions for lists such as customers, vendors, and items. For businesses with extensive records, like the one mentioned in the reviews, this limitation can present challenges, especially in areas like the Chart of Accounts, which is capped at 100,000 entries.
Considering all this, QuickBooks Desktop Enterprise is seen as a strong choice for businesses looking for comprehensive accounting and inventory management. However, based on feedback, it’s particularly well-suited for small to medium-sized businesses that can manage data within the system’s limitations and are willing to invest in additional integrations as their needs evolve.
“One potential disadvantage of QuickBooks Desktop Enterprise is its higher cost than other versions of QuickBooks.”
- QuickBooks Desktop Enterprise Review, Jamila G.
Microsoft Dynamics 365 Business Central stands out to G2 users for its ability to centralize key accounting tasks. Based on user feedback, it consolidates the general ledger, accounts payable, receivables, and fixed assets into one platform, which helps streamline finance operations for mid-sized to large teams.
A commonly appreciated element is its integration with Excel and Outlook. According to feedback I gathered from G2 users, many value the ability to pull real-time data into Excel or send invoices directly through Outlook. This level of connectivity feels especially seamless for businesses already invested in Microsoft’s ecosystem.
One feature that I see getting a lot of praise is accounts payable automation. Across multiple reviews, users mention how the platform reduces manual checks and improves the accuracy and timing of vendor payments—helping teams reclaim hours otherwise spent on repetitive tasks.
User reviews also praise multi-currency support. I’ve noticed that businesses operating across borders appreciate the automatic handling of exchange rates and built-in compliance features that align with international accounting standards.
The platform’s reporting capabilities are highly praised. Users frequently highlight how easy it is to generate profit and loss statements, cash flow reports, and tax summaries. The ability to customize these reports has helped some teams make more informed financial decisions.
That said, I’ve seen users highlight the learning curve. Many reviewers say the system can initially feel overwhelming, requiring a fair amount of time and training to get comfortable with the interface and all its capabilities.
Regarding the initial setup, I’ve read multiple reviewers mention struggles with configuration—particularly around the general ledger and workflow setup. Feedback indicates that having technical support or professional services can make a significant difference during this phase.
A consistent theme in G2 reviews that I’ve noticed is dissatisfaction with limited dashboard customization. While the backend is powerful, users often call out the rigidity of the interface and the restricted ability to personalize workflows and views.
Custom reporting is another area where negative feedback tends to focus. Some users mention that creating specific reports can be cumbersome and often requires external resources, like forums or tutorials, to navigate effectively.
“Its learning curve process took me a while to learn how to use it quickly because I felt that it does not have the necessary tools to learn more quickly when it has never been used.”
- Microsoft Dynamics 365 Business Central Review, Caroline B.
Xero is an intuitive cloud-based accounting solution that appeals to small and growing businesses. Based on my review of G2 user feedback, its ease of setup is one of the first things users highlight—many mention how quickly they could get started, even without prior accounting experience.
One standout capability, according to users, is Xero’s bank integration. I’ve seen multiple reviewers praise how it syncs directly with bank accounts, pulling in transactions for quick reconciliation. The automation through bank rules is a frequent highlight, helping users save time and reduce manual errors.
A commonly appreciated element is the platform’s invoicing tools. G2 users mention that creating professional invoices, setting up recurring billing, and automating payment reminders make managing receivables far easier and less time-consuming.
Something G2 reviewers seem to really appreciate is Xero’s cloud accessibility. Many users point out the flexibility of accessing their financial data from any device, anywhere in the world, which makes it a good fit for remote teams or frequent travelers.
According to feedback I gathered from G2 users, Xero’s API and automation options receive positive attention—especially from users who want to integrate it with other tools for tasks like inventory, budgeting, or advanced workflow automation.
That said, I’ve noticed that G2 users often call out issues with payroll coverage. While it works well in supported regions, several reviews mention that not all geographies have full payroll functionality, requiring manual workarounds or third-party tools.
There’s noticeable dissatisfaction around multi-currency support. Across multiple reviews, users report challenges in expense reporting and invoice splitting when working across different currencies, noting that it feels limited or overly manual.
I frequently see G2 reviewers highlight Xero’s security measures. Two-factor authentication and encrypted connections are reassuring for users dealing with sensitive financial data, and this area is generally praised in reviews.
From what I’ve seen, feedback on reporting is mixed. While basic reports work well, some users wish for more customization—particularly for tracking performance across multiple locations or generating deeper financial insights.
A consistent theme in reviews is customer support. G2 users often mention delays due to the email-only support model, which can be inconvenient when dealing with time-sensitive issues or complex tasks like multi-currency setups.
"We also utilize XPM as our CRM. When generating tasks in XPM, having the whole chart of accounts available in the income account drop-down box would be useful. Sometimes tasks or expenditures must be coded back into an expense or COG account.”
- Xero Review, Pramod K.
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Intuit QuickBooks is a feature-rich accounting solution designed for small to mid-sized businesses. Based on the feedback I gathered from G2 users, it offers a comprehensive set of tools that simplify core accounting tasks without requiring deep financial expertise.
One frequently praised feature is its expense tracking. Users often mention how easy it is to categorize payments, manage recurring bills, and stay organized. Across multiple reviews, the platform is described as intuitive and efficient for day-to-day financial management.
There’s a lot of love for the platform’s reporting capabilities. I frequently see G2 reviewers highlight how QuickBooks makes it simple to generate cash flow reports, tax summaries, and profitability breakdowns. Users appreciate being able to access key insights in just a few clicks.
According to users, automation is one standout capability. From what I’ve seen, recurring invoices and automated tax calculations are big time-savers that reduce manual workload and make it easier to meet deadlines.
A consistent theme in G2 reviews is an appreciation for its third-party integrations. Many users point out how easily QuickBooks connects with tools like PayPal and Shopify, making it a central hub for managing finances across platforms.
That said, I’ve noticed that inventory management tends to get mixed reviews. While users find the built-in tools sufficient for small operations, several note the need for additional integrations or third-party apps when scaling up inventory needs.
Negative feedback tends to focus on occasional system glitches. I’ve read multiple reviewers mention issues with payroll setup or miscategorized expenses that can slow things down, especially when users are under time pressure.
When it comes to advanced features, some users feel QuickBooks falls short. The platform lacks robust support for complex analytics or deeper inventory control, leading some to rely on external apps for those functions.
G2 users often mention issues with error resolution. I’ve encountered noticeable dissatisfaction with the support experience, particularly when fixing problems like payroll errors, which can require multiple back-and-forths to resolve.
Taking all this into account, when piecing together user feedback, QuickBooks appears to be an excellent fit for small to mid-sized businesses needing intuitive accounting and automation. The verdict from reviewers? It’s a solid choice for streamlining everyday financial tasks—just be aware that more advanced needs might require extra tools.
“I think the part I disliked the most is the price. It costs the company more to use than our new payroll service. Customer Support wasn't the best either.”
- Intuit QuickBooks Review, Bobbi H.
FreshBooks is an all-in-one accounting platform that’s particularly popular with freelancers and small business owners. Based on my review of G2 user feedback, it stands out for offering robust accounting features without overwhelming non-finance professionals.
One commonly appreciated element is its invoicing functionality. I’ve frequently seen G2 reviewers highlight how easy it is to create professional-looking invoices, complete with logos, branding, and custom payment terms. Features like recurring invoices, automated reminders, and late fee calculations also seem to remove the hassle of chasing down payments.
Another standout capability, according to users, is the time-tracking tool. Many users like that they can start a timer as they work, and those hours are automatically pulled into invoices—reducing the chance of underbilling or relying on guesswork.
Regarding expense tracking, users regularly mention the ability to import transactions directly from bank accounts and categorize them easily. This seems to make tax season more manageable. I’ve also read multiple reviewers mention that support for multiple currencies is a bonus for those working with international clients.
I've noticed a consistent theme in G2 reviews: appreciation for the reporting tools. Users mention generating profit margins, tax summaries, and expense breakdowns in a way that’s easy to understand. The centralized access to client information—like contact details, project notes, and payment history—is another feature that gets a lot of love.
FreshBooks also gets recognition for its payment integrations. It works with Stripe and PayPal and supports ACH transfers and credit card payments. Clients can pay directly from the invoice, which reviewers say adds a layer of convenience. That said, I’ve seen some highlighted trouble with payment processing delays.
From what I’ve seen, negative feedback focuses on user costs during team scaling. While starting as a solo user works well, reviewers note that adding more users incurs extra fees, which can be a concern for growing businesses.
Looking at the broader review trends, some users point out limitations around advanced accounting features. FreshBooks covers the basics well, but it may fall short for those needing functionalities like check-writing or more complex reporting capabilities.
There’s also noticeable dissatisfaction around account verification processes. G2 users often call out the repetitive nature of verifying the same information, suggesting it could be more streamlined.
Finally, I’ve read multiple reviewers mention struggles with manual time entry duplication. Users working with repeat time blocks say it gets tedious and wish for a smarter way to automate that workflow.
“I got bumped up to the middle tier too soon. Just because I have six clients doesn't mean my business is out of the woods yet. I am still trying to make it sustainable, and the fee jump was a bummer.”
- FreshBooks Review, Chris A.
SAP S/4HANA Cloud is especially popular among finance teams seeking speed, accuracy, and centralized data management.
A commonly appreciated element is the real-time financial insights. Many users highlight the platform’s ability to deliver up-to-date data when reviewing transactions or generating reports. This capability is seen as a major advantage for teams that must make fast, informed decisions without relying on outdated numbers.
I frequently see G2 reviewers highlight the benefits of centralized data management. Vendor records, ledgers, and transaction details are consolidated in one place, streamlining tracking and analysis. According to users, the interface is intuitive and supports quicker transaction processing thanks to the platform’s built-in financial intelligence.
Another standout feature, based on reviews, is comprehensive financial oversight. Users say SAP S/4HANA Cloud makes it easier to understand their organization’s full financial picture from a single dashboard. Security and compliance capabilities also receive praise, particularly for helping maintain data integrity and audit readiness.
That said, I’ve encountered noticeable dissatisfaction around payroll setup and management. Some users describe the configuration process as overly complex, with even routine tasks sometimes feeling cumbersome. The learning curve for certain administrative functions appears to be steeper than expected.
Across multiple reviews, there are also mentions of sluggish performance during report generation and occasional glitches that interrupt workflows. While these don’t seem to be deal-breaking issues, they’re common enough to warrant attention.
Support is another area where G2 users mention delays in getting help for bugs or configuration issues, especially when dealing with backend integrations between finance and other departments like operations.
Considering all this, when piecing together the user feedback, this tool seems to best offer a robust, intelligent platform for real-time financial management. The verdict from reviewers? It’s especially good for mid-sized to large enterprises that need deep financial visibility and enterprise-grade compliance, but it may require patience—and extra support—during implementation and troubleshooting.
“The system is very expensive because it offers many functions and applications, which makes its price level very high. Not everyone can get it and must opt for a lower plan with fewer options so that more companies can afford it. SAP is a bit more complex as its interface is difficult to understand and requires some work as it is not very easy to implement. Its initial configuration usually has to be done by professionals, and the cost is high; not everyone can use it, which wastes time and increases business costs.”
- SAP S/4HANA Cloud Review, Lazi Z.
Acumatica offers a well-rounded toolkit for businesses looking to manage their finances, operations, and customer relationships from a single platform.
I've noticed a consistent theme in G2 reviews: high customization. Users often highlight how easy it is to tailor workflows, build custom dashboards, and generate financial reports specific to their needs. Whether handling invoicing, cost analysis, or account reconciliation, many reviewers appreciate that the software adapts to their business, not the other way around.
Another standout capability, according to users, is real-time access to financial data. Because Acumatica is fully cloud-based, users say they can check critical metrics on the go—from their desktop or mobile device. This level of visibility seems especially valuable for teams that need up-to-date insights at all times.
From what I’ve seen, G2 reviewers frequently highlight the platform’s user-friendly interface. Despite its robust functionality, many say the system doesn’t overwhelm them. The onboarding experience is often described as smooth, with intuitive design making it easier for non-technical users to get up and running.
The functionality around system integrations also stands out in reviews. Users often mention how smoothly Acumatica connects with CRMs, inventory management tools, and third-party payment systems. This integration seems to eliminate data silos and streamline operations across departments.
That said, I’ve noticed that some users mention a steep learning curve—particularly during the setup phase. Customizing the platform to meet specific business needs can take time and may require outside expertise, especially for organizations with complex processes.
I’ve also encountered feedback regarding occasional system glitches, such as issues with email functionality or vendor/customer-balanced handling. While these don’t appear to be widespread deal-breakers, they can cause friction during day-to-day tasks.
And while many find long-term value in the platform, G2 users often call out high implementation and licensing costs. For smaller businesses or those on tight budgets, this could be a barrier, even if the platform proves cost-effective in the long run.
Looking at the broader review trends, Acumatica excels in delivering customizable, cloud-based ERP solutions that grow with your business. The verdict from reviewers? It’s especially good for companies that need flexibility, real-time data access, and integration across systems—even if that means a bit of an upfront investment.
“Fixed Assets module can be improved in terms of functionality and reporting. I wish more can be done for the fuel distribution industry.”
- Acumatica Review, Darren F.
FloQast is a cloud-based accounting software designed with accountants in mind—and according to feedback I gathered from G2 users, that’s one of its biggest strengths. Many reviewers note that the tool feels purpose-built for accounting teams, which shows in its intuitive interface and accounting-specific workflows.
Across multiple reviews, I’ve noticed users mention how the platform streamlines the month-end close process. G2 reviewers frequently highlight features like automated workflows, centralized task lists, and real-time close status dashboards. These capabilities seem to reduce the chaos often associated with closing periods, helping teams stay organized and on track.
One feature that I see getting a lot of praise is FloQast’s integration with ERP systems such as NetSuite, Microsoft Dynamics GP, QuickBooks, and Excel. Users often highlight how easy it is to sync reconciliations, track variances, and review documentation without manual data entry. The read-only access also stands out in reviews as a useful control for preserving data integrity while enabling collaboration.
Another commonly appreciated element is the reconciliation management functionality, which allows users to roll forward reconciliations from one period to the next. This feature, along with tools like Flux Analysis and audit-ready PBC lists, is often mentioned for saving time and reducing audit season headaches. Reviewers seem to appreciate how these capabilities minimize repetitive work and improve variance tracking.
That said, I’ve encountered noticeable dissatisfaction with FloQast’s document storage system. Some users report that navigating older files or locating specific documents can be cumbersome, describing the process as time-consuming and unintuitive.
While integration with major ERP platforms is a standout, I’ve seen some users mention avalibiltiy limited support for niche or smaller ERP systems. This may create obstacles for teams that don’t use the mainstream tools FloQast supports.
I've noticed a consistent theme in G2 reviews: the lack of customization options. Users mention challenges when trying to tailor workflows or adjust views for different roles, limiting the platform’s flexibility for more complex team structures.
Lastly, multiple reviewers have mentioned struggles with filtering and search functionality, particularly in the Task Management and Reconciliation Modules. Finding specific tasks or records can sometimes feel like digging through a haystack, according to feedback.
Taking all this into account, when piecing together the user feedback, what this tool seems to do best, based on reviews, is simplify and speed up the close process for accounting teams. The verdict from reviewers? It’s especially good for mid-sized to large teams looking to standardize their workflows and reduce audit preparation time.
“I don't like the document storage system. Documents can either be in the folders or the file storage location. Documents created directly in the file storage location are not reflected in the documents section of the folder. I also can't claim ownership of the file storage system, and no one has been able to help me with this.”
- FloQast Review, Maxine A.
Our evaluation shows that NetSuite, Sage Intacct, and QuickBooks Online are the best accounting software solutions.
QuickBooks, Wave, Zoho Books, Xero, and FreshBooks are the best accounting software for small businesses.
The right accounting software is crucial for your business's financial health and operational efficiency. Here's how to make an informed choice:
While some small businesses may manage with manual bookkeeping initially, the complexity of financial transactions increases as your business expands. Adopting accounting software can streamline these processes, provide real-time financial insights, and ensure compliance with financial regulations. Investing in accounting software is prudent to support your business's growth and financial health.
You can use accounting software to automate and manage financial tasks like recording transactions, tracking expenses, generating invoices, reconciling accounts, and preparing financial reports. You start by setting up your business details, linking bank accounts, and customizing features like tax settings. Then, you can input data, monitor cash flow, and analyze performance through dashboards and reports.
Xero, QuickBooks, Sage Intacct, NetSuite, Zoho Books, and FreshBooks offer the best accounting service apps for medium-sized companies.
QuickBooks, Xero, Wave, and FreshBooks are among the best accounting software for startups. They offer comprehensive features, ease of use, scalability, and strong support from accountants and tax professionals.
NetSuite, AccountsIQ, QuickBooks, FreshBooks, Xero, Zoho, Sage, Kashoo, and Wave are the best accounting tools with cloud storage for enterprises. These platforms offer robust financial management, automation, and integration features, making them ideal for scaling businesses.
Some of the most user-friendly accounting software for payroll and invoicing are Xero, QuickBooks, Wave, Intuit, Wise, Gusto, eSmart Paycheck, Payroll4Free, and ExcelPayroll.
QuickBooks, FreshBooks, YNAB, Moneydance, NolaPro, Simplifi, Quicken, Zoho, and Mint are top accounting and budgeting apps that sync with bank accounts for real-time transaction tracking. While some, like QuickBooks and FreshBooks, focus on business accounting, others, such as YNAB and Mint, specialize in personal finance management.
Xero, Sage Intaact, Freshbooks, and NetSuite.
The best accounting software for managing cash flow includes QuickBooks, Xero, and FreshBooks, offering real-time tracking, automated reports, and bank reconciliation to keep finances in check.
QuickBooks, Xero, and NetSuite leverage AI for automated expense categorization, predictive analytics, and financial forecasting. Zoho Books and Sage Intacct also offer AI-driven automation for smarter bookkeeping and fraud detection.
Wave and Zoho Books provide robust free plans for small businesses, while QuickBooks Online and FreshBooks offer affordable, feature-rich subscriptions. Xero and Sage Business Cloud provide scalable pricing with strong automation tools for growing businesses.
After trying and evaluating a ton of accounting software, I’ve broken everything down to help you pick the one that works best for your business. Every tool has strengths and quirks; what fits perfectly for one company might not work well for another. That’s why I’ve laid it all out: features, pros, cons, and everything in between, so you can make a smart, confident choice.
Whether you need something simple to track invoices or a robust system to manage payroll and reports, there’s a solution for you. The right accounting software won’t just save you time; it’ll make your life much easier and let you focus on what matters: growing your business.
Check out the top 10 free accounting software for financial reporting.
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