This blog post is all about how to find an accounting software that's right for you! We discuss the most popular accounting software on the market and key features of each. If you're looking for a comprehensive accounting software that does everything, then you should take a look at Soft Accounting or Acuity. If you're just looking for something that will help your business maintain records and pay taxes, there are cheaper options like Sage One Basic or Sage One Advanced Basic Edition. What Is Accounting Software? Accounting software has increased in popularity over the years. It's not just accounting anymore. These days, accounting software is more than just a bookkeeping application. It's a full business management and financial suite that helps you with all aspects of your finances — from bookkeeping to inventory — and it does it all online. It can help you with taxes, inventory, payroll and so much more. When was Accounting Software Invented? According to Jeff Kappel of Intuit (the company that created QuickBooks): "Accounting software was first developed by entrepreneur Richard Saxton in 1964. He saw a need for small and medium-sized businesses to maintain their books and records and perform their accounting functions easily and inexpensively. He developed General Ledger, a software program that had the ability to think like a business person. It was the first program of its kind." Throughout time, accounting software has evolved into what we have today. What are the different versions of Accounting Software? There are three different versions of accounting software: cloud-based, on-premise and SMB (small/medium business). We talk more about the different versions in this blog post here. What are the top Accounting Software providers? The top accounting software providers are: MYOB, Sage One, Xero, Quickbooks, ZipBooks and Wave. These companies offer everything from cloud-based accounting to payroll and inventory management. Take a look below for a list of their detailed features. MYOB is an Australia-based software company that specializes in accounting software for small businesses. MYOB has been around since 1987 and is used by over 240,000 companies worldwide that range in size from 2 employees to over 50,000 people worldwide. MYOB offers a wide range of accounting software products. Sage One is a Canadian company that helps small and medium-sized businesses with accounting tasks. It’s been around since 1987 and has been helping companies with accounting for over 30 years. Sage One comes in different packages from cloud-based to on premises. Xero is a cloud-based SMB provider that specializes in payroll, small business management software and invoicing. Xero has been around since 2007 and makes the process of managing small business finances easy for more than 150,000 businesses worldwide.
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