Accounting Software Reviews

In 2019, Lilac Bar David initiated Lili, a banking enterprise specifically for freelancers – an expanding, yet inadequately served segment of the workforce. Before establishing Lili, she was the pioneering figure and the chief executive officer of Pepper, a company renowned for its forward-thinking approach in the realm of mobile banking. Lili, a digital-only bank (also known as a neo-bank), provides its banking services through the Choice Financial Group, and every account is safeguarded by the Federal Deposit Insurance Corp, with deposits insured up to a maximum of $250,000.

FreshBooks is one of the leading accounting softwares for freelancers and small businesses. The well-designed interface, myriad of brilliant features, and consumer-friendly pricing model make it a top choice among professionals in various industries. It is accounting software made for those who are not familiar with accounting.

Founded in 2011 as ZenPayRoll by Edward Kim, Joshua Reeves, and Tomer London, Gusto is a complete human resource management platform for small and medium businesses. It’s an end-to-end ecosystem that takes care of payroll and compliance, benefits administration, time tracking, and even onboarding. Together, these tools save businesses countless hours and money through automation and easier regulatory compliance. Gusto has already recently added Gusto Global, which can help SMBs hire, onboard, pay and support international employees.

HoneyBook is an online CRM designed to help businesses handle client interactions, from marketing, lead generation, and conversion to sales, project management, and invoicing. This software is ideal for start-ups, self-employed individuals, entrepreneurs, and small businesses. It provides a comprehensive but user-friendly avenue for business owners to manage their day-to-day activities. HoneyBook was founded towards the end of 2012 by Oz Alon alongside his wife, Naama Alon, and his friend, Dror Shimoni. It is a U.S.-based company with a head office in California. However, entrepreneurs and small businesses in the U.S. and Canada benefit from this software’s services.

Xendoo is an online accounting solution that leverages technology to provide bookkeeping and tax services to small and medium-sized businesses. By ensuring that businesses have access to relevant financial tools and insights, Xendoo takes the hassle out of accounting, giving you back time to spend growing your business.  

Odoo is a U.S.-based software company founded by Fabien Pinckaers. With an employee status of over 1,700, this software firm currently boasts over 7 million users around the globe. Odoo offers business owners a complete ERP suite far beyond an average accounting software. It consists of 40 different applications, of which accounting is one. This app is suitable for small and large businesses. It offers accounts payables and receivables, charts of accounts, asset management, and basic reporting, amongst others. You can also host the accounting application online or on your company’s servers. One intriguing feature of this software is that it is open-sourced. As a result, the company’s community of 1500+ users has designed more than 16,000 applications from the software’s initial 30 business apps.

With over 7 million users, QuickBooks is widely used by small and mid-sized businesses for accounting and management. QuickBooks Desktop Enterprise consolidates key business functions like accounting, payroll, inventory, and reporting into a single platform. It’s designed to help businesses manage up to 1 million customers, vendors, and inventory items efficiently. Features like customizable user permissions and centralized order management offer better control and organization, while built-in payroll provides tools for direct deposits and employee access to pay and tax information. With over 200 customizable reports and advanced inventory tracking, QuickBooks Desktop Enterprise supports businesses in managing warehouses, tracking data, and reducing inventory losses.

QuickBooks Online is a small business cloud accounting software that allows users to manage their business anywhere, anytime, and on any device. With over 7 million customers worldwide, QuickBooks provides smart tools to help save time and money. Track business income & expenses with ease, send invoices, accept online payments, manage inventory, run payroll, & more to help you make better business decisions, and take the stress out of tax time. QuickBooks is easy to use and no prior accounting knowledge is necessary. QuickBooks securely backs-up data and keeps users up-to-date with free software updates.

Bill.com is a trusted name in financial operations, offering cloud-based software that simplifies and automates accounts payable (AP) and accounts receivable (AR) processes for small and mid-sized businesses. Founded in 2006 and headquartered in San Jose, California, Bill.com has become a go-to solution for businesses seeking to streamline their financial workflows. Backed by AI-powered automation, Bill.com eliminates the manual tasks of managing invoices, payments, and receipts, allowing businesses to focus on growth instead of paperwork. With millions of users and adoption by over 80% of the top 100 accounting firms in the U.S., Bill.com is renowned for its efficiency and user-friendly design. Bill.com also offers a white-labeled payments platform, Bill.com Connect, which integrates seamlessly with financial institutions’ online business banking ecosystems, providing end-to-end payment solutions under a single sign-on experience. Whether you’re a startup, established business, nonprofit, or franchise, Bill.com helps you save time, reduce errors, and gain greater control over your financial operations.