Best Accounting Software for Consultants

Reports offered instructions to help me interpret them and easy filtering options to customize them to my needs. AccountEdge has a 4.3-star rating on Capterra with 93 user reviews and a 3.7-star rating on G2 with 23 reviews. Users say that after a small learning curve, the software is easy to use and navigate. They also like that it has lots of reporting features and easy data backup capabilities. Overall, Xero offers a basic interface for completing key accounting tasks.

  • At just $15 per month, it’s limited to just 20 invoices (or quotes) and five bills per month.
  • On the “projects” page, I clicked on “create new” and was given the option to create a flat-rate or hourly project.
  • Given that ERP is complex, it gives consulting firms a wide array of tools in accounting and finance, human resources (HR) and client management, which will help all departments in the business.
  • Diligent categorization gives you more accurate reports and income tax returns.
  • Accounting software packages are specialized computer programs that help businesses, track invoices, generate reports, and record and report financial transactions.

Looking for the best consultant accounting software? We have just what you need…

When I tried testing this software on a Mac computer, I experienced one glitch after another with installation, making it impossible to even download the software and get it going. Users also say that they experience significant bugs with updates that sometimes leave necessary features unusable until the bug is resolved. Next, I clicked on the “Projects” menu item from the left-hand menu. On the “projects” page, I clicked on “create new” and was given the option to create a flat-rate or hourly project.

Best Accounting Software for Consultants

FMIS Fixed Asset Management

Overall, though, Zoho Books is best for businesses that use other Zoho applications, but its appeal isn’t limited to such cases. We also recommend it to larger small businesses, growing businesses, and established businesses that want its customizability, depth, and usability. That said, the depth of its features might be overwhelming to very small businesses but welcomed by companies with bookkeeping for consultants more advanced needs. Scalability was the next most important consideration because as a company grows, its accounting needs grow as well, and transferring financial information to new software can be tedious. Yes, powerful reporting in QuickBooks Online Advanced allows you to filter reports for a custom view. Mint which was acquired by Intuit offers a free personal finance tracker.

Best Accounting Software for Consultants

NerdWallet’s Best Accounting Software for Consultants

These features allow consultants to focus on their core business tasks while maintaining control over their financial health. QuickBooks is known for its accounting and bookkeeping software, but it actually offers a very robust library of financial reports as well. The entry-level Simple Start plan already comes with dozens of reports, and the Plus plan provides access to more than 60 different reports to choose from.

Best for Comprehensive Features

The user experience was clearly designed for novice bookkeepers who are just starting out, or for established but still small companies that just don’t need many accounting features. We looked at 19 accounting software companies with specialized products for small businesses before choosing our top five software options. We considered cost, scalability, ease of use, reputation, and accounting features. QuickBooks Online topped our list for its scalability, training resources, and mobile app. But micro-businesses may find their needs more affordably met by Xero, and self-employed individuals will appreciate the ability to categorize personal and business expenses with QuickBooks Solopreneur. Service-based businesses that want the best invoicing tools and customization will be best-served by FreshBooks.

Can You Manage Expenses and Bills With Accounting Software?

All the accounting services we review let you add customers, vendors, and products during the process of completing transactions. You need to do this anyhow as you grow and add to your contact and inventory databases. You have to decide whether you want to spend the time upfront building your records or take time out when you’re in the middle of sales or purchase forms. Most small business accounting services also offer the option to import existing lists from CSV and XLS files.

  • Some notable features offered by AccountEdge include its custom reporting, data security, invoicing and project time tracking tools.
  • It is ideal for consultants who aren’t ready to commit to more advanced software but still want to account for consulting income and expenses.
  • These cost-savings and flexibility are what make SaaS accounting software extremely popular with growing small businesses such as start-ups… or successful consultants.
  • Yes, QuickBooks is one of the most popular accounting software solutions for small businesses and consultants.
  • There’s a reason QuickBooks Online is the most popular DIY accounting software, and much of that has to do with ease of use.