What is an Accounting Software?

Accounting Software allows businesses to track and manage all the invoices. Enables users to improve collections by tracking receivables, automating processes, eliminating manual errors, and running comprehensive reports. Allows businesses to optimize customer invoicing and payment processes. Accounting Software enables users to ensure that customers pay for the goods or services they received. It simplifies the processing of large volumes of customers’ invoices and reduces accountants’ time collecting customers’ payments. Enables users to provide valuable information for the preparation of regulatory financial reporting. Allows users to match invoices, payments, and credits with quotes and sales orders to ensure the correct amounts are processed.

Accounting Software allows users to process, record, and pay vendor invoices for purchases and services. It includes document matching, approvals, discounts, OCR invoice scanning, bill payments, cash disbursement reports, general ledger posting, etc. Allows users to scan and capture paper documents to convert them into electronic documents. Accounting Software also enables users to store invoices in a single repository to search and retrieve invoices at any time as per requirements. Allows users to reconcile invoices and payments automatically and is marked as paid once they receive the payments. Enables users to customize approval and receive real-time notifications on transactions.

Features of Accounting Software

  • Allows users to create and send invoices to customers for goods and services provided. Enables users to set up recurring invoices and can automatically send them on a specific schedule.
  • Also allows users to analyze data, create reports through configurable dashboards and data visualization tools such as charts and graphs.
  • Provides in-built templates that allow users to create customizable invoices by adding the company logo, payment terms (e.g., Net 15, Net 30), and client information.
  • Enables users to accept payments in various methods, such as via cash, cheque, and credit card. It also allows users to integrate with various payment services such as PayPal, Stripe, etc.
  • Enables users to track paid and outstanding balances. It also allows users to see when customers view an invoice or send reminders when invoices are coming due or are late.
  • Enables users to store and secure data in a centralized database and track information anytime in the future using detailed categorization and advanced search filters.
  • Allows users to create reports for outstanding payments and enables users to provide pre-approval and execution to repeat expenses.
  • Also provides users with all the necessary tools to create records, such as name, contacts, preferred payment method, address, etc.
  • Allows users to see the status of the invoices and whom to contact in case of delays. It also enables users to import and export data in real-time for reporting and analysis.
  • Enables users to safeguard against fraud by controlling which employees can access invoice approval and the release of payments. It allows users to create workflows with multiple people to increase the chances of catching fraud.
  • Also enables users to set alerts and notifications to pay the supplier’s payments before the due dates.

List of Accounting Software

When you start looking for the best accounting software, it is easy to get overwhelmed with the list of options available. Here is the handpicked list of accounting software to choose as per your requirement:

1. Sage Intacct

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Image Courtesy – https://www.erpvar.com/

Sage Intacct is a cloud-based accounts receivable software suitable for small to midsize businesses. It includes accounts receivable, general ledger, real-time reporting, expense management, cash management, etc. It also provides financial reporting, operational insights, and the ability to automate critical financial processes. Sage Intacct accounts receivable software provides in-built templates and balance sheets to track sales and analyze performance. It also integrates with third-party applications such as Salesforce, ADP, etc.

Key Features:

  • Available on a monthly and annual subscription
  • Complies with GAAP, IFRS, and SAS 70 Type II
  • Works on Windows, Mac, and Linux
  • Also provides a 30-day free trial

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2. Wave

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Image Courtesy – https://support.waveapps.com/

Wave is a cloud-based accounts receivable software suitable for small businesses. It includes invoicing, billing, payment tracking, credit card processing, receipt scanning, etc. Allows users to manage accounts and credit card information in real-time to improve bookkeeping accuracy and efficiency. Wave accounts receivable software also enables users to generate reports, such as balance sheets, sales tax, cash flow, etc. Allows users to send payment links and invoices via email to collect payments.

Key Features:

  • Allows users to choose customizable invoicing templates as per requirements
  • Provides a mobile app for iOS and Android
  • Available on a monthly subscription
  • Also available for free with limited features

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3. Financial Edge NXT

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Financial Edge NXT is a cloud-based accounts receivable software designed for businesses of all sizes. It includes general ledger, accounts receivable, fixed assets, banking, transparency across teams, security, and compliance. Financial Edge NXT accounts receivable software provides a customizable dashboard that allows users to closely monitor income statements, expense ratios, cash balances, etc. Enables users to create their unique business rules and set specific spending limits.

Financial Edge NXT provides one-click drill-down functionality and export capability that allows users to make decisions in real-time. Enables users to track budgets and compare them with the unlimited budget scenarios by department, project, etc. Allows organizations to forecast their spending needs several years in advance.

Key Features:

  • Allows users to set up an automatic payment from multiple sources
  • Integrates the SKY API application
  • Provides support via email, phone, and other online measures
  • Also provides a free trial version

To know more about Financial Edge NXT Accounts Receivable Software features and product options, click here to continue.


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4. Accurants

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Accurants is a cloud-based accounts receivable software suitable for small businesses. It includes time tracking, invoicing, expense tracking, etc. Allows users to create invoices and receive payment via mobile devices. Accurants accounts receivable software enables users to create estimates and convert them into invoices. Allows users to create and send purchase orders.

Accurants allows users to export invoices in PDF and Excel format and attach documents with the invoices in PDF, Excel, and Word. Enables users to integrates with third-party applications such as QuickBooks.

Key Features:

  • Available in three different plans – Basic, Plus, and Enterprise
  • Available on a monthly subscription
  • Provides a mobile app for iOS and Android
  • Also provides a free trial version

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5. ActivityHD

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ActivityHD is an accounts receivable software designed for businesses of sizes to provide flexibility and improve decision-making. It includes accounting and payroll modules such as accounts receivable, bank reconciliation, fixed assets, general ledger, etc. Allows users to track expenses and schedule payments while maintaining data visibility and control. ActivityHD accounts receivable software also enables users to track invoices and a detailed receipt processing for efficient billing.

Key Features:

  • Allows users to reconcile transactions such as voided forms, bank statements, etc
  • Allows users to make better decisions for future asset purchases
  • Provides cost distribution based on department, location, and asset
  • Also provides a mobile app for iOS

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6. Invoice Meister

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Invoice Meister is a cloud-based accounts receivable software suitable for businesses of all sizes to streamline invoicing, quoting, expense management, etc. Allows users to create personalized invoices using custom colors, logos, and content. Invoice Meister accounts receivable software also enables users to categorize expenses using built-in charts of accounts, track payments, and attach receipts. Allows users to set permission and determine access to individuals as per requirements.

Invoice Meister allows users to schedule alerts and notifications for unpaid invoices. Enables users to send invoices in multiple currencies to receive payments in real-time. Allows users to gain insight into financial data such as revenue, expenses, etc.

Key Features:

  • Allows users to send payment reminders via email automatically
  • Available on a monthly subscription
  • Provides support via email, phone, and other online measures
  • Also provides a free trial version

To know more about Invoice Meister Accounts Receivable Software features and product options, click here to continue.


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7. FreeAgent

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Image Courtesy – https://www.freeagent.com/

FreeAgent is a cloud-based accounts receivable software designed for small businesses to manage invoices, expenses, tax returns, etc. Allows users to set up recurring invoices and send reminders to clients to make payments. FreeAgent accounts receivable software provides updates and reminders about deadlines and tax dues. Provides a 256-bit secure socket layer connection that allows users to secure data.

FreeAgent allows users to track expenses by uploading a photo of the receipt with a mobile app. Enables users to send a thank-you note via email after receiving payments from clients.

Key Features:

  • Integrates with third-party applications such as Zapier, Paypal, Stripe, etc
  • Available on a monthly and annual subscription
  • Provides a mobile app for iOS and Android
  • Also provides a 30-day free trial

To know more about FreeAgent Accounts Receivable Software features and product options, click here to continue.


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8. Klippa Accounts

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Image Courtesy – https://www.klippa.com/

Klippa is a cloud-based accounts receivable software suitable for businesses of all sizes to manage expenses and process digital receipts and invoices. Allows users to detect fraud automatically in financial transactions to approve or reject employees’ expenses. Klippa accounts receivable software enables users to gain insights into employees’ expenses and projects to generate real-time reports.

Klippa provides optical character recognition (OCR) functionality that allows users to extract data from uploaded documents. Enables users to categorize expenses into multiple folders. It also provides a 30-day free trial.

Key Features:

  • Allows users to export data in various formats such as PDF, XLSX, CSV, etc
  • Provides support via email, phone, and other online measures
  • Integrates with third-party applications such as Sage, Xero, etc
  • Available on an annual subscription

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9. Nomisma

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Image Courtesy – https://www.nomisma.co.uk/

Nomisma is a cloud-based accounts receivable software designed for small businesses to streamline processes related to invoicing, payroll, record expenses, submit receipts, etc. Allows users to perform and schedules accounting tasks, communicate with their clients, and share data with colleagues. Nomisma accounts receivable software also enables users to capture and maintain records of potential clients.

Nomisma allows users to create sales invoices and automate bank reconciliation processes. It also integrates with third-party applications, such as SignEasy, PayPal, Stripe, etc.

Key Features:

  • Provides a mobile app for iOS and Android
  • Provides support via email, phone, and live chat
  • Available on a monthly subscription
  • Also provides a free trial version

To know more about Nomisma Accounts Receivable Software features and product options, click here to continue.


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10. KashFlow

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Image Courtesy – https://www.kashflow.com/

KashFlow is a cloud-based accounts receivable software suitable for businesses of all sizes. It includes invoicing, estimation, purchase management, reporting, etc. Allows users to create invoices and set alerts and notifications to receive an email when a payment is due. KashFlow accounts receivable software enables users to send an automatic reminder via email to their clients. Enables users to file VAT returns directly to HMRC and create a journal report.

KashFlow allows users to create estimates and can convert estimates to invoices. Allows users to generate financial data graphically, such as balance sheets, customer history reports, trial balances, etc.

Key Features:

  • Integrates with third-party applications, such as PayPal, DropBox, etc
  • Available on a monthly subscription
  • Provides a mobile app for iOS and Android
  • Also provides a 30-day free trial

To know more about KashFlow Accounts Receivable Software features and product options, click here to continue.


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11. AccountsIQ

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Image Courtesy – https://accountsiq.com/

AccountsIQ is a cloud-based accounts receivable software suitable for small to medium-size businesses to capture, process, and report financial data. It includes managing budget, digital VAT returns, automate consolidation, etc. AccountsIQ accounts receivable software allows users to measure actual results compared with planned budgets to analyze consistencies and performance.

AccountsIQ enables users to create budgets in different currencies and streamline workflow approvals of purchase orders and invoices. It also provides customizable charts of accounts, GL coding, etc.

Key Features:

  • Integrates with third-party applications such as Kefron, Salesforce, concur, etc
  • Also provides a free trial version
  • Provides a mobile app for iOS and Android
  • Available on a monthly subscription

To know more about AccountsIQ Receivable Software features and product options, click here to continue.


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12. InvoiceBerry

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InvoiceBerry is a cloud-based accounts receivable software suitable for small businesses. It includes invoice creation, expense and payment tracking, and report creation. Enables users to create and send invoices and schedule recurring invoices to be sent automatically to customers. Allows users to create quotes and estimates, sends them to clients via email, and then convert them into invoices. InvoiceBerry accounts receivable software provides in-built templates that allow users to create a customizable invoice. It also offers a free trial.

Key Features:

  • Allows users to export and save invoices as PDFs
  • Provides 256-bit AES SSL encryption
  • Available on a monthly subscription
  • Also supports 200+ languages

To know more about InvoiceBerry Accounts Receivable Software features and product options, click here to continue.


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13. SoftLedger

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SoftLedger is a cloud-based accounts receivable software designed for small to midsize businesses. It includes general ledger, financial reporting, consolidation reporting, etc. Allows users to automate billing and collections by syncing accounting and operations. Enables users to track vendor’s billing and gain insight into how expenses match up to budgets.

SoftLedger accounts receivable software allows users to manage foreign currency exchange gains and losses and generate a real-time report. Enables users to control cash flows by automating the processes of bank feeds as well as cash reconciliations.

Key Features:

  • Allows users to create a collection follow-up schedule for each client automatically
  • Available on a monthly subscription
  • Enables users to integrate with third-party applications
  • Allows users to ensure that all the actions are documented

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14. Patriot Accounting

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Image Courtesy – https://www.patriotsoftware.com/

Patriot Accounting is a cloud-based accounts receivable software suitable for small businesses. Allows users to track customer invoices and print invoices. Enables users to issue 1096 and 1099 tax forms and draft invoices for vendors. Patriot Accounting software allows users to export spreadsheets that provide financial summaries for specified timeframes. Enables users to view balance sheets, profit, and loss statements, vendor payments, etc.

Patriot Accounting allows users to set default prices for products and services and specify the sales tax rate. Enables users to view unpaid invoices and record payments from customers. It also provides a 30-day free trial.

Key Features:

  • Allows users to create payment reports for multiple vendors for a specified date range
  • Integrates with other Patriot products, such as Patriot payroll software
  • Enables users to import transactions and upload a file from the bank and reconcile accounts
  • Available on a monthly subscription

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15. Blue Skies

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Blue Skies Accounting is an on-premise accounts receivable software suitable for businesses of all sizes, such as agricultural farms, labor contractors, nurseries, vineyards, etc. It includes general ledger, cost accounting, database import/ export, budgeting, reporting, etc. Allows users to check records and deposits automatically and corrects errors. Blue Skies Accounting software also enables users to create separate reports for cost, generate P/L statements for each vendor, and allocate overhead and fixed expenses.

Key Features:

  • Provides a Chart of accounts/GL set up
  • Allows users to reconcile bank accounts and credit cards
  • Provides support via email and over the phone
  • Available on a one-time payment

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16. Pandle

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Pandle is a cloud-based accounts receivable software designed for small businesses. Allows users to streamline accounting activities, including invoicing, receipt uploads, quotations, etc. Enables users to create invoices as well as email bulk invoices to suppliers and customers. Pandle accounts receivable software allows users to set up recurring invoices and send reminders for pending invoices.

Pandle provides tax estimations that enable users to forecast upcoming taxes. Available on a monthly subscription. It also provides a free version with limited features.

Key Features:

  • Allows users to pull transaction history from bank accounts in real-time and upload transaction receipts
  • Supports multiple currencies and exchange rates for currency conversions
  • Enables users to view financial statements and analyze business health
  • Also provides a mobile app for iOS and Android

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17. Zoho Invoice

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Image Courtesy – https://www.zoho.com/

Zoho Invoice is a cloud-based accounts receivable software suitable for businesses of all sizes. It includes time tracking, reporting/analytics, customizable templates, automated tracking expenses, etc. Provides in-built templates that allow users to create customizable invoices with the brand logo. Zoho Invoice accounts receivable software allows users to send automated payment reminders to clients for pending payments and share invoices with team members to facilitate collaboration.

Zoho Invoice allows users to create estimates, send invitations to clients to add comments and convert them into invoices. Enables users to collect advance payments and keep track of invoice history. Available on a monthly subscription. It also provides a free version with limited features.

Key Features:

  • Integrates with third-party applications, such as Office 365, Slack, G Suite, etc
  • Supports multiple languages, such as German, English, French, etc
  • Allows users to set permissions and determine access to individuals as per requirements
  • Also provides a mobile app for iOS and Android

To know more about Zoho Accounts Receivable Software features and product options, click here to continue.


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18. M3

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Image Courtesy – https://softwareconnect.com/

M3 is a cloud-based accounts receivable software suitable for businesses of all sizes. It includes bank reconciliation, cash management, invoicing, tax Management, automated data collection, etc. M3 accounts receivable software also provides financial analysis with a core accounting module, customizable dashboards, and centralized data with an insights module. Allows users to provide daily reports with PMS mapping, financial budget, and forecasting.

Key Features:

  • Allows users to drill down to key data points, discover critical trends, and optimize business intelligence
  • Accounting also supports multiple languages
  • Enables users to streamline accounting functionality with 16+ easy-to-use components
  • Available on a monthly and annual subscription

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19. Accounting Xpert

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Accounting Xpert is an on-premise account receivable software designed for businesses of all sizes. It includes general ledger, accounts payroll, W2 and 1099 laser processing, bank reconciliation, etc. Allows users to maintain and print their general ledger for historical dates and range of accounts. Accounting Xpert software also provides in-built financial reports formats, such as single or double underlining, titles non-print accounts, account description, columns, heading, and footnote.

Key Features:

  • Allows users to integrate with third-party applications, such as Microsoft Word, Microsoft Excel, QuickBooks, etc
  • Also provides a free trial
  • Available as a one-time payment option
  • Provides support via email and over the phone

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20. ZarMoney

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ZarMoney is a cloud-based accounts receivable software suitable for businesses of all sizes. It includes billing, invoicing, automated accounting, text and email alerts, a customizable dashboard, report creation, etc. Allows users to streamline sales orders and send automated notifications to customers with order status. ZarMoney accounts receivable software allows users to create customizable invoices with a logo and receive payments by accepting credit cards, debit card payments online.

ZarMoney allows users to prioritize tasks, manage customer callbacks, and assign invoice numbers to respective buyers. Enables users to record expenses for every purchase order and initiate batch printing to manage cash flow. Available on a monthly and yearly subscription. It also provides a free trial version.

Key Features:

  • Allows users to integrate with third-party applications, such as Shopify, Stripe, Zapier, Gusto, Mailchimp
  • Enables users to monitor warehouses across multiple locations and maintain sales and purchase histories
  • Allows users to set permissions and determine access for the individuals as per requirements
  • Enables users to create reports to calculate sales taxes and prepare tax filing documents

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21. TopNotepad

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TopNotepad is a cloud-based accounts receivable software designed for businesses of all sizes. It includes invoicing, expense management, payment management, etc. Provides in-built templates that allow users to create customizable invoices and log payments using client lists. TopNotepad accounts receivable software allows users to create custom quotations and estimates and can be converted into invoices with a single click once approved by clients.

TopNotepad allows users to set reminders and enables their customers to make quick payments through several online payment gateways to get paid in time. It also offers a free trial period.

Key Features:

  • Enables users to record expenses, links to specific invoices, and group into custom categories
  • Allows users to upload receipts and store them for future reference
  • Allows users to create and send custom emails to clients directly from the application
  • Also enables users to import leads from CSV files

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22. Clear Books

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Clear Books is a cloud-based accounts receivable software designed for small businesses. It includes fixed asset registers, purchases, sales, reports. Enables users to send automatic payment reminders and supports multiple currencies to create customizable invoices. Clear Books accounts receivable software allows users to create invoices and can be viewed as HTML or saved as pdf files. Enables users to view balance sheets, profit and loss statements, audit logs, etc.

Clear Books allows users to import bank statements and reconcile statements for multiple accounts. Enables users to integrate with third-party applications, such as PayPal, MailChimp, Commusoft, FreshBooks, etc. It also provides a 30 day free trial.

Key Features:

  • Enables users to export invoice data to view in a spreadsheet such as Microsoft Excel
  • Allows users to automate invoicing and save time by setting up recurring invoices
  • Allows users to send reminders to chase overdue debts automatically
  • Also provide a mobile app for iOS and Android

To know more about Clear Books Accounts Receivable Software features and product options, click here to continue.


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23. GnuCash

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GnuCash is an on-premise accounts receivable software designed for small to midsize businesses. It includes balance-sheet creation, multiple currency accounts, vendor management, etc. Allows users to track bank accounts, income, and expenses. GnuCash accounts receivable software enables users to set up recurring transactions and send automated reminders on due dates. Allows users to categorize cash flow and generate a profit and loss report.

Key Features:

  • Supports open financial exchange (OFX) protocol and imports Quicken interchange format (QIF)
  • Available in multiple languages, such as English, French, German, etc
  • Also monitors stock markets and compiles relevant information from online sources
  • Provides a mobile app for iOS and Android

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24. SlickPie

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Image Courtesy – https://www.slickpie.com/

SlickPie is a cloud-based accounts receivable software suitable for small to midsize businesses. It includes financial report generation, sales tax management, late payment reminders, and bank reconciliation. Allows users to record, track, and reconcile income and expenses. SlickPie accounts receivable software also provides in-built templates that enable users to create customizable invoices as per requirements.

SlickPie allows users to set up late payment terms to automatically add late fees to invoices, with the option to charge fees to specific clients only. Integrates with PayPal and Stripe to receive payments from customers.

Key Features:

  • Allows users to send reminders to clients via email automatically
  • Also provides a free version with limited features
  • Provides an in-built automated data entry tool
  • Supports multiple currencies

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25. Quickbooks

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QuickBooks Online is a cloud-based accounts receivable software suitable for businesses of all sizes. Provides a centralized dashboard that enables users to gain insights into organizational performance using key performance indicators (KPIs). Allows users to manage expenses, projects, invoices, etc. QuickBooks Online accounts receivable software enables users to set permissions, assign tasks to individuals, provide access to specific individuals, and collaborate on projects with team members.

QuickBooks Online allows users to syncs business finance into one dashboard where multiple users can view in-depth reports and accounts of the company’s finances. Allows users to capture digital copies of receipts and automatically sort transactions based on categories. Available on a monthly subscription. It also provides a free 30 days trial.

Key Features:

  • Allows users to integrate with third-party applications, such as PayPal, Salesforce, Xero, etc
  • Also provides a mobile app for iOS and Android
  • Enables users to create custom reports and feed on them within the dashboard
  • Enables users to back up data to the cloud for record-keeping

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26. Sunrise

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Sunrise is a cloud-based accounts receivable software designed for small businesses. It includes invoicing, quote management, expense management, bank reconciliation, financial reporting, etc. Allows users to import and categorize all expenses automatically by linking Sunrise to their bank account. Sunrise accounts receivable software enables users to create personalized invoices, set up a recurring schedule, and manage payments. Enables users to generate profit and loss reports, balance sheets, tax summaries, etc.

Key Features:

  • Allows users to send payment reminders to clients via email
  • Provides a mobile app for iOS and Android
  • Allows users to accept payments through multiple channels
  • Also supports multiple currencies.

To know more about Sunrise Accounts Receivable Software features and product options, click here to continue.


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27. Rerun

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Rerun is a cloud-based accounts receivable software suitable for small to midsize businesses. Allows users to set up recurring invoices, track account activity, and generate custom reports with filter options, such as payment activity by a stream, customer, item, etc. Rerun accounts receivable software enables users to send automated reminders to customers via email for pending payments. Allows users to sync customers and sales transactions as payments are processed.

Rerun allows users to provide access to customers to edit saved payment methods and contact information. It also integrates with third-party applications, such as Xero, Quickbooks, AccountEdge, and Slack.

Key Features:

  • Enables users to accept payments from customers via credit card, bank transfer, etc
  • Allows users to set up a recurring stream daily, weekly, monthly, and yearly
  • Enables users to create payment streams to accept payment as per requirements
  • Also provides a free version with limited features

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28. Kashoo

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Kashoo is a cloud-based accounts receivable software for small businesses to automate bookkeeping tasks. Allows users to categorize and reconcile expenses with bank and credit card transactions to provide accurate and real-time reports. Enables users to match the deposits and payments of the customer. Kashoo accounts receivable software also allows users to set up recurring invoices that can save time.

Kashoo allows users to forecast and make decisions with instant insights into monthly and annual expenses, income, etc. Enables users to set permissions and determine access for individuals as per requirements. It also offers a 14 days free trial.

Key Features:

  • Allows users to match a transaction by uploading a receipt
  • Allows users to create customizable invoices
  • Provides a mobile app for iOS and Android
  • Provides Optical Character Recognition (OCR)

To know more about Kashoo Accounts Receivable Software features and product options, click here to continue.


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29. ZipBooks

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ZipBooks is a cloud-based accounts receivable software suitable for small to midsize businesses. Allows users to create customizable invoices with logos, themes, and messages. Enables users to import transactions and generate real-time expense reports automatically. ZipBooks accounts receivable software allows users to create and assign tasks to team members and track performance with an in-built time-tracker. It also provides a free version with limited features.

Key Features:

  • Enables users to create estimates and convert them into invoices once approved by customers
  • Allows users to send payment reminders to a customer via email automatically
  • Allows users to integrate with third-party applications, such as Google Drive, Slack, Asana, etc
  • Also supports multiple currencies

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30. LessAccounting

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LessAccounting is cloud-based accounts receivable software suitable for businesses of all sizes. Allows users to categorize expenses, record expenses, send invoices, etc. Enables users to import address books from Basecamp and Gmail. LessAccounting software allows users to send invoices to customers via email and track payments. Provides in-built templates that enable users to create customizable invoices and set recurring invoices.

Key Features:

  • Enables users to create estimates and convert them into invoices once approved by customers
  • Allows users to create custom reports and filters by a client, date, tags, etc
  • Integrates with third-party applications, such as Stripe, PayPal, Basecamp, etc
  • Also provides a 30 days free trial

To know more about LessAccounting Accounts Receivable Software features and product options, click here to continue.


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31. AvidXchange

AvidXchange-Accounting-Software-1-1024x554
Image Courtesy – https://softwareconnect.com/

AvidXchange is an account payable software suitable for midsize businesses, such as real estate, construction, financial services, etc. It includes invoice submission and tracking, purchase order approval, and customizable workflows. Allows users to scan invoices and submit them via a secure electronic portal. AvidXchange accounts payable software enables the team to review electronically and route invoices based on its current processes with rules and alerts.

AvidXchange allows users to create requisitions for regular purchases. Enables users to import invoices into the system automatically. Enables users to create 50+ standard reports or can create custom reports.

Key Features:

  • Allows users to integrate with third-party applications, such as Acumatica, Blackbaud, Intacct, etc
  • Also enables users to view payment and approval status at any time
  • Enables users to detect duplicate orders before reaching the approval process
  • Allows users to assign invoice search permissions to auditors

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32. Plooto

Plooto-Accounting-Software-1024x659
Image Courtesy – https://www.plooto.com/

Plooto is a cloud-based accounts payable software suitable for businesses of all sizes. It includes customizable approval workflows, recurring payments, pre-authorized debit agreements, etc. Allows users to transform AP services, making them more efficient and streamlined. Plooto accounts payable software enables users to save countless hours on data entry and keeps a full audit trail of all transactions.

Plooto allows users to get payment approvals from assigned approvers from anywhere in the world. Enables users to reconcile invoices and payments automatically and is marked as paid once they receive the payments.

Key Features:

  • Allows users to syncs all invoices and transactions with QuickBooks and Xero
  • Encrypted with the Secure Hash Algorithm 2 (SHA2) SSL certificates
  • Enables users to customize approval and receive real-time notifications on transactions
  • Also provides a 30 days free trial

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33. Roger

Roger-Accounting-Software
Image Courtesy – https://www.roger.ai/

Roger is accounts payable software designed for businesses of all sizes. It includes vendor management, managing purchases and bill payments. Allows users to scan invoices and process payments automatically. Roger accounts payable software also enables users to assign pay due dates automatically and eliminate manual processes. Available on monthly subscriptions and provides support via email.

Key Features:

  • Allows users to integrate with third-party applications, such as Xero, Quickbooks, etc
  • Provides a free trial for iOS and Android
  • Allows users to maintain audit logs for all accounts using performed actions’ history
  • Also provides a free trial

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34. Beanworks

Beanworks-Accounting-Software
Image Courtesy – https://www.beanworks.com/

Beanworks is a cloud-based accounts payable software suitable for businesses of all sizes. It provides better visibility and centralized control throughout the AP process, from purchase orders to payment. Beanworks accounts payable software allows users to eliminate data entry associated with invoice processing, instantly route invoices, and quickly and easily release vendor payments. Allows users to integrate with third-party applications, such as QuickBooks, Sage Intacct, etc.

Key Features:

  • Available in multiple languages, such as English and French
  • Provides a mobile app for iOS and Android
  • Allows users to email and scan invoices for auto-capture
  • Also provides a free trial

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35. Tipalti

Tipalti-Accounting-Software-1024x848
Image Courtesy – https://tipalti.com/

Tipalti is a cloud-based accounts payable software suitable for businesses of all sizes. It includes invoice automation, payment remittance, tax calculations, reporting, payment reconciliation, etc. Allows users to send notifications to clients about invoices and payment statuses automatically. Tipalti accounts payable software enables users to collect W-9 and W-8 US tax forms to withhold payment for non-compliant payees and generates 1099 forms at the end of each year. It also offers a free trial.

Key Features:

  • Allows users to integrate with third-party applications, such as Xero, NetSuite, Paypal, etc
  • Available in 189+ countries
  • Available in 120 currencies and six payment methods
  • PCI and SSAE16 SOC audit certified

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36. Cor360

Cor360-Accounting-Software
Image Courtesy – https://www.slideshare.net/

Cor360 is a cloud-based accounts payable software suitable for small to midsize businesses. It includes an approval workflow manager, payment processor, etc. It is also integrated with procurement and billing functionalities. Cor360 accounts payable software allows users to manage invoices electronically and transform the entire accounts payable process, such as from purchase order generation to making payments.

Cor360 allows users to set up a customizable control where invoices and purchase orders are routed for approval. Enables users to make payments through ACH, Wire, and vCards. It also offers a free trial.

Key Features:

  • Allows users to scan paper invoices and turn them into electronic files
  • Allows users to automate the entire purchase-to-pay cycle
  • Enables users to match invoices to purchase orders and receipt of goods
  • Also available in multi-currencies

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37. MediusFlow

MediusFlow-Accounting-Software
Image Courtesy – https://www.softwaresuggest.com/

MediusFlow is a cloud-based accounts payable software designed for businesses of all sizes. It provides automated invoice workflows, data analytics, visibility into outstanding invoices, and efficiency KPIs. Allows users to control cash, cost, and compliance. MediusFlow accounts payable software enables users to define custom rules for acceptable purchase order deviations for specific suppliers and approvals.

MediusFlow allows users to create a pre-approval purchase model to maintain purchase requisitions, orders, and goods receipts. A mobile-optimized solution that enables users to view and handle invoices from anywhere at any time.

Key Features:

  • Enables users to compare current process KPIs to average and top performer peers for continuous improvement
  • Allows users to integrate with third-party applications, such as SAP, Infor M3, Power BI, etc
  • Enables teams to extract information from multiple sources, such as paper-based, PDF, XML files, etc
  • Allows users to handles automatic coding and routing of invoices

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38. Alto Accounts

Alto-Accounting-Software
Image Courtesy – https://www.softwareadvice.com/

ALTO Accounts is a cloud-based accounts payable software suitable for businesses of all sizes. Allows users to organize workflows to monitor budgets and forecasts and approve, reject, and rework invoices. Enables users to define and flag critical exceptions as needed. ALTO Accounts payable software also allows users to create and run reports n real-time and gain critical insights into team members’ performance.

ALTO Accounts allows users to integrate with financial and document management systems. Enables users to receive payments instantly from clients via Stripe, PayPal, Debit/Credit Cards, etc. It also offers a free trial.

Key Features:

  • Provides in-built templates that allow users to create invoices with logo
  • Allows users to track invoices hourly, daily, weekly, and monthly
  • Available in multiple languages, such as German, French, English, etc
  • Enables users to rate and provide feedback on each transaction

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39. SoftCo

SoftCo-AP-Accounting-Software
Image Courtesy – https://sourceforge.net/

SoftCo is a cloud-based accounts payable software suitable for businesses of all sizes. Allows users to maintain full visibility with detailed spending, budget, and KPI reporting. Enables users to capture all invoices using Optical Character Recognition (OCR) technology. SoftCo accounts payable software provides notifications and reminders of required actions, and signed-off invoices are sent for payment. Enables users to raise a flag for non-exceptional invoices to AP for coding and route to the relevant approver.

Key Features:

  • Allows users to capture and store all paper documents, PDF, and electronic invoices in one place
  • Also allows users to integrate with any ERP system
  • Enables users to delivers intuitive reports on multiple performance metrics
  • Enables users to match invoices against POs and goods receipt

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40. Nexus

Nexus-Accounting-Software-1024x411
Image Courtesy – https://itcdland.csumb.edu/

Nexus is a cloud-based accounts payable software designed for businesses of all sizes. Provides a procure-to-pay solution that takes a 360-degree view of supplier and customer needs. Allows users to track invoices and payments. Nexus accounts payable software also enables users to create purchase orders, send them through approval workflows, validate data, apply business rules, and submit them electronically to suppliers.

Key Features:

  • Allows users to compare budgets to actuals, pull in data from a GL package, and create custom reports
  • Pricing is based on total invoice volume per month
  • Supports multiple payment services, such as credit card, ACH, etc
  • Also provide a mobile app for iOS and Android

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41. Yooz

Yooz-Accounting-Software
Image Courtesy – https://www.getyooz.com/

Yooz is a cloud-based accounts payable software designed for businesses of all sizes. Enables users to automate the entire payable cycle, from invoice approvals to vendor communications. Allows users to extract, scan, and import data from documents distribute it using electronic data interchange (EDI) measures and email. Yooz accounts payable software also enables users to search and retrieve documents using keyword search and multi-criteria search functionality.

Yooz allows users to manage general ledger codes by automatically assign numerals to financial entries. Provides GL coding and PO matching that allows users to approve or reject invoices using smart workflows and prepare and release payments more efficiently. It also provides a 15 days free trial.

Key Features:

  • Allows users to integrate with third-party applications, such as Abila, Checkbook, Deltek, etc
  • Allows users to receive, approve, and reassign invoices at any time
  • Its key performance indicators allow users to gain insight into AP process performance
  • Also provides a mobile app for iOS and Android

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42. SutiAP

SutiAP-Accounting-Software
Image Courtesy – https://www.getapp.com/

SutiAP is an accounts payable software designed for businesses of all sizes. Allows users to capture invoices, multilevel payment approval, and document management. Enables users to match vendor invoices with purchase orders and track discrepancies. SutiAP accounts payable software allows users to use the general ledger (GL) code and eliminate duplicate invoices.

SutiAP enables users to accept payments and track transaction history and status. Allows to set permissions and determine access to individuals as per requirements. Enables users to import and export data automatically.

Key Features:

  • Allows users to integrate with most accounting software
  • Provides a mobile app for iOS and Android
  • Also supports multi-language and multi-format invoices
  • Available on-premise and a cloud-based

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43. AIMSware

AIMSware-Accounting-Software-1024x543
Image Courtesy – https://quickbooks.intuit.com/

AIMSware is an accounts payable software suitable for businesses of all sizes. It includes a vendor portal, project costing, document management, etc. Allows users to manage invoices, create customizable workflows, and route approvals to the correct approver. AIMSware accounts payable software enables users to convert invoices to PDFs and share them with teams, vendors, etc. Allows users to escalate bottlenecks and ensure timely processing and posting of invoices.

Key Features:

  • Enables users to store invoices and retrieve them as per requirements
  • Allows users to integrate with most accounting software
  • Also allows users to link documents into the system for instant access
  • Available on-premise and a cloud-based

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44. Finexio

Finexio-Accounting-Software
Image Courtesy – https://www.getapp.com/

Finexio is a cloud-based accounts payable software suitable for businesses of all sizes. Allows users to eliminate all conflicts in payment delivery and supplier payment acceptance. Finexio accounts payable software provides automation tools to streamline accounting and administrative processes such as invoice scanning, supplier onboarding, approval routing, and payment distribution.

Finexio allows users to perform one-time transactions using virtual account numbers and ensure account utilization. Allows users to share analytical reports and reconciliation data with suppliers or colleagues to improve collaboration.

Key Features:

  • Supports multiple payment methods to generate revenue and cost savings for AP departments
  • Enables users to store & retrieve information from a searchable electronic file
  • Allows users to secure critical data using authorized access and internal audit controls
  • Also allows users to integrate with most accounting software

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45. RapidAP

RapidAP-Accounting-Software-1024x529
Image Courtesy – https://www.efficiencyleaders.com.au/

RapidAP is a cloud-based accounts payable software designed for businesses of all sizes. It includes an invoice library, task lists, discrepancy resolutions, and complex business rules. Provides an automated process to capture data with (AI)-driven OCR functionality. RapidAP accounts payable software allows users to create new groups and set up auto-GL coding for non-PO and regular invoices.

RapidAP allows users to set permissions and determine access to individuals as per requirements. Automatically provides an alert to the user when an error detects such as overpayment/redundant payments.

Key Features:

  • Allows users to store documents, such as expense forms, notes, and invoices for future references
  • Allows users to personalize certain aspects of the system as per requirements
  • Allows users to checks fraud detection, such as GST vendor checks and tax algorithm queries
  • Also enables users to integrate with most ERP software

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46. SnapAP

SnapAP-Accounting-Software-1024x520
Image Courtesy – https://snapap.ca/

SnapAP is cloud-based accounts payable software suitable for businesses of all sizes. It includes purchase orders, delivery receipts, invoice processing, automated accruals, etc. Provides users with a complete procure-to-pay digitized workflow, from requisition to payment management. Provides enhanced access, security, and cash flow visibility. SnapAP accounts payable software allows users to send electronic payment files to the bank to pay suppliers instantly via Internet Banking Transfer (EFT).

Key Features:

  • Enables users to automatically send invoices to the appropriate team members for review and approval
  • Also allows users to integrate with most ERP software
  • Enables users to eliminate late and duplicate payments to improve the audit review process
  • Allows users to see accounts payable liabilities in real-time

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Conclusion

Accounting Software eliminates manual processes and reduces accounts payable workload, human error, and fraud to speed up day-to-day account payable processes. Allows users to manage large volumes of invoices and financial transactions. Enables users to escalate bottlenecks and ensure timely processing and posting of invoices. Accounting Software also provides a mobile-optimized solution that enables users to view and manage invoices from anywhere at any time.

Accounting Software allows users to automate their receivables processes and improve collections. Enables users to manage their customer accounts with detailed information and reporting quickly. Allows users to specify the currency on the invoices. Enables users to create reports and analytics on the status of invoices, payments, customer credit, and transaction history.

Image Courtesy – Photo by Volkan Olmez on Unsplash