Top 5 Accounting Softwares

There are many accounting software’s which are used for inventory tracking, invoice tracking, expense tracking, preparation of financial reports. But some of them which are most popular and easy to use are given below.

  • FreshBooks

FreshBooks is an accounting software which starts in 2004 in Toronto city. It has subscription-based products which includes. (invoicing, financial reporting’s, payrolls, Accounts payables, receivables, inventory tracking, expense tracking and many more. Nowadays its mostly used in Canada and some European countries also.

  • QuickBooks

QuickBooks is an accounting software which introduced in 1983 by the first time by scout cook and tom Proulx in California USA. The initial QuickBooks did not function as double entry accounting package. After 2000 it starts its proper packages system QuickBooks is more popular among small medium enterprises which includes (invoicing, track sales profits and expenses payroll and track your sales tax the important thing about you can add more uses at the same time.

  • Xero Software

Xero is an accounting software company which was introduced by Rod Drury and Hamish Edwards in Wellington during 2006. Its cloud-based accounting software and mostly focused on small medium businesses. Xero software is used more than 180 in all over the world. In April 2018, the company has announced that it has more than 2 million subscribers all over the world.

  • Sage Software

Sage is an accounting software founded by David Goldman in 1981 in Newcastle. Its focus on small medium enterprises. The sage software was proper launched in 1984 and the company first listed in London stock exchange in 1989 and in 2000 sage shares named best performing shares companies in UK business.

  • Wave Accounting

Wave is an accounting software founded in 2009 in Canada. The number of employees is 205. It is a company which provides double entry accounting tool. Their main services are invoice tracking systems, expense tracking systems, chart of accounts and payroll services.

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