List of accounting software from small to large
Small
Freeagent
Based in Scotland and founded in 2007, helping over 200,000 small businesses, acquired by the NatWest Group in 2018.
| Pros |
Cons |
- Free for Natwest & RBS customers
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- Basic reporting functions
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- Not suited for complex operations
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QuickBooks
US software founded in 1992 offering both on-premises and cloud applications, with over 6.5 million subscribers worldwide.
| Pros |
Cons |
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- Multi-entity support is manual
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- Reporting can be basic without extensions
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- Advanced features may require upgrades
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Xero
New Zealand cloud software founded in 2006, with over 4.2 million subscribers worldwide and over 1,000 apps.
| Pros |
Cons |
- User friendly and easy set up
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- Limited multi-entity support
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- Advanced features may require apps
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- Limited to two tracking categories
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- Basic multi-currency support
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- Limited US specific features
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Medium
Iplicit
English based software launched in 2019 with over 2,000 customers, wining a number of awards.
| Pros |
Cons |
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- Limitations with inventory
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- Open integration capabilities
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- Minor report tweaks often require developer assistance
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- Fast set up (typically 16 days)
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- Custom reports can conflict with built-in functions
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- Offers pivot-style, drill down reporting
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AccountsIQ
Based in Ireland, average support response time of 27 minuets, with customers in 85 countries.
| Pros |
Cons |
- Audit and compliance focused
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- Less third-party integrations compared to Netsuite or Sage intacct
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- Integration with Excel and Power BI for detailed reporting
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- Popular integrations and an open API
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- Sometimes can be slow-down with running speed
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MYOB
Australian software founded in 1991, with over 400 apps. Featuring both accounting and business features.
| Pros |
Cons |
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- Strong inventory management
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- Limited multi-entity support
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- Strong compliance for Australian and New Zealand tax laws
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- Cloud sync can be sluggish and lag
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- Handles multi-employee payroll well
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- Built in inventory management
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- Support can have delays or poor experiences
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Sage Intacct
US software founded in 1999, taken over by Sage in 2017, with over 150 apps available in the UK & Ireland.
| Pros |
Cons |
- Robust multi-entity and currency support
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- Limited for complex manufacturing
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- Advanced automation and reporting
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- A smaller essential version is available
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- Implementation requires planning
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- Limited non-financial modules
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Large
NetSuite
US based software founded in 1998, with 42,000 customers and used in over 200 countries.
| Pros |
Cons |
- Comprehensive ERP solution
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- Good for multi-entity and global operations
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- Requires training for effective use
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- Strong SAAS fit, compliant with ASC 606/IFRS 15
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- Complex to set up and may require developer support
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- Adaptable to business needs without extensive third-party tools
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- Performance issues with large datasets
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- Standard support can be slow, premium costs extra
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Microsoft Dynamics 365
US software operating worldwide, initially released in 2016 with over 58,000 subscribers.
| Pros |
Cons |
- Integrates well with Microsoft products
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- Scalable for growing businesses
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- Customisation may require developer support
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- AI and automation built-in
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- Strong security compliance
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- Fragmented user experience
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SAP
Founded in Germany in 1972, SAP now has a customer base of over 38,000 using the ERP product.
| Pros |
Cons |
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- Requires significant training
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- Implementation can be lengthy
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- Industry-specific solutions
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Sage X3
Founded in 1979 by a French company, taken over by Sage in 2005 with over 5,500 customers in more than 80 countries.
| Pros |
Cons |
- Suitable for complex operations
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- Requires significant customisation
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- Good for manufacturing and distribution sectors
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- Complex and will require training
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- Comprehensive functionality
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- Limited marketplace/add-ons
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- Integrated business intelligence
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