Money Advice

11 Best Online Accounting, Bookkeeping & Invoicing Software

Today’s freelancers, work-at-home mother and father, and small-business house owners have extra selections than ever in terms of accounting and bookkeeping companies. Gone are the times once you wanted to gather receipts in a shoebox and ship them to knowledgeable bookkeeper every month.

Many accessible cloud-based accounting and bookkeeping purposes are simple to make use of and cheap — maybe even free — for companies of all sizes. However, wading by the options of every application looking for the proper bookkeeping answer will be daunting if you happen to don’t know what you might be searching for.

How to Determine Your Bookkeeping Needs

Given the huge array of choices, it’s vital to find out your wants earlier than trying to pick out the most effective bookkeeping app. So think about these questions earlier than reviewing the accessible choices:

  • How many billable purchasers or prospects does my business have, and what number of whole invoices do I generate every month?
  • What is my month-to-month bookkeeping price range?
  • Is a cloud-based bookkeeping app the best choice for me, or am I extra snug with a downloadable choice?
  • Does my business require different purposes or integrations, akin to buyer relationship administration, payroll, scheduling, e-commerce, stock administration, or time monitoring?
  • Do I would like invoicing choices in multiple forex?
  • Do I would like an app that accepts cost by test, PayPal, Stripe, Venmo, direct deposit, and bank card?
  • How many customers — together with my staff and third events like my tax skilled — want entry to the software?
  • Do I would like customizable templates to incorporate my company header, or is a preset template okay?
  • How snug am I with accounting and bookkeeping terminology?
  • What different options do I require in an internet bookkeeping app?

When reviewing bookkeeping and accounting apps to your business, notice people who most intently meet your necessities. If you may’t discover the proper invoicing or accounting bundle, search for one with add-on choices, akin to simple integration with different purposes or the choice to extend the variety of customers for an extra cost.

Also, consider your consolation with accounting. Some bookkeeping and accounting apps require familiarity with accounting and bookkeeping terminology, whereas others don’t.

Multicurrency Online Bookkeeping Options

In at the moment’s international atmosphere, the demand for multicurrency billing is rising. These choices swimsuit companies that serve purchasers worldwide.

1. Kashoo

Currently utilized in greater than 180 international locations, Kashoo permits multicurrency invoicing and instantly exhibits you the trade rate impression.


  • Integrates with a number of different purposes, together with FreshBooks for invoicing, Square for point-of-sale monitoring, Stripe for bank card processing, and several other payroll apps.
  • Automatically pulls transactions out of your financial institution feed and types them into the appropriate expense classes. According to Kashoo, they hook up with over 5,000 banks and credit score unions.
  • Supports over 100 international currencies with each day trade rate downloads and a number of tax jurisdictions.
  • Includes a test printing choice.
  • Supports project value monitoring.
  • Allows you to customise the design and format of invoices.
  • Free assist by way of e-mail, cellphone, and chat. You also can schedule a 30-minute name to get assist with setup.


  • You must be snug inputting monetary transactions, reconciling your checking account, and have a primary grasp of bookkeeping terminology.
  • Doesn’t enable automated bill reminders.
  • No dashboard for visualizing key efficiency indicators (KPIs) and business efficiency.
  • No app for Android customers.


  • ActuallySmall Invoices. If all you want out of your bookkeeping application is to create and ship invoices, Kashoo presents ActuallySmall Invoices. This free model gives customizable bill templates for PDF, Word, and Excel. Then you may ship and monitor invoices and acquire funds by way of bank card or direct deposit.
  • ActuallySmall Accounting. This bundle prices $20 per thirty days, and it’s an excellent choice for very small companies. With this model, you may ship invoices, settle for funds, monitor revenue and bills, and create primary stories. However, it doesn’t combine with payroll purposes, so it isn’t an excellent choice for companies with staff.
  • Kashoo. For $30 per thirty days, Kashoo presents all of the options of ActuallySmall Accounting, plus multicurrency assist, test printing, stock monitoring, project value monitoring, and payroll integrations.

Both ActuallySmall Accounting and Kashoo provide a free 14-day trial as a way to attempt the application out for your self.

2. Xero

Xero is an in depth and complete accounting software program geared to worldwide small companies and freelancers.


  • Bank feeds imply you may import and categorize financial institution statements, bank card accounts, and PayPal, Stripe, and TransferWise info robotically, which is a large time saver. Over 100 banks globally hook up with Xero.
  • Supports greater than 160 currencies in its Established plan.
  • Updates overseas trade charges hourly.
  • Mobile-friendly interface and apps for Android and iOS.
  • Dashboard shows account balances, excellent invoices, unpaid payments, and whole money in versus whole money out.
  • Integrates with greater than 800 third-party apps, together with Gusto for payroll, HubSpot for buyer relationship administration, for paperless receivables payables, and Harvest for time monitoring.


  • If you aren’t accustomed to accounting and bookkeeping acronyms and phrases, Xero could also be overwhelming.
  • Support is out there over e-mail or DIY by way of the web site’s intensive assist articles and movies. There’s no choice to get dwell assist for pressing points over cellphone or chat.


Xero presents three totally different month-to-month plans:

  • Early. For $11 per thirty days, you may ship as much as 20 invoices per thirty days, enter 5 payments, reconcile financial institution transactions, and seize payments and receipts with Hubdoc.
  • Growing. For $32 per thirty days, you get the entire options of the Early plan, however with limitless invoices and payments.
  • Established. For $62 per thirty days, you get the entire options of the Growing plan, plus multicurrency assist, project monitoring, and the flexibility to handle worker expense stories.

No matter which Xero plan you select, integrating with Gusto for payroll prices an additional $39 per thirty days. All packages provide a free 30-day trial with no bank card required.

See our Xero evaluate for extra info.

3. Invoicera

invoicera logo

Based in India, Invoicera is well-suited to small to midsize companies with international companies and prospects.


  • If one of many packages doesn’t meet your business’s wants, paid add-on companies and integrations present additional flexibility to customise your on-line bookkeeping expertise.
  • Currently supporting greater than 120 totally different currencies, Invoicera presents invoices in 11 languages and 30+ cost gateways.
  • The 30-day free trial and free Starter plan don’t require a bank card.
  • Additional time monitoring options can be found.
  • All plans allow you to automate recurring bills and late cost reminders and customise and schedule invoices.
  • Invoicing app accessible for iOS and Android.


  • Help is simply accessible by submitting a assist ticket on-line or by way of chat. However, the chat characteristic seems to be offline throughout business hours within the Western Hemisphere. No buyer assist is out there by way of cellphone or e-mail.
  • Doesn’t provide dwell financial institution feeds, so customers need to spend extra time coming into transactions and classifying bills.


Invoicera options 4 totally different month-to-month plans:

  • Starter. The free choice helps as much as three purchasers. The options included on this plan are broad for a free plan. They embrace automating bills and late cost reminders, limitless time monitoring, shopper and vendor portals, multicurrency and language assist, and customizable bill scheduling.
  • Pro. The $15-per-month Pro plan presents the entire options of the Starter plan however helps as much as 100 purchasers. You also can add a consumer profile for one workers member and require bill approvals.
  • Business. The $29-per-month Business plan will increase the purchasers to 1,000 and permits you to add as much as 10 extra customers.
  • Infinite. The $149-per-month Infinite plan contains limitless purchasers and workers members. It additionally permits you to create batch PDF information.

You can save 20% off the value of a Pro, Business, or Infinite plan by choosing an annual subscription.

Full-Service Online Accounting Apps

Full-service cloud accounting apps present accounting, bookkeeping, time administration, and buyer relationship administration packages in varied packages. They swimsuit bigger companies and people requiring extra detailed and customised invoicing than most.

4. Quickbooks Online

Quickbooks Online has 4 totally different plans to select from — not together with any of its on-premises options. With over 7 million prospects globally, Quickbooks Online presents just about each accounting and bookkeeping choice a small business wants.


  • Runs on Windows or Mac working programs.
  • Supports tons of of add-ons and integrations.
  • Apps for Android and iOS have built-in mileage monitoring and will let you categorize journeys as both business or personal miles simply.
  • Users can take a photograph of receipts with the app, and QuickBooks will robotically match and categorize the transaction.
  • Features a built-in quarterly tax calculator to assist small-business house owners understand how a lot money they should put aside for taxes.
  • Customers will pay on-line by their bill by way of bank card, debit card, or ACH.
  • Built-in payroll options will let you handle accounting and payroll in a single place.


  • One of the costlier choices on the market.
  • Auto-categorization of financial institution transactions isn’t very correct, so you might must take a while to evaluate and categorize bills.
  • Features like payroll, time monitoring, bank card cost processing include an additional month-to-month charge.
  • There are many discussion board and weblog complaints about poor customer support. Phone assist is simply accessible Monday by Friday from 6am to 6pm Pacific time and Saturday from 6am to 3pm.


Small business house owners can select from Quickbooks Online’s 4 month-to-month packages. They all provide free 30-day trials.

  • Self-Employed. The $15-per-month Quickbooks Self-Employed plan permits you to monitor revenue and bills, digitally seize and set up receipts, estimate quarterly taxes, ship invoices, settle for funds, monitor miles and run primary stories. However, this restricted model of Quickbooks Online is just for sole proprietors who file a Schedule C.
  • Simple Start. For $25 per thirty days, the Simple Start plan presents all of the options of Quickbooks Self-Employed, plus money circulate administration options, the flexibility to ship estimates to prospects, monitor gross sales tax, and handle 1099 contractors.
  • Plus. The $70-per-month Plus bundle presents all of the options accessible in Simple Start, plus time monitoring, the flexibility so as to add as much as 5 customers, project profitability monitoring, and stock monitoring.
  • Advanced. Running $150 per thirty days, the Advanced bundle presents all of the options of Plus however permits you to add as much as 25 customers. You also can customise every consumer’s entry in accordance with their function within the company. It additionally contains business analytics instruments, batch bill and expense processing, and the flexibility to automate sure workflows. Advanced customers additionally get entry to a devoted assist group and on-demand on-line coaching.

If you need assist establishing your company file from a bookkeeping professional, Quickbooks on-line fees a $50 charge for a one-time session. Adding payroll processing to your subscription additionally comes with an extra charge, starting from $45 to $125 per thirty days, plus $4 to $10 per worker every month, relying on the extent of payroll and HR options you select.

Quickbooks Online usually has a promotion providing 50% off your subscription for 3 months, so it can save you some money by signing up throughout a promotional interval.

5. Freshbooks

Canada-based FreshBooks is a complete bookkeeping and time monitoring system utilized by prospects in over 160 international locations.


  • Pleasant and easy-to-use interface.
  • Available as a cellular app for Android and iOS.
  • Built-in time and mileage monitoring
  • Includes collaboration and group administration instruments.
  • Fast and useful buyer assist is out there by way of cellphone or e-mail.
  • Users can monitor bills, time, and billing and settle for funds by way of bank card or financial institution switch.


  • Eliminated the free model for very small companies and freelancers.
  • Payroll options are solely accessible for an extra month-to-month charge by Gusto.
  • Adding extra customers prices $10 per particular person per thirty days, which might enormously improve the price of your subscription if you happen to want a number of staff utilizing the software.
  • Very little setup or onboarding assist.
  • Limited choices for customizing your dashboard or invoices.


  • Lite. The Lite model of FreshBooks prices $15 per thirty days and permits you to ship limitless invoices to as much as 5 purchasers. You also can monitor bills, ship shopper estimates, monitor gross sales tax, and settle for funds by way of bank card and financial institution switch.
  • Plus. The Plus bundle prices $25 per thirty days and provides customers entry to 50 purchasers. It additionally permits you to arrange recurring billing and shopper retainers and monitor mileage utilizing the cellular app for iOS and Android. The Plus plan additionally options double-entry accounting as a way to print a steadiness sheet and accounts receivable stories. You also can invite your accountant to entry your account.
  • Premium. The $50-per-month Premium plan contains all of the options of the Plus plan however helps an infinite variety of purchasers, monitoring accounts payable, and project profitability. It additionally presents extra customization for e-mail templates and e-mail signatures.
  • Select. The Select plan is for companies with extra complicated wants. FreshBooks will customise pricing to satisfy your wants. It contains all of the Premium options, plus a devoted account supervisor, assist migrating your accounting from one other software platform, and the flexibility to take away FreshBooks branding out of your shopper emails. You additionally get entry to decrease bank card transaction charges.

FreshBooks usually presents promotional pricing for brand new customers. Currently, the FreshBooks pricing page presents 60% off for six months, plus 10% off the annual subscription. Adding extra customers will value you an extra $10 per particular person per thirty days.

See our FreshBooks evaluate for extra info.

Basic Online Invoicing Apps With Time Tracking or CRM Features

Often, home-based business house owners or small-business enterprises don’t want all of the options of a full accounting application. They require primary invoicing options and only one or two extras, akin to time-tracking or buyer relationship administration options.

Here are a number of easy choices that received’t overwhelm novice customers:

6. Harvest

Harvest offers time tracking with online invoicing as an added feature.


  • Time tracking app is available for both Android and iOS.
  • Allows you to bill clients for time spent working or a flat fee per project, plus bill for mileage, travel expenses, and other costs.
  • Includes team management features that allow you to see how people are spending their time.
  • Integrates with a variety of other apps, including Asana, PayPal, Salesforce, and Slack.


  • Not suited to product-based business.
  • Limited reporting capabilities.
  • If you need more than a couple of users, the monthly cost is more expensive than many competitors for the services offered.


Harvest offers two monthly plans:

  • Free. The free plan has no time limit, but it’s limited to one user (referred to as “seats” in Harvest) and two projects.
  • Pro. For $12 per month, you get an unlimited number of projects. However, each additional user costs $12 per month, so if you needed to track time for you and two contractors, the monthly cost would be $36 per month.

Harvest offers a free 30-day trial, and you can get 10% off by paying annually rather than monthly.

7. Square Invoices

Square Invoices offers a great all-in-one invoicing and payment processing solution that provides your customers with several payment options.


  • Very easy to use with a well-organized interface.
  • Allows customers to pay your invoices via credit or debit card, Apple Pay, Google Pay, check, cash, ACH bank transfer, or gift card.
  • Send unlimited invoices and estimates for free, and only pay for processing when you accept debit or credit card payments.
  • Integrates with many other e-commerce apps, including Wix, WooCommerce, WordPress, and BigCommerce.
  • Payments can be transferred to your bank account as soon as the next business day or instantly for an additional fee.


  • Limited customization of invoices.
  • No multicurrency support.


Square Invoices is different from its competitors in that you can send unlimited invoices and estimates for free. You only pay for processing when a client pays by debit, credit, or ACH. There is no fee for accepting payments via check or cash.

Currently, the processing fees are:

  • 2.9% + $0.30 per invoice paid online by card
  • 1% of the transaction for ACH payments (subject to a $1 minimum per transaction)

8. Zoho

Zoho is a great option for small to medium-sized businesses that need to invoice clients in multiple languages.


  • Unlimited invoices and estimates.
  • Easy to use.
  • Supports invoicing in 14 languages.
  • You can save a customer’s credit card information in Zoho and charge them automatically.
  • Built-in time-tracking features.
  • Zoho allows you to bill clients for reimbursable expenses.
  • Mobile app for Android and iOS.


  • Not a good option for businesses with inventory because it doesn’t integrate with Zoho Inventory.
  • Limited integrations with other apps.
  • Adding modules like accounting, inventory, customer relationship management, and expense tracking comes with additional fees.


  • Free. The free version of Zoho Invoices supports one user and allows you to invoice up to five customers. It also features time tracking, customizable invoice templates, multicurrency support, and a customer portal.
  • Basic. The Basic plan costs $9 per month and includes all the Free plan features but supports one user and up to 50 customers.
  • Standard. For $19 per month, you can upgrade to the Standard plan, which allows three users and 500 customers. It also integrates with Twilio, a cloud-based communication platform.
  • Professional. The $29-per-month Professional plan includes all the Standard plan features but supports 10 users and unlimited customers. You also get a custom domain, which looks more professional when customers pay invoices via the customer portal.

9. Invoice2go

Invoice2go makes it easy for business owners on the go to create and send invoices via their mobile devices.


  • Robust mobile app available for Android and iOS.
  • Send invoices via email or text.
  • Includes time tracking and appointment features.
  • Highly customizable invoice templates.
  • Offers a basic client portal where clients can go to view and pay invoices.


  • Lacks features often included in invoicing apps, included project management tools.
  • Limited integrations.
  • No bank feeds, meaning you have to enter reimbursable expenses and assign them to invoices manually.
  • Expensive for the limited features it includes.


Invoice2go offers four pricing plans:

  • Lite. For $5.99 per month, you can send up to 50 invoices to five clients and accept payments via credit card, PayPal, Apple Pay, and Google Pay.
  • Standard. The Standard plan costs $9.99 per month. It supports up to 200 invoices to 25 clients. It also includes time and expense tracking.
  • Advanced. For $23.99 per month, the Advanced Plan includes all the Standard plan features but supports 400 invoices, 100 clients, and two users.
  • Unlimited. For $39.99 per month, you get unlimited invoices, clients, and users. You also get access to phone support, which isn’t available to lower-tier plans.

Invoice2go offers a free 30-day trial for all plans and discounts of up to 50% if you pay annually rather than monthly.

Free Online Bookkeeping

While many online accounting and bookkeeping applications offer a 30-day free trial, or in some cases a basic free monthly option, these apps are completely free.

10. Wave Accounting

A Toronto-based firm, Wave Accounting targets home-based businesses, work-at-home parents, freelancers, real estate agents, and other small businesses with few staff members.


  • Double-entry accounting features such as journal entries, balance sheets, a general ledger, and income statements.
  • Connects to unlimited bank and credit card accounts so that transactions will appear in your bookkeeping software automatically.
  • User-friendly interface and navigation tools.
  • Multicurrency support.
  • Run multiple businesses in one account.


  • Limited invoice customization options.
  • No dedicated time-tracking features.
  • The mobile app (available for iOS and Android) offers limited functionality.
  • Accepting credit, debit card, and ACH payments incurs fees.
  • Payroll features aren’t as robust as other solutions and come with a minimum monthly fee of $20, plus $6 per employee and $6 per independent contractor per month.

11. Akaunting

Another completely free app based in Turkey, Akaunting presents quite a lot of built-in options for small companies.


  • Easy-to-use interface you need to use on a computer, pill, or cellphone.
  • Available in 48 languages.
  • Integrates with varied third-party purposes for buyer relationship administration, e-commerce, stock administration, project administration, and time monitoring.


  • No cellular app.
  • Support is simply accessible by way of e-mail — not by way of cellphone or chat.
  • Many prospects have posted on-line opinions complaining about bugs, poor customer support, and insufficient report writing options.

Final Word

Life is so much simpler for small-business house owners who use cloud-based accounting software. You don’t have to purchase costly software, obtain it to your computer, and buy costly upgrades.

Whether you’re a freelancer or a small-business proprietor with a number of staff, you will discover something from primary invoicing to extra complicated accounting platforms that combine with different apps you utilize in your business.

Remember, technology and software change shortly, particularly cloud-based software, so be sure you go to the seller websites on to get essentially the most present characteristic and pricing info earlier than selecting the most effective one to your business.

And don’t really feel overwhelmed by the alternatives. Decide what options you completely will need to have, determine your price range, and spend a while researching your choices.

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