The Best Small Business Accounting Software in 2024: Review and Comparison

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Discover the best business accounting software for you available today. We selected these options based on their key features, pricing, and popularity.

In the ever-evolving landscape of small business management, having the right accounting software tailored to your specific needs is paramount to success. With different types of desktop accounting software for small business coming out every day and promising lucrative features, it can be a hard task to stay focused. While making the decision, you must make sure the accounting software you are purchasing is compatible with your existing system.

Research indicates that three-quarters of large U.S. firms now use Apple-based digital products in their operations. However, small businesses are not far behind. More than 57.8% of small and medium businesses (SMBs) are ready to integrate Mac-based systems into their workflow.

As a result, the demand for efficient, Mac-compatible accounting solutions continues to rise. Small business owners using Mac systems are seeking intuitive and feature-rich software to streamline financial processes, from invoicing to expense tracking. In this blog post, we delve into the realm of desktop accounting software for small businesses designed explicitly for Mac users, conducting a comprehensive review and comparison of the top contenders in 2024.

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In an era where efficiency and accuracy are paramount, the right small business accounting software for Mac can be a game-changer for small businesses. It’s not just about balancing the books; it’s about leveraging technology to optimize financial workflows, enhance reporting capabilities, and ultimately drive strategic decision-making.

The current market, however, is practically saturated with an overwhelming number of accounting software options. But how do you choose the right one for your business? Which software can give you the best value for your money? Which one has the best features to enhance your business processes? Where would you find the best deals? These are some of the pressing questions you must ask before you make a decision. And as expected, it would require thorough research on your part because you need to choose a small business accounting software Mac users will benefit from—not just any accounting software!

To save you the hassle, we have carefully curated a detailed comparison of the best small business accounting software for Mac. All you need to do is read the reviews carefully and figure out which software fits your needs perfectly. And then, subscribe and enjoy flawless accounting and bookkeeping services to grow your business further. So, without further ado, let’s jump in.

1. Wave

Rating: 4.5

Wave is the best software for business owners, like sole proprietors and freelancers, who need an online accounting service and may want a little room to grow. Integrated payroll and double-entry accounting support make it a potential option for small businesses with a few employees, though there are better choices for those companies. And because it has a simple user interface, even financial novices could use it.

Wave is one of only two online accounting services that you can use for free unless you need payroll and payments, which you do have to pay for. Wave follows standard accounting rules and is especially skilled at invoicing and transaction management. It’s one of the cleanest, most understandable business services available. It supports multiple currencies and has a smart selection of features for very small businesses. It doesn’t have a dedicated time-tracking tool, comprehensive mobile access, or inventory management, though.

  • Free for those who don’t need payments or payroll
  • A smart selection of features for very small businesses
  • Excellent invoice and transaction management
  • Great dashboard
  • Multicurrency support
  • Sparse record templates
  • Invoice customization could be stronger
  • Lacks full-service payroll for several US-state-supported formats
  • Slim feature set on mobile apps

Verdict: Best for small businesses with less than 9 users.

2. Zoho Books

Rating: 4.5

Zoho Books is a smart online accounting software solution designed to help businesses streamline their back-office operations, automate business workflows, and securely collaborate with accountants online. It is designed for all business sizes, from small businesses to large enterprises, and can be used by service, consulting, and marketing companies. The accounting solution offers a range of features, including cash flow management, invoicing, one-off or recurring invoice generation, balance sheet management, inventory management, purchase order management, expense tracking, automated workflow creation, and much more. While it’s at least as capable as some of the best of its competitors, Zoho Books is surprisingly affordable, and it even has a free version.

Zoho Books is the small business accounting element of Zoho’s ecosystem of productivity applications. Your accounting data can be tightly integrated with numerous related apps and functions, like CRM, customer service, and email. Zoho Books’ usability, flexibility, and depth in standard bookkeeping areas (sales and purchases, time and project tracking, and inventory management) equal and sometimes surpass what’s offered by competitors. Overall, Zoho Books is best for businesses that use some of Zoho’s other applications, but its appeal isn’t limited to such cases. We also recommend it to 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 will be welcomed by companies with more advanced needs.

  • Depth and flexibility in every module
  • Multiple sales and expense form types
  • Excellent, customizable reports
  • Exceptional support options
  • Integration with SurePayroll
  • Great mobile app
  • May be too complex for some small businesses
  • Time tracking must be tied to projects
  • No inventory assemblies
  • Limited pool of accountant partners

Verdict: The best accounting software for large businesses. Small and medium businesses can also benefit from its wide range of features and seamless integration.

3. FreshBooks

Rating: 4.5

If you are a service-based business, FreshBooks is designed for you. Small businesses could use it for basic money management, like sending invoices, monitoring financial accounts, accepting payments, and tracking income and expenses. More complex companies can add advanced tools that include projects and proposals, mileage and time tracking, and reports.

We recommend FreshBooks, especially for sole proprietors and companies with perhaps an employee or two—though it’s capable of handling more. FreshBooks’ good looks and simplicity are deceptive. FreshBooks is actually a full-featured, double-entry accounting system that happens to offer an exceptional user experience. It has won numerous PCMag Editors’ Choice awards for these reasons. FreshBooks is one of the first accounting options a small business should consider because it’s intuitive enough for novice bookkeepers to learn but supports all the elements that a larger business would need, including payroll.

  • Delightful user experience
  • Context-sensitive settings
  • Team collaboration and time-tracking tools
  • Inventory tracking
  • Automatic mileage tracking on mobile apps
  • Some dashboard deficits
  • Limited invoice customization
  • Minimal onboarding help

Verdict: The best software for business owners looking for a simple yet comprehensive accounting tool.

Rating: 4.5
Accounting Quickbooks

QuickBooks Online is a cloud-based accounting solution perfect for businesses of any size. It is the perfect accounts payable software small business owners can leverage to manage their accounting, income, expenses, payroll, and more. No additional software is required as all accounts are viewed via the online login portal, with custom feeds and charts, custom invoice creation, ‘Pay Now’ buttons, and mobile websites, all with auto-synchronization. The native mobile apps for Android and iOS facilitate on-the-go sales receipt capture, expense tracking, cash flow management, account balance tracking, time tracking, transaction review, purchase order management, client communications, and more.

Intuit QuickBooks Online has been the small business accounting service to beat for many years. It puts highly effective accounting functionality into an exceptional user experience. The service stands out because it’s easily customizable, comes in multiple versions with hundreds of add-on apps, and offers better mobile access than most rivals. Intuit QuickBooks Online, however, is expensive, so it’s most appropriate for small businesses with a technology budget. It’s easy enough for an inexperienced bookkeeper to learn but feature-rich enough that a more demanding user can make use of its advanced accounting tools. Because it’s so customizable and user-friendly, it would appeal to a wide variety of business types.

  • Excellent user experience
  • Dual-screen dashboard
  • In-depth contact records and transaction forms
  • Numerous customizable reports
  • Supports projects, payroll, and many add-ons
  • Great mobile apps
  • Expensive
  • Confusing toolbar
  • Online support could be better

Verdict: The best accounting software for small business with inventory.

5. Xero

Rating: 4.3

Xero has emerged as a game-changer in the realm of cloud-based financial management for businesses. Launched in 2006, this New Zealand-based desktop accounting software for small businesses has garnered widespread acclaim for its user-friendly interface, robust features, and seamless integration capabilities. Xero caters to a diverse range of businesses, from startups to established enterprises, providing comprehensive tools for invoicing, expense tracking, payroll, and more. Its accessibility from any device with an internet connection makes it a flexible choice for businesses on the go.

From a user’s perspective, Xero stands out for its intuitive design and user-friendly interface. Navigating through various financial tasks becomes a breeze, even for those without extensive accounting backgrounds. The platform’s real-time collaboration feature is particularly noteworthy, allowing multiple users to work simultaneously and facilitating smoother teamwork. The dashboard provides a clear snapshot of financial health, and the ability to customize reports ensures businesses can extract the precise insights they need.

  • Ease of use
  • Real-time collaboration
  • Integration capabilities
  • Automated processes
  • Mobile Accessibility
  • Pricing
  • Learning curve

Verdict: An ideal solution for businesses looking to scale their operations.

6. Sage

Rating: 3.9

Sage Accounting Software has long been a stalwart in the realm of business finance solutions, known for its robust features and user-friendly interface. Aimed at small and medium-sized enterprises (SMEs), Sage offers a comprehensive suite of accounting tools designed to simplify financial management. From invoicing and expense tracking to detailed reporting, Sage caters to the diverse needs of businesses. Let’s delve into the features, user experience, and overall performance of Sage Accounting Software in this in-depth review.

The user experience with Sage Accounting Software is marked by its intuitive design and ease of use. Navigating through the various modules is a seamless process, making it accessible for both accounting professionals and those with limited financial expertise. The dashboard provides a snapshot of key financial metrics, allowing users to stay informed at a glance. Creating and sending invoices is a breeze, and the software’s automation features streamline repetitive tasks, saving valuable time for businesses.

Sage’s real strength lies in its robust reporting capabilities. Users can generate detailed financial reports, track expenses, and gain valuable insights into their business performance. The integration of bank feeds enhances accuracy by automating the reconciliation process. However, some users have reported a learning curve when customizing certain features, especially for those transitioning from other accounting platforms.

  • Comprehensive Features
  • User-Friendly Interface
  • Robust Reporting
  • Bank Feed Integration
  • Learning Curve

Verdict: A reliable and feature-rich Mac small business accounting software solution for small to medium-sized businesses.

7. Quicken

Rating: 4.5

Quicken, a household name in personal finance management, has established itself as a versatile accounting software solution. Originally designed for personal use, it has evolved to cater to small businesses and freelancers, providing a comprehensive suite of tools for financial tracking and management. With features ranging from expense tracking to budgeting and investment management, Quicken has aimed to be an all-in-one financial hub. This review will delve into its capabilities, ease of use, and overall effectiveness, offering insights into how well it serves the accounting needs of small businesses.

Quicken impresses with its user-friendly interface and intuitive design, making it accessible even for those with limited accounting knowledge. The software offers a robust set of features, including the ability to link bank accounts, credit cards, and investment accounts, providing a real-time overview of your financial landscape. The categorization and tagging options facilitate detailed expense tracking, while the budgeting tools empower users to set and monitor financial goals effectively.

The reporting capabilities of Quicken accounting software are commendable, offering customizable reports that provide deep insights into income, expenses, and overall financial health. The ability to generate tax reports simplifies the tax preparation process, saving valuable time for small business owners. However, some users may find the learning curve steeper when venturing into more advanced features, and occasional syncing issues with certain banks have been reported.

  • Comprehensive Financial Overview
  • User-Friendly Interface
  • Robust Reporting Features
  • Tax Preparation Simplified
  • Learning curve for advanced features
  • Syncing Issues

Verdict: A valuable tool for managing personal and business finances.

8. Oracle NetSuite

Rating: 4.7