Therefore, choosing accounting software that integrates with various add-ons is crucial. These integrations can expand the software’s primary functionality to cater to the unique needs of the consulting business. After testing, we concluded that Zoho Books works best for independent consultants or consulting firms with up to 10 employees. We like its time-tracking tools, as users can manage multiple projects and create invoices straight from specific projects.

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Furthermore, the software will automatically include the markup charges on the expenses. Additionally, it provides a client portal that allows consultants to share and request clients’ documents easily. Clients can log in bookkeeping for consultants at any time from their device and access and upload documents, reports, and updates related to projects. Another notable feature is that it allows you to compare estimated and actual project costs, which helps determine whether you are over or under budget, something Zoho Books can do as well. What’s more, FreshBooks allows you to accept online payments, create recurring invoices, calculate late fees automatically, and print a list of outstanding invoices.

What is the most user-friendly accounting software currently preferred by industry professionals?

The software also offers bookkeeping automation, receipt https://www.bookstime.com/ capture, and mileage tracking, making it a comprehensive tool for financial management. FreeAgent is a comprehensive accounting software designed to help small businesses and freelancers manage their finances efficiently. The right accounting software must provide financial reporting to help you stay on top of your company’s revenue, profitability, expenses and debt. Stop making decisions in the dark, and creating financial reports based on manual data entry. Instead, let automation lead the way, and get a head start on your financial analysis to make this time-consuming, but highly necessary task, a more efficient one. Its user interface was completely revamped recently, making it one of the easiest platforms to navigate.

• It lacks essential bookkeeping features like bank reconciliation and income and expense tracking.
• You can also download the tool to your mobile devices to track time on the go.
• Small businesses and startups use it to streamline their bank accounts and business finances, ensuring accurate records.
• This helps you save time in reconciling your bank and credit card accounts.
• Odoo offers a free, open-source Community edition without any licensing fees.
• Its mobile app ensures consultants can handle their financial matters even on the go.

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• Its interactive custom report writer relies on a drag-and-drop interface rather than coding expertise.
• FreeAgent is a comprehensive accounting software designed to help small businesses and freelancers manage their finances efficiently.
• Mobile accounting solutions offer a comprehensive suite of features optimized for smartphones and tablets, allowing consultants to stay productive and make informed decisions.
• FreshBooks is often praised for its intuitive interface and ease of use, making it a preferred choice among professionals who value simplicity in their software solutions.
• Shoeboxed is an expense & receipt tracking app that helps you get reimbursed quickly, maximize tax deductions, and reduce the hassle of doing accounting.
• However, it took a major hit in pricing because it can get expensive as you add more users.

Each plan includes a certain number of users, with the option to add more for a small fee, making it competitive in terms contra asset account of price and user access. Though the lower-level plans are limited in terms of inventory control, the Standard plan includes 10 custom reports and up to 5,000 invoices per annum. Streamline key functions of your financial operations and workflow with Sage’s advanced functionality.

These companies pride themselves on implementing specific software solutions in specific environments. They generally offer customizations or add-ons for a generic product that will make it more in line with what the business expects on a day-to-day basis. QuickBooks Online includes extensive integrations and invoicing capabilities.

• You can set their limits and enable users to manage some, or all, of Xero’s capabilities.
• To allow you to focus on running your business, accounting software exists and has become a very popular option for small businesses.
• Consulting businesses often require unique processes and systems to operate effectively.
• Sage Business Cloud Accounting is a scalable accounting solution designed to grow with your business needs.
• We’ve been testing and reviewing accounting software for consultants since 2023.