When it comes to bookkeeping software application, the bookkeepers around the globe agree that QuickBooks is their first choice, particularly when it is on a hosted network. In addition, they also consider Sage One and Xero as efficient bookkeeping applications. There are a number of factors that actually decides as to which one among the three applications is best for bookkeeping.
The volume of your business plays a significant role in deciding the best bookkeeping and accounting application. Another interrelated criterion is the number of employees working at a particular location. You might be looking for an application where it is comparatively easier to enter transactions faster. Probably, one with an efficient bank feeds related features.
Explore the Best Bookkeeping Application for Accountants & SMBs
Since Bank Feeds and Reports are the most utilized features of any bookkeeping application, let’s mention the top bookkeeping applications offering best features in these areas.
It is important to mention that when it comes to bank feeds, all three bookkeeping applications offers quite similar features. A bit different layout differentiates the functionality offered by all three applications; but you will find a basic similarity while browsing these bookkeeping apps.
Let’s talk about reporting! Well, Sage One and Xero offers standard reporting features but there are few facts that makes them not must efficient options when it comes to reporting. Despite offering numerous reporting features, these tools lacks the ability to customize reports.
What makes these bookkeeping apps different?...
A latest update made to the Xero will allow you to move things around the reports as well as creating sections customized to your basic requirements.
The limitation with reporting in Xero is that despite providing smooth and sophisticated features, it does not provide some of the most basic features. It does not offer advanced features associated to account details and explore records by name.
On the contrary, Sage One totally lacks the ability to customize reports; however, standard reporting features are quite awesome. One important feature ‘Uncleared transactions’ is proved to be significant for bookkeepers and accountants
Features that makes QuickBooks the best option among Bookkeeping apps…
QuickBooks is a superior option when it comes to reporting as it offers some exclusive and advanced features. It is comparatively easier to customize reports as well as to browse, gather and found required information.
Undoubtedly, QuickBooks is the best bookkeeping and accounting software application as it allows finding out valuable information in few simple steps. It is one of the most utilized applications among accountants in small, medium and large sized business set-ups.
To sum up, it can be concluded that though QuickBooks software offers a number of extensive features and is efficient in terms of functionality and attributes, the decision on which bookkeeping application businesses must utilize solely depends upon specific business needs. However, in a study it is analyzed that although Xero and Sage One are efficient bookkeeping apps, but QuickBooks has gained an accelerated popularity in recent years.