Using accounting software is essential for the owners of VSEs and SMEs. It helps determine the financial health of their businesses.
That said, they record and store vital data in order to help owners make the right decisions for good management. This includes accounts receivable, accounts payable and profitability.
However, the choice of accounting software to use is anything but easy! Here is a selection of the 3 best accounting tools out there…
SAGE accounting
SAGE is a software publisher well-known for its all-in-one solutions, offering accounting tools adapted to both small and large companies.
The different versions available
As accounting software, it offers three options: Sage Business Cloud Accounting & Invoicing, Sage 50 Cloud Ciel Compta and Sage 100 Cloud Accounting. Sage 100 Cloud Accounting represents the most recent version in the range, integrating improvements and additional features compared to previous editions.
Key functionalities
This modern tool goes far beyond basic accounting operations. In addition to managing estimates, fixed assets, invoices, credit notes and loans, it enables manual or automatic bank reconciliation. It also supports remote declaration and remote payment for EDI VAT, helping companies simplify and secure their tax obligations. Companies seeking stronger performance monitoring can also connect their accounting data to an Incentive Compensation Management tool, making compensation policies more accurate and financially controlled.
Mobility and accessibility
To adapt to the evolving needs of businesses, SAGE now provides online access to its software, including on mobile devices. This mobility allows users to access their financial data anytime, anywhere, and to collaborate more easily with teams and accountants.
Quikbooks
Quikbooks is gaining popularity among small businesses. This is undoubtedly due to its numerous support services. Indeed, it offers online training resources to sharpen the financial skills of these growing businesses. There are also support forums for those in need.
One of the strengths of Quikbooks is also its dashboard. This is where all financial transactions are summarised. In addition, it can be linked to other applications such as PayPal and Stripe.
ODOO
ODOO is the favourite software of large companies thanks to its wide range of modules and advanced automation capabilities. In addition to its essential accounting features, ODOO offers several services that go much further than simple bookkeeping:
- Creating and sending professional invoices directly from the platform
- Using the software as an online wallet to facilitate fund transfers
- Instantly importing bank statements to keep finances up to date
- Generating automatic reminders when payment deadlines are reached
- Exchanging information smoothly with third parties via integrated communication tools
These features help optimise financial monitoring, simplify communication with clients and suppliers, and reduce the time spent on administrative tasks.