As a financial services and wealth manager, staying on top of your accounts is essential for success. With the right accounting software, you can accurately track your finances, stay organized and make informed decisions. The good news is that there are many powerful options available to choose from. In this article, we'll outline the 5+ best accounting software for financial services and wealth managers to help you make the best choice for your business.
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ZipBooks is a cloud-based accounting software aimed at small businesses. It includes features such as invoicing and expense tracking.
- Invoicing
- Invoicing
- Expense tracking
- Financial reporting
- Time tracking
- User-friendly platform with AI-powered automation
- Comprehensive financial reporting and analytics
- Streamlined payment processing and invoicing
- Limited customer support options for some plans
- Limited customization options for certain features
- Limited mobile app capabilities
Pricing for ZipBooks starts at $15/month and moves up to $35/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$15/month
Pricing Plan 2:
$35/month
- Trello
- PayPal
- Google Drive
Odoo is an open-source accounting software that includes features such as invoicing, expense tracking, and inventory management. It is primarily aimed at small businesses and includes various other business tools.
- Invoicing
- Invoicing
- Expense tracking
- Inventory management
- Financial reporting
- Open-source platform with modular design for customization
- Comprehensive financial and project management
- Advanced CRM and eCommerce capabilities
- Steep learning curve for some users
- Limited customer support options
- Some users may find the interface too complex or cluttered
Pricing for Odoo starts at $31.10/month and moves up to $46.80/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$31.10/month
Pricing Plan 2:
$46.80/month
- Shopify
- Gmail
- FedEx
AccountMate is desktop accounting software aimed at small to medium-sized businesses. It includes features such as payroll and inventory management, along with various other accounting features.
- Invoicing
- Accounting and financial management
- Payroll
- Inventory management
- Job costing
- Comprehensive accounting and financial management
- Advanced job costing and manufacturing management
- Robust inventory and order management
- Higher pricing for advanced features and customization
- Limited cloud-based capabilities and mobile access
- Limited integration options with other software
Pricing for AccountMate starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
- Dropbox
- Zapier
- Avalara
Xero is a revolutionary cloud-based accounting software that has transformed the way businesses manage their finances. With its user-friendly interface and comprehensive suite of features, Xero makes it easy for businesses of all sizes to manage their accounting processes efficiently and effectively.
One of the standout features of Xero is its invoicing tool, which allows businesses to create professional-looking invoices that are fully customizable with their branding. The tool also enables businesses to set payment terms and automate payment reminders, reducing the risk of missed payments and improving cash flow.
Xero's inventory management feature is another standout tool that allows businesses to track their stock levels, sales, and purchase orders in real-time. With this feature, businesses can make informed decisions about inventory, avoid overstocks or shortages, and streamline their supply chain management processes.
Payroll processing is a critical function for businesses, and Xero makes it simple with its payroll feature. The tool automates payroll calculations, including employee salaries, taxes, and deductions, saving businesses time and ensuring compliance with relevant tax laws and regulations.
- Bills & Expenses
- Invoicing
- Inventory management
- Payroll
- Bank reconciliation
- User-friendly interface for small business owners
- Extensive third-party app integration
- Advanced inventory management
- Higher pricing for advanced features and multi-currency support
- Some users may find the interface too simplistic or lacking in advanced features
- Limited mobile app capabilities
Pricing for Xero starts at $13/month and moves up to $70/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$13/month
Pricing Plan 2:
$70/month
- HubSpot
- Stripe
- Shopify
FreeAgent is a cloud-based accounting software aimed at freelancers and small businesses. It includes features such as invoicing and expense tracking.
- Invoicing
- Invoicing
- Expense tracking
- Financial reporting
- Project management
- User-friendly platform for freelancers and small business owners
- Simplified project and time management
- Easy tax filing and compliance
- Limited customization options for certain features
- Higher pricing for advanced features and multi-user support
- Limited mobile app capabilities
Pricing for FreeAgent starts at $0/month and moves up to $24/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$24/month
- Dropbox
- Salesforce
- Google Drive
