5+ Best Accounting Software for Retail Stores and Businesses

Image of author Nick Cotter
Newfoundr
accounting software for retail
March 13, 2023
-
10
min read

Whether you own a retail store, family business, or a large corporation, accounting can be one of the most challenging tasks of running any business. But with the right accounting software, you can streamline this time-consuming process and spend that extra time on growing your business and expanding your customer base. We’ve narrowed down the top five accounting software solutions that are perfect for retail stores and businesses of all sizes.

Who is the best Accounting Software For Retail?

The Best Accounting Software For Retail of 2023:

Here’s our shortlist of the best accounting software for retail I'm ranking through our extensive research and use:

  1. ZipBooks
  2. Sage Intacct
  3. Microsoft Dynamics GP
  4. Odoo
  5. FreeAgent

Our Review of the Best Accounting Software For Retail:

Here is our list of the best accounting software for retail:

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ZipBooks

Newfoundrz's Software Review:
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4
out of 5

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
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Sage Intacct

Newfoundrz's Software Review:
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4.2
out of 5

Sage Intacct is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Order management
  • Revenue management
  • Project accounting
  • Efficient financial management and reporting for mid-sized businesses
  • Advanced order and revenue management
  • Powerful vendor and project management
  • Higher pricing for advanced features and customization
  • Steep learning curve for some users
  • Limited integration options with other software
Pricing for Sage Intacct 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
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  • Stripe
  • Slack
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Microsoft Dynamics GP

Newfoundrz's Software Review:
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4.3
out of 5

Microsoft Dynamics GP 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
  • Financial management
  • Inventory management
  • Project management
  • HR and payroll
  • Robust accounting and financial management
  • Efficient inventory management and order processing
  • Advanced HR and payroll management
  • Steep learning curve for some users
  • Higher pricing for advanced features and customization
  • Limited mobile app capabilities
Pricing for Microsoft Dynamics GP starts at $70/month and moves up to $100/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:
$70/month
Pricing Plan 2:
$100/month
  • Expensify
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Odoo

Newfoundrz's Software Review:
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4
out of 5

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
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FreeAgent

Newfoundrz's Software Review:
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4.2
out of 5

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
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Software Rankings:
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Important Features to Look For in Accounting Software For Retail:

Accounting Software For Retail Pricing Comparison Table:

Platform Free Trial? Pricing #1 Pricing #2
ZipBooks true $15/month $35/month
Sage Intacct true Custom Custom
Microsoft Dynamics GP true $70/month $100/month
Odoo true $31.10/month $46.80/month
FreeAgent true $0/month $24/month

Accounting Software For Retail Rating Comparison Table:

Software Customer Support Performance Value Total Product Rating
ZipBooks 4.1 4 4 4
Sage Intacct 4 4.5 4 4.2
Microsoft Dynamics GP 4.2 4.5 4.1 4.3
Odoo 4 4 4 4
FreeAgent 4.5 4 4 4.2

Is accounting software necessary for retail stores and businesses?

Can retail businesses benefit from using QuickBooks?

How can retail businesses benefit from using accounting software?

Can you give an estimate of the cost of bookkeeping software, and what features does it offer for bank reconciliation, expense tracking, or generating financial statements?

Factors we use to Rank Accounting Software For Retail:

Newfoundr

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We're newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.