Sole traders and self-employed individuals have special accounting needs that require specific tools and software. Finding the right accounting software can mean the difference between staying in the black and being overwhelmed by red ink. To help you keep your finances in check and your business running smoothly, here are five of the best accounting software packages available today for sole traders and self-employed individuals.
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
- Stripe
- Avalara
OneUp is a cloud-based accounting software aimed at small to medium-sized businesses. It includes features such as invoicing, inventory management, and financial reporting, along with various other accounting features.
- Invoicing
- Financial management
- Inventory management
- Invoicing
- Payment processing
- Comprehensive financial, inventory, and payment management
- Advanced CRM and project management
- Automated invoicing and payment processing
- Higher pricing for additional users and advanced features
- Limited customization options for certain features
- Limited customer support options
Pricing for OneUp starts at $9/month and moves up to $169/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:
$9/month
Pricing Plan 2:
$169/month
- Stripe
- Shopify
- Xero
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
Acumatica 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
- Inventory management
- Order management
- Project accounting
- Unified platform for financial, inventory, and order management
- Robust project and CRM management
- Flexible and scalable customization
- Steep learning curve for some users
- Higher pricing for advanced features and customization
- Limited customer support options for some plans
Pricing for Acumatica 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
- Salesforce
- Dropbox
- Zapier
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
- Expensify
- Stripe
- Slack
