Top 7 Accounting Software Options for Small and Medium Businesses

If you're managing a small or medium-sized enterprise in the US, choosing the right accounting software is essential for streamlining your financial operations. Many options are available, offering features such as invoicing, payroll, expense management, financial reports, and tax handling. Selecting the perfect software requires thorough research to ensure it aligns with your business requirements and enhances efficiency.

Deltek Costpoint
If your business involves government contracting, Deltek Costpoint stands out as an excellent accounting tool tailored to meet your unique needs.

This platform supports various project management and accounting functions, helping you track payable and receivable accounts, generate invoices, monitor expenses, and manage fixed assets efficiently.

Microsoft Dynamics 365
For integrated business management, Dynamics 365 offers comprehensive features including billing, invoicing, budgeting, financial reporting, and lead generation, providing robust support for your accounting needs.

Account Management Suite
This software manages payables, receivables, bank reconciliations, general ledger, and payroll. It also simplifies updating old bank statements and streamlines overall financial management.

Neat Small Business Solutions
Ideal for companies with frequent monthly transactions, Neat Small Business Solutions organizes transaction data, manages expenses, and handles tax requirements—making busy tax season stress-free.

SlickPie
This free online platform caters to small businesses with features such as online invoicing, billing, bank reconciliation, expense tracking, and sales tax management. Its automation tools include payment reminders, recurring invoices, and receipt data entry, simplifying daily financial tasks.

Arithmo
Arithmo automates tax calculations and manages bank accounts for freelancers and small business owners. Its functionalities include tracking payables and receivables, invoicing, and reconciliation, with premium upgrades available for advanced features.

Passport Business Solutions
This comprehensive back-office system supports mid-sized companies, especially in distribution and retail sectors. It assists with general ledger, payroll, and tax management, facilitating smooth business operations.

These software options can be purchased online or through local branches. Some solutions are free, so it's advisable to evaluate which best suits your financial management needs.