20 Best Business Accounting Apps

Overview of an Accounting App

Mobiles and mobile-specific apps have become an integral part of our lives. A variety of facts can be understood from the data that more than 218 billion mobile apps were downloaded in 2022. Forecasts estimate there will be 258 billion app downloads globally in 2024. The number has grown by leaps and bounds since then. The ease and around-the-clock access to the service that mobile apps render to their users are truly commendable, and it is one of the chief reasons behind such immense mobile apps. Today, no walk of our personal and business life is untouched by the charisma of mobile apps. One such crucial mobile app area is the financial accounting app which has made accounting easy and accurate even for non-accounting personnel.

What is an Accounting App?

An accounting app is a mobile interface that helps individuals manage their banking and finances from the comfort of their homes. A product of technological advancement, it indeed speeds up accounting and makes it more accurate and precise. Whether you are a small business or an individual, you can easily carry out your accounting operations using a basic accounting mobile app. It supports or supplements a buyer’s licensed accounting software that makes operations available on the go. When you buy your accounting software, some service providers offer personal accounting for free to increase the utility of the leading software. Businesses use small business accounting to perform almost every function from their data-driven devices like mobile phones and tablets. It makes operations easy and hassle-free.

Why do You Need an Accounting App?

Accounting is one such operation that needs to be performed with so much diligence without any delays. On top of it, it is too time-consuming as well. Hiring an accounting resource team is costly unless you are a big enterprise. However, a small business accounting can easily save your neck from those hefty hiring costs. This simple step helps you at various levels, some of which major ones are mentioned below.

1. It Reduces Operational Costs by Two Folds

If you are a small business or startup, you may not afford a whole team of accounting professionals to look after your accounts. This is where an accounting mobile app comes into the picture. With its easy and impressive user interface, you can efficiently perform daunting accounting tasks such as managing expenses, raising a sale request, or creating an invoice without any professional assistance. You can manage your accounts on your own. That way, you save millions on your operational cost.

2. Work From Anywhere

Are you struggling hard to send timely invoices? Are you facing the wrath of a deadline? If the answer is “Yes,” we suggest using a financial accounting app. With its help, you and your team should not be bound to your office desk to work. It allows you to work from anywhere. Even remote location work is possible. Reconciling bank transactions using a mobile accounting is easy.

3. Data Storage is Easy

In addition, its aid in easy data access is genuinely commendable. When you have all your accounting data available at your fingertips, you can perform your accounting operations efficiently. You can have your business contact details readily available.

What Features Should an Accounting Mobile App Have?

Accounting is a vast area with many interrelated areas. To handle them with ease, you need to have a lot of resources. When you choose small business accounting, you need to look out for some features to make them the best fit. Here is a list of some accounting mobile app features that are must-haves.

1. Invoicing

Invoicing is one of the essential features of any personal accounting app that helps a business to create a persona, customized, and professional bills. Using this feature, you can easily edit any invoice theme, payment terms, and branding details in your invoices without any hassles. Online invoice is also an easy and secure process with this feature.

2. Inventory

Inventory control is now a hassle-free operation with the help of the inventory feature of your basic accounting mobile app. This feature offers you quick CVS templates for your inventory spreadsheet that are easy to use and understand. You can create quick inventory quotes and invoices using this feature.

3. Dashboard

You can easily monitor your cash flow, create customized reports, and get all the banking and credit card details over your screen using the dashboard feature of your accounting app. The informative dashboard improves the productivity of your accounts team by two folds. This feature allows you to track and monitor a specific part of your business and maintain uniformity in action and performance.

4. Bank Reconciliation

This finance accounting app feature turns bank reconciliation easier than ever before. It imports and exports your daily bank transaction details without being much hassle, lets you recreate code-based invoicing, and reconciles a heap of transactions over a single click.

5. Bank Connection

Use this feature to have all your bank connections available over a single click. You can easily view transaction history, automate the transaction flow process, and get available bank feeds.

6. Reporting

Reporting is a feature of your basic accounting mobile app that allows users to get instant financial reports daily. With its easy drag-and-drop facility, you can make edits to your blocks and formulas. Using this feature, you can also calculate and compare two reports' data.

7. Taxing

Managing your taxes is more accessible than ever before with the help of a personal accounting app. You can easily add your tax rates and record sales taxes in your transactions. You can add multiple tax components to your transactions over a single swipe.

6. Pay Bills

this feature allows you to schedule payments as per your availability. You can also add multiple bills in single transactions and save time and effort. Personal accounting will also notify you of your due payments on time and help you pay them on time.

Factors to Consider Before Buying an Accounting App

As we all know, the accounting mobile app is the spine of every small to medium-scale business; one must pay attention to certain factors before buying it.

1. Easy Interface

You will use your accounting for every bank transaction, it must have an easy interface. Make sure that the app is user-friendly, should consume low space, and should be very responsive. The layout should be impressive enough to use.

2. Compatibility with Your Mobile Platform

Usually, personal accounting mobile apps come with different mobile platform support. Apps with Apple, Android, and Windows platform compatibility are some of the common examples. When you are buying your accounting mobile app, make sure that it should be compatible with your mobile. For example, if you have a smartphone that supports the Android platform, you should buy an account for android only.

3. Impeccable Loading Time and Performance

What is using such a small business accounting mobile app that takes ages to download? Fast loading time and great performance are two factors that one should consider while buying a basic accounting mobile app. The more responsive the app is, the more you will utilize it.

4. Customer Support

No matter how good your accounting mobile app is, you will have some or other queries about it. Plus, customer support should be able to guide on some particular features as not every user is equally mobile-friendly. Thus, your banking app must have responsive and responsible customer support to handle all your queries.

Mobile Accounting App Trends that Need to Understand

Mobile accounting has gained much significance in the present day. The main reason behind such success and eminence of this tool is its great usability and easy operations. While you will use it for your daily accounting functions, here is a list of some of the key trends ruling over the Accounting Mobile App industry.

1. Bank Reconciliations and Invoice Generation

It is the most used function of the best Accounting Mobile App - accounting mobile app users take the help of this innovative tool for functions like bank reconciliation and invoice generation. Most users believe that the personal accounting is a great help in these two operations that save time and effort to a great extent.

2. Poor Interface and Data Import/ Export

Poor interface and data import/ export are two certain factors that put customers off - Though finance accounting is a great help on the personal banking front, there are some areas where it puts off a customer instantly. A majority of mobile app users complain that they start finding small business accounting useless if it has a poor interface and data import/export capability. In addition, a non-intuitive interface and lack of critical functions are also other factors that lead to dislike.

3. Active Users

26-45 years old are the most active users - Mobile accounting is most famous among the 26-45 years old. They are the most active users of personal accounting.

4. Improve Productivity

It increases the productivity of small businesses by 25% - As per Forbes, mobile accounting can increase the productivity of small-scale and medium-level businesses by 25%. After using a small business accounting app, businesses can quickly improve the productivity and performance of their accounting team. Mobile accounting is the future. With the help of an Accounting Mobile App, businesses of all sorts can easily enhance their visibility and performance by manifolds. So, choose it today.

Best Accounting Apps to Watch Out

1. Zoho Books App

Zoho Books is cloud-based smart accounting software for small businesses. It's one of the best Accounting software for Mac, iOs, and Android, and it is useful for a lot of finance-related operations. The app is powerful, versatile, and offers most integrations.

Customer Support: Email, phone, tickets, tutorials.

Pricing: Starting at $9/month.

Features:

• Accounts Payable
• Accounts Receivable
• Bank Reconciliation
• Billing & Invoicing
• Expense Tracking
• Government
• Project Accounting
• Purchase Orders

2. TallyPrime App

Tally software is an on-premise accounting and financial management tool. Small-sized groups or entrepreneurs benefit the most out of it. The app is compatible with all the platforms, and its deployment can be web-based, installed, or SaaS. The app is efficient and accurate with the facility of various integrations.

Customer support: Email, phone, tutorials.

Pricing: Starting at $25/year.

Features:

• CRM
• Distribution Management
• Inventory Management
• Purchase Order Management
• Reporting/Analytics
• Supply Chain Management

3. HDPOS Smart App 

HDPOS smart accounts is a highly qualified web-based solution for accounting and finance-related tasks. There are a lot of useful features with a wide range of integration. The app is efficient and accurate with a user-friendly interface.

Customer Support: Phone, Email, tutorials.

Pricing: Starting from $18.64/month.

Features:

• Financial Reporting
• Bank Reconciliation
• Expenses
• Tally Transfer
• Ledgers
• Built-in Accounting

4. MProfit App

MProfit is a professional accounting solution for your business. It is capable of managing and processing large amounts of data quickly. The accounting features are excellent, and the application has a desktop and a mobile version. Moreover, the tool offers a lot of useful integrations to help you even more.

Customer Support: Email, Phone, tutorials.

Pricing: Starting at $43.17/year.

Features:

• Dividend Payout
• Dividend Reinvestment
• Interest Income
• Capital gains
• Balance Sheet
• Profit/Loss Statement
• Trial Balance reports

5. Book Keeper 

BookKeeper is a widely-used accounting app with a lot of useful features. It is mainly beneficial for mid-sized and small-sized organizations. The app is user-friendly and compatible with all the platforms.

Customer Support: Email, phone, SMS, live support, tutorials.

Pricing: Starting at $60/year.

Features:

• Safe & Secure
• Easy Invoicing
• GST Ready
• Tally™ Compatible
• Comprehensive Reports
• Multi-User
• Orders/Estimates/Quotes
• Receipts & Expenses
• Inventory Management, Warehousing, Barcode

6. FreshBooks App

Freshbook accounting software came as a boon for start-ups and entrepreneurs due to its high efficiency and affordable price. The tool is efficient and versatile with all the basic and the advanced features. It is compatible with Windows, Mac, iOS, and Android.

Customer Support: Email, phone, live support, tickets, tutorials.

Pricing: Starting at $13.50/month.

Features:

• Accounts Receivable
• Bank Reconciliation
• Billing & Invoicing
• Expense Tracking

7. QuickBooks App

QuickBooks is the perfect tool for accounting at an affordable price. The app is versatile and has over 80 partner apps. So, different integrations are assured. Besides, the tool gives accurate reports and has an easy user-interface.

Customer Support: Email, phone, tickets, tutorials.

Pricing: Starting at $21.58/year.

Features:

• Accounts Payable
• Accounts Receivable
• Bank Reconciliation
• Billing & Invoicing
• CPA Firms
• Expense Tracking
• Fixed Asset Management
• Nonprofits
• Payroll Management
• Project Accounting
• Purchase Orders

8. Bill.com App

Bill.com is an accounting solution provider that is widely used by all the types and scales of companies. It comes equipped with all the necessary and many advanced features. The app provides a variety of integration to make your tasks easier.

Customer Support: Email, Phone, Live Support, tutorials.

Pricing: Starting at $49/month.

Features:

• Accounting Management
• Activity Dashboard
• Automatic Notifications
• Billing & Invoicing
• Data Import/Export
• Expense Tracking
• Multi-Currency
• Third Party Integration

9. Merrchant

Description: Merrchant Accounting Software is the perfect combination of impressive and efficient accounting. The tool is supported on all platforms from Mac to Android. It offers various integrations with all the useful features, and above all, it is user-friendly.

Customer Support: Email, Phone, tutorials.

Pricing: Starting at $144/recharge.

Features:

• Accounts Payable
• Accounts Receivable
• Bank Reconciliation
• Billing & Invoicing

10. BUSY Accounting App

BUSY accounting software is a powerful tool for managing accounts and finance for every size of business. It incorporates all the basic features of accounting software. The software provides a desktop and a mobile version for iOS, Windows, and Android.

Customer Support: Phone, Email, Fax, Helpline, tutorials.

Pricing: Starting at $240/user.

Features:

• Production / Bill of Material
• Sales / Purchase Quotations
• Fully User-configurable Invoicing
• GST Invoicing & Reports
• TDS & TCS
• MIS Reports & Analysis

11. OnTheClock App

OnTheClock is a cloud-based employee time clock system that tracks hours worked and automatically generates time cards. This system integrates with a variety of payroll providers including QuickBooks, Xero, Thomson Reuters, and more. It is conveniently accessible from desktops, tablets or mobile devices. A free mobile app is also available in Google Play and The App Store. Services are free to Accountants where they have the ability to add sub-accounts for their clients.

Customer Support: Phone, email, tickets, live chat, live demo, tutorials.

Pricing: Free for small businesses with 2 employees or less, 3 or more employees starts at $7.50/month for all three.

Features:

• Payroll & Project reporting
• Timecard calculations
• Payroll integrations
• Geo-fencing and GPS
• Overtime & PTO tracking
• Tips, bonuses & commissions reporting
• Biometric/Fingerprint options
• IP restrictions
• Mobile app