{"id":26422,"date":"2025-05-06T20:03:29","date_gmt":"2025-05-06T20:03:29","guid":{"rendered":"https:\/\/envoice.eu\/?p=26422"},"modified":"2025-12-24T13:31:28","modified_gmt":"2025-12-24T13:31:28","slug":"how-to-choose-the-right-accounting-software-for-your-business","status":"publish","type":"post","link":"https:\/\/envoice.eu\/en\/blog\/how-to-choose-the-right-accounting-software-for-your-business\/","title":{"rendered":"How To Choose The Right Accounting Software For Your Business"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Choosing the right accounting software is an important decision, and one that\u2019s not easily made. Also, the sheer number of accounting software providers competing in the market can be mind-boggling.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019re likely asking: <\/span><i><span style=\"font-weight: 400;\">How can I make this process of selecting accounting software easier on the whole company?\u00a0<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">When there are so many choices, you need a way of getting to a shortlist quickly. We understand that. So, let\u2019s get right down to it, with our top criteria for evaluating accounting software.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">3 Top criteria for choosing accounting software<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Here are our top three suggestions for choosing the right accounting software.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">1. Identify your top accounting tasks<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Tempting as it may be, going straight to the best accounting software reviews might not be the greatest way to start your journey. You likely are evaluating accounting software in the first place because you want to streamline financial management processes for your company. In that case, the starting point is identifying your top accounting tasks.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Why is this the number one priority?<\/span><\/i><span style=\"font-weight: 400;\"> Not all the leading accounting software providers offer the same technology and functionality. Some are experts at pre-accounting <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/automation\/\"><span style=\"font-weight: 400;\">automation<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/expense-reports\/\"><span style=\"font-weight: 400;\">expense management<\/span><\/a><span style=\"font-weight: 400;\"> (Envoice), some at accounts payable (Tipalti), others at accounts receivable, invoicing, and payroll (QuickBooks Online), while still others are inventory management gurus (Sage).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, suppose your top priority is <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/automation\/\"><span style=\"font-weight: 400;\">pre-accounting automation<\/span><\/a><span style=\"font-weight: 400;\"> (getting invoices, bills, and receipts scanned and accurately categorized to the correct accounts). In that case, it\u2019s likely because you are suffering under the weight of manual data entry, human error, and inefficiencies that you\u2019re looking for a modern accounting software to help you deal with this.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, if you\u2019re snowed under with invoice processing, <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/workflow\/\"><span style=\"font-weight: 400;\">workflow approval<\/span><\/a><span style=\"font-weight: 400;\"> bottlenecks, and late vendor payments, then you need accounting software features that specifically target and address these issues.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-26423 aligncenter\" src=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-01.jpg\" alt=\"Businessman pondering software options\u2014illustrating how to choose the right accounting software for your business\" width=\"800\" height=\"533\" srcset=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-01.jpg 800w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-01-300x200.jpg 300w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-01-768x512.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/>\n<span style=\"font-weight: 400;\">Here\u2019s a list to help you take stock of your most important accounting tasks:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do you want to cut down on <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/automation\/\"><span style=\"font-weight: 400;\">manual data entry<\/span><\/a><span style=\"font-weight: 400;\"> and human error in your invoice processing workflow?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Are you spending too much time manually creating and chasing <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/invoicing\/\"><span style=\"font-weight: 400;\">invoices<\/span><\/a><span style=\"font-weight: 400;\">?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Are payroll and contractor payments eating into valuable time and causing tax compliance worries?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Are you struggling to handle transactions in multiple currencies and across international clients?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Are you finding it impossible to consolidate financial data across locations and business units?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do you wish there were an easier way to track expenses, reimburse employees, create spending budgets, and <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/expense-reports\/\"><span style=\"font-weight: 400;\">create expense reports<\/span><\/a><span style=\"font-weight: 400;\">?<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Are you looking for a way to ensure accurate tax deductions?<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">2. Cloud-based accounting software vs. desktop accounting software<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Does it seem strange that this should make it to second place on the list of top criteria?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It shouldn\u2019t.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Desktop and cloud software can vastly differ in their features and functionality, and knowing which one you need is a key consideration. It will impact how you work, where you work, what data can be shared, and how easily <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/collaboration\/\"><span style=\"font-weight: 400;\">your team can collaborate<\/span><\/a><span style=\"font-weight: 400;\">. Let\u2019s explain.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Online accounting software (cloud-based)<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">It used to be that only large corporations with their own services could benefit from cloud services, but today that\u2019s all changed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cloud accounting software market has grown exponentially in recent years and will continue to do so with a compounded growth rate of 9.9% per annum until 2029. [1] This market has levelled the playing field substantially, and now even small businesses are using cloud accounting software.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-26425 aligncenter\" src=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-02.jpg\" alt=\"Cloud-based dashboard showing analytics\u2014representing how to choose the right accounting software for your business\" width=\"800\" height=\"533\" srcset=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-02.jpg 800w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-02-300x200.jpg 300w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-02-768x512.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/>\n<span style=\"font-weight: 400;\">Cloud accounting software solutions run through a secure web browser and\/or <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/mobile-app\/\"><span style=\"font-weight: 400;\">mobile app<\/span><\/a><span style=\"font-weight: 400;\">. You pay a monthly or annual subscription fee, and depending on the package you choose, you get a certain number of features. This works on a \u2018buy only what you need\u2019 model, and allows top accounting software providers to offer top accounting systems at affordable prices.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">The benefits of online accounting software:<\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Access from anywhere in the world for as many users as you need.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Off-site<\/span><a href=\"https:\/\/envoice.eu\/en\/features\/archive\/\"><span style=\"font-weight: 400;\"> data storage<\/span><\/a><span style=\"font-weight: 400;\"> reduces the need for on-site filing and safety cabinets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic backups and updates to the software (no more purchasing new software licences every few years).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Real-time data collection and visibility. Through the use of a dashboard, you get the most important financial data as it\u2019s being processed, and check on your company\u2019s financial health consistently.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Share access with team members, accountants, auditors, and tax consultants by setting up <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/admin-controls\/\"><span style=\"font-weight: 400;\">admin controls<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Powerful integration capabilities allow sync between all your systems. This eliminates the need for manual data entry into multiple apps.\u00a0<\/span><\/li>\n<\/ul>\n<p><i><span style=\"font-weight: 400;\">One major concern about using cloud-based accounting software is data protection<\/span><\/i><span style=\"font-weight: 400;\">. Since they hold your sensitive financial data, there is a risk of cyberattacks and security breaches. This concern is not unfounded, but the best-known service providers are acutely aware of this facet of their business and use the latest in cyber protection systems.\u00a0<\/span><\/p>\n<h5><span style=\"font-weight: 400;\">How your financial data is protected by online service providers<\/span><\/h5>\n<p><span style=\"font-weight: 400;\">Your company\u2019s financial data is protected by a number of security protocols. When reviewing your software shortlist, speak to the provider and ask them about their compliance with the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data encryption using algorithms like AES-256 makes it unreadable without proper keys and offers robust security measures.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/System_and_Organization_Controls\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SOC1\/SOC2\/SOC3<\/span><\/a><span style=\"font-weight: 400;\"> compliance, which ensures strict standards around data security, processing integrity, and privacy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ISO\/IEC 27001 certification shows that the provider has a systematic and risk-based approach to managing sensitive data.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Multi-factor authentication adds an extra layer of protection to log-ins and access to your business finances.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitoring of data centers and disaster recovery in the event of a security breach.<\/span><\/li>\n<\/ul>\n<h4><span style=\"font-weight: 400;\">Desktop accounting software<\/span><\/h4>\n<p>&nbsp;<\/p>\n<h4><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26427\" src=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-04.jpg\" alt=\"Professional analysing tools on dual monitors\u2014visualising how to choose the right accounting software for your business\" width=\"800\" height=\"533\" srcset=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-04.jpg 800w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-04-300x200.jpg 300w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-04-768x512.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/h4>\n<p><span style=\"font-weight: 400;\">For some companies, this is the only option for using basic accounting software, even though it is becoming less and less popular. Desktop software requires you to purchase a one-time licence, which gives you access to downloadable software.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Desktop software benefits:<\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tight control over the business\u2019s financial data and the security thereof. For some companies, it&#8217;s vital that their financial data is protected under layers and layers of security, encryption, and passkeys. You can think along the lines of governmental organizations and financial institutions.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The smooth operation of financial processes and the retention of historical data when no cloud-based conversion is available.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduced accounting software cost as it doesn\u2019t attract a monthly or annual subscription fee.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Desktop software is still a viable option for companies that need a tightly controlled IT environment, have unstable internet access, or have on-site accounting teams with no need for further collaboration.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">3. Intuitive interface<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Why is this important? Because any software is only as good as your ability to navigate through all its functions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A cluttered, difficult-to-navigate, and outdated interface will affect your experience of the software. Let\u2019s face it &#8211; every software user wants a system that\u2019s so easy to use, it almost does the work for them. <\/span><i><span style=\"font-weight: 400;\">This is where a <\/span><\/i><a href=\"https:\/\/app.envoice.eu\/desktop\/user\/register\"><i><span style=\"font-weight: 400;\">free trial<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> comes in handy.<\/span><\/i><\/p>\n<h4><span style=\"font-weight: 400;\">Why is a free trial so valuable?<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Most leading accounting software providers offer a free trial, and you should absolutely take advantage of it. In fact, we would go as far as to say that you can\u2019t decide on the right accounting software for business without taking it for a test drive.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-26429 aligncenter\" src=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-03.jpg\" alt=\"Team collaborating on laptops\u2014demonstrating how to choose the right accounting software for your business.\" width=\"800\" height=\"533\" srcset=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-03.jpg 800w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-03-300x200.jpg 300w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-03-768x512.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/>\n<span style=\"font-weight: 400;\">Get your most critical and least experienced team members together and let them work through the trial, testing how it responds to your most important workflows and tasks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This hands-on experience will:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allow you to test whether it\u2019s a user-friendly interface responsive to real-life scenarios.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Help you evaluate different features and how they apply to your internal processes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Give you an idea of how the software will handle automated invoicing, tracking expenses, inventory tracking, and payment processing.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provide you with insight into how it will depict your company\u2019s financial performance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identify frustrations, confusing workflows, errors in categorization, confusing menus, and other deal breakers.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assist you in testing its ability to scale for future growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provide you with an idea of how it will integrate with your other accounting tools.\u00a0<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/app.envoice.eu\/desktop\/user\/register\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">TEST DRIVE ENVOICE<\/span><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">Comparison of the most popular accounting programs<\/span><\/h2>\n<table style=\"border: 2px solid;\">\n<tbody>\n<tr style=\"border: 2px solid;\">\n<td style=\"padding: 10px; border: 2px solid;\"><b>Accounting solution<\/b><\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><b>Best For<\/b><\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><b>Top 3 Features<\/b><\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><b>Monthly Pricing<\/b><\/td>\n<\/tr>\n<tr style=\"border: 2px solid;\">\n<td style=\"padding: 10px; border: 2px solid;\"><a href=\"https:\/\/envoice.eu\/en\/product\/\"><span style=\"font-weight: 400;\">Envoice<\/span><\/a><span style=\"font-weight: 400;\"> (cloud-based)<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">Small- and medium-sized companies<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Accounting firms<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pre-accounting automation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complete expense management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Workflow approvals<\/span><\/li>\n<\/ol>\n<\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">Essentials &#8211; $7<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Business &#8211; $14<\/span><\/p>\n<p><a href=\"https:\/\/app.envoice.eu\/desktop\/user\/register\"><span style=\"font-weight: 400;\">FREE TRIAL<\/span><\/a><\/td>\n<\/tr>\n<tr style=\"border: 2px solid;\">\n<td style=\"padding: 10px; border: 2px solid;\"><b>QuickBooks Online <\/b><span style=\"font-weight: 400;\">(cloud-based)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">*Integrates with Envoice<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">Small- and medium-sized companies<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Income and expenditure<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoice and payments<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax deductions<\/span><\/li>\n<\/ol>\n<\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">$35 &#8211; $235<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(Free trial offered)<\/span><\/td>\n<\/tr>\n<tr style=\"border: 2px solid;\">\n<td style=\"padding: 10px; border: 2px solid;\"><b>FreshBooks<\/b><span style=\"font-weight: 400;\"> (cloud-based)<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">Freelancers and service-based businesses<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Time-tracking and project management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoices and expenses<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Reports<\/span><\/li>\n<\/ol>\n<\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">$21- $65<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(free trial offered)<\/span><\/td>\n<\/tr>\n<tr style=\"border: 2px solid;\">\n<td style=\"padding: 10px; border: 2px solid;\"><b>Xero<\/b><span style=\"font-weight: 400;\"> (cloud-based)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">*Integrates with Envoice<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">Small- and medium-sized companies<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invoices and quotes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bill payments<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Project tracking<\/span><\/li>\n<\/ol>\n<\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">$20- $80<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(free trial offered)<\/span><\/td>\n<\/tr>\n<tr style=\"border: 2px solid;\">\n<td style=\"padding: 10px; border: 2px solid;\"><b>Sage Intacct<\/b><span style=\"font-weight: 400;\"> (cloud-based)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">*Integrates with Envoice<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">Medium- and large-sized companies<\/span><\/td>\n<td style=\"padding: 10px; border: 2px solid;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cloud accounting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payroll management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High security compliance<\/span><\/li>\n<\/ol>\n<\/td>\n<td style=\"padding: 10px; border: 2px solid;\"><span style=\"font-weight: 400;\">Unavailable<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">As seen above, each accounting software offers slightly different features, which takes us back to the number one priority for choosing the right accounting software: <\/span><i><span style=\"font-weight: 400;\">identify your top accounting tasks. <\/span><\/i><span style=\"font-weight: 400;\">This will help you to get to your shortlist faster than any other method.\u00a0<\/span><\/p>\n<p>Also worth reading: <a href=\"https:\/\/envoice.eu\/en\/blog\/quickbooks-online-vs-xero\/\">quickbooks online vs xero<\/a> compares usability, costs, and feature depth side by side<\/p>\n<h2><span style=\"font-weight: 400;\">Accounting software costs<\/span><\/h2>\n<p>&nbsp;<\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-26431 aligncenter\" src=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-05.jpg\" alt=\"Cost-focused calculator graphic\u2014highlighting key factors in how to choose the right accounting software for your business.\" width=\"800\" height=\"533\" srcset=\"https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-05.jpg 800w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-05-300x200.jpg 300w, https:\/\/envoice.eu\/wp-content\/uploads\/2025\/05\/how-to-choose-the-right-accounting-software-for-your-business-05-768x512.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/h2>\n<p><span style=\"font-weight: 400;\">Most accounting programs are about more than offering support for your financial operations &#8211; they are an investment in a suite of services that will add ongoing value to your business processes. Rather than simply comparing what you get dollar-for-dollar, focus on what you get for the subscription amount you pay monthly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Businesses rarely consider things like customer support, accounting support from professionals, and the ability to get a business loan or a credit card through the service provider as a top priority when looking at costs. However, these lesser thought-of benefits can be a lifeline when you encounter problems.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, you\u2019ll be paying for:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Number of users and permission levels.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Number of transactions or documents.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Modules or add-ons.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automation capabilities such as automated bank recons and batch reconciliations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Workflow automation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Help center, resources, and 24\/7 chat support.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Onboarding and migration assistance.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">All these \u2018extras\u2019 should be considered when calculating the final costs vs. the benefits you will receive.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Performing a cost-benefit analysis<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Accounting software makes your life much easier &#8211; we can all agree on that, provided you find the right software to suit your accounting processes and business goals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you\u2019re in the final stages of making your decision, and you need something concrete to show the decision makers, a cost-benefit analysis will help you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s what you should consider:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identify direct benefits such as time savings, error reductions, and increased efficiencies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Quantify the indirect gains, such as improved cash flow and financial well-being, scalability, and team productivity.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Calculate the total cost of ownership by considering the subscription fees, cost of onboarding and training, and add-on services.\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Example:<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u200bIf an <\/span><a href=\"https:\/\/envoice.eu\/en\/features\/automation\/\"><span style=\"font-weight: 400;\">automation tool<\/span><\/a><span style=\"font-weight: 400;\"> saves 100 hours of manual data entry at $50 an hour ($5,000), and you save $1,200 in error-related costs, then your annual benefit value is $6,200. If the total cost of ownership amounts to $3,600, you have gained $2,600.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is a basic example of how you can view the ROI associated with purchasing the right accounting software, but it does help you visualize the savings.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Conclusion<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Choosing the right accounting software for your business requires a systematic approach that begins with identifying your top accounting tasks, then deciding whether you want to go cloud-based or use a desktop version, and lastly, carefully considering the user interface by \u2018test-driving\u2019 the desktop or cloud software with a free trial.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Having thoroughly covered those three areas, you\u2019ll be ready to apply your knowledge to the costing and the benefits you\u2019ll get from using the software. Then, making the decision will become easier, as one clear winner emerges from your shortlist.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We trust this answers the question posed at the start of our discussion &#8211; <\/span><i><span style=\"font-weight: 400;\">how you can make this decision easy for the whole company- <\/span><\/i><span style=\"font-weight: 400;\">and we look forward to discussing developments in accounting automation in the future.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">If you\u2019re looking for a powerful pre-accounting automation tool that focuses on high-quality data extraction, workflow approvals, and expense management, choose <\/span><\/i><a href=\"https:\/\/envoice.eu\/en\/product\/\"><i><span style=\"font-weight: 400;\">Envoice<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">.\u00a0<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">References:<\/span><\/p>\n<ol>\n<li><a href=\"https:\/\/www.thebusinessresearchcompany.com\/report\/cloud-accounting-software-global-market-report#:~:text=What%20Is%20The%20Cloud%20Accounting,requirements%2C%20cost%20reduction%2C%20globalization\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Cloud accounting software<\/span><\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Choosing the right accounting software is an important decision, and one that\u2019s not easily made. Also, the sheer number of accounting software providers competing in the market can be mind-boggling. You\u2019re likely asking: How can I make this process of selecting accounting software easier on the whole company?\u00a0 When there are so many choices, you [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":26434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[138],"tags":[],"class_list":["post-26422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-software"],"acf":[],"_links":{"self":[{"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/posts\/26422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/comments?post=26422"}],"version-history":[{"count":7,"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/posts\/26422\/revisions"}],"predecessor-version":[{"id":26967,"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/posts\/26422\/revisions\/26967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/media\/26434"}],"wp:attachment":[{"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/media?parent=26422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/categories?post=26422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envoice.eu\/en\/wp-json\/wp\/v2\/tags?post=26422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}