6 Best Accounting Software in 2023

In this article, we will discuss the best accounting software with the most advanced features. We will recommend various brands of good accounting software, such as Wave, Maserp, and Quicbooks. There is also a free accounting software, Wave. To know more about accounting software, check out the article!

Implementing accounting software is a must for entrepreneurs whose business wants to grow rapidly and successfully. These tools are useful for assessing the company’s financial health with features such as general ledger, accounts payable and receivable, purchase orders, stock management and billing to suppliers and customers. The existence of many accounting software Indonesia today may make you confused about which software is right for your business.

What is Accounting Software?

Accounting software is software that makes it easier for accountants or the finance division in your company to make bookkeeping or various accounting tasks. It can also store financial data and business transactions. Most modern accounting software requires internet to use. This means you can use it from devices that can connect to the internet such as laptops and smartphones. The online space where you can access this data is called the cloud.

Accounting software also offers many other conveniences, such as invoice creation, invoice billing, and inventory data collection. You can find out other functions of accounting software by reading reviews of the software or looking directly at the official website.

Best Accounting Software

There are two types of accounting software, cloud-based and desktop software. Both have differences in the data storage system.

  1. Cloud-Based software stores your data in a cloud system. You need an internet connection for your data to be stored. The advantage of cloud-based software is that you can access your data anywhere and anytime. However, you need to pay a subscription fee every year.
  2. Desktop Software stores your data in computer’s memory. You only need to pay for this software once. You also don’t need an internet connection to store your data. Desktop software is unfortunately less practical for accessing data at any time.

Benefits of Accounting Software for Business

By using the right system, companies can create books and compile reports automatically and on time and develop smarter business strategies. Here are eight benefits of accounting software for your business.

  • Simplify the Process
  • Cost Savings
  • Financial Transparency
  • Accurate Predictions
  • Productivity
  • Tax Compliance
  • Improve Customer Relationship
  • Data Security

Accounting Software Recommendations in 2023

Next, we will recommend the ten best accounting software products that we determined based on the above way of choosing. These products were carefully selected by considering product quality, buyer reviews, and trustworthiness of the seller.

WAVE : Free Accounting Software With Powerful Features

Are you looking for a free accounting software? Wave is the answer for you. Wave is perfect for small businesses in the service sector. Wave can already fulfill the basic accounting needs of your daily business.

Regarding data security, Wave has received PCI Level-1 certification. Your company’s bank account will be well protected when connected to Wave. However, Wave has limited access with other applications.

Wave Best Accounting SoftwareSAGE : A Medium-Sized Mainstay With a Guaranteed Inventory System

If you have a medium-sized business, Sage is something you should consider. Sage can be integrated with Microsoft 365. Sage has a display with five data options that you can see thoroughly. When it comes to tracking inventory, Sage is the champion. If your medium-sized business really needs a good inventory, use Sage.

ZAHIR : Make Decisions Faster With Real-Time Financial Reports

If you have a business with more than one warehouse, Zahir can be your solution. Zahir has an inventory feature that can be used to record the movement of goods between warehouses. Zahir offers real time financial reports. This makes it easier for you to make quick decisions. No need to worry about user access. You can set the user’s access authority and view their activity records.

MASERP : All In One Complete Package

MASERP is an Indonesian accounting software that has been trusted since 1984. MASERP not only offers accounting features, but all business functions such as sales, purchasing, inventory, assets, taxes and others.

This software can also be used in various business industries such as manufacturing, distribution, services, mining, construction, oil and gas, retail and many more. MASERP can be installed on an office server or cloud, you can buy it outright. To maintain data security, MASERP has controls for access rights and approvals.

Maserp Powerful Accounting SoftwareJURNAL : Cheap Reliable and Accurate Accounting System

Jurnal is a cloud-based accounting software and offers features that can support bookkeeping, finance and store operations automatically. Other features include business and financial reports, accounting, cash and transactions, invoices, products and inventory, and taxation. Jurnal offers packages suitable for MSMEs starting from Rp199,000 per month including 1 user. But for integration with tax features with Klikpajak, you need to pay an additional fee of IDR 500,000.

QUICBOOKS : Connect with Various Apps, Business is Smoother

Quicbooks offers various premium plans. Every premium plan purchase includes integration with other programs, such as PayPal and Stripe. Uniquely, Quickbooks provides a receipt portrait feature to make it easier for you to record company expenses. If you choose the Advanced plan, you’ll get financial reports powered by Fathom. Fathom is an elite online financial report that has been widely used by large companies.

SAP Business One : Expensive But Worth The Price

SAP software is commonly known as software that has a very expensive price, which has been widely used for giant companies. But in contrast to SAP Business One accounting software, this software is a business management software designed for smaller businesses or can also be called SMEs.

As an SAP solution, it aims to automate the business as a whole, especially in finance, sales, project management, production & inventory planning, purchasing & supply chain, and business analysis & intelligence.

In SAP Business One software, there are several flagship modules such as Financial Management, Sales & Customer Management, Business Intelligence, Analytics & Reporting, Purchasing & Inventory Control, Industry Specific ERP Solutions.

Some other advantages that can be obtained:

  • The remaining inventory can be checked online in the system.
  • Price and discount calculations can be controlled from the center.
  • The availability of goods between branches can be checked in real time
  • There is a loyalty system module that is very reliable.
  • The number of sales per sales can be recorded in detail so as to minimize the possibility of errors.
  • Can record lost sales.

Which Of These Accounting Software Best For You?

Small or large businesses need precise bookkeeping. Accounting software is here to help you do bookkeeping more precisely. The security of your data is also more guaranteed with the cloud storage system.

Although most accounting software is a paid product, you can find some free software. However, free software has simpler features than paid software. Always consider the features offered to suit your business needs!