Other Main Accounting Systems
(Excluding Xero, QuickBooks, and Sage Business Cloud):
- FreeAgent
• A cloud-based accounting software designed for small businesses, freelancers, and contractors.
• Features include invoicing, time tracking, expense tracking, and tax compliance, with specific support for UK VAT and self-assessment tax returns.
- Zoho Books
• A comprehensive accounting software for managing finances and automating business workflows.
• Features include invoicing, expense tracking, financial reporting, and tax compliance.
• Integrates with the Zoho suite of products (e.g., Zoho CRM, Zoho Inventory).
- KashFlow
• A UK-based cloud accounting software for small businesses.
• Features include VAT reporting, invoicing, bank reconciliation, and payroll integration.
• Known for simplicity and ease of use, suitable for businesses with basic accounting needs.
- Microsoft Dynamics 365 Finance and Operations
• An enterprise-grade ERP system that includes advanced financial management features for medium and large enterprises.
• Offers features for managing financial transactions, accounting, supply chain, and human resources.
• Integrates seamlessly with other Microsoft tools and services.
- SAP Business One
• An ERP system designed for small and medium-sixed businesses (SMBs), including comprehensive accounting features.
• Covers financial management, inventory control, procurement, and order processing.
• Highly customisable to fit different industries and business requirements.
- Wave Accounting
• A free cloud-based accounting software for small businesses and freelancers.
• Provides basic features such as invoicing, expense tracking, and financial reporting.
• Offers paid services for payroll and professional bookkeeping.
- FreshBooks
• A user-friendly accounting system designed for small businesses, especially freelancers.
• Features include invoicing, time tracking, expense management, and financial reports.
• Provides cloud-based access and mobile apps for easy management on-the-go.
- NetSuite ERP
• A comprehensive ERP system for large enterprises, offering advanced financial management.
• Features include financial consolidation, accounting, procurement, inventory, and order management.
• Ideal for businesses that require both financial accounting and broader enterprise resource management.
- Accounting Seed
• A cloud-based accounting solution built natively on the Salesforce platform.
• Provides financial management, accounting, invoicing, reporting, and budgeting.
• It is customisable and integrates deeply with Salesforce CRM, making it ideal for businesses that already use Salesforce.
- ClearBooks
• A UK-based accounting software focused on providing a simple, online solution for small businesses.
• Features include invoicing, VAT reporting, bank reconciliation, and payroll.
• It offers cloud-based access and supports HMRC integration for tax filings.
- AccountEdge Pro
• A desktop accounting software that also provides cloud-based access and is targeted at small to mid-sixed businesses.
• Features include payroll, inventory management, invoicing, and financial reporting.
• Integrates with other systems, such as payment processors and CRM software.
- Brightpearl
• A cloud-based retail management system with strong accounting and financial management features.
• Offers features for accounting, inventory management, order processing, and CRM.
• Ideal for retail businesses with e-commerce or multi-channel operations.
- Tally.ERP 9
• A popular accounting and ERP software used by businesses in India and other regions.
• Features include inventory management, financial accounting, payroll, and tax compliance.
• It’s suitable for businesses with more complex accounting and operational requirements.
Summary:
This list includes additional accounting systems that complement or provide alternatives to Sage, QuickBooks, and Xero, with a focus on systems that serve small to medium-sixed businesses, as well as enterprise-level solutions. These systems cater to various accounting needs such as invoicing, expense management, payroll, tax compliance, inventory management, and more. Some of them also offer ERP capabilities for businesses looking for an all-in-one solution.