2020-09-03 17:49:40 • Filed to: Business Tips • Proven solutions
It can be difficult to keep on top of busy accounting tasks if you lose track of your payments. That’s why, in today’s business environment, more and more businesses have embraced digital accounting software to make their lives easier. For businesses looking to manage their finances, there are a wealth of accounting software packages on the market to make this task easy and cost-effective. Given the variety of packages on the market it’s important to do your research to find the right software for your business. Below, we take a look at the best accounting software for Mac (including macOS 10.15 Catalina). for small and medium business.
Best 5 Accounting Software for Mac
1. FreshBooks
Typically, they believe that accounting software for a Mac is difficult to use, expensive, and moreover lacks features available to Windows users. However, modern accounting software actually works great on an iMac, MacBook, or MacBook Air. Stay compliant with the latest legislation. Banana Accounting offers online, and business hours support. Banana Accounting features training via documentation. The Banana Accounting software suite is Mac, Windows, Android, iPhone, and iPad software. Banana Accounting is accounting software, and includes features such as charting, and templates. Software pricing starts at $120.00/one-time.
For small and medium sized businesses or personal users that are seeking a seamless solution for their payment, invoicing and payroll management needs, FreshBooks is one of the best and simplest solutions. This accounting software package is suitable both for on-premises accounting applications and cloud-based versions of business’s accounting functions. It has many web-based features including electronic payment, remote payroll facilitation, online banking and reconciliation, and mapping features. The versions from 2008 onwards also allow you to import data to Excel spreadsheets so you can generate custom reports more easily.
Pros:
- Includes basic functions
- Low Cost
- Easy to use interface
- Flexible with third party applications
Cons:
- Lack of advanced business-specific features
- Double entries and keying errors
- File size issues
2. FreeAgent
FreeAgent is a particularly handy software that enables SME’s to set up recurring invoices and automated reminders to keep on track of accounts ‘hands-free’. The expense tracking feature helps users to track their spending by taking pictures of their receipts and uploading them to FreeAgent so they can be automatically processed. This means that you don’t have to put in the legwork of processing receipts yourself. Likewise, near tax time, sole traders and limited company directors can submit tax returns in a single click. In addition, SMEs will benefit from the overhead view of their accounts and automatic bank feeds, enabling users to import bank transactions directly.
Pros:
- Simple and effective dashboard system
- Automated Receipt Processing
- Fast one click tax returns
- Real time view of cash flow
Cons:
- Core functionality is limited
- Inventory tracking is confusing
- Doesn’t have the capacity to support larger businesses
3. Xero
Xero is now a well-known name among Mac accounting software, due to its great interface and richness of functionalities. Functional on both PC as well as Mac, what makes it widely preferred is its ease of use. Xero doesn’t compromise on features even on the Mac version. A great thing about it is that there is no binding contract and the user can cancel their subscription at any time.
Pros:
- Real-time account monitoring available on mobile
- Multiple third-party apps included
- Simple layout
Cons:
- No way to add a digital signature
- Can’t create new business documents
4. ZohoBooks
The user interface makes it easy to send professional invoices to clients from day one, whether you’re on a desktop or iPhone. Automated banking allows you to connect Zoho to your bank account for a real-time update on your transactions. Organizations are able to track inventory in real-time. The Client Portal allows you to share recent transactions, accept bulk payments and process customer feedback. One particularly useful feature is the ability to attach expense receipts. Zoho Books allows you to capture all your receipts in one place (You can also take a picture of your receipts to upload them onto the system).
Pros:
- Competitive price
- Professional invoices are easy to send
- Automated banking allows you to stay on top of your accounts
Cons:
- Can’t complete a payroll
- Receipts can feel disorganized
- Can’t create PDF files
5. WaveAccounting
With Wave Accounting, a free accounting software mac, users can create and send professional invoices and receipts. The invoice system is particularly quick, with most client invoices cleared within 2 days. Payroll enables business owners to pay their workforce easily, with direct deposits and online pay stubs to save you leg work. Whether payments are by the hour or by salary, payments can be made every week, every two weeks, or monthly.
Pros:
- This accounting software mac is very cost effective
- Solid invoicing, accounting, and receipt scanning features
- Flexible Payroll features enable you to pay staff as you need
Cons:
- Pay-as-you-go service can be an inconvenience
- Advertisements are distracting
- Limited customer service
Unlock the Full Potential of Accounting Software for Mac
As Mac computers have evolved, they’ve solved many day-to-day business problems, reducing the time and resources needed to achieve business goals. This applies to your accounting problems as well. Accounting software for Mac computers has made business accounting much simpler and more effective. But while this software has resolved many problems it doesn’t come without limitations. Processes like transitioning from hard copy to digital documentation, or making work more flexible and collaborative are not issues that are easily solved.
Offering a complete solution to fill the gaps in accounting processes, PDFelement is a valuable addition to your software inventory. All accounting documentation becomes flexible and open to collaboration with this simple, effective software program. Transform all file types into editable PDFs in minutes and collaborate on documents (commenting, annotating and redacting) all within one interface. Create fillable forms, combine multiple documents, and extract data for analysis. This will reduce the time needed to complete projects in-house and deal with external clients. PDFelement is your toolkit for complete accounting success.
Export data into an analysis-ready format
Manually extracting and exporting data has always been one of the biggest headaches for accountants. Hours and hours of valuable working time are wasted each year copying and analyzing data from paper forms, or manually inputting that data into digital programs. It also leads to mistakes due to human error. Leave this issue in the past with PDFelement which allows you to extract and export data at the click of a button.
To simplify the process following data extraction, all data can be exported as analysis-ready files for Excel so that that data can be further analyzed and worked into financial reporting. With full customization of data forms and batch exporting available, PDFelement massively reduces the resources needed when working with financial data.
Automatic form field recognition on PDFs
Filling out forms, and processing them, is a central part of accounting work. This is always a very time consuming task – manually printing, filling out and sending forms wastes hours of accounting effort. Most accounting programs for Mac haven’t been able to solve this problem, but using PDFelement alongside your accounting program will massively reduce the time spent working with forms in your accounting workflow.
Preserve industry-standard PDF files accurately
High documentation standards are required within the accounting industry. When creating, or converting other documents to PDF, PDFelement will ensure all files adhere to the International Standards Organization (ISO) standards for both PDF and PDF/A documents.
This means that all your documents can be saved, shared and sent across all platforms to any colleague or client with complete peace of mind. PDFelement makes this simple, efficient, and safe by ensuring that the highest standards are always maintained.
Create fillable and editable forms from scratch
PDFelement offers simple drag and drop functionality to create fillable, interactive forms from scratch. This is something that has traditionally taken a lot of time, effort and skill to complete.
The specific ‘form’ section in the program’s editing interface offers all the elements needed to create every type of form including creating form fields, tick boxes, buttons, combination boxes, and digital signature boxes. All the other editing and creation tools work effortlessly alongside the form creation features so you can create robust and user friendly forms for all your accounting requirements.
Secure confidential accounting files with password protection
Security is an ongoing issue with accounting documents that can cause major issues when mistakes are made. Controlling access to your accounting files is essential in the digital age and PDFelement, again, is the best solution for this problem.
Simply add passwords to encrypted files and manage and change multiple passwords all within the ‘Protect’ tab of PDFelement’s software. This offers complete control of your accounting documents and lets you limit who can open and view sensitive data in a manner that traditional accounting software for Mac cannot.
Protect specific, sensitive content with the redaction function
Document protection doesn’t always just mean restrictions over the whole document. Increasingly, different members of staff, or clients, need to view different content within the same file, and be restricted from others. PDFelement can help you solve this problem in minutes!
PDFelement’s ‘Protect’ tab also offers a simple tool to redact specific sections of a document, either with block redaction or redacting specific words throughout the whole document via an intuitive search function.
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Several different redacted files can be created within minutes.
Use OCR to create quality, editable, digital files from paper documents
Paperless working is a goal of most modern businesses, and accounting is no different. A paperless office can have a huge positive impact on the day to day success of an accounting department.
When wondering how to effectively convert thousands of paper documents into a digital format, many businesses have often found this a difficult issue to solve. Advanced Optical Character Recognition (OCR) is a feature within PDFelement, detecting exact characters and letters on scanned documents and converting them to make the scanned files editable and searchable once they are saved to your systems. Thousands of hours can be saved when converting documents and managing all files will become easier with PDFelement.
If you are a Windows user, you can check out Top 5 Accounting Software for Windows. For those who are searching for online or cloud solution, please check out Online Accounting Software here.
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