Are you looking out for some accounting software for your business? Are you planning to incorporate some means to facilitate smooth functioning of your payment processing department? Then you are at the right place to gain knowledge about the best accounting software commonly used in Canada. Accounting stands as one of the most significant parts of business operation for years and will continue to remain the same for years to come. Accounting needs to be carried out with full accuracy and precision to manage your business well. So here are few accounting software that will offer you a wide functionality option and also reduce the stress on the human resources of your firm.

Watch Short Video on Most Used Accounting Software in Canada

1. Sage 50 cloud

Accounting
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Sage 50 – Canadian Edition (Simply Accounting) is a simple and easy to use financial accounting software solution. It offers tools that are essential to manage accounts and reorganization operations. You can take control of your cash flow and keep track of clients, suppliers and…

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Price
$1

Sage 50 cloud software is apt for all medium and small-size business who need accounting software for managing their business. One can efficiently manage their taxes, invoices, data management, e-commerce, budget, inventories, etc. using this software which is compatible with mobile phones making it an easy option for you to choose for your financial management. Another advantage of using this software is that it can combine desktop features with cloud enabling you to store data in the cloud simultaneously while performing other tasks.

2. Freshbooks

Accounting
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FreshBooks can be used by any kind of smart device like android devices, iphones , ipads , etc… It also allows us to talk to a person at anytime from 8 am to 8 pm. It serves well for growing businesses companies.It is faster and…

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Price
$15 per Month

Freshbooks software makes it easy for accounting and in turns makes the financial management and planning process more accessible. It helps the users to subscribe and recur the invoices in a trouble-free way. With the help of fresh books, one can make their online payments as well with the help of credit cards, debit cards and other applications such as Google pay and Paypal as well. Fresh books are simple but are a powerful tool with advanced features that increase the work performance quality. It can be well optimized for your mobile phones, and thus you can have it handy anytime and anywhere. Another feature of this software is the ability to track all your payments and bills which can help you to take a summary of all the current and previous payments that you have made.

In all they do at FreshBooks, they are firmly committed to fostering inclusive cultures and providing fair chances. Their framework for diversity and inclusivity, which is built on the three pillars of Team, Market, and Community, allows them to carry out this promise and journey of the company.

Features:

  • Bill and Get Paid
  • Accounting and Taxes
  • Client Communication
  • Team Management

3. Free Agent

Accounting
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Free agent software is designed for the small business firm accounting and fledges them with all the essential accounting tools that they may be in need of. Using the intuitive navigation commonly known as the ’overview’ option, one can have the display of all their…

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Price
US $10 /month for 6 months, then just US $20 /month

With the help of FreeAgent, you can create recurring invoices that may be sent automatically, as well as send automated reminders to those annoying late-paying clients. Hands-free billing is available. To ensure that you never forget to report an expense again, just take a picture of your receipt with your phone and upload it to FreeAgent.

Create a detailed list of spending categories that you may personalize to create accurate accounting that are crucial at tax time. Everything runs more smoothly when all the moving parts are under your control. With all of your project’s operations, such as invoices, estimates, expenses, tasks, and time, in one location, you can see the big picture.

Features:

  • Invoices that send and chase themselves
  • Hassle-free expense tracking
  • A bird’s eye view of your projects
  • Automatic Bank Feeds

4. Zoho Books

Accounting
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Zoho Books is a comprehensive accounting platform for growing businesses. With Zoho Books, you can track your payables and receivables, customize invoices and set up automated payment reminders to your clients, connect and reconcile bank accounts by fetching and matching transactions, and do much more.…

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Price
$9 per month

If you have a small business in canada and are in search of accounting software that can manage your finances and cash flow, then Zoho Books can serve you at its best. They are hassle-free and easy to use and helps the user to make easy business decisions. Apart from this they are safe to use and offers highs security to the data and can help you to keep track of all your expenses on a project. This accounting software provides proper support and facilitates payments and invoice management through the online mode giving the user full control over the financial management errand. It also offers automatic bank feeds and payment notifications which enables the user to never miss out an important message from their client.

For all of your accounting-related tasks and transaction management, Zoho Books is your go-to tool. It’s a single, secure site where you can manage all of your business’s bills and invoices, balance your bank statements, manage your expenditures, keep an eye on projects, and forget about GST compliance.

Features:

  • Invoicing
  • Quotes
  • Customer Portal
  • Expenses

5. Quickbooks Online

Accounting
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QuickBooks Enterprise is desktop based enterprise accounting and finance software from intuit quickbooks. QuickBooks Enterprise is also featured as one of the best accounting software solutions for Large business.

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Price
Platinum2 QuickBooks $1,760 Per Year

Quickbooks are one of the most popular accounting software in canada that business people use to simplify their accounting and financial management. It serves as a great tool for business owners, bookkeeper’s, finance officers, etc. and helps in synchronizing the business on to a single dashboard. You can easily track all the profits, losses, invoices, bills, etc. using this software even on your mobile due to its ability to of being compatible with your cell phones. It offers you online access and is a secure tool that you can use for accounting.

Features:

  • Accepts online payment
  • Cash Flow Management
  • Expense Tracker 
  • Inventory Tracking

6. Xero

Accounting
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The most biggest advantage is that it does not need any installation or maintenance can be used anytime or anywhere.It is fast and simple and can support more clients in less time.Back up and collaboration of data can be done in a fraction of seconds.

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Price
$10 per Month

Looking for revolutionized accounting in Canada? If you are also in search of the same, then Xero accounting software is solely designed for you to make your accounting experience super easy and simple. May it be book accounting or managing your spreadsheets or even your bills, Xero can work out the magic for you with its specific features that you would not like to miss out in any case. Xero software is easy to set up and can efficiently manage your stocks and inventories for you to own all your records and transactions.

7. Wave

Accounting
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Wave is one of the popular free accounting software featured in many publications like The New York Times and Forbes. Wave has different sets of product such as accounting, invoices, payments, payroll and receipts, This software is specially designed for small business, freelancers and accounting…

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Price
Free

For every small business where the workforce is limited up to a finger count of about ten, Wave accounting software can be a boon for all such firms. The easy setup and easy to use the feature of this software makes it the best choice for all financial consultants to carry on with their financial management task. Accounting, invoicing, expense management are a few of the functionalities that one can manage using this software. Another thing that you would love about this software is that it is free of cost and helps you in simplifying your transactions and for generating automated bills & invoices.

Features

  • Invoicing
  • Payroll
  • Payments
  • Advisors

8. OnPay

HR Software
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Onpay is a online based payroll software for small business. This software has all payroll feaures that are suitable for small business operations. Features: Process payroll anywhere, anytime No fees for direct deposit or debit card payments Friendly, US-based phone support Free migration of employee…

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Price
$36 /month BASE FEE & $4 /month PER PERSON

If you are looking out for options to ease your payroll management task, then there could be no other better software than the Onpay accounting software. From small-scale business to medium size business, all can use this software to ease up their payroll solutions. Apart from managing your payrolls, it also helps you in payments and tax filing. The finance managers can keep an account of the streamlined payroll of the company and directly make the salary transfers to their respective account of the employees using the direct deposit option. OnPay offers improved payroll compliance and also provides health insurance benefits which you can acquire by seeking assistance of the insurance brokers.

Features

  • Full-service payroll
  • Essential HR tools
  • Unlimited monthly pay runs
  • Multiple pay rates and schedules

9. Sage Intacct

Accounting
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Sage Intacct is cloud based accounting and finance solutions for large enterprise. Sage Intacct Features Accounts Payable Accounts Receivable Cash Management Collaborate General Ledger Order Management Purchasing Reporting and Dashboards Digital Board Book Additional Features Contract and Subscription Billing Contract Revenue Management Fixed Assets Inventory…

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Price
Pricing on Request

Sage Intacct incorporates the cloud storage platform and makes accounting simple and easy for business. Cash management, accounting, billing, etc. are few of the functionalities that you can benefit while choosing Sage Intacct software. This software helps in minimizing the errors and can effectively manage the costs and control margins. It has robust accounting capability and provides a speedy way of processing payments through a secure channel.

Features

  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Activity Dashboard

10. Tipalti

Accounting
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Tipalti is most popular and cloud based accounting and accounting payable software for small to large business. This software gives you the right accounting payment option in quick and easiest way. Features: Global Payments Supplier Onboarding Tax Compliance Invoice Processing Early Payments Instant Payment Reconciliation

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Price
Request for Pricing

Another Cloud-based accounting software is the Tipalti management software that can be of great help in managing your business accounting in Canada. This helps you by providing automated payment options through a streamlined payment process and makes your payments easier more than one can even think of.

This software is a complete package that helps you to stick with the deadlines and non-compliance with any sorts of errors and late payments.

  • Cash flow and invoicing
  • Payments & Banking
  • Advanced inventory management
  • Job costing

Bottom Line:

In this era, people are rational and consider starting a company or business independently. Even though it takes a lot of effort, time, and brain, people are attracted to how the business brings light into their lives. For many of these business firms, accounting software helps in many ways, mainly in financial matters. Also, you should understand that many accounting software exists in Canada today. But, all the software mentioned above are highly suggested. Consider the features and their service and choose wisely what your company needs.