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Financial management is key to business success, whether you’re handling current financial records or future forecasting. All business owners understand how important it is to keep an eye on the bottom line, but given how little time and resources they have, they end up neglecting financial management. However, with technology at your fingertips, you can make the task simpler and more efficient by incorporating an automated accounting manager software that works best for your business’ needs. In this guide, we will explore the top best 7 accounting manager software for folks working on Mac.
What Can Accounting Manager Software Do?
Accounting manager software connects with your company’s financial accounts, automatically drawing in all transactions and data to give you a real-time view of your finances. It simplifies bookkeeping, balance sheets, cash flow, and time-consuming tasks by automating them. Some of the things you can do with accounting manager software include:
- Track Expenses – Record expenses, manage budgets, and track expenses effortlessly.
- Invoicing & Billing – Generate invoices and bills automatically, and customize the invoice template to your liking.
- Bank Reconciliation – Reconcile your bank transactions with ease.
- Financial Reports – Monitor your financial performance with budget, forecast, balance sheet and P&L reports.
- Payroll – Automate your payroll process, calculate taxes, pay employees, and manage withholdings and deductions.
- Inventory Management – Track your inventory levels, and set low-stock alerts.
What Factors Should Be Considered While Choosing Accounting Manager Software?
It’s crucial to pick the right accounting manager software that aligns with your businesses needs while focusing on key features such as:
- User Interface and Ease-of-Use
- Compatibility and Integration
- Cost vs. Value
- Features and Functionality
- Scalability and Accessibility
- Customer Support and Training
Video Tutorial:
Top 7 Accounting Manager Software for Mac
Top 1: Xero
Xero is an extensive cloud-based accounting software, especially beneficial for small and medium-sized businesses. It’s perfect for businesses with a complex sales model or companies that are expanding globally. Xero boasts easy-to-use invoices, expense claims, and smart bank reconciliation in addition to granting you and your accountant access to financial data at any time, anywhere.
Pros of Xero
- User-friendly Navigation
- Multiple Currencies Automated
- Scalability
- Integration with 800+ Business Applications
- Cloud-Based System
- Real-Time Reporting
Cons of Xero
- No Phone Support
- Advanced Features Must Be Purchased Separately
- Occasional Performance Issues
Top 2: QuickBooks Mac Desktop
QuickBooks Mac Desktop makes managing your business finances easy by enabling you to handle accounting, invoicing, or inventory with ease. Its simple-to-use interface eases the task of managing expenses, sending invoices and billing, and it also provides budget tracking features to manage each aspect of your business.
Pros of QuickBooks Mac Desktop
- Uncomplicated User Interface
- Complete Payroll Support
- Smart Bank Reconciliation
- Customizable Reports and Invoices
- Compatible with Multiple File Formats
Cons of QuickBooks Mac Desktop
- Yearly Data Conversion Required
- Poor Mac Support for Previous Versions
- Limited Compatibility
Top 3: Sage Business Cloud Accounting
Sage Business Cloud Accounting offers efficient packages that come with solid invoicing and payment processing features. It’s tailored to small businesses enabling them to create and send invoices complete with automatic calculation and integration with other finance packages. This software excels at inventory management and has its own CRM arena.
Pros of Sage Business Cloud Accounting
- Flexible and Scalable Solutions
- Excellent Online Customer Support
- Mobile App Availability
- Inbuilt Project Management Capabilities
- Simplified User Interface for Non-Accountants
- Constructive Time-Tracking Feature Available
Cons of Sage Business Cloud Accounting
- Product Features Lacking Compared to Rivals
- No dedicated Mac Version
- No Payroll Support in Canada
Top 4: FreshBooks
FreshBooks, with an excellent mixture of accounting and invoicing, is primarily beneficial for small businesses. You can use it to simplify the administrative duties related to billing, record keeping, and expenses. Your clients can also pay you online with the built-in payment gateway, and you can integrate it with other web-based apps to streamline your workflow.
Pros of FreshBooks
- Cloud-Based System
- Easy to Use for Non-Accountants
- Mobile App Availability
- Simple Invoicing Structure
- Excellent customer support
Cons of FreshBooks
- Restricted Mobile App Capabilities
- Does Not Support Advanced Accounting Functions
- No Payroll Support
Top 5: Zoho Books
Zoho Books offers a seamless billing and subscription process for small businesses. You can use it to create and send invoices, track expenses, manage customers and bills and bank reconciliation with multi-currency support. Zoho Books can also streamline the purchase order creation process as well.
Pros of Zoho Books
- Multifaceted Integrations
- Unified Payment Process
- Extensive Project Management Features
- Swift Switch From Existing Accounting Service
- Well-designed Interface For Smooth Navigation
Cons of Zoho Books
- No Advanced Reporting Features
- No Accountant Access
- Restricted Functions for Large Corporations
Top 6: Wave Accounting
Wave Accounting is a free and versatile accounting software that’s specifically created for small businesses, freelancers, and self-employed individuals. It’s uncomplicated and doesn’t require any previous accounting knowledge. You can use it to create and send invoices, bill payments, manage receipts, track expenses and generate necessary reports.
Pros of Wave Accounting
- Completely Free
- User-Friendly Interface
- Excellent For Non-Accountants
- Integration With Free Financial Software Solutions
Cons of Wave Accounting
- No Payroll Support
- Restricted Features As Compared to Rivals
- Restricted Customer Support
Top 7: Pandle
Specifically designed for small and medium-sized businesses, Pandle is structured to manage multiple business finances and invoicing. The software includes inbuilt sales tax reporting, forecasting, bank reconciliation, easy budgeting, and tracking of income/money owed to customers.
Pros of Pandle
- Completely Free
- User-Friendly Interface for Non-Accountants
- No Constraints For Multiple Money Management and Users
- Generates Required Reports in Real-Time
- Supports Multiple Currencies and Sales Tax
Cons of Pandle
- Lacks Robust Customer Support
- No Mobile App Support
- No Payroll Support
Comprehensive Comparison of Each Software
| Software | Free Trial | Price | Ease of Use | Value for Money |
|---|---|---|---|---|
| Xero | 30 Days | $9-$60/month | 4.2/5 | 4.1/5 |
| Quickbooks Desktop for Mac | 30 Days | $299.99/yr | 4.2/5 | 4.3/5 |
| Sage Business Cloud Accounting | 30 Days | $10-$25/month | 4.1/5 | 4.3/5 |
| Freshbooks | 30 Days | $15-$50/month | 4.4/5 | 4.5/5 |
| Zoho Books | 14 Days | $9-$29/month | 3.9/5 | 4/5 |
| Wave Accounting | Unlimited | Free | 4.1/5 | 4.2/5 |
| Pandle | Unlimited | Free | 4.1/5 | 4.3/5 |
Our Thoughts on Accounting Manager Software
Accounting Manager software plays a significant role in managing businesses by automating finance-related tasks, reducing redundancy, and saving costs, time, and effort. After researching and analyzing the top 7 Accounting Manager Software for Mac users, our final thoughts are that each of them has its own unique features and advantages, making it challenging to pick one as the best. However, Xero, QuickBooks Mac Desktop, FreshBooks, and Sage Business Cloud Accounting are some of the best options available, depending on your business’s size and industry. By comparing all seven, we can say that Pandle will be an excellent option for startups and small businesses needing a reliable accounting solution.
FAQs About Accounting Manager Software
Q1: Is Accounting Manager Software only for businesses that have accounting knowledge?
A: Not at all. Most accounting manager software has well-thought-out interfaces designed for those who have little to no accounting knowledge.
Q2: Can I use mobile accounting manager software?
A: Almost all accounting manager software has mobile versions or can be accessed through a mobile browser.
Q3: Is Cloud-based software better than Desktop software?
A: Cloud-based software is preferable if you need your accounting software to be easily accessible and coordinated across various devices. However, desktop-based software is ideal if you need a stand-alone version.
Q4: Can I find a decent accounting manager software for free?
A: Yes, there are accounting manager software available for free, we mentioned above “Wave Accounting” and “Pandle,” which are free and have several options to assist you.
Q5: Can I access customer support for Accounting Manager Software?
A: Yes, most of the accounting manager software providers do provide customer support, either online or directly through phone or email.
Final Words
Choosing the right accounting manager software will depend on your specific business needs, size, and industry. While all accounting manager software have their own advantages and disadvantages, our research and analysis finds that Xero, QuickBooks Desktop for Mac, Sage Business Cloud Accounting, Freshbooks, and Pandle are the top accounting manager software available for Mac users as they provide comprehensive, easy-to-use interfaces and a wide range of features such as automatic calculation tracking, payment gateway system, simplified projects, and real-time reporting. We highly recommend trying a demo or free trial of each before making a decision.