Businesses have long been exposed to the amazing benefits that online accounting in the Philippines can bring.
But how can we determine the best one for the job?
While there is undoubtedly no shortage of cloud accounting software available in the market today, choosing the best cloud accounting software can be confusing and altogether challenging.
There is a wide array of online accounting software to choose from and with so many duplications in functionality and the considerations of service, function, and pricing, chances are, some business owners get overwhelmed and may just get one at random without proper assessment.
Chances are, they end up choosing the wrong cloud accounting software for the business.
It takes some time to choose, learn and roll out for implementing an online accounting software.
There are many such software brands available worldwide but have yet to venture into the Philippine market.
It is therefore worthwhile to know the available tried and tested cloud accounting software in the Philippines.
Here is a list that can help you choose the best one.
These are just suggestions so you will know its functionality and purpose.
1. Fresh Books
FreshBooks is frequently used and its best feature is its accessibility and portability.
It is so easy and user-friendly that it can be made accessible from a mobile device like a laptop, as well as on a desktop.
It also has many features that can be integrated, hence it is convenient to work on together with the other components like inventory and manpower.
These would also include expense management, invoice tools, and bank account integration.
Its interface is manageable and convenient to maneuver.
Best of all, FreshBooks has a data encryption service for maximum security.
Your data is also automatically backed up on secure servers for safety.
2. Sage One
If you want a productive, systematic and efficient service, Sage is great for the business owner that values efficiency.
It can quickly monitor and categorize expenses as well as income.
Sage One also has a feature that makes you sit back and relax.
As far as reporting is concerned it can automatically generate reports for accounting and payments against invoices.
It can also help the business owner in sending invoices to customers as well as accept payments through other payment platforms like Paypal.
It provides a constant reminder of payment schedules, and it also manages tasks between collaborating parties.
Sage One is a cloud accounting software that works efficiently for as long as there is internet connection.
3. GoDaddy Bookkeeping
GoDaddy Bookkeeping used to be called Outright but was changed last 2012 when it was purchased by GoDaddy.
It is a user-friendly and easy cloud accounting software that is designed to help business owners who do not have a background in accounting.
One great advantage to using GoDaddy Bookkeeping is that it can be fully integrated with sites especially e-commerce sites like Amazon EBay, and other e-commerce websites.
GoDaddy Bookkeeping also has a software feature that can assist you in filing taxes seamlessly under government regulations.
4. Wave
Wave is great for start-up businesses that still do not have the budget for a software purchase.
It is free! However, it only offers basic functionalities like integrating payroll or linking to a PayPal account.
This can be a good start for companies still trying to find their way in the business world.
5. AccountEdge Pro
AccountEdge Pro offers quite a few features that would be useful to business owners.
Some of the most popular are quote and invoicing tools, integrated banking, time tracking and payroll, inventory, and e-commerce tools like purchase orders.
AccountEdge Pro allows you to track purchases, inventory, orders, invoices, and sales all in real time.
It can also be integrated with Shopify for ecommerce purposes. Inventory can be integrated across platforms so you can download orders to the AccountEdge Pro account.
6. QuickBooks
QuickBooks is a workhorse.
And it is cheaply priced given its provision of great service especially for small businesses.
It is one of the great cloud accounting software that can perform tasks like generating invoices, tracking expenses and sales, downloading bank transactions, and doing accounting in a jiffy.
Quickbooks also works on a mobile device as well as a traditional desktop in your office.
QuickBooks can securely convert your data to Microsoft Excel and it has the capability of printing checks.
7. Xero
Xero is innovative and very easy to use.
Xero’s dashboard integrates well with the existing bank information which allows you to view the company’s account balances, bills, invoices, expenses.
It is open to work with other departments and well suited to corroborate with employees.
It also allows real-time data which can be accessed at any time and at any day from wherever you are.
Just a reminder that this is not the universal list.
The 7 above listed cloud accounting software in the Philippines are just what we usually encounter but there are actually plenty of choices when it comes to choosing an online accounting software in the Philippines.
It is imperative to know the needs of your business as well as the profile of your company.
It is in knowing what your business needs that you are able to determine what kind of online accounting software you will eventually deploy.
Dealing with numbers and analyzing your financial data can be a herculean task, but it is important and something that you cannot do without.
Using cloud accounting software in the Philippines is key to having a competitive edge in the market and makes you more productive in dealing with major tasks.
Now, here is another one not in the list that is worth considering. Introducing EasyFS.
EasyFS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
If you want to manage your business in real-time and in a WFH (Work from Home Setup), EasyFS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking in real time your inventory stock quantity and levels and, most importantly, the current financial health of your business.
On top of that EasyFS is BIR CAS (Computerized Accounting System) compliant and ready for government taxation in the Philippines.
Book a demo now.
For details, go to https://human-incubator.com/easy-fis/
