5+ Effective Cloud Accounting Software for Businesses

Thanks to technology, businesses can now manage their finances with ease and efficiency using cloud accounting software. These software platforms help eliminate the need for manual bookkeeping tasks, saving time and effort. In this article, Viindoo Enterprise Management Software compiles several effective cloud-based accounting software options for businesses.

What is Cloud Accounting Software?

Cloud accounting software is an accounting solution that is hosted on remote servers and accessed through the Interne. With cloud-based accounting software, businesses can manage their financial transactions, generate reports, and collaborate with team members from anywhere, at any time.

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List of Effective Cloud-based Accounting Software

There are several cloud-based accounting software solutions available in the market, each with its own unique features and pricing. Some of the best cloud-based accounting software for businesses include.

Viindoo Accounting Software

Viindoo Accounting is an effective accounting software on the cloud for SMEs. The software offers a range of features that help businesses automate their accounting tasks, comply with global accounting standards, and make effective financial plans. With Viindoo Accounting, businesses can save time, increase efficiency, and make informed decisions.

cloud accounting software

Viindoo accounting cloud-based software

Here are some key features of Viindoo Accounting:

  • Automate all business accounting tasks: With automatic transaction recording rules for each process, businesses can reduce mistakes of manual data entry at different stages, and speed up the data processing accurately. This helps businesses to save time and increase efficiency.
  • Comply with global accounting standards: The software is designed to meet the accounting and finance management demands of businesses, from cash, bank statements, assets, budget, and expenses, to accounting in manufacturing, inventory, payroll, etc. 
  • Real-time tracking of financial data: The software provides a smart view that includes the General ledger, account payable, account receivable, invoices, bank transactions, etc. With Viindoo Accounting, businesses can instantly capture accurate data and make informed decisions.
  • Cash flow prediction and effective financial planning: This helps businesses to make informed decisions and manage their finances better. By predicting cash flows, businesses can avoid cash flow problems and maintain financial stability.
  • Fully integrated with other applications: Viindoo Accounting is fully integrated with other applications like Viindoo Sales, Point of Sales, Inventory, and Expenses. This enables businesses to manage their financial operations seamlessly.
  • Multi-dimensional report and instant update: Viindoo Accounting offers businesses a multidimensional report and instant update feature. This enables businesses to make informed decisions by comparing data by the financial cycle, visualizing the financial trend over the months, periods, years, etc. The software offers an analytic feature that provides businesses with valuable insights into their financial data.

Zoho Books Software

Zoho Books is a cloud accounting software designed to provide small and medium-sized businesses with a powerful yet affordable accounting solution.

cloud accounting software

Zoho Books is one of the best cloud based accounting software

Here are some of the key features that make Zoho Books stand out:

  • Invoicing: Zoho Books makes it easy to create and customize professional invoices that can be sent to clients in a matter of seconds. Users can also set up recurring invoices for regular payments and accept payments through several payment gateways, including PayPal, Stripe, etc.
  • Expense Tracking: The software allows tracking expenses and categorizing them for better analysis. Users can also link bank accounts to the software to import transactions automatically.
  • Financial Reporting: Zoho Books generates financial reports like balance sheets, profit and loss statements, and cash flow statements, which help business owners make informed decisions. 
  • Mobile App: Zoho Books mobile app is available on both iOS and Android platforms, allowing users to access their accounting data and manage their finances on the go.
  • Add-Ons: Zoho Books provides various add-ons, including user access, snail mail add-on, and auto-scan add-on, to enhance the functionality of the software.

Sage Cloud Accounting Software

Sage Accounting Software is an accounting program that enables small business owners to manage their income and expenses, as well as track inventory and invoices. Sage Accounting Start supports a single user and costs $10 per month, while Sage Accounting supports multiple users and costs $25 per month but offers a 70% discount for the first six months.

accounting cloud software

Sage accounting cloud based software

Below are the key features of Sage accounting software on cloud:

  • Invoice Management: allows users to create, send and track invoices and enables customers to choose their preferred payment method through its integration with Stripe. It syncs payments to users' bank accounts, accepts card payments from anywhere, and tracks sent invoices and pending payments, including overdue ones.
  • Bill Payments: features accounts receivable (A/R) and accounts payable (A/P) functions that show how much a user owes suppliers and how much customers owe them. Its automated A/R software creates and sends invoices and tracks payments, while the automated A/P feature keeps users abreast of what they owe, whom they owe, and when their payments are due.
  • Inventory Tracking: offers a real-time view of stock levels, allowing users to upload products and organize them into categories. They can track product quantities, set minimum reorder levels, and receive out-of-stock notifications, giving users insights into which products sell best and what they need to restock.
  • Business Reporting: generates financial reports, including cash flow statements, balance sheet data, profit analysis, sales tax reports, and reports in real-time. These reports help users make better business decisions necessary to grow their businesses.

Kashoo software

Kashoo is an accounting software on the cloud for small businesses. It provides professional invoicing, expense management, transaction tracking, payroll processing, and report generation features that can be accessed on any device. With different plans that can grow with the business, Kashoo is a suitable option for startups and SMEs who prefer to manage their accounts themselves.

cloud accounting software

Kashoo is among the best cloud based accounting software for small business

Key features of Kashoo accounting software include:

  • Payroll processing: Kashoo allows businesses to process payroll and manage employee payments.
  • Invoicing: Users can create professional invoices, send payment links, and track and receive payments.
  • Mobile app: Users can conveniently access Kashoo on iOS devices and enter business transactions when offline. The data syncs once connectivity returns.
  • Free version: There is a free version that enables invoicing and payment tracking.
    Unlimited users: Kashoo allows unlimited users without extra costs.
  • Bank connections: The software works with more than 5,000 banks across the globe. This allows users to sync financial accounts and import necessary data to balance accounts.
  • Integrations: Kashoo allows integration with third-party tools, such as SurePayroll, Stripe, BluePay, and Square.

Neat Accounting and Bookkeeping software

Neat cloud accounting software is a relatively new player in the accounting software market. It offers a comprehensive set of features to help small businesses and entrepreneurs manage their finances, invoicing, and document management all in one place.

cloud accounting software

Neat is a cloud accounting software for small business

Here are some of the key features of Neat:

  • Receipt Tracking: Neat's mobile app makes it easy to upload and match receipts, keeping businesses organized from the start. Users can also sort each receipt into a category to make it simple to know where the money is going.
  • Interactive Charts and Dashboards: Neat's charts and dashboards make it simple to see net cash flow based on income and expenses. Users can sort charts by date and view top expense categories and cash balance, as well as run custom reports on expenses, spending details, spending summaries, sales tax, and tax categories.
  • Financial Document Management: Neat allows scanning receipts for data and stores them securely in one place with bank-level security encryption. Users can sort documents with filters and keyword searches. This supports convenient searching for information. 
  • I​nvoicing: Using Neat, users can send customizable invoices to clients. Clients can then pay directly through credit or debit cards or bank transfers managed by WePay.
  • Guided Workflows: Neat's guided workflows help simplify processes. Therefore, small business owners can manage their finances with ease.

QuickBooks Online

QuickBooks Online is a popular accounting software on cloud that offers various features for accounting, invoicing, and expense tracking needs. It is ideal for small businesses that work with a bookkeeper or accountant and want to give them access to their files.

cloud accounting software

QuickBooks Online can be considered one of the best cloud based accounting software

Here are some of the key features of QuickBooks Online:

  • Invoicing: QuickBooks Online allows creating and sending invoices to customers and clients easily. Users can customize the invoice templates, set up recurring invoices, and track the status of unpaid invoices.
  • Receipt capture: Users can capture receipts using mobile devices and attach them to transactions in QuickBooks Online. This feature supports keeping track of expenses easily and ensures adequate information for tax purposes.
  • Income and expense tracking: Users can monitor income and expenses in real-time with QuickBooks Online. Users can also connect bank accounts and credit cards to the software to automatically import transactions and categorize them.
  • Tax deductions: QuickBooks Online helps identify eligible tax deductions. It can automatically categorize expenses and generate reports for tax preparation.
  • Mileage tracking: Users can track mileage for business purposes using the mobile app. QuickBooks Online uses GPS to automatically track mileage, which saves time and prevents missing deductions.
  • Bill management: Users can manage and pay bills in QuickBooks Online. The software allows setting up recurring bills, scheduling payments, and tracking the status of unpaid bills.
  • Inventory management: The Plus and Advanced plans of QuickBooks Online include inventory management features. Users can track inventory levels, set reorder points, and generate reports for making informed purchasing decisions.
  • Project profitability: The Plus and Advanced plans also include forecasting reports. Businesses can analyze sales trends, expenses, and other key metrics to identify opportunities for growth and improvement.

In conclusion, cloud accounting software has transformed traditional accounting practices into an efficient, reliable, and cost-effective system. By choosing suitable software to deploy, businesses can enhance operations and overall financial performance. Hopefully, this article by Viindoo helps readers find the appropriate solution.

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5+ Effective Cloud Accounting Software for Businesses
Viindoo Technology Joint Stock Company, Trịnh Thị Ngọc Anh 17 April, 2023

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