Vishal Kashyap Apr 15, 2025

10 Best Accounting Software for 2025

The 10 best accounting software in 2025 include Tally, Quickbooks, Xero, Microsoft Dynamics, Odoo, Zoho books, Sage 50, Oracle, SAP ERP and Netsuite. Today, small to medium startups to large enterprises use Accounting software to automate financial tasks, streamline bookkeeping, and ensure regulatory compliance.

Now, you might be thinking, "With all this automation, are accountants going to be replaced by robots?" Quite the opposite! Even with AI stepping in, the demand for skilled accountants is still on the rise. Labour statistics predict a solid 6% growth in accounting and auditing jobs from 2023 to 2033, which is faster than average.

Choosing the right Accounting training for accounting software can feel overwhelming—especially when you’re exploring the Top Accounting Skills. To help you decide, we'll take a closer look at the top 10 accounting software solutions. We'll delve into their key features, weigh their pros and cons, and guide you toward the perfect fit for your professional journey!

Top Accounting Software for SMEs and Large Corporations

Accounting Software can broadly be categorised based on its suitability for Small and Medium-sized Enterprises (SMEs) and large corporations. The table highlights some of the leading accounting software options tailored for SMEs and large corporations.

Accounting Software for SMEs	Accounting Software for Large Corporations
Tally ERP9 Xero QuickBooks Odoo Zoho Books Sage 50cloud Accounting	Microsoft Dynamics 365 Finance Oracle SAP S/4HANA Netsuite

The advantages of an accounting career are numerous, making it an attractive option for many individuals. Now let’s take a brief look at the top 10 accounting software, its features, pros and cons;

1. Tally ERP9

Tally is a widely used accounting software, especially in SMEs (Small and Medium Enterprises). It offers features like GST compliance, payroll management, and financial reporting. Tally’s user-friendly interface makes it an excellent choice for businesses that require simple yet powerful accounting tools. To fully leverage these capabilities, consider specialized Tally training.

Features of Tally software

Comprehensive financial management
Inventory management
GST compliance and e-invoicing
Credit and Cashflow Management
Taxation and Compliance
Banking and Net Capabilities
Cost Control and Cost Analysis

Pros of Tally software

User-friendly interface
Strong reporting capabilities
Affordable for small businesses

Cons of Tally software

Limited integrations with other software
Primarily focused on Indian market regulations

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2. Xero

Xero is a cloud-based accounting solution known for its intuitive design and automation capabilities. It integrates seamlessly with multiple third-party applications, making it a great choice for startups and growing businesses looking for flexibility and scalability. Today Xero is increasingly used by startups and small businesses around the world. You can consider enrolling in a Xero Course to gain essential skills to enhance your business productivity.

Xero Software Features

Cloud-based accounting
Invoicing and billing
Bank reconciliation
Inventory tracking

Pros of Xero Software

Intuitive user interface
Strong mobile app
Excellent customer support

Cons of Xero Software

Limited reporting features compared to competitors
Can be expensive for larger teams

3. QuickBooks

QuickBooks by Intuit remains a favourite among small and medium enterprises. With features like invoicing, payroll management, and tax calculations, it offers a comprehensive financial management solution. Its cloud-based version, QuickBooks Online, enhances accessibility and collaboration.

Quickbooks also offers features that are tailored to specific country regulations. For example, QuickBooks offers versions customized for the United Arab Emirates (UAE), incorporating Value Added Tax (VAT) compliance and other regional requirements. This localization trend is expected to continue, with software providers adapting to diverse tax laws and reporting standards globally. If you want to become an Accounting Professional in Dubai, you can confidently start with the best QuickBooks Training.

QuickBooks Features

Invoicing and payments
Expense tracking
Payroll management
Financial reporting

Pros of QuickBooks

Extensive features for small businesses
Strong integration capabilities
User-friendly interface

Cons of QuickBooks

Can become costly with add-ons
Some users report performance issues

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4. Microsoft Dynamics

Microsoft Dynamics offers robust financial management solutions tailored for large corporations. But this accounting software is also used in mid-sized businesses. Microsoft Dynamics integrates seamlessly with other Microsoft products, providing a unified ecosystem for accounting, CRM, and ERP needs.

Microsoft Dynamics Features

Financial management
Supply chain management
Project management
Business intelligence

Pros of Microsoft Dynamics

Highly customisable
Integrates well with other Microsoft products
Scalable for larger businesses

Cons of Microsoft Dynamics

Complex setup and learning curve
Higher cost compared to other solutions

5. Odoo

Odoo is an open-source ERP solution that includes accounting modules suitable for medium-sized businesses. With its modular approach, businesses can customize their accounting software based on their needs, making it a cost-effective choice.

Odoo Features

Integrated apps for various business functions
Customizable modules
Inventory and project management
CRM capabilities

Pros of Odoo

Open-source and highly customizable
Affordable for startups
A comprehensive suite of applications

Cons of Odoo

Requires technical knowledge for customization
A large number of features can cause confusion

6. Zoho Books

Zoho Books is an affordable yet feature-rich cloud accounting software tailored for growing businesses. It offers automation, tax compliance, and seamless integration with other Zoho products, making it an excellent choice for businesses looking for a comprehensive financial solution.

Zoho Books Features

Automated workflows
Multi-currency support
Time tracking
Comprehensive reporting

Pros of Zoho Books

Affordable pricing
Strong automation features
Good customer support

Cons of Zoho Books

Limited third-party integrations
Some features may be complex for beginner

7. Sage 50

Sage 50 is a powerful accounting solution for small and medium businesses. It offers inventory management, invoicing, payroll, and tax preparation features, making it a versatile tool for financial management.

Sage 50 Features

Advanced inventory management
Job costing
Payroll processing
Financial reporting

Pros of Sage 50

Strong reporting capabilities
Good for project-based businesses
User-friendly interface

Cons of Sage 50

Desktop-based, limiting remote access
Higher cost for advanced features

8. Oracle NetSuite

NetSuite by Oracle is an all-in-one cloud-based accounting and ERP solution. It offers real-time financial tracking, automation, and scalability, making it ideal for large enterprises with complex financial needs. If you are interested in working in large companies, then gaining Oracle training will be a good choice.

Features of Oracle NetSuite

Comprehensive financial management
Advanced analytics
Risk management
Global compliance

Pros of Oracle NetSuite

Highly scalable
Strong security features
Extensive reporting capabilities

Cons of Oracle NetSuite

Complex implementation
High cost

9. SAP S/4HANA

SAP is a globally recognized enterprise accounting and financial management solution. SAP S/4HANA is the latest generation of SAP's ERP software. It is designed to help businesses manage their core processes and data in a streamlined and efficient way. Many companies and organisations around the world use SAP. As a result, being an expert in SAP software can help lead you to a management or leadership position. Consider taking SAP Courses to boost your career and develop your skill set to perform at your best.

SAP S/4HANA Features

Real-time analytics.
Simplified data model.
Embedded analytics.
Fiori user experience.
In-memory computing (HANA).
Advanced planning and simulation.
Digital core integration.
AI and machine learning.
Flexible deployment (cloud/on-premise).
Industry-specific solutions.
Integrated business processes.
Global tax compliance.

Pros of SAP S/4HANA

Highly customizable
Strong global presence
Comprehensive functionality

Cons of SAP S/4HANA

Expensive and complex to implement
Steep learning curve

10. NetSuite

NetSuite provides a flexible, cloud-based financial management solution for medium businesses looking to scale. It offers real-time visibility, automation, and AI-driven insights to optimize financial operations.

NetSuite Features

Cloud-based ERP
Financial management
CRM capabilities
E-commerce integration

Pros of NetSuite

A comprehensive suite of applications
Strong reporting and analytics
Scalable for growing businesses

Cons of NetSuite

High cost
Complex setup

Bonus Point

Wave

Wave is a free accounting software solution ideal for freelancers and small businesses. It offers features like invoicing, expense tracking, and financial reporting without the hefty price tag, making it a great choice for startups with limited budgets.

Wave Features

Free accounting software
Invoicing and billing
Receipt scanning
Financial reporting

Pros

Completely free for basic features
User-friendly interface
Good for freelancers and small businesses

Cons

Limited features compared to paid software
Customer support can be lacking

How to choose the best accounting software for Professionals and Businesses?

Now that you know the top 10 accounting software in the market, the next big step is to decide which is suitable for you or your business. The choice of accounting software depends on various factors, including the size of the business, its industry, budget, and specific accounting needs.

According to Sharafudheen Manglad, CEO of Edoxi Training Institute, a leading voice in professional development, “Tally and QuickBooks are essential skills for individuals looking to launch a successful accounting career”. So if you are looking forward to becoming an entry-level accountant, then you can start by gaining skills in Tally or QuickBooks software.

Each accounting software brings something valuable to the table, whether it's user-friendly interfaces, advanced features, or customization capabilities. As technology continues to advance, investing in the right accounting software can streamline your financial processes, enhance compliance, and ultimately drive your business's growth.

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Vishal Kashyap

Vishal Kashyap brings 14 years of exceptional training experience to Edoxi Training Institute. He specialises in accounting software, IFRS, and QuickBooks Desktop and Online versions. He has guided over 1,500 professionals in mastering computerized accounting systems and ensures students receive up-to-date knowledge of industry trends.

Vishal is a former Training Manager and Master Trainer at ICA Eduskills and has developed a strong expertise in delivering accounting software education for the UAE's business environment. His training approach combines theoretical knowledge with practical application, focusing on real-world scenarios. He emphasizes hands-on learning and encourages independent problem-solving while providing continuous support to his students.

10 Best Accounting Software for 2025