The Best Accounting Software for Home & Business

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An overhead view of a woman doing accounting at home at the table.
An overhead view of a woman doing accounting at home at the table. (Image: AmmentorpDK/iStock/Getty Images)

When it comes to your home or business, making sure your finances are in order is of paramount importance. Several software packages are designed for home and business financing. Examine the products available and determine which features and price are right for you.

Home Accounting

If you’re looking for a basic accounting program to keep track of your home finances, it probably won’t be necessary to purchase one of the most advanced programs. There are programs such as Quicken Starter Edition, as well as Moneydance and AceMoney that all rank highly in terms of ease-of-use and features available. Of those three, the Quicken Starter Edition also has an upgrade option to move to Quicken Deluxe. These products range in price from $30 to $40.

An overhead view of a woman doing accounting at home at the table.
An overhead view of a woman doing accounting at home at the table. (Image: AmmentorpDK/iStock/Getty Images)

Business Accounting

When it comes to business accounting, the choices for the top programs can be found with Peachtree Complete Accounting, as well as QuickBooks Pro and AccountEdge. Again, these were ranked high in software reviews for the ease-of-use as well as the myriad features they incorporate. All of them handle accounts receivable, accounts payable, inventory, creating reports, as well as time-billing functions and handling payroll. The range in prices is from $185 to $299.

Home and Business

If you’re looking for accounting software that does both home and business accounting, Quicken Home and Business accomplishes this. However, from reviews on the product, while it is capable handling the job, it is also limited in scope. Home accounts can be set up within one of the business accounting programs. In addition, there are online programs, such as Freshbooks and Outright, that are accessible from any computer. The price ranges from free to nearly $150 a month.

Apple

Software packages also are available for the Apple operating system. While more limited than the programs available for Windows, they include iBank, Quicken Essentials for Mac and Fortora Fresh Finance for Mac. As most businesses run on Windows computers, the offerings for Macs are limited. Prices range from $40 to $60.

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