Best Accounting Software For Large Businesses & Enterprises

Previously, QuickBooks Online was unsuited for larger businesses. However, the addition of the QuickBooks Advanced pricing plan offers up to 25 users, customizable user permissions, a Fathom reporting subscription, and other features such as Priority Care, making it a viable accounting solution for larger businesses.

QuickBooks Online boasts advanced features, strong accounting, full-featured mobile apps, and over 650+ integrations. One of the main selling points of QuickBooks Online is invoicing. There are plenty of attractive, customizable templates to choose from and advanced automations, such as recurring invoices, late invoice reminders, and the ability to auto-schedule invoices.

QuickBooks Online also offers a lending service called QuickBooks Capital, as well as QuickBooks Live, which pairs you with a virtual bookkeeper to help set up your account, review and close accounts, and provide expert accounting advice.

QuickBooks Online Pricing

QuickBooks Online offers four pricing plans ranging from $30-$200/month. The two biggest plans, Plus ($85/month with up to five users) and Advanced ($200/month with up to 25 users), are the best suited for large businesses. There are three payroll options priced at $45-$125/month plus $5-$10/month per employee.

(Note: You can add an unlimited number of time-tracking-only users to QBO.)

QuickBooks Online Features

QuickBooks Online has a strong feature set and great accounting capabilities, such as expense tracking, bank reconciliation, fixed asset management, a chart of accounts, accounts payable, journal entries, and up to 80 customizable reports (depending on your plan). Here are some of QuickBooks Online's other features:

• Invoices and estimates
• Contact management
• Inventory
• Project management
• Time tracking
• Budgeting
• Purchase orders

Would QuickBooks Online Work For My Business?

QuickBooks Online has always been ideal for small businesses, but its largest plan makes it a viable option for medium to large businesses that need cloud-based software with strong accounting, features, and mobile apps. The software is not ideal for businesses with over 25 users.

Xero is cloud-based accounting software that offers strong accounting, advanced features, and support for unlimited users.

While Xero has a semi-steep learning curve, that's the price you pay for advanced features, such as detailed contact management, inventory, project management, time tracking, budgeting, and more. The company's customer service and mobile apps leave something to be desired, but Xero still receives many positive customer reviews. Xero also has some of the best security on the market when it comes to cloud-based accounting and offers 800+ integrations. Xero also has several automations to save you valuable time. You can set recurring invoices, automatic invoice reminders, and default email messages, to name a few.

Xero is easy to use once you get to know the software. Although the interface is well-organized, setting up the software and learning how Xero works can be difficult. If you can get past the semi-steep learning curve, Xero's advanced features and other offerings are more than worth it.

Xero Pricing

Xero offers three pricing plans ranging from $12-$65/month. Each plan comes with unlimited users. The larger the plan, the more features you have access to. Xero does not offer payroll; however, it does integrate directly with Gusto, starting at $39/month + $6/month per person.

Xero Features

Xero supports expense tracking, bank reconciliation, fixed asset management, and depreciation schedules, a chart of accounts, accounts payable, journal entries, and over 55 customizable reports. Some of our other favorite features include:

• Invoices and estimates
• Expense claims
• Inventory
• Project management
• Time tracking
• Budgeting
• Class tracking

Would Xero Work For My Business?

Xero is a great choice for medium- to large-sized businesses. It offers unlimited users, tons of features, and strong accounting to meet almost any business need -- and what Xero doesn't have, one of its 800+ integrations will.

FINSYNC was designed to be the all-inclusive accounting software created to "get your finances in sync." This cloud-based software provides impressive features and unlimited users in a well-organized, easy-to-use package. One of FINSYNC's unique aspects is its cash flow feature. The software helps you visualize and analyze your cash flow so that you can have more control over your business's finances and better plan for your company's future. The company also has wonderful customer support, which is more than its competitors Xero and QuickBooks can say.

FINSYNC offers a beautiful UI that is well-organized and easy to use. The company also offers a "concierge" service where you can pay to have a FINSYNC expert set up your account for you -- not a bad option for businesses dreading the transition to a new program.

While the software has a lot going for it, there are a few drawbacks, such as a lack of mobile apps and a limited selection of integrations. But if your company doesn't rely on these, FINSYNC could be an affordable choice.

FINSYNC Pricing

With FINSYNC, you can buy the payments ($10/month), accounting and cash flow analysis ($55/month), and payroll services à la carte ($40/month), or you can pay $95/month for all three (plus payment processing transactions charges).

FINSYNC Features

For such a young company, FINSYNC offers an impressive number of features. In terms of accounting, you'll find the staples, such as expense tracking, bank reconciliation, accounts payable, and a chart of accounts. The software could offer more reports, but it does cover the basics. In addition to these features, FINSYNC also provides:

• Invoicing
• Estimates
• Contact management
• Inventory
• Time tracking
• Budgeting
• Class tracking

Would FINSYNC Work For My Business?

FINSYNC is a great option for medium to larger businesses with multiple users looking for advanced features and cash flow management -- plus, FINSYNC could be cheaper than both Xero and QBO. The software is not ideal for businesses in need of mobile apps or a large number of integrations.

Netsuite ERP is ideal for enterprises that have grown out of their accounting software and are ready for full ERP software. ERP software is a complete business management solution that encompasses accounting, analytics, business planning, inventory, sales management, and human resources, all in one.

NetSuite ERP goes far above and beyond anything Xero and QuickBooks Online can offer. The software supports countless features, 450+ integrations, strong security, and multiple NetSuite modules to fit any other business needs you may have. One of the most notable aspects of NetSuite ERP is the level of analytics and reporting available. The software shows your business's KPIs (Key Performance Indicators) and offers dozens of reports. NetSuite is also incredibly customizable and well-suited for international businesses needing multiple currency support. It's worth noting that NetSuite SRP, a complete business management solution for service-based businesses, is also available.

NetSuite has a steep learning curve because of the vast amount of functions and feature depth that the software provides. All of this does come at a hefty price, but for businesses looking for a full ERP, NetSuite is a good place to start.

NetSuite Pricing

Since NetSuite is a full ERP system, prices vary depending on your specific company's needs. For this reason, NetSuite does not disclose pricing information and potential users. However, we can tell you that the software can range anywhere from $10,000/year to $1,000,000/year. NetSuite ERP includes payroll, but you will have to pay extra for customer support. Contact NetSuite directly for a custom quote.

NetSuite Features

NetSuite has an incredible number of features. In terms of accounting, the software offers expense tracking, bank reconciliation, a chart of accounts, accounts payable, ample reports, and more. Here are some of the other features you can expect with NetSuite ERP:

• Invoices and estimates
• Contact and vendor management
• Inventory
• Payroll
• Human resources
• Budgeting
• Class tracking

Would Netsuite Work For My Business?

NetSuite is ideal for enterprises needing a cloud-based ERP solution with advanced features, strong reporting, and numerous integrations. The software is not ideal for the average medium or large business, as the sheer number of features and the steep cost would be overkill.

Businesses that aren't quite ready for a full ERP solution but have outgrown their accounting software might want to give QuickBooks Enterprise a look. This software is ideal for businesses that like what QuickBooks has to offer but want a more robust feature set and support for up to 40 users.

QuickBooks Enterprise comes loaded with great accounting features, numerous integrations, and hundreds of reports. Additionally, the software offers a few unique features you won't find with other accounting software, such as business plans and cash flow projections. You can choose the standard edition or one of six industry editions that offer industry-specific features and reports.

Your annual subscription also includes automatic backups and upgrades, built-in payroll, and premium customer support. Depending on the plan you select, you may also have access to features such as advanced inventory and item pricing as well as advanced time tracking. You can also choose from locally-installed software or local software with cloud access.

QuickBooks Enterprise Pricing

QuickBooks Enterprise pricing for a single user ranges from $1,740-$4,200/year for a plan with built-in payroll. Pricing for a subscription without payroll starts at $1,340/year. If you want a subscription that includes cloud access, pricing starts at $199/month. Additional users will drive your costs up further, as well as signing up for add-on services, such as QuickBooks Time, Assisted Payroll, and Salesforce CRM Connector.

QuickBooks Enterprise Features

QuickBooks Enterprise has everything you'd expect from accounting software and then some. With all plans, you'll receive standard features, such as a chart of accounts, accounts payable, 200+ reports, expense tracking, and more, including:

• Invoices and estimates
• Contact and lead management
• Inventory
• Project management
• Time tracking
• Budgeting and planning
• Payroll

Would QuickBooks Enterprise Work For My Business?

QuickBooks Enterprise is a good solution for businesses that have outgrown other QuickBooks products but arent quite ready for the complexities or expenses of full ERP software. The cost and number of features make this software unsuitable for smaller businesses, while very large businesses with more than 40 users may also need to seek out other accounting solutions.

If you're ready to move beyond accounting software and want a fully customizable business solution, Odoo may have exactly what you're looking for. This open-source ERP software can be customized to best fit the needs of your business, offering far more features than traditional accounting software.

Odoo allows you to select from multiple applications to create your own custom ERP solution. In addition to accounting, you can choose from various apps, such as CRM, eCommerce, inventory, timesheets, project management, and more. Cloud-based and on-premise options are both available.

A highlight of Odoo is that it's easy to use -- no steep learning curves here. Odoo is intuitive, well-organized, and walks you through the features to help you get the most out of the software.

Odoo Pricing

One drawback of Odoo is its complicated pricing structure. Odoo's online software starts at $0/month for one application. Users that need multiple applications will pay $35/month per user plus the cost of applications. For businesses with more than 50 users, Odoo recommends its on-premise solutions, which range from free to $28/month per user plus the cost of applications. Additional costs such as implementation fees may apply.

Odoo Features

The features you'll have access to depend on the applications you sign up for. For accounting, specifically, you'll find everything you would expect from accounting software, such as bank reconciliation, chart of accounts, and expense tracking. Other features include:

• Invoicing
• Contact management
• Fixed asset management
• Accounts payable
• Budgeting
• Reports

Would Odoo Work For My Business?

Businesses seeking a customizable ERP that goes beyond simply accounting will appreciate the many features that Odoo packs in its easy-to-use software. Odoo is ideal for businesses of all sizes, and though its pricing structure is complicated, there are pricing options that fit practically any budget. Businesses that want robust accounting software and aren't looking for an ERP system may want to look elsewhere, as Odoo does lack some accounting features and integrations that you can find with traditional accounting software.