• 10 Best Accounting Software in the Philippines 2022 | QuickBooks, FreshBooks, Xero and More 1
  • 10 Best Accounting Software in the Philippines 2022 | QuickBooks, FreshBooks, Xero and More 2
  • 10 Best Accounting Software in the Philippines 2022 | QuickBooks, FreshBooks, Xero and More 3
  • 10 Best Accounting Software in the Philippines 2022 | QuickBooks, FreshBooks, Xero and More 4
  • 10 Best Accounting Software in the Philippines 2022 | QuickBooks, FreshBooks, Xero and More 5

10 Best Accounting Software in the Philippines 2022 | QuickBooks, FreshBooks, Xero and More

When starting a business, an accounting software is one of the most vital applications that you should get. Yes, you may still do manual accounting throughout your business, but we are already in the digital age where most processes are geared towards convenience and usability. There are benefits that every business owner should try to take advantage of, the most important of which is efficiency.


Any business accounting software should be able to deal with invoices, incoming or outgoing payments, receivables, or reports that allow you to analyze the financial health of your business. Below is the list of the best accounting software available for you to choose from, and to help you weed out the options, we have prepared a buying guide in the following section. 

This article's contributors

Editorial Team
  • Last updated: 08-30-2022
Table of Contents

Benefits of Having an Accounting Software

Benefits of Having an Accounting Software

Most businesses hire an accounting professional to handle their financial work. However, this will require a bump in the company's budget that can affect the overall cash flow, especially if your business is still small. Here are some advantages that accounting software has over hiring an accounting professional.

 
  • It Is Highly Affordable - The cost of getting software versus hiring an accounting professional or firm is a wise decision in the long run. Also, customizable accounting software can have add-ons that allow any user to ensure that it can fully function according to your needs.
  • It Saves Time - No more waiting time for your financial tasks or reports to finish. You can do it yourself with all the tools that are readily available at hand. 
  • It Is Accurate - Automation eliminates the chances of human error, and that is what accounting software offers. The software can connect directly to your bank accounts or pull out data from your database without the risk of typos and copy-paste errors.
  • It Is a One-Stop-Shop - Most accounting software vendors offer various built-in services in their products to cover payroll, tax compliance, bookkeeping, and more. You don't need to open several ledgers and accounts to reconcile your books since you can do it on a single platform only.

How to Choose an Accounting Software - Buying Guide

With hundreds of accounting software and tools available in the market, keeping your financial records is now easier than before. However, picking the most appropriate for your needs can be tricky. That is why we came up with a guide to assist you all the way. Check it out in the following sections.

Consider Your Needs and Accounting Skills

The best way to find out about your accounting needs is to take a look at how your business operates. If you're a small to medium-sized enterprise, your requirements might differ from those of a multinational corporation. Most software products are even tailor-made for certain businesses such as services, manufacturing, or restaurants. Below are some of the factors to consider.

Keep Tabs on Accounts Receivable and Payable

Keep Tabs on Accounts Receivable and Payable

Get a software product that lets you easily record both accounts receivable and payable. The accounting tool should assist you in managing your receivables efficiently by creating invoices and payment reminders or using payment gateways for online collection. Likewise, it should also allow you to track payables such as vendor bills, operating expenses, and reminders so you can pay on time.

Think About Cash or Accrual-Based Accounting

Think About Cash or Accrual-Based Accounting

Small businesses usually record transactions in terms of cash inflows and outflows. This is where cash-based accounting works best. For larger companies that buy and sell using credit, accrual-based accounting should work perfectly for recording accounts receivable and payable. An accounting software that offers both systems should be your best choice so you can easily switch systems.

Check if It Has a Payment Gateway Connectivity

Check if It Has a Payment Gateway Connectivity

Online payment is a safe and secure way of fulfilling your financial obligations, so it is common sense to set up a payment gateway for your business. Choose an accounting software that should be able to connect to your payment gateway provider for better monitoring. This will trigger an invoice and automatically update your system.

Generate Billing for Projects or Time-Based Services

Generate Billing for Projects or Time-Based Services

If your company does projects for clients, pick an accounting software that can handle project-based billing. The accounting tool must be able to record the hours actually spent on the project tasks and be able to convert this data into invoices. Also, the software should allow you to approve those records before invoice generation.

Bank Reconciliation Is Vital

Bank Reconciliation Is Vital

Fetching your bank statements automatically is an awesome feature if your accounting software has it. It should be able to allow you to set customized parameters or criteria that automatically classify and sort out the imported bank transactions. This method allows you to reconcile accounts faster and more efficiently.

Updated on Tax Rules and Computations

Updated on Tax Rules and Computations

Aside from being audit-ready, your business should be tax-ready too. Get a software that should be able to calculate your tax rates or liabilities. It must have the ability to generate tax reports for compliance with local tax rules and product regulations. The accounting tool must also be updatable to be in sync with the latest tax laws of the government.

Integration With Other Platforms Is an Advantage

Integration With Other Platforms Is an Advantage

Decide on an accounting software that can be integrated with third-party services such as project management tools, inventory management systems, or CRM (customer relationship management). This allows a user to work on customer records without leaving the accounting platform. All CRM changes or data manipulation should automatically update all records in the accounting documents. 

Generate Reports in a Breeze

Generate Reports in a Breeze

One of the best uses of an accounting software is its ability to generate reports in a single click. The software should be able to create reports in different accounting departments such as payables, receivables, inventory, taxes, or projects. These reports are accurate and should give you the best insight into how your business is doing and which areas you should focus resources on.

Review the Software's Features

Vendors of accounting software products tend to oversell their products, so the responsibility of choosing which features are actually helpful falls on the end-user. Here are some key features that you might like to have in your own accounting software.

Favor A User-Friendly Interface

Favor A User-Friendly Interface

Most people hate dealing with numbers, even business owners. A simpler approach to accounting data presentation is a crucial factor for any user. An uncluttered interface helps in creating a focus on the most important aspects of accounting. If calculations can be done automatically and the navigation is beginner-friendly, this will make your accounting tasks achievable.

Data Security Is Essential

Data Security Is Essential

An accounting software should have high levels of security and encryption to safeguard any sensitive information from the public's eye. There are apps that provide two-factor authentication and secure communication protocols. However, users must educate themselves about any security mechanisms involved before using the software.

A Cloud-Based Software Is Convenient

A Cloud-Based Software Is Convenient

Modern businesses are now using cloud computing to access their business anywhere and anytime with just a strong internet connection. All updates and software patches are done on the server's end, so you don't need to pay an IT professional to deal with it. Also, all your data are safely stashed in a remote server and are safe in case your area experiences any disaster.


Most third-party management software is integrated with an accounting software which is usually cloud-based. If you see this integration to be fit for your business, you can look into cloud-based business applications that offer this setup.

Mobile Apps Are Great to Have

Mobile Apps Are Great to Have

Checking your account on any device is ultra-convenient, especially when you want to monitor your business wherever you may be. Not all software publishers offer mobile apps, but the best ones do. These mobile versions let you run the entire accounting process and accomplish any tasks without using a desktop or laptop.

Add More Users If Needed

Add More Users If Needed

As a business owner, you have the sole right to grant limited or full access to your employees for the accounting software. For example, all of your employees may have access to timesheets but not on the inventory system if they aren't part of that inventory department. Some accounting systems let you add more users and access rights but may require you to subscribe to a higher pricing plan.

Take Note of Customer Service or Technical Support Capabilities

Take Note of Customer Service or Technical Support Capabilities

It is common for software providers to provide customer services or technical support to their customers. Most companies do this for free, yet others go the extra mile by providing it 24/7. Some software providers bundle their technical support into their subscription plans to assist their clients on the know-hows of the platform. 

Assess the Pricing and Get a Free Trial

Assess the Pricing and Get a Free Trial

As previously mentioned, solution providers offer pricing plans based on the features that may be included. The more customization and add-ons the package has, the higher its price may go. Take a look at your business and assess the complexity of the requirements that you need. Also, it is important to keep a budget in mind as you're sifting through the choices.


Many software or apps providers offer a limited free trial so users can experience their product. Free trials give users a basic idea of how the software works and ensures that all their expectations are met. A money-back guarantee clause is a good indicator that the software is legitimate and not a fly-by-night company.

Read Online Reviews and User Experiences

Read Online Reviews and User Experiences

The higher the customer satisfaction is, the wider their customer base will be and the better the pricing is. Customer testimonials provide proof that their software works, and businesses put their trust in the product. Also, potential customers can evaluate the vendor's online reputation and see how they treat their old customers.

Compare the Best Accounting Software

Image
1
Intuit Inc. QuickBooks Online Accounting 1

Intuit Inc.

2
FreshBooks FreshBooks Accounting 1

FreshBooks

3
Xero Ltd Xero Accounting 1

Xero Ltd

4
Wave Financial Inc. Wave Accounting Software 1

Wave Financial Inc.

5
Sage Global Services Ltd Sage Accounting 1

Sage Global Services Ltd

6
Zoho Corporation Zoho Books 1

Zoho Corporation

7
Kashoo Cloud Accounting Kashoo 1

Kashoo Cloud Accounting

8
Acclivity Group LLC AccountEdge Pro 1

Acclivity Group LLC

9
ZipBooks ZipBooks 1

ZipBooks

10
OneUp OneUp 1

OneUp

Name

QuickBooks Online Accounting

FreshBooks Accounting

Xero Accounting

Wave Accounting Software

Sage Accounting

Zoho Books

Kashoo

AccountEdge Pro

ZipBooks

OneUp

Features

The Best Cloud-Based Accounting Software for Small Businesses

The Right Solution for Service-Based Businesses

A Powerful Software for Growing Businesses

A Freemium yet Comprehensive Accounting Tool

Freelancers and the Self-Employed Will Love This Software

The Best Tool for Microbusinesses

An Accounting Software for Startups

The Best Software for Experienced Accountants

Get the Basic Features of a Premium Software for Free

An Inventory Specialty Software for Online Sellers

Price Starts at₱405₱380₱1,012₱0₱506₱0₱0₱759₱0₱455
FeaturesAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking, Payroll Management, Tax ManagementAccounts Receivable, Billing & Invoicing, Expense TrackingAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fixed Asset Management, Fund Accounting, Government, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax ManagementAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fixed Asset Management, Fund Accounting, Government, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax ManagementAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking, Nonprofits, Payroll Management, Tax ManagementAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Purchase OrdersAccounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Payroll Management, Project Accounting, Tax ManagementAccounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fund Accounting, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax ManagementAccounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fund Accounting, Government, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax ManagementAccounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking
Cloud-BasedYesYesYesYesYesYesYesYesYesYes
IntegrationConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, PaymentsConsolidations, Batch Input, Ecommerce, Email Marketing, CRM, PaymentsConsolidations, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, PaymentsConsolidations, Point of Sale, Ecommerce, Email Marketing, CRM, PaymentsConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, PaymentsConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, PaymentsConsolidations, Batch Input, Point of Sale, Ecommerce, Inventory, PaymentsConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, PaymentsConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, Payments Mobile App: NoneConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, Payments
Mobile AppAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOSAndroid, iOS, MicrosoftiOS, Google WorkspaceiOSNoneAndroid
Free Trial30 Days30 Days30 DaysUnlimited30 DaysUnlimited14 Days30 Days30 Days30 Days
Link

10 Best Accounting Software to Buy Online

The products we introduce below were carefully curated by the mybest team using the points mentioned in our detailed and thoroughly researched buying guide.

**Prices may vary depending on the website and their campaign period**

1
FeaturesAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking, Payroll Management, Tax Management
Cloud-BasedYes
IntegrationConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, Payments
Mobile AppAndroid, iOS
Free Trial30 Days
2
FeaturesAccounts Receivable, Billing & Invoicing, Expense Tracking
Cloud-BasedYes
IntegrationConsolidations, Batch Input, Ecommerce, Email Marketing, CRM, Payments
Mobile AppAndroid, iOS
Free Trial30 Days
3
FeaturesAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fixed Asset Management, Fund Accounting, Government, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax Management
Cloud-BasedYes
IntegrationConsolidations, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, Payments
Mobile AppAndroid, iOS
Free Trial30 Days
4
FeaturesAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fixed Asset Management, Fund Accounting, Government, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax Management
Cloud-BasedYes
IntegrationConsolidations, Point of Sale, Ecommerce, Email Marketing, CRM, Payments
Mobile AppAndroid, iOS
Free TrialUnlimited
5
FeaturesAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking, Nonprofits, Payroll Management, Tax Management
Cloud-BasedYes
IntegrationConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, Payments
Mobile AppAndroid, iOS
Free Trial30 Days
6
FeaturesAccounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Purchase Orders
Cloud-BasedYes
IntegrationConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, Payments
Mobile AppAndroid, iOS, Microsoft
Free TrialUnlimited
7
FeaturesAccounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Payroll Management, Project Accounting, Tax Management
Cloud-BasedYes
IntegrationConsolidations, Batch Input, Point of Sale, Ecommerce, Inventory, Payments
Mobile AppiOS, Google Workspace
Free Trial14 Days
8
FeaturesAccounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fund Accounting, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax Management
Cloud-BasedYes
IntegrationConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, Payments
Mobile AppiOS
Free Trial30 Days
9

ZipBooksZipBooks

From ₱0

FeaturesAccounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking, Fund Accounting, Government, Nonprofits, Payroll Management, Project Accounting, Purchase Orders, Tax Management
Cloud-BasedYes
IntegrationConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, Payments Mobile App: None
Mobile AppNone
Free Trial30 Days
10
FeaturesAccounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking
Cloud-BasedYes
IntegrationConsolidations, Batch Input, Point of Sale, Ecommerce, Email Marketing, Inventory, CRM, Payments
Mobile AppAndroid
Free Trial30 Days

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Summary

Not all business owners are adept in bookkeeping or inventory management; that is why an accounting software is essential to make every financial transaction go smoothly. We hope you've already found your best bet from the list we've provided. And if you're still looking around, you can always refer to the buying guide included here.


Author: C. Lacson

Editor: R. Umlas

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