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Bookkeeping is a critical aspect of running a business. It involves recording and tracking all financial transactions, analyzing financial statements, and ensuring that the business is compliant with tax regulations. Bookkeeping can be time-consuming and complex, especially if you are not an expert. Fortunately, there are various bookkeeping software that can help simplify the process and make it easier for you to manage your finances. If you are a Mac user, this article is for you. We have compiled a list of the best bookkeeping software for Mac to help you keep your finances in check.
Video Tutorial:
What is Bookkeeping Software?
Bookkeeping software is a tool that automates the process of recording and organizing financial transactions. It replaces manual bookkeeping tasks, such as recording financial transactions, balancing accounts, and generating financial statements with automated processes. Bookkeeping software is designed to be user-friendly and can simplify tasks that would otherwise take hours to complete.
Top 8 Best Bookkeeping Software for Mac
1. QuickBooks Desktop for Mac 2021
QuickBooks Desktop for Mac is a popular and comprehensive bookkeeping software for Mac users. This software offers features such as invoicing, expense tracking, bank reconciliation, and financial reporting. QuickBooks Desktop for Mac is user-friendly and easy to set up. You can also integrate it with other QuickBooks products, such as QuickBooks Payroll and QuickBooks Online. Overall, QuickBooks Desktop for Mac is an excellent bookkeeping software for small businesses and freelancers.
Pros:
- User-friendly interface
- Comprehensive financial tracking features
- Integration with QuickBooks products
Cons:
- Relatively expensive compared to other bookkeeping software
2. Xero
Xero is cloud-based bookkeeping software that is popular among small businesses and freelancers. This software provides features such as invoicing, expense tracking, bank reconciliation, and financial reporting. Xero is easy to set up, and it integrates with a variety of other business apps. Overall, Xero is an excellent bookkeeping software for Mac users who prefer cloud-based solutions.
Pros:
- Cloud-based bookkeeping software
- Easy to set up
- Integration with a variety of other business apps
Cons:
- Relatively expensive compared to some other bookkeeping software
3. FreshBooks
FreshBooks is another popular bookkeeping software for Mac users. This software offers features such as invoicing, time tracking, expense tracking, and financial reporting. FreshBooks is easy to set up and use, and it offers integrations with a variety of other business apps. Overall, FreshBooks is an excellent bookkeeping software for small businesses and freelancers.
Pros:
- User-friendly interface
- Comprehensive financial tracking features
- Integration with various business apps
Cons:
- Relatively expensive compared to some other bookkeeping software
4. Wave
Wave is a free bookkeeping software that is popular among small business owners and freelancers. This software offers features such as invoicing, expense tracking, bank reconciliation, and financial reporting. Wave is easy to set up and use, and it provides integrations with a variety of other business apps. Overall, Wave is an excellent free bookkeeping software for Mac users.
Pros:
- Free to use
- User-friendly interface
- Comprehensive financial tracking features
Cons:
- Limited customer support
- May not be suitable for larger businesses
5. ZipBooks
ZipBooks is a cloud-based bookkeeping software that is free for users to use. This software offers features such as invoicing, expense tracking, bank reconciliation, and financial reporting. ZipBooks is easy to set up and use, and it provides integrations with a variety of other business apps. Overall, ZipBooks is an excellent free bookkeeping software for Mac users.
Pros:
- Free to use
- User-friendly interface
- Comprehensive financial tracking features
Cons:
- Limited customer support
- May not be suitable for larger businesses
6. Zoho Books
Zoho Books is cloud-based bookkeeping software that offers features such as invoicing, expense tracking, bank reconciliation, and financial reporting. Zoho Books is easy to set up and use, and it provides integrations with a variety of other business apps. Overall, Zoho Books is an excellent bookkeeping software for Mac users who prefer cloud-based solutions.
Pros:
- User-friendly interface
- Comprehensive financial tracking features
- Integration with a variety of other business apps
Cons:
- Relatively expensive compared to some other bookkeeping software
7. AccountEdge Pro
AccountEdge Pro is a full-featured bookkeeping software for Mac users. This software offers features such as invoicing, expense tracking, bank reconciliation, and financial reporting. AccountEdge Pro is easy to set up and use, and it provides integrations with a variety of other business apps. Overall, AccountEdge Pro is an excellent bookkeeping software for small businesses and freelancers.
Pros:
- User-friendly interface
- Comprehensive financial tracking features
- Integration with various business apps
Cons:
- Relatively expensive compared to some other bookkeeping software
8. KashFlow
KashFlow is a web-based bookkeeping software that offers features such as invoicing, expense tracking, bank reconciliation, and financial reporting. KashFlow is easy to set up and use, and it provides integrations with a variety of other business apps. Overall, KashFlow is an excellent bookkeeping software for Mac users who prefer web-based solutions.
Pros:
- User-friendly interface
- Comprehensive financial tracking features
- Integration with various business apps
Cons:
- Relatively expensive compared to some other bookkeeping software
Comprehensive Comparison of Each Software
| Software | Free Trial | Price | Ease-of-use | Value for Money |
|---|---|---|---|---|
| QuickBooks Desktop for Mac 2021 | 30-day free trial | $299.99/year | Easy | Excellent |
| Xero | 30-day free trial | $11/month | Easy | Good |
| FreshBooks | 30-day free trial | $4.50-$15/month | Easy | Good |
| Wave | Free | Free | Easy | Excellent |
| ZipBooks | Free | Free | Easy | Excellent |
| Zoho Books | 14-day free trial | $9-$29/month | Easy | Good |
| AccountEdge Pro | 30-day free trial | $449.00 one-time fee | Moderate | Good |
| KashFlow | 14-day free trial | £15/month | Easy | Good |
Our Thoughts on Bookkeeping Software for Mac
Bookkeeping software can be a great asset for small business owners and freelancers. It can help them keep track of expenses, generate invoices, and monitor their financial health. The bookkeeping software we have recommended in this article are some of the best for Mac users. While each software has its pros and cons, it is important to consider your specific business needs when choosing a bookkeeping software.
5 FAQs About Bookkeeping Software
Q1: What is the difference between cloud-based and desktop bookkeeping software?
A: Cloud-based bookkeeping software is accessed through the internet and is stored on remote servers. Desktop bookkeeping software is installed on a local computer and is accessed through that computer.
Q2: Can bookkeeping software generate financial statements?
A: Yes. Bookkeeping software can generate financial statements such as income statements, balance sheets, and cash flow statements.
Q3: Can bookkeeping software track expenses?
A: Yes. Bookkeeping software can help you track expenses by allowing you to input expenses, categorize them, and generate reports.
Q4: Can bookkeeping software help with tax compliance?
A: Yes. Bookkeeping software can help with tax compliance by providing income statements, expense reports, and other financial reports that can be used to prepare tax returns.
Q5: What should I consider when choosing a bookkeeping software?
A: When choosing a bookkeeping software, consider the features offered, ease of use, cost, and integrations with other business apps.
In Conclusion
Bookkeeping is a critical aspect of running a business, and bookkeeping software can make it easier for small business owners and freelancers. The bookkeeping software we have recommended in this article are some of the best for Mac users. Consider your specific business needs before choosing a bookkeeping software.