The 5 Best Accounting Software For UAE Small Businesses in 2021
Accounting is the heart of all small businesses’ operations, but various companies often lack the means to justify hiring an accountant. So in many cases, the burden falls on them to figure that side of things out on their own — leading many to look into accounting software. But the landscape for those solutions is packed, and it can be tough to know where to start.
read on to see which accounting software is right for your business.
Our Pick of Top 5 for 2021
- Best Overall: Tally Prime
- Runner-up: Intuit QuickBooks
- For Service-Based Businesses: FreshBooks
- Best for Micro-Business Owners: Xero
- For Automation: Zoho Books
1. Tally Prime
Pricing: Starts at $640/year
Most of the small businesses in Mena are powered tally. Tally Prime is the latest offering which has been customized by keeping different International accounting standards and used across businesses.
For over two decades Tally has dominated the International accounting software market for small businesses. Tally has been developed by “Tally solutions private limited”. Best part of this accounting software is easy implementation and use. Trained accounting professionals are readily available in market due to which employer is not required to train their employees.
With tally you can manage almost all of your accounting requirements like inventory, sales, purchases, manufacturing cost, payroll and other statutory year end processes. Indian accountants are so used to this accounting software that it will be very difficult for other products to take over tally.
Tally works well for small- to medium-sized businesses. It is on the more expensive side of the tools on this list, but it has an impressive enough suite of features to back its prices up. If your small business is more mature than most — and you can afford to spend a little extra on your accounting software
2. Intuit QuickBooks
Pricing: Starts at $8.40/month
QuickBooks Online is the Second best accounting software for UAE small businesses in our list. Not only do the majority of small business accounting professionals use QuickBooks Online, but there are also endless online training resources and forums to get support when needed. The best feature of this software is access to all main features directly on a central dashboard, making bookkeeping more fluid and efficient.
Beyond its top-of-the-line suite of capabilities, the program sets itself apart with elements like receipt capture and 24/7 chat support.
It also features integrations with PayPal, Shopify, and Square. these components, coupled with all the other features make Quickbooks a crowd-pleasing small business accounting software.
All plans allow you to track income and expenses, send invoices and receive payments, run reports, send estimates, track sales and taxes, and capture and organize receipts. More advanced plans allow you to track inventory, track time, and even run full-service payroll.
3. FreshBooks
Pricing: Starts at $6/month
FreshBooks is a Canadian-based company that was founded in Toronto in 2003. It uses cloud-based accounting and invoice software that can be accessed via iPhone, Android, and iPad apps.
The most important accounting aspect for most service-based businesses is invoicing. FreshBooks offers more invoicing customizations compared to other accounting software. Its primary function is to send, receive, print, and pay invoices, but it can also take care of a business’ basic bookkeeping needs as well. This accounting software makes it easier for service-based businesses to send proposals and invoices, request deposits, collect client retainers, track time on projects, and receive payments.
According to its website, FreshBooks’ software can help users save up to 46 hrs a year on filing for their taxes.
It even includes a feature that lets see the exact location a customer opened your invoice. With affordable plans to accommodate businesses of virtually every size, it’s definitely worth considering.
4. Xero
Pricing: Starts at $20/month
Xero is a web-based accounting system designed for small and growing businesses. It was founded in New Zealand in 2006 and is used by small business owners, accountants, and bookkeepers. It’s known for its intuitive, easy-to-read dashboard, and can be used to collaborate with multiple users including team members, employees, and your accountant. No accounting knowledge is necessary, and it’s generally considered easy to set up and use. It’s cloud-based and also has Android and iPhone apps.
Xero offers three monthly subscription options and a full-service payroll add-on: Early at $20 per month, Growing at $30 per month, and Established at $40 per month. The full-service payroll option is offered through Gusto and is an additional $39 per month, plus $6 per employee. The company offers a 30-day free trial and a promotion for 50% off for two months.
One of Xero’s most impressive feature is its mobile experience, making it an excellent option for businesspeople who work on the go. The software allows you to send custom invoices, track inventory, and create purchase orders to attach to bills — all from your phone or tablet.
5. Zoho Books
Pricing: Starts at $0/month
Zoho was founded in 1996 in India and now also has a corporate office in California. It includes multiple products like accounting software, customer relationship management (CRM), inventory control, and human resource management software.
Its online accounting software lets you keep track of your finances, create invoices, collaborate with your accountant in real-time, and more.
One of Zoho’s biggest plus points is its accessibility and user-friendly interface. It comes with an easy-to-use dashboard that virtually any member of your organization can make sense of. It also offers features like excellent customer support and the ability to accept payments online. However, Zoho is one of the better software for more casual users.