Best Accounting Software for CPA Firms 2024

To ensure future success in 2024 and beyond, progressive accounting firms should integrate the following software types into their operations.

The following are the various categories of software designed for accounting firms:

Xero

A global small business platform with 3.95 million subscribers, Xero handles core accounting, payroll, workforce management, expenses, and projects. Xero’s open platform offers a variety of solutions to help small businesses run and manage their finances, thanks to its extensive ecosystem of connected apps and bank and financial institution connections. Xero sponsors FIFA Women’s Football.

Benefits of using Xero:

• Safeguard accounting data.
• Use iPhone/iPad/Android/tablet to access accounts online anytime, anywhere.
• Real-time data improves cash flow visibility.
• Save time on account maintenance.
• Free software updates are available upon login.
• Work with the team and an

Wave

For small businesses with 9 or fewer employees, Wave is fully integrated. Our sole focus on small business owners means you’ll never have to navigate inflated or cluttered to find what you need now. An easy-to-use interface and single login make finding what you need when you need it easier than ever.
You’ll see all the tools you need to better understand your personal and business finances with one login. Invoicing, payroll, and investment tracking no longer require multiple logins. Getting organized has never been cheaper with free accounting and invoicing tools and affordable payroll.

Wave helps you get paid faster, understand your business’s finances, track your spending, and pay your employees.

Quick Books Desktop Enterprise

Quick Books Desktop Enterprise grows with small businesses as an end-to-end accounting solution. Inventory, sales, reports, and payroll are managed by the software. Industry-specific

Quick Books Desktop Enterprise solutions are available for contractors, retail, manufacturing, wholesale, and nonprofits.

Key features and reports of Quick Books Desktop Enterprise include industry-specific solutions with special features and reports for manufacturing, contracting, wholesale, retail, professional services, and non-profit organizations.

• User roles and permissions can be set for over 115 activities to give team members access to the information they need while keeping the rest private.
• Quick Books Desktop Enterprise’s Advanced Inventory tracks inventory from bin to sale using mobile barcode scanning.
• One dashboard manages picking, packing, and shipping workflows.

The BQE CORE Suite

BQE’s powerful all-in-one platform and expert support give architecture, consulting, and engineering firms the intuitive tools they need to meet firm demands, empower their teams, maximize profitability, and deliver superior client results.

BQE was designed by architects and engineers for A&E. A platform that understands and supports your firm with specialized tools is essential. After running successful A&E firms, our founders built the best platform from scratch. We support A&E’s unique needs. No one understands your pain points like us.

Key benefits of the BQE Core Suite:

Increased efficiency

BQE CORE automates repetitive tasks and centralizes billing, projects, accounting contacts, files, and more.

Accelerates Cash flow

CORE tracks hours accurately and offers flexible billing to ensure no billable hours are missed.

QuickBooks Online Advanced

Enterprise management and assessment software Quick Books Online Advanced lets users manage their entire financial portfolio. One mobile-friendly dashboard displays inbound and outbound sales, inventory, payroll, tax payments, and distribution. Online support, video tutorials, and on call assistance are available. Quick Books support is available from setup to inquiries.

Quick Books Online Advanced allows multi-device, remote work. Users can access and manage their books from their computer, laptop, tablet, or smartphone and grant access privileges to colleagues or accountants to work with their data online. You can also send custom online invoices from any device. Custom reporting, KPI tracking, expense tracking, accounting reports, and cash flow management are also important Quick Books Online Advanced features. Quick Books Online Advanced offers data security and automatic backups.

Key benefits of Quick Books Online Advanced:

Billing, invoicing, and banking: Quick Books Online Advanced allows businesses to process payroll, tax returns, and mobile payments and view their entire online financial portfolio.

• Quick Books Online Advanced lets users track and manage inventory and coordinate distribution to assess productivity/transportation and create user permissions.
• Quick Books Online Advanced has a dedicated support team to answer your questions. Priority Circle offers user training.
• Quick Books Online Advanced supports up to 25 online collaborators with task delegation, user permission management, and more.

Flexi Software

Flexi’s accounting software for business is ideal for companies seeking enterprise-strength platforms with flexibility and personalized support.

For over 30 years, Flexi has powered leading brands in banking, insurance, and healthcare, where security and performance are crucial. Complex accounting environments benefit from Flexi

Software’s features:

• Multi-entity consolidation
• Multi-book accounting
• Daily close
• Built-in compliance and audit controls
• Workflow automation
• Global currency conversion
• Real-time, advanced reporting

Flexi’s enterprise-strength accounting software is ideal for industries that value security, performance, scalability, and flexibility. Insurance, banks, credit unions, finance, healthcare, hospitality,transportation,and utilities.

Prophix

Financial consolidation, budgeting, analysis, planning, and management reporting are done with Prophix. The spreadsheet-like interface helps users organize and analyze financial data. Prophix is suitable for financial services, construction, government, and utilities and can be deployed in the cloud or on-premises.

Users can manage budgeting, cash flow, balance sheets, and income statements in Prophix. Also available: data analysis tools. The solution supports top-down, bottom-up, zero-based, and activity-based financial and non-financial budgeting.