2020’s Top Accounting Software FrontRunners

By: on January 8, 2021

2020 is officially behind us, but its impact is still being felt. Digitization is accelerating, and businesses are leaning on new tools and technology in an increasingly digital world. However, for companies seeking accounting software, there are so many products available and so little time to adapt.

Wouldn’t it be easier if there were a shortlist of the most consistently reliable and user-approved accounting solutions on the market today?

Yes, it would. That’s why we created this list of 2020’s top accounting software provider FrontRunners. You have to know the past to understand the present, as they say, and understanding the best of 2020 will help position your business for a successful 2021.

Here’s the gist: We looked at all the vendors that placed in our accounting FrontRunners reports released over the course of 2020. Then we ranked each vendor based on the number of 2020 lists its product offerings appeared in. In the event that two or more vendors tied, we listed them alphabetically (read our full FrontRunners methodology here).

Though each company on our list has multiple product offerings, we’ve pulled reviews information from the top product for each to shed some light on how users feel about these software platforms.

The end result? Your guide to the year’s top accounting software, which you can find below.

Intuit Inc.

Types of accounting software: Accounting, Accounts Payable, Accounts Receivable, Banking Systems, Bookkeeper, Budgeting, Financial Reporting, Fund Accounting, General Ledger Software, Reconciliation, Recurring Billing, Subscription Management

Number of appearances in 2020 Frontrunner reports: 18


A snapshot of reviews for Intuit’s product, QuickBooks Online Advanced Software


Sage Software Inc.

Types of accounting software: Accounting, Accounts Payable, Accounts Receivable, Banking Systems, Bookkeeper, Budgeting, Financial Reporting, General Ledger Software, Reconciliation, Recurring Billing, Subscription Management

Number of appearances in 2020 Frontrunner reports: 11


A snapshot of reviews for Sage Software’s product, Sage Intacct


Oracle America, Inc.

Types of accounting software: Accounting, Accounts Payable, Bookkeeper, Budgeting, Financial Reporting, General Ledger Software, Recurring Billing, Subscription Management

Number of appearances in 2020 Frontrunner reports: 7


A snapshot of reviews for Oracle’s product, JD Edwards EnterpriseOne Software


Zoho Corporation

Types of accounting software: Accounting, Accounts Payable, Billing and Invoicing, Bookkeeper, Financial Reporting, General Ledger Software, Recurring Billing, Subscription Management

Number of appearances in 2020 Frontrunner reports: 7


A snapshot of reviews for Zoho Corporation’s product, Zoho Books


BQE Software Inc.

Types of accounting software: Accounting, Expense management, Accounts Receivable, Recurring Billing, Financial Reporting, Billing and Invoicing, Subscription Management

Number of appearances in 2020 Frontrunner reports: 6


A snapshot of reviews for BQE Software’s product, BQE Core


Wave Apps

Types of accounting software: Accounting, Expense management, Accounts Receivable, Recurring Billing, Financial Reporting, Billing and Invoicing, Banking Systems, Bookkeeper, General Ledger Software

Number of appearances in 2020 Frontrunner reports: 6


A snapshot of reviews of Wave Software


Xero Limited

Types of accounting software: Accounting, Accounts Receivable, Recurring Billing, Financial Reporting, Accounts Payable, Billing and Invoicing, Bookkeeper, General Ledger Software, Subscription Management

Number of appearances in 2020 Frontrunner reports: 6


A snapshot of reviews of Xero Software


FreshBooks

Types of accounting software: Accounting, Accounts Receivable, Recurring Billing, Financial Reporting, Expense Management

Number of appearances in 2020 Frontrunner reports:4


A snapshot of reviews of Freshbooks Software


Workday

Types of accounting software: Expense Management, Financial Reporting, Billing and Invoicing, Accounts Payable

Number of appearances in 2020 Frontrunner reports: 4


A snapshot of reviews of Workday


ZarMoney Corporation

Types of accounting software: Accounting, Budgeting, Financial Reporting, Accounts Payable

Number of appearances in 2020 Frontrunner reports: 4


A snapshot of reviews of Zarmoney Software


Learn more about FrontRunners

We relied on Software Advice’s FrontRunners data to create this report. To create our FrontRunners reports, we consider recent, published user reviews for individual software products in order to score and rank them.

The data we collect for FrontRunners reports falls within a set time frame and is not updated after publication. For that reason, FrontRunners reports should be interpreted as a snapshot of reviews data.

To learn more about FrontRunners methodology, you can find our current version and explanations for inclusion criteria and scoring here.

Explore our complete inventory of FrontRunners reports

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