Accounting Software is used by accounting professionals to manage day-to-day accounts and perform other accounting operations. It is the systematized practice of communicating and recording financial data. Organizations use accounting software for various purposes, including internal and external audits, required reports, financial analysis, and meeting legal or internal managerial requirements.
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Accounting software ranges from simple single-entry programs for individual recordkeeping to more refined double-entry systems that can process accounts receivable, accounts payable, payroll, and inventory, among other functions.
360Quadrants, the most granular comparison platform, has released a quadrant on Best Accounting Software to help businesses make quicker and more informed decisions. The quadrant has QuickBooks, Sage Software, Freshbooks, and NetSuite by Oracle sharing space as Visionary Leaders. 360Quadrants are generated post analysis of companies (product maturity and company maturity). Quadrants will be updated every three months based on market and regional analyses and developments in Software. 360Quadrants also lists the 20 best companies in the accounting space.
Accounting software QUADRANT HIGHLIGHTS
40+ companies offering top Accounting Software were analyzed, of which the top 20 companies were shortlisted and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.
Acumatica, Blackline, Thomson Reuters, Freshbooks, NetSuite by Oracle, Odoo, Oracle Corporation, QuickBooks, Sage Software, SAP Business One, Workday, Xero Ltd., and Zoho Corporation have been identified as Visionary Leaders, as they have established product portfolios and a robust market presence & business strategy.
Microsoft has been identified as an Innovator, as it has a focused product portfolio and innovative business strategies, with which they are able to set new trends in the market.
