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In the textile trade, there can be so much to focus on – from crafting the material itself, to designing intricate patterns and rich colors to overlay on the fabric. While this is a broad industry that covers many niches, there are a few things that remain the same. This includes the need for helpful software to assist you with building your business and keep your accounting in the best shape possible.

Upfront Conclusion

The best accounting software for textile industry right now is Sage Accounting and QuickBooks.

Top 10 Best Accounting Software Options for the Textile Industry

  1. Sage Accounting – Best for the specialized fabric company
  2. Quickbooks Online – Best for growing material businesses
  3. Xero – Best for the established textile company
  4. Wave – Best for more personalized textile accounting
  5. Zoho Books – Best for the textile reseller
  6. Freshbooks – Best for textile start-ups
  7. GoDaddy Essentials Plan – Best for independent textile brands
  8. ProfitBooks – Best for international fabric companies
  9. Output Books – Best for retail textile businesses
  10. ZarMoney – Best for textile brands based looking for ease of use

1. Sage Accounting – Best for the specialized fabric company

Best Accounting Software Options for the Textile Industry

PRICING: 2 plan options, billed monthly

  • Accounting Start – $10.00
  • Accounting Accounting – $25.00

Sage Accounting is made for smaller companies, or businesses that are more specialized in niche markets. This software has all of the features that your business needs from creating and sending invoices to tracking what your customers owe you, along with automatic bank reconciliation and posting receipts.

KEY FEATURES:

  • Switch from old software easily with Excel import
  • Great customer service and support availability
  • An ideal choice for nearly any business type

REASONS TO BUY:

  • Ability to automate admin tasks
  • See changes in your business’s accounting in real time
  • Software integrates with Stripe

REASONS TO AVOID:

  • May not be the right choice for larger businesses
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2. Quickbooks Online – Best for growing material businesses

Best Accounting Software Options for the Textile Industry

PRICING: 5 plan options, billed monthly

  • Self Employed – $7.50
  • Simple Start – $12.50
  • Essentials – $25.00
  • Plus – $40.00
  • Advanced – $90.00

Quickbooks Online offers five different plans to choose from, so you can start with the plan that best fits the needs of your business and go from there as your company grows. Some of the most important features that Quickbooks includes are tracking income and expenses, running reports, and assistance with estimating quarterly taxes.

KEY FEATURES:

  • Documenting income and expenses
  • Processing invoices
  • Tax assistance and gathering reports

REASONS TO BUY:

  • Can be easily integrated with other common software
  • Track inventory
  • Includes a fully functional mobile app

REASONS TO AVOID:

  • Best used with an existing knowledge of accounting

3. Xero – Best for the established textile company

Best Accounting Software Options for the Textile Industry

PRICING: Three plan options, billed monthly

  • Early – $12.00
  • Growing – $34.00
  • Established – $65.00

The pricing structure that Xero takes is different from that of other accounting software. Xero tries to meet you at the stage of business that you’re at, rather than sell only one or two plans. As a textile specialist, this can be a helpful distinction as it gives you more affordable pricing scales and doesn’t add features that you might not need.

KEY FEATURES:

  • Send invoices and accept payments, including bank reconciliation
  • Track projects
  • Integrates with Gusto for payroll

REASONS TO BUY:

  • Offers unlimited users
  • Can be used with Gmail and Office 360
  • Invoice reminders and some client interactions can be automated

REASONS TO AVOID:

  • Sparse features on the Early plan

4. Wave – Best for more personalized textile accounting

Best Accounting Software Options for the Textile Industry

PRICING: Three plan options

  • Free
  • Pay-Per-Use – Starting at 1% per transaction
  • Monthly – Starting at $20.00

In Wave, you can follow your business through its accounting metrics easily. This software also allows you to more smoothly change the services that are needed since both their accounting and invoicing software can be used independently of each other. Offering both banking tools and unlimited user access, this software does an incredible job while offering a free pricing plan.

KEY FEATURES:

  • Follow both income and expenses
  • Create and share unlimited invoices
  • No limit on account users

REASONS TO BUY:

  • Admin one umbrella account hosting multiple businesses
  • Rapidly organize business transactions
  • Store accounting details safely in one place

REASONS TO AVOID:

  • Email only customer support

5. Zoho Books – Best for the textile reseller

Best Accounting Software Options for the Textile Industry

PRICING: Four plan options, billed monthly or annually

  • Free
  • Standard – $15.00
  • Professional – $40.00
  • Premium – $60.00

Zoho Books is the solution if you’ve been searching for a software that integrates with resale platforms. This software can provide you with 24/5 customer support, as well as several ways to automate your account. This platform can help you save time and money.

KEY FEATURES:

  • Billing and invoicing solutions
  • Easy to run reports
  • Assistance with tax compliance

REASONS TO BUY:

  • Focus on security to keep your business’s information safe
  • Can be used with Google Suite, Stripe, Office 365, and Tax 1099
  • Quickly import existing data

REASONS TO AVOID:

  • Multiple currency support is only available through the Professional and Premium plans

6. FreshBooks – Best for textile start-ups

Best Accounting Software Options for the Textile Industry

PRICING: 4 plan options, billed monthly

  • Lite – $6.00
  • Plus – $10.00
  • Premium – $20.00
  • Select Custom Pricing

FreshBooks is the best fit for fabric companies that are just starting out, or have smaller scale operations with a limited number of employees. To help answer questions and support your team, this software offers an easy to use dashboard and a searchable database.

KEY FEATURES:

  • Automate billing and track invoices/expenses
  • Ability to send payment reminders and charge late fees when applicable
  • Track employee time

REASONS TO BUY:

  • Streamlined reports
  • Compatible with Google Suite, Shopify, Stripe, and more
  • Multiple customer service avenues

REASONS TO AVOID:

  • May not offer the services your larger business needs

7. GoDaddy Essentials Plan – Best for independent textile brands

Best Accounting Software Options for the Textile Industry

PRICING: 1 plan option, billed monthly

  • Essentials – $7.99

If you are an independent textile brand owner, the GoDaddy Essentials Plan may be the best choice for you. This software was made with the accounting beginner in mind, so it’s simple to use while processing through accounting data. By using GoDaddy, all of the financial data you may need can be imported quickly, and it can work in tandem with your bank.

KEY FEATURES:

  • Works with multiple other services and applications
  • Reports are easy to pull and simple to interpret
  • No data entry required

REASONS TO BUY:

  • Can log cash and in-person transactions
  • Has your tax documents ready and in one place
  • A great option for small to mid-sized businesses

REASONS TO AVOID:

  • May be too simplistic for those with accounting expertise

8. ProfitBooks – Best for international fabric companies

Best Accounting Software For Textile Industry

PRICING: 2 plan option, billed monthly

  • Startup – Free
  • SMB – $15.00

ProfitBooks is a great option for companies that deal in multiple currencies and have many products in their catalog. This software allows you to create unlimited products, as well as unlimited customer profiles. Also, track payables and receivables, plus manage your business’s taxes, all in one simple place.

KEY FEATURES:

  • More than 40 financial reports offered
  • Ability to accept online payments
  • Inventory tracking capability

REASONS TO BUY:

  • Create unlimited products, customer and supplier profiles, and sales orders
  • Keeps tax documents centralized
  • Creates streamlined, user-friendly invoices

REASONS TO AVOID:

  • The Startup plan only supports a single user

9. Output Books – Best for retail textile business

Best Accounting Software For Textile Industry

PRICING: 6 plan options

  • On-Premise Plans, billed once
    • Basic – $299.00
    • Standard – $599.00
    • Enterprise – $999.00
  • Cloud Plans, billed yearly
    • Basic – $199.00
    • Standard – $249.00
    • Enterprise – $399.00

Managing multiple retail fabric shop locations? Output Books has the features you need to simplify your accounting. This software provides the ability to manage the sales and stock of all of your locations with simple and effective accounting tools.

KEY FEATURES:

  • Create straightforward retail invoices
  • Manage multiple locations accounts and inventory in one software
  • Offers POS billing

REASONS TO BUY:

  • Multiple user terminals
  • Secure data backup to keep your finances healthy and on-track
  • Bank reconciliation options

REASONS TO AVOID:

  • Not a good fit for smaller businesses or those just starting out

10. ZarMoney – Best for textile brands looking for ease of use

Best Accounting Software Options for the Textile Industry

PRICING: 3 plan options, billed monthly

  • Entrepreneur – $15.00
  • Small Business – $20.00
  • Enterprise – $350.00

ZarMoney is the perfect choice for textile businesses that are looking for ease of use. This software is simple to use and has a great user interface. It also offers free United States based phone customer support, with 24/7 chat access.

KEY FEATURES:

  • Comprehensive financial reporting
  • Access anywhere with web-based software
  • A unique Payables Calendar

REASONS TO BUY:

  • Provide customers with quotes and estimates easily
  • Manage both purchase orders and online orders seamlessly
  • Options for multiple users and roles

REASONS TO AVOID:

  • Not a good fit for medium sized businesses due to the gap between the Small Business and Enterprise plans

Frequently Asked Questions

Which software is right for my large textile business?

ZarMoney, Output Books, and Xero all offer features and benefits that would be perfect for larger fabric or cloth companies, or those that are in growth phases. These three all have interfaces that aren’t complicated to use and streamlined services to help keep your accounting accurate.

I have a retail textile business. What is the best software option for me?

The GoDaddy Essentials plan or Output Books. GoDaddy will be a better option for smaller companies, or those who are just getting started, while Output Books will function better for larger businesses who have multiple brick and mortar locations.

References/Sources