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Distribution software manages order processing, inventory control, customer service, sales, supply chain finance, and other services. In addition, complex software can manage more advanced services like forecasting, pick, shipping and packing, and electronic data management.
The main work of accounting software in distribution is to aid optimal use of external and internal resources while ensuring stockouts and overstocking don’t occur. Suppose you need this in your distribution business, then you are in the right place. In this article, we will give insights into the best accounting software. This includes pricing, features, advantages, and disadvantage.
Upfront Conclusion
The best distribution business accounting software right now is myBillBook and Saniiro.
8 Best Distribution Business Accounting Software
- myBillBook: The best distribution software for SMEs, enterprises, and freelancers
- Saniiro: the best distribution software for SMEs
- TallyPrime: Best for startups, agencies, and SMEs
- Sage 50cloud: The best small business accounting software
- Zoho Books: best distribution accounting software for SME
- ProfitBooks: the best accounting distribution software for small business
- Oracle NetSuite ERP: The best accounting software for growing companies
- Vyapar: the best accounting software for android platforms
1. myBillBook: The best Distribution Software for SMEs, enterprises, and Freelancers
Pricing
The starting price for the myBillBook plan is $5.54, payable yearly. However, this is for a single user. For multiple users, here is the plan;
- Diamond plan – 2 businesses and three users for $22.21 a year
- Platinum plan – 2 businesses and three users for $40.26 a year
MyBillBook is an all-around software we use in the distribution industry. It has effectively been used in SMEs for several years. MyBillBook works on the web app, Windows iOS, and android.
Feature of myBillBook
- Accounting
- A mobile app
- Account payable and receivable
- General ledger
- Invoice and billing
- Inventory tracking
- Bookkeeping services
- Invoice processing and management
- Activity tracking
Reasons to Choose myBillBook
- User friendly
- Has robust accounting features
- you can use it anytime and from anywhere since it can run on desktop iOS and Android mobile phones.
Reason not to use
- there may be minor system breakdowns
- Its cheapest plan, the silver plan, has limitations on the number of users.
2. Saniiro – the best distribution software for SMEs
Pricing: the starter package is $138.89 yearly or $13.8 monthly
Saniiro Technologies provides the best accounting and billing software and other applications that aid companies in understanding their needs. It offers dynamic services for every client; for this reason, it can customize your package to fit your needs.
Feature
- billing system
- POS invoicing
- Barcode scanning
- Bank account reconciliation production and vendor management
- Data security
- Financial and inventory management
- Email intergration
- Purchase order
Reasons to buy
- It is easy to use
- Saniiro is very secure
- Has an available customer service team
- Its charges are reasonable
Reason not to buy
- It lacks a schedule III financial statement format
3. TallyPrime: Best for startups, agencies, and SMEs
Pricing
It has a free trial, after which you pay $27.50 a month.
TallyPrime is software for Windows, Linux, cloud, SaaS, and web. It is suitable for small and medium enterprises with accounting, reporting, payroll, and stock control features.
Features
- Asset management
- Banking and banking integration
- Budget and customer management
- Email integration
- Loan, bonus, and advances management
Reasons to buy TallyPrime
- All its ERP modules are easy to learn and use
- Does not need vast accounting experience to use
Reasons not to buy
- It is slow at times
- There is no automation; thus, you have to build, develop and implement each automation
4. Sage 50cloud – The best small accounting software
Starting price
$50.58 per month with an initial free trial.
Sage 50cloud is specifically meant for the distribution industry providing payroll management, account payable, and expense tracking.
Features
- Advanced inventory management
- Cash flow and invoicing
- Payment integration and banking
- Reporting management
- Purchase order and approval
- It has a fraud protection feature- a sage security shield
- Expense management
- Inventory tracking
- Advanced reporting and tracking
Reason to buy Sage 50cloud
- It is secure
- Has a free 30 days test drive
- You don’t need a debit card to use the software
- It records vendor and customer records easily before subsequent processing
- You can get a one-click report on expenses, profits, and sales taxes that you need to make informed decisions.
Reason not to use
- At the time, it can have system delays
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5. Zoho Books: best distribution accounting software for SMEs
Price: $15 per organization per month. In addition, it has a free trial and a free version.
Zoho Books is a distribution industry accounting software for SMEs. It includes dashboards and a vast reporting system. With Zoho Books, distributors can set up custom outflows and automate tasks.
Features
- Inventory management
- Bill management
- Multi-currency support
- Regulation compliance
- Self-service portal
- Automatic reordering
- Credit card processing
- Standard reports
- Purchase orders
- Report management
- API custom integration
- Cashflow and invoice management
- Data security
Reasons to choose Zoho Books
- It allows easy collaboration between work colleagues
- Zoho solves vast accounting tasks, thus giving you more time to focus on other tasks requiring hands-on work.
- It offers services at affordable prices
- Zoho Books have a supportive customer service team
- It gives insights and data from everywhere
- Suppose you choose the cloud or web versions; the initial cost will be very low
- Zoho Books supports every enterprise exclusively regardless of its size
Reasons not to choose Zoho Books
- It is super slow at times, primarily when multiple users use it simultaneously.
- Once implemented, Zoho Books doesn’t allow you to make changes.
6. ProfitBooks: the best accounting distribution software for small business
Pricing plan: $83.32 per year with a free initial trial.
ProfitBooks is a fast and straightforward software, especially for small businesses. It makes expense tracking, invoice creation, and inventory management easy even without accounting experience.
Features of ProfitBooks
- Taxation management
- Online banking
- Human resource and payroll
- Data backup
- Inventory management
- Multiple currency support
- Mobile support
Reason to buy ProfitBooks
- It lowers inventory costs while raising customer service delivery.
- It is straightforward to use.
- Its customer services are outstanding
- It has multi-level security for data and cashflow protection
- Has mobile and multi-currency support
Reason not to buy ProfitBooks
- Customer support is available only through email.
- The price is relatively high
7. Oracle NetSuite ERP: The best accounting software for growing companies
Price
The starter price for Oracle NetSuite ERP is $99 per month. Unfortunately, it has neither a free trial nor a free version.
Oracle NetSuite is a product of ERP ( Enterprise Resource Management) with accounting modules. The SaaS software aims to offer modern connections and make distribution work easier for clients and distributors.
Features
- Payroll management
- Security features
- Inventory management
- Order management
- Financial and sub-ledger processes
- Project execution management
- Procurement
- Product lifestyle management
- Supply chain
- Project financial management
Reasons to choose Oracle NetSuite
- It is easy to use.
- It offers affordable monthly plans.
- It has thorough standard reports.
- It provides comprehensive customer support.
Reason not to choose Oracle NetSuite ERP
- It is not easy to customize; thus, don’t go for Oracle NetSuite if you want customizable distribution software.
- Customizing Oracle NetSuite reports is tedious.
- Its initial implementation is cumbersome- it is hard to set up but easy to use once set up.
8. Vyapar: the best accounting software for android platforms
The pricing for Vyapar is as follows;
- Android: $8.32 per year
- Saver plan android: $19.43 a year
- Desktop: $27.76 a year
- Desktop plus android: $33.32 a year
- Server plan desktop for three years: $63.88
Features
- Customer management
- Invoice and inventory management
- Mobile support
- Recurring invoice
- Budgeting management
- Accounts payable and accounts receivables
- Purchase and tracking orders
- Stock management
- General ledger
- Stock management
- Data security
- Mobile application
Reasons to buy Vyabar
- It is cheap than many software.
- It is user friendly
- Has excellent customer support
- It has an easy and attractive printing layout
Reasons not to buy Vyabar
- At times, it lags.
FAQs
What is the main feature of profit books?
- Restore or database backup management
- Online banking intergration
- Cashflow tracking
- Inventory management
- Taxation management
What are the benefits of accounting software in distribution?
Accounting software has the following advantages in distribution;
- They save time
- Accounting software generates an instant distribution of accounting reports instantly
- They promote the accuracy of accounting data
- Accounting software promotes the generation of professional-looking distribution reports
- They sync all financial data
- Accounting distribution software streamlines tax filling
- Accounting software streamlines payroll
- They give details and insights on product distribution
What are the benefits of using electronic accounting software?
Electronic accounting software is automated. Therefore, they ensure all calculations are very accurate. Unlike pen and paper, electronic accounting software is reproducible.
Secondly, electronic accounting software gives fast data access from anywhere. You don’t have to search within endless piles of paper; instead, you only need to click a button and have a report.
Thirdly, computers are super fast compared to humans. You only need to push a button to generate statements, analyze reports, and do anything you need within a second.
In addition, there is no need to worry about the threat to data; there are virtually no intrusions. Moreover, suppose you lose data, you easily retrieve it.
Computerized software is also scalable. Thus, as you grow, they grow with you. With this, you will not need yearly piled reports. Can you imagine storing paper reports cumulatively for 100 years?
Finally, electronic accounting softwares are cost-effective and do a tremendous job.
What factors will I consider when choosing accounting software for my distribution software?
- Scalability of the software
- Interfacing capabilities
- Modification potential of the software
- Security features of the software
- Data accessibility
- User-friendliness
- Implementation and deployment options
- Personal preferences
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