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As a business in Europe, which is a very highly competitive environment and a hub for the global economy, you definitely will need business and management tools that will help you thrive and meet the demands and trends of the market.
Accounting and financial management tools are examples of much-needed tools. Especially one that supports multiple languages, multiple currencies and still complies with the required tax and accounting regulations. With the ideal accounting software, you can go a long way in saving time, cost, and growing your business.
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Regarding your location being Europe, how do you get to know the right software that suits your business and your business environment? For this, many factors come into play: What is your client base now, what is your client’s expected future client base, and how fast is your client base growing. How large are your management processes?
In choosing management and accounting tools in Europe, it is advisable to duly consider and research across many criteria like the ones above and evaluate the best options in the market. In this article, we have selected for you, after looking at the factors earlier mentioned, the best European accounting software.
Upfront Conclusion
The best european accounting software right now is Sage and Freshbooks.
Top 6 Best European Accounting Software
Having considered the necessary factors we analyze and research, here are the top 6 best European accounting options for you.
| Brand | Starting price | Best for |
|---|---|---|
| 1. Freshbooks | $4.50 – $15/month | Invoicing |
| 2. Sage | $9 – $20/month | Simplicity |
| 3. Netsuite | Request quote | Fast reporting |
| 4. Xero | $11 – $62/month | Small and medium-sized businesses |
| 5. Sage Intacct | Request quote | Inventory management accounting |
| 6. FinancialForce | Request quote | Integrations and add-ons |
1. Freshbooks – The Best European Accounting Software for Invoicing
Freshbooks refers to an accounting software designed especially for service providers, small and medium businesses. It tracks your time, invoices, expenses, providing estimates and adequate reports. It also allows multiple users. The software is straightforward to use and offers many unique and valuable features that any business can use in business financial management and development. It is simple and provides ease of use.
Pricing
The price for the software comes at three basic plans, which include the lite plan, the plus plan, and the select plan.
- The lite plan comes for $4.50 monthly
- The plus plan is $7.50 monthly
- The premium plan for $15 monthly
- The select plan comes at a custom pricing, depending on your needs and customization.
Each of the pricing plans comes with an add-on. And you can also try any of the programs for free before subscribing to them.
Features
- Freshbooks helps you make financial estimates.
- With the software, your invoicing management gets handled automatically.
- It occurs your adequate time tracking services.
- You get more accessible and faster payment processing with Freshbooks.
- The software helps you effectively manage your expenses.
- Freshbooks facilitates and seamlessly handles your project management.
- The software offers you simplified statements and reports.
- It gives you an easy-to-use double-entry accounting platform.
Why Do We Recommend Freshbooks as One of the Best Accounting Software for Europe?
Freshbooks enables you to create reports, invoices, statements, receive and make payments easily and quickly. It also lets you automate
Your processes without issues. Also, it has a mobile feature, which makes it very convenient for you to use wherever you are, just with your phone. For its ease of use and invoicing capabilities, we highly recommend it as one of the best accounting software for Europe.
2. Sage– Best Accounting Software for Simplicity
Sage accounting software allows you to manage and automate your payroll process. Sage services improves employees payment, whether via online banking, pay cards, or business-generated checks. The software has powerful features that streamline the company’s accounting function for maximum quality and effectiveness. Everything is clearly laid out and typically simple to use.
Sage also offers Accounting Start, a more entry-level product. This does not contain support for quotations, estimates, or vendor bills, and it does not provide cash flow predictions, but it may be sufficient for start-ups and small enterprises.
Pricing
Sage accounting pricing plan includes
- Accounting start plan goes for $9-$10/month
- Accounting plan goes for $18-$20/month
Features
Sage primary features are as follows:
- Manage employee vacations and absences
- Digitally receive the most recent legislative updates.
- Employee payroll processes should be managed.
- Professionals in email or print pay attention to employees.
- Control employee pension plans.
- Dashboards and extensive reports.
Why Do We Recommend Sage as the Best European Accounting Software?
With Sage, your company will have computing software in place that ensures CRA compliance as well as the peace of mind that employees are being paid on time. If you get stuck, extensive web assistance and video lessons are just a click or two away, and the offer of free unlimited telephone and email support will put any newbie at ease. You can also generate your own news stories, as well as evaluate information in a reset document. We highly recommend this software as one of the best accounting software for Europe.
3 Netsuite – best European accounting software for fast reporting
This cloud-based accounting application software serves as a CRM and ERP suite that helps businesses handle their accounting, financial, and management processes. They help companies grow and maintain their growth by integrating functional areas such as CRM, inventory, procurement, accounting, invoicing, payment, sales, order, and billing. It is helpful for all businesses, whether small, medium, or large companies.
Pricing
The price for the software occurs either through the concurrent or named user model. Being a suite, you have to contact the vendor to tailor your needs and choose a plan that will suit that.
Features
- Better inventory management.
- Its billing management integrates your sales and finance improving accuracy, and strengthens revenue recognition processes.
- Excellent Financial planning and reporting.
- Netsuite offers you faster reporting processes.
- With Netsuite, you get real-time financial information for management processes.
- It offers you the ability to use it from anywhere, anytime.
- The Netsuite enables you to manage your orders seamlessly.
- With the software, you get a forecast of your sales.
Why Do We Recommend Netsuite as the Best European Accounting Software?
The software allows you to handle your business management easily, securely, and quickly from anywhere. It also helps you manage your customer relationship. The Netsuite is a robust and powerful enterprise resource program, offering you real-time access to your data and even allowing you to generate statements whenever you want. We highly recommend this software as one of the best accounting software for Europe.
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4. Xero – Best for Medium-sized Businesses
Xero is a great but straightforward accounting software suitable for small and medium-sized businesses. It offers you all the essential features needed to run your small or medium business processes. Whether for your payments, keeping your books, tracking your methods, automating your work, or bringing up your statements, Xero will do just that for you as quickly as you want it.
Pricing
The Xero accounting software has three pricing plans offered to you
- The early plan goes for $11 per month
- The growing program goes for $32 per month
- The established plan goes for $62 per month
The software also offers you 30 days free trial that you can utilize to help you choose which plan you need and suits you.
Features
- Xero offers you payroll management with Gusto
- There is efficient bank reconciliation with Xero
- It enables you to make payments online faster.
- The software helps you track your projects, including your quotes, invoices, time, and costs.
- It offers you accurate and timely financial reporting.
- There is better inventory management with Xero
- Xero allows you multi-currency accounting.
- Xero helps save your data and documents are securely and smoothly.
Why Do We Recommend Xero as One of the Best Accounting Software for Europe?
Xero is an accounting software made for very simplified processing for companies that don’t need or does not yet need complex accounting in their businesses, such as small, medium, and growing businesses.
The software allows unlimited users in all their plans, a big plus and advantage for them. They are cost-effective compared to most other software. We, therefore, recommend it as one of the best accounting software for Europe.
5. Sage Intacct – Best European Inventory Management Accounting Software
Sage Intacct is a cloud-based financial and accounting management software from Sage that offers you real-time financial processing of your business utilizing powerful automation features to help save you cost and time. It is secure software where you can work with ease wherever you are with its cloud-based capability. It helps your business grow or stay on top with its unique and diverse features.
Pricing
You will need to contact the vendor and inform them of your needs with regard to accounting, budgeting, and people. To enable them to tailor a plan that will suit your business for you.
Features
- The software handles your accounts receivables and payables efficiently.
- It provides an order management solution for you.
- With the software, you get seamless collaborative financial reporting.
- Intacct handles your project costing and billing efficiently.
- There is inventory management with the software.
- Time and expense management also comes with the software.
- The Intacct software allows for multi-entity and global consolidations.
- You get adequate and effective cash management with it.
Why Do We Recommend Sage Intacct as One of the Best Accounting Software for Europe?
Sage Intacct works well across various businesses with its inventory, billing, human resources, customer relationship, financial, and project management. Its features and functions make it a go-to software for many. Its accounting function and third part integration enable it to carry your management processes. Based on its efficiency we strongly recommend it as one of the best accounting software for Europe.
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6. FinancialForce – Best Accounting Software for Functionality
FinancialForce is a cloud-based financial management software that assists businesses in handling their accounting and financial management processes. Made explicitly for service companies, it delivers automated management solutions to improve and enhance businesses. The software supports the Salesforce solution and integrates many third-party applications with its customization according to the business needs and requirements.
Pricing
You need to contact the vendor for the pricing of the software. Your price quote relies on the features you need and your business’s needs.
Features
- FinancialForce offers you greater business intelligence.
- It facilitates your inventory management.
- FinancialForce efficiently manages your projects.
- The software manages your fixed assets.
- The software handles your billing.
- Your financial and accounting processes are taken care of by FinancialForce.
- Your orders are managed by the software faster and more efficiently.
- With FinancialForce, you don’t need to bother about the management of your projects.
Why Do We Recommend Financualforce as One of the Best Accounting Software for Europe?
The software offers you excellent accounting and project management. It gives you a great way to customization according to the best fit for your business needs. The software provides you an excellent overview of your business health, allowing you to carry out many business analyses and make significant management decisions. Adding to this are its accuracy, simplicity, and ease of use. Therefore, we strongly recommend the software as one of the best accounting software for Europe.
Last tip
We have tried to work out the best accounting software’s for you. We have ranked all according to the best features, from the best overall to the best for growing businesses.
Being rated according to their unique features, note they are the best option in the accounting software for Europe. All you have to do now is choose according to the one that matches your business needs and budget requirement.
Some of the things you should look for include whether a software matches your requirement, whether it has a clear and straightforward user interface, whether it has strong security abilities, and how good is its data backup and retrieval. Also, ask what the cost is, is it within your budget, how is the customer support, is there any free trial available, how is its processing performance, and does it have GOBD conformity.
Finally, before you choose from this list, think of the long-term plan of your business. Will the software still be relevant for you in the next 3 – 4 years. With these questions, you should get the perfect fit for your business without making any wrong decisions.