FreshBooks Cloud Accounting

FreshBooks caters specifically to smaller service based businesses. The original version of the
software was created in 2003 by Canadian entrepreneurs Mike McDerment and Joe Sawada.
Three years later they rebranded it to FreshBooks to suit the changing taste of internet users.
The all-new FreshBooks is accounting software that makes running your small business easy, fast
and secure. Spend less time on accounting and more time doing the work you love.
–FreshBooks Website
One of its biggest advantage over its competitors is its responsive mobile app. Users can access
the software while on the go making the product easy to use for freelancers and small businesses.
Furthermore, it also offers some necessary functions such as cloud invoicing, reporting, and
payment processing.
Wave Accounting
Launched just in 2009, Wave Accounting is one of the newest players in the accounting software
market. According to their website, they manage at least $175 billion in revenue and expenses of
their customers worldwide annually. The company initially offered the software as a double entry
accounting tool.
Wave Accounting Inc. then made available other financial services such as Payments by Wave
(credit card processing), Receipts by Wave, Invoice by Wave, Payroll by Wave, and Lending by
Wave. All of which is available to anyone for up to a certain number of employees.
Sage 50 Accounting
Lastly, Sage 50 Accounting, formerly known as Peachtree, is offered by the third largest supplier
of enterprise resource planning software worldwide namely The Sage Group Plc. It is a
subscription-based business management software available to businesses of all sizes.
[Sage] delivers built-in accounting best practices to keep your business finances on track and help
you stay compliant with taxes and reporting requirements.
–Sage Website
Users can integrate the software with the functions of Microsoft 365 making reports easier to
process. Furthermore, it offers an integrated data checker to weed out common mistakes
committed by accountants, security functions that allow the users to track who is entering their
database, stock management and more.