Accounting software for medium-size businesses can help you manage a larger workforce by accommodating multiple users and integrating with a variety of business software products. Expect it to be more expensive than accounting software for small businesses and, in some cases, have a more complex user interface. The better news: Midsize options typically come with robust customer service, so you can ask questions around the clock.
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Here are our picks for the best accounting software for medium-size businesses plus their standout features.
Best Accounting Software for Medium-Size Businesses From Our Partners
Best Accounting Software for Medium-Size Businesses From Our Partners
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Starting at
$35/month
Additional pricing tiers (per month): $65, $99, $235.
Promotion
50% off
for first three months or free 30-day trial.
Learn more
on QuickBooks' website
Pros
- Easy to share information with your accountant and to find QuickBooks experts and online resources if needed.
- More than 750 app integrations.
- Robust feature set includes record-keeping, reporting, invoicing and inventory management, plus a capable mobile app.
- Chat and phone support available Monday through Saturday in all plans.
Cons
- Expensive compared with the competition.
- Frequent price increases and a tendency toward upselling.
- Limited account users with each plan.
QuickBooks Online
Best for Overall accounting software for medium-size businesses
Starting at
$35/month
Additional pricing tiers (per month): $65, $99, $235.
Promotion
50% off
for first three months or free 30-day trial.
Learn more
on QuickBooks' website
Pros
- Easy to share information with your accountant and to find QuickBooks experts and online resources if needed.
- More than 750 app integrations.
- Robust feature set includes record-keeping, reporting, invoicing and inventory management, plus a capable mobile app.
- Chat and phone support available Monday through Saturday in all plans.
Cons
- Expensive compared with the competition.
- Frequent price increases and a tendency toward upselling.
- Limited account users with each plan.
Starting at
$20/month
Additional pricing tiers (per month): $47, $80.
Promotion
90% off
for 6 months.
Learn more
on Xero's website
Pros
- Unlimited users in all pricing plans.
- Integrates with more than 1,000 third-party apps.
- Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc.
- Simple layout and easy to use.
Cons
- No inbound phone customer support (callbacks are available, though).
- Entry-level plan limits bills and invoices to five and 20 per month, respectively.
- Must subscribe to the highest-tier Established plan to claim expenses.
Xero
Best for Unlimited users
Starting at
$20/month
Additional pricing tiers (per month): $47, $80.
Promotion
90% off
for 6 months.
Learn more
on Xero's website
Pros
- Unlimited users in all pricing plans.
- Integrates with more than 1,000 third-party apps.
- Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc.
- Simple layout and easy to use.
Cons
- No inbound phone customer support (callbacks are available, though).
- Entry-level plan limits bills and invoices to five and 20 per month, respectively.
- Must subscribe to the highest-tier Established plan to claim expenses.
Starting at
$0
Additional pricing tiers (per month): $20, $50, $70, $150, $275.
Promotion
14-day free trial
of the Premium plan.
Learn more
on Zoho Books' website
Pros
- Less expensive than some competitors; free plan available for businesses with less than $50k in annual revenue.
- Email support in free plan; phone and chat support in paid plans.
- Rich feature set includes excellent invoicing, inventory management, workflow rules and a capable mobile app.
- Add accounting widgets to your phone’s home screen; track time using your Apple Watch.
Cons
- Fewer third-party integrations and reports than some competitors.
- No plan includes more than 15 users (can add additional users for a fee).
Zoho Books
Best for Zoho suite integrations
Starting at
$0
Additional pricing tiers (per month): $20, $50, $70, $150, $275.
Promotion
14-day free trial
of the Premium plan.
Learn more
on Zoho Books' website
Pros
- Less expensive than some competitors; free plan available for businesses with less than $50k in annual revenue.
- Email support in free plan; phone and chat support in paid plans.
- Rich feature set includes excellent invoicing, inventory management, workflow rules and a capable mobile app.
- Add accounting widgets to your phone’s home screen; track time using your Apple Watch.
Cons
- Fewer third-party integrations and reports than some competitors.
- No plan includes more than 15 users (can add additional users for a fee).
Starting at
$1,703/year
Additional pricing tiers (per year): $2,210; $2,717; $5,364. Adding users or cloud access costs extra.
Promotion
30-day free trial
Learn more
on QuickBooks' website
Pros
- Strong feature set includes thorough record-keeping, invoicing and advanced inventory management and pricing rules.
- More than 200 reports, including industry-specific options for various industries.
- 24/7 phone and chat support.
Cons
- Outdated user interface.
- Limited direct, third-party integrations for payroll software and popular point-of-sale systems.
- Annual subscriptions are expensive; each additional user license costs extra.
QuickBooks Enterprise
Best for All-in-one software solution with payroll
Starting at
$1,703/year
Additional pricing tiers (per year): $2,210; $2,717; $5,364. Adding users or cloud access costs extra.
Promotion
30-day free trial
Learn more
on QuickBooks' website
Pros
- Strong feature set includes thorough record-keeping, invoicing and advanced inventory management and pricing rules.
- More than 200 reports, including industry-specific options for various industries.
- 24/7 phone and chat support.
Cons
- Outdated user interface.
- Limited direct, third-party integrations for payroll software and popular point-of-sale systems.
- Annual subscriptions are expensive; each additional user license costs extra.
How to choose accounting software for medium-size businesses
Accounting solutions for medium-size businesses are often more advanced versions of the same products intended for small, growing businesses. They have invoicing capabilities, a mobile app, a variety of reports and integration options.
In addition to these basics, you might think about:
- Advanced features. Chances are, medium-size businesses carry more products on hand than smaller ones that sell less. Keeping track of inventory items, when they expire and where they’re located will save you time and money in the long run. While basic inventory tracking might suffice for some businesses, others will need to distinguish between parts and assemblies or create purchase orders from within the software. You might also consider pricing rules, workflow automation and industry-specific reporting.
- Your budget. Accounting software for medium-size businesses will be costly, so make sure it includes as many key features as possible. That way, you won’t have to pay extra for third-party integrations. Also pay attention to whether your subscription is billed annually or monthly. Sometimes, monthly discounts apply only if you commit to an entire year.
- User limits. As the owner of a midsize business, you probably won’t want to shoulder accounting tasks alone. Some products charge extra per user, while others come with unlimited users. It’s typically more expensive to add additional users to desktop-based software because it requires a separate license.
- Other integrations. Bigger businesses have more employees, which makes payroll and HR integrations especially important. Look for direct integrations with your payroll software and any other services you might require down the road, like bookkeeping assistance or marketing.
- Accessibility. Do you prefer locally installed or fully cloud-based software? Cloud-based software allows you to access your accounting information from anywhere with an internet connection, which may come in handy when you can’t be onsite. Otherwise, some desktop options let you add cloud hosting.
A version of this article was first published on Fundera, a subsidiary of NerdWallet
Last updated on April 5, 2024
Methodology
NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy.
NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software.
These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one.
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