Accounting software

[sergeylim88]

which accounting software would you recommend for international accounting compliance?
we use paypal invoicing a lot so we have the paypal fees for each payment coming in, and paypal fees for money withdrawal (you send 2k to card, and fee is 5$)
money is withdrawn to bank acc....
not sure if there is an automatic input option

how would you recommend keeping accounting in this case??
would you download paypal invoice manyally? i don't see any option for invoice bulk download.

 

[troubled soul]

Zoho Books:
FreshBooks:
Xero:
Intuit QuickBooks:
NetSuite:
MarginEdge:
Sage Business Cloud Accounting:
Kashoo:

 

[Marzio]

Quaderno - Worldwide tax compliance software

Quaderno is an automated tax compliance software that calculates and tracks VAT, sales tax, and GST for online businesses. Try Quaderno today risk-free.

www.quaderno.io

 

[sergeylim88]

is there any free alternative?
we have about 50 transactions per month

 

[Sols]

Wave (Wave Financial: Financial Software for Small Businesses) is free but only works for some jurisdictions. GnuCash is an application that's free but difficult to use.

Paying for accounting software is an easy win. It's a guaranteed write off, so you recuperate the cost in the form of reduced tax base.

 

[troubled soul]

You can use MS excel .........or Google spreadsheet

 

[JustAnotherNomad]

You didn't mention the country you're operating in. Wave is a free software that many people use.
Quickbooks is popular in the US, but it's not free.
I don't remember exactly, but I think Odoo is free and then they make money by selling consulting services. It has a lot of enterprise-level features.
Xero isn't free, but it also looks like a very flexible option. I am planning to use it.

 

[sergeylim88]

it is for UAE freezone company

 

[Larin]

I use Zoho. It does everything one could possibly need (up to domain registration and email, along with accounting). The only thing that's missing is payroll for UAE.

If you invoice in multiple currencies you will be looking at about $50 per month.