Finding the right digital accounting software for Macs can be challenging as some aren’t compatible with your operating system. In this article, we’ve compiled a list of the best accounting software for Macs and small businesses.
We'll also briefly discuss the Wise Business account, which offers numerous accounting integrations and a great way to save on fees.
Looking for a low-cost, yet reliable international business account?
Let's get started with the list of small business accounting software providers for Mac owners.
QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime. It is one of the dominant accounting software companies in the US and the world, with over 7 million global customers and a wide-range of features catering to small businesses.
QuickBooks offers four pricing plans for their services:
They currently offer a 30-day free trial, or you can receive 50% off any pricing plan for the first three months.
You can also add the option of payroll to your plan, which would cost you an extra amount based on your plan of choice:
These options will also be discounted if you choose the 50% off plan for the first three months.
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Xero is an online accounting software for small business owners and accountants. Data is viewable through a single ledger, giving accountants and small businesses the ability to collaborate and manage their finances effectively.
Xero offers three pricing plans for their services:
They currently offer 50% off any pricing plan for the first four months.
Sage is a UK-based software company. It provides business management solutions to companies of all sizes. Their accounting software, Sage Accounting, is designed to help businesses manage their finances. They help you make informed decisions based on accurate financial data.
Sage 50 offers three pricing plans for their services:
Each of the prices listed above reflects Sage 50’s price for one user. They recommend Pro or Premium for small businesses. They also offer payroll bundles where the price isn’t as transparent. Currently, Sage 50 is also offering a 30-day free trial.
Wave offers 100% free, real double-entry accounting for small businesses. It supports 2 million small businesses, offering a suite of money management features beyond its simple accounting solution.⁵ As a cloud-based software, Wave helps you access data from a single login, and you can also add an unlimited amount of team members to ensure efficient collaboration.
Unlike the services listed above, Wave has users pay for specific features. Below is a table of what you would have to pay for each of those features.
| Feature | Cost |
|---|---|
| Invoicing | $0 |
| Accounting | $0 |
| Credit Card Payments | 2.9% + $0.60/transaction |
| Credit Card Payments (AMEX) | 3.4% + $0.60/transaction |
| Bank Payments | 1%/transaction ($1 minimum) |
| Mobile Receipts | $8/month ($96/year) OR $72/year ($6/month) |
| Payroll (Tax Service States) | $40/month
|
| Payroll (Self Service States) | $20/month
|
| Bookkeeping Support | $149/month |
| Accounting & Payroll Coaching | $379 (one-time fee) |
Wise Business can help you save big time on international payments.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies.
Signing up to Wise Business allows access to BatchTransfer which you can use to pay up to 1000 invoices in one go. This is perfect for small businesses that are managing a global team, saving a ton of time and hassle when making payments.
Some key features of Wise Business include:
Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers
Global Account: Send money to countries and hold balances in multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local
Access to BatchTransfer: Pay up to 1000 invoices in one click. Save time, money, and stress when you make 1000 payments in one click with with BatchTransfer payments. Access to BatchTransfer is free with a Wise Business account
Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met
Free invoicing tool: Generate and send professional invoices
No minimum balance requirements or monthly fees: US-based businesses can open an account for free. Learn more about fees here
Free Account Registration: Customers can get a Wise Business account free and only pay a nominal fee per transaction. This fee is currently: 0.42% of cross-currency transaction. Find out how much you could pay below:
“FreshBooks makes small business invoicing and billing so simple, you'll be amazed at the time you have to focus on doing what you love and how much faster you get paid.”
FreshBooks offers three set pricing plans for their services:
They also offer a “Select” package where the price is tailored to you and your company. Currently, FreshBooks is also offering a free trial or 60% off any plan for your first six months.
Netsuite offers a vast array of tools and systems, including budgeting, reporting, modeling, and forecasting. With Netsuite, enterprise businesses can undertake a wide range of financial planning and analysis to ensure that they use revenue as strategically as possible for business growth. Netsuite includes revenue and expense modeling features, approval workflows, and other types of financial management and reporting.
NetSuite Cloud Accounting Software does not have a set pricing plan. Instead, they have a tailored annual fee, which consists of three components: the core platform, optional modules, and the number of users. The accounting software also comes with a one-time implementation fee. As your business grows, you can also scale up your subscription through adding new users and other features.
FreeAgent is a cloud-based accounting software that offers convenient browser access. While it is more popular in the UK, it is available to US customers and is equipped with desktop and mobile applications for Apple users.
FreeAgent is primarily a service for the United Kingdom. But they do offer their services for United States businesses as well. While they have many pricing plans in the UK, they only have one plan for the US. This plan is $24/month.
They are currently offering 50% off for your first six months. Or you can start a 30-day free trial with them.
For small businesses, Zoho Books' most effective feature is its ease of use. The app is designed to be straightforward, so you can get started without having to wade through a lot of complicated features.
Zoho Books offers six pricing plans for their services:
These rates are per organization per month. The first rate listed is for monthly billing, while the second is the monthly rate for annual billing.
Looking for a low-cost, yet reliable international business account?
Sources used :
Sources last checked on 19-January 2024.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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