These are the kinds of features we expect from dedicated inventory software, not accounting platforms, and ZarMoney is all the better for including them. We’ve long been elated that ZarMoney includes barcode management, two-step warehouse transfers and split-view multilocation inventory management. Sure, ZarMoney is an accounting software in name, but we’ve found over the years that it could entirely substitute for a dedicated inventory management platform. That time back is huge when running multiple businesses. This way, as you invoice for each of your businesses, you can incorporate billable hours and expenses without any extra digging. Plus, we appreciate that FreshBooks has always included its full expense and time management suites across all its pricing packages. When you want all your businesses to look equally professional, FreshBooks’ invoicing suite reinforces your branding. Over our years of testing FreshBooks, it’s always been easy to customize and brand our invoices as well. FreshBooks enabled us to get all our invoicing exactly right across our organizations. With this simplified invoice creation interface, we never accidentally jumped to another one of our companies’ tabs and took information from there instead. We love that we can create invoices from one tab since other platforms often lack this capability. In all of the years we’ve tested FreshBooks, the platform has blown other vendors’ invoicing interface and features out of the water. Oracle NetSuite hits the marks for even the most complex organizations. We executed fundamental accounting tasks without any actual labor on our end, and that’s invaluable for huge businesses operating at a massive scale.

The second feature is NetSuite’s astonishing breadth of automation features. Often, those in need of a multibusiness accounting solution are operating subsidiaries across borders, requiring the multicurrency functionality in which NetSuite excels. The first of these features is Oracle NetSuite’s extensive multicurrency usability. We particularly liked two NetSuite features in particular for multibusiness accounting and bookkeeping. We found that NetSuite’s reporting, billing and financial planning tools made it easy to manage finances across our enterprises. In fact, NetSuite’s accounting features are part of its ERP platform, a type of technology exclusively used among large businesses and megacorporations. Oracle NetSuite is our top pick for multi-enterprise accounting software since the platform’s advanced features are designed with large companies in mind. For high-functioning accounting software and streamlined multibusiness bill pay, go with Xero. When you’re running multiple businesses, the planning and organization that the Xero bill pay suite offers are beyond important. We also like how easy Xero has consistently made it to schedule payments and store all our outstanding bills in the same location. Year after year, the ability to pay multiple bills across multiple vendors in one click has thrilled us. This connectivity also reduced each of our businesses’ number of tasks, and we appreciated the valuable time this freed up for us.Īdditionally, Xero’s bill pay suite is the most powerful we’ve found in any accounting software platform. We found this greater set of third-party connections highly beneficial for keeping each of our businesses’ software platforms fully in sync. Whereas QuickBooks offers approximately 750 integrations, Xero includes more than 1,000. Xero is often touted as the best QuickBooks alternative, and at least in terms of integrations, it’s indeed the winner. In our eyes, QuickBooks delivers on it and then some. When you’re managing the accounting for several businesses from one login, this consolidated, powerful reporting functionality is an absolute must-have. With basic reports such as profit and loss statements and, for Advanced users, fully customizable dashboards, QuickBooks streamlined our financial data review across organizations.

We found that multibusiness owners stand to benefit a great deal from QuickBooks’ reporting suite. When we tested QuickBooks simultaneously for several small businesses, growing companies, new organizations and some of each, we were impressed each time. We like that, with higher tiers, you also get bill management, inventory management and project profitability tools. QuickBooks has earned this esteemed reputation due to its bank reconciliation, finance management and invoicing features that suit businesses of all sizes. With QuickBooks, you equip all your businesses with the gold standard in accounting software.

Software for bookkeeping business