Best Bookkeeping Apps for Android & iPhone Mobile Phones

Accounting procedures are simplified and expedited with bookkeeping apps. Businesses and organisations create and send estimates to potential clients using commercial and free online accounting apps for Android. When these potential consumers become regular customers, regular accounting apps assist with creating and tracking all invoices.

Bookkeeping is a difficult task. To perform such a duty at work or for your own goals, you must be alert and intelligent. However, with a good application, it will be a lot faster.

This is why we've compiled a selection of trustworthy and straightforward bookkeeping softwares. There are excellent solutions for both corporate and personal use.

If you have a large family and are having trouble saving money, check out the best bookkeeping apps for Android & iOS in 2023. The finest bookkeeping apps may also manage payrolls, scan receipts, track budgets and do other economic & accounting tasks.

Did you know?

Visicalc was founded in 1978 in the bookkeeping sector, and it was the first spreadsheet application that allowed for computerised financial modelling.

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The Accounting Apps' Key Features for Precise Bookkeeping

The top bookkeeping apps provide a statistical workflow for effective project and financial administration. Here is a list of important features found in typical accounting apps for mobile and desktop computers. Apart from multicurrency billing and expenditure monitoring, the most exemplary accounting programs can also be used for:

• Invoicing

If you want to get revenue for your goods & services, you'll need to prepare invoices. This most critical function is thus fulfiled by both premium and free accounting apps for desktop and mobile devices producing invoices to ensure you get compensated on time.

• Accounting Receivables

Smartphone bookkeeping apps provide information on account receivables, allowing you to keep track of all payments that have to be made.

• Bank Information

Accounting software receives direct data from a client's bank account, allowing end-users to monitor daily transactions.

• Keeping Track of Bills

Smartphone accounting apps keep track of bills and invoices for easy access. You don't have to keep records offline, and you can retrieve bills and invoices whenever you need them.

• Cashflow Management

Both premium and free accounting apps provide substantial dashboard assistance for cash flow management. You could check your account balance and track your business spending and cash flow with these interfaces.

• Client Bookkeeping

Daily bookkeeping apps assist with writing and analysing code transactions. These are necessary not just for bank reconciliation but also for monitoring your company's financial health.

• Expense Reports

They help associate expenses with all purchases made. This is necessary for determining profit margins and the actual price of any business activity.

A List of Mobile Bookkeeping Apps

1. FreshBooks

• App Store Rating: 4.8
• Google Play Store Rating: 4.4

Contractors, corporations and others use the FreshBooks mobile bookkeeping app to organise spending and manage receipts. This bookkeeping app also makes creating and monitoring invoices simple. FreshBooks offers many collaboration capabilities for organising folders, files and chats as the most acceptable accounting app.

Advantages

• Real-time invoice tracking.
• Support for the cloud and simple implementation.
• Invoice management templates that can be customised.
• Importing expenses automatically.

Disadvantages

• This accounting app for mobile can be slow when dealing with massive data quantities.

FreshBooks Cost: FreshBooks is a free online accounting app that can be used for a limited time. This top accounting app for iPhone and Android includes features that allow you to track limitless spending, send unlimited estimates, and manage tax reports.

2. QuickBooks Online

• App Store Rating: 4.7
• Google Play Store Rating: 4.1

Through QuickBooks online mobile bookkeeping app, you can organise your accounting information, create accurate invoices and track your sales. Being one of the top daily accounting programmes, QuickBooks online has powerful cost control features. With this tool, you may quickly create data reports, review cash flow statements and assess revenue earned.

Advantages

• Ease of usage and intuitive.
• Assistance for financial process management via a dashboard.
• The structure & format of invoices can be easily customised.
• Integration with your device's other apps.

Disadvantages

• It's tough at first to navigate between modules.

QuickBooks is a free accounting app that may be used for a month on a trial basis. You can quickly issue POs, send personalised invoices and track income with the premium plan.

Also Read: Top Apps to Manage Money - Manage Your Personal Finance With Money Manager App

3. KhataBook

• App Store Rating: 4.7
• Google Play Store Rating: 4.4

KhataBook is a user-friendly digital ledger that enables micro, small, and medium-sized businesses to safely manage and record their transactions. Users can also send and receive online payments using UPI and QR codes. Furthermore, users may download and share the app's generated reports with each transaction, making it simple to keep track of debits and credits. It performs automatic data backups, allowing for more precise security against phone theft or loss. Khatabook syncs all of the data automatically, saving users hours of time.

Advantages

• Users can receive payments from any app using the KhataBook QR code. 
• They can send automatic payment reminders to customers, along with payment links, and they can collect payments on time. 
• The app offers support 24 hours a day, 7 days a week in 12 languages.

4. Zoho Books

• App Store Ratings: 4.6
• Google Play Ratings: 4.7

With Zoho Books, you can automate your business activities. Small and large enterprises alike select this finest accounting tool for managing funds and guaranteeing effective accounting operations. Retail invoices, payment reminders & returns filing are all simple tasks that the Zoho Books application can handle for smartphones and desktops.

Advantages

• Zoho Books makes accessing and managing many clients simple.
• Bill handling is made simple.
• Invoice generating that runs smoothly.
• The setup process is straightforward and painless.

Disadvantages

• Payroll is currently unavailable.
• Storage space is limited.

Zoho Books offers a variety of monthly subscription plans for its free application for computers and mobile devices. For ₹6,000 per year, you can have the premium of this relatively free accounting app. You can handle budgets, GSTINs and several currencies with this package.

5. Wave Accounting Software

• App Store Ratings: 4.6
• Google Play Ratings: 4.6

Wave bookkeeping software helps you organise costs and money into clean sections. Because of its influential report generating features, Wave is regarded as one of the top free accounting applications. With this phone bookkeeping app, you can quickly produce bills, outstanding invoices & cash flows. The most incredible thing about this accounting app is its double-entry approach to generating its financial statements.

Advantages

• This free accounting app is accessed from anywhere, thanks to cloud-based assistance.
• User-friendly interface.
• Accounting management abilities are pretty beneficial.
• Multiple businesses can be managed with a single login.

Disadvantages

• The ability to schedule recurring bills is lacking.

This free accounting app for Android and PC has a lot of characteristics for keeping track of sales tax, keeping track and scanning receipts of costs.

6. FreeAgent

• App Store Ratings: 4.7
• Google Play Ratings: 4.6

The FreeAgent bookkeeping tool helps you manage various tasks such as invoices, bills, costs, payrolls and travel. You can also track time and examine cash flows to keep an eye on taxes. The application's revenue and expenditure reporting section enable users to evaluate a project's performance.

Advantages

• Time tracking for ongoing projects.
• Automatically generated dividend vouchers great customer service assistance.
• Account interface for viewing annual goals.
• Non-payment reminders are sent automatically.

Disadvantages

• The user dashboard is not very friendly.

Pricing for FreeAgents: You can choose between a month free trial and a monthly subscription plan by getting a callback from our product specialists. The premium plan includes excellent assistance for multicurrency billing.

7. Xero

•  App store ratings: 4.5
• Google Play Rating: 4.6

Among the most common accounting software for small businesses is Xero mobile bookkeeping. Xero may be used to automate invoicing, reconcile bank transactions and manage expenses as the finest accounting tool for Android and iPhone. You can also use bookkeeping software to manage contacts and keep track of sales, receipts, payments and communications.

Advantages

• Check invoices with this powerful dashboard.
• Seamless updates.
• Excellent multicurrency functionality.
• Uncluttered accounting interface.

Disadvantages

• Customer service is lacking.
• Making journal entries is not possible.

Pricing for Xero Accounting Application: The accounting book app has several premium plans for documenting invoices, bills and bank transactions. Premium plans begin at ₹404.

8. Bookkeeping by GoDaddy

• App Store Ratings: 4.8
• Google Play Ratings: 3.6

With the GoDaddy bookkeeping software, you can import money and produce invoices. Business owners and other freelancing professionals use the programs to calculate taxes, manage inventories and pay bills. The ability to interact with websites for bookkeeping is a unique feature of this regular accounting app.

Advantages

• User-friendly interface.
• It's simple to add payments to invoices.
• Quick expense categorisation statements.
• The ability to upload transactions from a CSV file is quite helpful.

Disadvantages

• The features for tax preparation are a little confusing.

The premium plan is ₹366 per month. This plan allows you to track mileage, issue estimates quickly and receive smartphone payments.

9. Vyapar App: Great for GST Bill Generation

• App store ratings: NA
• Google Play ratings: 4.6

With the Vyapar accounting management application, keep track of all cash flows. The small business bookkeeping apps are excellent for managing several procedures. This accounting program can customise GST following invoices and create seamless invoices.

Advantages

• Cashbook management with advanced billing features.
• Instant inventory status checks.
• The payment gateway configuration module aids inefficient payment management.
• Syncing different devices quickly.

Disadvantages

• The pricing history isn't available.
• Adjusting journal entries is not feasible.

Vyapar application includes a 30-day free trial edition, with a yearly premium plan at ₹229. Using this plan, you can rapidly send quotes and estimates, record expenditures and track invoices.

10) Refrens

App Store Rating: 4.7

Google Play Store Rating: 4.6

Refrens is a popular accounting app designed to help businesses of all sizes streamline their accounting, invoicing, and quotation processes. With Refrens, you can easily create and manage invoices, quotes, and track payments, making it a great tool for simplifying your business finances on the go. Trusted by over 150K businesses globally, Refrens ensures that your financial tasks are organized and accessible anytime, anywhere.
Refrens also simplifies accounting by automatically passing journal entries, creating ledgers, and updating voucher books based on the invoices and expenses you create. This automation eliminates the need for manual data entry and reduces the chances of errors, making accounting more efficient and accurate. Additionally, Refrens helps generate detailed financial reports, providing insights into your cash flow, profits, and expenses, so you can make informed business decisions.

Advantages:

• User-friendly interface, perfect for quick invoicing and quote generation.
• Integrated expense management allowing you to track and manage all your purchases, employ cost, admin cost, etc.
• Supports multi-currency invoicing, ideal for international businesses.
• Customizable templates for quotes and invoices, enhancing your brand's professionalism.
• Integration with Shopify, allowing you to sync your sales data and automate invoicing for your eCommerce store.
• Automated accounting features, such as journal entries, ledger creation, and voucher book updates based on transactions.
• Financial reporting capabilities to create detailed reports on profits, cash flow, and expenses.

Disadvantages:

• The free plan limits the number of documents you can create per month.
• No offline version available
• Refrens offers both a free version and paid plans, making it accessible for businesses of all sizes while providing more advanced features as your business grows.

Pricing options:
Free: $0
Accounts Lite $10
Accounts : $25
Platforms:
Web, iOS, Android

Conclusion

For your accounting needs, we've compiled a selection of bookkeeping apps. Whatever your needs are, accounting software for Android on this list is a perfect match for you. Check their websites, or sign up for a free trial to pick your accounting partner. The cash flow starts the moment you start your business. All businesses require certain investments, and unexpected events might throw you off your budget. It's also essential to create invoices for each customer and pay on time. Other necessary expenses, such as insurance and long-term planning, should not be overlooked. Tax calculations and filing are also included. As a result, controlling a company's finances becomes extremely difficult. Furthermore, if you operate a small firm, you must be prepared for a sudden downturn or invest in critical components and initiatives.
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