4 Accounting Software Packages for Coworking Pros 2020

Wave Accounting

Wave is an interactive accounting system focused on the Internet developed specifically for small companies, freelancers, and consultants. Wave provides accounting, invoicing, billing, payment monitoring, payroll processing, budget management, and receipts functionality.

Businesses can connect their bank accounts, PayPal accounts and other data sources for tracking real-time transactions with the Bank reconciliation app. Organizations may also produce data with Wave accounting, such as balance sheets, sales tax data, and receivable and payable account reports.

The Wave accounting framework also offers an invoicing mechanism for raising money, and users can choose the template of their choosing according to the needs of the company. Invoices can be sent via email, and payment processing by the system allows users to collect payments by credit card.

Wave payroll (supported in the US and Canada) comes with apps like direct deposit and self-service for workers. The personal finance app provides a budgeting app, real-time monitoring of savings and a personal finance management dashboard.

Billomat

German-based software firm selling a software product called Billomat. Pricing starts at $9.00 per month / user. Billomat provides reporting training, and live online training. Billomat is accounting software which contains features such as accounts payable, accounts receivable, bank reporting, accounting & invoicing, cash management, CPA companies, expense monitoring, fixed asset management, fund accounting, general ledger, finance, multi-currency, project accounting, buying, non-profit, which purchase orders. Billomat provides assistance online and during business hours. Billomat offers a free trial. Billomat is available as SaaS, Android, iPhone, and iPad software. Some alternative products to Billomat include RetailGraph, Accounting Seed, and Finance360.

Chargebee

Chargebee is a recurring billing application certified PCI Level 1 for SaaS and subscription-based businesses. Chargebee integrates with the world's leading payment gateways to enable you to automate payment processing, invoicing, email alerts and customer administration. Chargebee takes the sting out of subscription billing with power-packed integrations such as Xero, QuickBooks Online, Avalara, NetSuite, Zendesk, MailChimp, ShipStation, Salesforce, Slack and Shopify.

Overall: Overall a very capable subscription management tool with great integrations.

Pros: Excellent platform to manage your Saas Business. Great, very easy to use integrations with many vendors (Stripe, QuickBooks, Zapier, etc). Highly customizable settings for everything: email templates, the general look, and even the workflow & the custom fields.

Cons: Takes some time to get used to how to work together with your app and integrate everything to work flawlessly, but it's worth it.

FastBill

Fastbill is a tech firm offering the app title FastBill. FastBill is the billing and invoicing program, which includes features such as flexible invoices, electronic payments, recurrence / subscription billing, payment processing, accounting system, tax calculator, dunning management and communication database. With regards to system requirements, FastBill is available as SaaS software. FastBill provides the assistance online. Some alternative products to FastBill include PaySimple, Fusebill Subscription Billing, and Bill.com.

Pros: That it supports so many features that competitors often don't have: custom invoice design, actual bank account connection and a variety of different payment methods.

Cons: That it does not allow multiple users in the cheapest pricing plan (9/mo). But other than that, it's great!