Top 10 Accounting Software Every Student Should Learn in 2025

TABLE OF CONTENTS

1. Introduction
2. The Top Accounting Software in 2025
3. The Importance of an Accounting Software
4. Real-Time Financial Insights
5. Seamless Financial Processes
6. Efficient Accounts Receivable and Payable Management
7. Conclusion
8. FAQs

Introduction

The finance and accounting landscape is no stranger to the emerging online workforce management software vendors, applications, and platforms. Together with the readily accessible learning management systems, accounting software is prevalent in today’s market, ready to cater to all kinds of businesses, managers, accountants, and decision-makers. There is a plethora of free accounting software for students in the finance and accounting field to learn to easily maneuver an increasingly data-driven, digital world.

The Top Accounting Software in 2025

1. QuickBooks

For students, there are several software considered as the best accounting software for beginners. QuickBooks is one of them and is even considered a small business accounting software, which means that it’s an effective tool for managing the finance requirements of small businesses. Furthermore, it’s a cloud-based accounting software that caters to small to medium-sized businesses, self-employed individuals, and so on.

Some Key Features

1. Sync apps and organize bills for seamless cash flow management.
2. Generate and protect estimates, insights, and reports easily.
3. Boost operations with an automatic GPS mileage tracking and inventory calculator.
4. Payment management with same-day direct deposits.

2. Go GST

The GST billing software in India is a widely used and most trusted online billing software today. Beautiful, faster, and error-free invoice creation is the specialty of this tool. Simple yet powerful, it helps owners control their business activities in one place.

Some Key Features

1. Customizable reporting
2. Seamless invoice generation
3. Simplified returns filing
4. Customer management

3. Tally ERP 9

Tally ERP 9 for small and medium businesses helps to efficiently manage processes. For more than three decades now, it’s been used by business owners across India. Moreover, it’s one of the greatest accounting software programs that can be incorporated with other company apps.
How to use ERP Tally? The software can be purchased and downloaded from the Tally website for Windows only. After installation, you can use it and navigate using the keyboard and start to program it or create your company. You will be guided by the tool as you go along.

Some Key Features

1. Inventory Management
2. Accounting functionality
3. Scalability
4. Remote access

4. NetSuite

A cloud-based accounting software for small businesses, NetSuite offers a suite of ERP apps, HR processes, omnichannel commerce, and a whole lot more. The tool aims to simplify all accounting processes in one place and generate data in real time. Moreover, it presents opportunities not just for small businesses but for startups, family-owned businesses, and mid-sized businesses as well.

Some Key Features

1. The enhanced accounts receivable tools accelerate processes.
2. Avoid late fees and save time on accounts payable.
3. Get 360 visibility and cash management optimization.
4. Organize both local and global tax management details.

5. FreshBooks

It’s considered the best accounting software for sole traders, startups, and even high-growth businesses. Designed by a four-person design company that wants to streamline the accounting process for small business owners, the platform provides real-time, on-the-go accounting tools. The features are great for basic and advanced accounting and sync data across devices.

Some Key Features

1. Accurately monitor expenses and receipts using an expense tracking module.
2. Directly receive payments and record them easily with automation.
3. Easily collaborate with clients for maximum productivity.

6. Sage Intacct

Is a cloud-based accounting software designed to meet the needs of modern business organizations. It has won several awards and topped the charts when it comes to customer satisfaction. An advanced financial and accounting management software, it offers a comprehensive set of tools. Moreover, the software empowers businesses of all sizes to streamline their processes and optimize performance.

Some Key Features

1. Quote-and-order-to-cash and set up daily cash transaction cycles.
2. Shortens accounts payable processing time using automation.
3. Easily comply with tax requirements using its Intacct Multi-tax.
4. Streamlines general ledger tasks using the Intelligent GL powered by Artificial Intelligence.

7. Xero

Another web-based accounting software for small business makes everyday business seamless by automating manual tasks, creating a collaboration space effectively, and updating records. Moreover, the platform allows connections to over a thousand third-party applications. Moreover, Xero has specific tools for construction and retail businesses, non-profits, and Amazon sellers.

Some Key Features

1. Store and schedule online payments and bills via automation.
2. Keep a record of secured bank feeds anytime.
3. Bulk bank transactions categorization.
4. Generate multi-currency reports with a reporting module.

8. TrulySmall Accounting

Developed by Kashoo, the accounting software caters to small businesses, including owner-operators, freelancers, and contractors, claiming to ‘do the heavy lifting’ for users via automation. Moreover, it boasts an easy-to-learn platform with its Smart Inbox feature resembling an email inbox interface.

Some Key Features

1. Track payments and invoices with the free app TrulySmall Invoices.
2. Set up multi-currency support easily to view reports with multi-conversions.
3. Safe store and manage data with a double-entry ledger.
4. Stay updated with real-time sales and sales tax tracking.

9. Oddo Accounting

One of Odoo’s product offerings. It’s a suite of open-source business applications. User-friendly, it’s a cloud-based accounting software for small businesses that’s user-friendly and has a compact interface where everything can be easily accessed. Oddo Accounting encourages paperless transactions by converting files or images to organized lists and using AI to help minimize errors.

Some Key Features

1. Create error-free reports using AI-powered invoice digitization.
2. Generate automatic reconciliations using the Smart Reconciliation Tool.
3. Simplify global transactions using multi-company and multi-currency features.
4. Unite legal reports and statements and access them from any device.

10. Wave

Another cloud-based accounting software, Wave helps small businesses with its three basic solutions, that are easy to set up and use. Furthermore, the tool enables users to send invoices on the go with one click. Users can switch between manual and automatic billing to ensure that payments are sent on time.

Some Key Features

1. Integrate unlimited bank accounts for cash expense and income reports organization.
2. Track communications with every customer with its informative history records.
3. Generates monthly and yearly reports instantly even on its mobile app.
4. Share details with unlimited collaborators and control account privileges securely.

The Importance of an Accounting Software

1. Real-Time Financial Insights
   Accounting software provides financial data access in real time, allowing stakeholders to make informed decisions. Moreover, the tool offers deep insight into the financial health of the business.
2. Seamless Financial Processes
   Aside from popular tools Microsoft tools, such as Excel for Accountants, accounting software could help streamline the entire process. Furthermore, the tool can automate many processes, such as bookkeeping, financial reporting, and invoicing, saving time and reducing the possibility of making errors.
3. Efficient Accounts Receivable and Payable Management
   An accounting software facilitates efficient accounts management. This speeds up the cash flow and reduces the risk of missed income opportunities and late payments. Moreover, the tool can significantly boost the financial liquidity of businesses big and small.

Conclusion

Accounting software is an invaluable tool for your business. it’s not just a tool but a business partner that empowers the accounting landscape. Students and business owners alike should be able to choose the right software that aligns with their requirements to boost efficiency.

FAQs

1. Do I need accounting software?
   Even the smallest business uses some form of software, so yes, today’s business needs accounting software.
2. What’s the best accounting software for sole traders?
   There are several tools you can find mentioned above, such as the Xero accounting software.
3. Can accounting software replace accountants?
   While it can automate some tasks, the software is not designed to replace an accountant but serves as an accountant’s partner.
4. Is using cloud-based accounting software beneficial?
   All data is stored on the provider’s servers, offering numerous benefits compared to traditional desktop accounting software.
5. Should I choose accounting software based on my industry?
   In some instances, yes. Certain industries should comply with specific accounting requirements.