The adoption of technology-driven solutions in the accounting field will continue to grow in the next years. As the appetite for computerized accounting increases amid the epidemic, software firms will provide robust answers to this demand. These software platforms feature a variety of software features accountants value most, including process optimization and task reduction.
According to a study by Fortune Business Insights, the accounting software industry will experience a higher degree of growth in the years ahead. There is a strong desire for software platforms to manage spreadsheets and have a better understanding of tax management across the world. During the 2020-2024 forecast period, the market is anticipated to increase at a CAGR of 6%, owing to the pandemic’s influence on the industry (Businesswire, 2020). North America will be at the forefront of this development, however adoption of contemporary technologies in Asia Pacific will help propel accounting software companies.
Most Popular Accounting Software
- Sage Intacct. provides cash management, accounts payable and receivables, and spend management services. Our Sage Intacct review goes deeper into the program.
- Xero. helps users keep track of and modify transactions, watch their spending, and even handle payroll with ease. Check out our Xero review to discover more about the program.
- FreeAgent. is a PC software that allows you to create invoices, track expenses, and time records with its stopwatch. Discover more in our full FreeAgent review.
- Sage Business Cloud Accounting. Sage Business Cloud Accounting is a comprehensive cloud-based accounting solution that combines accounting, expense management, and regulatory compliance into one platform. Read our Sage Business Cloud Accounting review to learn more about the program.