Are you a WordPress website owner in need of an accounting solution but feeling overwhelmed by the plethora of plugins available? Look no further as we have curated a list of the 6 best WordPress accounting plugins for 2023 that are both free and paid.
In today’s digital age, it’s imperative to have a functional accounting plugin that will help you manage your finances seamlessly. Did you know that WordPress has over 60,000 plugins available, out of which only a handful are accounting plugins? That’s why we have handpicked the best ones to assist you in choosing the right plugin for your business needs.
In this article, we’ll delve into the six best WordPress accounting plugins for 2023. We’ll explore each plugin’s features, pricing, and user experience to help you make an informed decision. So let’s jump right in!
Best Accounting Plugins for WordPress
The Best Accounting Plugins for WordPress are essential tools for any website owner that wants to effectively manage their finances.
If you want to streamline your financial management and keep everything in one place, check out the following accounting plugins for WordPress that we’ve found to be the best options on the market today.
Complete WordPress Business Manager With HR, CRM & Accounting Systems For Small Businesses
WP ERP is a comprehensive business management plugin that allows you to manage your WordPress accounting websites and businesses from one platform.
It utilizes an Enterprise Resource Planning platform and consists of human resources, corporate CRM, and financial accounting modules. With an intuitive design, this plugin makes it easy to manage your business with just one click.
The accounting system comes pre-loaded with ledger accounts for all essential aspects of business management, including assets, liabilities, expenses, earnings, etc.
This plugin provides various types of reports required by businesses, and a comprehensive review of revenues, expenses, receivables, payables, balances, etc.
It allows you to establish fiscal or financial years, create accounts for ledger plugins or bank accounts based on your organization’s needs, and have all accounts with the same opening balance. Additionally, it offers a closing balance sheet at the end of the fiscal year.
- Human resources, corporate CRM, and financial accounting modules.
- User-friendly and intuitive design.
- One-click activation.
- Pre-loaded ledger accounts for assets, liabilities, expenses, earnings, etc.
- Provides various types of reports required by companies.
- Comprehensive review of revenues, expenses, receivables, payables, balances, etc.
- Establish fiscal or financial years.
- Create accounts for ledger plugin or bank accounts based on your organization’s needs.
- All accounts can have the same opening balance.
- Offers a closing balance sheet at the end of the fiscal year.
An Accounting plugin For Small Business
WP Ever Accounting is a plugin that helps small businesses manage their earnings and expenses, send invoices, and monitor payments and spending in real-time. For entrepreneurs, tracking their cash flow is one of the most essential tasks, and this plugin makes it possible.
This accounting solution gives businesses an easy but reliable way of keeping track of their financial activities, generating reports that help guide them financially.
The plugin offers several advantages to small business owners, making it possible for them to maintain their income and expenses without being an accountant. The integrated permissions system allows for fine-grained access controls, and accounting records can be exported to Excel.
You can create and manage bills using a variety of tools, and it is possible to bulk import customers, vendors, revenue, payments, and accounts from any 3rd party application. Several submenus are available in the main menu.
- Open-source projects can be hosted on your own server
- Fine-grained access controls through an integrated permissions system
- Accounting records can be exported to Excel
- Create and manage bills using a variety of tools
- Bulk import customers, vendors, revenue, payments, and accounts from any 3rd party application
- Several submenus available in the main menu
- User-friendly interface
- Real-time monitoring of payments and spending
- Multi-currency support for invoicing
- Generate financial reports to guide business decision-making
An Accounting Plugin For WooCommerce
Finpose is a WooCommerce accounting plugin that allows you to manage orders, billing, and taxes all in one place. With Finpose, you can handle all your WooCommerce store needs without any difficulty.
It helps you manage taxes, expenses, and orders, saving you time each week by eliminating the redundancy of mundane financial tasks. Finpose automatically calculates tax receivables on your purchases and balances of tax are calculated every month.
Using Finpose, you can filter orders by payment methods, statuses, and amounts of information about customers. You can also get detailed breakdowns of payment methods stored and exported. However, it only works in the admin area.
The plugin allows you to save transaction fees automatically as expenses. You can assign costs and expenses to custom categories and determine your major expenditure categories.
Finpose also helps you manage vendor accounts, identify each vendor’s balance, and track costs. It provides you with profit and loss information from the previous year immediately and includes a breakdown by month.
With Finpose, you can display stock numbers provided by WooCommerce on your website and manage cash flow.
- Automatic calculation of tax receivables
- Filtering of orders by payment methods, statuses, and customer information
- One-stop solution for managing orders, billing, and taxes
- Integration with an accountant
- Automatic saving of transaction fees as expenses
- Management of vendor accounts and tracking of costs
- Provides profit and loss information with a breakdown by month
- Displays stock numbers provided by WooCommerce on your website
- Helps manage cash flow
- Custom categorization of expenses
The Most Flexible Accounting Plugin For Non-Accountants
Zero BS Accounting is an accounting plugin that simplifies bookkeeping without the need for accounting or coding expertise. Its user-friendly interface displays monthly income and expenditure charts along with breakdowns for each day of the month, providing a comprehensive overview of your finances.
This accounting plugin offers exceptional flexibility, making it ideal for non-accounting professionals. By selecting the income or expense type, the plugin automatically performs calculations and displays results, reducing the need for manual data handling. The plugin does all the tracking automatically, ensuring accurate figures each month.
Zero BS Accounting provides robust security, as all data is stored on a local server. In the case of any issues, the plugin has excellent support to cover all your accounting needs for easier bookkeeping. It is even possible for users with little or no coding knowledge to utilize it effectively.
- Easy to duplicate, edit, and copy documents
- Keeps regular records of total expenditures
- Offers extreme flexibility
- Excellent security measures
- Offers full support
- Easy to use for non-coders.
- Automatically calculates income and expenses
- Provides comprehensive financial breakdown
- Displays monthly income and expenditure charts
- Simplifies budget management
Gives Easy And Quick Solution For Book Keeping
CBX Accounting & Bookkeeping is a plug-in designed for small businesses that want to set up an economic accounting system or CRM & accounting system. It allows proprietors to keep track of their income and expenditures without any accounting knowledge.
It has a simple dashboard, various tabs in plugin settings, log manager and income & expense management. This plugin is not a double-entry accounting system, but it’s perfect for proprietors who want to control their finances.
The plugin allows users to export logs in PDF and Excel formats, use several features from StatementGenerate Pro, add, edit or delete any entry in the logbook and add clients and vendors to their account.
It also has a WooCommerce integration (Pro features) and allows proprietors to manage the cash and bank accounts of their organization. They can also access the frontend account with all backend features.
- Exports Logs in PDF and Excel formats
- Includes Several features from StatementGenerate Pro
- Add, edit or delete any entry in the logbook
- Add clients and vendors to your account for free
- WooCommerce Integrations (Pro features)
- Manage cash and bank accounts of the organization
- Frontend Account access with all backend features.
An Online Accounting Software
Akaunting for WooCommerce is a versatile plugin that allows you to manage your finances, invoicing, and accounting with ease. This plugin features various tools to help you efficiently manage your expenses and track your accounting functions.
However, to use this plugin, you need to possess some skills in Linux, IT, and server administration, as well as knowledge on creating containers in Docker and managing them.
One of the impressive features of this plugin is that it integrates data from your WooCommerce store into accounting. It is the only option that can be found if you want a modern accounting web application such as Quickbooks Online, hosted on your server, and store your data there.
It eliminates manual data entry, accounting errors, and lets you focus on growing your business instead of bookkeeping and accounting reconciliation.
Despite this plugin’s usefulness, it has some caveats, such as its complicated installation procedure and its ease of use by anyone. On the other hand, the Akaunting for WooCommerce has a modular design that makes it a great app store plugin for both developers and users because it is easy to use.
Some of the key features of Akaunting for WooCommerce include billable expenses, easy invoicing, multi-currency capability, inventory management, bank account management, customer management, and vendor management.
Frequently Asked Questions
Using accounting plugins for WordPress can help simplify financial tracking and reporting, increase accuracy and efficiency, improve data security, and provide a better overall user experience for both the site owner and their customers.
When choosing an accounting plugin for your WordPress site, consider factors such as the specific features you need, your budget, and the level of support offered by the plugin developer. It can also be helpful to read reviews from other users and prioritize plugins that receive frequent updates and offer good documentation.
Accounting plugins can help you streamline financial management on your website, simplify tasks such as invoicing and expense tracking, and ensure accurate bookkeeping. They can also provide valuable insights into your business’s financial health and help you make informed decisions.
In conclusion, we have discussed the top 6 WordPress accounting plugins for 2023, highlighting their features, benefits, and pricing options. Whether you’re a small business owner or a freelancer, these plugins can help you manage your finances more efficiently on your WordPress site.
For more tutorials related to this topic, be sure to check out the BetterStudio blog. We regularly publish helpful guides and tips to help you get the most out of your WordPress website.
Thank you for reading our article. If you have any questions or encounter any issues with the plugins mentioned in this article, please let us know in the comment section below. We are always happy to help!