The 5 Best Accounting Software in NZ

Best Accounting Software in NZ

By Tony Wang

It’s stressful to keep up with your business’s accounting every day. Fortunately, we rounded up the best accounting software in NZ here to make the work easier for you.

There’s a wide gamut of accounting software on the market. Since they differ in functions and prices, you might be at a loss to know which one to use for your company.

That’s why we’ll zero in on the things you need to consider in buying a piece of accounting software. Doing this will help you choose from our selections later on.

Without further ado, let’s proceed!

Things to Consider before Buying Accounting Software

When buying accounting software, it’s important to know that there’s no one-size-fits-all solution because each business has different needs.

Some accounting software are suitable for small-and-medium enterprises, while others are best suited for startups and need to be replaced further down the road.

Here are the things you need to consider before buying a piece of accounting software:

1. Function

Knowing the function is crucial since your accounting will depend on this. At the very least, the software should be able to record your cash flow, profit and loss, and invoices.

Some add-ons are offered such as payroll and bank feeds for particular prices. You can also purchase plug-ins from their website for your accounting software. 

2. User-Friendliness

Some accounting software have great functions but sacrifice the user-friendliness. For example, common complaints are tedious input methods or disorganised dashboards

So that you can get a feel of the software, you can get a free demo from the software company. This way, you won’t have to buy the product before finding out that it’s not that great to use.

3. Security

Security is a vital factor in choosing accounting software. It should prevent others from accessing your business information.

Furthermore, the information you put on the accounting software should be protected from loss, since it holds the records of your daily orders, inventories, and payments.

4. Price

Almost all companies offer a number of plans with a set of useful features. They usually have basic, intermediate, and premium options, or maybe more.

The price of accounting software ranges from free to more than $300. Most free accounting software are suitable for only small businesses.

5. Customer Support

If you stumble upon an issue with the accounting software, it’s helpful to have a 24/7 customer support team to assist you. So without a doubt, this is also what you should look for.

The Best Accounting Software in NZ

Now that you know how to pick from our list, we now give you the best accounting software in NZ!

1)   Xero

Xero's Homepage
Best forSmall businesses
ProductsStarter, standard, and premium accounting software
AddressWellington HQ   19-23 Taranaki Street, Te Aro, Wellington 6011  
Wellington   181 Wakefield Street, Te Aro, Wellington 6011  
Auckland   Te Ara Turoa, 96 St Georges Bay Road, Parnell, Auckland 1052  
Napier   2 Bridge Street, Ahuriri, Napier 4110
Contact DetailsContact them from the bottom of their support articles
PricesStarter Plan   $27.50/month excluding GST  
> Optional Extras  
Payroll: from $10/month
Track projects from $10 per user  
Standard Plan   $60/month excluding GST  
> Optional Extras  
Claim expenses: from $5 per user
Payroll: from $10/month
Track projects from $10 per user  
Premium Plan   $75/month excluding GST  
> Optional Extras  
Claim expenses: from $5 per user
Payroll: from $10/month
Track projects from $10 per user

Xero provides all the useful tools and features to run your business, from sending invoices to monitoring business profitability and customising the software.

Widely used by many independent reviewers, business owners, accountants, and bookkeepers, Xero certainly has the best accounting software in NZ!

From their 3 plans, you can choose between Starter, Standard, and Premium options.

The Starter plan starts from $27.50/month, affordable and comes with limited features since you can only send 20 invoices and quotes as well as make 5 bills.

On the contrary, the Standard Plan lets you create invoices and bills without limit, record expenses for 1 person, and reconcile bank transactions, to name a few.

If your business is already established, the Premium Plan could be what you need. In addition to the features of both Starter and Standard plans, the premium plan enables you to transact with international clients through different currencies.

Also, Xero has an online app store with over 800 programmes, including Xero Expenses and Xero Payroll. These can be added into your software to give your business an edge.

Pros

  • Affordable starter plan
  • Can link to third-party apps (like Stripe and Vend)
  • 24/7 customer support

Cons

  • Starter plan lacks features

2)   Wave Accounting

Wave Accounting's Homepage
Best forFree cloud accounting software
ProductsAccounting software
Invoice receipt
Address235 Carlaw Ave Suite 501, Toronto, ON M4M 2S1, Canada
Contact Details[email protected]
PricesAccounting software: free
Receipt scanning: free

Looking for simple and organised accounting software? If yes, then you might want to try Wave.

You may find it hard to believe, but you won’t have to pay anything to use their products. Both accounting and receipt scanning software are free of charge.

With a smart dashboard, you can conveniently view your income, expenses, invoices, payments, and cash flow. These will also make setting up your tax return a breeze.

Even though Wave is free to use, the bank feed (data transferred between the bank and the software) and your business information are secure and treated with confidentiality.

Pros

  • Simple and organised reports
  • No monthly and establishment fees
  • Secured bank information

Cons

  • Suitable only for small companies

3)   Reckon

Reckon's Homepage
Best forValue for money
ProductsSmall-business accounting software
Large-business accounting software
AddressLevel 2, ITC Building, 9 City Road, Auckland, New Zealand
Contact Details0800 447 292 Subscription and Advantage members: 0800 933 666 [email protected]
Office HoursCustomer Service   Monday – Friday: 9.00 AM – 5.00 PM Saturday & Sunday: closed  
Technical Support   Monday – Friday: 8.30 AM – 7.00 PM Saturday & Sunday: closed
PricesThe Basics: $8/month Essentials: $20/month
Essentials + Expenses: $26/month Premium: $32/month

No matter what size of business you have, Reckon can simplify your bookkeeping and transactions in order to provide a satisfying experience to your customers.

Starting from just $8 a month, you get real-time information presented neatly in your dashboard. That way, you won’t have to record your company finances manually every day.

The upside to Reckon is that they have optional services you can add only if needed. In other words, you won’t need to pay ‘by the bulk’ with services that you won’t use.

You can incorporate POS software for $29 per month to add discounts for the buyer, and/or invoicing function for just $4 a month to track overdue and paid invoices.

As opposed to Xero’s $75-per-month premium plan, Reckon’s premium pack only costs $32 per month, bringing you serious value for money.

Pros

  • Value for money
  • Secured data storage
  • Responsive customer service

Cons

  • Limited bank transactions

Customer Reviews

On Trustpilot, lots of people praised the fabulous customer service and user-friendly software of Reckon.

Nicky from Landscaper wrote this feedback:

“Brilliant – I have used Reckon for over 5 years. I am thrilled with the value for money and the excellent service. Love this product, it has everything I need.”

Also, let’s hear Rachel’s review:

“Every time I call for an assistance, I get answers to what I have asked. Always have very helpful person on the other end. Very user friendly software for me and the Reckon community is great, people are friendly and very helpful. You should thank all of them.

We use the personal reckon at home too, great product.”

4)   MYOB

MYOB's Homepage
Best forLarge established businesses
ProductsAccounting Payroll
Accounting & payroll
MYOB Advanced
MYOB Greentree
MYOB Exo
AddressAuckland   Level 5, Eden 5, 12 Normanby Road, Mt Eden, Auckland 1024  
Christchurch   17 Sir William Pickering Drive, Burnside, Christchurch 8053  
Hastings   First Floor, 211 Market Street, South Hastings 4122
Contact DetailsSmall business: 0800 606 962
Bigger business: 0800 696 239
Support: 0508 328 283
Office HoursMonday – Friday: 9.00 AM – 10.00 PM Saturday – Sunday: 11.00 AM – 7.00 PM
PricesAccounting   Essentials Starter: $25/month excluding GST
Essentials Accounting: $40/month excluding GST  
Payroll   Essentials Payroll: $30/month excluding GST
ACE Payroll: $379/month excluding GST  
Accounting & Payroll   Essentials Accounting + Payroll: $60/month excluding GST

Aussie-made, MYOB provides proven accounting solutions to a wide range of businesses. It can streamline your bank feeds, payments, and cash flows.

It offers several products that cater to different business needs. Whether you need payroll, accounting, or an ERP solution, they have them at competitive rates.

Their Essentials’ plans are designed for SMEs, while their ERP solution is for industrial-type ventures and provides you with real-time visibility and statistics.

MYOB software can be used on any device like your phone, laptop, or tablet. Hence, you can work on your accounting and bookkeeping anywhere you want.

With over 300 apps available, you can also upgrade your MYOB software to drive your business. And on top of that, their customer support team is ready to assist you 24/7.

Pros

  • Accurate reporting
  • Competitive rates
  • High-security standards
  • 24/7 customer support

Cons

  • Expensive monthly subscriptions

5)   Sage Business Cloud Accounting

Sage Business Cloud Accounting's Homepage
Best forNeat and user-friendly interface
ProductsAccounting Start Accounting
AddressHQ: 271 17th Street Northwest, Atlanta, Georgia 30363, United States
Contact Details+44 191 294 3000 [email protected]
PricesAccounting Start: $10/month Accounting: $25/month

With a neat and pleasant user interface, Sage Business Cloud Accounting can help you manage your cash flow, send invoices, and track payments.

Featuring auto-bank reconciliation, you’ll be notified of payments sent to you by customers or cash deposited into your bank account.

It’s also easy to update your accounting software with new receipts. Simply snap a picture of them and they will be transferred into the system via AutoEntry.

If there happens to be a mistake in the financial records, you can communicate securely with your accountant from your phone, computer, or tablet.

Sage Business accounting software also supports Stripe, allowing you to get your payments quicker from clients.

Pros

  • Affordable rates
  • 24/7 customer support

Cons

  • Suitable only for small companies

FAQS about the Top Accounting Software in New Zealand


So that’s all for the best accounting software in NZ! To stay ahead of your finances, you could give these products a try for your business.

Did we forget to include other accounting software in this list? If you have any, just drop us a line and we’ll get back to you shortly.

Need someone to do your payroll for you? If so, you can read about the best payroll services in NZ.

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