Did you know the Bureau of Internal Revenue (BIR) mandates businesses to use BIR-ready accounting software for tax compliance and transparency in business reports, such as the TRAIN Law? Receipts, invoices, purchases, expenses, and sales reports must be classified and printed using the approved system.
If you look for a system that’s clearly confirmed as BIR CAS-approved, easy to use, ready-made, and customizable, go for HashMicro Accounting Solution. Not only it simplies tax-filling processes and reports, it also connects every aspect of business for effective financial management.
On top of that, we also present to you our curated and researched picks of the best 21 accounting software in the Philippines, free and paid, complete with their features and who should use it best.
Key Takeaways
|
Table of Content
Content Lists
Best Accounting Tools in the Philippines 2025
Here’s a shortlist of the best accounting software in 2025 for business
- Best all-in-one BIR-Accredited Solution: HashMicro Accounting Software
- Best for small to medium-sized businesses: Xero
- Best for freelancers and SMEs: QuickBooks
- Best for startups and service-based businesses: Zoho Books
- Best for accountants and tax professionals: JuanTax
- Best for small businesses and retailers: MYOB
- Best for retail, F&B, and services: EasyFS
- Best for freelancers and self-employed professionals: Wave
- Best for advanced financial management solutions: Sage Intacct
- Best for enterprises in need of cloud accounting: Oracle NetSuite
What is Accounting Software?
Accounting software is a computer program that helps accountants and bookkeepers track and record financial transactions. It enables detailed tracking, fast reporting, and analysis and monitors a business’s assets, liabilities, revenues, and expenses.
According to BSP, digital payments are rapidly increasing in the Philippines, so the use of accounting software is justified, as it compiles electronic data easily and fast. This software also securely stores financial records, including past audit trails, even from years prior and ahead.
As a result, it helps accountants record financial transactions and aids in completing audits. This will help with internal and external audits, where financial records must be investigated for tax purposes.
Top 21 Accounting Software in The Philippines
Choosing the best software for your business can be challenging with so many options available. But worry not; we have compiled a comprehensive list of the Philippines’ best BIR CAS-ready accounting system software.
Here are the top 21 accounting software in the Philippines with features and flexibility based on positive feedback, client satisfaction, and functionality.
1. HashMicro Accounting Software
HashMicro, an accredited BIR accounting software, helps businesses track transactions, assets, liabilities, and expenses with ease. With detailed tracking, fast reporting, and easy analysis, it makes financial operations more efficient while following accounting principles.
Why we chose it: HashMicro offers a versatile cloud and on-premise solution that automates accounting tasks while meeting BIR CAS requirements. With features like inventory management, invoicing, and sales tracking, it transforms manual work into a seamless, automated process.
This software is perfect for small to enterprise-level business owners, accountants, and finance managers looking to simplify financial management. Try HashMicro’s features with a free demo and experience a more efficient way to handle accounting!
HashMicro Accounting Software Key Features:
- Asset database and depreciation
- Client monitoring dashboard
- PFRS-compliant financial reporting
- Financial budgeting and realization
- Automated Tax Calculation
- Profit and loss with templates and budget forecast
- Cash flow statements
- Financial statement with comparison
| Pros | Cons |
|
|
To truly understand how BIR-accredited accounting system of HashMicro can transform your financial management practices, we invite you to explore our flexible pricing plans.
Click on the banner below to see how HashMicro’s accounting and bookkeeping software can provide great value and benefits tailored to your business needs.
2. QNE Accounting Software
QNE Software is an accounting system software for the Philippines and other Southeast Asian businesses. It assists with financial accounting, progress billing, and sales distribution modules.
It is tailored to meet local business requirements and challenging environments in the region. The software offers real-time processing, data handling, database recovery, and scheduled backup, enabling users to manage their accounting operations efficiently.
QNE Software’s Key Features:
- Cloud-based deployment
- Online order portal
- Online customer portal
- BIR CAS-ready
| Pros | Cons |
|
|
Pricing: QNE Accounting Software offers a one-time purchase starting at $100, with pricing varying based on business needs and selected modules.
QNE is well-suited for small, medium, and large companies in various industries, including trading, distribution, manufacturing, retail, and services.
3. Quickbooks Accounting Software
QuickBooks accounting system is one of the best accounting software suites businesses use to manage their financial transactions. It enables users to create invoice templates, process payments, generate reports, and print documents needed for tax preparation.
Quickbooks Accounting Software Key Features:
- Purchasing and vendor management
- Reporting and analytics
- Time and expense management
- Invoicing and billing
- General ledger
| Pros | Cons |
|
|
Pricing: QuickBooks Online offers four pricing plans: Simple Start ($9.50/month), Essentials ($14/month), Plus ($20/month), and Advanced ($38/month), with a 50% discount for the first three months.
QuickBooks is a cloud-based accounting software ideal for self-employed individuals and small to mid-sized businesses in various industries, such as retail, restaurants, and nonprofits.
4. Xero
Xero accounting software is an entirely cloud-based accounting system tailored to business needs. It assists companies with bookkeeping functions such as invoicing and payroll and integrates with a live bank feed.
Furthermore, the system allows both cash-based and accrual bookkeeping software, which is very suitable for companies in the Philippines that comply with IFRS.
Xero Key Features:
- Bills tracking
- Bank connections
- Online payment
- Financial reporting
- Inventory tracking
- Multi-currency accounting
| Pros | Cons |
|
|
Pricing: Xero provides three subscription options: the Starter Plan for $25/month, the Standard Plan for $40/month, and the Premium Plan for $54/month.
Xero is ideal for small businesses, accountants, and bookkeepers who manage multiple clients.
5. FreshBooks Online Accounting Software
FreshBooks is a double-entry and one of the best accounting software for business owners, freelancers, and sole proprietors. It simplifies financial management for Filipino businesses by tracking payments and expenses, managing invoices, facilitating payments, and managing financial reports.
FreshBooks Key Features:
- Budget and cost management
- Reporting
- Chart of Accounts
- Time tracking
- Project management
| Pros | Cons |
|
|
Pricing: FreshBooks offers three pricing plans: Lite at $7.60/month, Plus at $13.20/month, and Premium at $24/month, as well as a customized quote for larger enterprises with more complex needs.
FreshBooks is suitable for freelancers, self-employed professionals, startups, and small to medium-sized businesses seeking efficient accounting solutions.
6. Wave Accounting System Software
Wave is free accounting software designed for businesses in the Philippines that aim to minimize their expenses. It provides a range of financial management tools.
Wave accounting system software helps you oversee cash flow by tracking income and expenses, managing accounts receivable and payable, generating reports, automating tasks, and allowing multiple users. Additionally, Wave offers a payroll service, facilitating tax filing and payments to employees or contractors through direct deposit.
Wave Accounting System Key Features:
- Income and expense tracking
- Customizable sales taxes
- Exportable basic accounting reports
- Online payment
| Pros | Cons |
|
|
Pricing: Wave offers two pricing plans: Starter at $0/month for basic invoicing and bookkeeping, and Pro at $16/month or $170/year for advanced features and cash flow management.
Wave is ideal for freelancers, consultants, and micro-businesses seeking a user-friendly, cost-effective accounting solution.
7. Zoho Books
Zoho Books is one of the best accounting software, cloud-based, with invoicing, inventory, and project management capabilities. It provides a free plan and a range of features designed to simplify accounting tasks.
Furthermore, Zoho Books seamlessly integrates with over 40 other Zoho applications, including Zoho CRM and Zoho Inventory, as well as numerous third-party apps.
Zoho Books Key Features:
- Inventory management
- Bank integration
- Expense tracking
- Customer portal
| Pros | Cons |
|
|
Pricing: Zoho Books offers six pricing plans from Free at $0/month for 1 user + 1 accountant, to Ultimate at $200/month for 15 users with advanced analytics, all billed annually.
Zoho is suitable for small to medium-sized businesses (SMBs) in the Philippines looking for an affordable option compared to more expensive, complex software solutions.
8. Sage Intacct Accounting Software
Sage Intacct is cloud accounting software in the Philippines designed for businesses to have complete financial visibility and control. It helps streamline accounts payable, accounts receivable, general ledger, and cash management, saving businesses time and making better decisions.
Sage Intacct Key Features:
- Reporting and analytics
- AP/AR functionality
- General ledger
- Time and expense management
- Invoicing and billing
| Pros | Cons |
|
|
Pricing: Those who are interested in using Sage should contact the vendor to get a quote.
Sage Intacct is ideal for medium-sized businesses, typically with 5 to 2,000 employees. It also suits professional services, non-profit organizations, software and technology firms, healthcare, and senior living centers.
9. Oracle NetSuite Cloud Accounting
NetSuite Accounting Software is one of the best accounting software solution, which is renowned for its adaptable modules that cater to various business requirements, such as financial operations, accounts payable and accounts receivable, CRM, and e-commerce activities.
This system is favored by fast-growing companies in the Philippines due to its automation features, particularly in invoicing and other financial tasks.
NetSuite Accounting Software Key Features:
- E-commerce integration
- Financial management
- Multi-currency
- Reporting and analytics
- Invoicing and billing
| Pros | Cons |
|
|
Pricing: Oracle Finance pricing varies by module, with Financials at $4,595/user, Advanced Collections at $1,395/user, Internet Expenses at $6 per 1,000 expense reports, iReceivables at $58 per 1,000 invoice lines, Treasury at $28,795/user, and Financials Accounting Hub at $175 per 1,000 employees.
Oracle’s software is ideal for startups, fast-growing companies, family-owned businesses, and mid-sized enterprises, including those supported by private equity (PE) or venture capital (VC).
10. Kashoo
Kashoo is a cloud-based accounting system software for businesses in Philippines seeking to manage their finances independently. With Kashoo, users can create invoices, track expenses, manage transactions, process payroll, generate reports, and handle other accounting tasks from any device.
Kashoo has three different plans: free, which comes with invoicing and payment tracking; and small. Accounting for automated income and expenses tracking; and Kashoo, for full features unlocked.
Kashoo’s Key Features:
- Inventory tracking
- Customizable layout
- Invoicing and bill management
- Reporting
- AR/AP functionality
- Tax Management
| Pros | Cons |
|
|
Pricing: Kashoo offers two pricing plans: $216/year for automated accounting for small businesses and $324/year for advanced, customizable accounting for established businesses, both billed annually.
Kashoo is well-suited for freelancers, contractors, digital professionals, and small businesses with 10-50 employees, $250,000 in sales/assets, and 500 yearly transactions.
11. MYOB Accounting Software
MYOB is an accounting software Philippines that specializes in bookkeeping, tax, and accounting systems. Their product lineup includes Essentials Payroll, MYOB Essentials, and MYOB AccountRight, which cater to businesses of various sizes. It is well-known for its efficiency in handling accounting tasks.
MYOB Acoounting Software Key Features:
- Invoice management
- Expenses management
- Tax and GST management
- Bank account integration
- Payroll management
- Financial reporting
| Pros | Cons |
|
|
Pricing: MYOB offers four plans: Solo ($12/year, then $99/year) for freelancers,to AccountRight Plus ($70.50/month, then $141/month) for larger businesses needing advanced inventory and payroll.
MYOB is usually used by small to medium-sized businesses (SMBs), accountants, and bookkeepers, as well as retail, hospitality, and consulting firms.
12. easyFS
easyFS is a software-as-a-service (SaaS) accounting software in the Philippines. It provides a solution to effectively monitor sales, check inventory situations, and create financial reports. In addition, this software is CAS (Computerized Accounting System) compliant and ready for government taxation in the Philippines.
easyFS Key Features:
- BIR CAS-ready
- Sales and inventory management
- Tracking business expenses
- Financial reports
- Multi-branch operations
| Pros | Cons |
|
|
Pricing: Contact the vendor to get a quote.
EasyFS is suitable for micro, small, and medium-sized enterprises (MSMEs) in the Philippines, particularly those in retail, F&B, wellness, coffee shops, repair services, real estate, IT, and electronics industries.
13. Oojeema
Oojeema is among the local best accounting software that helps accountants in the Philippines streamline their work process. It supports BIR-compliant reports and forms, enabling accountants to save time preparing them. In addition, it has features like invoice and billing management, issuing payments, and journal entries.
Oojeema Key Features:
- Sales invoice
- Billing invoices
- Purchase management
- Expense management
| Pros | Cons |
|
|
Pricing: Oojeema offers three pricing plans: Lite at PHP 490/month with limited transactions, Pro at PHP 1,120/month with unlimited transactions, and Premium at PHP 2,800/month with advanced features, all including BIR-compliant reports and a 14-day free trial.
Oojeema is suitable for small and medium-sized enterprises (SMEs), as well as solopreneurs who just start their careers.
14. JuanTax
JuanTax is a modern tax and accounting system tailored for businesses in the Philippines. Designed to simplify tax compliance, it automates tax calculations, tracks expenses, and generates required reports for both small and large enterprises.
JuanTax Key Features:
- Tax Compliance Automation
- Real-Time Reporting
- Expense and Invoice Tracking
- Cloud-Based Access
| Pros | Cons |
|
|
Pricing: JuanTax offers two plans: PHP 600/month (PHP 6,000/year) for CPA and bookkeeping firms and PHP 2,000/month (PHP 19,200/year) for SMEs.
JuanTax is designed for Filipino businesses, accountants, and bookkeepers who need automated tax return preparation and filing.
15. AccountEdge
AccountEdge is a robust accounting solution designed for businesses looking for a desktop-based solution. With features ranging from payroll to inventory management, it caters to small and medium-sized businesses that need comprehensive accounting tools.
AccountEdge Features:
- Complete Accounting Management
- Payroll Processing
- Inventory Control
- Customizable Reports
| Pros | Cons |
|
|
Pricing: AccountEdge offers three plans: Pro at $20/month for a single user on a local desktop, Network Edition at $30/month for two users, and Hosted at $50/month for single or multi-user access via a web browser.
AccountEdge is particularly suitable for companies with 10-50 employees and annual revenues between $1 million and $10 million in industries like retail, restaurants, professional services, construction, and manufacturing.
16. Tipalti
As it can cater to business in various sectors, such as education, e-commerce, business services, and adtech, Tipalti excels in handling complex accounting tasks.
It’s designed for businesses of all sizes and offers automated invoice processing, support for over 120 currencies, tax compliance automation, and integration with popular ERP systems.
Tipalti’s Key Features:
- Automated Invoice Processing
- Global Payments in 120+ Currencies
- Tax Compliance Automation
- Integration with ERP Systems
| Pros | Cons |
|
|
Pricing: Platform fee starts at $99 per month.
Tipalti is ideal for mid-sized companies, typically with 50 to 1,000 employees, that use Enterprise Resource Planning (ERP), in industries like computer software, marketing and advertising, internet services, and information technology.
17. Patriot Accounting Software
Their products include Accounting Basic, which offers core features like bank transaction imports and invoice management, and Accounting Premium, which adds features like account reconciliation and recurring invoices.
Patriot Key Features:
- General Ledger with customizable chart of accounts
- Unlimited invoicing and billing
- Bank reconciliation
- Expense tracking and management
| Pros | Cons |
|
|
Pricing: Start at $20 to $30 per month
Patriot is suitable for companies with 10 to 50 employees and annual revenues between $1 million to $10 million are typical users.
18. Sage 50
Sage 50 offers three versions: Pro Accounting is ideal for single users, Premium Accounting supports multiple users with advanced features like serialized inventory tracking, and Quantum Accounting is built for larger teams with role-based permissions and workflow tools.
Sage 50 Key Features:
- Invoicing and Billing
- Expense Tracking
- Inventory Management
- Bank Reconciliation
- Financial Reporting
| Pros | Cons |
|
|
Pricing: Starts at $625 to $1,780 per year for one user; supports up to 40 users.
Sage 50 is ideal for small to medium-sized businesses in industries such as construction, manufacturing, and distribution.
19. Akaunting Accounting Software
Akaunting’s user-friendly interface allows access from any device with an internet connection. Also, its modular design enables users to extend functionality through a variety of apps available in the Akaunting App Store, catering to specific business needs.
Akaunting’s Key Features:
- Invoicing and Billing
- Expense Tracking
- Client and Vendor Management
- Multi-Currency Support
- Financial Reporting
| Pros | Cons |
|
|
Pricing: Free open-source accounting software and contact the vendor for add-on pricings.
Akaunting Accounting Software is suitable for freelancers, small businesses, and startups, especially those who prefer self-hosted applications with complete control over their data.
20. Odoo Accounting
Odoo Accounting seamlessly integrates with other Odoo modules such as Sales, Inventory, and CRM. Its modular design allows businesses to customize the system according to their specific needs
Odoo Accounting Key Features:
- Invoicing and Billing
- Expense Management
- Inventory Management
- Bank Reconciliation
- Multi-Currency Support
| Pros | Cons |
|
|
Pricing: Contact the vendor for a quote.
Odoo is ideal for businesses of all sizes, from small startups to large corporations, offering the flexibility to select and pay only for the modules they require.
21. Sprout Solutions
Sprout Solutions is a payroll and HR software designed for businesses in the Philippines. While it mainly focuses on HR and payroll, it connects with accounting tools to help businesses manage finances more easily.
This system integrates with other accounting tools like Beppo, among other bookkeeping software, which is a bookkeeping and tax filing platform tailored for small business owners and self-employed individuals.
Sprout Solutions’s Key Features:
- General Ledger
- Expense management tools
- Time and billing system
- Multi-currency system
| Pros | Cons |
|
|
Pricing: Contact the vendor for a quote.
Sprout Solutions is isuitable for businesses of all sizes in the Philippines looking for tailored HR and payroll solutions.
Benefits of Accounting Software
Accounting software offers various benefits to those who use it, including making sure that the company’s accounting system can be implemented well. Here are some key benefits of accounting software:
- Efficiency and Accuracy: Automates calculations, reduces human error, and ensures accurate financial reporting and tax compliance.
- Real-Time Financial Insights: Provides up-to-date reports on cash flow, expenses, profits, cash ratio, and return on equity (ROE), so the company can know where its fund is used and can re-adjust immediately.
- Time Savings: Speeds up processes like invoicing, sales orders, rebate accounting, adjusting entries, journal entry, payroll, reconciliation, account receivable, purchase journal, and Year-End Accounting.
- Cost Management and Structure: Tracks expenses, budgets, marginal cost, and manufacturing overhead costs, so the upper management can identify cost-saving and cost of revenue opportunities.
- Accessibility: Cloud-based software allows access to financial data anytime and anywhere, so that anyone who needs the data can access it.
- Forecasting Tools: Helps predict future financial performance by analyzing historical data, so the company can implement better budgeting and strategic planning.
Tips for Choosing the Best Accounting Software
Choosing the best accounting software for your business in the Philippines can be challenging. Every software vendor offers a different set of features targeted toward specific types of businesses. Some also offer multiple pricing plans that vary in number of users, features, and so on.
When selecting accounting system software for your business, keep these factors in mind to make your search easier.
1. Budget
You should think about the monthly investment you’re comfortable with and the potential savings from using accounting software. Review all available pricing plans to ensure you select one that provides the necessary functionality within your budget.
2. Features
Besides budget, consider whether the accounting software’s features fit your needs. List essential functions like invoicing, expense tracking, and financial reporting. Also, look for software that integrates smoothly with other tools you use.
Pro tip: Choose a scalable system to future-proof your business. For example, FMCG companies may start with accounting software but later need ERP solutions for FMCG companies that seamlessly add new tools as they grow.
3. Scalability
Implementing the best accounting system software is a long-term investment. Choose a scalable bookkeeping software that can be customized to add features and handle increasing transactions without switching systems. That way, you can save more money and be more efficient.
4. Integration
Integration is crucial as it impacts efficiency, accuracy, and overall workflow. Seamless integration allows different software systems and applications to communicate and share data.
For example, integrating accounting software with inventory management ensures accurate inventory levels in financial reports. Linking it with CRM software simplifies invoicing and more effectively tracks customer payments.
5. Security
Security is crucial in the best accounting software in the Philippines to protect sensitive financial data from breaches and fraud.
HashMicro, an accounting and bookkeeping software, holds ISO certification, ensuring the security of your financial data against breaches. This certification underscores HashMicro’s commitment to maintaining the highest data security and protection standards for its users.
Conclusion
Choosing the most suitable accounting system software can be difficult, especially with numerous vendors providing different functions and features. Consider your business’s specific needs and size to make the best choice. Look for a system that can handle your accounting requirements efficiently and effectively while being user-friendly and within your budget.
You may want to consider HashMicro as your accounting software in the Philippines. This will solve your accounting task concerns with comprehensive features, seamless integration with other tools and systems, IFRS-compliant reports and forms, and scalability. If interested, try our free demo or contact our customer service.
FAQ about Accounting Software
-
What is accounting software and examples?
Accounting software helps businesses in the Philippines manage their daily financial activities, such as expenses, revenues, assets, and payments. It also simplifies handling receivables and payables and generating financial reports, making it easier for businesses to monitor their finances and make informed decisions.
-
What is the most commonly used accounting software?
The Philippines’ most commonly used accounting software is the HashMicro accounting system, integrated with BIR-CAS. HashMicro is the best option due to its flexibility, automation features, and integration with other business processes.
-
What is the best accounting software in the Philippines?
The best software for an accountant includes the HashMicro accounting system, QuickBooks, Xero, QNE, and Sage.
-
What are the three types of accounting software?
The three main types of accounting systems are:
- ERP System: This system integrates accounting with other business processes like inventory, sales, and HR, making it ideal for larger companies.
- Billing and Invoicing System: This system focuses on creating and managing customer invoices, making it useful for small businesses needing straightforward billing solutions.
- Payroll Management System: This system automates employee payment processes, including salary calculations, tax deductions, and benefits, making it essential for companies managing payroll.
-
Is Excel an accounting system?
While Excel isn’t typically considered an accounting system, it can be useful for small business bookkeeping. Designing Excel templates for bookkeeping can automate daily tasks, save time, and reduce the likelihood of mistakes.
-
How does accounting system software work?
It automates financial management processes. It records transactions, tracks expenses and revenues, and generates various financial reports. Users input data, such as sales or purchases, and the software processes this into usable reports, helping manage cash flow, tax filing, and budgeting.
-
Why do we need accounting software?
It’s important because it makes handling money easier and more accurate. Instead of doing everything manually, automation reduces mistakes and saves time. Plus, real-time updates help businesses make better decisions and follow financial rules without the hassle.
