Are you looking for the best balance sheet apps? We've got you covered. In this article, we'll be comparing three of the most popular options: QuickBooks Online Accounting, CashBook, and Accounting Bookkeeping. We'll discuss the features, pros, and cons of each app so that you can make an informed decision about which one is right for you.
| App | Logo | Available On | Reviews | Downloads | Features |
|---|---|---|---|---|---|
| 1. QuickBooks Online Accounting |  | Android, iOS | 4.7/5 | 7M+ | Automatic mileage tracking, Invoicing and estimates |
| 2. CashBook |  | Android, iOS | 4.8/5 | 4M+ | Effortless expense tracking, Seamless transaction management |
| 3. Accounting Bookkeeping |  | Android, iOS | 4.6/5 | 2M+ | Simple and user-friendly, Suitable for small businesses |
| 4. Checkbook |  | Android, iOS | 4.3/5 | 283K+ | Export CSV Format, Calendar Tracking, Recurring Transactions |
| 5. Addictive Accounting |  | Android, iOS | 4.9/5 | 43K+ | Built-in accounting software simulator, Simplified explanations |
| 6. Living Balance Sheet® |  | Android, iOS | 5/5 | 3K+ | Personal balance sheet, Goal and task tracking, Secure document vault |
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1. QuickBooks Online Accounting
Create invoices, Track expenses, Manage cash flow
Cost: QuickBooks Online Simple Start ($30/month), QuickBooks Online Plus ($85/month)
QuickBooks Online Accounting is the go-to balance sheet app for small businesses, offering a seamless and user-friendly experience. With QuickBooks, you can effortlessly track your mileage, transactions, and other crucial financial data. Its intuitive interface and robust features empower you to stay on top of your finances, ensuring accuracy and efficiency.
Despite a few initial hiccups, QuickBooks has promptly addressed user concerns, demonstrating their commitment to customer satisfaction. The recent updates have resolved many of the reported issues, enhancing the overall functionality of the app. QuickBooks remains a reliable and indispensable tool for small business owners, providing them with the confidence to manage their finances with ease.
Download:
Application information:
| Downloads | Over 6 million |
| Features | Invoice creation and management, expense tracking, financial reporting, bank reconciliation, sales tax management, mileage tracking, and integration with other apps. |
| Pros | User-friendly interface, comprehensive features, strong mobile app. |
| Cons | Pricing can be complex, limited customization options for reports and invoices, occasional syncing issues. |
- Tags:
- Mobile accounting
- Expense Tracking
- Invoicing and estimates
✨ Read more: app for business organization
2. CashBook
Digital Ledger Book, Cash Flow Statement, Excel/PDF Exports
Cost: CashBook - Free (Free), CashBook Premium (₹499.00 per year)
CashBook app is a user-friendly and feature-rich balance sheet app that makes it easy to track your income and expenses. With its elegant and readable design, you can quickly and easily add daily cash entries, create ledgers, and know your account balance instantly. The app is perfect for small businesses and individuals who need to keep track of their finances.
One of the best features of CashBook is its versatility. You can use it to track a variety of financial transactions, including income, expenses, assets, and liabilities. You can also create multiple ledgers to track different aspects of your finances, such as your business finances and your personal finances. And with its powerful reporting feature, you can easily generate reports to track your financial performance.
Download:
Application information:
| Downloads | Over 4 Million Downloads |
| Features | Record daily transactions, manage income and expenses, create detailed financial reports, track balances across multiple accounts, and generate GST-compliant invoices. |
| Pros | User-friendly, feature-rich, and suitable for small businesses and individuals. |
| Cons | Limited cloud sync options, occasional bugs reported, and some advanced features require a subscription. |
- Tags:
- Easy expense tracking
- Seamless Transaction Management
- Effortless Payment Handling
✨ Read more: app for business management
3. Accounting Bookkeeping
Simple and user-friendly, GST and VAT compliant, Inventory management
Cost: Free (Free), Standard ($7.99 per month)
Accounting Bookkeeping is a lifesaver for small businesses, providing a comprehensive suite of accounting features for free. Keep meticulous records of sales, purchases, inventory, expenses, payments, and receivables – all at your fingertips. The app's intuitive interface and insightful reporting empower you to make informed decisions and stay on top of your finances.
While Accounting Bookkeeping initially offers a free trial, users should be aware that a subscription fee applies after the trial period. Despite this, the app's exceptional functionality and value for money make it a worthwhile investment. Whether you're a seasoned accountant or a business owner just starting out, Accounting Bookkeeping can streamline your accounting processes and provide valuable insights into your financial performance.
Download:
Application information:
| Downloads | Over 1.7 million downloads |
| Features | Tracks sales, purchases, inventory, expenses, payments, and receivables. Generates financial reports like balance sheets, profit & loss statements, and cash flow statements. |
| Pros | Simple to use, affordable for small businesses, good basic accounting features. |
| Cons | Lacks advanced features, limited reporting options, occasional syncing issues reported by some users. |
- Tags:
- Simple and Easy
- Invoice and Billing
- Expense Tracking
✨ Read more: app for breathwork
4. Checkbook
Export CSV Format, Calendar View, Recurring Transactions
Cost: Checkbook (Free), Checkbook Pro ($4.99)
Checkbook is a mobile balance sheet app that helps you track your income and expenses, and stay on top of your finances. It's simple to use and allows you to create multiple accounts, track negative account balances, and even take pictures of your receipts to store with your records.
Checkbook is a great way to get a clear picture of your financial situation and make better decisions about how to spend your money. It's also a great way to track your progress towards financial goals, such as saving for a down payment on a house or paying off debt.
Download:
Application information:
| Downloads | Over 250,000 downloads |
| Features | Track and manage your checks, deposits, and bank balances, reconcile accounts, schedule payments, and generate reports. |
| Pros | Simple, user-friendly, and helps manage finances effectively. |
| Cons | Lacks advanced features like online banking integration, budgeting tools, and investment tracking. |
- Tags:
- Easy daily finance management
- Replace paper checkbook register
- Multiple accounts with start balance
✨ Read more: app for bill pay reminders
5. Addictive Accounting
Interactive textbook, Accounting software simulator, Simplified explanations
Cost: Addictive Accounting Lite (Free), Addictive Accounting ($9.99)
Addictive Accounting, a savior for accounting novices and a nostalgic refresher for experts, is an interactive textbook that effortlessly demystifies the intricacies of accounting. With its user-friendly interface and engaging lessons, it's like having a personal accounting tutor in your pocket. Even those who struggled with accounting in the past find solace in this app, as it breaks down complex concepts into manageable chunks.
A standout feature is its balance sheet, which provides a comprehensive overview of a company's financial health. Despite its detailed nature, the app presents the information in a clear and concise manner, making it easy to grasp the underlying principles. While the current font size is generally readable, the app's developers have thoughtfully noted the suggestion for an adjustable font size, demonstrating their commitment to user feedback and accessibility.
Download:
Application information:
| Downloads | Over 43,000 |
| Features | Interactive textbook with accounting software simulator, gamified learning with points and rewards, covers topics from basic accounting principles to financial statements. |
| Pros | Engaging and fun way to learn accounting, affordable alternative to traditional textbooks. |
| Cons | Limited scope compared to comprehensive accounting software, may not be suitable for advanced learners seeking in-depth knowledge. |
- Tags:
- Easy to learn
- Built-in simulator
- Free lessons
✨ Read more: app based business bank account
6. Living Balance Sheet®
Personal balance sheet, Track goals, tasks, Secure document vault
Cost: Living Balance Sheet® (Free)
The Living Balance Sheet® app is a comprehensive financial management tool that provides users with a real-time view of all their financial accounts in one place. This makes it easy to track spending, manage debt, and plan for the future. The app is designed to be user-friendly and intuitive, making it easy for anyone to use, regardless of their financial experience.
One of the things that users love most about the Living Balance Sheet® app is its ability to help them stay on top of their finances. With the app, users can easily see how much money they have in each account, as well as how much they are spending and saving. This information can help users make better financial decisions and avoid overspending.
Download:
Application information:
| Downloads | Over 10,000 downloads |
| Features | Provides a holistic view of your financial picture, including assets, liabilities, insurance, and goals, allowing you to track progress and make informed decisions. |
| Pros | User-friendly interface, comprehensive financial overview, helpful for goal setting. |
| Cons | Requires linking financial accounts, limited investment analysis tools, only available to Guardian Life clients. |
- Tags:
- Personal balance sheet
- Goal and task tracking
- Secure document storage