Acounting software in Zambia have made the morden accounting systems easy for businesses. They simplify the work of accounting staffs and improve records keeping for business transactsions. Many businesses in Zambia have resorted into using accounting software to increase accuracy of financial accounting.
How much do accounting software cost per month and which are the best accounting software available in Zambia?
Top Best accounting software in Zambia
Here are ten popular accounting software options widely used by businesses in Zambia:
QuickBooks – This is one of the most popular accounting tools globally and in Zambia. It offers solutions for SMEs with desktop and online versions, supporting features such as payroll, tax filing, and financial reporting.
Ecuenta – A locally trusted software tailored for Zambian businesses, Ecuenta is praised for integrating with the Zambia Revenue Authority (ZRA) to simplify tax processes. It supports invoicing, bank reconciliation, and real-time business insights
Sage Pastel – A widely used software for accounting and payroll in Zambia, it supports local tax regulations and is particularly favored by medium-sized businesses
Palladium ERP – Palladium provides a comprehensive ERP system for larger businesses, offering inventory management, multi-currency support, and advanced reporting features.
Zoho Books – Known for its affordability, Zoho Books is cloud-based and offers essential accounting features like invoicing, inventory management, and tax filing
Xero – Ideal for multi-user environments, Xero is popular for its scalability and integration with various business apps. It is cloud-based, offering features like project tracking and automated invoicing
Odoo – This open-source software is approved by the ZRA, making it convenient for Zambian businesses. It includes modules for accounting, inventory, and payroll
Wave Accounting – A free accounting tool, Wave is popular among small businesses for managing expenses and invoices. It also offers paid features like payroll processing
FreshBooks – Best suited for freelancers and small service businesses, FreshBooks excels in project accounting, time tracking, and invoicing
IQ Retail – Another solution used in Zambia, IQ Retail focuses on accounting, payroll, and inventory management, suitable for retailers and businesses that require real-time data management
How much does accounting software cost per month?
The cost of accounting software in Zambia varies significantly depending on the software’s features, scalability, and whether it is a local or international product. Here’s an overview of price ranges based on popular software:
QuickBooks:
- Online Version: Typically costs between $25 to $70 per month, depending on the plan (Simple Start, Essentials, or Plus)
- Desktop Versions: One-time purchases for QuickBooks Pro or Premier start from $399 and can go higher for advanced versions.
- Online Version: Typically costs between $25 to $70 per month, depending on the plan (Simple Start, Essentials, or Plus)
Sage Pastel:
- Cloud-based Packages: Sage offers cloud options starting from $20 to $30 per month, depending on the modules and number of users.
- On-premise versions: A one-time license could start at around $500 to $1,000, depending on the edition (Sage 50, Sage Evolution)
Ecuenta:
- Prices for Ecuenta start at $10 to $20 per month for smaller businesses, with scalable pricing for additional features like payroll, inventory management, and tax complianceEcuenta.
Palladium ERP:
- Palladium's pricing is more suitable for medium to large enterprises, with costs starting around $500 for basic ERP packages. Enterprise versions could cost significantly more, especially for larger implementations
- Palladium's pricing is more suitable for medium to large enterprises, with costs starting around $500 for basic ERP packages. Enterprise versions could cost significantly more, especially for larger implementations
Zoho Books:
- Offers various plans starting from $10 per month, with higher-tier plans for larger businesses costing around $29 per month
- Offers various plans starting from $10 per month, with higher-tier plans for larger businesses costing around $29 per month
Odoo:
- Odoo's cloud-based system offers modular pricing, with the basic accounting module starting from $12 per month. Custom solutions with more features (e.g., payroll) can increase the cost
- Odoo's cloud-based system offers modular pricing, with the basic accounting module starting from $12 per month. Custom solutions with more features (e.g., payroll) can increase the cost
Summary
These prices may vary slightly depending on the local vendors, support services, and additional customizations. It’s important for businesses to consider both the subscription cost and any implementation fees, especially for larger systems like Palladium and Sage.
These tools vary in complexity and pricing, so businesses can choose based on their size, budget, and specific needs.
