10 Best Accounts Payable Software in 2021

Accounting is a very broad spectrum revolving around numerous financial operations. Accounts payable management is one of the crucial accounting operations to maintain a proper cash flow system. AP teams processes, records, and ensure to pay vendors on time. 

The accounts payable software can fully automate manual data entry work. Additionally, AP software helps with document matching, bill payments, cash disbursement reports, etc. If you want to automate your accounts payable management system, select the best ten software in 2021 mentioned ahead. 

10 Best Accounts Payable Software in 2021 — Always Pay On Time 

When you pay your vendors on time, it helps to gain their trust and respect. Thus, to help you always pay on time, the TC team has analyzed various accounts payable software and listed the best ten ones to use in 2021. 

1. Tipalti 

Software Rating: 4.7/5

Compatible Platforms: Cloud, Web, Mac, Windows, Linux, Android, iOS 

User Base: 5 Million+

Ideal For: All Size of Companies

Customer Support: 24*7 Live Support

Price: Starts at $299/month. 

Tipalti is a globally recognized end-to-end payables automation solution, eliminating 80% of the workload spent managing the entire global supplier payment operations. Using this accounts payable software, you can easily onboard suppliers, process invoices, match PO, reconcile payments, and so much more. It is a complete accounts payable package that you can grab in 2021. 

Tipalti

Interesting Features 

  • Tipalti helps with commission management and scheduling. 
  • The billing portal has simplified the billing and invoicing system. 
  • The tool also offers affiliate management and tracking. 
  • Cash and compliance management features can fully streamline your payables. 
  • You can write electronic checks within the tool.

Pros 

  • Simplifies vendor payment process. 
  • Good security system. 
  • Save time and effort. 

Cons 

  • Some basic improvements are required. 

2. QuickBooks Desktop Enterprise 

Software Rating: 4.5/5

Compatible Platforms: Cloud, Web, Mac, Windows, Linux 

User Base: 4.5 Million+

Ideal For: Self-employed Professionals

Customer Support: Email, Chat, or Call

Price: Starts at $180/user/month. 30 days free trial. 

QuickBooks Desktop Enterprise is a leading accounts payable software in 2021 that can grow with your business. It offers all the essentials accounting tools to manage inventory, payroll, track sales, and run cost analysis. Further, it is a highly flexible and powerful solution that comes in various editions. You can pick the right QuickBooks Enterprise edition fitting your specific needs anytime. 

QuickBooks

Interesting Features 

  • The software lets you automate accounts payable and receivable services. 
  • You can track your bills and orders with the Desktop tool. 
  • Bank reconciliation and audit trail keep your accounts errorless. 
  • Bookkeeping operations can be easily integrated with other accounting services. 
  • Vendor management and warehouse management helps to decide when to order new stock. 

Pros 

  • Complete accounting solution. 
  • Easy to use. 
  • No glitches. 

Cons

  • A little pricey. 
  • The help section isn’t helpful. 

3. FreshBooks 

Software Rating: 4.5/5

Compatible Platforms: Cloud, Web, Mac, Windows, Android, iOS 

User Base: 24 Million+

Ideal For: Self-employed Professionals

Customer Support: Email, Chat, or Call

Price: Starts at $6/feature/month. A free trial available. 

FreshBooks is a perfect double-entry accounting-based tool. The software can provide actual business facts to make correct decisions. FreshBooks saves your tax time, helps to understand operational costs, creates adequate financial reserves, and more. This accounts payable software can forecast your future earnings so you can make credit purchases accordingly. 

FreshBooks

Interesting Features 

  • FreshBooks automates ledger recording so you can save time on manual data entry. 
  • The calendar management feature ensures that you always pay and receive payments on time. 
  • Billing and invoicing operations are easily manageable from the FreshBooks dashboard. 
  • Through the client portal, you can quickly know everything about your clients and suppliers. 
  • Automatic billing via a centralized billing portal can help AP managers to a great extent. 
  • FreshBooks is directly connected to your bank account, so it can easily reconcile bank statements. 

Pros

  • Intuitive to use. 
  • Easy invoicing function. 
  • Can integrate with various credit cards. 

Cons 

  • Limited invoice customization options. 
  • Don’t remember similar expense categories. 

4. Webexpenses

Software Rating: 4.5/5

Compatible Platforms: Cloud, Web, Android, iOS 

User Base: Available in 70+ Countries

Ideal For: All Size of Businesses 

Customer Support: 24*7 Live Support 

Price: Starts at $5/feature/month. 

Webexpenses Invoice Processing eliminates up to 90% of manual accounts payable processes. The accounts payable management system facilities control over the expense management system. You can take leverage from real-time supplier invoices visibility along with accelerated control and approval process. 

Webexpenses

Interesting Features 

  • Offers duplicate payment alerts to streamline your accounts payable process. 
  • Dynamic dashboard to synchronize your workflow. 
  • You can easily extract data from the tool to create analytical reports. 
  • With constant expense monitoring, you can reduce your organization’s expenses to a great extent. 

Pros 

  • Multiple currencies support. 
  • Powerful dashboard. 
  • Mobile access. 

Cons 

  • Difficult to understand. 
  • Unsophisticated interface.  

5. QuickBooks Online 

Software Rating: 4.3/5

Compatible Platforms: Cloud, Web, Mac, Windows, Android, iOS 

User Base: 4.5 Million+

Ideal For: Small Businesses

Customer Support: 24*7 Live Support

Price: Starts at $10/month. 30 days free trial.  

QuickBooks Online is a complete small business accounting software by Intuit. The software allows you to manage your business anytime and anywhere. This easy-to-use tool can perform various accounting activities, and AP management is one of the most prevalent ones. You can fully automate your accounts payable management system with QuickBooks Online. You can manage your books, expenses, track inventory, schedule payments, and so much more with QuickBooks. It is also featured among the Top 20 Accounts Payable Software in 2020. 

QuickBooks

Interesting Features 

  • QuickBooks Online can thoroughly handle your accounts payable and receivable operations. 
  • It has an aging tracking facility to monitor your pending bills and payments. 
  • Using the QuickBooks billing portal, you can check all your bills receivable and payable in one place. 
  • Cash management systems allow you to understand current cash inflow and outflow cycles. 
  • Audit trail features help you detect flaws in your AP and AR system. 

Pros 

  • Highly integrated software. 
  • Easy to generate reports. 
  • Web and mobile accessibility. 
  • Direct bank integration. 

Cons 

  • Aggressive marketing for other Intuit products. 
  • Too many layouts for a small business. 
  • A bit of a learning curve is involved. 

6. Xero 

Software Rating: 4.3/5

Compatible Platforms: Cloud, Web, Android, iOS 

User Base: 2 Million+

Ideal For: Small and Medium Scale Businesses 

Customer Support: 24*7 Live Support 

Price: Starts at $13.5/month. A free trial available. 

Xero is a robust account payable management system with easy billing and understanding features. It can manage your cash flow and shows you what bills are due for payment. Additionally, Xero can schedule payments, batch pay suppliers and manage multiple bills in one transaction. The software ensures that you always pay on time and build a cordial relationship with your vendors. All your bills will directly move to your Xero inbox for paperless record-keeping. 

Xero

Interesting Features 

  • Xero offers complete accounts payable and receivable through one dashboard. 
  • Quick asset tracking and accounting are possible with a simple Xero interface. 
  • It can reconcile your bank statements, so you are always aware of your current financial position. 
  • Audit trail eliminates all errors in payable or receivable systems. 
  • With a dedicated billing and client portal, you can easily send or receive bills to or from clients. 
  • You can write checks and print them within Xero to practice paperless accounting at your firm. 

Pros 

  • Supports multiple currencies. 
  • Integration with the bank and other third-party online payment gateways. 
  • Easy to use and set up. 

Cons 

  • Complicated UI. 
  • Expensive for new users. 

7. Sage Intacct 

Software Rating: 4.2/5

Compatible Platforms: Cloud and Web

User Base: 14,000+

Ideal For: Medium Scale Businesses 

Customer Support: 24*7 Live Support

Price: Starts at $1/user. A free trial available. 

Sage Intacct is the most powerful accounts payable software in 2021. The software is designed to give a boost to small and medium-size companies by empowering them financially. Sage offers deep accounting functionalities, real-time insights, and the capacity to automate critical operations. It is a top-ranked accounting payable and expense reporting software that you must give a try. 

Sage Intacct

Interesting Features 

  • Sage Intacct’s real-time account alerts won’t let you miss out on anything. 
  • Using aging tracking, you can strategically control and monitor your AP cycle. 
  • You can fully regulate your assets with asset accounting, asset management, and asset tracking features.  
  • Sage Intacct is based on an accrual accounting system. 

Pros 

  • Tremendously simple to track and report expenses. 
  • Instantly shares financial information. 
  • Eliminates IT-related issues and delays. 

Cons 

  • It is complicated to use. 
  • Confusing interface. 

8. SAP Concur

Software Rating: 4.2/5

Compatible Platforms: Cloud, Web, Mac, Android, iOS 

User Base: 46.5 Million+

Ideal For: Small Businesses and Fortune 500 Companies 

Customer Support: Email, Phone, or Chat 

Price: Starts at $8/report/month. A free trial available

SAP Concur is a dynamic account payable and invoice management software for all size companies. The software can manage travel, expense, vendor invoice, compliance, and even risk. SAP is a leading innovation partner with numerous products that can help you see your spendings clearly. SAP Concur accounts payable software in 2021 can manage your business proactively. 

SAP Concur

Interesting Features 

  • SAP aging tracking helps you schedule your payments on maturity level. 
  • Bills and invoices can be easily managed and processed from a dashboard. 
  • You can keep an eye on your cash inflow and outflow. 
  •  You can write and print your checks within the software. 
  • The special duplicate payment alert ensures that you never overpay. 
  • Electronics fund transfer, expenses tracking, and fraud detection is top-rated SAP features. 

Pros 

  • Easy to upload receipts. 
  • The mobile app is awesome. 
  • Allows managing travel expenses. 

Cons 

  • Confusing for new users. 
  • Some errors are painful. 

9. Bill.com

Software Rating: 4.1/5

Compatible Platforms: Cloud, Web, Android, iOS 

User Base: 3 Million+

Ideal For: SMBs and Individual Professionals 

Customer Support: Email, Phone, or Chat

Price: Starts at $39/user/month. A free trial available. 

Bill.com is an efficient accounts payable and receivable management software to streamline your financial process. It is artificial intelligence and machine learning-based software that can reduce data entry time and human errors. You can gain more control over your bill management process with this tool. 

Bill.com

Interesting Features 

  • AI-powered billing portal to streamline your bill management process. 
  • Check processing and printing is a two minutes task with Bill.com. 
  • The tool can effectively manage your cash flow with collection management and customizable invoices. 
  •  You can connect your debit and credit with the tool for quick payment processing. 

Pros 

  • No need to hire an AP manager. 
  • Add multiple signs on the check. 
  • The good mobile edition. 

Cons 

  • Struggles to integrate with other accounting tools. 

10. NetSuite 

Software Rating: 4.1/5

Compatible Platforms: Cloud, Web, Mac, Windows, Android, iOS 

User Base: 40,000+

Ideal For: All Size of Businesses 

Customer Support: 24*7 Live Support 

Price: $499/month

NetSuite is a dedicated supply chain management software to maintain a balanced demand and supply system. This accounts payable software can monitor costs, cash flow, and lead times. Using advanced inventory management and demand planning techniques, NetSuite helps you grow your business. SMBs can increase their delivery metrics with this tool. So, NetSuite has a lot more potential than offering a simple accounts payable management solution. 

NetSuite

Interesting Features 

  • NetSuite is backed by agile methodologies like ACH payment processing, ad hoc reporting, and more. 
  • With 3PL management features, you can maintain your supply and demand structure in the right order. 
  • Backorder management helps you always deliver on time. 
  • NetSuite is directly interlinked with your bank that enables quick bank reconciliation, cash management, etc. 

Pros 

  • Fully customizable. 
  • API support. 
  • Multiple currencies and locations. 

Cons 

  • Sometimes it tends to slow down. 
  • UI is weird. 
  • Heavy documentation. 

Parting Thoughts 

When you use automatic accounts payable management systems, you can easily build strong relationships with your vendors and suppliers. Plus, you won’t have to hire professional AP managers to streamline accounts payable processes. 

By getting accounts payable software in 2021, you can gain so many benefits. Now, why are you still waiting? Select the suitable AP software from our ten recommendations and place your order now!

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