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5 Best Accounting Software to use in Denmark

by Scott Max
I'll offer two ways to find the tool, software or service you need, keep reading our breakdown and recommendations, or tell us about your business and the problem you are trying to solve and we will advise you for free!

Quick links for the Best Accounting Software

Best Overall 🏆

Melio

The winner for its smooth workflow, focusing on exactly what you need in accounting software.

Read Review

Best For U.S. 🥈

ZarMoney

A sales-focused CRM that uses AI to automate repetitive tasks and manage leads and sales.

Read Review

Easiest To Use 🥉

Quickbooks

The industry leader & the incumbent. This will have the most integrations and support network.

Read Review


So, you are in the market for accounting software in Denmark.

Ideal, because in this article we have our compilation list for our top picks, and we compare the features and pricing for you. 


If you just want the best choice, we’ve added that right at the top of the article as this was what is most requested by our customers and what we see the best feedback with. So, that’ll be the “can’t go wrong” option. 

Otherwise, feel free to explore all the options we’ve reviewed on the market to find something that might fit you a little better.

Enjoy the list!

The Best Accounting Software Specifically for Denmark

As a business owner, having accounting software that organizes your finances and helps with tax calculation is a must. If you're a business based in Denmark, it's crucial to account your expenditures to scale swiftly. Have a look at the products below to choose the best accounting software in Denmark:

1. QuickBooks

QuickBooks helps businesses, freelancers, and self-employed people to properly account for their expenses and income. You can make payments to contractors or employees and maintain profitability by auto-tracking the expenditures. QuickBooks provides salient accounting features, enabling you to analyze your profit margins.

QuickBooks Features

Here are some exclusive features of QuickBooks:

Cloud Accounting: QuickBooks offers mobile access to its database and provides online banking integration, automatically updating your transactions and statements. You can monitor the real-time status of your expenses or invoices from anywhere and remotely handle the accounting. 

Business Funding and Income Tracking: QuickBooks syncs the bank transactions and tracks the total cash flow of your business. It helps you properly allocate funds to your business endeavours and maintain profit margins after operating costs. Additionally, you can create Tax-compliant invoices and track unpaid GST bills to remind clients about payment.

Online Banking: QuickBooks brings your banking activities online and offers One-click reconciliations. You can connect different bank accounts with QuickBooks and auto-categorize transactions to match expenses or invoices. QuickBooks enables you; to stay on top of your financial situation and maintain cash flow.

Accounting Reports: QuickBooks offers real-time insight into your business data and generates financial reports showcasing balance sheets, profit margins and cashflow statements. You can track all pending invoices and avoid chasing payments at the last second. QuickBooks offers customized data analysis helping you identify business trends.

Inventory Management: QuickBooks helps you easily handle the business inventory and get a real-time evaluation. Your inventory list is automatically updated whenever you make a sale or add a new product. QuickBooks helps you track your restock orders from the vendors and keep every sale recorded in the database.

QuickBooks Pricing

QuickBooks offers 4 Pricing options for its accounting software.

The "Simple Start" plan is priced at $25/month and offers general reports, receipt capture, plus mileage tracking. Additionally, you can manage tax deductions, incomes and expenses or invoices and payments.

The "Essentials" plan is priced at $50/month and offers enhanced reports, bill management, plus sales tax estimation. Additionally, you get 3 User accounts and can assign vendor payments to contractors.

The "Plus" plan is priced at $80/month and offers inventory management plus project profitability determiner. Additionally, you get 5 User accounts and can convert estimates to invoices.

The "Advanced" plan is priced at $180/month and offers customized access, on-demand training, data restoration, plus workflow automation. Additionally, you get more than 5 User accounts and can do business analytics with Excel or manage employee expenses.

2. AccountingSuite

AccountingSuite is a San Francisco-based company that offers scalable accounting tools for businesses to evolve from infancy to maturity by increasing the market potential and firm value. It supports multitasking and provides a cloud-based accounting platform for you to check your financial status on the go.

AccountingSuite Features

Here are some exclusive features of AccountingSuite:

Cloud Banking: AccountingSuite offers Cloud Banking and connects you to more than 10,000 financial institutions. You can synchronize transactions to remove manual entries and manage your data faster. Additionally, AccountingSuite constantly reconciles transactions with its database to avoid duplicate entries and provide an accurate overview.

Accounting & Reporting: AccountingSuite allows you to make data-backed business decisions to stay in control. It offers an accounting and reporting module to provide business owners with swift, customizable access to financial details. Additionally, you can use the reporting tools to make critical decisions and instantaneously analyze, adjust or close the books.

Inventory Management: AccountingSuite reduces the time and effort spent on operations management by reducing the inefficiencies in your business infrastructure. You can control real-time inventory and track items in multiple locations. AccountingSuite lets you define assemblies inside your list and handle return management.

Project & Time Tracking: AccountingSuite streamlines project and time tracking by allowing you to manage project costs and income and create billable invoices efficiently. You can use the project profitability matrix to analyze your execution strategies and run comprehensive project transaction reports.

Sales & Purchases: AccountingSuite's Sales and purchase module offer business owners and entrepreneurs flexibility in invoicing, accepting payments and initiating refunds. You can close deals faster with clients and provide accurate answers to sales questions. AccountingSuite eliminates the tax headache by automating the calculations.

AccountingSuite Pricing

AccountingSuite offers 4 Pricing options for its accounting and project management tools.

The "Start-up" plan is priced at $19/month and provides one user account. Additionally, it offers banking accounting, time tracking and reporting capabilities.

The "Business" plan is priced at $25/month and provides two user accounts. Additionally, it offers sales and purchasing modules plus tax calculations.

The "Professional" plan is priced at $55/month and provides five user accounts. Additionally, it offers a price matrix, inventory management and project profitability tracking.

The "Pro W/E-commerce" plan is priced at $129/month and provides ten user accounts. Additionally, it offers ShipStation integration and advanced check voiding.

3. Akaunting

Akaunting is a free cloud accounting platform that offers bookkeeping tools for SMEs. It provides feature-rich software that tracks your transactions and invoices constantly. With Akaunting, you can make the portal accessible for your clients and share receipts or accept bulk payments.

Akaunting Features

Here are some exclusive features of Akaunting:

Free and Open-source Platform: Akaunting does not involve any hidden set-up fees and offers an entirely free accounting platform without any limitations. Moreover, due to its open-source nature, you can install Akaunting on your host and make changes to intrinsic features. Akaunting enables you to see and assess your financial situation online from anywhere.

Customer and Vendor Management: Akaunting allows you to create vendors and assign them bills or payments. Similarly, you can generate client contacts and send them invoices. You can also set up a client portal for your customers so they can view their assets and account books. Akaunting lets you filter the transactions easily and file them under the correct address.

Powerful Reporting: Akaunting offers detailed financial reports to help you visualize the relevant information to improve your business. You can see a graphical depiction of your account books to analyze the current economic affairs of your business. Akaunting provides quality insights that help you file accurate returns.

Customer Summary: Akaunting integrates with several CRM and project management tools to help you import client addresses. Moreover, Akaunting automatically created the customer profile with the correct address, list of transactions and paid, open or overdue totals at a glance.

Multi-Currency: With Akaunting, you can send invoices or add expenses in any currency and let the system convert the balance into your main denomination. It allows you to get the exact exchange rate and accept payments globally. Moreover, Akaunting automatically comprehends repetitive actions and executes them in a precise fashion periodically.

Akaunting Pricing

Akaunting offers 2 Pricing options for its accounting platform.

The "Free Cloud" plan offers one user account and is priced at $0. Additionally, it provides live currency rates, a billing calendar, a dedicated accountant profile and community support.

The "Premium Cloud" plan is priced at $36/month and offers unlimited user accounts. Additionally, it provides bank feeds, balance sheet and trial balance, general ledger, manual journals, chart of accounts and a client portal.

4. Xero

Xero is an intuitive and beautiful accounting software that helps you run the money side of your business. You can create and send quotes, manage bills, sort bank transactions, chase payments and analyze financial data. Xero provides you with a cloud-based accounting platform, accessible invariably from any remote location.

Xero Features

Here are some exclusive features of Xero:

Bill Payments: Xero helps you make timely bill payments by providing a clear overview of accounts payable and cash flow. You can schedule and make batch payments, plus access all bills inside your Xero interface. With Xero, you can build good relations with suppliers by avoiding late payments and keep the money flowing timely.

Claim Expenses: Xero provides an expense manager to help you capture costs to reimburse expense claims. You can monitor employee spending and approve claims without delay. Additionally, you can use OCR technology to scan vital information and auto-fill your claim.

Bank Connections: Xero connects with your bank accounts and sets up a feed where transactions flow securely. You can set multiple feeds for different accounts. Xero lets you reconcile daily and provides; an accurate depiction of your business finances. All your bank transactions are securely imported between the Xero database and Bank.

Invoicing and Payments: Xero lets you accept payments online through Stripe, GoCardless and other integrations. You can generate invoices and add a "Pay Now" button to redirect clients to the payment gateway. Additionally, Xero offers excellent online protection from fraudulent activities and has an unbreachable database.

Project Tracking: Xero offers a job tracker helping you track costs and project profitability. You can prepare budgets by using cost estimates and send customized quotes. Moreover, Xero allows you to do location-based tracking on Mobile and seamlessly link costs to projects.

Xero Pricing

Xero offers 3 Pricing options for its Accounting software.

The "Starter" plan is priced at $22/month and allows you to send upto 20 invoices. You can reconcile bank transactions and capture bills or receipts through Hubdoc.

The "Standard" plan is priced at $35/month and offers bulk reconcile transactions. Moreover, you can manage short-term cash flow and get a business snapshot of your current finances.

The "Premium" plan is priced at $47/month and allows you to send unlimited invoices. You can use multiple currencies and access all accounting features of Xero.

Additionally, Xero offers 3 Add-on packs. The "Claim Expenses" is priced at $4/month, and The "Track Projects" and "Analytics" are priced at $7/month.

5. FreshBooks

FreshBooks offers Bookkeeping and Accounting features to help businesses and freelancers organize their finances. It provides an easy-to-use interface built for regular users and accountants. FreshBooks is made for all business sizes and adapts according to your company's accounting needs.

FreshBooks Features

Here are some exclusive features of FreshBooks:

Accounting and Reporting: FreshBooks offers double-entry accounting tools to ensure tax compliance and accuracy. It helps you comprehend the financial status of your business and make intelligent choices to grow your brand further. FreshBooks identifies revenue items and expenses, providing an accurate profit-loss margin. Moreover, your accountant can access intrinsic financial information and reporting whenever needed.

Payments and Estimates: FreshBooks seamlessly links with several online payment channels like Stripe. It lets your clients pay directly through the invoice without additional hidden fees. Additionally, FreshBooks allows you to set realistic expectations by eliminating the guesswork and doing data-driven estimates. You can convert your estimates into an invoice or create new proposals to win projects.

Time-Tracking: FreshBooks provides an inbuilt time-tracker that helps you accurately determine the task duration. FreshBooks automatically logs the time spent on the client project and enables you to prepare detailed invoices or keep track of employees' working hours.

Mileage Tracking: FreshBooks offers a tracking application that automatically logs your business trips and saves your travel history. You can claim business trips as expenses during tax filings. FreshBooks records the total distance travelled by your business vehicle and various professional trips taken by you.

Client Management: FreshBooks enables you to prepare client estimates and build better relations by accurate billing. You can inform clients about the latest expenses and increase trust by improving connectivity. FreshBooks allows you to track loyalty discounts and foster loyalty with clients.

FreshBooks Pricing

FreshBooks offers 4 Pricing options for its accounting software.

The "Lite" plan is priced at $4.50/month and offers unlimited invoices to 5 clients. Additionally, you can track expenses and sales tax, send total estimates and get paid with credit cards or bank transfers.

The "Plus" plan is priced at $7.50/month and offers unlimited invoices to 50 clients. Additionally, you can automatically capture receipt data, send endless proposals, run business health reports and set up recurring billing or client retainers.

The "Premium" plan is priced at $15/month and removes all limitations on invoice recipients. Additionally, you can track project profitability, customize email signatures, run accounting reports and get paid with checkout links.

The "Custom" pricing option offers an on-demand quote. It removes the FreshBooks branding from the client emails and provides a dedicated account manager.

Why use Accounting Software at all?

Finance management plays an intrinsic part for every business; in driving growth and boosting revenue. Your finances include everyday transactions, tax returns, lease costs, business revenue and other operational expenditures. Having a dedicated tool to automate the reconciliation and transaction tracking can help you optimize your financial health.

Accounting software enables you to automate and digitize your entire finance management. You can track transactions, accurately reconcile accounts and calculate tax returns. With accounting software, your business can be more stable financially, and you can expand swiftly to grow your revenue.

Why should you use accounting software in Denmark?

Denmark hosts several small businesses and large enterprises. Business costs are comparatively higher and so are the labour expenses. With accounting software, you can control your business payroll and automate repetitive data entry tasks.

Accounting software enables you to regulate your company's finances. Apart from automating tax calculation and filing, it automates bank reconciliations, transaction source tracking and financial analysis. You can use the reporting tools to gain deeper insights and make necessary changes to increase revenue.

Additionally, accounting software allows you to allocate funds for client projects. It ensures you maintain a profit margin and don't overspend your budget on services. With accounting software, your business costs will reduce, and you'll be able to; efficiently handle more clients to grow swiftly.

You can successfully maximize your company's potential by reducing expenditures and serving a larger clientele. It ensures you can focus on growing instead of tracking transactions or filing returns.

Accounting software for Denmark, A Summary

Having accounting software gives you the necessary edge over your competitors in the extremely hectic business world of Denmark. It ensures you don't have to worry about your finances by accurately performing tasks on time as per instructions. With accounting software, you can focus on servicing the clients and increasing your profit margin by expanding the clientele base.

QuickBooks offers a simplistic yet multifunctional platform to keep accurate books and manage finances. It is our suggested pick for accounting software in Denmark. Visit the website to get started.

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