Best Overall 🏆
The winner for its smooth workflow, focusing on exactly what you need in accounting software.
Best For U.S. 🥈
A sales-focused CRM that uses AI to automate repetitive tasks and manage leads and sales.
Easiest To Use 🥉
The industry leader & the incumbent. This will have the most integrations and support network.
So, you are in the market for accounting software in Norway.
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 Norway
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 Norway, it's crucial to account your expenditures to scale swiftly. Have a look at the products below to choose the best accounting software in Norway:
Wave is a renowned accounting platform that offers free invoicing and accounting features. It offers a user-friendly dashboard, easy to comprehend and work on. Wave helps you stay organized and manage tax billings or invoices like a professional. It provides you with a completely accurate picture of your business's current financial health.
Here are some exclusive features of Wave:
Invoicing: Wave helps you avoid chasing clients for payments and adopt a more professional approach by sending invoices. You can get paid through credit cards and let Wave handle the payment reminders. Wave automatically syncs the data into your account books and identifies recurring billings for repetitive clients.
Banking: Wave offers built-in bookkeeping and a Wave money bank account for single-owner business owners in the United States with a Wave account. You can avoid the monthly and transfer fees without making long-term commitments. Wave provides faster access to funds, and you can use instant payouts upon qualifying the eligibility criteria.
Payments: Wave enables you to accept online payments for your business. It enhances your brand and provides a more professional outlook when you enable payment. Additionally, you can send personalized invoices to the clients with a link to the payment gateway.
Payroll: Wave offers a simplistic payroll software that allows you to manage tax filings and contractor or employee payments. Moreover, your employees can access the payroll database to view their banking information or pay stubs. Wave allows small business owners to safeguard their business profit margins by simplifying annual audits.
Accounting: Wave saves you from doing manual receipt entry by automatically syncing bank statements with the account books. Wave's smart dashboard assembles your financial expenditures and earnings with a comprehensive view. Additionally, Wave offers 256-bit encryption to protect your account information and card details.
Wave offers 6 Tools for various business accounting requirements.
The "Invoicing" tool is free and allows you to create personalized invoices that reflect your brand.
The "Accounting" tool is free and offers unlimited income and expense tracking. You can view overdue invoices and profit-loss margins.
The "Banking" tool is free and offers transaction segmentation to sort personal and business expenses.
The "Payments'' tool offers pay-per-use pricing. You'll be charged 2.9% + $0.60 USD per transaction on credit cards, 3.4% + $0.60 USD per Amex transaction and 1% per transaction on bank payments.
The "Payroll" tool is priced: at $35/month in tax service states and $20/month in self-service states.
The "Advisors" tool is priced at $149/month and provides bookkeeping support. Additionally, you can get accounting and payroll coaching for a one-time fee of $329.
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.
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 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.
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.
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 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.
4. Sage 50 Cloud
Sage 50 Cloud offers robust accounting and finance capabilities to enhance work efficiency. It reduces the time spent on admin tasks and provides substantial clarity on your performance. Moreover, Sage offers a vast ecosystem of business and customer relation tools, making 50 Cloud ideal for ever-growing businesses.
Sage 50 Cloud Features
Here are some exclusive features of Sage 50 Cloud:
Cash Flow and Invoicing: Sage 50 Cloud offers a cash flow manager inside its platform, giving you instant updates on your cash flow. You can see your cash account balance and expected receivables or payables to get a clear image of your gross profit. Moreover, Sage 50 Cloud lets you get a granular look at your finances by customizing the cash flow settings.
Payments and Banking: Sage 50 cloud allows you to see the payable accounts and offers banking features like regular transaction feeds, account reconciliation and online payment. Moreover, you can eliminate the manual entry with Sage 50 Cloud as it's integrated with a pre-built asset management system.
Advanced Inventory Management: Sage 50 Cloud offers an inventory management system, allowing you to view quantities on hand and execute purchase orders accurately on time. You can track costs and product lists using Sage 50 Cloud to input transactions. Additionally, Sage 50 Cloud automatically computes the price and quantity by item code, adjusting the inventory accordingly.
Job Costing: Sage 50 Cloud offers greater insight into your ongoing jobs and projects, allowing you to see where you're spending your budget. Moreover, you can estimate the net revenue on every project, set up job records or print project reports for clients. Sage 50 Cloud lets you use cost codes and generate relevant information, enabling you to adjust the budget before the project completion.
Payroll: Sage 50 Cloud simplifies your payroll procedures by offering direct deposits and pay cards. You can monitor employee records and the tax status of the staff under your payroll. Sage 50 Cloud allows you to manage vacations or pay wages at an hourly rate within its accounting platform.
Sage 50 Cloud Pricing
Sage 50 Cloud offers 3 Pricing options for its accounting and payroll management tools.
The "Pro Accounting'' plan is priced at $33/month and offers one user account. Additionally, you can use invoice and bill tracking, Reporting tools and Sage Security Shield.
The "Premium Accounting" plan is priced at $55/month/user and is expandable to upto five user accounts. Additionally, you can use advanced budgeting tools, audit trails and industry-specific functionality.
The "Quantum Accounting" plan is priced at $91/month/user and is expandable to upto 40 user accounts. Additionally, you can do workflow management and use advanced job costing.
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.
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 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.
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 Norway?
Norway hosts several small businesses and large enterprises. Business costs are comparatively low, but labour costs are higher. Since Norway is a booming economy, you can expect loose tax laws but high business 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 Norway, A Summary
Having accounting software gives you the necessary edge over your competitors in the extremely hectic business world of Norway. 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.
Wave offers a simplistic yet multifunctional platform to keep accurate books and manage finances. It is our suggested pick for accounting software in Norway. Visit the website to get started.