5+ Best Accounting Software for Hardware Stores and Hardware Retailers

Image of author Nick Cotter
Nick
accounting software for hardware
March 13, 2023
-
10
min read

Running a hardware store or hardware retailer business is no easy feat. With keeping up with inventory, sales, payroll, and more, it’s essential to have the right accounting software in place. Fortunately, there are plenty of options available that have been designed to meet the needs of hardware stores and hardware retailers. Here are five of the best accounting software for hardware stores and hardware retailers that you should consider for your business.

Who is the best Accounting Software For Hardware?

The Best Accounting Software For Hardware of 2023:

Here’s our shortlist of the best accounting software for hardware I'm ranking through our extensive research and use:

  1. Wave
  2. FreeAgent
  3. QuickBooks
  4. NetSuite
  5. Odoo

Our Review of the Best Accounting Software For Hardware:

Here is our list of the best accounting software for hardware:

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Wave

Newfoundrz's Software Review:
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4.2
out of 5

Wave is a free cloud-based accounting software that provides features such as invoicing, expense tracking, and accounting reports. It is primarily aimed at small businesses and freelancers.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Accounting reports
  • Credit card and bank account connections
  • Completely free accounting software
  • Easy receipt scanning and expense tracking
  • Automated financial reports
  • Limited features compared to other software options
  • Some users may find the interface too simplistic or lacking in customization options
  • Limited customer support options
Pricing for Wave starts at $0/month and moves up to $40/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$40/month
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  • Dropbox
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FreeAgent

Newfoundrz's Software Review:
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4.2
out of 5

FreeAgent is a cloud-based accounting software aimed at freelancers and small businesses. It includes features such as invoicing and expense tracking.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Project management
  • User-friendly platform for freelancers and small business owners
  • Simplified project and time management
  • Easy tax filing and compliance
  • Limited customization options for certain features
  • Higher pricing for advanced features and multi-user support
  • Limited mobile app capabilities
Pricing for FreeAgent starts at $0/month and moves up to $24/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$24/month
  • Dropbox
  • Salesforce
  • Google Drive
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QuickBooks

Newfoundrz's Software Review:
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4.4
out of 5

QuickBooks is a comprehensive accounting software for small to medium-sized businesses. It includes features such as invoicing, expense tracking, and financial reporting. QuickBooks is available as desktop software or a cloud-based service.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Payroll
  • Efficient invoicing and payment processing
  • Comprehensive financial reporting
  • Robust payroll management
  • Steep learning curve for some users
  • Limited customization options for invoices and reports
  • Limited customer support options for some plans
Pricing for QuickBooks starts at $30/month and moves up to $200/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$30/month
Pricing Plan 2:
$200/month
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NetSuite

Newfoundrz's Software Review:
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4.1
out of 5

NetSuite is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Inventory management
  • Order management
  • Project management
  • Unified platform for financial, inventory, and order management
  • Comprehensive reporting and analytics
  • Flexible customization and scalability
  • Higher pricing for advanced features and customization
  • Steep learning curve for some users
  • Limited customer support options
Pricing for NetSuite starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
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Odoo

Newfoundrz's Software Review:
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4
out of 5

Odoo is an open-source accounting software that includes features such as invoicing, expense tracking, and inventory management. It is primarily aimed at small businesses and includes various other business tools.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Inventory management
  • Financial reporting
  • Open-source platform with modular design for customization
  • Comprehensive financial and project management
  • Advanced CRM and eCommerce capabilities
  • Steep learning curve for some users
  • Limited customer support options
  • Some users may find the interface too complex or cluttered
Pricing for Odoo starts at $31.10/month and moves up to $46.80/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$31.10/month
Pricing Plan 2:
$46.80/month
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  • FedEx
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Software Rankings:
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Important Features to Look For in Accounting Software For Hardware:

Accounting Software For Hardware Pricing Comparison Table:

Platform Free Trial? Pricing #1 Pricing #2
Wave true $0/month $40/month
FreeAgent true $0/month $24/month
QuickBooks true $30/month $200/month
NetSuite true Custom Custom
Odoo true $31.10/month $46.80/month

Accounting Software For Hardware Rating Comparison Table:

Software Customer Support Performance Value Total Product Rating
Wave 4 4 4.5 4.2
FreeAgent 4.5 4 4 4.2
QuickBooks 4.7 4 4.5 4.4
NetSuite 4.2 4.2 4 4.1
Odoo 4 4 4 4

Should hardware stores and retailers consider using accounting software?

Is QuickBooks a helpful tool for hardware stores and retailers to use?

How can hardware stores benefit from using accounting software and what are the key advantages it offers for financial management?

What is the price range of accounting software designed for hardware stores, and what features does it offer for managing inventory levels, tracking sales, or generating invoices?

Factors we use to Rank Accounting Software For Hardware:

Nick

Founder and CEO

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.