Top Android Finance and Accounting Apps in 2020

Accounting apps serve a very valuable purpose for freelancers and business owners on the go. Whether you’re a business owner who needs to swiftly pull up accounts while on the road, or a freelancer sending invoices from a coffee shop, we’ve gathered some of the most highly rated finance and accounting apps for Android in 2020.

QuickBooks Accounting+Invoice

QuickBooks Android app

For SMB owners or even freelancers who want something a bit more in-depth than PayPal, QuickBooks Accounting+Invoice offers comprehensive overview of your accounts and expenses. This includes accounts receivable and payable, and you can also use the app to track projects, inventory, billable hours, and expenses.

One of the great features is the ability to create and customize invoices and sales forms with your own logos, and you can allow incoming payments to enter directly into the QuickBooks Payment part of the app. There is a small fee associated, but that’s absolutely normal.

Some other useful features of the app include directly invoicing from Gmail, and there are numerous third-party integrations such as processing payments through Paypal or Square. You get a one month free trial to test QuickBooks, after that it costs $14.99 per month for the app.

Xero Accounting Software

Xero Android app

A cloud-based accounting software that has been QuickBooks top rival since 2006, Xero’s mobile app’s suit several different purposes, but can work in tandem. There is Xero Accounting Software, the primary app, followed by Xero Expenses, and Xero Projects. It’s a highly recommended accounting app from the team at Beat the CPA.

For this we’ll focus on the main app. It offers a quick overview of all your attached accounts, i.e. bank accounts, PayPal, credit card balances and more, all in one interface. It also gives you quick bank statement reconciliation, and the ability to create and send invoices directly from the app. Perhaps Xero’s best feature is its security, being cloud-based.

It uses standard financial industry data encryption, ISO/IEC 27001:2013 which is globally recognized as the premier information security management system (ISMS) standard. Like QuickBooks, Xero offers a month free trial, and a significantly cheaper subscription at only $5 per month, or $50 per year.

Zoho Books

Zoho Invoice Android app

A great option for small business owners and freelancers, Zoho Books offers a lot of useful functions. It has a minimalistic interface, so navigation is quick and easy. You’ll find that you can easily track accounts, create or pay invoices, record expenses, track billable time, and more. It also has a banking feature, so you can add bank accounts to receive account feeds.

There are numerous invoice templates to choose from, and it supports transactions in multiple currencies. The app is intended as a supplement to the web-based app. The developers also pay attention to app reviews, and frequently include new features based on customer requests.

Zoho Books offers a 14-day free trial, and then subscriptions start at $9 per month for the Basic plan. This puts it squarely between QuickBooks and Xero, in terms of monthly pricing.


Invoice by Wave

For small business owners, Wave offers two great accounting apps. These are Invoice by Wave, and Receipts by Wave. The former focuses primarily on invoicing, allowing you to create and customize invoices with numerous useful features, such as notifications when your invoice has been viewed, paid, or becomes overdue.

Receipts by Wave is a unique app that allows you to upload photographs of your receipts, and you can scan receipts in bulk, up to 10 at a time. The app uses optical character recognition to import and transcribe the receipts into the app, allowing you to easily track expenses.

This is incredibly useful for tax purposes, of course. Both of these apps are entirely free, and Wave only charges a very small fee for processing invoices, at 2.9% + 30¢ for credit cards, and 1% for bank payments.

Bill Wilson
Bill is a certified Microsoft Professional providing assistance to over 500 remotely connected employees and managing Windows 2008 to 2016 servers.