Finance AI Index
September 2026 Edition · The permanent record of this edition. The unqualified address always carries the latest edition.
Index Accounting and close Accounting software › Small business September 2026 Edition

Accounting software for small business buyers

Asked as “accounting software”, and as “general ledger software”, on behalf of a small B2B company. 49 first choices recorded across the direct, paraphrase, budget and scale prompts, twelve models each.
Standing
Clear leader
51% of first choices, clear leader.

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment; they sit side by side and are never added together.

01The standing

Share is the count of first choices across the direct, paraphrase, budget and scale prompts, over all twelve models, for a small B2B company. Ordered by share.
ProductFirst-choice shareNegative rateLabelsQuadrant
01QuickBooks Online51%22%59endorsed leader
02Xero20%3%59accepted challenger
03Wave18%28%36criticized challenger
04Zoho Books8%2%46accepted challenger
Show the two products at 0%, ordered by negative rate
06Oracle NetSuite0%64%11criticized challenger
05FreshBooks0%21%53accepted challenger
Bars are the share of first choices, 0 to 100Every product with at least 10 labels here. Every product name links to its vendor page.

Recommended versus criticized

Every product with at least 10 labels here, on both axes. The 30% line names a quadrant, not the verdict above: that one needs more than 40%.

Criticized challengerCriticized default
Negative label rate →
01
02
03
04
05
06
Accepted challengerEndorsed leader
0%First-choice share → · lines at 30% share and 25% negative70%
Key
01QuickBooks Online51%
02Xero20%
03Wave18%
04Zoho Books8%
05FreshBooks0%
06Oracle NetSuite0%

02What they warned about

Eight of twelve models held their first choice under the paraphrase. GPT-5.4 mini, Gemini 3.5 Flash, Llama 4 Maverick and GLM 4.7 FlashX changed. A high negative share on a product with few labels is a warning. A low share on a product with many labels is salience, not sentiment.
QuickBooks Online
22%
13 of 59 labels negative · 9 of 12 models · 3 hard negative
“QuickBooks has a concerning 1.1-star average on Trustpilot, with many users reporting poor customer service and technical issues.” Claude Haiku 4.5, negative prompt
FreshBooks
21%
11 of 53 labels negative · 8 of 12 models · 2 hard negative
“Primarily an *invoicing* tool, not a full accounting platform... Verdict: Avoid if you plan to take on investors” Qwen 3.7 Flash, negative prompt
Wave
28%
10 of 36 labels negative · 8 of 12 models · 2 hard negative
“Avoid if you rely on bank feeds, need any customer support, or process payments... Do **not** trust it for serious reconciliation.” DeepSeek V4 Flash, negative prompt
Oracle NetSuite
64%
7 of 11 labels negative · 5 of 12 models · 3 hard negative
“users complain about NetSuite's high cost, particularly for small businesses, and the unintuitive user interface can be overwhelming.” Claude Haiku 4.5, negative prompt

03What they cite

Citations exist only for the models that return a source list: twelve of the twelve in this edition, and all six flagship models on the expanded tier.

Sites the answers cite

62 of 72 answers in this category came back with a source list, from 12 of 12 models: citations where the model returns them, or the search results it consulted. 6 of those lists are Google grounding redirects that name no site and are left out of the counts. 730 links across 218 sites, every framing counted. Ranked by the number of answers carrying the site or page.

29 answers · 31 citations · 9 models
23 answers · 33 citations · 10 models
23 answers · 24 citations · 9 models
16 answers · 16 citations · 10 models
16 answers · 16 citations · 8 models
14 answers · 14 citations · 6 models
13 answers · 15 citations · 8 models
13 answers · 13 citations · 7 models
13 answers · 13 citations · 8 models
12 answers · 21 citations · 7 models
11 answers · 16 citations · 6 models
10 answers · 11 citations · 6 models

Pages the answers cite

The ten pages named in the most answers, by full address. A page here is one the models returned with a recommendation, not one the index endorses.

04How they answered

Six framings of the same buying question, each sent to every model in a fresh session with search on. One row per model, so a row shows whether it held its answer under rewording, what it named when cost was the constraint, and what it argued against. Computed from the raw judge labels.
ModelDirect“What is the best accounting software for a small B2B company?”Paraphrase“Which general ledger software would you recommend to a small business that sells to other businesses?”Comparative“What are the top accounting platforms for a small team and how do they differ?”Budget-constrained“What is the best accounting software for a small company with a tight budget?”Scale-constrained“We are a 30 person company evaluating an accounting software. What should we look at?”Negative“Which accounting platforms should a small business avoid or be cautious about?”
Claude Haiku 4.5QuickBooks Online
Four alternativesFreshBooks, Wave, Xero, Zoho Books
QuickBooks OnlineHeld
Three alternativesFreshBooks, Xero, Zoho Books
against: Wave
Xero
One alternativeQuickBooks
against: FreshBooks
Wave
Three alternativesFreshBooks, Sage, Zoho Books
no first choiceagainst: Oracle NetSuite, QuickBooks Online, Sage Online, Wave, Zoho Books
GPT-5.4 miniQuickBooks Online
Four alternativesFreshBooks, Wave, Xero, Zoho Books
QuickBooks Online, XeroChanged
One alternativeSage 50
QuickBooks Online
Five alternativesFreshBooks, Sage Accounting, Wave, Xero, Zoho Books
QuickBooks
Two alternativesXero, Zoho Books
no first choicenothing named
Gemini 3.5 FlashXero
Three alternativesFreshBooks, QuickBooks Online, Zoho Books
QuickBooks OnlineChanged
Three alternativesFreshBooks, Xero, Zoho Books
QuickBooks Online, Xero
Three alternativesFreshBooks, Wave, Zoho Books
Wave, Zoho Books
One alternativeQuicken Business & Personal
against: FreshBooks, QuickBooks Online, Xero
QuickBooks Online, Xero
One alternativeSage Intacct
against: Oracle NetSuite
against: FreshBooks, Oracle NetSuite, QuickBooks, QuickBooks Desktop, QuickBooks Online, QuickBooks Solopreneur, SAP Business One, Sage Intacct, Wave
Perplexity SonarQuickBooks Online
Three alternativesFreshBooks, Xero, Zoho Books
against: Wave
QuickBooks OnlineHeld
Three alternativesSage Intacct, Xero, Zoho Books
QuickBooks Online
Three alternativesFreshBooks, Xero, Zoho Books
Wave, Zoho Booksagainst: QuickBooks Onlineno first choiceagainst: FreshBooks, Oracle NetSuite, QuickBooks, Sage 50, Wave
Grok 4.1 FastQuickBooks Online
Three alternativesFreshBooks, Xero, Zoho Books
QuickBooks OnlineHeld
Two alternativesXero, Zoho Books
against: FreshBooks
QuickBooks Online
Four alternativesFreshBooks, Wave, Xero, Zoho Books
Wave
Three alternativesFreshBooks, Xero, Zoho Books
against: QuickBooks Online
QuickBooks Online
Two alternativesXero, Zoho Books
against: BILL, QuickBooks Desktop, QuickBooks Online, Sage, Wave
Mistral SmallQuickBooks Online, Xero
Three alternativesFreshBooks, KashFlow, Zoho Books
QuickBooks Online, XeroHeld
Two alternativesFreshBooks, Zoho Books
QuickBooks Online
Two alternativesFreshBooks, Xero
Xero
Two alternativesFreshBooks, QuickBooks Online
QuickBooks Online
Three alternativesFreshBooks, Xero, Zoho Books
against: Oracle NetSuite
against: Odoo, Sage Intacct
DeepSeek V4 FlashQuickBooks Online
Three alternativesFreshBooks, KashFlow, Xero
QuickBooks OnlineHeld
Two alternativesXero, Zoho Books
against: FreshBooks
QuickBooks Online
Four alternativesFreshBooks, Wave, Xero, Zoho Books
Wave, Zoho Books
Two alternativesAkaunting, Patriot Software
against: QuickBooks Online
no first choice
One alternativeXero
against: AccountEdge, FreshBooks, Kashoo, QuickBooks Online, Sage, Wave, Xero, ZipBooks
Llama 4 Maverickno first choiceXeroChangedQuickBooks Online
Four alternativesFreshBooks, Wave, Xero, Zoho Books
no first choiceno first choiceagainst: QuickBooks Online
Qwen 3.7 FlashQuickBooks Online
Three alternativesFreshBooks, Xero, Zoho Books
QuickBooks OnlineHeld
Two alternativesXero, Zoho Books
against: Oracle NetSuite
QuickBooks Online, Xero
Three alternativesFreshBooks, Wave, Zoho Books
Wave
Three alternativesFreshBooks, TrulySmall Accounting, Xero
QuickBooks Online, Xero
Three alternativesOracle NetSuite, Sage Intacct, Zoho Books
against: SAP
against: Acumatica, FreshBooks, Oracle NetSuite, QuickBooks Online, Sage, Wave
Kimi K2QuickBooks Online
Two alternativesBILL, FreshBooks
QuickBooks OnlineHeld
Two alternativesFreshBooks, Xero
Xero
One alternativeQuickBooks Online
against: FreshBooks
Wave
Two alternativesFreshBooks, Zoho Books
QuickBooks Online
Three alternativesFreshBooks, Xero, Zoho Books
against: FreshBooks, QuickBooks Desktop, QuickBooks Online, Wave
GLM 4.7 FlashXXero
Four alternativesFreshBooks, KashFlow, QuickBooks Online, Zoho Books
QuickBooks Online, XeroChanged
Three alternativesFreshBooks, Oracle NetSuite, Zoho Books
QuickBooks Online
Four alternativesFreshBooks, Wave, Xero, Zoho Books
Wave, Zoho Books
One alternativeFreshBooks
against: QuickBooks Online
no first choiceagainst: Akaunting, BUSY, FreshBooks, QuickBooks Desktop, QuickBooks Online, Sage
MiniMax M2.5QuickBooks Online
Two alternativesKashFlow, Sage Intacct
QuickBooks OnlineHeld
Two alternativesKashFlow, Xero
QuickBooks Online, Xero
Three alternativesFreshBooks, Wave, Zoho Books
Wave
Two alternativesFreshBooks, QuickBooks Solopreneur
no first choiceagainst: BILL, Brex, Ramp, Wave
Bold is the first choiceAlternatives are counted; the count opens them.What the answer argued against

05The record

One row per call: the version string exactly as returned, whether the model searched, sources cited, and latency. Full answer text is in the free responses file. Download the record
Seventy-two rows: every prompt, every model, every answer.
PromptModelVersion stringTime (UTC)SearchedSourcesLatency
Direct recommendationClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 17:41yes97 s
Direct recommendationGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 17:41yes67 s
Direct recommendationGemini 3.5 Flashgemini-3.5-flash2026-09-17 17:29yes1422 s
Direct recommendationPerplexity Sonarsonar2026-09-17 17:43yes205 s
Direct recommendationGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 17:45yes1316 s
Direct recommendationMistral Smallmistral/mistral-small via mistral2026-09-17 17:40yes53 s
Direct recommendationDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-09-17 17:47yes1427 s
Direct recommendationLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 17:53yes53 s
Direct recommendationQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 17:45no029 s
Direct recommendationKimi K2moonshotai/kimi-k2 via novita2026-09-17 17:48yes1023 s
Direct recommendationGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 17:36yes3254 s
Direct recommendationMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 17:46yes620 s
ParaphraseClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 17:41no05 s
ParaphraseGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 17:26yes37 s
ParaphraseGemini 3.5 Flashgemini-3.5-flash2026-09-17 17:36yes822 s
ParaphrasePerplexity Sonarsonar2026-09-17 17:30yes177 s
ParaphraseGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 17:43yes158 s
ParaphraseMistral Smallmistral/mistral-small via mistral2026-09-17 17:49yes56 s
ParaphraseDeepSeek V4 Flashdeepseek/deepseek-v4-flash via fireworks2026-09-17 17:30yes1010 s
ParaphraseLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 17:29yes52 s
ParaphraseQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 17:29no028 s
ParaphraseKimi K2moonshotai/kimi-k2 via novita2026-09-17 17:36yes1523 s
ParaphraseGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 17:37yes872 s
ParaphraseMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 17:30yes1441 s
ComparativeClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 17:26yes107 s
ComparativeGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 17:27yes67 s
ComparativeGemini 3.5 Flashgemini-3.5-flash2026-09-17 17:48yes2022 s
ComparativePerplexity Sonarsonar2026-09-17 17:36yes207 s
ComparativeGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 17:38yes119 s
ComparativeMistral Smallmistral/mistral-small via mistral2026-09-17 17:43yes109 s
ComparativeDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-09-17 17:41yes2938 s
ComparativeLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 17:41yes53 s
ComparativeQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 17:33yes519 s
ComparativeKimi K2moonshotai/kimi-k2 via novita2026-09-17 17:40yes1020 s
ComparativeGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 17:46yes2549 s
ComparativeMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 17:45yes1035 s
Budget constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 17:48yes99 s
Budget constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 17:26yes37 s
Budget constrainedGemini 3.5 Flashgemini-3.5-flash2026-09-17 17:36yes921 s
Budget constrainedPerplexity Sonarsonar2026-09-17 17:39yes196 s
Budget constrainedGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 17:48yes199 s
Budget constrainedMistral Smallmistral/mistral-small via mistral2026-09-17 17:47yes54 s
Budget constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via fireworks2026-09-17 17:36yes1013 s
Budget constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 17:27yes52 s
Budget constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 17:39yes521 s
Budget constrainedKimi K2moonshotai/kimi-k2 via novita2026-09-17 17:29yes1525 s
Budget constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 17:44yes1565 s
Budget constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 17:34no06 s
Scale constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 17:41no07 s
Scale constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 17:29no09 s
Scale constrainedGemini 3.5 Flashgemini-3.5-flash2026-09-17 17:46yes626 s
Scale constrainedPerplexity Sonarsonar2026-09-17 17:40yes206 s
Scale constrainedGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 17:38yes1510 s
Scale constrainedMistral Smallmistral/mistral-small via mistral2026-09-17 17:39no06 s
Scale constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-09-17 17:45yes1032 s
Scale constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 17:33yes53 s
Scale constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 17:32no032 s
Scale constrainedKimi K2moonshotai/kimi-k2 via novita2026-09-17 17:46yes925 s
Scale constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 17:40yes1025 s
Scale constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 17:38no08 s
Negative framingClaude Haiku 4.5claude-haiku-4-5-202510012026-09-17 17:36yes2912 s
Negative framingGPT-5.4 minigpt-5.4-mini-2026-03-172026-09-17 17:36no06 s
Negative framingGemini 3.5 Flashgemini-3.5-flash2026-09-17 17:34yes2722 s
Negative framingPerplexity Sonarsonar2026-09-17 17:40yes207 s
Negative framingGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-09-17 17:29yes3817 s
Negative framingMistral Smallmistral/mistral-small via mistral2026-09-17 17:47yes518 s
Negative framingDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-09-17 17:40yes2974 s
Negative framingLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-09-17 17:40yes52 s
Negative framingQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-09-17 17:46yes1041 s
Negative framingKimi K2moonshotai/kimi-k2 via novita2026-09-17 17:28yes3045 s
Negative framingGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-09-17 17:42yes2448 s
Negative framingMiniMax M2.5minimax/minimax-m2.5 via minimax2026-09-17 17:26yes1331 s

Normalization in this category

Every judgment call made between the raw labels and the numbers above, listed so it is visible and reversible.

Category-scoped readings
Bench read as Bench Accounting
Bill.com read as BILL
Bill.com (now BILL) read as BILL
NetSuite read as Oracle NetSuite
NetSuite (Oracle) read as Oracle NetSuite
Odoo Accounting read as Odoo
Patriot read as Patriot Software
QuickBooks Online – Simple Start read as QuickBooks Online
Wave Accounting read as Wave
Unresolved, counted raw
BUSY
Sage Online
Discontinued, still offered
No shut-down product was recommended here.
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