An accounting calculator is a calculator designed to perform various financial calculations, such as tax, interest, and depreciation calculations. After reaching a certain level of education, a normal math calculator is not enough to keep up. As financial courses become more advanced, you need an accounting calculator to handle the increasingly complex processes.
Choosing a good accounting calculator can be overwhelming since there are so many options available with varying features. Nevertheless, in every field, there are always some products that stand out. Hence, to help you make the right choice, we have put together a list of the 7 best accounting calculators to fit your needs.
In this Article
1. Texas Instruments calculator (BA II Plus)
Looking for a calculator that has advanced features and is powerful? Get this.
The Texas Instruments BA II Plus calculator is one of the most widely used calculators among students and business managers. The calculator is not only a testament to customer loyalty, but it has become a popular choice for universities.
The BA II Plus is known for versatility. It makes calculations such as profitability, cash flow, and taxes without missing a beat. Additionally, you can also calculate the NPV and the IRR for unconsolidated cash flows. Lastly, the two features that really make it stand out are the depreciation schedule and the interest rate conversion built-in programs.
Pros:
- Can perform various time-saving functions like cash flow, profitability, NPV etc
- Up to four regression options – linear, logarithmic, exponential and power
- List-based one- and two- variable statistics
- Reliable and decently priced
Cons:
- Keys don’t provide any tactile feedback
- Navigating the UI is a bit finnicky
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2. HP 10bII+ Financial Calculator
If your choice is durability, then this is the one.
Our next accounting calculator is the 12C Platinum, a powerful and reliable financial calculator that is ideal for the field of accounting. Although it has some limitations, its versatility, robustness, and simple user interface make it an invaluable tool for financial calculations.
Moreover, its area of expertise is performing calculations related to the time value of money, cash flow, and amortization. Additionally, this calculator has several built-in features, including more than 100 financial and statistical functions, making it a powerful tool for business and finance professionals, as well as finance, accounting, or economics students.
Pros:
- Over 100 time-saving business functions
- Can perform quick calculations such as loan payments, interest rates/conversions, cash flows etc
- Solid build ensures long life
- Beginners will find it easy to navigate
Cons:
- The screen size is small.
- Expensive compared to other calculators with similar features
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3. Qualifier Plus Finance Calculator
This one offers a ton of features at an affordable price.
The qualifier plus calculator is a great option if you don’t want to spend much and still get the most functions. This calculator is designed to aid you in real estate and mortgage related calculations as well as other financial matters. It is light and sleep with clearly labelled keys and programmable functions.
Pros:
- Clearly labelled with residential mortgage terms for easy use
- Dedicated buyer qualifying inputs
- Quick and easy loan calculations
- Easy functions for tax calculations
Cons:
- No dedicated memory storage
- Might be a bit overwhelming to learn
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4. Sharp EL-1901 Paperless Printing Calculator
Want to go the traditional way but also be eco-friendly?
This sharp printing calculator is a modern approach towards the old-school printing calculators. Instead of paper, it displays all of your calculations on a 300 line LCD display which can also be scrolled. Apart from this, the calculator is capable of all the necessary functions that you’d expect from an accounting calculator.
Pros:
- Large LCD displays your calculations without the need for paper
- Large tactile keys with good feedback
- Includes functions like tax, cost/sell/margin
- The screen can be titled
Cons:
- Screen not as bright as other calculators
- Not beginner-friendly
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5. HP 12C Platinum Calculator
This is the new school toy in the financial world!
The HP 12C Platinum is a trusted business classic for its reliability and ease of use. It has a unique retro design, landscape layout, and lots of buttons that can be used to perform all the different financial functions. Moreover, handling complex calculations quickly and accurately is right up its alley.
Pros:
- No-frills design geared towards practicality
- Clearly defined buttons for the various built-in fucntions
- Light-weight and easy to carry around
- Comes with a carrying case
Cons:
- The small display can be limiting
- Keys wiggle when pressed
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6. CATIGA Desktop Calculator
If you are short on cash, you cant do better than this one.
This CATIGA calculator has a large form factor making it ideal for desktop use. The big keys are hard to miss and provide a satisfying press. This calculator is also very beginner friendly with well-defined keys. Also, the bigger screen display is a big help as you wont have to squint your eyes to make out the numbers.
Pros:
- Beginner-friendly calculator with easy-to-press keys
- Contains all the essential business/accounting functions
- Solar power will keep it running even if the battery runs out
- Sturdy construction
Cons:
- Limited functions make it a less than ideal choice for advance use
- Takes up large amount of space
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7. Casio DM-1200BM, Business Desktop Calculator, Extra Large Display
Good for business use and easy on the pocket!
By the look of it, one can easily guess that this is a mid-range calculator which is perfect for small-scale businesses and students for their everyday math. This is not that expensive and can be easily afforded. It has all the basic tools to get you started but do not expect anything advanced.
Pros:
- Easy to use.
- Compact
- Have basic arithmetic functions.
Cons:
- No advanced features.
- No backlight on display.
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