The Best 7 Accounting Software for Small Businesses

Accounting Software for Small Businesses

Effective bookkeeping is one of a small business’s most underappreciated advantages. A successful firm may crumble quickly if the individuals in charge aren’t on top of their accounts. A solid understanding of the statistics maintains you in business during bad times and helps you develop during good times.

Every day, the greatest accounting software saves your time and effort. If you don’t have it yet, you’ll be amazed at how inexpensive it is for the value it provides. So owe it to yourself to examine how sleek contemporary accounting software has now become if you’re still using something cumbersome out of habit. This article will discuss the top seven accounting software that you can easily use for your small business operations.

Let’s take a look at this software.

1. Zoho Books

Zoho Books is excellent accounting software, especially for small businesses. It’s got every feature that you need to manage your finances easily and effectively while staying on budget! This application integrates with many other very popular applications in the business world, such as Zendesk, Google Apps, Slack, etc., so it saves you time by not having to switch between multiple tools. Zoho is a suite of apps that can handle all your small business accounting needs, including invoices, expenses, and time billing.

The reports section will give you data-based insights into how profitable your projects are and help forecast future cash flow. This makes it easier than ever before to run an efficient business – so you can spend more time growing yours. It’s simple enough for any bookkeeper or accountant to use but robust enough for expert users who need advanced features like unlimited accounts payable reports by job category.

2. Wave

Wave is a cloud-based accounting and invoicing solution for small businesses. Wave provides you with the tools to manage your business finances, bill customers quickly and effortlessly, track time spent on projects, and invoice clients automatically as soon as they’re done. Wave comes with many features, including invoicing, expense tracking, time billing, and more. 

It also includes a free credit card reader for your mobile phone, so you can swipe cards on the go. Wave is compatible with any device (even Apple Watch).

3. QuickBooks

QuickBooks is accounting software designed by Intuit. It has been helping small businesses manage their finances for over 30 years. Now it’s available as a cloud-based service or on-premise solution depending on what the company prefers. The basic version of the product starts at $20 per month, but if you want access to more features, like inventory management, QuickBooks will require another fee of around $15 per user each month (the price varies according to your needs).

4. FreshBooks

FreshBooks is an excellent option for independent contractors and freelancers. Its easy-to-use interface makes it perfect for first-time bookkeepers, but its reporting tools are sophisticated enough to meet the needs of even experienced accountants. FreshBooks integrates with over 300 third-party apps, including WordPress and MailChimp. The Basic version of Freshbooks costs $19 per month or $180 annually. 

You can sign up for a 30-day free trial if you want to test it out before committing to the monthly fee.

5. Kashoo

Kashoo is online accounting software that provides all the necessary tools for small business owners to manage their businesses. Unlike most other services, Kashoo also offers a free plan which includes access to invoices and expenses tracking features (and only limits you on your transactions volume). Its easy-to-use and attractive interface makes it perfect even for non-accounting people. 

6. Sage 50 cloud

Sage 50 cloud is accounting software that can connect to your bank accounts. You can make a direct connection with the help of this software which allows you to see all transactions happening through online banks. It also helps track and manage cash flow better by giving real-time updates on income, expenditures, etc. The best part about Sage 50 cloud is its invoicing feature, where it automatically creates invoices for your clients after completing their job or project.

7. Xero

Xero is online accounting software that has an extensive range of features. It can be used for invoicing clients, sending out bills, tracking expenses, and much more. You can even set up Xero to integrate with other popular business apps you are using, such as your bank accounts or payroll systems! Another great feature about Xero is its user-friendly interface, making it easy for new users to get started without needing any training.

The Bottom Line

Small business accounting software can help you manage your finances and stay on top of costs, expenses, sales, profits, and losses. However, there are so many accounting software programs to choose from that it may be challenging to determine which one best fits the needs of your small business. It would be best if you decided to work on the software mentioned above for more productive and effective results.


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