No small business wants to slug around with an outdated method of keeping the books right. To top the aversion, nobody even wants to put his hands on an accounting software that’s been around for a while, slow with old age and dull by the lack of updates.
Below are the best small business accounting software that might also be right for you. Take note that these applications all run online or in the cloud:
Xero Accounting Software
Cloud-based accounting software Xero has been dubbed as the best small business accounting software to date so far. With robust features to boost its simple yet intuitive interface, Xero was built for small businesses to help them take advantage of the cloud. It’s cheaper, lighter, and faster.
Its ability to work in mobile devices makes it a handy accounting tool for both on-the-go entrepreneurs and accountants. Xero Accounting is packed with popular features that would enrich your business, including easy invoicing, fast bank reconciliation, free unlimited users, mobile-optimised, easy payroll process, rich integration capability, and a lot more.
FreshBooks seems to be an ideal yet typical accounting software that every business should use. The software enables users to create their own database in it, or import from other database platforms.
It’s downright flexible, with the power to help you customise invoices or forms and support to add-ons. Its extensibility will allow users to integrate time-tracking and other supporting tools.
The catch is, FreshBooks may come as a pricey software for multiple users even though it encourages external collaboration.
Here is the small business accounting software that modest entrepreneurs should use (because it’s free). Outright is an accounting solution if you don’t need payroll processing or inventory for your small business. It can be accessible only in browsers; hence, there’s no need to install the application.
Still, it gives the basic features that can help you manage your financials practically, including tracking income and expenses, generating reports, and estimating tax liabilities.
QuickBooks Online Plus
This software is an excellent choice for service-based businesses that demands mobile access to sale and purchase tools most of the time. Although it’s a promising software for small businesses, it’s a very limited accounting solution compared to its other editions.
Most business owners would immediately associate QuickBooks with small business, as the software prides itself with powerful applications and varying degrees of functionality such as customisation and automatic invoicing.
Small business owners nowadays are wiser. They use what the big shots are using, but are also aware to get what they only need. They know that to optimally perform, they have to use the accounting software that’s cost effective, but which can offer speedy results for keeping the business profitable.