Accounting can be a challenge for even the most seasoned small business owners. You need to keep track of income and expenses, manage your employees’ payroll, and create financial reports to help you make smart business decisions. And that’s just scratching the surface! Fortunately, there are many great accounting software programs available that make it easy for you to take care of all these tasks—without having to hire an accountant or spend tons of money.
1. QuickBooks
QuickBooks is the most popular accounting software for small businesses. It’s used by more than 23 million people to manage their finances, track expenses and generate invoices.
The program keeps track of every penny you spend–and it can even help you predict when you’ll run out of money if sales slow down.
It’s easy to use: once installed on your computer (or mobile device), QuickBooks will automatically pull in information from bank accounts, credit cards and other sources so that all your business transactions are recorded automatically without any further input needed from you or your employees. You can also enter manual entries if something isn’t already set up with one of those connections mentioned above–like when a customer pays cash instead of using a credit card or checks into an Airbnb instead of staying at an Airbnb property (or even just doesn’t have an account).
2. Xero
Xero is a cloud-based accounting software that was founded in New Zealand in 2004. It’s been around for over a decade, and it’s currently used by more than 1 million small businesses around the world.
Xero is known as one of the easiest accounting software options for small businesses because it has an intuitive interface, automatic data backup and recovery features, customizable reports/graphs/tables etc., mobile apps for iOS or Android devices (which means you can use your phone to access important financial information at any time), support for multiple currencies etc., all at no charge! If you’re interested in learning more about Xero’s features then check out this article here: https://www.xerohelpdesk.com/xero-business/.
3. Wave
Wave is a cloud-based accounting software that can be used by small businesses. It offers a free trial and has many features that make it an excellent choice for these companies. Wave integrates with other cloud services, like Google Drive and Dropbox, so you can easily share files with clients or colleagues. It also has a mobile app that lets you keep track of your finances while on the go.
4. Freshbooks
FreshBooks is a cloud accounting software that helps you invoice, track time and manage expenses. It’s an intuitive tool that makes accounting simple for small businesses. With FreshBooks you can easily create professional looking invoices in minutes and send them out via email or as PDFs. The software also has tools to help you keep track of your time spent on each project so that you don’t overbill clients or undercharge them if they pay late (which happens more often than not). You can even set up automatic reminders when it comes time to bill clients so there are no surprises at the end of the month!
5. NetSuite
NetSuite is a cloud-based ERP solution that was founded in 1998. It’s used by companies of all sizes and industries, including Cisco, Walmart and GE.
NetSuite’s software allows you to manage your business from anywhere using your computer or mobile device. The platform includes financial management tools like invoicing, accounting, inventory control and human resources functions like payroll processing. NetSuite also offers collaboration tools for sharing data between departments within your organization as well as with external partners such as vendors or customers who are using other applications from the same vendor (such as salesforce).
6. Sage One
Sage One is a cloud-based accounting software designed for small businesses. It offers free trial, free customer support, and a 30 day money back guarantee. There are no hidden fees on Sage One as well!
Need accounting software for your small business? Find the best fit for you and your business with this list.
Small businesses are an essential part of the economy, and accounting software is one of the most important tools for small business owners. If you’re looking to start a new business or grow an existing one, choosing the right accounting software will help ensure that your finances are organized in a way that makes sense and is easy-to-use.
There are many factors to consider when selecting an accounting system–including cost, functionality and ease-of-use–but there are also some general guidelines that apply no matter what type of company or industry you operate in:
- Make sure it’s compatible with other programs and services (e.g., payroll providers).
- Make sure all employees have access to all relevant data at all times (so they can do their jobs better).
There are many options available to small businesses when it comes to accounting software. The key is finding the right one for you and your business. This list will help you do just that by outlining six of the best options on the market today, including QuickBooks, Xero, Wave and more!
