Chances are, you didn’t start your small business to spend all your time doing accounting work. But as you likely know by now, keeping a keen eye on your finances is important for the growth of your company.
We’ve rounded up some of the best accounting software tools for small businesses to make your accounting life a bit easier.
Quickbooks.
You’ve likely heard of this one since they’re considered the standard when it comes to small business accounting and bookkeeping. Intuit Quickbooks Online offers all the necessary features that your small business needs.
Quickbooks also allows for you to select (and only pay for) the features you need. Those include:
- Invoicing
- Payroll
- Bill management from vendors & suppliers
- Expense tracking (you can actually snap and save receipts straight from the app!)
- Inventory tracking
Quickbooks connects with your bank account. Your activity then gets downloaded and categorized automatically! No more sorting receipts!
Investment: $15-40/month
Freshbooks.
This popular invoicing software. Freshbooks has built-in expense management and time tracking features and also allows for you to accept payment from clients.
If you’re a freelancer, small business, or a service based business this is a great option for you. It has automatic late payment reminders that help you stay on top of your clients. Even better—the pricing totally depends on the number of clients your managing. So if you’re just getting started, you won’t pay out the nose.
Investment: $15-50/ month.
Xero.
If you need it all, Xero has it all. Perhaps you serve clients all over the world, Xero let’s you get paid in over 160 currencies with automatic conversions and exchange rates (which are updated hourly).
Automatically reconcile your accounts and send quotes and invoices. You can keep track of your inventory and make purchase orders to your suppliers— a great feature if you’re selling products (either offline or on).
Investment: $9-70/ month
Zoho Books
Ever heard of the Zoho Collection? It’s a collection of business software that includes a CRM, help desk, and as we’re highlighting today…a bookkeeping application! This is a great option for you if you’re already using one of the existing Zoho Collection applications, especially if you’re using or plan to use the CRM application.
This software includes everything you’d expect from a bookkeeping application while also including time tracking. It also includes some features that make it perfect for selling services or products.
Investment: $9-29/month.