Whether you are making a profitable business or not? Want to keep track of Incoming revenue? Should we invest in new equipment? Whether you need to cut your expenses? Well, a good businessman will be able to provide all this information in seconds. However, Small Businesses really found it challenging to keep their financial books up to date as it is a complicated, and time-consuming process. Good Accounting Software is the key to running and growing your business successfully. Readers are really interested to know about Best Small Business Accounting Software.
If you are looking for ways to grow your business faster, you really need to find out the right accounting software that you can start with cheap, but grow with advanced tools.
We employ our best research or Statistics against each Accounting Software features to provide you with the list of the Best 5 Small Business Accounting Software. You can simply trust and rely on our research and pick up the suitable software according to them.
Best Small Business Accounting Software in 2023
1) FreshBooks
FreshBooks is the number one Accounting software that helps users to address recurring invoices and subscriptions easily. It supports online payment collection through credit cards, PayPal and Google Checkout. With this software, you can control all the financial operations from a single dashboard. So you do not need any additional Software.
Due to its slick design, it is really easy to create ultra-professional attention-grabbing invoices and estimates. Data Security is the main highlight of FreshBooks. Secure backups are regularly implemented to keep user information secure at all times.
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Key Features
- FreshBooks comes with mobile add-ons. This means that the person can access information anytime and anywhere on their Android, and iOS gadgets.
- It enables businesses to get paid online through various Payment gateways.
- FreshBooks offers invoice-to-payment functionalities. Users can pinpoint the exact location where a customer opened an invoice email. This feature is really helpful in catching customers who say the invoice never got to them
- You can easily track both past and current invoices.
Pricing
FreshBooks offers three plans -Lite, Plus, and Premium Plan at affordable pricing. The lite plan starts at just $11 per month. This plan lets you access unlimited invoices, expense entries, time tracking, and estimates. However, this plan is limited to five billable clients only.
Plus Plan starts at $19 per month. This plan lets you access unlimited proposals, and allows you to automate recurring invoices and late payment reminders. This plan is limited to 50 clients only. Whereas the Premium Plan starts at $30 per month that arrives with a limit of 500 clients.
Tip: FeshBooks is the perfect choice for sole traders. However, if you want to add additional team members, you need to spend $7 per month extra per person. So we don’t recommend it for larger teams.
2) QuickBooks Online
QuickBooks Online is a great Accounting Software, especially for small businesses and freelancers. Today this tool is very popular among accountants, bookkeepers, small business owners, and finance officers. This tool is capable of generating profit and loss and trade sheets, invoices, and billing, all of which are accessible via mobile devices.
QuickBooks provides customer support with every plan and has an extensive library of resources for learning how to use the platform’s many features.
Key Features
- Cloud-Based. All accounting information is securely stored in Cloud that can be accessed or exported to Excel Spreadsheets.
- Integration with third-party apps.
- It offers Mobile based application.
- You can easily log in to the system from anywhere without the need for additional Software.
Pricing
It offers 30 days free trial to all the consumers
- Self-Employed: $15/mo.
- Simple Start: $30/mo.
- Essentials: $55/mo.
- Plus: $85/mo.
- Advanced: $100/mo.
Tip: QuickBooks is quite expensive. However, the range of advanced features it offers, makes it worth
3) Zoho Books
Zoho Books is a Cloud Accounting Software that you can easily access anytime from anywhere with the help of the Internet on any device. Again the data is not stored on your device, which it means is quite safe from System related errors. This smart Accounting Software is easy to use and helps users make intelligent business decisions.
You can easily send customers professional invoices and even accept payments online. The dashboard is pleasant to the eyes and is able to display financial overviews and graphs. Zoo Books offers free plans that are highly suitable for small teams and solo traders.
Key Features
- It is a powerful tool that gives users absolute control over financial management.
- Hassle-free Accounting with Security
- It imports all credit card and bank transactions, so there is no need to add data manually
- Pretty Sleek user Interface
Pricing
Zoho Books offer many pricing plans that start at $9 per month. Zoho Standard plan starts at $12 per month for three users. It allows you to track, reconcile, and budget with ease, from your smartphone or computer. Under this plan, you can manage up to 5000 invoices.
The professional plan starts at $24 per month for five users. It provides you the functionality of adding bills, multi-currency handling, reporting tags, purchase approval, and up to 10 workflow rules. Zoho Premium Plan starts at $30 per month for 10 users. Under this plan, you will be able to track activity across multiple branches, create custom reports – and get a snazzy custom domain, too.
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4) Xero
Xero is another Cloud-based Accounting Software that provides many advanced features like payroll, invoicing, inventory, purchase orders, reporting, and bill payments. It is the best choice for people who want sleek, stylish self-employed Accounting software. This platform has integration with third-party apps like Veem.
Key features
- Integration with third-party apps.
- 24/7 Customer Support
- Clean Interface
- A customizable dashboard that lets each user rearrange or hide panels
Pricing
The basic plan starts at $10 per month that lets you Create invoices and quotes, enter bills, Reconcile bank transactions, and Submit VAT returns to HMRC. However, you can only send 20 invoices and quotes and enter five bills per month. The Standard Plan starts at $24 per month. However, the Premium plan starts at $33 per month.
5) NetSuite ERP
NetSuite ERP is a wonderful Accounting tool that lets you manage leads, automate communication, track your sales pipeline, generate quotes, and sync calendars with your teams for enhanced collaboration. It features a powerful dashboard that gives you access to KPIs. Even non-expert users can easily access this tool without the need for expertise. It takes care of your stocks and shipping module. The cloud-based platform offers all core accounting functions along with financial planning and reporting, billing, revenue recognition, and analytics
Key Features
- It is the most affordable tool that lets you scale the business easily.
- The application generates all crucial business indicators at your fingertips.
- Easy to access
Pricing
It offers various affordable plans.
Conclusion
That’s all about Small Business Accounting software. No doubt this software really takes off your burden. However, selecting suitable software is quite tricky. The best way is to look out for the features that your business needs. This will create enough room to grow your business fastly. Since all Accounting Software comes with a higher price tag, so we have curated the list of the most affordable yet powerful tools that work seamlessly. I hope you really find this post helpful. In case of any queries, feel free to ask in the comments section below.
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