The 8 Best Bookkeeping Software Options For Small Businesses

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The 8 Best Bookkeeping Software Options For Small Businesses

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Easily sync your bank with your financials in Xero online accounting. Our partners cannot pay us to guarantee favorable reviews of their products or services. These include NCH, Zoho Books, Kashoo, ZipBooks, Sunrise, GnuCash, TrulySmall Invoices and Wave Accounting. Today’s leading accounting platforms offer standard security features such as data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. With MarginEdge, you’ll pay $300 per month per location for access to all its services.

When choosing the best accounting software for your business, there are several factors you should consider, including price, features, the type of software you need and what your company’s specific needs are. Xero is a good choice for small businesses that are looking for an accounting software with payroll capabilities. The software is also a good fit for businesses that are growing quickly and need to track projects.

Accounting software for your small business

Then the software compares them to your income using totals and colorful charts. Depending on how long your business has been operating, getting started with a small business accounting service can take anywhere from five minutes to several hours after signing up for an account. Most of them offer free trials or a demo account and charge monthly subscription fees once you’re ready to commit.

bookkeeping software

Most notably, its cheapest plan doesn’t include double-entry bookkeeping or free accountant access. For accountant access, more accurate bookkeeping, and detailed business health reports, you’ll need the $30-a-month Plus plan (non-promotional price). If QuickBooks Online has too many features for your needs but you still want QuickBooks’s stellar reporting, QuickBooks Self-Employed might be a better fit. It starts at $15 a month and includes access to limited reports, plus freelance-specific features like mileage tracking and easy syncing with TurboTax. If you’re searching for accounting software that’s user-friendly, full of smart features, and scales with your business, Quickbooks is a great option. Reports are your reward for keeping up with your daily work and completing it correctly.

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And if you want straightforward finance tracking without in-depth analytics, Wave Accounting can help you with the basics. And while Zoho Books does a great job of tackling all things invoice, you’ll get an even better deal by adding Zoho Invoice to your Zoho Books plan. Zoho Invoice is completely free for life, so whether you end up trying Zoho Books or not, we definitely recommend giving Zoho Invoice a look. Keep reading to learn more about QuickBooks Online, Xero, and five additional bookkeeping solutions tailor-made for small-business owners like you. Terms, conditions, pricing, special features, and service and support options subject to change without notice.

  • Our accounting reports are easy to use and show monthly or yearly comparisons, so you can easily identify cash flow trends.
  • QuickBooks is an instantly recognizable name in the world of accountancy and bookkeeping.
  • GnuCash is accounting software designed for individuals and small businesses, and was initially conceived as an open source alternative to apps such as Intuit’s Quicken.
  • This has the benefit of allowing unlimited quotes and invoices, plus you can reconcile unlimited bank transactions.
  • Automation features include things such as creating journal entries and statement reconciliation.
  • Other businesses might simply prefer them because they often allow for a greater control of your data, by running locally on your own machines- rather than on third-party clouds.

Unlike most paid software, Wave has unlimited user access, including easy access for accountants and bookkeepers. And along with foundational reports like income and cash flow statements, Wave  includes sales tax tracking reports. Most notably, its comparative documents help you understand your business’s finances to make wise financial decisions. Each plan offers more advanced features like inventory management, time tracking, additional users, and cash flow. Most service-based small businesses will find that Simple Start meets all of their needs. Essentials adds additional features for bill and time management.

What is the easiest accounting program to use?

Money Manager Ex’s simplicity makes it a particularly good choice for sole traders or your own home finances. We like that there are no tiers, and there is only a single version of the program. The Business edition is aimed at growing businesses and limited companies.

All data transferred online is protected with 128-bit SSL encryption. When an invoice is past due, follow these five steps to collect outstanding payments so you can get paid sooner. You’re never too small, and it’s never too Accounting For Small Start-up Business soon  to know you’re on track for success. Tag things as you work to track events, projects, locations, and anything that matters. Run custom reports based on your tags for an instant view of insights that matter most to you.


While much of your daily accounting work probably involves paying bills, sending invoices, and recording payments, you also need to keep a close eye on your bank and credit card activity. If you have connected your financial accounts to your accounting service, then this is easy to accomplish. You can also view each account’s online register, which contains transactions that have cleared your bank and been imported into your accounting solution (along with those you have entered manually). Zoho Books is the small business accounting element of Zoho’s ecosystem of productivity applications. Your accounting data can be tightly integrated with numerous related apps and functions, like CRM, customer service, and email.

bookkeeping software

The software can also be used to generate reports, such as profit and loss statements and balance sheets. Most accounting software programs include features for invoicing, tracking payments and managing inventory. Xero is one of the most popular accounting software for small businesses. https://adprun.net/how-to-start-a-bookkeeping-business/ The Early plan costs $13 per month and includes basic features such as bank account reconciliation, bill and receipt capturing and short-term cash flow and business snapshot. In contrast to most accounting software, Xero includes unlimited users at no additional cost.

Choosing the right software for your business

It’s the most comprehensive, customizable accounting program in this group of applications, though it does more than what many small businesses need, and it costs a bit more as well. The software offers built-in online connections that support some remote work, and it integrates with Microsoft 365 Business. Sage 50cloud Accounting is a powerful piece of software, so why didn’t it receive a higher rating? A dated interface, lack of mobile access, and the requirement to install the software locally keep it from receiving a higher score. We looked at 19 accounting software companies with specialized products for small businesses before choosing our top five software options. We considered cost, scalability, ease of use, reputation, and accounting features.

  • In regions where a feature is listed as an add-on (for example, Xero Payroll, Xero Projects, Xero Expenses and Analytics Plus), pricing is based on the number of users who use the add-on each month.
  • Accounting software is a computer program that helps businesses track income and expenses.
  • For one thing, they should be categorized (office expenses, utilities, travel, and meal costs are some examples) so you know where your money is coming from and where it’s going.
  • In many cases, free accounting solutions are designed to help get you off the ground.

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