Accounting software tools are a must-have for small businesses.
They streamline the process of keeping track of your finances, so you can spend less time on the paperwork and more time on growing your business. Here are some of our favorite accounting software tools for small businesses.
Details About Top Accounting Software Tools For Small Businesses
1. TaxSlayer
TaxSlayer is a great option for small businesses, especially if you’re looking to file taxes for free. Their online service offers all the tools you need to get started, including a mobile app and an in-house team of experts who can guide you along the way.
This software also works with most major accounting platforms, which makes it easy to use outside of TaxSlayer itself.
2. Quickbooks
QuickBooks is a great accounting software for small businesses. It’s designed for businesses of all sizes and makes it easy to keep track of your finances.
QuickBooks is cloud-based, which means you can access the program from almost any device with internet access. This allows you to work from home or on the go, making this software more convenient than others in its category.
3. FreshBooks
FreshBooks is a cloud accounting software service for small business owners. The software is designed to be easy to use and intuitive, which makes it perfect for self-employed people who need a program that helps them get up to speed quickly.
It can also be used by clients with as few as one employee, so it’s great if you run your own company but don’t want any extra staff on the payroll.
The platform supports multiple currencies and has an easy-to-use interface—it even comes with templates so users won’t have trouble getting started from day one.
Plus, FreshBooks integrates with other services like Dropbox and Slack so you can easily transfer files in real time using your favorite apps (and stay organized at the same time).
4. Wave
Wave is a great solution for small businesses that need to manage their finances. While it has a free plan, the free plan limits the number of users that can be added and doesn’t allow you to add invoices or estimates.
The paid plans start at $10/month and scale up depending on your company’s needs. Their customer support team is excellent, and they’re always improving their software based on user feedback.
5. Zoho Books
Zoho Books allows users to manage their finances in real-time, allowing them to stay informed about their business at all times.
The program includes features such as invoicing, expense tracking (expense reports), time tracking (time sheets), accounting (general ledger), payments processing, POS integration, and more.
With its simple design and functionality tailored for small businesses, Zoho Books offers everything needed for the successful management of financial operations with minimal involvement of IT staff or consultants.
6. Xero
Xero is an online accounting software. It has both a free version and paid version. The free version offers limited features, but requires no monthly fee. If you need more features than the free one has to offer, then you can purchase them from Xero for $20 per month for up to 50 users.
Xero’s biggest selling point is its ease of use. You can easily create invoices, track expenses and see profits in real time with this program. Even if you are brand new to bookkeeping or financial management, Xero makes it easy for you to get started straight away!
7. Pinch Payments
Pinch Payments is one of the Xero App Store’s top-rated invoicing and payment apps. Invoicing and collecting payments become an easy set of automation when Pinch Payments is added to your Xero package.
Pinch Payments can help, whether your accounts receivables process needs to be automated completely or just one tedious part of it.
8. GoCardless
GoCardless is a payment processor that offers a simple and affordable way to accept recurring payments. It can be integrated with your existing website, which is great for small business owners who don’t have time to learn new software.
GoCardless also offers a cloud-based platform, so it’s not necessary to install it on your computer or server.
9. uCollect
uCollect is a cloud-based accounting software for small businesses. It’s a UK company but has an international customer base. uCollect is best for businesses with less than 50 employees. The free version of uCollect is great for the first four users in your business but will cost you $9 per month after that.
Conclusion
We’ve discussed some of the best accounting software tools for small businesses, including their benefits and drawbacks. We hope this information can get you started using them in your own business!
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