11 Best Small Business Accounting Software of 2020

Accounting Software

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In 1494, an Italian Renaissance mathematician Luca Pacioli created the method of accounting we know today. Back then, it was also called bookkeeping because 500 years ago, people actually used books for it and stared ominously as they wrote down their (apparently horrible) financial statements.

Luca Pacioli Accounting

Now over 500 years later, small business accounting is as essential as ever, but we can rely on accounting software rather than a menacing man with beautiful hair and an Italian cloak. 

Ultimately, accounting entails summarizing, analyzing, and reporting of all transactions related to a business, whether large or small. It’s a necessary function for every business in order to understand their profits and losses, tax responsibilities, and overall health of the business.

Usually, accounting includes the following functions:

  • Decision making
  • Cost planning
  • Economic performance measurement concerning a business

Also, most businesses tend to hire dedicated personnel called accountants to take care of the accounting activities of the firm.

However, if you’re self-employed today, you have access to numerous accounting systems to help you manage your finances on your own.

These tools help you create invoices, track inventory, manage payroll services, business finances, and customer relationships, among various other critical functions.

But with so many options available in the market, it can be challenging to choose the right one for your business.

What is the Best Small Business Accounting Software?

Here are 11 of the best accounting software tools for small business owners to check out:

1. ZipBooks.

ZipBooks Best Accounting Software

ZipBooks is a simple and powerful accounting software tool that can help you take your business to the next level. It is a web-based software that can help you streamline all your accounting activities.

Key Features:

  • Accounting – Offers a complete and straightforward accounting solution. Create ledgers, bank reconciliation statements, balance sheets, trial balance, income statements, and more
  • Billing – One-time, recurring billing so that you get paid faster
  • Expenses – Smart and automated expenses tracker
  • Intelligence – Offers you a full suite of tools to generate and gather actionable reports and insights to keep you on track. You can generate business health score, invoice quality score, and perform smart searches
  • Synchronicity – You can synchronize all your bank accounts and secure all your financial details
  • Team Management – Allows all the team members to access the same data in real-time for effective collaboration

Pros:

  • Allows sending of unlimited invoices
  • Can manage unlimited vendors and customers
  • 30-day free trial period
  • Syncs with Microsoft Excel and Lite plans
  • You can send invoices in multiple currencies
  • You can accept digital payment via PayPal or Square and access accounts receivable plans
  • Enables you to send custom quotes and estimates
  • Cloud-based software that makes it inexpensive and easy to use
  • Phone and email customer support available
  • Has an excellent free accounting software plan for freemium user and bookkeepers in addition to a quality premium plan
  • ‘Accountant’ custom plan provides excellent features like texting clients directly, time tracking across client accounts, bulk transactions editing, and a single dashboard for holistic client management

Cons:

  • Supports only English
  • No option for on premise-deployment
  • There is no live-chat or ticket-based customer support

Pricing:

ZipBooks Pricing

ZipBooks offers four pricing plans. The ‘Starter’ plan is an excellent freemium plan, while the paid plans start from $15. You also get a quote-based plan, for which you need to contact their sales team to get a quote.

2. FreshBooks.

FreshBooks Cover Photo

FreshBooks is of the most popular accounting tools in the market. It can streamline the management of all your accounting activities like invoicing, time tracking, making payments, and more. The best part is that it is fast, secure, and easy to use.

Key Features:

  • Invoicing – You can personalize your emails and create your own invoice with excellent customization, including your logo and signature
  • Automatic Expense Tracker – Simply link your bank account with the software and get automated updates about your spending at predetermined frequencies
  • Track Your Time – Track the exact time spent on activities like engaging clients, finishing a project, and more
  • Accounting – Provides easy to use, double-entry accounting tools
  • Project Management – Provides holistic project management features and facilitates collaboration

Pros:

  • It’s a mobile-friendly software that lets you stay connected with customers through the mobile app
  • User-friendly and intuitive user interface
  • Multi-language and multi-currency compatibility
  • Cloud-based software, so it is inexpensive and easy to use
  • Excellent customer support via phone, email, live chats, and ticket
  • Allows excellent customization
  • Accepts credit cards and performs ACH bank transfers online
  • Regularly generates project budgets to keep your team up to date
  • Generates robust and actionable insights
  • 30-day free trial period
  • Every transaction is SSL certification encrypted to provide enhanced data security and maintain the integrity
  • Provides unlimited expense tracking, time tracking, expense entries, and customized invoices
  • Clean, easy-to-navigate dashboards for increased efficiency

Cons:

  • On-premise deployment not possible
  • Doesn’t have a free plan
  • The metrics, goal-setting, and reporting features need improvement

Pricing:

Freshbooks offers four plans.

FreshBooks Pricing

The first three plans are priced at $6, $10 and $20 per month (billed annually). The last plan is a customized plan to cater to the needs of an individual, and you have to contact a sales rep to get a quote.

3. SlickPie.

SlickPie Cover

SlickPie is a simple, easy-to-use, cloud-based software for all your accounting needs. It’s a comprehensive tool that lets you specifically take care of all your tax commitments and ensure regulatory compliance.

Key Features:

  • MagicBot – It’s an in-built, automated receipt data entry tool that enables businesses to streamline accounting by automatically pulling details from bills and converting to digital data
  • Track Sales Tax – With this software, you can manage business taxes with inputs like municipal, state, regional, federal, provincial, and pool them into a single platform
  • Late Payment Reminders – In-built, automated due and overdue reminders that can help you get paid faster, and avoid late payment related issues
  • Financial Management and Reports – Measure, track, and access all the information related to the finances of your business. It helps you make well-informed, data-driven decisions, and visualize information using insightful reports

Pros:

  • Has an excellent free plan
  • Offers a free trial period for a paid subscription
  • Provides phone and email customer support (paid plan) and only email support for the free plan
  • Open API, which makes it highly customizable
  • Can send invoices online
  • Multi-currency compatibility
  • Can make and accept digital payments (PayPal, Stripe)
  • Track expenses and manage bills
  • You can get live bank feeds
  • Compatible with any device
  • Based on the cloud, so easy to use and inexpensive
  • Tracks transaction history
  • Allows you to create bank reconciliation statements
  • Creates and sends quotes and estimates
  • Highly intuitive and user-friendly software
  • You can add and link unlimited users

Cons:

  • No on-premise deployment
  • Doesn’t provide live chat customer support
  • Supports only English
  • There’s no customizable plan
  • Limited invoice customizations offered
  • Not enough third-party integrations

Pricing:

SlickPie offers only two pricing plans.

SlickPie Pricing

The ‘Starter’ plan is free and comes with limited features. The paid plan is called ‘Pro’ and costs $39.95 per month.

4. Wave.

Wave: Free Small Business Accounting Software

Wave is a comprehensive and integrated software that can provide a holistic and all-in-one solution to all your accounting needs. It is one of the best software for small businesses, entrepreneurs, freelancers, and those who are self-employed. The good news is that it is entirely free of cost.

Key Features:

  • Accounting – This software caters to all your accounting needs, including tracking expenses and income. You can connect your bank accounts, sync expenses, balance your books, and get ready for seamless tax compliance
  • Invoicing – Very easy to create and send professional invoices, all at the click of a button. It’s highly customizable, easy to use, and comes with an unlimited choice of templates
  • Receipts – You can receive and read receipts on any device. This software also lets you scan the receipts anytime, wherever you are, even when you’re offline

Pros:

  • No paid subscription; it is entirely free and has no hidden charges
  • You can set up recurring invoices for repeat customers and receive automatic, on-time, credit card payments
  • Compatible with mobile devices
  • Get instant notification when an invoice is due, is viewed, or gets paid
  • Avail unlimited bank account and credit card connections
  • Has ‘smart dashboard’ feature that lets you organize income, expense, payments, and invoices together
  • Secures bank data connections that are read-only and uses 256-bit encryption
  • User-friendly and intuitive interface
  • No installation required; you can use it with a browser and an internet connection

Cons:

  • Fees collected for specific cases for processing online payments (dispute fee of $15 and a return fee of $5 per item)
  • Doesn’t offer a credit note feature
  • Features like time tracking and audit history are not yet available

Pricing:

Wave is one of the few accounting software platforms that are entirely free of cost. Rest assured, there are no hidden fees or charges.

5. QuickBooks Online.

QuickBooks Cover image

Intuit QuickBooks Online is one of the newest accounting software for small businesses and offers both cloud-based and on-premise versions. It provides a holistic solution for all accounting activities like accepting business payments, management, and payment of bills and payroll functions.

Key Features:

  • Invoicing – create custom, professional invoices, sales receipts, and estimates that you can send in minutes
  • Accounting reports – instantly see how your business is performing with customizable reports and dashboards
  • Cash flow management – Enter bills from vendors and pay them only when due. You can schedule recurring payments as well to save time
  • Expense tracking – record every expense for the month when you have to pay your taxes. You can also photograph and save receipts with the QuickBooks Online mobile app
  • Inventory management – This is a module where you can view quantity on hand when you buy or sell inventory due to real-time updates. You can also access real-time inventory valuation, which is automatically adjusted throughout the day and lets you stay on top of purchase orders by keeping track of what you’ve ordered from each vendor.

Pros:

  • Offers a 30-day free trial period
  • Offers both on-premise and cloud-based deployment
  • Extensive customer support available via phone, email, tickets, and live chat
  • Takes automatic backups every day so that you’re always up to date
  • Provides bank-level data security (128-bit SSL encryption) for security and integrity
  • 24/7 access to accountants from any device
  • Allows efficient, real-time collaboration between different team members and teams by providing unlimited access
  • Bookkeeping software works with Windows, Mac, Android, and other operating systems

Cons:

  • Doesn’t offer a free plan
  • Supports only English
  • Customer support isn’t available during weekends

Pricing:

QuickBooks Pricing

Intuit QuickBooks Online provides five plans, starting from $4 month and ranging up to $45 per month. All Quickbooks Online subscription plans come with a 30-day free trial period.

6. Xero.

Xero Accounting Platform

Xero is of the newest accounting applications on this list. It provides you with all the accounting tools you need to grow your small business.

Key Features:

  • Asset management – Track every business asset like vehicles, machinery, hardware, and office equipment for real-time accounting purposes
  • Project management – This software lets you complete all your project management tasks like capturing time and costs, sending invoices, and monitoring progress on a single platform
  • Sales tax – Sales tax-related features make it easy to file taxes online, prepare, and submit sales tax returns. It also calculates taxes for your sales and purchases with the most recent rates
  • Business performance dashboard – Make use of the dashboard, which includes in-built charts and graphs for actionable insights to make data-driven business decisions
  • Inventory management – Excellent inventory management tools let you stay on top of the numbers and keep track of your inventory

Pros:

  • 30-day free trial period
  • 24/7 customer service via phone, email, live chat, and email
  • Reduces the time to get paid with online invoices that come with ‘pay now’ button
  • Chase outstanding payments with automated reminders
  • Run unlimited payroll across all the US states
  • Seamlessly connect bank accounts to your profile
  • Compatible with mobile devices
  • Bundles payments together and schedule upcoming payments to be paid together
  • Save time by setting up recurring bills
  • Automatically track gains and losses for over 160 currencies
  • Get a real-time view of your cash flow from any device
  • You can import and categorize your latest bank transactions, and reconcile at the click of a button

Cons:

  • Doesn’t have a free plan
  • A large number of transactions can cause it to slow down

Pricing:

Xero Pricing Plans

The paid plans start from $20 per month and range up to $40 per month. Each plan includes a 30-day free trial period.

7. FreeAgent.

FreeAgent

FreeAgent is a cloud-based accounting software tool that is perfect for freelancers, small businesses, and their accountants. Trusted by more than 90,000 businesses worldwide, it brings everything, including invoice, expense management, project management, and the sales tax on the same platform.

Key Features:

  • Advanced expense management – Comprehensive management where you can categorize expenses by currency. You can also track things like documented and paid invoices
  • Tax management – Tax management module enables you can complete all activities related to managing tax and compliance
  • Accounts payable management – It can generate and manage bills effectively, and can also customize each bill by adding an introduction for ready reference
  • Contract management – Create and send invoices to your clients with ease and choose from a range of templates

Pros:

  • Provides a 30-day free trial
  • Extensive customer support by phone, email, ticket, and live chat
  • Since it’s cloud-based, it is inexpensive and easy to set up
  • Can provide very speedy estimates that can help you do more in less time
  • Multi-currency and multi-language support. And you can send invoices in over 25 different languages
  • Comprehensive dashboard view enables you to visualize the big picture, with the cash flow, profit & loss statements, and invoice timeline
  • It allows high customization of invoice by addition of your logo and signature and sends invoices at one click
  • Wide variety of invoice templates to choose from
  • You can set-up automatic, self-chasing reminders for recurring invoices
  • Highly intuitive and user-friendly software
  • Allows digital payment through PayPal, GoCardless, and Stripe
  • One of the least expensive accounting software platforms in the market

Cons:

  • Doesn’t provide a free plan
  • Doesn’t have the on-premise deployment option

Pricing:

With FreeAgent, you get only one universal plan. It costs $12 per month for the first six months of your subscription, and $24 per month after that. You also get a 30-day free trial.

8. Tipalti.

Tipalti cover image

Tipalti is a comprehensive accounting software platform that provides end-to-end solutions to automate the entire supplier payments operation, making global mass B2B payments efficient and frictionless. Moreover, it is a KPMG-certified application.

Key Features:

  • Supplier management – You can easily guide suppliers through submitting contact information, banking details, tax forms, and more
  • Invoice management – Provide automated invoice capture, approvals, payments, and reconciliation in a single end-to-end AP platform to boost efficiency and standardization
  • Tax compliance – It solves the complex manual process of collecting tax information through digital capture, ensuring payment validation even before its processed. It has a KPMG-certified tax module ensuring IRS and VAT compliance
  • Tipalti Detect feature – It can proactively prevent fraud with detailed payee monitoring that effectively mitigates risk exposure

Pros:

  • Cloud-based software, therefore easy to set up
  • Provides an end-to-end AP
  • Capable of generating Form 1099 and 1042-S tax reports
  • Facilitates international bank/wire transfer
  • Customer support available in the form of phone, email, and tickets
  • Has an in-built self-billing module with automated invoice creation and submission
  • Facilitates mass payments in over 190 countries and 120 currencies
  • The secure could infrastructure is SSAE 16 SOC compliant and ISAE 3402 Type II certified
  • Performs instant payment reconciliation and generate financial reports
  • Provides 24/7 supplier hub online access and cloud accounting
  • Provides invoice workflow automation with touchless invoice OCR capture, approval processing, and PO matching faster, more accurate invoice management 24/7
  • User-friendly, highly automated software

Cons:

  • Doesn’t provide a free plan
  • Comes with hefty pricing plans
  • Doesn’t offer on-premise deployment and live-chat
  • Can be difficult to use for a beginner
  • Doesn’t have immediate check image feature

Pricing:

Tipalti Pricing

Tipalti provides three pricing plans, starting from $299 per month and ranging up to $1599 per month.

9. Invoice Meister.

Invoice Meister: All-in-one Accounting Software

Invoice Meister is another excellent accounting platform on this list. It is most suitable for small and medium-sized businesses and helps with functions like entering your revenue and expenses, creating invoices, and linking bank accounts to organize your business.

Key Features:

Detailed analytics – With this software, get detailed analytical reports that can help you reap actionable insights for data-driven decisions

Financial reports – Get detailed financial reports and visualize them together on your device with the help of their highly navigable dashboard

Invoice templates – Make use of the wide variety of invoice templates available, and customize them according to your needs with your logo and signature, and send it along with a personalized email

Sendbox – The “Sendbox” feature tracks and keeps the history of every invoice/quote that you’ve sent to the clients. You can also download a pdf of all the records

Pros:

  • Offers a free trial period of 30 days
  • Set up automatically recurring invoices, keep track of payment status and automatically update upon payment
  • You can create automatic bank reconciliation statements without any manual entry
  • Provides extensive customer support via phone, email, and live chat
  • Since it’s a cloud-based platform, it’s easy to set up and is decidedly inexpensive
  • Lets you accept, sync, and track payments, even if you’re offline
  • Allows you to invoices in any currency with its multi-currency capability
  • Provides extensive video tutorials for ease of use
  • Sends automatic reminders for every overdue invoice
  • Extensive data security and integrity protocols

Cons:

  • Doesn’t offer a free plan
  • No ticket-based customer support
  • Offers services only in English
  • Doesn’t offer on-premise deployment

Pricing:

Invoice Meister Pricing

The pricing plans start from $7.50 and range up to $15 per user per month. Upon annual or bi-annual payment, you get a discount of 17% and 33%, respectively.

10. Zoho Books.

Zoho Books Accounting Software

Zoho Books is an online accounting platform that is an all-in-one tool and can manage your finances, automates business workflows, and helps you work collectively across departments.

Key Features:

  • Inventory management – It provides complete inventory management, from monitoring stock levels to replenishment
  • Project management – You can perform comprehensive project management with features like logging time, role-based access to track time, recording project expenses and raising direct invoices
  • Estimation management – Create estimates in a matter of seconds and convert them to invoices with a click when they are accepted
  • Automation – Take advantage of the software and automate tedious, error-prone and high volume tasks

Pros:

  • Offers a 14-day free trial
  • Offers a wide range of third party integrations like G Suite, PayPal, Razorpay, Office 365, and more
  • Fully compatible with mobile platforms
  • Cloud-based and therefore inexpensive and easy to set up
  • Extensive customer support via phone, email, and tickets
  • RESTful API makes it extensively customizable
  • User-friendly and intuitive interface
  • Integration with Zoho CRM lets you follow the credit status of customers, create new orders. and more
  • Wide range of invoice templates to choose from that can be highly personalized with logo and sent individually to customers
  • Multi-language and multi-currency capability
  • Create, send, and manage bills online and automatically adjust stock levels
  • Create recurring bills for regular purchases
  • Offers a client portal for easy approval of estimates, bulk payments and more
  • Confirm sales orders, keep teams updated, and avoid delivery errors with real-time information access
  • Easily view dashboards, charts, reports covering all receivables, payables, and inventory
  • Use the auto-scan feature to scan receipts, invoices, bills and extract information

Cons:

  • Doesn’t offer on-premise deployment
  • Live chat support is not available

Pricing:

Zoho Books Pricing

The plans start from $9 and range up to $29 per organization per month.

11. Accounting Seed.

Accounting Seed Cover

Accounting Seed is a robust, innovative financial software solution that can help you take care of all accounting related aspects of your business. It is highly flexible, easy to use, and provides a collaborative environment that enables you to make strategic decisions.

Key Features:

  • Inventory and order management – Take control of inventory and order management from ordering to replenishment
  • Sales order management – It creates a consolidated sales order process that is highly streamlined. You can create a sales order, allocate inventory to reserve products, record packing, and shipping details and create purchase orders directly
  • Purchase order management – Fully customize purchase order management by tracking creation and approval of purchase orders, receipt of goods in warehouses, and more
  • Financial management – Track and manage every project through entire lifecycle and ensure completion within budget

Pros:

  • User-friendly and intuitive interface
  • Create subscription billing and automated recurring billing as per your needs
  • Integrated with Stripe to conduct credit card, ACH payment processing, and other add-ons
  • Analysis of past, present, and future activities to help you manage billing
  • Easily embed purchase orders with sales orders and accounts payable
  • Cloud-hosted and therefore easy to set up
  • Provides customer support via phone, email, tickets
  • You can link multiple banks and multiple customers to your account
  • Create bank reconciliation statements easily
  • Powerful automation features eliminate needs for manual, error-prone data entry
  • Highly configurable and customizable

Cons:

  • Doesn’t provide on-premise deployment
  • Pricing details aren’t provided
  • Doesn’t offer a free trial period
  • Delay in performance of technical support reported
  • Limited third-party integrations

Pricing:

The pricing details aren’t available on the website. To get a personalized quote based on your business, you have to contact one of the sales team members.

Other software not yet included on the list includes Sage 50cloud, Sage Business Cloud, Gusto, Kashoo, AccountEdge,

What is Accounting Software for Small Business?

As the name suggests, accounting software can help businesses handle day-to-day as well as bulk accounting calculations.

According to statistics, there are more than 30 million small businesses in the US alone. Therefore, the scope and usability of small business accounting software are extensive.

Accounting software is especially vital for everyone who’s self-employed since they may have a limited number of clients and a small scale of operations. That’s why it doesn’t make sense for them to spend more time than necessary, generating invoices and creating financial reports for clients.

Instead, they can complete the task at hand, meet all the client requirements, and ensure a long-term business relationship.

A small business accounting software records, tracks, and processes accounting transactions with its various, specific, in-built functional modules, and lets you concentrate on the pressing task at hand.

What Are The Benefits Of Using Accounting Software?

Here are some of the benefits of small business accounting software:

1. Ease of Use.

Accounting software tools are usually easy to use and navigate. It doesn’t take a lot of time to train your employees either. And after you train them, the work gets done much faster, leaving plenty of time to focus on meeting customer requirements.

From this list, FreshBooks is one of the most straightforward accounting software tools to use.

2. Data Security.

As the popularity of such platforms continues to rise, there’s a distinct focus on ensuring data security and integrity. That’s why most of the accounting platforms come with state-of-the-art data security features, including QuickBooks, Tipalti, and so forth.

3. Timely Form Fill-ups.

Once you start using an accounting software platform, you don’t have to worry about missing a deadline for filling up a form or filing your tax returns. Most of these functions are taken care of through automation or regular reminders.

4. Manage Cash.

It’s hard to keep track of cash when you do your accounting manually. In fact, it’s quite usual to miss one or two transactions.

With proper accounting software in place, you can view and manage your transactions real-time, and never lose track of money.

Moreover, calculation of things like discounts to clients on bulk orders and performance incentives of employees becomes easily manageable.

5. Accuracy.

The use of an accounting software tool can eliminate the angle of human errors and lead to better compliance and proper record-keeping.

6. Save Costs.

A small business doesn’t always have the means to hire employees for every role. Many are expected to work cross-functionally.

In such a scenario, although setting-up and training of accounting software are costly, it’s only a one-time cost that you have to incur. In the long-term, the overall prices are much smaller than hiring an extra accountant.

If you’re running a business via an ecommerce platform and need things like inventory tracking, access to financial data, and the ability to invoice customers, you can save costs with this software.

7. Forecasting.

You can leverage the software technology to predict and forecast probable losses and profits. Furthermore, you can derive insights that can help you make better business decisions.

For example, when I transitioned from a sole proprietor to an S Corp, I was able to plan ahead by paying payroll taxes and income tax obligations ahead of time so that I didn’t a surprise come April.

Here are some of the most prominent benefits of using small business accounting software, in brief:

Accounting Software Benefits

How To Use Small Business Accounting Software.

It’s easy to use an accounting software tool once you get the hang of it. You can use an accounting software platform to do the following:

1. Invoice Processing.

Accounting software allows you to create an invoice and enter it in your database quickly.

When you create an invoice, you’ve got to enter the details like:

  • Name of customer
  • Date of delivery
  • Payment due
  • Advance paid if any
  • Invoice number and date of creation of invoice
  • Product details like quantity and specifications

It keeps a tab on the money you are to receive.

When you receive an invoice from a vendor, you need to enter details like:

  • Vendor name and address
  • Products bought
  • Advance paid if any
  • Money owed
  • Invoice number and date of creation

It helps you track the money you owe to vendors.

Take Invoice Meister, for instance:

Online Invoices: Invoice Meister

This accounting software takes care of the entire invoicing functions for you, including sending online invoices, setting-up recurring invoices, keeping track of your invoices, and more.

2. Track Income, Expenses, and Pay Vendors.

You need to log every transactional detail into the software: revenue earned and its sources, and the expenses incurred.

Once you feed all the data into the software, you don’t need to pore over books and manually tally the numbers.

For example, FreshBooks can help you track things like:

  • What is owed to which vendor or supplier
  • The amount you are yet to receive from clients
  • The advance payment that has been received or paid (if any)
  • Units of products sold
  • Units of inventory in stock

FreshBooks-Tracking

Most accounting apps can also help you predict future trends and focus areas.

3. Create Financial Statements.

Every business needs financial documents like journals, ledgers, profit & loss statements, balance sheets, and bank reconciliation statements.

Manually creating all these statements can be long and tedious.

You have to create individual statements for the specific time periods you want to study.

However, you can save yourself precious time and effort when you use any accounting software to do these tasks for you.

All you need to do is select the time frame you want, and the accounting software will create the statements for you.

Also, automated statements are decidedly safer than paper documents, that can easily be damaged or misplaced. Electronic statements eliminate this issue.

4. Comply with the IRS.

Strict compliance with the Internal Revenue Service (IRS) is essential to conducting business on US soil.

Any deviation from absolute adherence to IRS norms can lead to the cancellation of a business license.

If you use an accounting software tool, you can create Form 1099 and Form 1096 very quickly and without errors.

You can also send them to the concerned authorities at the click of a single button.

Executive Summary.

Every business is different and has different requirements when it comes to accounting.

To choose the right accounting software for your small business, you could focus on accounting features like:

  • Automation
  • Ease of tax compliance
  • Third-party integrations
  • Invoice templates
  • Multi-language and multi-currency capability
  • Payment reminders
  • Recurrent billing

Numerous accounting apps focus on the characteristics mentioned above. For instance, Zoho Books is perfect for automation and third-party integrations, FreeAgent for multiple invoice templates, multi-language and multi-currency capability, and ZipBooks for recurrent billing.

Ultimately, you must choose the software that provides you the best value in your budget.

Which of these accounting software tools are you planning to use? Comment below.

Further Reading on AdamEnfroy.com: If you’re looking for more tools to run a successful online business, check out my reviews of the best project management software, ERP software, and CRM platforms. And read my ultimate guide of the best business ideas to try this year.

6 Comments

  1. HI Adam, Very good blog post. Whether you are small business owner or your freelancer working from your home. you will definitely need a accounting software. Using an accounting software will save you lot of time and also money. You have some of the best small business accounting software. Using accounting software will help you in keep track of your expense and you will be able optimize your business for good. When i started my i was under an impression that i don’t need an accounting software, I was fortunate enough to use freshbooks before my hands got burnt.

  2. A lot of newbie people in business are tending to make failures just becouse of experience lack and, as a result, cannot manage their money in the right way. First of all, you mustn’t hesitate to invest in yourself. It’s better to spend a few $ on such accounting software to save your time and nerves since time is the most expensive thing in our lives.

  3. If you run a business, you absolutely must track your income and expenses. Your business accounting is required for taxes, and putting in a little extra effort upfront can save a ton of time and hassles when tax season rolls around. Most accounting software isn’t cheap, and it can take a lot of work to learn how it all works.

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