Top Small Business Accounting Software to Try

If you are a freelancer or a small business owner, you need a few top small business accounting software to run your business.

Most of this top small business accounting software has been developed to help you keep a tight grip on your finances.

 Top Small Business Accounting Software

Types of top small business accounting software

You can make use of the following top small business accounting software for your business:

FreshBooks

Top small business accounting software like FreshBooks provides you with an intuitive and well-rounded accounting experience that offers time tracking, projects, estimates, estimates, and invoices.

PROS

  • Delightful user experience
  • Detailed client records Inventory tracking
  • Supports proposals and projects
  • Automatic mileage tracking on iOS
  • Double-entry accounting
  • Team collaboration and time tracking tools
  • Estimate and retainer functionality

CONS

  • Mobile apps lack some site features, interface excellence
  • Minimal setup help
  • Some dashboard deficits
  • Limited invoice customization
  • No quarterly tax estimates

Intuit QuickBooks Online

Intuit QuickBooks Online is ideal for small businesses, offering extensibility, depth, and flexibility. The software is well designed and easy to use.

 Top Small Business Accounting Software

PROS

  • Project profitability
  • Customizable reports
  • Excellent user interface and navigation
  • New cash flow pages
  • New hybrid sales tax option
  • In-depth contact records and transaction forms
  • Comprehensive payroll support
  • Supports hundreds of add-ons and integrations

CONS

  • Mobile apps not comprehensive
  • Expensive
  • Online support improved, but still lacking
  • Auto-categorization not very accurate

Sage 50cloud

Sage 50cloud is designed as a robust accounting application for small businesses. It makes up customization options and a wide range of financial tools as a top small business accounting software

PROS

  • In-depth contact and item records
  • Can scale up to other versions
  • Good support options
  • Exceptionally sophisticated feature set
  • Microsoft 365 integration
  • Great customizability
  • Unusually strong inventory management tools

CONS

  • The interface looks dated, crowded
  • Lacks comprehensive mobile app
  • Expensive
  • Windows only
  • No dedicated time tracking
  • Many links open new windows
  • Resource-heavy
  • No dashboard

Wave

Wave as a top small business accounting software offers small business owners a free and excellent accounting service with management tools and invoice creation.

PROS

  • Instant Payouts
  • Multicurrency support
  • Can pre-authorize recurring credit card payments
  • Smart selection of features for very small businesses
  • Free (payments and payroll incur fees)
  • Double-entry accounting
  • Excellent invoice and transaction management
  • Good user interface and navigation tools
  • Context-sensitive help

CONS

  • Receipts by Wave app unavailable on Android
  • No dedicated time-tracking features
  • Invoice customization could be stronger
  • Can’t offer discounts
  • Simple record templates
  • No comprehensive mobile app
  • Payroll features not as capable as other solutions

The top small business accounting software to try

 Top Small Business Accounting Software

Xero

Xero is a top small business accounting software with data imports, strong account reconciliation, project tracking, and sales and purchase transactions.

PROS

  • Project tracking
  • Thorough reconciliation tools
  • Good dashboard
  • New business views
  • Integrates with Gusto (payroll)
  • Improved setup process
  • Interactive quotes, Smart Lists
  • Exceptional online support

CONS

  • No reorder level in inventory
  • Lacks phone and chat help
  • Mobile apps not comprehensive
  • The new invoice form needs labeled icons
  • Expenses handled in separate mobile app

Zoho Books

Zoho Books is a perfect top small business accounting software for small businesses that offer an amazing user experience, and comes at an attractive price, including a rich set of tools.

PROS

  • Generous support options
  • Excellent user interface and mobile apps
  • Affordable
  • Superior depth in records and transaction forms, including dozens of custom fields
  • Document management
  • Multiple payment gateways

CONS

  • Time tracking must be tied to projects
  • Integrated payroll feature limited to California, New York, and Texas
  • Limited pool of accountant partners

GoDaddy Bookkeeping

GoDaddy Bookkeeping has direct integration with Etsy, eBay, and Amazon and makes things easier for business owners. The top small business accounting software is easy to use and flexible.

PROS

  • Good invoicing tools and dashboard
  • Calculates estimates for quarterly taxes
  • Inexpensive
  • Direct integration with Amazon, eBay, Etsy, and PayPal
  • Simple time entries

CONS

  • Lacks multicurrency support
  • No project tracking, or bill payment
  • Minimal client information in records

Sunrise

Sunrise is easy to use top small business accounting software and monitors expenses, invoices, and income.

PROS

  • Sales tax rulesets
  • Excellent user experience and dashboard
  • Transaction timeline
  • Supports both quotes and estimates
  • Double-entry accounting
  • Good handling of sales forms
  • Free
  • Gusto and Zapier integrations
  • Individual late fees

CONS

  • No dedicated time or project tracking
  • Atypical reconciliation process
  • Only standard financial reports
  • Contact and product records not comprehensive
  • Mobile apps not comprehensive

 

 

 

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