Accounting software is generally a suite of programs developed to enable you to keep a track of and manage the financial transactions of your business. If your business is going to succeed, you’ve got to be serious about it’s accounts. Part of making accounting easier is choosing the best software, and that’s why we are running this article on the best account software for small business for you small business owners out there.
Why you should invest in accounting software.
- Accounting software allows you to spot errors, making accounting errors less likely to happen.
- Get your accounting done fast. Speedy budgeting and accounting allows us to focus on other things, such as helping your business grow.
- Save time and stay efficient.
- In some parts of the world it is a legal requirement for a company to meet a minimum level of automated accounting, before they can be quoted on the market.
- Accounting software ends up saving you money.
- It can help you make decisions. Most decent software can aid decision making through generation of crucial info that you need to see how your business is fairing. You can see where you are spending too much money or time and adjust the course of things as you see fit.
Now you see how beneficial good software is you should read on to find out our top 5. Also, we’ve got a couple of free accounting software entries here for cash strapped start ups.
Our Top 5
This is the best account software for small business if you are on a tight budget. Why? Because Wave is free. That’s right – it doesn’t cost a dime.
Not all businesses will benefit from a paid service. Account services can really start to pile up after a while. They are quite cumbersome for start ups. That’s why we thought we would let you know about Wave.
Wave Accounting is a cloud based platform specifically designed to meet the accounting needs of small businesses.
And this isn’t a free trial – you won’t be restricted in what you can do.
Wave is allowing small businesses the full range of their services without having to forgo a monthly bill.
Unfortunately if you are a Mac owner, you’ll find that many of the best account software for small business are a bit lacking. That’s because many companies don’t focus on the Mac version of their accounting software. Instead, sadly a lot of the accounting software for the Mac is lacking in the features of their window counterparts and often are even less intuitive to use. That is a shame, because the Mac is a great computing platform.
However Xero accounting software bucks this trend. It’s easily the best accounting software for the Mac. It is a full featured solution that integrates seamlessly with 500 other business apps that businesses commonly use. The license also comes with live chat support, email and 24/7 phone support at no extra cost.
If you are running a very small personal business or new start up, then I would recommend Zoho Books. It has all the features a typical microbusiness needs. You’ll also find that it has the tools required as your business starts to expand. In comparison to other paid software, Zoho’s price is pretty unbeatable. That’s why we’ve seen fit to include it in our list of the best account software for small business.
Most of the accounting software you’ll see featured on this list includes a mobile app as standard. Out of these, FreshBooks has by far the best mobile app. If your business means you are always on the move, then having a top accounting app on your mobile can be a lifesaver. It means you can do the accounts during a commute as you go, without having to return to the office.
They also have top notch customer service. A definite recommendation and easily one of the best account software for small business.
Best Overall: Intuit Quickbooks
The breadth of features available on Quickbooks makes it best account software for small business in our opinion. For start-ups or established businesses, the basic and advanced features available here will suit all accounting needs.
Not just content with having the usual features of a piece of accounting software, Account Edge Pro also allows you to do payroll work. If you are in retail, you will also appreciate the inventory system they have here. It’s available on Windows, Mac and mobile platforms.
The best thing about FreeAgent is that it allows unlimited users, invoices, expenses and clients all for one monthly price. This is refreshing, as a number of it’s competitors limit what you can do on the cheaper pay plans. FreeAgent also has a cool project management feature to allow you to keep track of hours spent on projects. I reckon this is a great bit of accounting software for really small businesses, consultants and freelancers.
Here’s another free bit of accounting software for you. Unfortunately GnuCash is tailored specifically for the Linux computing environment. However, if your business uses Linux, this is of course great news.
GnuCash has all the features a small business could want. This includes expense tracking, income, double-entry accounting, calculations, financial reports, scheduling of transactions and much more.
You can also use GnuCash to track bonds, mutual funds, stocks and bank accounts.
It’s a really powerful piece of kit. Oh, and it is also available on Android as Android runs in a Linux environment.
Alright guys, I hope today’s article will prove useful for anyone running a small business or a start up. If you are in the market for a new piece of accounting software for your company, have a browse through our recommendations.
As you all know, getting your accounts right from the start can make a huge difference to the survival and flourishing of any small business.
Let us know what you think below. Until next time!