Have you ever considered using accounting software to help your business, but financial accounting freeware isn’t for you? You might be surprised learning that there are numerous great commercial accounting software packages for small businesses. These small business accounting software canada offer everything that the free online free basic accounting software programs have, plus much more. For example, there is no installation fees, no monthly fees, different pricing schemes, support by real human beings, and many other benefits.
Welcome to Small business accounting software Canada! Are you tired of searching for free business accounting software canada? If so, you are at the right place. This article will listing the most flexible accounting software Canada with all features for all levels.
Intuit QuickBooks Online
QuickBooks is one of the most comprehensive accounting software packages on the market, so it’s no surprise that it ranks #1 on our list. It has numerous features that make it an excellent choice for both small and large business operations.
Developed by Intuit, a leading Canadian software company specializing in financial software, QuickBooks Online is a cloud-based accounting system you can access through a mobile app or web browser.
Small business owners and accounting professionals commonly use this software because of its fluid and efficient accounting features. In addition, you can conveniently access all of its featured accounting tools in one central dashboard.
Quickbooks offers a 30-day free trial and three subscription options. They are as follows:
- EasyStart at $20 per month
- Essentials at $40 per month
- Plus, at $60 per month
Pros:
- QuickBooks is the most comprehensive accounting package available.
- It has a user-friendly interface that’s great for novice users.
- Allows you to track job expenses efficiently.
- Accept payments online (Visa, Mastercard, ApplePay, Discover)
- Best payroll features (Direct deposits, Automated tax filing, Employee portal)
Cons:
- The software is a bit pricey compared to other options on the market.
- The payroll addon is extra $20/mo +$3/employee/mo
- After subscription cancellation, you can access your records only for a year
Sage 50 cloud
Sage 50 cloud software is apt for all medium and small-size business who need accounting software for managing their business. One can efficiently manage their taxes, invoices, data management, e-commerce, budget, inventories, etc. using this software which is compatible with mobile phones making it an easy option for you to choose for your financial management. Another advantage of using this software is that it can combine desktop features with cloud enabling you to store data in the cloud simultaneously while performing other tasks.
Wave Accounting
Wave is an invoicing and accounting software founded in 2009 in Toronto, Canada. They offer small businesses free accounting and invoicing services. Wave Accounting is one of the most affordable accounting software out there, and it comes with numerous features that make it a competitive option for small businesses. It offers a user-friendly interface and is simple to use with just a few simple clicks.
It’s easy to set up, and even employees with no prior accounting experience can learn and manage it. Wave accounting helps you to charge your clients online and process Mastercard/Visa/American Express payments. However, they charge a small fee per transaction. In addition, growing companies with employees have to pay for the Payroll package, which is an extra addon.
Pros:
- Wave Accounting is free software.
- Perfect for small businesses with no employees
- It’s easy to set up and use, which means less frustration if you’re new to an accounting software package.
- It’s very user-friendly and has several helpful features like report templates, reminders, and invoicing options.
Cons:
- Payroll is a paid addon.
- Credit card processing fees.
- No time tracking option
- Lacks inventory management
Freshbooks
Fresh book software makes it easy for accounting and in turns makes the financial management and planning process more accessible. It helps the users to subscribe and recur the invoices in a trouble-free way. With the help of fresh books, one can make their online payments as well with the help of credit cards, debit cards and other applications such as Google pay and Paypal as well. Fresh books are simple but are a powerful tool with advanced features that increase the work performance quality. It can be well optimized for your mobile phones, and thus you can have it handy anytime and anywhere. Another feature of this software is the ability to track all your payments and bills which can help you to take a summary of all the current and previous payments that you have made.
Xero
Suppose you’re looking for cloud-based software to aid you in managing your business accounts. In that case, Xero is the accounting software for you. Xero software revolutionizes the daunting process of accounting by designing a super simple and easy tool to use.
Perfect for micro-businesses, the software has a straightforward interface making it easy to set up and navigate. Headquartered in New Zealand, Xero has become a favoured accounting software in the UK, US, Australia, and Canada.
Xero quickly gained ground by offering reliability, ease to use, and powerful features at a reasonable price. The company targets small business owners or companies that require critical accounting functions and doesn’t include many advanced features; for example, the payroll feature is minimal. As a result, Xero can be great if you need an accounting package that works well on its own without any extra bells and whistles.
Pros:
- Flexible pricing plans make this software accessible for businesses with smaller budgets.
- Xero has received numerous awards and an “A+” rating from the Better Business Bureau, so you can be sure that it’s reliable and safe to use.
- Its simple interface is handy for both novice and experienced users.
- Designed for users without an accounting background, so it is one of the most user-friendly software.
Cons:
- Xero isn’t the best package if you’re looking for a comprehensive accounting system.
AccountEdge Pro
AccountEdge Pro is desktop accounting software for small businesses founded in 1989 and has developed new features and enhancements over the years. If you need to access your finances on the go or from your smartphone, you can use their cloud-based app or their hosting platform. It’s geared toward small to medium-sized businesses, has a basic version and a pro version, and offers comprehensive accounting solutions full of customizations.
We chose AccountEdge Pro as our best accounting software for experienced accountants because of its robust features and reporting capability. It’s a bit more complex than some of the other software, so this software works best if you’re already familiar with accounting terminology.
AccountEdge Pro’s features include:
- Bank feeds with integration
- Direct deposit
- Inventory management
- Payment processing
- Turn quotes into invoices
- Customer and vendor management
- Full-service payroll
- Free accountant copy
- Data sync with company files
Pricing for AccountEdge Pro is as follows:
- AccountEdge Basic: $149 one-time fee, $199 per year for one user
- AccountEdge Pro: $499 one-time fee, $199 per year, and additional fees for licenses and add-ons such as payroll services, checks, and credit card processing
To find out more about what features are included and how much add-ons cost and to add custom features, it’s best to contact the company directly.
Zoho Books
Zoho Books is an exceptional business accounting tool that appeals to small and growing businesses. After all, it’s a cloud-based tool dedicated to integrating online productivity apps.
Zoho’s primary advantage is its ecosystem, where many other Zoho applications can be integrated and managed from the same account.
Besides accounting software, Zoho provides Mail, CRM, Marketing and other business tools.
It features automated processes such as payment reminders, notifications for certain transactions and workflows, and report scheduling.
Pros:
- Zoho Books is very affordable and easy to set up.
- Other Zoho software has integration with Zoho Books.
Cons:
- Zoho is not a Canadian company, so it may need extra customization for Canada, for example, setting up correct taxes
OnPay
If you are looking out for options to ease your payroll management task, then there could be no other better software than the Onpay accounting software. From small-scale business to medium size business, all can use this software to ease up their payroll solutions. Apart from managing your payrolls, it also helps you in payments and tax filing. The finance managers can keep an account of the streamlined payroll of the company and directly make the salary transfers to their respective account of the employees using the direct deposit option. OnPay offers improved payroll compliance and also provides health insurance benefits which you can acquire by seeking assistance of the insurance brokers.
GoDaddy
Established in Baltimore, Maryland, in 1997, GoDaddy is a big name in the web hosting and website creation space, but it also offers accounting software for small businesses. It has tools to automate and organize your bookkeeping and accounting solutions and requires no prior accounting knowledge. You can automatically create and send invoices, accept online payments, and view business reports.
We chose GoDaddy as our best accounting software for an e-commerce business because this is exactly what the software is designed for. It’s made for e-commerce sellers, so you can get started in a few minutes, and it syncs to Amazon, Etsy, eBay, PayPal, and more. Keep in mind that GoDaddy is great for online sellers, but may fall short if you’re a small business looking for comprehensive accounting solutions including automation, tax forms, and payroll.
GoDaddy’s features include:
- Syncing with online retailers
- Online payment processing
- Track sales and expenses
- Create and send invoices
- Recurring invoices
- View business reports including profit and loss
GoDaddy’s pricing is tiered as follows:
- Get Paid: Starts at $4.99 per month and includes invoices and estimates, accepts payment from your smartphone, tracks mileage and time, and current-year business reports
- Essentials: Starts at $9.99 per month and includes everything from the Get Paid tier plus unlimited business reports, automatic credit card imports, and sales data imports
- Premium: Starts at $14.99 per month and includes everything from the Essentials tier plus recurring invoices
Conclusion:
Essentially running a small business accounts software canada is a difficult task for any beginner entrepreneur who does not have much experience about managing a company. For this type of entrepreneur, it is advisable to manage the small business in a simple way so that he will be able to learn the ways of accounting in a better way.