Business owners are always looking for ways to make their business operations more efficient. Small Business Accounting Software Online provides them with the functionality to accomplish this goal. This type of software is available to all business types, including Small Business Accounting Software Online, or accountants.
Small businesses can do many things when they want to grow in terms of production and development. But it is not always easy to manage all aspects especially when you are still starting. Hence, the need for you to have small business accounting software online so that it would be easier for you to track your spending, income, sales, tax sessions.
Best Accounting Software For Freelancers: QuickBooks Self-Employed
QuickBooks Self-Employed | Visit SiteRead our Review |
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QuickBooks Self-Employed is tax software designed to help freelancers with basic bookkeeping and tax support. While QuickBooks Self-Employed isn’t exactly accounting software, it offers easy bookkeeping and tax support for freelancers.
QuickBooks Self-Employed is best for freelancers, contractors, and other self-employed individuals needing basic bookkeeping and tax support. QBSE is ideal for managing estimated quarterly taxes and maximizing deductions.
Pros
- Designed for freelancers
- Good tax support
- Easy to use
- TurboTax integration
Cons
- Limited invoice features
- No state tax support
- Unscalable
QuickBooks Self-Employed Pricing
There are three pricing options for QuickBooks Self-Employed. There’s a $15/month plan that includes all of the software’s features. Going with the $25/month plan adds a TurboTax integration, so you can easily file your self-employment taxes. The $35/month plan includes live tax support from a CPA.
QuickBooks Self-Employed Features
QuickBooks Self-Employed is well-organized and easy to use. The features help simplify estimated quarterly taxes and allow freelancers to manage their expenses and track deductions.
This software also makes it easy to separate personal and business expenses, which is ideal for freelancers who don’t have a designated business bank account. Like Wave, QuickBooks Online also has a built-in lending feature called QuickBooks Capital that helps small businesses gain access to working capital to manage their cash flow.
Additionally, QuickBooks Self-Employed offers:
- Invoicing
- Fixed asset management
- Schedule Cs
- Tax checklist
QuickBooks Self-Employed offers a small number of integrations, but the Turbo Tax integration is the best part of the software by far. This integration makes self-employment taxes a breeze and makes it easy to file taxes online.
Unfortunately, QuickBooks Self-Employed is known for poor customer service. With no phone support and limited additional resources, it can be hard to find help, though the company is working to improve this. There is a live chat feature, a redesigned help center, and a small business resource center with helpful business advice.
While QuickBooks Self-Employed is a great option for managing your federal taxes, our one concern is that the software lacks state tax support. That means you’ll have to find another way to file state taxes.
When To Use QuickBooks Self-Employed
If you’re a freelancer looking for a way to manage your finances and taxes, QuickBooks Self-Employed could be a good option for your business. The software is easy to use, and the QuickBooks app allows for quick access to your data.
To learn more about this software, read our complete QuickBooks Self-Employed review. If you’re already convinced, sign up for a free trial, or start using the software today.
OnPay
Pricing: Starts at $36/month plus an additional $4/user
OnPay can help you automate tax filings, enter payment data, and manage benefits including compensation insurance, health insurance, and 401(k). It also offers unlimited payroll runs for W-2 and 1099 workers.
And, OnPay can estimate your payroll taxes, manage tax form filings, and even pay your taxes. A bonus here? They’ll also take responsibility for any tax filing errors committed while using the product.
Best for Businesses Looking for a Payroll-Centric Solution
OnPay’s area of expertise is reflected in its name. If you’re a small- to medium-sized business that needs help streamlining payroll and entering payment data, you might consider investing in OnPay. That’s not to say the rest of its features aren’t impressive — it’s just to say that the solution fits businesses interested in a payroll-centric solution particularly well.
Accounting Seed
Pricing: Available Upon Request
Accounting Seed offers subscription or recurring billing options, has a secure and reliable API, and works with your company to link critical business applications and bank accounts for real visibility into the financial state of your business. And it automates many of the menial tasks that eat up your day.
Best for Businesses Looking for a Solid Cloud-Based Platform
It’s also a cloud-based platform, meaning you can log in anytime, anywhere — giving you a degree of flexibility and mobility that you might not be able to find with every solution on this list. The platform also lends itself to easy collaboration, offering data visibility to any stakeholders at your business.
Sage Business Cloud Accounting: Best user-experience runner-up
3.9
- Starting at $10.00/mo.
Low starting price
Unlimited users ($25.00/mo. plan only)
Automatic bank reconciliation
Data as of 11/5/21. Offers and availability may vary by location and are subject to change.
Sage Business Cloud Accounting’s cheapest plan lets you create invoices, track amounts owed, and automatically reconcile your bank accounts. If you’re willing to pay a bit more ($25 a month), Sage adds unlimited users, quotes, estimates, cash flow forecasting, and purchase invoice management. Unfortunately, Sage charges extra for receipt scanning, a feature competitors like Wave, FreshBooks, Xero, and QuickBooks include for free. And Sage’s pricier plan has fewer features than, say, Xero’s cheapest plan (though Sage doesn’t limit your monthly invoice amount).
Other Sage products
If you like Sage’s platform but are looking for more fully featured plans with intense support and automation, Sage Intacct could be a good pick. It’s also our top accounting software recommendation for nonprofits. We also like other versions of Sage for construction company accounting (as do many construction professionals themselves).
ZipBooks
Pricing: Free; More Robust Features Starting at $15/month
With ZipBooks, you get invoicing and billing features such as auto-billing and payment reminders to decrease your admin work. You can also utilize their competitive intelligence to make data-driven decisions about your finances.
Best for an Exceptional UX
One of ZipBooks’ biggest draws is its best-in-class user experience. Its straightforward, color-coded interface offers accessibility without sacrificing powerful functionality. If your business is looking for a solution that gets the job done without being overly elaborate, check out ZipBooks.
Conclusion
There are some universal truths about small business owners, one of which is that they all hate doing bookkeeping. It’s not their favorite part of the job. Most choose to outsource it, by either hiring someone to do it for them or using cloud-based accounting software online.