On the Internet, it is now possible to find all sorts of information about Small Business Accounting Softwares and their uses. Many websites focus on giving you as much information as possible and discuss what they can do for your business and why they are better than anything else out there. This is a great way for you to find solutions to your problems.
There are a number of small business accounting softwares out there for your business. They range in prices and functionality, but the best ones tend to run a little higher.
GoDaddy Online Bookkeeping: Best for Online Merchants
GoDaddy Online BookkeepingGoDaddy Online Bookkeeping integrates sales data from Amazon, Etsy and PayPal. You can generate reports and make business decisions based on real-time information.There are three pricing plans that cater to different-sized businesses and merchants.GoDaddy Online Bookkeeping was designed for sole proprietors and limited liability companies; larger businesses may need a program with more accounting features.COMPARE QUOTES
The sales channels are blurring for small business owners who must manage both online and offline sales, which is why it’s important for those businesses to have an accounting program that can keep all of those transactions together. GoDaddy Online Bookkeeping stands out in that regard, thanks to integrations with marketplaces such as Amazon , Etsy and PayPal; the ease with which you can send invoices and accept payments; and the ability to run a slew of reports. Plus, you get all of those features at an affordable price, making GoDaddy Online Bookkeeping our choice for the best accounting software for online merchants.
Editor’s score: 7.75/10
Kashoo
Best hassle-free accounting software for small business users
TODAY’S BEST DEALSVISIT SITE
REASONS TO BUY
+Multi-currency support+Neatly designed dashboard
REASONS TO AVOID
-No Android mobile app-Basic in some areas
Choosing an accounting package often involves browsing a complicated comparison table, looking for hidden catches and trying to figure out which is the best product for you. Kashoo avoids all that and delivers just about everything you’re likely to need.
Kashoo shines when it comes to multi-currency support, an important feature for today’s global economy. It also supports credit card transactions for all the major carriers such as Amex, Visa and Mastercard – at a competitive fee.
You also benefit from unlimited invoices and connections to over 5,000 financial institutions to reconcile accounts online. We liked the uncluttered interface of this product, and the dashboard that provides a good summary of your current financial situation at a glance.
Kashoo also offers customer support across the gamut of email, phone, live chat and social media – this company will even respond to an old-fashioned letter! One current shortcoming to note, however, is that there is only a mobile app for iOS, leaving Android users out in the cold for the time being. Kashoo offers a 14-day trial for those looking to test the service out.
FreshBooks
» Why You Should Buy This:
FreshBooks has all it takes to make invoicing and accounting a breeze for your business. Regarded as one of the best accounting solutions, it can suit your distinct business accounting needs through its impressive and relatively simpler customization functions. Whether you work on your own, with contractual employees or a full-time workforce, it cannot just track but also handle your books and transactions both online and offline.
In addition to that, FreshBooks simplifies cash flow management and supports a double-entry accounting system, taking the hassles out of your everyday bookkeeping. And since it includes time tracking as well, you can easily turn the hours you’ve worked into an actionable invoice!
» Who Is It For:
FreshBooks has been designed to suit the accounting needs of businesses owners and entrepreneurs. It particularly fits in the ideal accounting software for small businesses’ definition, irrespective of their industry. Whether you are a self-employed professional, freelancer, or a business with employees and contract workers, it makes managing every penny coming in and going out more effectively. In other words, you can track your supplies and pay for them as swiftly as you can manage projects using the software.
It is a perfect choice for businesses that need to monitor time, income and expenses consistently.
» Why We Picked It:
We picked FreshBooks as #1 on our list since it is an established accounting software solution provider with a user base of over 24 million globally. The system is rich in features, and at the same time, easy to use for a novice. It comes in with an active support team, ready to assist you whenever you need them.
The system is also available as a mobile application, letting you seamlessly take your accounts wherever you go. The fact that FreshBooks provides hassle-free integrations with more than 100 other tools, such as Slack, MailChimp, Stripe and Gmail, also made us shortlist it.
» Pricing Details:
You can choose one out of FreshBooks’ four pricing plans to get started:
› Lite costs about $7.50 a month
› Plus costs around $12.50 per month
› Premium costs about $25 a month
› Select plan is available at custom pricing
All the plans are also available for an annual package. You can also opt for a free 30-day trial of your preferred package, containing full features.
» Pros and Cons:
Pros:
› Comprehensive accounting and invoicing software for business owners
› Sleek, professional invoicing that merely takes seconds to generate
› Efficient organization of income and expenses, making you ready for the tax season
› Ability to track time and automatically put those working hours into the invoice
› A single place that holds every communication, feedback and file, enabling prompt collaboration
› Smart reporting functions
› Accurate books complying with all the regulations, fostering informed business decisions
› Anytime, anywhere access
› Integrations with 100+ third-party tools
Cons:
› With add-ons, it can stretch your budge.
› The Lite plan allows only five billable clients.
» Reviews & Ratings:
FreshBooks is one of the very few popular small businesses accounting software with excellent functions, an easy-to-move-around interface, and proactive support. It has garnered an impressive rating of 4.5 on GetApp, speaking volumes about its efficacy. Here’s what its users are saying from across the world:
» Capterra: 4.5/5 » G2crowd: 4.5/5 » GetApp: 4.5/5
» Conclusion:
To conclude, we’d like to highlight that FreshBooks offers a wholesome package to make accounting simpler for non-accountants out there. At the same time, though, it packs in enviable advanced functions to appeal to the seasoned accountants to keep using this system.
“Freshbooks is a simple and straight-forward accounting solution. The biggest benefit we receive is how easy it is to send invoices and get paid online. Freshbooks makes this a lot easier than some of the other solutions we’ve tried over the years. Customer service – it’s amazing.”
– Richard I.
Conclusion
Small business accounting software is one of the most important tools for small business. Accountants charge you around $100 per hour, therefore, many small businesses think that they don’t need an accounting software. However, this is not true. I have worked in variety of different industries and have seen that even the biggest corporations use the accounting tools to file their taxes. Small businesses also need to have proper accounting tools to manage their finances successfully.