From the entrepreneur to the small business man, it is a common theme. They all want a better life and a financial stability for themselves and their family. And, those who pursue this dream will start a business from the ground up. Naturally, no one wants to have their money just sitting in a bank account, but they also may not have the time or knowledge to handle their own finances. That’s why small business accounting software exists. It combines the best parts of bookkeeping services and your small business’ financial management into one simple package that all businesses can enjoy.”
When it comes to accounting software for small business, there are numerous different options to choose from. Choosing the right accounting software should be an important decision because it can save you money and time down the road. I’ve tested out numerous small business accounting software over the years and below are my favorites.
ZipBooks
The best free accounting software around…
TODAY’S BEST DEALSVISIT SITE
REASONS TO BUY
+Modern interface+Unlimited invoicing
REASONS TO AVOID
-Advanced features bundled into paid tiers
ZipBooks offers accounting software that has a contemporary interface along with a robust feature set. It promises to make accounting easy so the user can save time, and get on with other tasks.
The Starter tier is available for free. It provides unlimited invoices to an unlimited number of customers, making it less restrictive than some other free accounting offerings. It can also be used for unlimited bookkeeping, and can accept payments from credit cards and PayPal.
Paid tiers include most of the features you’ll ever need, including advanced ones such as smart tagging, with advanced reporting and intelligence.
Patriot Accounting
» Why You Should Buy This:
With Patriot’s Affordable Accounting Software, you cannot just save your precious time but also a lot of money. The software allows uncomplicated imports of your trial balance, customer and vendor data while making it super easy for you to generate invoices and pay bills. The system is easy enough to comprehend and use by individuals who are not tech-savvy. However, it is also competent to handle the complex accounting needs of businesses.
With Patriot Accounting, you can accept payments via credit cards and set rules for transactions. To give you a precise stature of your financial standings, the system offers reports that are simple to understand.
» Who Is It For:
Patriot Accounting Software is perfect to use by both startups and established entities. Whether it is monthly accounts processing or invoice tracking, the software caters to even the smallest of accounting requirements of small business owners tactfully. It also suits well for those who are keen to take their accounts into their own hands. Since it is easy to use, there is no extensive training needed to get up and running.
» Why We Picked It:
We included Patriot’s product in our list due to its robust features packed in the environment of simplicity. The solution turns out to be a breather for every business owner who is worked up about tracking their finances, tax and compliance. Since it smoothly imports bank transactions, automatically, and creates smart reports, you always know where your business stands in terms of finances. It never lets you miss a payment and organizes everything in one place. Plus, there are no restrictions on the number of users or invoicing – something which is great for small businesses looking for value at lesser costs.
» Pricing Details:
Patriot’s Accounting Premium can cost you $25 per month. You can try its fully-featured free trial for 30 days before making an actual purchase.
» Pros and Cons:
Pros:
› An easy-to-use system that doesn’t require you to undergo mandatory training to use
› Automatic imports of bank transactions, customer and vendor details, saving your time and resources
› Unlimited bill payments and invoice generation
› Free support from its expert team whenever you need help
› Invoice payment reminders
› No limitations on the number of users
› Works for businesses across industries
› Tax-compliant functions, relieving your tax stress
› Reporting to offer accurate financial health of your business
Cons:
› Does not offer third-party integrations
» Reviews & Ratings:
Patriot Accounting is becoming a favorite among businesses worldwide for its effortless functionality and ease of use. Read the thousands of reviews to get to know what its users are saying about the system:
» Capterra: 4.7/5 » G2crowd: 5/5 » GetApp: 4.7/5
» Conclusion:
Patriot offers an affordable accounting system that caters to the growing needs of a business’s bookkeeping expectations. It is a good software that is continuously improving on the basis of the inputs provided by its users – accountants and business owners – alike.
“The software is simple. The reports are sufficient and easily exported. For a staff of 1-25 or so, you cannot beat the value. I had great experience with their service team. Patriot took us from our first employee up until we had a major expansion and went to 40 employees.”
– Kevin – Riff Cold Brewed Coffee
QuickBooks.
Intuit QuickBooks Online is one of the newest accounting software for small businesses and offers both cloud-based and on-premise versions. It provides a holistic solution for all accounting activities like accepting business payments, management, and payment of bills and payroll functions.
Key Features:
- Invoicing – create custom, professional invoices, sales receipts, and estimates that you can send in minutes
- Accounting reports – instantly see how your business is performing with customizable reports and dashboards
- Cash flow management – Enter bills from vendors and pay them only when due. You can schedule recurring payments as well to save time
- Expense tracking – record every expense for the month when you have to pay your taxes. You can also photograph and save receipts with the QuickBooks Online mobile app
- Inventory management – This is a module where you can view quantity on hand when you buy or sell inventory due to real-time updates. You can also access real-time inventory valuation, which is automatically adjusted throughout the day and lets you stay on top of purchase orders by keeping track of what you’ve ordered from each vendor.
Pros:
- Offers a 30-day free trial period
- Offers both on-premise and cloud-based deployment
- Extensive customer support available via phone, email, tickets, and live chat
- Takes automatic backups every day so that you’re always up to date
- Provides bank-level data security (128-bit SSL encryption) for security and integrity
- 24/7 access to accountants from any device
- Allows efficient, real-time collaboration between different team members and teams by providing unlimited access
- Bookkeeping software works with Windows, Mac, Android, and other operating systems
Cons:
- Doesn’t offer a free plan
- Supports only English
- Customer support isn’t available during weekends
Pricing:
Intuit QuickBooks Online provides five plans, starting from $4 month and ranging up to $45 per month. All Quickbooks Online subscription plans come with a 30-day free trial period.
Conclusion
Every business is different, but most tend to have the same software needs. They need something that can offer them the capabilities of a large company’s accounting software, but on a small scale, which makes small business accounting software more appropriate.