In managing small business accounting, you need a software that can handle everything. The Easiest Software for Small Business Accounting is designed to be the easiest accounting software to use and learn. The Microsoft Small Business Accounting software enables you to make informed decisions to keep your business running smoothly. Its features include inventory control, invoice wizard, bank payment tracking, sales tax calculator and more.
Easiest Software for Small Business Accounting offers an affordable alternative to small business accounting for Mac users. This software aims to help small business owners, startups and freelancers like graphic designers and photographers manage their businesses. Easiest’s most popular features include invoicing, inventory control, sales tax tracking and managing employees. Tracking is easy with QuickBooks integrations that offer paperless accounting.
ZipBooks
Pros:
- Ability to send unlimited invoices, manage unlimited vendors and accept digital payments.
- Task, time and project tracking.
- Can work with third-party online payment platforms.
Cons:
- Payments and payroll integrations cost extra.
- Overall lack of integrations with other platforms.
- Lack of advanced features.
Why we like it:
ZipBooks provides a great set of features at a price that works for small-scale businesses or companies in their early stages that don’t necessarily need much in order to manage their finances. ZipBooks’ Starter plan is free, with two higher-level tiers that include more sophisticated features for a flat monthly fee, as well as a custom-priced Accountant plan. The ZipBooks Starter plan includes unlimited and customizable invoices, estimates and price quotes. You’ll also get a virtual dashboard to keep track of your business’s outstanding and paid invoices, as well as your overall finances. Plus, if you like ZipBooks Starter, you can always upgrade to a more feature-laden plan as your business grows.
There are a few downsides to ZipBooks, however. You’re limited to one bank account connection, unlike other free accounting software platforms that are more generous. If you want to use ZipBooks’ integration with Square and PayPal, you’ll have to pay credit card processing fees, just as you would with Wave.
Akaunting
Pros:
- Open-source software means you can customize however you want.
- Extensive library of integrations.
- Robust user support via online forums.
Cons:
- Design is not as intuitive as other platforms.
- Advanced features cost extra.
- Not as ready-to-use as other options.
Why we like it:
Akaunting is an open-source accounting platform that has the capability for customization, primarily through its library of add-ons. The primary features are available right out of the box: You can invoice, track receipts and take care of the everyday needs of your company’s finances. Plus, with a robust library of integrations, you can build your own Akaunting setup with a degree of customization other free platforms don’t provide. However, you or someone on your team will likely need some coding knowledge to use this software to its full potential.
Zoho Books
Pros:
- Free version is feature-packed.
- Easy to upgrade to paid versions as your business grows.
- Easy to use.
Cons:
- Free plan available only for businesses with annual revenue of less than $50,000.
- Limits on the number of users, contacts and workflows for free plan.
- Free plan provides email support only. (Paid plans include email, voice and chat support.)
Why we like it:
Zoho Books provides an easy way to manage your business’s books from anywhere. This software allows you to handle a variety of accounting tasks, including creating and sending customized invoices and estimates, plus reminder emails for overdue invoices and simple conversion from estimate to invoice. As long as your business’s annual revenue is less than $50,000, you can use the free version for as long as it makes sense for your business. And if you use Zoho’s other business apps, you can integrate them all seamlessly. Outside of those, though, you are somewhat limited in terms of third-party integrations.
Money Manager EX
Money Manager EX is an open source accounting software that is delivered for free. The software is very easy to use especially for your everyday use.
The software helps you keep track of your cash flow and budget. You can import a CSV document to the software from your bank to get started.
TurboCASH
With TurboCash it’s all about quality financial reporting. This accounting software is good for both small and medium enterprises. Using this software you will be able to handle multiple companies and reconcile every account whenever you want to for a group of companies.
You can deal with multiple VAT, creditors, debtors, bank, inventory, sales, and other relevant accounts using one software.
SlickPie
SlickPie has its user experience on a different level with revenue charts, spending graphs and bank account activity all visible on the home page. This accounting software is not entirely free, it is, however, very easy to use and come with value-added services that one can subscribe for at a fee.
If your business is online then you can use SlickPie’s payment processing system to allow payments on checkout. SlickPie has many services and the services are beyond accounting, many of these services are charged so if you really need additional services from SlickPie then you just have to pay for the service.
QuickBooks Self-Employed
QuickBooks Self-Employed accounting software is our top choice for part-time freelancers and independent contractors who primarily want to track their income and expenses for their tax return. This software is designed for business owners who file a Schedule C on their individual tax return.
Without keeping up with business activity using a software like this, freelancers would need to dig through all of their bank and credit card statements to add up their income and expenses at the end of each year, which can be quite daunting. QuickBooks Self-Employed will total up all business transactions automatically.Pros
- Cloud-based
- Mobile app
- Track mileage
- Differentiate between business and personal expenses
- Syncs with TurboTax
Cons
- Data cannot be easily transferred to other accounting software
- Limited reporting
- Limited invoicing functionality and customization
QuickBooks Self-Employed is an Intuit product with a cloud-based online interface and a mobile app. This software was created to help freelancers stay organized each year for tax season. Features of QuickBooks Self-Employed include tracking mileage, sorting expenses, organizing receipts, sending invoices, and estimating and filing taxes seamlessly through TurboTax.
Users can choose between three plan options: Self-Employed at $15 per month, Self-Employed Tax Bundle at $25 per month, and Self-Employed Live Tax Bundle at $35 per month. There is a 50% discount for the first three months. The two tax bundles include a TurboTax subscription for income tax filing. The Self-Employed Live Tax Bundle also gives you access to a CPA to answer questions throughout the year and during tax season. The CPA will also perform a final review of your tax return in TurboTax prior to filing.
The mobile app makes it easy to track mileage while driving and capture photos of receipts for business expenses. Most accounting software is not designed to separate business transactions from personal transactions, but a special feature of QuickBooks Self-Employed provides an option to mark each transaction as business or personal. This is helpful for freelancers who don’t have a separate bank account for their business activity.
Conclusion
Easiest Accounting is an off-line accounting software for small business and self-employed professionals. It is designed for personal accounting and handles accounts receivable, accounts payable, inventory management, general ledger, statement reconciliation, intercompany transactions and purchase orders. Its small business accounting software is fully compatible with Microsoft Windows 10/8/7/Vista/XP.