If you are a small business owner or manage a medium to big size company, it is crucial to keep track of all the money moving in and out. Being able to know where your money is going can help you make better business decisions. When it comes to accounting, software plays an important role that can’t be ignored. You use accounting software for day-to-day bookkeeping functions. It allows you to create financial reports for your small business, which are necessary to decide how to use your funds most efficiently.
GnuCash
If you want to take control of your personal expenses, you can jot everything down on a notebook – as your grandparents did – or simply let your computer help you with GnuCash.
GnuCash is a complete accounting application for personal and small business finances. It’s got all the tools and options you would expect from this kind of program, but at the same time, it’s easy enough to use for those of us who don’t have a particularly good relationship with numbers.
expenses. A step-by-step wizard helps you set up the program the first time you run it, and also lets you add fixed categories to organize information, according to the way you usually spend money.
GnuCash can work with virtually any currency in the world and also lets you import data from other financial software in QIF or OFX formats. The only drawback to this handy app, if any, is the massive 285 MB it’s going to take in your hard drive.
PROS
- Easy accounting for home or small business
- Includes loads of preset categories
- Can import data from other accounting apps
- Intuitive configuration wizard
CONS
- It takes almost 300 MB in your hard drive
ProfitBooks
ProfitBooks is fastest growing & amazingly simple to use online accounting software. It lets you create beautiful invoices, track expenses and manage inventory without any accounting knowledge.. You can easily share the transaction data with your accountant. Know whats going on with your business with just few clicks & take better decisions.
Benefits
With ProfitBooks accounting software, you can create professional estimates or invoices and track outstanding payments due with few clicks.
- Create beautiful invoices
- Receive online payments using payment gateway
- Record advance payments
- Track accounts receivables with sales reports
Track Inventory With Ease
From Purchase To Sales, Track Entire Inventory Lifecycle
Whether you are manufacturing, distributing, selling, servicing, or just managing the inventory, ProfitBooks can handle all your business processes with ease.
- Simplify purchase workflow with POs
- Track manufacturing processes
- Maintain product batches
- Track inventory flow at multiple warehouses
- Easily find low stock using powerful reports
Run Your Business With Total Confidence
ProfitBooks is the best bookkeeping solution for your business. Apart from recording income & expenses, you can record journal entries and manage taxes.
- Generate detailed tax reports
- Colloborate with your accountant online
- Record manual journals
- Track business expenses
Vyapar
Small businesses deserve a digital upgrade. From managing accounts to generating invoices, you need all the help that you can get in all your accounting processes, especially if you are short on staff. Vyapar is an app designed to assist small businesses in India. Using this business software, you can get simplified accounts, inventory, and more. If you are looking for a permanent solution to your inventory problems without the unnecessarily bulky and complicated accounting apps, this is it.
Vyapar is a combination of accounting, invoicing, and inventory software. It lets you track your daily transactions as well as cash-ins and outs. Besides that, you can create your personalized GST-compatible invoices and manage your cheques and bank accounts. The app enables you to create professional GST bills that you can share with your customers. It has bill formats and invoice templates that you can choose from, so you don’t have to do it from scratch. As Vyapar is compatible with all types of printers, you can print these bills and invoices easily. Apart from this, you can also scan various barcodes directly from the app by simply plugging in a barcode reader.
Vyapar is a great app to have if you are a small business owner. The app comes rich with features which can help you get a better handle of your stock and finances. These features are laid out simply so as to not confuse you with how each accounting process is done. All things considered; this app is an ideal solution to fulfill all your business accounting needs.
PROS
- Rich in Accounting Features
- Designed for Small Scale Businesses
- Keeps You Updated on Anything GST Related
- Easy to Setup and Use
CONS
- Inventory Management Feature Sometimes Does Not Match with the Actual Inventory
- Not Optimized for Unique Products
- Lack of Cost Averaging Option in the Inventory
- No Multi-User Option
Express Accounts Business
Express Accounts Business is professional accounting software that makes bookkeeping simple and easy. Developed by NCH Software, it enables users to organize, monitor, and report incoming and outgoing cash flow, including sales, receipts, purchases, and payments. It comes rich with accounting tools perfect for both small businesses and enterprises alike. When you need to keep your business competitive, this app can deliver the standard accounting performance that you need.
Express Accounts Business is a tool that can meet the needs of small businesses. One of the many benefits that you will get from the app is its ability to create reports, such as incoming statement analysis, invoices, balance sheets, and cash flow statements. It has preconfigured report templates ready for your data. You only have to fill in the necessary information, and it will show you the figures you need to see.
Express Accounts Business also comes with General Ledger and Journal, as well as Balance Sheet, which are all tools that let you print checks and do basic inventory. Moreover, you can use the app to email quotes, monitor mileage, and even learn your customers’ spending habits. All files made can be saved as PDF or CSV files. The software also allows users to email or fax them without exiting the program.
Express Accounts Business comes with web access, allowing for multiple users at a time. It also integrates with Inventoria, which is an inventory management tool that maintains inventory data across all aspects of your business. However, while the app may be for small businesses, it is a little hard to learn if you haven’t used it before and there are no tutorials available to help you through.
PROS
- Wide selection of accounting tools
- Provides preconfigured bookkeeping templates
- Secure web access for multiple users
- Easy book organization
CONS
- Hard to learn for beginners
- No tutorial provided
Conclusion
Starting a small business is something that you want to do with the passion of serving people or making money. You need to understand that there are many things that you need to consider when starting up your business. For instance, the most important thing is to make sure that everything is organized including your tools. Getting your own business account helps make sure that your financials are organized which will lead you to have a successful business.