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Accounting Software for Small Business Quebec

You run your business day to day with little time on accounting. If you have done the paper-based recording in the wrong way, you could be in a big trouble when it’s time to financial reporting. Small business accounting software is designed to simplify your recordkeeping and financial statement preparation. It can even automatically capture most of your business transactions, allowing you to focus less on bookkeeping and more on running your small business.

If you are starting your own business, you will have to hire someone to do all your bookkeeping for you. The only problem is that bookkeeper is probably not going to be cheap. But there are a lot of great accounting software solutions out there that can help small businesses with their bookkeeping on the cheap.

Free Agent

Free agent software is designed for the small business firm accounting and fledges them with all the essential accounting tools that they may be in need of. Using the intuitive navigation commonly known as the ’overview’ option, one can have the display of all their projects and time slips stored in the software. Another feature of this software that you would love to use it is its categorization functionality which helps you to segregate your expenses based on the different categories. You can also track all your expenses and facilitate payments using this accounting tool.

Zoho Books

If you have a small business and are in search of accounting software that can manage your finances and cash flow, then Zoho Books can serve you at its best. They are hassle-free and easy to use and helps the user to make easy business decisions. Apart from this they are safe to use and offers highs security to the data and can help you to keep track of all your expenses on a project. This accounting software provides proper support and facilitates payments and invoice management through the online mode giving the user full control over the financial management errand. It also offers automatic bank feeds and payment notifications which enables the user to never miss out an important message from their client.

Xero

Looking for revolutionized accounting? If you are also in search of the same, then Xero accounting software is solely designed for you to make your accounting experience super easy and simple. May it be book accounting or managing your spreadsheets or even your bills, Xero can work out the magic for you with its specific features that you would not like to miss out in any case. Xero software is easy to set up and can efficiently manage your stocks and inventories for you to own all your records and transactions.

QuickBooks Online

QuickBooks Online is the best overall accounting software for small businesses of those reviewed. Not only do the majority of small business accounting professionals use QuickBooks Online, but there are also endless online training resources and forums to get support when needed. All accounting features can be conveniently accessed on one main dashboard, making bookkeeping more fluid and efficient.Pros

  • Scalable
  • Commonly used by accounting professionals
  • Integration with third-party applications
  • Cloud-based
  • Mobile app

Cons

  • Upgrade required for more users
  • Occasional syncing problems with banks and credit cards

Intuit’s QuickBooks Online has been the most common accounting software used by small businesses and their bookkeeping and tax professionals. The software is cloud-based and can be accessed through a web browser or through the mobile app.

After the 30-day free trial, the four options for subscription plans include: Simple Start at $25 per month, Essentials at $40 per month, Plus at $70 per month, and Advanced at $150 per month. Typically there is a significant discount offered for the first few months, and some accountants are able to offer wholesale pricing to small businesses, as well. 

The monthly subscription for this software can be upgraded as a business grows, and there are many customization options with the mobile app that can be used to receive payments, review reports, capture an image of a receipt, and track business mileage. For businesses looking for a payroll solution, QuickBooks Payroll fully integrates with QuickBooks Online.

Each plan offers more advanced features like inventory management, time tracking, additional users, and budgeting. Most service-based small businesses will find that Simple Start meets all of their needs. For product-based small businesses, Essentials or Plus will have more options for inventory and customizations. The Advanced subscription is a new offering and provides robust financial reporting that is powered by Fathom. Fathom is an elite online financial report analysis tool used by many large companies all over the world.

All plans allow integration with third-party apps such as Stripe or PayPal. QuickBooks Online’s app store breaks down all of their apps by function and provides helpful examples of the benefits of each app.

AccountEdge Pro

AccountEdge Pro is desktop accounting software for small businesses founded in 1989 and has developed new features and enhancements over the years. If you need to access your finances on the go or from your smartphone, you can use their cloud-based app or their hosting platform. It’s geared toward small to medium-sized businesses, has a basic version and a pro version, and offers comprehensive accounting solutions full of customizations.

We chose AccountEdge Pro as our best accounting software for experienced accountants because of its robust features and reporting capability. It’s a bit more complex than some of the other software, so this software works best if you’re already familiar with accounting terminology.

AccountEdge Pro’s features include:

  • Bank feeds with integration
  • Direct deposit
  • Inventory management
  • Payment processing
  • Turn quotes into invoices
  • Customer and vendor management
  • Full-service payroll
  • Free accountant copy
  • Data sync with company files

Pricing for AccountEdge Pro is as follows:

  • AccountEdge Basic: $149 one-time fee, $199 per year for one user
  • AccountEdge Pro: $499 one-time fee, $199 per year, and additional fees for licenses and add-ons such as payroll services, checks, and credit card processing

To find out more about what features are included and how much add-ons cost and to add custom features, it’s best to contact the company directly.

Freshbooks

FreshBooks is a popular cloud-based accounting service designed specifically for small business owners.

The package has plenty of features – invoicing, expense tracking, time tracking, a host of business reports, even an option to take credit card payments – and a straightforward interface aimed at non-accountants ensures you’ll be up-and-running right away.

Despite the simplicity, there’s real depth here. You can bill in any currency, save time by setting up recurring invoices, allow customers to pay via credit card by checking a box, and even automatically bill their credit card to keep life simple for everyone.

If you need more power, the system integrates with many other services, including PayPal, MailChimp, Basecamp, WordPress, Gusto, Zendesk and more. 

Management hassles are kept to a minimum. You’re able to access and use the system from your desktop or its free iOS and Android apps, and because it’s a cloud-based system there’s no need to worry about backups.

If this sounds appealing, you can try FreshBooks for 30 days without using a credit card.

Freshbooks’ unique feature is that you can customize your invoices to complement the look and feel of your branding, and it is one of the software’s best-selling points. In addition, Freshbooks integrates with a massive number of 3rd party software, such as Shopify and Stripe, so if you have a sizeable online presence, it makes sense to look into Freshbooks offerings.

However, it’s not the most comprehensive accounting package, so don’t expect to perform payroll or taxes directly from FreshBooks.

Pros:

  • Easy to set up and affordable; 
  • FreshBooks is very user-friendly.
  • Best software for creating invoices

Cons:

  • Accounting features are pretty limited.

Sage Business Cloud Accounting

If you’re looking for a solution that’s simple to set up and use, then Sage Business Cloud Accounting might be the right choice for you. The software comes with two options: desktop with cloud storage and online software. It makes it ideal for accounting professionals who regularly travel and do not always have internet access, and they can access their data without an internet connection. The software has a standard set of accounting features, such as invoicing, payroll, payments. Furthermore, it integrates with the Microsoft 365 platform, so if you are already using Microsoft 365, you may get extra benefits from choosing Sage 50cloud Accounting.

Because this accounting software has all the capabilities of QuickBooks Online, but for the half price, it might be worth checking out as well. 

Pros:

  • A cloud-based system makes setup easy with no installation required.
  • Sage Business Cloud Accounting is user-friendly and allows you to create invoices and invoice customers quickly.
  • You get 24/7 support from Sage.
  • College students who study business accounting learn Sage, so find an accountant with Sage Accounting experience would be easy.
  • It is a more affordable option comparing to Quickbooks. 

Cons:

  • It may be a little more complicated to use and less intuitive
  • You may spend more time learning this software comparing with other options.

Wave

A top free accounting software to consider from the start of your search is Wave accounting software. Through this option, you’ll be able to connect unlimited bank and credit card accounts to your books. You’ll also be able to add unlimited income tracking, expense tracking, and guest collaborators for free. Plus, you’ll be able to invoice and scan receipts for free as well.

Be sure to note, though: If you want your invoiced customers to be able to pay online directly through the invoice, you’ll need to pay for that. Wave charges 2.9% + $0.30 for each credit card payment and 1% (with a minimum of $1) for each ACH payment. You’ll also need to pay for payroll through Wave. Depending on where you do business, you’ll pay a monthly base fee of either $35 or $20, plus $4 per employee and contractor on your payroll.

Conclusion:

If you don’t want to do calculations, but want to avoid paying an accountant, you may use the small business accounting software. It is designed to keep track of your business income and expenses. Most of it can simplify the accounting process. And they can offer you more efficiency and accuracy than a manual system…

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