The idea of free accounting software for small business also tax maches as well as some other such as depreciation, inventory and online collaboration.
These accounting tools can help you keep track of your spending and income easily and might just surprise you with the results
NetSuite
Powerful ERP accounting software; Financial management; Automated Inventory features; eCommerce tools; CRM. Most suited for medium to large enterprises.
NetSuite is a powerful cloud-based ERP (Enterprise Resource Planning) software that helps large businesses to automate their processes for fast-growing performances. Due to the powerful and large range of services provided, the plans are scalable according to your growth rate.
The software supports a system of several integrated applications to help you manage your business. Several aspects of your company will be automated including finances, project management and even CRM.
Its accounting tools span essential features such as invoicing and expense tracking to global accounting and risk compliance. NetSuite has several outstanding tools that are worth mentioning.
- Global accounting: this tool supports international regulations and compliance for worldwide enterprises.
- Pricing and Discounts: you can set up multiple price levels for your items with specific prices based on currencies. The feature also analyzes your transaction gross profit.
- Sales order and returns: a dashboard is provided to visualize the entire process from approving orders to managing returns.
- Product data: if you are creating your own product, from research to design management, this tool is a database for your employees.
- Revenue recognition: you can set up your requirements to record your revenue and not when related cash is received.
- Risk and compliance: the software highlights any risk issues and regulatory issues
- Payroll management: you can manage the wages of your employees according to multi-jurisdiction taxes and deductions or benefits.
With NetSuite, you can also customize your workflow with its multi-layered functionality and integrations. With its small business package, you can manage all aspects of your business in one system only.
Additionally, NetSuite has several pricing programs that differ according to the size of your company also called ‘suite’ or your job function in the company, e.g. CEO, Director of operations.
Pricing
NetSuite differs in its monthly plans compared to other accounting software. If you are interested in a small business package, then the NetSuite SuiteSuccess Starter Edition is perfect for you.
There is no fixed pricing for the package as NetSuite provides customized pricing according to the size of your business, your location and how many users you will need. You will obtain the license at $999 for a one-time fee and pay $99 per user each month.
Timecamp
Timecamp is a one-solution-fits-all business management solution that comes with a time tracker with computer activities, productivity monitoring, attendance tracking, integrations and more. The software tracks time automatically so you don’t have to worry about spending hours on figuring out how to do it. TimeCamp offers you an intuitive interface to get your team on board effortlessly.
Top features:
- Create and send invoices based on time tracked per project and customer
- Seamless integrations with project management, accounting, help desk software and more
- Simple and intuitive interface
- assign the time entries to the right project, monitor employees’ internet usage and generate detailed reports
- Desktop and mobile app available for many platforms and devices
Bitrix24
If you are looking for a software that offers a complete suite of management, collaboration, and communication tools, then Bitrix24 could be the ideal choice for your business. It is a complete business management software that takes care of your tasks and projects to document management along with real-time communication tools from video conferencing to group chat.
Top features:
- An internal social network lets you collaborate easier, faster and more efficiently
- Get instant feedback, share ideas, create workgroups and engage your employees
- online multi-user editing and custom document approval workflows
- Sell more with Bitrix24’s CRM and sales team management
- It works on your iPhone, iPad or Android too
Apptivo
Apptivo delivers a wide array of functionalities in customer relationship management (CRM). It also helps your business to grow with project management, invoicing, and timesheet capabilities. If your business process has some specific needs, it can be easily customized.
Top features:
- Track the complete sales process from anywhere with the online CRM software
- Collaborate on tasks, manage timesheets, and log expense reports
- Powerful ticketing system to deliver stellar customer support
- Billing system to send and receive online payments from anywhere
- Supply chain management with vendor tracking, purchasing, and inventory
HoneyBook
HoneyBook is an all-in-one business management platform and company management system. From first contact to booking your ideal client, HoneyBook makes it easy for you to capture leads, manage projects, automate workflows, send contracts and invoices, and get paid.
Top features:
- Mobile app so you can manage your business on the go
- Proposals and invoices optimized to get you booked
- Contracts your clients can sign in seconds
- Easy and intuitive workflows
- Design forward client experience
Atlassian JIRA
JIRA is a workflow mapping and project planning software that is designed to help software development teams of all sizes and industries. Kanban boards, burnout charts, project reporting tools, etc are some of the popular capabilities of this tool that support teams at various stages of the development lifecycle. Also, it integrates with various developer tools and is available as a cloud-based or on-premise solution.
Top features:
- Roadmaps that are connected to real work
- Visualizing work in progress
- Bugs and defect management
- Polished user experience
- Customizable dashboards and wallboards
Also Read: 23 Best Jira- Alternatives for Agile Project Management
Trello
Trello is a web-based project management application that is designed to fit every unique need and work styles. From sales and marketing to HR and software development, Trello helps teams to customize its functionality to meet their specific project management needs. And with more than 100+ integrations (including tools like Google Drive, Slack, Jira and more), Trello makes it easier for teams to get their ideas to action in seconds.
Top features:
- Easy organization with tags, labels, and categories
- Drag and drop functionality
- Mobile functionality to access boards on the go
- Quick overview on front and back of cards
- Texts and visuals fit any screen size
Also Read: Top 17 Trello Alternatives: List of Project Management & Kanban Software
Favro
Favro is an all-in-one project planning and collaboration software that is designed to help teams stay on the same page. The features and functionalities of this software solution scale across any business or team. So, whether you’re a team of developers, marketers, or executives, Favro works for all. It improves flexibility and visibility across projects by bringing teams in one place.
Top features:
- Multiple view boards
- Department collections
- Time reporting
- Time sheets
- Estimation fields
Connecteam
Connecteam is a leading business management software solution, designed for deskless teams and Enterprise companies. Taking care of your business operations has never been easier with robust features that can be managed while on the go and at any time. From time tracking to job scheduling, automated checklists and forms, one-on-one or group chat, surveys, digital training and onboarding, efficient task management, and so much more is available on a sleek and easy to use interface.
Top features:
- GPS empowered time tracking
- Efficient timesheet management and payroll processing
- Real-time and detailed reports
- Streamlined communication and better engagement
- Simple and intuitive job scheduling – from planning to distribution
- Better transparency and accountability with on the go task management
Todo.vu
Whether you are a consultant, freelancer, or small agency needing to track work across multiple projects, Todo.vu could be the right fit for your needs. It is a simple company management software that focuses on getting things done. It brings all your customer management and project management in one place with a beautiful and neat interface.
Top features:
- Intuitive user interface
- Focused communication and real-time updates
- Built-in time tracking and billing
- Sync tasks with any calendar
Conclusion
Accounting is one of the main components of running a business. From payroll, to taxes, to inventory, you need to keep track of it all. Until recently there were only two major ways to do that: hire an accountant or use an expensive system like QuickBooks. Fortunately, cloud computing is providing a free and affordable way to manage your books with Google services.