Simple Accounting Software for Small Business is the easiest accounting software for small business. Our accounting software programs are designed to be user-friendly so that you can create and manage your business’ financial documents in minutes. Designed for small businesses, it allocates a separate window for each activity, providing detailed information from a single screen. Simple to use, but powerful features allow you to produce professional looking documents as well as handle tax return preparation.
Simple Accounting Software for Small Business is a complete and easy to use accounting software that allows you to record, edit and print your company’s data in an easy, fully graphical way and with great accuracy. You can handle your invoices, sales orders, payments, inventory stock location, banking operations, fixed assets with depreciation and other aspects of your company financial transactions managed by the software. A complete invoice book with check printing is also included in the software allowing you to generate all kinds of invoices right at the program itself.
Xero
» Why You Should Buy This:
Xero is all-inclusive online accounting software with an uncomplicated and robust set of features. The software brings together every critical aspect of your business in one place, be it accounts, contacts or invoices, letting you be in control all the time. That way, it becomes an ideal option to go with when it comes to handling your books of accounts in the most effortless yet accurate manner.
And that’s not all. Xero easily syncs with your bank accounts and provides a clear picture of your financial standings whenever you need it. It also automates repetitive tasks, such as reporting and invoicing, to accelerate things further.
» Who Is It For:
As a cloud accounting software solution, Xero fits perfectly well with the accounting needs of small businesses, bookkeepers and accountants. It also streamlines operations for self-employed individuals and start-ups that have less complex accounting requirements. If you are someone who is just starting out to take hold of your books, this can be your go-to system. In other words, it can simplify things for, let’s say, a local cafe and a fashion retailer with as much accuracy and efficacy.
» Why We Picked It:
Xero grabs the second spot on our list of the best accounting software for small businesses due to its all-in-one features packed into a simple-to-navigate interface. It enables you to do every vital task you would expect out of it – from tracking and paying bills to claiming expenses to monitoring projects to bank reconciliations.
Moreover, the solution includes built-in, easy pay runs for employees, along with the functionality to integrate with a third-party payroll app. Its real-time collaborations are smooth, and so are its reporting functions. We particularly liked the seamless way in which it offers anytime, anywhere access across devices.
» Pricing Details:
Xero is available in three different plans:
› Starter – $20 per month
› Standard – $30 per month
› Premium – $40 per month
All plans come in with 24/7 support online. You could also opt for its 30-day free trial.
» Pros and Cons:
Pros:
› A comprehensive accounting system for small businesses & individual professionals
› Offers hassle-free integrations with a variety of tools & solutions
› Provides easy customization to suit your workflow
› Real-time collaboration helps teams to work together without hindrance
› Powerful reporting presents an accurate picture of your finances as & when you need
› Remote access & dedicated mobile app ensures work doesn’t halt
› Inventory management facilitates smoother business operations
Cons:
› For an established entity with complex bookkeeping needs, it offers limited features.
» Reviews & Ratings:
Xero greatly impresses users with its easy to use functionality, precision and customer service. Here’s a quick lowdown on how the system fares on top-rated software review sites:
» Capterra: 4.3/5 » G2crowd: 4.3/5 » GetApp: 4.3/5
» Conclusion:
Xero packs in everything to handle the basic accounting needs of a start-up, accountants, small businesses and self-employed professionals. Having been in the business for years; it is offering continuous improvements on its platform to go above & beyond user expectations.
FreshBooks
FreshBooks is an online accounting software application that works well for sole proprietors and freelancers.
The Retainers feature in FreshBooks also makes it ideal for attorneys, accountants, or any professional that charges their clients a retainer fee.
Offering a solo version and a team version, you can easily connect with other employees or contractors you work with.
One of the latest additions to FreshBooks is double-entry accounting, a must for a growing business. Other features found in FreshBooks include ACH payment acceptance, solid invoicing capability, the ability to track time, and the ability to create and manage projects.
FreshBooks lets you handle projects, track time, and create and monitor project budgets.
You can also create estimates and proposals in FreshBooks, and connect the application to your bank accounts for easy expense management.
Payroll is not offered in FreshBooks, though it does integrate with Gusto Payroll, if you have employees to pay. FreshBooks also offers a mobile app for both iOS and Android devices.
FreshBooks offers four plans: Lite, Plus, Premium, and Select. The Lite plan is suitable if you’re self-employed, while the Premium plan is a good fit for small businesses. FreshBooks Lite runs $13.50/month, Plus is $22.50/month, and Premium is $45/month. Select custom pricing is available from the company.
Perhaps the biggest benefit of using FreshBooks is that you’ll actually use it. A lot of freelancers and self-employed folks can remain stubbornly attached to using a spreadsheet to manage their business finances, but FreshBooks is so easy to use, that you’ll actually use it.
Offering just enough features for small businesses without saddling you with a bunch you’ll never use, but have to pay for, FreshBooks is worth the minimal investment.
QuickBooks Online
QuickBooks Online is an accounting solution for small businesses, freelancers, and independent accounting firms. This cloud-based application combines all essential accounting tools in a single platform to help small businesses streamline accounting and financial management tasks.
Among its features are automated tax calculations, expense tracking, invoice management, balance sheet reporting, bill management, sales monitoring, and more. QuickBooks Online supports multiple devices and is equipped with auto-syncing options so your data will be up to date no matter what device you are using.
Try out QuickBooks Online with their free trialVISIT WEBSITEFREE TRIAL
In terms of integrations, you can integrate QuickBooks Online with other Intuit applications, including QuickBooks Payments and QuickBooks Payroll. As for third-party applications, QuickBooks integrate seamlessly with Bill.com, Jobber, Mavenlink, Method CRM, Shoeboxed, and Time Tracking by TSheets. QuickBooks Online’s subscription plans start at $10.00/month for one user.
Conclusion
For accounting purposes, small businesses need a software that can give instantaneous online access to financial transactions. This type of software is great for accounting firms and other organizations which manage hundreds of transactions per day but it is not the right system for sole proprietorship and individual accountants.