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Small Business Accounting Software Including Payroll

Looking for small business accounting software that includes payroll here are great options for your small business accounting software including payroll needs.

Small Business Manager is an accounting software for small businesses which helps in managing cash flow related with general ledger, accounts receivables, accounts payables, inventory management, payroll and much more. It includes Payroll Management to do taxes and manage the payroll employees.

 Akaunting

You should also consider a free accounting software called Akaunting. This option offers many of the most necessary features that a small business accounting software should. Within this technology, you’ll be able to invoice, sync accounts, track expenses, set up recurring bills, manage customers, and manage vendors. However, to access more advanced features like online payments, for example, you’ll have to download third-party apps that will cost you a yearly fee on top of whatever fees you have to pay for this third-party account.

Long story short, creating an Akaunting account won’t cost you anything, but as you navigate this software, you’ll realize that all the capabilities that you might expect to be ready-to-use will rely on your purchasing these third-party apps.

 SlickPie

The free accounting software SlickPie is also worth looking into for your small business finances. The free version of this accounting software allows for unlimited automated receipt entries, 10 different companies on one account, and email support. It also allows you to create quotes and estimates that can easily become professional invoices. SlickPie also allows you to connect your PayPal and Stripe accounts for free. That means customers will be able to fulfill their invoices with card or PayPal payments online—and you’ll simply have to pay the standard transaction fees that PayPal and Stripe charge.

One feature that this free accounting software seems to be lacking is reports—the SlickPie website doesn’t highlight any built-in reporting capabilities. If you’re hoping to extract valuable, high-level insights from your accounting software, then you might want to consider options other than SlickPie.

 GnuCash: Best for Sole Proprietors

best free accounting software gnucash

Best for Sole Proprietors

GnuCash is a free, open-source accounting solution that can be downloaded for Linux, Windows, and Mac OS X. It offers double-entry accounting resources, a checkbook-style register, scheduled transactions, and customizable visual reporting.

GnuCash’s initial setup and somewhat dated-looking interface might turn a lot of potential users off. But if you’re willing to tough out its tricky installation and don’t need your accounting solution to be particularly pretty, you’re left with a solid application that covers a lot of bases for free.

That said, it’s not much of a long-term solution for businesses anticipating a lot of growth. It’s better suited for sole proprietors who need a program to get them through their day-to-day. If you fit that bill, check GnuCash out.

GnuCash’s Key Benefits

  • Double-entry feature ensures books balance
  • Budget management tools can help plan financial strategy
  • Works on a variety of operating systems
  • Can handle internationalized dates and currencies

GnuCash’s Key Drawbacks

  • Installation is less straightforward than most other platforms
  • Interface isn’t particularly accessible or visually appealing
  • No customer support

 CloudBooks: Best for Freelancers and Small Businesses

best free accounting software cloudbooks

Best for Freelancers and Small Businesses

CloudBooks is a free accounting and invoicing solution tailored to accommodate small businesses and freelancers. The program boasts a user base of over 2 million subscribers and has a suite of capabilities that cover invoicing, time-tracking, reporting, and payment needs — among others.

The platform is an invoice management solution, above all else — and that can be a benefit or drawback in its own right, depending on what you need.

While CloudBooks has features extending beyond that functionality, invoicing appears to be its main selling point — meaning it’s not quite as fully fleshed out with accounting functionality as other programs listed here.

So if you’re looking for exceptional invoice creation and management software, you should check out Cloudbooks. If you need a more robust accounting-specific solution, you might want to look elsewhere.

CloudBooks’ Key Benefits

  • Allows for unlimited users
  • Features email support
  • Offers free cloud data storage
  • Upgraded plans are reasonably priced

CloudBooks’ Key Drawbacks

  • Only lets you bill one client
  • Caps your number of invoices at five
  • Lacks phone or chat support

FreshBooks


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The most crucial accounting need for most service-based businesses is invoicing. FreshBooks offers more customizations for invoicing compared to other accounting software. Its primary function is to send, receive, print, and pay invoices, but it can also take care of a business’ basic bookkeeping needs as well. This accounting software makes it easier for service-based businesses to send proposals and invoices, request deposits, collect client retainers, track time on projects, and receive payments.Pros

  • Cloud-based
  • User-friendly interface
  • Third-party app integration
  • Affordable
  • Advanced invoicing features

Cons

  • No inventory management
  • No payroll service
  • Mobile app has limitations

Founded in 2003 in Toronto, FreshBooks started as just an invoicing software. Over time, more features have been added and FreshBooks now has over 500 employees. There are four different plans, and businesses can get a 10% discount if they choose to pay yearly, rather than monthly. Additionally, FreshBooks offers a 60% off discount per month for six months. The four plans are: Lite at $6 per month, Plus at $10 per month, Premium at $20 per month, and Select, which is a custom service with custom pricing.

The main difference between the four plans is the number of different clients that are allowed to be billed per month. In the Lite plan, up to five clients can be billed per month. In the Plus plan, up to 50 clients can be billed per month. In the Premium plan, unlimited clients can be billed per month. The Select plan also does not have a limitation on the number of clients that can be billed per month, but adds unique features. It costs an additional $10 per month for multiple team members to use the accounting software and it costs an additional $20 per month for the advanced payment feature, which allows users to charge a credit card in real-time or set up a recurring credit card charge for a client.

There are many third-party app integrations available, such as Shopify, Gusto, Stripe, G Suite, and more. A unique feature of FreshBooks is that invoices can be highly stylized and customized for a professional look and feel. FreshBooks is a great tool for budgeting out projects, sending estimates or proposals, and collecting customer payments.

Conclusion

Accounting is important for any business, but it doesn’t have to be a headache. QuickBooks makes running your small business accounting software easy so you can focus on what matters the most – running your business and serving your customers. From invoicing to bill payments and employee payroll, here are some of the features you’ll love in QuickBooks Online:

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