It’s a good practice for you to keep all your financial records especially when you have a company that you are managing. This is important because if by the end of the day, you will be able to see where all your expenses and earnings go. In case there are some minor adjustments that need to be made, you would know which documents to look for. If you have chosen small business accounting software offline over other accounting programs, then read on as I will give you 4 benefits why small business accounting software offline is beneficial to your company.
Small Business Accounting Software Offline – Need to Manage Your Expenses and Costs Some of the best accounts payable and payroll software solutions run offline. These allow you to perform your accounting and bookkeeping tasks without needing an Internet connection or a web-based software application. You can compare several of these options for your small business by taking a look at the available programs listed below.
MYOB
| Best for | Large established businesses |
| Products | Accounting Payroll Accounting & payroll MYOB Advanced MYOB Greentree MYOB Exo |
| Address | Auckland Level 5, Eden 5, 12 Normanby Road, Mt Eden, Auckland 1024 Christchurch 17 Sir William Pickering Drive, Burnside, Christchurch 8053 Hastings First Floor, 211 Market Street, South Hastings 4122 |
| Contact Details | Small business: 0800 606 962 Bigger business: 0800 696 239 Support: 0508 328 283 |
| Office Hours | Monday – Friday: 9.00 AM – 10.00 PM Saturday – Sunday: 11.00 AM – 7.00 PM |
| Prices | Accounting Essentials Starter: $25/month excluding GST Essentials Accounting: $40/month excluding GST Payroll Essentials Payroll: $30/month excluding GST ACE Payroll: $379/month excluding GST Accounting & Payroll Essentials Accounting + Payroll: $60/month excluding GST |
Aussie-made, MYOB provides proven accounting solutions to a wide range of businesses. It can streamline your bank feeds, payments, and cash flows.
It offers several products that cater to different business needs. Whether you need payroll, accounting, or an ERP solution, they have them at competitive rates.
Their Essentials’ plans are designed for SMEs, while their ERP solution is for industrial-type ventures and provides you with real-time visibility and statistics.
MYOB software can be used on any device like your phone, laptop, or tablet. Hence, you can work on your accounting and bookkeeping anywhere you want.
With over 300 apps available, you can also upgrade your MYOB software to drive your business. And on top of that, their customer support team is ready to assist you 24/7.
Pros
- Accurate reporting
- Competitive rates
- High-security standards
- 24/7 customer support
Cons
- Expensive monthly subscriptions
Xero
Xero is the best in our review for micro-businesses that are looking for very simple accounting software. This software has a clean interface and also fully integrates with a third-party payroll service. Businesses can collect payment online from customers through Xero’s integration with Stripe and GoCardless.Pros
- Cloud-based
- Mobile app
- Payroll integration with Gusto
- Third-party app marketplace
- Simple inventory management
Cons
- Limited reporting
- Fees charged for ACH payments
- Limited customer service
Xero was founded in 2006 in New Zealand and now has over 2.7 million users worldwide. This accounting software is popular in New Zealand, Australia, and the United Kingdom. Xero has over 3,500 employees and is growing rapidly in the U.S., as well.1
Xero offers three monthly subscription options and a full-service payroll add-on: Early at $11 per month, Growing at $32 per month, and Established at $62 per month. The full-service payroll option is offered through Gusto and is an additional $39 per month, plus $6 per employee. The company offers a 30-day free trial and a promotion for 50% off for two months.
The Early plan limits usage and only allows entry for five invoices or quotes, five bills, and reconciliation of 20 bank transactions per month. This limited plan may be suitable for a micro-business with high-ticket transactions, but only a few per month, such as a consulting or small service provider. Both the Growing and Established plans offer unlimited invoices, bills, and transactions. The only difference between the two is that the Established plan has additional features like multi-currency, expense management, and project costing. All three plans offer Hubdoc, a bill and receipt capture solution.
GoDaddy Online Bookkeeping: Best bookkeeping-only software
Best for bookkeeping onlyGoDaddy
3.5
- Starting at $4.99/mo.
Low starting price
One user only
Time and mileage tracking with every plan
Data as of 11/5/21. Offers and availability may vary by location and are subject to change.
Don’t need full-service accounting software? GoDaddy Online Bookkeeping is an easy-to-use bookkeeping software program perfect for freelancers and eBay sellers who don’t need more than the basics. This bare-bones, no-frills software lets you process debit and credit payments, send invoices, and track finances for $4.99 a month. Bear in mind, though, that it’s just bookkeeping: GoDaddy can help you chart your finances, but it can’t help you analyze those finances to grow your business.
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
Small business accounting software offline is a web-based application designed specially for the small businesses. Using this application, small scale business owners can carry out their multiple accounting functions in a simple manner. Small scale business owners have to handle several analytical jobs to keep a constant tab on the growth of their organizations. In order to keep a continuous tab on the financial transactions taking place in their organizations, they have to access their accounting records from time to time.