Small to medium sized business accounting software. Quickbooks is the leading accounting software for business and our small business accounting software can be tailored to meet your needs and grow with you as your business changes.
The Small to Medium-Sized Business Edition of Quickbooks is specifically designed for small businesses. It offers a comprehensive set of features, including inventory management, invoicing and estimates, sales tax, advanced reporting tools, job cost tracking and more—all at a modest price. If you are a small business owner with little accounting experience and no IT support, Quickbooks takes the complexity out of running your business.
BigTime
BigTime is a feature-rich billing software designed to streamline not only the billing cycle but also the processes surrounding it such as budgeting and resource management. Made for businesses of all scales, the platform offers specific solutions for industries like accounting, legal, IT services, and government contracting. Besides billing and invoicing, its notable features include time tracking, reporting, resource allocation, and project management. As such, users like accounting and marketing firms can streamline their workflows and receive real-time insights.
Furthermore, BigTime integrates with many widely-used applications. This means data can easily be migrated and processed from one software to another, thus simplifying and speeding up work. It integrates with sales and accounting platforms like Quickbooks, Sage Intacct, Jira, and Salesforce.
Why is BigTime suitable for medium-sized businesses?
Efficient billing. BigTime turns what used to be a cumbersome process into a convenient one with its wide range of billing features. It lets you apply flexible billing rates, provides customizable forms, incorporates various billing formats, and has a work-in-progress management tool that helps you manage your office’s unbilled time. It also automates the calculation of rates, hours, and expenses.
Intuitive time tracking. The platform is equipped with a built-in time tracker that lets you monitor the duration of projects, tasks, pay items, and labor code entries. Applying changes to entries is easy since the timesheets are customizable. Searching for entries is likewise convenient with its smart lookup fields that automatically populate possible results.
Convenient invoicing. BigTime provides a variety of customizable templates so you can design them according to your company’s and clientele’s preferences. You can also choose the items featured by invoices as required by your industry and nature of work. Moreover, the calculations are automated, reducing the risk of human error.
Effective project management. Tasks and budgets can be promptly monitored through BigTime’s project management tools. The platform lets you assign rates per task, which account for various budget entries, due dates, and the estimated times of completion. What’s more, BigTime lets you leverage Gantt charts so you can visualize project timelines and find areas in which productivity can be increased.
Superb resource allocation. Besides helping managers delegate tasks, BigTime ensures that each task is assigned to the right people and those who are currently available. With its utilization dashboard, you can track the utilization of your staff and see if more people are needed to take on a project.
How much does BigTime cost?
BigTime comes with three reasonably priced packages, starting with the Express plan which costs $10/user/month and contains basic functionalities. The highest tiered plan (Premier), on the other hand, charges users $40/user/month and includes all the features and premium support.
Zoho Books
Zoho Books is a reputed member of the company’s ultra-successful productivity suite, exclusively designed to meet the needs of growing businesses. Generally, it can be described as an intuitive accounting solution designed for small businesses to handle their finances and to remain on top of their cash flow. It is very simple, easy-to-use, and able to help you make intelligent data-based decisions. It is also the pioneer accounting product of a reputed software provider, which eliminates all worries related to uptime, support, or security. Other highlights of this system are its numerous integrations, and the lowest pricing scheme discussed on this list.
Try out Zoho Books with their free trialVISIT WEBSITEFREE TRIAL
Why is Zoho Books suitable for medium-sized businesses?
It automates bank feeds to save time and money. The distinctive advantage of Zoho Books is how it eliminates data entry, and allows you to import all bank and credit card transactions, and categorize those according to your bank’s rules. This possibility doesn’t only save time, but makes sure you’re working safely, and in line with all compliance standards.
It helps you bring more customers on board. Zoho Books enables end users to access their estimates and invoices, and make direct payments using the robust online client portal. Another handy possibility for your clients is to accept/decline their estimates, and to comment on them. In this way, the company will benefit from a more credible service and better reputation.
It facilitates and accelerates payment reconciliation. Zoho Books is tightly integrated with Stripe in order to reconcile each type of transaction, looking at the full picture of how money are moving in and out of the clearing account, and which processing fees are going to apply for it.
It eliminates all collaboration obstacles between sales and accounting teams. Thanks to the fact that Zoho Books is integrated with Zoho CRM, you can also use it to follow the credit statuses of your customers, create new orders, access product pricing information, and much more.
It operates in several languages. Growing businesses looking to expand their operations in other countries should also consider Zoho Books, as the system is available in English, German, Spanish, French, Italian, Dutch, Portuguese, Swedish, Chinese, Brazilian, and Japanese.
How much does Zoho Books cost?
Zoho Books is predominantly designed for small and medium businesses, which is why it offers one of the lowest and most flexible pricing schemes. The lowest plan is the Basic one ($10/month for 1 user and 25 contacts), while the highest is the Professional Plan ($29/month for unlimited contacts, users, and inventory management).
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.
FreshBooks
FreshBooks is a Canadian-based company that was founded in Toronto in 2003 for small business accounting needs.2 It uses cloud-based accounting and invoice software that can be accessed via iPhone, Android, and iPad apps.
It is our choice for best overall accounting software for small business because it’s easy to use for business owners with little or no accounting experience, offers robust features and helpful functions, is reasonably priced, and can be used on-the-go and at any time.
FreshBooks’ features include:
- Payment reminders
- Recurring invoices with customizable options including due dates and discounts
- Online credit card payments
- Multi-currency and language billing
- Automatic tax calculations for sales tax
- Tax-friendly expense categories
- Remembered vendors
- Time tracking with a Chrome browser extension
- Bank deposits, recurring payments, and auto bills with bank integration
- Tax help integrations with tax apps, estimates, deductions, and filing tools
- Easily integrates with other products including Goggle Workspace and Gusto
FreshBooks’ pricing is tiered as follows:
- Lite: $4.50 per month for the self-employed business owner with five billable clients
- Plus: $7.50 per month for small businesses with 50 billable clients
- Premium: $15 per month for growing businesses with unlimited billable clients
- Select: Custom features and pricing for businesses with unlimited billable clients
FreshBooks may also offer discounts or bundled pricing if you pre-pay, so make sure you check the website for any offers before you sign up.
Conclusion
Small-to-medium businesses that don’t need the full power and features of our Enterprise solutions can enjoy dedicated solutions and simplified pricing with QuickBooks for Small Business from Intuit. With tools to help you make better decisions about your business, checkbook management and payroll, QuickBooks for Small Business is an affordable accounting solution for your small business.