What is the best small business accounting software for Mac? A small business owner needs to find the best accounting software for Mac in order to keep their financials flowing smoothly. This is not an easy task with so many different options available. After years of testing and trying out software packages it’s hard to say what the best one is. That would likely depend on what your specific accounting needs are and how you plan on using the accounting software package that you decide to go with.
With this feature we will provide you reliable reviews and recommendations for Best Small Business Accounting Software for Mac. The list and reviews of the Best Small Business Accounting Software for Mac that we give to you will be much better and more convenient for you to select a suitable Small Business Accounting Software for Mac for your business use. We also provide top 5 listings of those products, hope our reviews can help you make a wise decision .
QuickBooks for Mac
Starting Price: $299.95 (perpetual license)
Deployment: On-Premises
User rating: 4.5/5.0 stars
Intuit’s QuickBooks for Mac is a small business accounting software that can be locally installed or hosted. The system is a complete solution for tracking and managing expenses, invoices, and checks. It has been developed with the knowledge that most business users of Mac’s will need to communicate heavily with Windows users.
Features:
- keep track of expenses
- fill out your sales tax form in minutes
- create a central storage point for all your data, containing all customer contact and transactional data
- provide you with over more than 100 pre-designed reports
- allows you to properly track your employees’ time to avoid under-billing your customers
Xero
Starting Price: $9/month
Deployment: Cloud Hosted
User rating: 4.3/5.0 stars
Xero is a beautiful easy to use online accounting solution for small businesses. It provides free trial and free online support.
Features:
- See your cashflow in real-time
- Automatically import and code your bank transactions
- Create and send invoices automatically
- Manage your spending and make bill payments in bulk to creditors
- Instant, up-to-date reporting with quick links to all the original transactions
FreshBooks
Starting Price: $15/month
Deployment: Cloud Hosted
User rating: 4.2/5.0 stars
Easy-to-use accounting software works on any device and is a friend with Mac.
Features:
- Create professional invoices
- Сapture your expenses
- Track your time towards projects
- Connect your bank account to FreshBooks
Kashoo
Starting Price: $19.95/month
User rating: 4.5/5.0 stars
It is a comprehensive accounting tool that is easy to use Kashoo has a flat rate, so you get every feature in the basic plan.
Features:
- Free phone and web support
- Link to a business bank account
- Create contacts automatically from your transactions
- Easy payment straight from your invoice
Wave
Starting Price: free
User rating: 4.5/5.0 stars
So what makes Wave attractive for Mac users is that it’s free and easy to use.
Features:
- Connect your bank accounts
- Sync your expenses
- Balance your books
- Create professional invoices
Zoho Books
Our pick for: Low cost, high value
Price (when paid annually):
- Free for businesses with less than $50,000 in annual revenue.
- Three users: $15 per month.
- Five users: $40 per month.
- 10 users: $60 per month.
Zoho Books packs an impressive collection of features and reporting capabilities for an affordable price. The free version is only for businesses that have less than $50,000 in annual revenue; it allows one user and one accountant. Its interface is easy to learn and use, and the option to automate workflows — for example, to send an email alert if an invoice exceeds a certain amount, or to apply a discount or late fee in certain cases — makes it stand out as an attractive choice. (You can create five automated workflows under the basic plan and up to 10 under the higher tiers.) Zoho is perhaps best-known for its customer relationship management, or CRM, and productivity apps, which integrate well with its accounting software. It’s possible to create contacts on Zoho Books based on new leads in Zoho CRM, for instance.
QuickBooks Self-Employed
QuickBooks Self-Employed accounting software is our top choice for part-time freelancers and independent contractors who primarily want to track their income and expenses for their tax return. This software is designed for business owners who file a Schedule C on their individual tax return.
Without keeping up with business activity using a software like this, freelancers would need to dig through all of their bank and credit card statements to add up their income and expenses at the end of each year, which can be quite daunting. QuickBooks Self-Employed will total up all business transactions automatically.Pros
- Cloud-based
- Mobile app
- Track mileage
- Differentiate between business and personal expenses
- Syncs with TurboTax
Cons
- Data cannot be easily transferred to other accounting software
- Limited reporting
- Limited invoicing functionality and customization
QuickBooks Self-Employed is an Intuit product with a cloud-based online interface and a mobile app. This software was created to help freelancers stay organized each year for tax season. Features of QuickBooks Self-Employed include tracking mileage, sorting expenses, organizing receipts, sending invoices, and estimating and filing taxes seamlessly through TurboTax.
Users can choose between three plan options: Self-Employed at $15 per month, Self-Employed Tax Bundle at $25 per month, and Self-Employed Live Tax Bundle at $35 per month. There is a 50% discount for the first three months. The two tax bundles include a TurboTax subscription for income tax filing. The Self-Employed Live Tax Bundle also gives you access to a CPA to answer questions throughout the year and during tax season. The CPA will also perform a final review of your tax return in TurboTax prior to filing.
The mobile app makes it easy to track mileage while driving and capture photos of receipts for business expenses. Most accounting software is not designed to separate business transactions from personal transactions, but a special feature of QuickBooks Self-Employed provides an option to mark each transaction as business or personal. This is helpful for freelancers who don’t have a separate bank account for their business activity.
Conclusion
No matter what type of business you run, keeping track of your financial activities is an essential part of running a business. You need a reliable system that can be accessed from any location to track all purchases and sales that have been made throughout the course of a day, week, month, quarter or year. One of the most common options is to use a web-based small business accounting software for Mac.