First, let us clear up one thing: the word popular means hugely prevalent. When it comes to accounting software, the most popular is the most widely used type of accounting software in the world. (The first use of any graphing calculator in business was accounted as a small business practice.) What type is that? It would be the top 10 accounting software types in the world and top accounting software types in India.
While choosing the most popular accounting software for small businesses, small business owners should look at the support given by them and the pricing plans offered by them. Cloud-based accounting software offers hassle free calculation and better connectivity. Here is the list of top online and cloud accounting software used by various small businesses.
FreeAgent: Best customer engagement
Best customer engagementFreeAgent
- Starting at $12.00/mo.*
Invoicing, billing, and receipt-scanning app
iOS and Android apps
Mobile mileage-tracking
Data as of 12/15/21. Offers and availability may vary by location and are subject to change.
*For first six months only. After six months, price increases to $24.00/mo.
App Store rating: 4.5 stars (31 reviews)11
Google Play rating: 4.5 stars (612 reviews)12
FreeAgent has all the basics of good accounting apps and software, including on-the-go receipt capturing, invoicing, and billing. But it also has a few perks that set it apart. For one thing, it lists your upcoming tax dates so you can stay on top of deadlines. It also has a time feature so you can track meeting minutes and manage mileage.
Since FreeAgent is a UK-based company, its entire support team is located in the UK. That doesn’t stop agents from getting in touch, though—the FreeAgent app support team responds to almost every comment (positive and negative alike) on both the App Store and Google Play store, thanking users and actively requesting user input.
OneUp: Best inventory management
Best for managing inventoryOneUp
- Starting at $9.00/mo.
Excellent mobile sales and inventory features
App-based lead generation
Extremely poor iOS app ratings
Data as of 12/15/21. Offers and availability may vary by location and are subject to change.
App Store rating: 1 star (5 reviews)13
Google Play rating: 3.9 stars (194 reviews)14
Once you sync OneUp with your bank account, the app automates your books and keeps you up to date with daily profit and cash flow updates. But where the app really excels is in its mobile sales features: you can input potential leads on the go, automatically generate product reorders from sales orders, and track inventory from the app.
A few downsides: the OneUp app doesn’t offer loads of integrations—just your basic Google Apps and Square. OneUp’s basic plan doesn’t include customer service, so if you run into trouble with the app, you’re on your own.
Most importantly, OneUp’s iOS app is fairly new. According to the five user reviews, it’s buggy to the point of being basically worthless. But as much as we hate to recommend an accounting solution with such a poor iOS app, OneUp’s unique sales and inventory features should keep it on your radar—at least if you own an Android.
ZarMoney
» Why You Should Buy This:
ZarMoney is a robust, extensive cloud accounting solution that not only helps you manage your books and bills but also offers complete transparency in the management of your entire global inventory. The software comes in with a set of invoicing templates that are sleek, subtle and look thoroughly professional. By using this accounting system, you can easily accept online payments as well as take full control of your cash flow.
And that’s not it. ZarMoney contains functions that make way for the automatic imports of your banking transactions, simplifying everything to manage from a single place. Moreover, its bank reconciliation and automated calculation of sales tax, along with on-point reporting, make it a great accounting partner.
» Who Is It For:
ZarMoney is meant to be used by businesses across industries. You can be a small business, an ever-growing, established enterprise or a sole entrepreneur, and depend on this online accounting software to keep your books up-to-date all the time. It is ideal for those who are looking for a system that is fuss-free to use but offers supreme efficacy at the same time.
Besides, if you want a software solution that is customizable as per your needs, then this might be the one for you.
» Why We Picked It:
We added ZarMoney into our well-curated list of the top business accounting software after studying the system’s exhaustive list of features. It includes everything you may need to keep your bookkeeping operations error-free and smooth. Whether it is account receivable and customers or account payables and vendors, the system covers everything from billing to order management to notifications. We specifically loved the way one can personalize its dashboard.
Also, it has robust functions for reporting, fund transfers and sales tax in place, sparing you the last-minute hassles. If you are a bigger organization with more employees, you will even be able to define user roles, controlling who can access what on the software.
» Pricing Details:
There are three different plans to buy ZarMoney accounting software:
› Entrepreneur – It is priced at $15 a month with a single user plan.
› Small Business – It costs $20 a month with a maximum of two users.
› Enterprise – It is available for $350 a month and allows 30+ users.
You can go for free trials or a demo before going ahead with your purchase.
» Pros and Cons:
Pros:
› 100% cloud-based software, thus, no need to install any software
› Anytime, anywhere access from any device; all you need is a good internet connection
› Solid security measures to protect your sensitive data
› Insightful reports to help enhance your business decisions
› Automated calculation and filing of your taxes
› Multiple users with role-based access
› Bank reconciliation & transaction imports, saving you time
› Quick creation, printing & sending of quotations
› Inventory, purchase & sales order management
› Professional invoicing & secure receipts of online payments
› Prompt customer support
Cons:
› The pricing goes up with an increase in the number of users
» Reviews & Ratings:
ZarMoney has struck a chord with its users as the software enjoys higher ratings on major software review sites. Ease of use, good customer service and efficient functionality seem to be the heroes driving in the praises. See it for yourself:
» Capterra: 4.7/5 » G2crowd: 4.8/5 » GetApp: 4.7/5
» Conclusion:
With its easy-to-use interface and simplified accounting functions, ZarMoney is becoming a popular choice among business owners for their accounting needs. It seems promising in the future too with its ever-evolving functions.
Sage Business Cloud Accounting
Ideal for sole proprietors and freelancers, Sage Business Cloud Accounting also includes solid inventory management, making it a good option for retailers, particularly online sellers.
There is no payroll feature available in Sage Business Cloud Accounting, nor in the third-party apps the application integrates with, so it’s probably not the best choice for your business if you have employees to pay.
Sage Business Cloud Accounting includes numerous sales features such as quotes and estimate creation, credit notes, and the ability to customize invoices as needed.
Sage Business Cloud Accounting offers good inventory management capability.
A built-in tracking feature lets you view invoice status, including invoices sent, invoices due, and those past due. You can connect Sage Business Cloud Accounting with your bank, and the products and services option lets you manage both stock and non-stock items in your inventory. A mobile app is also available for both iOS and Android devices.
Sage Business Cloud Accounting offers two plans: Accounting Start and Accounting. Accounting Start is $10/month, with the Accounting plan running $25/month. Accounting Start is really only suitable for freelancers and sole proprietors, while almost any other type of business will need the Accounting plan, which offers more robust features.
One of the biggest benefits of using Sage Business Cloud Accounting is access to Sage Marketplace, which offers connectivity to more than 100 third-party apps, all designed to integrate with Sage applications.
Conclusion
QuickBooks is the most popular accounting software in use by small business owners. This award-winning computer software application provides an efficient way for businesses to manage their finances and simplify the bookkeeping process at a price that’s more budget-friendly than traditional accounting services. More than million small businesses use QuickBooks, including 24% of the companies on Inc. magazine’s 5,000 fastest growing companies in America list.