ACCOUNTING
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The Top-Rated Accounting Software for Small to Medium-Size Businesses
Managing your business finances can be a daunting, full-time job. But staying on top of your billing is critical to maintaining regular cash flow. Here are some options for automating processes and always having a clear picture of your money.
Intuit QuickBooks is one of the most popular accounting and bookkeeping software for small business due to its all-encompassing functionality. The program features a user-friendly dashboard for an overview of your current financial position and project profitability, customizable reporting for improved decision making, time tracking and tax deductions to reduce stress around tax time, a comprehensive payroll process, and a new hybrid sales tax options among many other benefits.
With its extensive integration abilities, QuickBooks allows you to run your whole business from their software. With QuickBooks Commerce, e-commerce stores on platforms such as Etsy, WooCommerce, eBay, Shopify, Amazon and Squarespace are able to manage orders, track inventory, improve fulfillment and access powerful insights without the need for manual data entry so you can spend more time reaching more customers and increasing sales.
Compared to other bookkeeping software, QuickBooks is on the more expensive side with their current most popular package costing $70 per month at full price. Therefore, I’d recommend QuickBooks for more established small businesses that have the budget for the extra functionality.
FreshBooks is one of the go-to online accounting services for freelancers and entrepreneurs with small business start-ups due to its Lite plan option. Users that are new to bookkeeping have access to easier invoicing with automated payment reminders, receiving payment with credit cards, the ability to track sales and view reports, and a great customer service team for assistance.
Owners of growing small businesses will be able to manage all of their financials in one place for easy management of margins and cash flow, hiring of staff, setting goals and planning for the future, and understanding their current financial health. FreshBooks also integrates with over 100 apps so small businesses can streamline their processes with both employees and clients.
FreshBooks is perfect for freelancers and small business start-ups due to its low-price entry point and the ability to grow your plan as your business and needs change.
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