Bookkeeping
Businesses are very demanding and need constant innovation and creativity for their exponential growth. At the same time, managing and streamlining the constant cash flow financial transactions can give a headache to most entrepreneurs. Henceforth, most small and large-scale businesses rely on accounting and bookkeeping software for small businesses to tackle their day-to-day financial task. However, choosing the best bookkeeping software for small business is a confusing task as the market is flooded with a variety of accounting software for businesses.
Depending upon the business requirements, needs, and industry type, there is a quiver of accounting software for start-ups. Some companies offer cloud-based online accounting software solutions, while some offer on-premise accounting solutions. This confuses the users in picking the best accounting app for small businesses. Henceforth, our experts have evaluated the various bookkeeping software and picked the best one based on their features, ease of use, and pricing so that you can choose the best bookkeeping application without any hassle.
Easy and Simple Accounting Software for Small Business
The best small business bookkeeping software used for both bookkeeping and accounting purposes are:
- QuickBooks
- Sage
- Wave
- FreshBooks
- Zoho Books
- Hourly
- Xero
- Oracle Net Suite
- Quicken
- Acumatica
Before investing in bookkeeping software for small businesses, you must consider certain factors. Though some companies provide free bookkeeping services for small businesses, to use their advanced version, you need to pay. The free accounting software might have provided you with the basic features; however, you are not able to use the add-ons or the advanced features to accomplish complex tasks.
The table will provide a quick comparison of all bookkeeping software.
| Software | Best Suited for | Starting Price | Mobile Application | Integration | Structure |
|
QuickBooks |
Small businesses | $ 15 per month | Yes | Yes | Cloud Based, Desktop application also available |
|
Sage |
Small to medium accounting firms | $ 50.58 | Yes | Yes | Cloud based |
|
Wave |
Small Businesses, Best free application | Free | Yes | limited | Cloud based |
|
FreshBooks |
Small and Growing Businesses | $ 4.%0 per month | Yes | Yes | Cloud Based |
|
Zoho Books |
Micro Businesses | $ 10 per month | Yes | Yes | Cloud Based |
|
Hourly |
Small businesses, start ups, sgencies | Free plan | Yes | Yes | Cloud based |
|
Xero |
Small and Growing Businesses | $ 22 per month | Yes | Yes | Cloud Based |
|
Oracle Net Suite |
Large Businesses | Custom Quotes | Yes | Yes | Cloud Bases |
|
Quicken |
Personal accounting | Yes | Yes | Cloud Based | |
|
Acumatica |
Small to mid size businesses | Custom Quotes | Yes | Yes | Cloud Based |
Now, let us have a quick, detailed look at the above-mentioned bookkeeping applications.
1. QuickBooks
Developed by Intuit, QuickBooks is the most popular accounting software that most businesses use to streamline their accounting work. The affordable accounting software allows you to create invoices, generate reports, track cash flow, integrate bank accounts, and more. You can go with this scalable accounting application. Moreover, you can easily upgrade the monthly subscription with the growth of your business. The application offers both online as well as desktop versions.
There are four subscription plans, depending on the number of users.
- Simple Start: 1 user and two accounting firms
- Essential: 3 users and 2 accounting firms
- Plus: 5 users and 2 accounting firms
- Advance:25 users and 3 accounting firms
Available For: Windows, OS X, web Based (cloud)
Mobile App: Android, iOS
2. Sage
The easy-to-use accounting application offers extensive customization options and advanced features for both bookkeeping and accounting tasks. The application is aimed at small and large business owners and offers the latest accounting features, such as invoicing, inventory tracking, and more. The Sage Business Cloud is an umbrella of various accounting software such as Sage Payroll, Sage HR, Sage Intacct, and more. You can use the regional products of Sage, such as Sage CRM Sage 200.
Available For: Mac, Windows
Mobile App: No
3. Wave
Specially designed for small businesses, Wave is a completely free accounting application. It has almost all the features of a premium accounting application, like bank reconciliation, invoicing, expense management, and more.
Available for: Windows, OS X, web application (cloud)
Mobile App: Android, iOS
4. Fresh Books
Developed on smart technology and back office automation, the cheap accounting software for small businesses makes the bookkeeping task easy. The users can easily access important financial statements like cash flow statements and bank reconciliation.
Available For: web application,
Mobile App: Android, iOS
5. Zoho Books
It is one of the best alternatives for expensive accounting software. The application is the best option for start-ups and has a lot of features. The best part is that you can accomplish various tasks through the mobile app.
Available for: web application
Mobile App: Android, iOS
6. Hourly
The software allows you to track taxation laws, track employees working hours, disburse payments, and more. It is the perfect bookkeeping application for small businesses, agencies, and start-ups.
Available for: web-based application
Mobile App: Android, iOS
7. Xero
The application is a perfect suite for micro-businesses and start-ups and provides support to unlimited users. It is a simple accounting application that allows you to pay bills, manage inventories, generate reports, and more.
Available for: Cloud-based application
Mobile App: Android, iOS
8. Oracle Net Suite
The Oracle Net Suite is a powerful accounting software that is used to automate business and accounting operations. It is perfect for large businesses with complex needs. The plethora of features, such as automation, ERP tools, and integration, allows easy access to data in real-time.
Available for: Cloud-based application
Mobile App: Android, iOS
9. Quicken
It is the perfect accounting software for individuals and families, having a lot of features. The sophisticated features such as account balance tracking and investment tracking make it the prime choice of sole proprietors. The application has limited business features.
Available for: desktop accounting software for small business
Mobile App: Android, iOS
10. Acumatica
The software is perfect for small and medium businesses and offers various features such as bank reconciliation, cash management, billing and invoicing, accounts payable, and more. Different plans are available that allow you to scale resources easily. The accounting software is a perfect fit for distributors, manufacturers, retailers, and e-commerce companies.
Available for: web-based application
Mobile App: Android, iOS
Related Page: Why Should You Hire A Professional Bookkeeper
Final Wrap Up
The right accounting software reduces the time spent in managing the business financial task. However, picking the best accounting app for small business is a challenging task. While selecting the appropriate accounting application, you need to keep certain things in mind, such as business criteria, availability of software, features, budgeting, and more. Hopefully, we are able to save your precious time and money by providing you with the top 10 bookkeeping software for small businesses. However, if you do not meet your preferred software, you can get in touch with us. We will surely help you in picking the best-fit solution.