Advanced features include double entry, payroll integration, project cost tracking, customization options and the ability to sum of years’ digits method collaborate with an accountant. FreshBooks offers four plans starting with the Lite plan at $19 per month ($9.50 per month during the current promotion). This plan allows users to send unlimited invoices to up to five clients, track unlimited expenses, send unlimited estimates, track sales tax and accept credit card payments. Neat just has one pricing plan making it easy for business owners who have a hard time deciding on which plan to choose.
Best for Maximizing Tax Deductions
To sign up, I first set up my account by filling out a simple form with my name, company name and contact information. Xero earns a 4.4-star rating on Capterra and a 4.3-star rating on G2. They appreciate that the software’s automations create business efficiencies. Overall, they have mixed feelings about its affordability for small businesses and the quality of its customer service. Many complain that the software needs more bank feed integration options and customization options.
Xero is a good choice for small businesses that are looking for an accounting software with payroll capabilities. The software is also a good fit for businesses that are growing quickly and need to track projects and organize their documents efficiently. Along the top of the interface is a menu with options such as “business,” “accounting,” “projects” and “contacts.” When you click a menu option, you are given a list of options. For example, when you click “projects,” you are given the option to go to your list of projects or a report of staff cost rates.
Still, I could at least right-click on its listing in “unfiled” documents and move it to a folder of my choosing, allowing me to save it as an expense I could refer to later come tax time. With these always at the top of my screen, I could easily complete key actions. However, not all actions were as useful as they would seem at first glance. When I clicked “+ create,” then “invoice,” I was taken to a long form to fill out to create an invoice. It was highly customizable, allowing me to answer details about the invoice that would aid in filing it in my storage system and making it searchable. For example, I began by entering basic invoicing information, such as the vendor’s name, the invoice number, the date and the amount and due dates.
Also research customer support, customer reviews, integration capabilities and growth potential. All in all, I would say that this software is easy to use but I would have preferred it included some features it lacked, such as the ability to send payable invoices from the platform. It was also confusing at times, given that features I expected it to have were nowhere to be found, such as automated sales tax calculations on the invoice form. ZarMoney earns a 4.7-star rating on Capterra with 83 user reviews and a 4.8-star rating out of 24 user reviews on G2.
Comprehensive accounting software for growing businesses
Some say they preferred the legacy version of the software rather than the cloud-based version. They also find it frustrating that they often have to log in repeatedly due to software glitches. Neat offers several key features, including extensive document management features, its patented optical character recognition (OCR) software and its mobile application. Neat is popular with self-employed entrepreneurs because it’s easy to use.
- On the project discussion forum accessible from a project’s page, I could even attach documents such as checklists, and the entire team could discuss the project via a chat-like feed.
- We wanted to get their opinion about how simple the software was to use and that, according to recent users, the companies provided satisfactory customer service.
- And because it’s a cloud-based system, you’ll be able to access your real-time accounting and other business data on the go from anywhere.
- Within each form, I was also given the opportunity to attach documents as necessary, such as receipts, contracts or quotes.
Zoho Books
One of the most straightforward accounting software I have used. With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions. Get paid and manage your money with a business bank account. Jennifer Simonson draws on two decades as a journalist covering everything from local economic developement to small business marketing. Beyond writing, she tested entrepreneurial waters by launching a mobile massage service, a content marketing firm and an e-commerce venture.
The free version of the accounting software lets you track income and expenses, send unlimited invoices and automatically send reminders for late online payments. It also gives you access to more than a dozen pre-built financial reports, including a profit and loss statement and balance sheet. Our top free bookkeeping software recommendation is Wave Accounting. It offers fully featured reports and full accountant and bookkeeper access. Along with unlimited users, it lets you add unlimited bank accounts and credit cards for easier (and more accurate) bank reconciliation.
Talk to sales
Further, another “item type” button offered more filter options when clicked. I could filter for only receipts, mileage, bills, contacts, documents, invoices, statements or checks. Still, another button labeled “column” gave me the option to add or remove columns from the list of documents, such as document notes, categories, descriptions or date added. Neat earns a 4.0-star rating on Capterra with 100 user reviews and a 4.4-star rating on G2 with 10 reviews. They like that Neat offers advanced document management tools such as the ability to search PDF documents and compatible scanners with double-sided and multi-size scanning capabilities.