The Best Accounting Software for Small Businesses in 2024

best bookkeeping software for small business

So while Kashoo isn’t as comprehensive as competitors like QuickBooks, Xero, and FreshBooks, its customer service reputation is a definite point in its favor. Sage also offers a lot of support to first-time business owners with minimal bookkeeping experience. Its live Q&A chat lets you ask an expert financial questions during business hours, and you can always schedule an appointment with a Sage Accounting expert.

The best small business accounting software makes it quick and easy to manage your business finances and keep a clear record of profit and loss. Thankfully, Xero is a simple, straightforward online accounting software with enough functionality to accommodate a small business at any stage of growth. If bookkeeping software still feels like too much work and you decide that DIY accounting isn’t for you, Bench can take these tasks off of your hands. As America’s largest professional bookkeeping service for small businesses, that’s kind of what we do best. If you don’t use accounting software, you’ll probably catalogue your financial transactions by hand using a spreadsheet. This method can be cheaper, but it an item is considered material if means you’re doing every financial task on your own.

  1. One way to think of an ERP is as a central hub that chains together all the different computer systems that run a large organization.
  2. This ensures that businesses have a singular view of their finances, with the ability to review, edit and reconcile records efficiently.
  3. Once you start entering records and transactions, your app’s dashboard will show your data.
  4. Each Zoho product integrates easily with the rest, which means that along with accounting, you can use Zoho for project management, inventory management, and customer relationship management (CRM)—just for a start.
  5. I found the software to be extremely easy to set up and start using.

When I clicked on a feature that looked like it was included, I was frequently rerouted to a page that prompted me to purchase an add-on, which was frustrating at times. Intuit QuickBooks has a 4.3-star rating and a 4.4-star rating on Capterra and G2, respectively, with over 6,700 reviews on the two platforms. Users say the software is comprehensive in its accounting features and easy to use. However, they say that solving an issue can be time-consuming and frustrating. Best accounting software aimed at SMB users needs to be straightforward and efficient to use too, because not everyone has experience of accounting.

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Phone and chat support, plus a dedicated account representative in all plans. Add accounting widgets to your phone’s home screen; track time using your Apple Watch. Entry-level plan limits bills and invoices to five and 20 per month, respectively.

Best for Invoicing

best bookkeeping software for small business

In addition, companies looking for advanced data management, security and reporting features would find useful features in AccountEdge. One particularly notable feature set within AccountEdge is its data management and report customization features. You can customize hundreds of reports and use filters, report fields and custom lists to see only the data you need.

Easy-To-Use Platform

I could also access filters on reports by pushing the down arrow at the top right-hand corner of each report. Filters allowed me to sort reports by time period, including a custom date range. All reporting graphs were color-coded with a key for each data point. Once you’ve sent your invoice, you can then track invoices to ensure they’re paid, run reports that show the age of each outstanding invoice and apply invoice payments to specified transactions. After creating the project, I was taken to a page designated to that project.

Mobile Access

When choosing accounting software, it’s important to compare the different features offered to find the best fit for the business. Accounting software is a computer program that helps businesses to track income and expenses. This software can also be used to generate reports, such as profit and loss statements and balance sheets. QuickBooks Online has some of the best reporting and bookkeeping features money can buy.

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