A Guide to Small Business Accounting Software Options
It is crucial that bookkeeping is done in the correct way for each business and small businesses are not an exception. Besides the danger of being accused with serious legal charges, you will also lose money if you cannot maintain a proper record. By good fortune, small business owners can efficiently manage their finances with help from innovations from the field of technology. A lot of different software are available in the market, and your decision will be based on the one you favor. This article will address various small business accounting software that you can use.
There are two classes of business accounting software namely open source and proprietary software. Proprietary software is easy to use and are the best choice for small businesses. In that case, this work will address the proprietary software. We begin with QuickBooks by Intuit that is among the most popular software. The most important advantage of QuickBooks is about its user-interface. It is user-friendly and avails the options of conveying invoices and receipts, tracing of income and management of taxes with a few clicks. In that case, you can manage your staff and contractors efficiently. Freshbooks is the second software that ranks among the best. It is exceptionally user-friendly and available for both iPhone and Android platforms. This availability in mobile apps allows you to access Freshbooks from essentially everywhere. Freshbooks is popular for its invoicing and time management abilities.
Zoho Books is the other kind, although not quite common as QuickBooks and Freshbooks. Zoho Books is user-friendly and works well that it is contrasted with the best. It supports both Android and iPhone operating systems and can, therefore, be employed on a computer or a mobile phone. Xero follows after and it works on both iPhone and Android operating systems. Xero thrives in mobile conditions and is very helpful in in-depth financial analysis. However, it contains add-ons that you must download for it to serve the function of receiving payments.
Sage 50cloud is another software ideal for small business, which is simple to use and its functionality compares to the most popular one; Freshbooks and QuickBooks. Moreover, in some areas like for example automation it may be thought of as better. The drawback of this software is that it reasonably costs more. Wave is an additional software with many free functions. It is the best choice when you cannot afford a more powerful software.
Last but not least, there is Onpay, which is well suited for businesses that are small and medium in size. It can do all the necessary bookkeeping tasks.