The Top 7 Business Accounting Software Tools for Startups

Best Small Business Accounting SoftwareWelcome to Startup Savant’s list of the Top 7 Business Accounting Software tools, meant to be a resource for prudent entrepreneurs that keep their ears to the software-grindstone. Because nothing, absolutely nothing, is more important to your brand than its financial health.

That said, let’s dig in. We”ll list them starting with our #1 Pick, then lay each out with basic pricing and some snippets of info to give you an idea of where they’re coming from.

We’ve also provided links to corresponding reviews so you can take a deeper look if you want. Enjoy!


$6.30 to $49/month

One of the more experienced accounting software providers and a great option if you want to manage your company’s cash flow virtually. Features include a bank integration tool, inventory and payroll management system, built-in timesheets, the works! They also provide an assortment of high-level learning resources.


$8.96 to $35.96/month

Comprehensive accounting software at its finest with 5 million users and growing. One of the best, fans adore their time-saving and practical features. Aside from basic tools like invoicing, time-tracking and business expense tracking, FreshBooks includes a payment history tool, daily dashboard, a great mobile app and more.


QuickBooks Online
$10.36 to $23.97/month

With over 15 years in the industry, QuickBooks Online is the most experienced and popular accounting software. It is the top choice of business owners, freelancers and organizations because of the quality of their solutions, their proven track record, their community, and the quality of their solutions.


$20 to $49/month

Definitely included in this list! While new in the online accounting industry, they’ve catapulted in popularity because of their practical features like the mileage tool, customizable report templates, robust CRM, import data and business app integration tool, and more. Especially popular among freelancers and solopreneurs.


Wave Accounting
Free to $19/month

Accountant-approved software with multi-currency and multi-language support, unlimited expense tracking, bill and invoice reminders, unlimited invoicing and the business payroll system. You can add premium tools and for a monthly subscription of $19, you can integrate the payroll management system and the premium support.


Sage One
Free to $5/month

Sage One may be another newcomer gaining ground fast in our entrepreneurial age because of their features like customizable quotes and estimates, bank integration, share and collaboration tools, and multi-currency support. Even their free version has an incredible suite of nifty small-biz-friendly solutions.



Kashoo is another one-stop-shop accounting tool. Some of their more interesting features are a bank reconciliation tool, receipt scanning, quick entry feature and unlimited customer support that’s hard to beat because they’re still growing and not as big as some of their competitors on this page. Absolutely worth a look-see.

Pros and Cons to Using an Accounting Software


  1. Since you are using an accounting software the chances of human error is less likely. All accounting software tools are extremely accurate.

  2. By using an accounting software, you’ll be able to save some serious amounts of time over the lifetime of your business. Financial reports are totally automated.

  3. If your business needs to send out invoices, you can customize and send them out with your accounting software. This’ll help you get paid faster!

  4. No more calculating on your own because most accounting softwares will automatically calculate your financials for you.

  5. An accounting software is extremely useful for keeping an eye on where your money is going through expense tracking.


  1. Since the accounting software tools are web-based, an internet connection is required.

  2. An accounting software most likely won’t be the ‘end-all’ for keeping your business finances in check. It’s possible that you’ll still need an accountant depending on the nature of your business.

Which Is the Best Accounting Software?

Winner - Which Should You ChooseAt the end of the day, the choice is up to you. Go through each of the tools and check out each of the tools based on your business’ needs.

However, after putting together each review and trying the accounting tools on this list, you can’t go wrong with either Xero or FreshBooks. Both are the top in the industry and offer free trials so you can try them yourself. But at the end of the day, Xero is our top pick and the best for small business owners.