As a business owner, one of the most important responsibilities you have is keeping track of your business’s finances. The ability to efficiently manage your company’s finances will increase your chances of success long term.
This task however, can be quite daunting and tedious. It can even become more difficult if you have no prior knowledge and background in accounting or bookkeeping. This is where an accounting software come in.
A small business accounting software can ease your workload by helping you with your daily accounting tasks. Most accounting softwares have time-saving tools such as invoicing, billing, time tracking and expense tracking features which will save you a tremendous amount of time depending on the type of business you run.
Here are 5 of our top choices of accounting softwares to assist you in managing your small business finances.
There are over 5 million FreshBooks users worldwide and this alone speaks volumes about the accounting software. FreshBooks is highly recommended by many business owners because of its comprehensive features and budget friendly prices. Some of its most notable features are:
Xero is another great accounting software, and definitely one of the most popular on the market. Aside from its awesome features, it also has very affordable prices with its plans offers for as low as $6.30 every month. Its most practical features are:
It’s impossible not to recognize the name QuickBooks Online. QuickBooks has established itself as one of the most experienced software and over the years it has amassed a solid following of users. Below are some features why many business professionals are drawn to the software.
Zoho Books is an accounting software designed for small to mid-sized businesses, freelancers and accountants. Being a new software, Zoho Books is not as popular as Xero and QuickBooks, however, it does have solid features to run your business. To give you a little idea of its features, below is a list of them.
LessAccounting is part of our top choice because even if it’s a newer accounting software, it has proven its worth in the industry. LessAccounting offers a lot of accounting tool that will make your tasks so much easier. Here’s a few of LessAccounting’s features.
There’s no law stating that it’s a requirement to have a bookkeeping system to start a small business in Alabama. However, you are legally required to monitor your business taxes. If you’re using the best small business accounting software, you’re ensured that you’ll always be up-to-date with your taxes, especially during the tax filing period.
Aside from this, you’ll also be able to monitor your business’s expenses and keep track of your cash flow. Check each software and take advantage of their free trial, you’ll be glad you did!