Starting a business in Alaska entails a lot of responsibilities. One of them is keeping your finances in check at all times. Cash flow is the backbone of every business and an efficient way of keeping track of your business’s finances is essential if you want it to grow.
Today, there’s a more comprehensive and modern way to handle your cash flow – through the use of accounting softwares. These softwares have simplified accounting and bookkeeping, allowing those who don’t have background knowledge and experience in these subjects to still be able to proficiently use them for their business.
To help you choose the best Alaska accounting software for your business, look into each of these 5 accounting softwares to manage your Alaska small business finances.
FreshBooks deserves the number 1 spot on this list because it is the best in the industry. With its practical features combined with affordable prices, it’s hard not to like FreshBooks.
For just $8.96 to $35.96 every month, you’ll be able to use FreshBooks unlimited invoicing, expense and time-tracking tools, unlimited billing and the team timesheet. You can also take advantage of free automatic updates for your plan.
Xero is another excellent and experienced accounting software with amazing features and affordable plan prices. At $6.30 to $49 per month, you’ll be able to monitor your Alaska small business’s finances with the following features:
These are just some of Xero’s features that you can use to manage your business’s finances well. If you want to know more about the software, you can read our Xero review or visit their website at Xero.com.
QuickBooks Online is the most experienced accounting software – it has been in the industry for more than 15 years. The accounting software also has outstanding features offered at a very affordable price point of $10.36 to $23.97 every month.
You can take advantage of the following features if you use QuickBooks: expense and time-tracking tool, invoicing tool, bank integration tool, instant sales and profit reports and an inventory tracker.
Freelancers can also use QuickBooks for just $7.99 every month. Use QuickBooks together with Payroll and you will be able to take advantage of a 50% discount!
Zoho Books is an easy-to-use accounting software fit for small and mid-sized businesses and even freelancers. Although it’s a new accounting software, Zoho Books has superior features which has been proven and tested by thousands of entrepreneurs.
Zoho Books’ accounting plans are priced between $9 to $29 per organization/month. Some of the features that you can use include sales order and inventory tool, expense and time-tracking tool, unlimited users, unlimited contacts and automated financial reports.
Like Zoho Books, LessAccounting is also a new accounting software but it doesn’t mean that its services are not up to par with more experienced accounting softwares.
LessAccounting’s accounting plans are priced differently. Freelancers can use the accounting software for just $20 every month, for small businesses $36 per month and for big businesses $54 per month.
With these prices, you’ll be able to use features such as an invoice management system, reporting tool, bank reconciliation tool, mileage tracker, business proposal tool, budgeting tool and forecasting tool.
Although accounting and bookkeeping is not a legal requirement to starting a small business in Alaska, keeping track and managing your small business’s tax is mandatory.
Having the best accounting software in your business toolkit will prepare you for the difficult ride when the tax period comes. You will also be able to closely monitor your business’ income and spending. Look into and take advantage of the free trials of each of these resources. You’ll be glad you did!