Accounting and bookkeeping are essential tasks when starting a business in California, or in any other state. However, this is not the easiest job to do, it requires some knowledge and experience to keep track of your business’s finances.
For some entrepreneurs, they would opt to hire an accountant or a bookkeeper to do the job for them; however, this is good for those who have enough capital. But if you’re on a limited budget, you may just have to learn the skill yourself – this will cut the cost and you’ll be able to do the math yourself.
Seems to be a good idea right? However, accounting simply can’t be learned in an instant, and as a new California small business, you can’t afford to commit errors and mistakes during the initial stages of starting your company – it can be very crucial.
If you’re starting to worry, don’t – there’s a great solution to this problem – use a small business accounting software. Accounting software solutions have been the go-to for many entrepreneurs for several years now; they’re efficient, affordable, fast and highly reliable. These tech solutions will keep you updated and will perform every single accounting-related task with precision.
If you want to join the bandwagon, look into each of these 5 accounting software options to manage your California small business finances.
FreshBooks is a modern and intuitive accounting software, used and trusted by more than 5 million entrepreneurs all over the world. Forbes magazine dubbed FreshBooks as “incredibly user-friendly” – because the software basically makes accounting and bookkeeping a simple task.
Known for its highly affordable pricing which starts at $8.96 to $35.96 monthly, combined with its practical features – FreshBooks deserves the number one spot on this list. Some of the tools that you can use are those that make sending invoices, tracking time and capturing expenses so much easier.
You can try FreshBooks for free without any credit card for 30 days. For more information about FreshBooks, visit FreshBooks.com or read our comprehensive review.
Xero is an excellent accounting software, which is why it’s on this list. If you’re looking for an experienced and highly established accounting software – look no further because Xero is what you’re looking for. It’s one of experts in the accounting software industry and many entrepreneurs trust and rely on Xero for their accounting and bookkeeping tasks.
Known as the best “QuickBooks alternative”, Xero is a great accounting software in its own right. To prove its simplicity and user-friendly vibe, the software offers services which include a free QuickBooks conversion tool, over 400 business app integrations, multiple user interface and built-in timesheets.
Xero is also one of the most affordable in the market, monthly subscriptions for its plans are priced between $6.30 to $49.
Who doesn’t know QuickBooks? Like Xero, it’s one of the most experienced accounting software options in the industry. Being a premier accounting software, entrepreneurs worldwide say that QuickBooks is their number one choice when it comes to getting their accounting tasks done.
QuickBooks services are proven and tested, and although its plans are a bit pricey, you’ll get everything that you pay for – and more! Some of the accounting software’s most notable features include a bank reconciliation tool, automated financial reports, third-party integrations, mobile app and free upgrade of your selected plan.
Zoho Books is an easy-to-use accounting software, specifically designed for small businesses. Unlike the rest of the accounting software options on this list, Zoho Books is a newer class of software.
Although it’s not the most experienced, Zoho Books has the most modern and superior features in the entire industry. Aside from its quality services and time-saving tools, Zoho Books also boasts of its affordable plans which are priced between $9 to $29 per month.
If you use Zoho Books some of the tools that you’ll be able to use include an invoicing, time-tracking and expense tracking tool, tax management system, financial reports, multiple-user support, multi-country and multi-language support.
LessAccounting, like Zoho Books is also a new software, but has competitive features and affordable pricing. One thing that I noticed about LessAccounting is its simplicity and ease of use; its tools, although very modern are very user-friendly.
If you want to be able to customize your invoices, store hundreds of templates, take advantage of a mileage tool, integrate hundreds of business solutions, read automated financial reports and statements and import data, LessAccounting may just be the software for you. It even has a 14-day free trial!
Bookkeeping is not a mandatory requirement when doing business in the state of California, but keeping track of your business’s taxes is. The majority of small business owners scramble to get things done during tax period, they don’t realize that they can avoid this situation if they have the right accounting software in their business toolkit.
Knowing this, you need to choose the best California accounting software that you can find. There are many accounting software solutions offered online, you need to be very keen when choosing the best accounting software for your California startup. However, if you’re looking for the best of the best, the 5 resources above belong to this category.
So stop using spreadsheets and pay close attention to these resources and try their free trials, you’ll be happy you did!