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If you run a rapidly-growing small business, then business management software is vital to keep on top of everything. The right software can help your small team track cashflows, stay legally compliant, and monitor your success.
It is these reasons which explain why the market for online bookkeeping software reached a staggering record size of $11 billion last year. Accounting programs are there to assist those who aren’t able to spend top dollar on setting up their own finance department.
However, when choosing a software, it’s important to find one that fits your needs. Different programs and software exist for every type of work.
Here’s a round-up of the best accounting programs for small businesses, to help you make the right choice.
1. Quickbooks
Quickbooks is one of the most popular platforms in the industry for a number of reasons.
Perhaps most important of these is that you can use Quickbooks to seamlessly track inventory flows, making this the best platform for businesses that sell actual products.
It also provides a smooth interface for CRM, helping you to track and build client relationships. You can also use the stripped-back Quickbooks Free version to access all of the essential services without spending a dime.
2. Freshbooks
As this handy comparison between Freshbooks and Quickbooks points out, Freshbooks is equally as popular for businesses. While they both offer pretty stellar services, Freshbooks is definitely better suited toward freelancers and self-employed people.
This is because it focuses mainly on the areas which solopreneurs struggle most with. Think client invoicing, expense tracking, and billable hours. It works great for businesses, but individuals will likely find it more useful.
3. Zoho Books
Another titan of the industry, Zoho Books is one of the best value accounting services for your money. This number of features it contains is absolutely staggering.
The standout reason to choose Zoho is its in-depth business analytics tools, which allows you to measure your performance by every metric you can imagine. What’s more, all of it can be done via their handy mobile app.
4. Xero
If you’re looking for a Quickbooks alternative, Xero just about measures up. This is the platform to choose if you’re looking to automate every aspect of your finances, which Xero’s intelligent features do flawlessly.
Xero also wins points for the support available. Their 24/7 support team comes included with the base price. This means all of your questions, queries, and issues can be resolved on the day, with no extra cost.
5. Wave
If you’re low on funds and looking for a free Quickbooks alternative, Wave should do the trick. Wave primarily deals with credit card processing, payroll, and invoice generation. It’s much more stripped-back compared to other accounting programs, but it should do the trick if you’re just in need of the basics.
With over 3 million customers worldwide, they must be doing something right. It’s a completely free service, so you have little to lose by trying it.
Learn More
Finding the right accounting programs is only the start of your journey. To learn how to maximize every aspect of your small business, make sure to check out our expert Small Business Tips today.
