The success of your small business depends on you, the owner, maintaining track of your finances. But handling money can be difficult, especially if you’re not an accountant by profession or supported technology. Accounting software automates financial processes, saves time and resources, and helps you make informed business decisions. In this article, msiu.info will review the top 5 best accounting software for small businesses.

1. QuickBooks Online – best accounting software for small businesses

QuickBooks Online is a popular accounting software that provides an intuitive and user-friendly interface for small businesses. QuickBooks offers several price plans to fit different business sizes and budgets, starting from $25 per month. Invoicing, payment processing, spending monitoring, payroll management, and tax preparation are a few of its important functions. QuickBooks also offers integrations with over 650 third-party applications, making it highly scalable.

Pros:

• User-friendly interface
• Integration with several third-party applications
• Excellent customer support

Cons:

• Limited report customization options
• Expensive compared to some competitors

QuickBooks Online is an excellent choice for small businesses that need advanced accounting features, such as payroll management, and tax preparation. The software offers an intuitive and user-friendly interface that doesn’t require specialized accounting knowledge. QuickBooks offers several price plans to fit different business sizes and budgets, starting from $25 per month. However, it’s one of the more expensive options on this list, and its report customization options are limited.

2. Xero – best accounting software for small businesses

Xero is another popular accounting software that provides excellent value for money. A number of features are available through Xero, such as tax preparation, cost management, inventory tracking, and invoicing. One of the least expensive alternatives on this list, Xero’s pricing starts at $11 per month. Xero also offers integrations with over 800 third-party applications, making it highly scalable.

Pros:

• Affordable pricing
• User-friendly interface
• Excellent mobile app

Cons:

• Limited customization options for invoices and reports
• No built-in payroll management

Xero is an best accounting software for small businesses that need a robust accounting software at an affordable price. One of the least expensive alternatives on this list, Xero’s pricing starts at $11 per month. The product boasts a simple, approachable user interface and a top-notch mobile app. However, it lacks an integrated payroll management capability and has few customization possibilities for reports and bills.

3. FreshBooks – best accounting software for small businesses

FreshBooks is an accounting software designed specifically for freelancers and small business owners. FreshBooks offers several features, including invoicing, time tracking, expense management, and project management. FreshBooks pricing starts from $15 per month, making it an affordable option for small businesses. FreshBooks also offers integrations with over 100 third-party applications, making it scalable.

Pros:

• User-friendly interface
• Excellent mobile app
• Robust time tracking and project management features