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As a startup owner, you need to look for an accounting software that is affordable and easy to use. You also need a program with time-saving features that can simplify everyday tasks. Additionally, you should look for a piece of software that can perform advanced tasks, such as data synchronization and built-in financial reports. Here is a roundup of the top five software that meet the requirements stipulated above.
QuickBooks
QuickBooks is easy to use and offers affordable packages for different business owners. This includes freelancers, online merchants, consultants, service providers and restaurant owners. It has features that allow you to track income and expenses, import credit cards and bank statements and prepare yearly tax reports. You can set up a customized dashboard on the app based on the type of business you operate. The dashboard updates regularly to ensure you have a more intuitive interface. All subscriptions come with a 30-day free trial. The software also integrates with over 150 third-party apps to enhance user experience.
Zoho Books
Zoho Books is an ideal software for sole proprietors, especially home-based investors and freelancers. This software comes with the latest features that perform tasks very quickly, allowing you to save a lot of time and increase productivity. You can easily automate workflows and online payments systems. The software allows you to do this by streamlining all business process and keeping everything up-to-date in one interface. Zoho Books costs $24 per month and has a 14-day trial period. This price allows you to access all features without any limitations.
Wave
Wave targets business people who have fewer than 10 workers. The app usually serves consultants, store keepers and even freelancers who have between three to five employees. It allows you to connect to your bank account to track your expenses and income. It, then, generates financial statements, such a balance sheets, sales tax reports, and profit and loss data. You can also set the software to remind you about payments for customers and acceptance for invoices. Wave is free for those who want to do prepare invoices and scan receipts. However, it charges extra fees for those who would like to access the payroll and credit card services. The fee ranges from $11 to $19.
FreshBooks
FreshBooks is a good software for businesses who deal with invoices. It allows you to create custom invoices and track your expenses with a single click. The time-tracking feature enables you to see how long you and your employees take to work on a project. You can also accept credit card payments online and prepare financial reports, including balance sheets and profit and loss statements. The software can also integrate with other small business apps. The price ranges from $15 to $50, depending on the number of people who will use the software.
Bookly
Bookly has dedicated accounting experts capable of handling your bookkeeping problems effectively and monthly financial reports in real time. It enables you to develop income statements, balance sheets, business tax files, tax consulting, professional invoices and online payrolls. You can also integrate it with third-party business apps to enhance your financial management plans. The bookkeeping option goes for $121 per month. Additional services such as tax preparation and payroll management will cost $339.
Choosing a good accounting software for your small business means the difference between completing your projects on time and having tasks unattended to. The list of accounting software discussed above will provide the perfect solution to all your accounting and bookkeeping needs.