Accounting software applications that target small businesses have been available since the 90s, and they’ve evolved dramatically over the years. Today, all the best small business accounting software applications are cloud-based and optimized for maximum usability.
Their developers know that small businesses can’t afford to lose the focus on their core competencies, and they develop their products accordingly. Regardless of whether you’re just picking your first account software application or are upgrading from an older one, our list of top 5 best small business accounting software solutions in 2018 is here to help you choose one that meets all your criteria.
Over 4 million users worldwide rely on Intuit QuickBooks Online to manage their accounting. Regardless of where you are, you can log in to your QuickBooks Online account using a web browser to track sales and expenses, accept payments, and even pay your employees. Because QuickBooks Online resides in the cloud, there’s no reason to worry about data loss or downtime. Intuit has even developed a useful app for iOS devices, called QuickBooks Accounting, to make accounting on the go even easier.
You can get started with QuickBooks Online for free, and the most affordable plan costs only $20 per month without any discounts, which are fairly easy to come by. To manage and pay bills and generate instant sales and profit reports, you will need the QuickBooks Online Essentials plan, for $35 per month. To also track inventory and manage 1099 contractors, the $30 per month QuickBooks Online Plus plan is the way to go.
You may already be familiar with Zoho’s web-based online office suite. Zoho Books is an important part of the company’s product offering. This easy-to-use online accounting software is designed to meet the needs of small businesses and help them stay on top of their cash flow.
With Zoho Books, you can send professional invoices to clients and start accepting online payments, track and categorize expenses, automate banking by connecting Zoho Books to your bank account, generate comprehensive reports, and keep track of your inventory, just to name a few core features. If you own an iOS device, you can manage your finances and stay on top of your revenue with the all-new Zoho Books app.
Designed specifically for small businesses, Kashoo is a popular accounting software solution whose setup takes just a few minutes despite how many features it has. At the core of Kashoo is an intuitive dashboard that allows you to see how your business is doing at-a-glance in real-time and makes it easy to access other parts of the software. Unlike many other account software apps, Kashoo uses accounting terminology only when absolutely necessary, so even complete beginners seldom require more than a few minutes to figure out how to use it.
If you decide that Kashoo is the right accounting software application for you, you should also install the Kashoo Cloud Accounting app on your iOS devices to track and view your financial data on any device, anywhere, anytime, from one login.
FreshBooks is a powerful yet easy-to-use business accounting software application. It lives in the cloud, so you can access it from any computer or while on the go using the FreshBooks Mobile app, which is available for iOS and Android devices and allows you to take care of your accounting anywhere.
FreshBooks can help small businesses with everything from invoicing to expense tracking to time tracking to project organization and more. It’s also great for self-employed people who are sick and tired of wasting precious time creating invoices and trying to figure out where their business stands. FreshBooks’ simple user interface makes invoicing painless and expense tracking as simple as it gets.
GoDaddy, the popular American publicly traded Internet domain registrar and web hosting company, has released an online accounting software application aimed at designers, consultants, artists, photographers, eBay sellers, Etsy stores, Amazon sellers, and other service-oriented businesses.
To use GoDaddy Bookkeeping even on your devices, make sure to download the GoDaddy Bookkeeping app, available for iOS and Android devices. The app keeps your account information automatically in sync across the web and your mobile device, ensuring that it’s always at your fingertips.