Accounting is an important aspect of running a business. Companies need to have an efficient system of maintaining their vital financial records. In this article, we are presenting a list of the best small business accounting software. These solutions will be useful for startup owners looking for cost-effective tools to maintain their books. Business owners need to ensure that their accounts are in perfect order as a failure to do so can affect not only their enterprise but their personal reputation as well. It can affect their personal financial outlook. This can cause issues when they need financial help. They may have to explore options like approaching agencies which help people get personal loans for poor credit score. Let’s take a look at some software packages which can help entrepreneurs manage their accounts properly.
1. QuickBooks
One of the most popular accounting software solutions, QuickBooks is ideal for small firms as well as freelance professionals. It is equipped with a user-friendly interface which can be navigated easily. Subscribers can access their profiles from anywhere in the world as the service runs on a cloud-based platform. They can allow multiple users to handle their books and generate invoices, manage cash flow, and create accounting reports. The solution also lets users conduct online banking transactions and keep track of employee working hours.
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2. Zoho Books
Zoho is a reputable name in the accounting software solutions industry. Its Zoho Books software is a cost-effective solution that is suitable for small businesses. Entrepreneurs can automate their business workflows and let their workforce collaborate through the tool. The solution helps them in organizing their finances and fulfilling the tax requirements of the company. It is an easy to learn platform with an excellent support system which clients find helpful.
3. Xero
The next name on this list of top small business accounting software is Xero. it is an amazing product which handles even complicated tasks like double bookkeeping effortlessly. People love to work with its user-friendly interface which includes a dashboard which they can customize according to their preferences. The solution allows them to manage their invoices and track the inventory. It also assists them in handling payroll for unlimited employees in multiple locations. The product comes with excellent security features to protect critical business information from breaching.
4. Sage Intacct
Sage Intacct is a cloud-based financial management solution offers customized solutions to a wide range of industries. It is used by accounting services companies as well as companies located in healthcare, hospitality, wholesale distribution etc. The product offers basic accounting features like managing the general ledger and maintaining accounts payable and accounts receivable. It comes with multi-currency support meaning it can be used for recording details of cross-border transactions. Sage Intacct also helps users manage their workflow and track their inventories. It is an ideal product for small financial companies which help people get small personal loans online or deal in other similar products.
5. FreshBooks
A popular and award-winning software solution that is widely used by all kinds of businesses is FreshBooks. It provides users with a dependable set of financial management tools that helps them conduct even the most complex tasks easily. Apart from the usual accounting and time-tracking features it also provides the facility of online payments. The service supports major third-party payment services like Stripe, Shopify, PayPal etc. It also offers mobile apps for iOS and Android users so that business owners can manage their finances from their personal devices anywhere in the world.
Conclusion
Maintaining proper accounts is essential not only for efficient financial management but it also helps a business avoid legal trouble. Entrepreneurs must invest in getting any of the above mentioned small business accounting software solutions. These tools will be helpful in maintaining financial records in an error-free manner and improving productivity.
Author bio
Soniya Sharma has been working as a professional charter account at loanClix – Best home loan finance company in India. She loves to share excellent stuff about home equity loan, low-interest personal loans etc. You can also follow her on various social media platforms such as Twitter, Facebook.
