Every business has accounting needs that will vary widely based on the type of business that you run and how large the business is. Software can be expensive or really cheap depending on the special features and tools it comes with. You definitely don’t want to buy accounting software that is not powerful enough to handle your day-to-day needs, but you also want to avoid paying for features that you will never use. Service businesses, like air conditioning and heating repair companies, can face some challenges with accounting.
In brief, let’s examine a few of the best accounting software packages for your business.
Zoho is great for very small businesses, such as sole proprietorships or self-employed consultants. It is really easy to learn and will do anything you need it to if you are just starting out. Zoho offers unlimited users and a mobile app for instant access to your business’s financials.
At $24 a month, Zoho isn’t the cheapest accounting software you will find, but it is one that will grow with your business. This flat monthly rate gives you access to all of the software’s features.
QuickBooks is a well-known name in accounting software. With this online version, you’ll get a low monthly rate – just $9.99 for a single user – and a trusted product. Like Zoho, it’s also good for very small businesses, but it can handle restaurant and service industries well, too.
QuickBooks Online is well-rounded accounting software that gives users the ability to track many elements of their income and spending, and it helps with tax preparation as well.
Xero is Mac-friendly accounting software that offers great value and flexibility. The software is compatible with PCs also, but Mac users will find a few extra features packed in especially for them. The Xero Starter plan is only $9 per month, and users do not have to sign a contract, so they can cancel at any time.
Xero also offers Standard and Premium plans for $30 and $70, respectively, which will mainly differ in how many employees you have on payroll. This software’s value is definitely seen in its capability to take on unlimited users with no extra cost and no fees other than your monthly payment.
FreshBooks is the best choice in accounting software if you need to do a lot of your work on the go. The mobile app that accompanies your online subscription is fully integrated with its cloud-based counterpart. You can create invoices and many other tasks right from your phone.
Signing up is easy, and many users report that they were pleased to find out that a credit card isn’t required upon your initial setup.
Is it possible…it’s FREE?
Yep! Wave Accounting has no monthly charges for its basic plan which can support a business with up to 10 employees. Wave is intended for small businesses that intend to stay small.
Getting started with Wave Accounting is very simple, and you can sync your account with your Google or Yahoo account and have access to all your contacts.