As a small business owner, you probably have a tight budget and can’t afford to hire your own accountant.
Luckily, technology has made it easier than ever to manage your business with the help of special resources like accounting software. But, how do you know which accounting software is best for you?
As the owner of a small business, you don’t have the time to look around and compare software programs, so here are a few of the best ones out there and some of the features they have to offer:
INTUIT QUICKBOOKS ONLINE
QuickBooks makes it easy for you to manage your company’s money by providing you a dashboard where you can view your profit and loss, expenses, sales, invoices, and bank accounts.
You can connect to your bank account to categorize transaction and use third party apps to store receipts with QuickBooks. The software can also help you track business miles!
The software is featured in a number of tutorials and webinars, and a free demo is available online. QuickBooks subscriptions rage from $5 to $30 a month. For more information, visit quickbooks.intuit.com.
You can create a free account with Wave to track your income and expenses as a small business owner. The software allows you to connect your bank cards, generate automatic reports, invoice your clients, scan your receipts, and pay your employees.
This software is available in several countries and features unlimited tracking, guest collaborators, foreign payments, bill and invoice reminders, cash flow reporting, personal finance tools, and much more.
The software itself is free, but payroll services cost a base fee of $20 with an additional $4 fee per customer. It is a great option for a small business just starting out with very little to no money to spend on accounting. For more information, visit WaveApps.com.
AccountingEdge Pro allows you to
run your payroll and manage your accounts on your desktop. Some of the features offered with the software include sales, invoicing, purchasing, inventory, time billing, and much more.
The thing that makes AccountingEdge Pro stand out is that it offers access to the account through the Cloud app, AccountEdge Connect, which allows you to manage your company from your smartphone or tablet.
The only downside to this software is that you have to pay for add-ons like payroll, credit card processing, checks, forms, and more. However, everything else is free. For more information, visit AccountEdge.com.
WHAT IS THE BEST SOFTWARE TO USE FOR SMALL BUSINESS ACCOUNTING?
If you have no budget for accounting, you should check out Wave or AccountingEdge Pro. They both offer basic services for free and are a good way to start your business in the right financial mindset.
If you can afford a monthly fee of up to $30, QuickBooks is the way to go. You get a ton of features without having to pay for add-ons, and you can even try the program for free before purchasing a subscription.