In today's digital world, there are a lot of options for businesses looking for accounting software. With the many choices available it can be hard to know which one is right for you. In this post we'll review some of the best accounting software and help you make an informed decision about which system will work best with your needs as a small business or solopreneur.
1. Xero
Xero is a cloud-based accounting program with plenty of add-ons, so you can customise it to fit your needs. It's a great option for those looking to improve their cash flow management thanks to the handy dashboard display which allows you to see exactly how much money is entering and leaving your business. It's also one of the most user-friendly choices out there and doesn't come with a steep learning curve.
One of the best features of Xero is that you can automate bank feeds so that you no longer have to manually import your statements. It's also one of the best programs in terms of integration, so you can easily connect it to a multitude of third-party apps to create more efficient business processes.
2. QuickBooks Online
Another popular choice is Quickbooks Online. It's a great (and affordable) way to manage your expenses and income along with keeping track of invoices sent through the system. Quickbooks also works with a whole host of other business apps and tools, including PayPal, Gusto and Expensify.
3. Freshbooks
If you're looking for a simple invoicing and billing system, FreshBooks is the answer. This is an ideal solution for solopreneurs with relatively simple accounting needs. Freshbooks makes it really easy to track your time and income by client or project, so that you can identify your most profitable activities. It's also great for automated invoicing and reminders, and it's easy to set up - no need to call in an IT expert.
4. Dext
Formerly ReceiptBank, Dext is a multi-purpose platform that can help you to streamline your sales and payment process, prepare accounts easily and communicate more clearly with your clients. It's extremely streamlined and easy to use, giving you a quick overview of your income and expenses as well as greater insight into your client data and productivity.
5. Sage
For solopreneurs, Sage is a great option when it comes to accounting software. It's well-known for its user-friendly interface and ease of use, but also offers the features you need to manage your business finances effectively. This software gives you greater financial visibility, makes tax ten times easier and puts you in control of your cash flow.
6. GoDaddy Bookkeeping
You might know GoDaddy as a domain registrar and internet hosting company, but it also offers a handy bookkeeping solution that's ideal for online business owners. This platform allows you to sync your Amazon, Etsy and eBay accounts to easily keep track of all your sales and data, and it also features easy-to-use invoicing features.
7. Wave
Wave is a free accounting software with a range of great tools, including invoicing and billing. It's simple to use and works well for small businesses with straightforward accounting needs. There's no limit on the number of users, either, and all of the basic features, such as expense tracking and financial reporting, are free. However, Wave does have rather limited third party app integration capabilities and it charges higher credit card fees than most other platforms. Payroll is also an add-on service.
Summary
It can be difficult to decide on the right accounting software for your small business. However, with the right information at your fingertips, you can make an informed choice about which system will work best with your needs. If in doubt, speak to your accountant or business consultant/advisor as they will be able to help you understand which software is most suitable for your needs.
For more info on starting or managing your business, why not read some of our other blogs to help simplify things.
If you have any questions, do feel free to get in touch with us!
Have a great week,
Ben & The BR Team.
Archive
-
22Sep
2022 -
20Sep
2022 -
15Sep
2022 -
13Sep
2022 -
08Sep
2022 -
06Sep
2022 -
01Sep
2022 -
30Aug
2022 -
25Aug
2022 -
23Aug
2022 -
18Aug
2022 -
16Aug
2022 -
11Aug
2022 -
09Aug
2022 -
04Aug
2022 -
02Aug
2022 -
28Jul
2022 -
26Jul
2022 -
21Jul
2022 -
19Jul
2022 -
14Jul
2022 -
12Jul
2022 -
07Jul
2022 -
05Jul
2022 -
30Jun
2022 -
28Jun
2022 -
23Jun
2022 -
21Jun
2022 -
16Jun
2022 -
14Jun
2022 -
09Jun
2022 -
07Jun
2022 -
02Jun
2022 -
31May
2022 -
26May
2022 -
24May
2022 -
19May
2022 -
17May
2022 -
12May
2022 -
10May
2022 -
05May
2022 -
03May
2022 -
28Apr
2022 -
26Apr
2022 -
21Apr
2022 -
19Apr
2022 -
14Apr
2022 -
12Apr
2022 -
07Apr
2022 -
05Apr
2022 -
31Mar
2022 -
29Mar
2022 -
24Mar
2022 -
22Mar
2022 -
19Jan
2022 -
05Jan
2022 -
29Dec
2021 -
22Dec
2021 -
15Dec
2021 -
08Dec
2021 -
01Dec
2021 -
24Nov
2021 -
17Nov
2021 -
07Nov
2021 -
03Nov
2021 -
29Oct
2021 -
27Oct
2021 -
20Oct
2021 -
13Oct
2021 -
06Oct
2021 -
29Sep
2021 -
22Sep
2021 -
15Sep
2021 -
08Sep
2021 -
01Sep
2021 -
25Aug
2021 -
18Aug
2021 -
21Jul
2021 -
04Mar
2021 -
19Feb
2021 -
18Feb
2021 -
08Feb
2021 -
04Feb
2021 -
02Feb
2021 -
01Feb
2021 -
26Jan
2021 -
18Jan
2021 -
12Jan
2021 -
06Jan
2021 -
03Jan
2021 -
29Dec
2020 -
22Dec
2020 -
04Dec
2020 -
24Nov
2020 -
01Nov
2020 -
14Jul
2020 -
30Jun
2020 -
22May
2020 -
10Apr
2020 -
06Apr
2020 -
20Mar
2020 -
11Mar
2020 -
19Feb
2020 -
09Apr
2019 -
09Apr
2019 -
19Mar
2019 -
13Mar
2019 -
28Feb
2019 -
04Dec
2018 -
13Nov
2018