How to Choose the Best Accounting Software for Your Small Business

How to Choose the Best Accounting Software for Your Small Business

Jul 21, 2020, 5:30:23 AM Life and Styles

An online accounting tool should be available to more than one user. Whether it's your business partner, your secretary or your accountant, this feature will make the whole accounting process much easier.


Accounting software is an extremely important part of your business. It helps you to keep track of all purchases, supplies and expenses in order to manage your finances. So, it's essential that you spend some time deciding on an accounting tool that suits your needs best.


Finding the perfect accounting tool for your small business can be tricky, which is why we have prepared 7 handy free financial management tools for you.


Money management tools make it easy to track your personal finances while also providing insightful advice on how to improve your financial situation.


A handy accounting tool is one of the most important features that you need in your finances. No matter what industry you belong to, a good accounting tool will be very useful to manage your expenses and investments. Therefore, we've analyzed some of the main features of handy accounting tools so that you can find the perfect tool for your needs.

Available to multiple users


A variety of practical tools can be found in our handy accounting app. These include mobile access, allowing users to view their accounts on the go and make changes instantly, as well as some basic features that help you manage your finances such as exporting data securely and sharing reports easily with other users.


With a handy accounting tool, you'll be able to maintain accurate records of all your business transactions with one tool. Together with your accountant or bookkeeper, it will ensure you're always on the right track and find out where your money goes.


An accounting tool will help you to organize your finances, plan your income and expenses, and so on. Choosing the right tool could make or break your business. Before proceeding with the process of finding an accounting software, we recommend that you take a look at these 7 popular accounting tools.

Mobile access

Business people on the move will appreciate an accounting tool that can be accessed on a mobile phone. Therefore, it should have a mobile-friendly website or app so that you can easily access it when you are not at your computer.

Now that we've highlighted some of the most important requirements for a handy accounting tool, we'll present seven practical tools to help you manage your finances and improve your financial policies.

Xero

A good choice for budding entrepreneurs who need a reliable accounting solution that can be used across multiple devices. With its simple interface and easy-to-use app (available for both Android Xero and iOS Xero), Xero meets the many requirements of small business owners.

The tool does not limit the number of different users you can add to your account, which is a great advantage for business owners who are on the threshold of their personal Stock Software for Small Business and need the help of different consultants or accountants.

Quick Books


In addition, the basic package includes options such as invoicing, special expense reports and 1099 forms, which is a financial advantage for any new business owner.

Xero offers a free trial period during which you can try its services and see if it improves your accounting experience.

Entrepreneurs who need fast and efficient bookkeeping can try QuickBooks.

This accounting tool helps you get all the accounting services you need without wasting a fortune. The most convenient option of this tool is task automation, which is very helpful when scheduling payments for your clients.

Another important advantage is the support they offer, which is always available to clients. Moreover, you can contact them via chat or phone, or you can write to them via email to resolve any issue as quickly as possible.

However, unlike Xero mentioned above, the basic package offered by QuickBooks is limited to one customer. Therefore, this tool may be a better option for entrepreneurs with some experience in accounting.

Zoho Bookshop

If you want an accounting solution with only the basic features that every small business owner needs, Zoho Books is the right choice for you.

Its simple, intuitive design and user-friendly features make it popular with home-based workers, freelancers and sole traders - entrepreneurs who want to be confident in their own resources. Accordingly, Zoho Books enables the following accounting functions.

Edit financial documents on the move

Generate business reports

Track daily business expenses

Create and send estimates and invoices

Connect bank accounts.

In addition, its user interface ensures fast and seamless use, an important feature for business owners who are not familiar with modern software tools but do not want to waste time on lengthy accounting tasks.

Fresh Books

Fresh Books is another accounting tool with a book in its name and is known for its mobile-friendly usability. It also focuses primarily on small businesses, which is why it created the feature with SME owners in mind.

Accordingly, you can download the Fresh book iOS app or its Android version and enjoy the benefits of working in the lounge of your local airport café. However, make sure you register and open an account on the Fresh Books website first.

As for the core accounting Point of sale Software for apparel stores features offered by Fresh Books, an amateur who wants to become an SME accountant can rely on the following options.

Expense accounting - keep track of your expenses wherever you are.

Payment options - seamless payments via credit card and PayPal account, as well as automatic payments



Published by Ashley Kinsela

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