Practical Software for Start-ups and Small Businesses

Easy Accounting Softwares For Startups And Small Businesses

A variety of affordable online accounting software has made it easier for small businesses to manage their finances. Accounting software allows business owners and accountants to collect all the financial information they need in a single system to track and monitor the financial health of their business. [Sources: 1, 17]

Whether or not you use the best accounting software for your small business depends heavily on what your business is and what it does. This means you should try different packages to help you choose the right accounting tool for you and your smaller accounting needs. A good account for small businesses allows you to manage the company’s finances and balance the books with the level of accounting you bring with you. [Sources: 0, 4, 17]

Xero is an intelligent accounting software tool aimed at small businesses with a focus on ease of use and mobile benefits. If you are a retailer or if your business accounts are straightforward, a number of users have chosen Xero as the best software for small businesses that they find easy to use. However, depending on your specific needs, it is your best smaller accounting software for you. [Sources: 13, 14, 17]

Small businesses are looking for a complete and user-friendly accounting solution. QuickBooks Online accounting software has a number of features that appeal to small businesses and small business owners, with an emphasis on ease of use and mobile benefits. It is the best – for anyone who just needs a simple, simple – accounting tool for their business accounts. For the small business owner who needs everything streamlined, Quickbooks offers the best services and features with the most advanced features. [Sources: 0, 7, 16, 19]

If you are a small business owner who is in the market for something very simple and doesn’t want to pay for an accounting app, you can put all your business’s accounting data together in one place and put it together on your mobile device. If there is a part of the company that can generate and use data, it can benefit from the accounting software for small businesses. Simply put, if this area is not your strong suit or you don’t like the idea of working with an accountant who directly oversees corporate finances, just use a software solution like QuickBooks and do what you want. [Sources: 0, 8, 10]

As you can see, FreshBooks, QuickBooks, and Xero are by far the most popular accounting software for small businesses and startups. In our Small Business Tools Overview, we recommend you read our list of the most user-friendly accounting tools for start-ups and smaller businesses. Freshbooks is a well-known organization that provides comprehensive cloud-based accounting software specifically targeted at start-ups or small businesses. ZipBooks is the solution for all small business owners, including freelancers, consultants, and sole traders who are familiar with the accounting process. [Sources: 2, 5, 9, 12]

In addition to QuickBooks, Hyland points to other commonly used accounting software for start-ups and small businesses. Quicken allows you to manage your personal and business finances in one place, making it a great choice for home-based entrepreneurs and freelancers who don’t need the same level of control over their finances as accounting software designed for larger, more established companies like Xero. Listed up 4 out of 20 times, this is an online small business accounting software that allows users to create and send invoices, manage inventory, and more. The free account also allows for automated workflow for up to 5 customers, making it ideal for smaller businesses that are not willing to shell out a monthly subscription fee. [Sources: 3, 5, 11, 14]

For truly small businesses and startups, Zoho Books offers a variety of tools to track your growth. In such a dynamic industry, it is especially important to be able to deploy accounting software for your small business, especially if you are using it as part of a larger, more established business such as a law firm, auditing firm, or consulting firm. [Sources: 7, 18]

Small businesses are looking for a fully functional accounting solution that is relatively easy to use, and their accounting software should be tailored to your needs. We have listed some other solutions for your business that might fit here, as well as some options for small businesses that want to play their game with a more advanced accounting system. [Sources: 0, 7]

Startups and very small businesses can get away with using free accounting software, but it will be limited in functionality. Accounting software for small businesses that are not in the cloud will take a lot of time and effort and therefore will not add value to the business. For this reason, small businesses must look for cloud-based accounting software, otherwise, data collection and processing can be tedious. [Sources: 6, 20]

For this reason, we have created a list of simple accounting software for start-ups and small businesses in the world of accounting. [Sources: 15]

On a personal note, I would start with FreshBooks, Quickbooks, or Xero. They are the programs listed in the article that will integrate with the most business software that we will be covering in future posts. Note: If you use Stripe (which I will recommend later in this series) Freshbooks is your best option. If you have any questions, comments, or suggestions you can post a comment here or email me: eric@onelightacademy.net

Written by Eric Ballestero

Sources:

[0]: https://www.merchantmaverick.com/easy-accounting-software-for-small-businesses/

[1]: https://www.waveapps.com/accounting

[2]: https://www.fool.com/the-blueprint/accounting-software-reviews/

[3]: https://www.businessnewsdaily.com/7543-best-accounting-software.html

[4]: https://startupsanonymous.com/tools/small-business-accounting-software/

[5]: https://www.blog.consultants500.com/accounting-audit-advisory/best-accounting-software-professional-service-firms/

[6]: https://softwareconnect.com/accounting/small-business/

[7]: https://www.ignitespot.com/best-online-software-small-businesses/financial-software

[8]: https://www.business.com/articles/accounting-tools-recommended-by-entrepreneurs/

[9]: https://www.techadvisor.co.uk/feature/small-business/best-accounting-software-for-startups-3788939/

[10]: https://javadeveloperzone.com/tech/ways-small-business-accounting-software-can-help-your-startup/

[11]: https://skillcrush.com/blog/be-your-own-accountant

[12]: https://www.shopify.ca/blog/15334373-small-business-accounting-101-ten-steps-to-get-your-startup-on-track

[13]: https://www.shopify.com/blog/small-business-accounting-tools

[14]: https://www.lightercapital.com/blog/best-small-business-accounting-software/

[15]: https://grasshopper.com/blog/small-business-software/

[16]: https://www.nerdwallet.com/blog/small-business/best-accounting-software-small-business/

[17]: https://www.startuploans.co.uk/business-advice/how-to-choose-small-business-accounting-software/

[18]: https://www.nimble.com/blog/small-business-accounting-software/

[19]: https://brookscity.com/blog/accounting-software-small-business-uk/

[20]: https://www.dvphilippines.com/blog/top-10-small-business-cloud-accounting-software-of-2020