Whether you’re a small business owner running a successful business, or you’re looking to start and are unsure of what you need to stay organized, it’s no secret that you need to manage your finances. Finding the best accounting software is the key to meeting your finance goals.
Staying on top of your finances not only keeps you organized, it means more money in your pocket at the end of the work day. A huge part of staying organized financially is using an accounting program to keep track of and meet your revenue goals.
These are some of the best and most affordable programs on the market for small business owners and entrepreneurs:
Quickbooks is a bookkeeping software. It’s the industry leader in self-accounting software and many business owners and entrepreneurs use it to balance their books and manage their finances.
There are 3 monthly plan tiers depending on the functionality you need and their desktop version has a one-time fee plus a monthly payroll add-on option. Their basic plan for $25/mo. allows you to:
- Track expenses and income
- Track mileage
- Run reports
- Send estimates and invoices
- Collect payments
- Track sales
- Capture and organize receipts
- Manage 1099 contractors
Similar to Quickbooks, FreshBooks is a simple, easy to use invoice and accounting software. It has all the key elements that most small business owners need and it’s extremely affordable.
FreshBooks has 3 main product tiers which start at $15/mo for 5 clients. If you have over 500 clients you can request custom pricing. Their basic plan includes:
- Unlimited customized invoices
- Manage expenses
- Accept online payments and ACH transfers
- Automated sync of your bank account
- Unlimited invoices and estimates
- Time tracking and reporting
- Tax reporting
- Add on Team Members ($10/person)
Another accounting and invoicing software, Xero is tailored towards service-based businesses. It can get a bit pricey depending on how many invoices you typically send out per month, but it’s perfect for those who need a basic accounting solution.
Their basic plan is pretty affordable, starting at $9/month and allows you to:
- Send 5 invoices and quotes
- Enter 5 bills
- Reconcile 20 bank transactions
- Capture bills and receipts with Hubdoc
Overall, there are many different options for business owners who need to use an accounting software to stay on top of their finances. No matter the size of your business or what you need, there is something out there for you!
Don’t forget that finding the right accounting software is just one part of managing a successful business! Crafting your brand and having a responsive website are also key. Check out our Services page to see if your brand could use some updating!