Top 4 accounting software programs for small businesses in 2021
Small business owners can vastly benefit from using the right accounting software. It can help them keep a tab on their account receivables and payables to precisely know what the bottom line will look like. Using reliable accounting software can also help small businesses prepare better for the tax season. But, which are the best accounting software for small businesses in 2021? Let us find out.
QuickBooks Online is undoubtedly one of the best accounting software for small businesses in 2021. It has an array of online training forums and resources to provide you access to the requisite support you may need. In addition, you can conveniently access all the accounting features from the main dashboard. Thus, with QuickBooks Online, bookkeeping is efficient and fluid. It is a cloud-based tool that can be conveniently accessed via the application or browser. Before investing in any of the paid plans of QuickBooks Online, do try out their services through the 30-day trial period to know if it suits your business needs. Some of the software’s features comprise time tracking, inventory management, budgeting, and including additional users.
Another among the best accounting software for small businesses is Xero. The tool is renowned for its starting price and an array of valuable features. Xero’s plans start at $11 monthly, wherein you can generate only twenty invoices and enter only five bills. For increasing the upper cap, you can explore their other paid plans. You can use this tool to track inventory, capture receipts for easier record-keeping, reconcile bank transactions, and send custom invoices. In terms of collaboration, Xero certainly stands out. Unlimited users can have access to Xero’s features. So, there is no additional fee to delegate responsibilities to another associate while using this software.
This is a cloud-based accounting service that is designed to cater primarily to small business owners. With it, you can get access to an array of features such as expense tracking, invoicing, a host of business reports, taking credit card payments, and time tracking. FreshBooks has a simple, easy-to-navigate interface. You can save time by setting up recurring invoices, billing in any currency, automatically invoicing the credit card, and allowing the customers to pay via credit card. There are minimal management hassles. Before signing up for a paid plan, do try out FreshBooks’ 30-day free trial.
Zoho Books comprise an array of exciting features and reporting capabilities, which come at an economical expense. It has no learning curve and is very easy to use. In addition, Zoho is renowned for its incredible customer service and productivity apps that integrate well with its accounting software.