Suppose, you’re running a business and you seem to lose track of your business’s finance. Do you know why this happens? When do you actually lose track of your business finance? It is when you do not practice good financial housekeeping. In the world of accounting, not keeping an eye on financial records will result in a huge loss thereby wind up your business. Don’t despair. To maintain your business finance, you just need handful of accounting software for your small business.
How does accounting software help? The software can help you organize & manage expenses, client’s bills, financial records of customers, etc. The question here is which accounting software is worth investing in, how to know? No need to scratch your head. The simple trick is – find accounting software with the features you need at the affordable price.
Below I am providing you a list of accounting software for small businesses. Have a look at them below…
List of affordable accounting software for your small business
1. Quickbooks online
The first leading accounting software in the list you have is Quickbooks. This is known as the best accounting software for small businesses. Not only small businesses this, but also online training resources and forums get support from it. Moreover, the software is flexible, extensible and easy to use. Today, the tool has become the most renowned among accountants, bookkeepers, small business owners, and finance officers.
- Integration with third-party applications
- Easily access the software via Mobile app and web browser.
- Easily scalable & user friendly
- Easy to understand financial reports
- Extensive tracking features
The software offers 30 days free trial. The premium plan starts at $18/month and goes up to $150/month if you’re going advanced.
Another accounting software is Xero. This is the simple software for micro-businesses. The software has neat interface and integrated with third-party payroll services. Moreover, businesses can collect payment online from customers via Xero’s integration with Stripe and GoCardless. Xero came in 2006 and now has total two million users across the world.
- Payroll integration with Gusto
- Third-party app marketplace
- Provides you simple inventory management
- Easily manage software over mobile app
This software offers you 3 months subscription option, and a full-service payroll. However, the plan starts at $9/month. Well, you also get 30 days free trial.
Next ideal software you have is Wave. It is an ideal accounting software platform for a small- scale business. This software is most effective for freelancers or service based-businesses. The best thing about Wave is that its free features cover all of your accounts needs and requirements. At the end of the year, you can drive all the necessary reports from Wave to prepare a business’ tax return.
- You can run multiple businesses in a single account.
- Unlimited number of users
- You get free accounting, invoicing, and receipt scanning
- No transaction or billing limits
- Access via mobile app
The plan starts at $20 per month. The second plan is $35 per month.
Freshbooks is the most effective account software unlike Xero because it allows you to send unlimited number of voices and estimates with every plan. Moreover, it also offers you more customizations for invoicing compared to other accounting software. The primary function of this software is to send, receive, print, and pay invoices, but it can also take care of business’ basic bookkeeping needs as well.
- Provides you user-friendly interface
- Integration with third-party app
- Quite affordable tool
- It provides advanced invoicing features
The tool offers you 4 plans. The plan starts at $15 per month, plus at $25 per month, premium at $50 per month, and select.
5. Sage 50cloud
This is the last accounting software in the list. Sage 50cloud is an online accounting solution designed to help small and medium-sized businesses. It helps them manage their financial and stay compliant with taxes and reporting requirements. You also get essential features like taxes, inventory, cash flow, invoicing, and budgeting.
- Designed for small and medium sized business
- Powerful & convenient hybrid solution
- You get 24/7 support
Sage 50cloud provides you three pricing plans which start at $44.97/month. It also offers you 60-days risk free plan with money back guarantee.
Keeping a financial record of your business is very crucial for running a business successfully. Having a wrong record can deteriorate your business’ performance. Therefore, make sure that financial record is correct and authentic. For that you have to employ accounting software for your business. In the above list, choose the one which fulfill your needs, requirements, and which you find is affordable.