The 5 Best Accounting Software for Small Business of 2022

best bookkeeping app for small business

The most popular package is Standard, which comes with up to 500 contacts, 3 users and 10 automated workflows. Professional, meanwhile, is a full bells-and-whistles experience that offers 500 contacts, 10 users and 10 automated workflows. If the invoice, bank or billing issues are a problem then the Xero Growing plan looks like a better deal. It’s a lot more money, but you can issue as many invoices and enter as many bills as you like.

best bookkeeping app for small business

Here are some other popular accounting software programs and why they didn’t make the cut as one of the best small business accounting software options. If you’re looking for an affordable accounting option, it doesn’t get better than Wave. With positive customer reviews and a well-organized UI, it’s no wonder this free accounting software is popular. It’s easy to jump straight in and start using Wave, even with little previous accounting experience.

Top 5 Most Useful but Simple Accounting Apps – Updated

If you do the latter and have established a relationship with a payment processor, then your invoice can contain a stub explaining how the customer can return payment via credit card or bank withdrawal. You can create a PDF version of the invoice, copy it, record a payment on it, and set it up to recur on a regular schedule. Keeping a tight grip on finances is critical for the success of small businesses and freelancers.

How much is QuickBooks for small business?

The Simple Start plan for small businesses is $25 per month and supports one user. You can send estimates and invoices, track your expenses, manage sales tax and run basic reports. The Essentials plan supports up to three users and costs $50 per month.

If you need a complete bookkeeping system, we recommend integrating it with Zoho Books, which requires an additional subscription. In addition, the app provides functions not available in the online interface, such as receipt scanning and GPS mileage tracking. Employees can report their time through a mobile website, bookkeeping for small business but not through the app itself. We recommend choosing Zoho Invoice if you need a free mobile accounting app for unlimited users. Patriot Accounting is priced at $20 – $30/month, with the higher priced tier adding in features like recurring invoices, payment reminders, estimates, and account reconciliation.

Zoho Books

Don’t sign up for something that has way more functionality than you’ll ever need as costs can mount up too. Equally, pick an accounts package that can be expanded if business starts to boom.

  • If you need more help with your small business accounting, download the Beginner’s Guide to Accounting.
  • Bookkeeping software’s main focus is on recording financial transactions properly, while accounting software also includes the ability to analyze the impact of those transactions.
  • However, Xero’s apps aren’t quite as solid as QuickBooks’ or FreshBooks’—Xero has fewer app users, but on the whole, they report more bugs.
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It puts highly effective accounting functionality into an exceptional user experience. QuickBooks Online stands out because it’s easily customizable, comes in multiple versions with hundreds of add-on apps, and offers better mobile access than its rivals.

What is the simplest accounting software?

Loans from $5,000 – $100,000 with transparent terms and no prepayment penalty. Tell us a little about yourself, your business and receive your quote in minutes without impacting your credit score. Categorization of expenses is simplified, with the ability to either choose from a plethora of expense categories, or create your own. Downloading the app is free, but after a 30-day trial, there’s a $12.50 monthly subscription fee.

  • Kashoo Classic could be attractive to very small companies that are ready to automate their accounting systems.
  • Several helpful reports, all designed to be legible and conveniently sized within the app.
  • Wave makes a great accounting software option if you’re looking to use other features within your business, such as payroll and credit card services.
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  • In this story, we test and rate the top online accounting applications available to see what makes them different and which type of small business benefits most from using each one.
  • Instead, you can use it to easily send invoices, collect payments, and even track sales tax.

You cannot edit data on PDF files but the data extracted from PDF can easily be edited. PDFelement lets you extract required data for editing, saving your time to a great extent.


VT Software has to have one of the most minimalist interface out there, which if you’re starting out in business might be a boon. It’s certainly appealing as the accounts package is free, but the tools inside are also reasonably potent.

best bookkeeping app for small business

FreshBooks offers a well-rounded and intuitive double-entry accounting experience with the tools that a very small business needs. An exceptional user experience and smart blend of features make it a top choice for sole proprietors and freelancers. Intuit QuickBooks Online is expensive, so it’s most appropriate for small businesses with a technology budget. It’s easy enough for an inexperienced bookkeeper to learn but feature-rich enough that a more demanding user can make use of its advanced accounting tools. Because it’s so customizable and user-friendly, it would appeal to a wide variety of business types. Intuit QuickBooks Online has been the small business accounting website to beat for many years.

Strategies To Improve Cash Flow In 2022

The software is designed for small business owners who don’t have an accounting background. You can create and send invoices, track expenses, manage projects and clients and view reports.

You’re able to access and use the system from your desktop or its free iOS and Android apps, and because it’s a cloud-based system there’s no need to worry about backups. If you’re a small business then time is money, so check that your package will give you access to quality technical support. Having an expert on hand, either by phone or via email can be a huge help if you run into problems.

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