A Guide to Small Business Accounting Software Options
It is vital for all business to maintain proper records even for small one. If you fail to manage your books properly you will not only risk facing severe legal charges, but you can also lose money. Luckily, the progression of technology has made the work of managing financial books easy for small business owners. There are many software that you can use in a small business in the market, and it will depend on your needs. This work will discuss in detail some accounting software options for small businesses.
There are two classes of business accounting software namely open source and proprietary software. Proprietary software is the most straightforward to use and convenient for small businesses. In that case, this work will address the proprietary software. We begin with QuickBooks by Intuit that is among the most popular software. The most important advantage of QuickBooks is about its user-interface. It is simple to use, and you can dispatch receipts and invoices, manage taxes and trail income with a few touches on the screen. For that reason, you can adequately govern your employees and contractors. Freshbooks is the second software that ranks among the best. It is exceedingly user-friendly and accessible for both Android and iPhone users. You can typically gain entry to Freshbooks from anywhere since it works as a mobile app. Freshbooks is popular for its invoicing and time management abilities.
Zoho Book is another type, but not very popular like Freshbooks and Quick books. Zoho Books functions very well and its user-friendliness ranks with the best. You can use it on your mobile or your computer since it is available for Android and iPhone operating systems. Xero follows after and it works on both iPhone and Android operating systems. Xero is a financial analysis tool and works very well under mobile conditions. However, it contains add-ons that you must download for it to serve the function of receiving payments.
Sage 50cloud is an additional software set side by side with Freshbooks and QuickBooks with regard to functionality and ease of use for small businesses. Moreover, in some areas like for example automation it may be thought of as better. The disadvantage of this software is that is does not offer an ideal payment software solution. Wave is the other software that you can use for free. It is the best choice when you cannot afford a more powerful software.
Last but not least, there is Onpay, which is well suited for businesses that are small and medium in size. All the primary bookkeeping tasks can be discharged by it.
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