Best Accounting Software for Small Business

Best Accounting Software List for a Small Business Management

Quality business accounting software can assist you do just that and create invoices, record incoming and outgoing payments, identify and follow up on past due to receivables, and run reports that help you analyze your financial health and various aspects of your business.

Best Accounting Software List for a Small Business Management

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We published best accounting software list for small business management based on affordability, customizable, comprehensive, real-time financial reporting, easy to use, cloud-based option, mobile app facilities, time-saving feature, online invoicing and payment acceptance, these are mentioned below.

The mentioned below analysis, we sure you get an idea which accounting software will be better for your small business.

1. FreshBooks

The first position on our list of 05 best accounting software for small business management is an accounting solution known for making financial management easily.

FreshBooks helps users address recurring invoices and subscriptions easily. It supports online payment collection via credit cards, PayPal and Google Checkout.

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This accounting software integrates effortlessly with known business applications. It is a complete suite that no need for any additional software as well as it provides users with absolute control over their financial operations all from a single dashboard.

Its dashboard makes for easy customization while data security is not an issue and secure backups are regularly to keep user information secure at all times. Users can use Android and iOS apps to track outside work times. FreshBooks can be purchased in a variety of pricing models starting at $15/month.

The Exceptionality of FreshBooks

a. Easy-to-use

Generate invoices for clients in just a few clicks and provides easy to understand reports on finance.

b. A simple but powerful solution

FreshBooks is designed to be simpler but advanced features. 

c. Mobile app.

FreshBooks comes with a mobile app that running on Android and iOS, enabling users to access information anytime, anywhere.

d. Real-time payment

FreshBooks tool’s time tracking capability is designed for use in billing and enabling businesses to get paid online through a variety of payment gateways.

e. Flawless invoice to payment. 

For small businesses and entrepreneurs, FreshBooks offers invoice to payment functionalities.

2. NetSuite ERP

Generally, ledger and other financial tools with e-Commerce, sales, and marketing to grow your business are NetSuite ERP packs. NetSuite ERP packs have three different tools named sales tools, e-Commerce tools, and inventory management tools.

The sales tool includes a contact manager, automate communication, track sales pipeline, generate quotes, and sync calendars. On the other side, the e-Commerce component integrates order management with order processing and fulfillment and inventory management tool to take care of your stocks.

NetSuite ERP packs have a powerful, elegant dashboard that gives user access to KPIs and it is accessible via any mobile device. The instinctive dashboard lets the user see everything at a glance and it’s easy to use by even non-expert.

The Exceptionality of NetSuite ERP

a. User-friendly

It is an affordable bundle of powerful solutions that you can easily scale to your needs and implement quickly.

b. A single tool

A single tool with a strong financial core, modules for sales, marketing, and commerce with order management.

c. Modern and mobile app

NetSuite goes with you wherever you are if you have an internet connection and a fully capable smartphone or tablet.

d. Once install.

When you have set up NetSuite ERP, all you have to do is let it run your operations and cloud access eliminates the extensive cost of the user.

3. FreeAgent

A feature-rich solution intended to help small businesses and freelancers and this is FreeAgent. Around 60,000 businesses relied on their ability of financial operations such as payrolls, taxes, expenses, estimates and invoices, bank transactions, cash flows, time tracking, and business’s financial performance.

The FreeAgent dashboard gives you full visibility over your business’ income, cash flows, expenses, profitability, and receivables.

The Exceptionality of FreeAgent

a. The best solution for small businesses

FreeAgent basically designed for small businesses as well as contractors and freelancers to provide them with all the accounting and financial tools that they need.

b. Financial navigation

FreeAgent dashboard features provide quick access to your business invoices, projects, estimates, and time slips.

c. Advanced financial management

FreeAgent has an advanced financial management system that categorized your expenses by currency and linked to specific projects and activities, tracked as well as documented once the invoice is paid.

d. Expenditure tracking system.

FreeAgent gives the capability to track businesses’ expenses with the use of bank feeds and imported bank statements.

4. Zoho Books

Zoho Books is popular for smart business solutions. It is a smart accounting solution designed to manage small businesses’ cash flow, finances and helping users make intelligent business decisions.

The Zoho Books is powerful to provide users absolute control over financial management, cash flow statements, balance sheets creation, financial overviews, and graphs. Zoho Books’ pricing plans starts from $9/organization per month.

The Exceptionality of Zoho Books

a. Programmed bank feeds and payment notifications.

Zoho Books imports all credit card and bank transactions and eliminating the need for manual data entry. As well as Users can come up with messages for clients and reminding them to pay on time.

b. Invoice distribution and tracking.

Online and Offline payments can be recorded and it can be linked to selected invoices and projects. 

c. Project management and tracking.

It is easy to record the expenses incurred on projects and invoice customers in Zoho Books.

5. Tipalti

Tipalti is very much popular for cloud-based payment automation and management software that helps solve problems that include non-compliance, late payments, administrative overload and complications arising from human error.

This software minimizes the time loss on financial management is significant which is one of the biggest problems facing accounting teams.

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Also, Tipalti software can automate any business’ payment operations around the world and is capable of streamlining payment processing in around 190 countries. This software is available on a price quote basis and interested parties can contact the vendor to get a customized quote.

The Exceptionality of Tipalti

a. Automatic payment system

Tipalti a leading solution for payment reconciliation, financial reporting, and AP.

b. Tax amenability

The Tipalti app collects tax forms to be able to withhold payment for non-compliant payees.

c. Generate advanced Reporting

This product has an excellent payment reporting system, generating accurate payment reconciliation reports.

Final Words 

You can make a better decision based on the above criteria which software is better for your business and we recommend FreshBooks software as the best small business management software.

FreshBooks has the lowest pricing plan that fits most small to medium-sized business (SMB) budgets and can meet its business needs. This software can make your life easier and save your time and money as well as efficient than manual bookkeeping and spreadsheets.

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