Top 5 Best Accounting Software for Small Business in 2021
Keeping track of business finances is essential for the growth and success of a small business. Automating financial tasks can help small business owners streamline operations, save time and reduce errors. This is where accounting software comes in.
There are many accounting software options on the market for small businesses. However, finding the right one can be overwhelming. In this article, we have compiled a list of the top five accounting software for small businesses in 2021 to help make your decision easier.
1. QuickBooks Online
QuickBooks Online is one of the most popular accounting software options for small businesses. It is a cloud-based accounting platform that offers features like invoicing, expense tracking, inventory management, financial reporting, and budgeting. QuickBooks Online also integrates with over 650 business applications, making it a great choice for small businesses that use multiple apps to run their operations.
2. FreshBooks
FreshBooks is another cloud-based accounting software option that is easy to use and ideal for small businesses that want to keep track of their finances on the go. FreshBooks offers features like time tracking, invoicing, payment processing, and expense tracking. It also has an intuitive mobile app that allows business owners to manage their finances from anywhere.
3. Xero
Xero is an all-in-one accounting software option that offers features like invoicing, accounts payable, accounts receivable, inventory management, and financial reporting. It is cloud-based, making it accessible from anywhere, and offers various integrations with over 800 business apps. Xero also offers a mobile app that allows small business owners to manage their finances on the go.
4. Zoho Books
Zoho Books is a user-friendly accounting software option that offers features like invoicing, expense tracking, automated workflows, and inventory management. It has a simple pricing system and various integrations with other business applications like Google Drive, PayPal, and Dropbox. Zoho Books also has an intuitive mobile app that allows business owners to manage their finances on the go.
5. Wave
Wave is a free accounting software option that offers features like invoicing, payment processing, expense tracking, and financial reporting. Wave also offers a paid payroll and bookkeeping service for small businesses that need more support. It is cloud-based and has a simple user interface, making it ideal for small businesses that don’t have accounting experience.
Conclusion
Choosing the right accounting software for your small business can be challenging. However, by considering the features and integrations that best suit your business needs, you can make an informed decision that will help you save time, reduce errors, and streamline operations. In summary, QuickBooks Online, FreshBooks, Xero, Zoho Books, and Wave are great accounting software options for small businesses in 2021.
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