Best Bookkeeping Software for Small Business 2023

However, the downside of this software is that you cannot access payroll tools. Furthermore, Zoho Books is one of the free bookkeeping apps available for Android and iOS devices. Since Zoho Books secures users’ transactions through SSL encryption, you can rest assured of your data privacy. You can expect daily feedback and how to improve your business operations. Furthermore, ZipBooks features a data-driven intelligence that lets you know your most profitable customers and how your business is doing compared to your competitors. You can track your performance using the software’s smart features, including Machine Learning, Invoice Quality Score, and Business Health Score.

  1. Download the iOS or Android mobile app, install on your phone or tablet, and sign in using your QuickBooks account details.
  2. If you dislike QuickBooks’ high non-sales starting price, you have other small-business accounting app options.
  3. Stop hearing your team say “sorry, I did that, I just forgot to check it off.”
  4. It’s one of the easiest ways to keep track of receipts 100% automatically, from discovering email and supplier receipts to entering data and creating expense reports at a glance.

Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay. Traditionally, HR departments have had to how to calculate gross profit margin rely on manual data entry and review, which drains resources from a small business. Use the mobile app to snap photos of receipts when you’re on the go.

Lendio: Best for Small Businesses Looking for a Bookkeeping Solution

If you’re looking for a comprehensive suite of accounting features and don’t mind working with a relatively stripped-back program, consider checking Brightbook out. If you find manually entering records, categorizing payments, and uploading receipts to be a chore, the Zoho Books app will end that. It brings automation and collaboration on business records to mobile in a hassle-free way. Software like Zoho Books can integrate with QuickBooks online software. When using multiple free accounting software, you can mix and match as you please.

Popular Features

QuickBooks Online offers a good number of advanced features like advanced reporting and security on invoicing on its mobile app, which is uncommon on other mobile accounting apps. This makes it ideal for all kinds of small businesses and even medium to large businesses that need business accounting, inventory management, payroll capabilities, or financial reporting on the go. QuickBooks Online sets the standard for bookkeeping software with thorough, easy-to-understand financial reporting. Its cheapest plan includes all the financial reporting basics (profit and loss statements, balance sheets, and cash flow statements), plus sales tax and mileage tracking. Pricier plans include reports for accounts receivable and payable, budgeting, inventory, sales, profitability, and more.

You can quickly contact the software’s support accountants in the UK if you need clarification. Furthermore, the software is popular among small businesses and helped over 70,000 business owners solve diverse accounting problems. Plus, if you connect your bank account to FreeAgent, then you can automatically import transactions using the software’s automatic bank feeds tool. In addition, the software features tools for creating professional invoices that will impress your customers. FreshBooks also has time-tracking features that help you and your team account for all time spent.

Sage 50Cloud Accounting is among the best bookkeeping tools for small businesses. The software has excellent features that will make your accounting tasks more efficient. For example, a visual representation of your business cash flow can help you manage late payments and track your business’s expenses. The software also allows you to connect your Sage account to your bank feeds.

Online Bookkeepers

Since FreeAgent is a UK-based company, its entire support team is located in the UK. Keep reading to learn more about QuickBooks Online, Xero, and five additional bookkeeping solutions tailor-made for small-business owners https://quickbooks-payroll.org/ like you. We built our Payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Terms, conditions, pricing, special features, and service and support options subject to change without notice.

Sage Accounting—formerly Sage One—is a thorough accounting application with a wide array of mobile capabilities. Whether you’re using the cloud-based software or the app, Sage’s interface is extremely user friendly with colorful, easy-to-read dashboard reports. Intuit QuickBooks Online is already one of the best accounting software tools for small business owners—and its accounting app is just as solid as its well-known online interface. We picked Found because it has a good mobile app that lets you see your accounting and financial health in one platform.

The cloud gives you the flexibility to quickly scale and pay only for what you use. If you’re anticipating large sales or a sudden spike in users, your cloud provider can offer more servers and a bigger bandwidth for however long you need the increased capacity. At one time, many small businesses were hesitant to migrate to the cloud because they were worried about security. Today, cloud providers are outfitted with security far more sophisticated than any offered by an on-site IT department. Established businesses like SAP and Oracle have developed comprehensive systems, while startups like SilkRoad and Cornerstone offer niche solutions for functions like talent management.

Connectivity With Credit Cards and Bank Accounts

You can register for a live demonstration if you have questions about Sage services and software’s functions. This comprehensive demo will also teach you how to configure the software, set up security, and create vendor and customer records. FreeAgent is a bookkeeping software ideal for freelancers, accountants, and small businesses. Also, you can get a bird’s-eye view of your business transactions and performance. With FreeAgent, you can have unlimited clients and projects without an extra fee.

The platform has end-to-end accounting resources to handle the more monotonous, frustrating elements of this side of your business — including invoicing and raising sales orders. The program also has a client portal to help you seamlessly connect with your customers. Some users report trouble with Akaunting’s support department’s responsiveness. The application also seems to be one of the less accessible ones on this list when it comes to ease of use.

Since many small businesses have been using Microsoft and Google programs for years, their cloud interfaces are familiar and make for an easy transition. Many free accounting software solutions only allow you to grant access to a fixed number of users — and that “fixed number” is often one. If you need to have multiple people within your organization regularly leverage the solution, you might want to explore the possibility of leveraging a paid option. As your business expands, it’s almost bound to scale out of your free accounting software’s limited capabilities. When you see that kind of growth, you’ll probably want to upgrade to a paid accounting application.

FreshBooks is well-known for its cutting-edge, cloud-based accounting platform on the web. Stay on top of your client invoicing, tracking time, and logging expenses from your mobile device with the FreshBooks accounting app. From the freelancer who needs invoice creation to the small business owner that needs income and expense tracking, FreshBooks has basic features for everyone. Its unlimited time tracking and invoicing, even on the lite plan, make it ideal for service-based small businesses. It’ll allow you to send invoices readily, generate reports, automate expenditure tracking, and instantly transfer funds to your account, all from a user-friendly mobile interface.

And the secure invoicing via text feature works well for freelancers who need a quick, easy way to get paid on time. QuickBooks Online has some of the best reporting and bookkeeping features money can buy. Xero, Sage Business Accounting, and Zoho Books have stellar reports at a lower starting price than QuickBooks. And if you want straightforward finance tracking without in-depth analytics, Wave Accounting can help you with the basics. Zoho also lets you tag reports in ways that are easy for you to sort through, read, and understand. Even though we generally prefer Xero to QuickBooks, QuickBooks Online remains the most popular accounting software for US-based accountants, bookkeepers, and auditing clerks.

Though the mobile app has no features specific for inventory management, features like viewing reports and receiving payments can aid in processing inventory transactions. IPhone users can add widgets or receive reminders directly from their Apple Watch notifications. With this premise, Zoho Books is our best overall mobile accounting app because of its topnotch mobile functionality and seamless integration with the iOS environment. The platform is entirely online, meaning you can access it from any desktop, tablet, or mobile device anytime, anywhere. It offers resources that help you manage cash flow, track expenses, deal with invoicing, and set transaction categories.