As a small business owner, accounting can be a tricky affair. Keeping track of expenses, managing invoices, and tracking payments can be overwhelming, especially when you’re just starting out. Fortunately, technology has made it easier to manage your finances. There are many accounting software solutions available in the market that can help you manage your books with ease. In this article, we’ll look at the top 5 accounting software for small businesses in 2021.
1. QuickBooks Online
QuickBooks Online is probably the most well-known accounting software out there, and for a good reason. It’s user-friendly, affordable, and it integrates with a wide range of apps. QuickBooks Online offers a host of features, including invoice management, expense tracking, and tax preparation. QuickBooks Online also has a mobile app that makes it easy to manage your finances on the go.
2. Xero
Xero is a great alternative to QuickBooks Online, particularly if you’re looking for more advanced features. Xero is cloud-based and offers a range of features, including inventory management, payroll, and project management.
3. FreshBooks
FreshBooks is an accounting solution designed specifically for service-based businesses. It’s user-friendly and easy to set up, making it ideal for small business owners who don’t have a lot of accounting experience. FreshBooks offers features such as invoicing and time tracking, making it a great choice for freelancers and small businesses.
4. Zoho Books
Zoho Books is an accounting software solution that offers a range of features, including invoicing, expense tracking, and inventory management. Zoho Books is affordable and offers a range of integrations with other apps, making it ideal for small business owners who want to streamline their workflow.
5. Sage Business Cloud Accounting
Sage Business Cloud Accounting is an accounting software solution that offers a range of features, including invoicing, expense tracking, and budgeting. It’s particularly useful for small business owners who need to manage their finances across multiple locations.
Conclusion
Selecting the right accounting software for your business is crucial. It can help you save time and money and streamline your workflow. QuickBooks Online, Xero, FreshBooks, Zoho Books, and Sage Business Cloud Accounting are all great options to consider. Be sure to evaluate each platform’s features and pricing to determine which one is the best fit for your business. With the help of these accounting software solutions, managing your finances has never been easier.
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