Top 5 Accounting Software for Small Business in 2021
Managing the financial aspects of a small business can be challenging, especially if you’re not an expert in accounting. Fortunately, accounting software can help simplify the process and give you greater control over your finances.
In this article, we’ll dive into the top 5 accounting software for small businesses in 2021, their features, and how they can benefit your business.
1. QuickBooks Online
QuickBooks Online is a popular accounting software with over 4.5 million businesses using it globally. It’s a cloud-based solution that allows you to access your financial information from anywhere. QuickBooks Online offers features like invoicing, expense tracking, and budgeting, making it an excellent choice for small business owners.
Moreover, its pricing plans are flexible, making it suitable for businesses of all sizes. QuickBooks Online offers 24/7 customer support, and you can access it on your computer, tablet, or smartphone.
2. Xero
Xero is a cloud-based accounting software that enables small business owners to manage their finances on the go. It offers features like invoicing, bill payments, bank reconciliations, and payroll. Xero’s dashboard provides an overview of your finances, including income, expenses, and outstanding invoices.
Xero’s pricing plans are also flexible, making it an excellent choice for small businesses. It offers 24/7 customer support and integrates with over 800 third-party apps.
3. FreshBooks
FreshBooks is another cloud-based accounting software that’s specifically designed for service-based businesses. It offers features like time tracking, invoicing, and project management, making it an excellent choice for freelancers and small business owners.
FreshBooks is known for its user-friendly interface and easy-to-use features. It also offers a mobile app, making it easy to manage your finances on the go. FreshBooks offers a 30-day free trial and flexible pricing plans.
4. Wave
Wave is a free cloud-based accounting software that’s designed for small businesses with fewer than ten employees. It offers features like invoicing, expense tracking, and receipt scanning. Wave’s dashboard provides real-time data on your finances, giving you greater control over your business’s financial performance.
Wave’s invoicing feature enables you to customize your invoices, including adding your company logo and branding. It also offers a mobile app that allows you to manage your finances on the go. Wave is free to use, but it also offers paid add-ons like payroll and payment processing.
5. Sage
Sage is a comprehensive accounting software that offers features like accounting, payroll, and payment processing. Sage is designed for small businesses and provides real-time data on your finances, enabling you to make informed decisions.
Sage is known for its user-friendly interface and automation capabilities. It offers customizable reports that provide insights into your financial performance. Sage offers flexible pricing plans, including a 30-day free trial.
Conclusion
Managing your business’s financials can be challenging, but using effective accounting software can simplify the process and give you greater control over your finances. In this article, we’ve explored the top 5 accounting software for small businesses in 2021: QuickBooks Online, Xero, FreshBooks, Wave, and Sage. Each of these software is designed to make accounting easier, so choose the one that best suits your business needs. With these tools, you can track your finances efficiently and focus on growing your business.
