Top 5 Best Accounting Software for Small Businesses in 2021
Running a small business can be quite challenging, particularly when it comes to keeping track of finances. But with the help of modern accounting software, you can streamline your financial management processes and keep your business on the right track.
In this article, we’ll take a closer look at the top 5 best accounting software for small businesses in 2021. We’ll dive into their features, pricing, and customer reviews to help make your decision-making process more accessible and informed.
1. QuickBooks Online
QuickBooks Online is one of the most famous accounting software among small businesses, and for a good reason. It offers a wide range of features, including invoicing, inventory tracking, expense tracking, and even employee time tracking. Besides, its interface is user-friendly, making it easy for business owners to navigate.
QuickBooks Online has three pricing tiers: Simple Start, Essentials, and Plus. The cost ranges from $25 to $80 per month, depending on the tier you select. Customer reviews show that it’s worth the investment.
2. Xero
Xero is a cloud-based accounting software that is ideal for small businesses that want to stay on top of their financials. It helps businesses manage their invoicing, billing, and expenses, all from one central location. Xero also offers integration with over 800 apps, which makes it easier to sync up with other tools you might be using.
Xero’s pricing starts at $20 per month, with additional features available in higher-priced tiers. Customers appreciate its intuitive interface and robust features.
3. FreshBooks
FreshBooks is a cloud-based accounting software that focuses on invoicing and expense tracking. It’s effortless to use and is ideal for small businesses that are just starting. It also has a mobile app that makes it easy to send invoices and track expenses on-the-go.
FreshBooks’ pricing starts at $15 per month, making it one of the most affordable options on our list. Customers rave about its simple interface and excellent customer support.
4. Sage 50cloud
Sage 50cloud is a desktop accounting software that offers a range of features, including invoicing, expense tracking, and inventory management. It’s a robust choice for small businesses that require a more comprehensive accounting solution.
Sage 50cloud pricing starts at $56.67 per month, with premium features available in higher-priced tiers. Customers appreciate the software’s depth and range of features.
5. Wave
Wave is a cloud-based accounting software that focuses on small business accounting needs. It offers invoicing, payment processing, and basic expense tracking features, all for free. It also has integration with other apps, such as PayPal and Etsy.
Users love Wave’s free pricing model and easy-to-use interface, making it an excellent choice for startups and small businesses alike.
Conclusion
Finding the right accounting software for your small business can be challenging, but with the right tools and information, you can make an informed decision. QuickBooks Online, Xero, FreshBooks, Sage 50cloud, and Wave are all top contenders in the market, each offering a unique set of features and pricing options. Whether you’re looking for an affordable option or a more comprehensive solution, these accounting software tools are worth considering. Choose the one that best suits your needs and budget and take your business’s financial management to the next level.
