As the owner of a smaller business, you also play the part of the manager as well as the employee. During the first month or year of operation, things won’t seem all that overwhelming but when things really start to pick up you’d wish there were two of you. Hiring additional employees is not a problem, but if there are certain software that you can rely on then why not? Software that you’ll definitely need is accounting software regardless if you’re well-versed in the whole accounting process or otherwise. A business makes use of accounting software to effectively manage purchase orders, expenses, payroll and more. Here are some of the top accounting software that you should definitely try out.
Out of all the accounting software, QuickBooks would be the most common and well used since it’s easy to set up as well as use. It automatically does the accounting process unlike spreadsheet which is basically just a list. With the help of QuickBooks, you can keep a close eye on money being earned and spent without the need of physical lists and additional applications. You’ll always know where the business stands and everything is ready for tax filing. In case of damage or loss to your laptop, don’t fret because QuickBooks automatically backs up all the data alongside bank level security so data will always be safe and available from any device.
Sage 50 Accounting is an incredibly easy to operate accounting software that helps with inventory management, customer invoicing, bills payment and more. Sage 50, formerly called Peachtree, offers a secure desktop installation, unlimited support access and their brand new subscriptions plans target all sorts of business needs. Involving Cloud in any part of the business process or its entirety is up to you. Always keep your accounting information secured in your computer, but it’s also a good idea to expand through Cloud as well as other online applications that can connect with the software.
Used by over 5 million people worldwide, FreshBooks allows their users to create efficient and professional looking invoices in a blink of an eye. Not only that but FreshBooks can automatically record expenses and even keep track of time; so you can spend more time with more important matters like the needs of your customers and clients.
Wave is the perfecting accounting app for your small and ever growing business since it’s fast and easy to work with. The accounting tools are accountant-approved, very secure and a hundred percent free. It offers real invoicing and unlimited accounting, it’s has been dubbed by many as the ‘fastest growing small business accounting software in the world.’ It’s best for freelances, consultants, entrepreneurs and small business with 9 employees at most.
Xero is designed to be the best accounting engine for any small business out there. It offers the user real time access to any of their financial data and better access for your bookkeeper and accountant; thus a better and more efficient way to collaborate with one another. You’ll be able to lig into your account anywhere and anytime through just about any device.
Account Edge Pro not all aids a small business with anything involving accounting, but it can also manage bank accounts, account numbers, balances as well as keep track of the annual budget. In the Chart of Accounts, you should be able to see every account needed in keeping track of how things go; assets, liabilities, equities, expenses and of course income. Users can choose from 100 templates for their Chart of Account or create one instead.