We all can relate to the accounting problems if running a small business is a full-time gig. Whether it’s maintaining those pesky ledgers or matching those annual statements, attention to detail goes a long way.
That’s why people are becoming used to good accounting software that can ease up a lot of rigorous tasks. If you were looking for a catalog to showcase the best accounting software to have, we just got your back!
Sit tight and go over our favorite 10s!
Top 10 Accounting Software for Small Businesses
Here’s our established list of accounting software that you can leverage in your growing business-
1. FreshBooks
Upon the first look, FreshBooks might look a bit deceiving because of its simple and minimalist look. However, it is one of the most feature-packed accounting tools that you can get right now!
From basic money management to invoice creation, you can do it all on FreshBooks and more! Set it however you want and then manage all of your accounts in one place.
Key Features
- Easy money tracking tools and comprehensive interface
- Billing in any currency and instant invoicing feature
- Payment in all the popular options
- Get to the very details of time-tracking project management
Pros
- The interface is really intuitive and beautiful
- Personal customizations and context-sensitive settings
- Easy time and project tracking
- Supportive mobile apps
Cons
- The inventory tracking is lacking in features
Ratings
- 4/5 (Techradar)
- 4.3/5 (Forbes)
Pricing
- The lite version starts from $5.7/month
2. QuickBooks
Besides FreshBooks, QuickBooks is probably another great example of accounting software done right. The popularity of QuickBooks exceeds many similar software. Even if you’re inexperienced as a bookkeeper, you won’t have a hard time because of its easy-to-use features and interface.
Key Features
- Track your income and auto-sort your expenses
- Connect with your bank accounts easily
- Many varieties of QuickBooks options to choose from
- Report creation and easy collaboration
Pros
- Well-detailed reports and insights
- Superb inventory and expense tracking
- Customized add-ons
- Awesome mobile apps
Cons
- Expensive for first-timers
Ratings
- 4/5 (Techradar)
- 4.4/5 (Forbes)
- 4.5/5 (PCMag)
Pricing
- The simple version starts from $1/mo for the first 3 months
3. Zoho Books
The main selling point of Zoho Books is its seamless app integrations and free version. No other accounting software at that scale offers a fully (while limited) cost-less pack to start with.
However, don’t think it’s not good software just because it’s free!
Key Features
- The app integration sets it apart from the competition
- Easy automation process that can ease the workflow
- Simple inventory management and transactions
Pros
- The interface is quite easy to start at
- Multiple sales and purchase forms
- Every module is flexible
Cons
- Lack of payroll
Ratings
- 4/5 (Techradar)
- 4/5 (PCMag)
- 4.4/5 (Forbes)
Pricing
- Zoho Books basic starts from only $9/month
4. Xero
The name might have the ‘0’ in it, but this accounting product can be the hero of your business! It can do anything to solve your accounting problems and some more.
Xero offers insightful reports and advanced analytics that will help you to understand more about your business.
Key Features
- Pay bills, create invoices, keep your balances protected in one place
- Sync with any bank without any hassle
- Collaboration made easy with online accounts
- Connect with other helpful apps to make Xero your own
Pros
- The online support is really extraordinary
- Regular updates to the reporting features
- In-depth contact records
Cons
- The navigation can take some time to get adjusted
Ratings
- 4.5/5 (Techradar)
- 4.2/5 (Forbes)
- 4/5 (PCMag)
Pricing
- The starter pack starts from $29/month
5. Wave
If you want to try many good features for free at first, then Wave can be another great option. While recently the scanning expense receipts features got a premium price tag, you will still count on it for many free features!
Key Features
- The dashboard is very welcoming and personified
- All the tools are seamless, the way you would like to use
- Online payment gateways for smooth transactions
Pros
- Most features are still free
- Awesome dashboard and customizations
- Excellent transaction management
Cons
- Additional charges for some tools
- No in-depth time tracking
Ratings
- 4.5/5 (Techradar)
- 4/5 (PCMag)
Pricing
- The pro plan starts from $16/month
6. Sage Accounting
If your whole accounting system is based on Windows, only then this particular software can be a game-changer!
It is by far the most complex and comprehensive tool that you can get at a premium price. While the interface might be a bit old, the features are definitely not!
Key Features
- Perfect for bookkeepers looking for an all-around solution
- Intuitive interface with flexible control
- Customizations that will help you and your business
Pros
- Personal customizations
- Offers regular updates on taxes
- Online accounts with good security
Cons
- Windows-only
- Takes up a lot of resources
Ratings
- 4/5 (Techradar)
- 4/5 (PCMag)
Pricing
- Starts from £14/month (excluding vat)
7. TrulySmall Accounting
If you are just getting started with your business, you might not need tons of features. That’s where TrulySmall Accounting comes in. It is exactly the way it is named, the main purpose is to guide the truly small businesses with the most essential features!
Key Features
- A very simple and compact accounting software that you will love (as a truly small business)
- Gets rid of the manual tasks and automates invoicing and transactions
- Multi-currency support to propel you across international borders
Pros
- Very minimal and beautiful interface
- No prior expertise in accounting is necessary
- Decent mobile app support
Cons
- Very few analytical tools
Ratings
- 3.5/5 (PCMag)
Pricing
- Starts from $20/month
8. ZipBooks
Save time and become an accounting wizard just with a solid tool, Zipbooks. With unlimited invoicing and a modern interface, you will love to get your hands dirty with accounting again!
Key Features
- Simple reconciliation with a full suite of reporting for all-around accounting
- Invoicing and billing are automated and unlimited
- Reports that help you to navigate the profit margins and expenses
Pros
- Very modern-looking interface
- Unlimited invoicing
- Actually free with limited features
Cons
- The number of users is limited in the free version
Ratings
- 4.5/5 (Techradar)
Pricing
- The smarter pack starts from $15/month
9. AccountEdge Pro
Sales, invoicing and ultimately managing the inventory, AccountEdge is definitely a pro in handling everything. Even the commitment to always be at the edge is clearly visible with its seamless app integrations.
Key Features
- Your business operations are easily covered with command centers
- Remote accounting solutions are never been easier with AccountEdge Connect
- Regular transactions and mileage assessment, all under one roof
Pros
- Intuitive interface with command functions
- Cloud & remote accounting access
- Cross-platform usability
Cons
- No mobile app support
Ratings
- 3.9/5 (Forbes)
Pricing
- Starts from $20/month
10. NetSuite
Oracle, one of the largest technology corporations has great accounting software that you can try. With Netsuite, you can streamline your whole accounting process and make it simple!
Key Features
- Get all the necessary real-time insights into all the financial metrics
- Automate everything that feels too mechanical
- Anyone from your work can view your data from anywhere
- Increase productivity and efficiency with solid reports
Pros
- Great interface dashboard and inventory management
- Good cash management and invoicing features
- Customization options
Cons
- The interface seems a bit complex at times
Ratings
- 3.3/5 (Forbes)
Pricing
- The pricing varies depending on the company size and functionalities
Conclusion
There you have it! Your all-time list to get into any type of accounting software for your growing business. Even if your business is not small, a great accounting tool always helps.
So, try our picks from the list and ensure excellent money management for your business!