Business success always requires a sound financial foundation, and this is especially true in the 21st century. The accounting world has changed dramatically since the first laptop was introduced back in 1981. It’s no longer a one-person show, and it’s now all about collaboration. From paper records to tablet access, you’ll need good accounting software to manage your finances and help you succeed.
we’ll explore five of the most used accounting software for 2021:
- Intuit QuickBooks Online
- FreshBooks
- Zoho Books
- Xero
- Sage One
Each of these software has different features and benefits, but their purpose is to support the small business owner, allowing them to do more with less hassle.
1. Intuit QuickBooks Online
Intuit QuickBooks Online is designed to help small business owners save time, manage expenses, and accept online payments.The online accounting software comes with built-in analytics tools that let you track your company’s performance and growth over time.
Here is a features list of Intuit Quickbooks Online (QBO):
– QuickBooks Online is built to work with the larger Intuit Payroll, tax, and expense modules. You can integrate with popular payroll vendors such as ADP, Paychex, PayForce, and more in terms of payroll. You can track the spending habits of individual users, how much they spend per invoice and when they spent it. Also you can choose their various business profiles, including such parameters as company type, industry, financial year, and more.
– All of your transactions are recorded in the cloud under your user name.
Pricing:
The pricing of the intuit QuickBooks online is based on the number of users you have and the number of months you need a subscription. The monthly prices are different based on your business needs, and they can vary from $12 to $75 per month.
2. FreshBooks
Freshbooks accounting software helps you save time, automate your business, and do more with less hassle. It’s an all-in-one accounting software for small business owners who want to grow but hate the fuss of bookkeeping. It is the most used accounting software.
Here are some features of FreshBooks :
– FreshBooks is cloud-based online accounting software, which is portable and can be used on different platforms such as computers, smartphones, tablets, and laptops.
– It has a straightforward step-by-step interface that is designed to be easy for anyone to use. The more straightforward software is, the easier it will be to learn.
– The software integrates with many other business applications such as payment services, payroll, shipping services, and much more.
Pricing:
The software price varies from $4.5 to $15 per month. They also have a custom plan.
3. Zoho Books
Zoho Books is online accounting software that will help you manage your business transactions and make smarter decisions. It is a comprehensive bookkeeping software that comes with several features.
Here are some features of Zoho Books:
- It is cloud-based and can be accessed on any device.
- The software is also web-based and can be accessed from any device.
- All the transactions are recorded in the cloud under your user name.
- You can choose their various business profiles, including such parameters as company type, industry, financial year, and more.
- You can choose to synchronize credit cards and bank accounts with Zoho Books.
Pricing:
The pricing of the Zoho Books is based on the number of users you have and the number of months you need a subscription. The monthly prices are different based on your business needs, and they can vary from $15 to $60 per month.
4. Xero
This accounting software helps manage your accounting practices, create and track your financial data, run reports and taxes. It is designed to help small business owners get organized and make smarter business decisions, all in one place. Here are some pros and cons:
Here are some features of Xero:
– Mobile App availability for importing bank transactions, invoicing clients, or tracking time. — Easy to use interface.
– Integration with third-party programs, including PayPal, Shopify, and Stripe.
– Company reports and consolidation
– Convert Xero data into the format that is needed by QuickBooks or other business software.
Easily track inventory.
Pricing:
This software costs $11 to $62 per month for a platform license, depending on your business needs. The pricing also depends on the number of users you have. This software may not be ideal for small businesses with fewer than five employees.
5. Sage One:
This accounting software helps small business owners manage their finances and use it for easy invoicing, accounting, and financial reporting. The following include the pros and cons of using this software:
Features of Sage One :
– This accounting software allows you to access your data from any device.
– Easy banking integration.
– Live customer support via phone.
– Manage your operations with ease in a single integrated system.
Pricing:
The Price of Sage One starts at $10 up to $25.
Conclusion:
All accounting software is designed to help small business owners manage their finances and run a successful business. Choose the one that best suits your needs for your business. Are you using accounting software? Are your reviews similar to ours? Comment below and tell us about your experience.
