If you’ve researched online bookkeeping and accounting software in the past, you’ve likely noticed that you have a TON of different options! With all of the old standbys and new software solutions on the market, it’s difficult to decide which to choose. After all, it’s inevitably a large undertaking to change from your current method. You certainly don’t want to do this twice!
Perhaps you’re still doing your small business bookkeeping manually with paper receipts and Excel spreadsheets. Perhaps you’re currently utilizing desktop software and looking for a more on-the-go and accessible solution. The good news is that with all of the available bookkeeping and accounting software options, you’re bound to find one that is the right fit for your business.
Why utilize an online bookkeeping and accounting software? Unlike an Excel spreadsheet, they automatically track and categorize all income and expenses and provide you a clear picture of your business’s financial situation. Depending on your needs, many include tax preparation and accounting services, online invoicing and payment options, inventory management, time tracking, and payroll.
Here are our recommended accounting and bookkeeping software solutions for small businesses. Again, the right software option is the one that fits the most needs of your business. If you have any questions about choosing an option, please reach out to us for a free consultation! We’re happy to help!
- QuickBooks Online
- QuickBooks is one of the most powerful bookkeeping and accounting tools available in the market. Many features are available based on your business needs, and pricing is based on the additional features required.
- QuickBooks allows your income and expenses to be recorded in an easy-to-use interface while backing it up with all of the power and reporting features needed to run a successful business. In addition, you can track mileage, manage contractors, facilitate payroll, and have multiple users on the account. For those individuals used to a desktop-based software, QuickBooks is the easiest transition to online.
- Xero
- Xero is fast becoming known as a QuickBooks alternative. Based out of New Zealand, Xero provides a clean and intuitive interface to manage your bookkeeping and accounting tasks – even from your mobile phone!
- With a powerful project management tool, easy payroll options, and an up-to-date dashboard, Xero is popular with a new generation of entrepreneurs and small business owners!
- Wave
- Wave is perfect for small, small businesses – including freelancers and consultants. Free to utilize, Wave allows you to connect your bank and credit card accounts to help automatically track income and expenses and it automatically generates financial statements.
- Wave makes money on payroll options and online payments through their proprietary invoicing system. Their professional invoicing system makes billing a breeze and even sends automatic payment reminders to customers to help avoid late payments.
Need help setting up and utilizing your new small business accounting and bookkeeping software? Still looking for that perfect virtual bookkeeper? We’d love to chat! Request a FREE consultation here, and we’ll be in touch soon!
