Best Accounting Apps for Small Business Owners

For example, if you want to watch a show on Netflix that’s only offered in Europe, you can set your location to somewhere in the EU. Your data is safeguarded with 256-bit SSL encryption and the app boasts a high uptime of 99.99%. It can also integrate with over 80 third-party apps, boosting its functionality. In essence, whether you’re a small or large business, Clockify’s robust offerings make it an excellent choice for all your time tracking needs. Efficiency in business is no longer just a goal, but a necessity in today’s fast-paced world.

the 8 best bookkeeping apps for small business owners in 2021

Best small business accounting software essentials

QuickBooks’ ease of use obviously extends to its mobile app—one of the most widely used mobile accounting apps for US-based small businesses—which is at least as user-friendly as the online software. Xero offers fantastic accounting features at a reasonable starting price, but the the 8 best bookkeeping apps for small business owners in 2021 best accounting software option for you depends on your business’s unique needs and budget. Lightspeed’s pricing plans are designed to cater to a variety of business needs, starting at $89 per month, paid annually. It also offers a 14-day free trial, allowing businesses to evaluate the system’s capabilities before making a commitment.

Perhaps the biggest advantage of a comprehensive small business accounting software is all of the time it will save. In the past, accountants and small business owners would have to hand-write and systematically file all of their expense reports and receipts in a physical location. GnuCash is accounting software designed for individuals and small businesses, and was initially conceived as an open source alternative to apps such as Intuit’s Quicken. The Starter package costs £8 a month plus VAT and is aimed at sole traders, contractors and small businesses. ZipBooks offers the basics you’d expect from accounting software, including invoicing, contact management, and expense tracking. Accounts receivable and accounts payable are available through Kashoo, as well as cash management, CPA firms, and bank reconciliation.

Why is Xero right for my business?

While FreshBooks is better suited to the smallest of businesses, QuickBooks is equally suited to freelancers and larger businesses. Beyond tracking billable hours and invoicing, this app also offers features like double-entry accounting and payment processing. Track expenses by scanning receipts and access a store of customizable templates. With live bank connections, you’ll keep track of real-time transaction data in a single user-friendly platform.

Can I do bookkeeping without QuickBooks?

If you own a small business, chances are you’re always looking for ways to save money. Zoho Books – the success of your business depends on your ability to manage your money. See why progress invoicing and receiving partial payments is highly beneficial. Android users have an overall better experience, and there are thousands of Android reviews of Xero’s app (compared to a few hundred of the iOS app).

The 5 Best Accounting Software For Small Business Of 2021

It’s certainly appealing as the accounts package is free, but the tools inside are also reasonably potent. VT Software is therefore really useful for small business owners, particularly those working for themselves who don’t need a more sophisticated cloud-based accounting bundle. While the desktop route is a solid one Zoho Books also has an impressive app presence, making it a good mobile bet too. The free plan gets limited to a business with less than $50k in revenue, 2 users (as in yourself and your accountant) and maxes out at a pretty generous 1,000 invoices for the year5 automated workflows.

  • It also helps by automating processes such as expense tracking and bank reconciliation.
  • Mobile accounting can work smoothly even with all users using different devices or mobile OS.
  • It’s made even more appealing thanks to a high level of automated functionality.
  • Another compelling feature of Square Appointments is its integration capabilities with popular platforms including Instagram and Google.

Remember, the value of these tools often extends beyond their price tag as they can provide priceless insights, save time and aid in the growth of your business. This app also provides advanced functionalities for those opting for paid plans. Starting at $5.49 per user per month (if billed annually), businesses can access tools for PTO requests, progress alerts, invoicing, GPS tracking and more. It further enhances user convenience with the Clockify Time Clock Kiosk, which transforms any internet-connected device into an employee punch clock. Clockify stands out as the best employee time tracking app due to its affordability, ease of use and feature-rich nature. It offers cloud-based time tracking, providing real-time insights into employee time, attendance and billable hours.

In addition, bookkeeping software can provide valuable insights into your business finances, helping you to make more informed decisions about how to allocate your resources. In short, Sage can be a valuable tool for small businesses looking to streamline their inventory management. This can help businesses to avoid stockouts, ensure that products are available when customers need them, and manage their finances more effectively. Additionally, Quickbooks Online automatically backs up data, so small business owners don’t need to worry about losing important financial information. From invoicing and tracking time worked to handling payroll and more, we’ve got you covered.

  • QuickBooks is comprehensive bookkeeping software that offers a wide range of features to small businesses, including invoicing, bill management, expense tracking, and more.
  • It’s about choosing the one that fits your business requirements and budget best.
  • If you’ve never set up a business bank account before, getting started is easy.
  • Separating your accounts doesn’t mean that your business doesn’t pay you, of course.

Most users like this free tool and the number of features offered under its free plan. Sage Intacct is best for financial service businesses that provide financial advice to B2B clients. In terms of ease of use, the best accounting software is definitely QuickBooks Online. Intuit developed this cloud-based software specifically for non-accountant small-business owners, and everything from the interface to the initial setup is as simple as possible.

If you’re running a one-person show, though — i.e., a wide variety of customizable reports is not a priority — this is likely the pick for you. Still slaving away in graphic design software to draft the perfect design for your business invoices? Once you’ve selected the best from the bunch, you can easily fill out and send off those invoices and manage ongoing bank transactions. If you’re self-employed, a freelancer or an independent contractor, you’re probably wondering if there’s an app that can handle just about all of your business’s financial needs.

the 8 best bookkeeping apps for small business owners in 2021

Navigating the vast ecosystem of business software, we come upon a category that is indispensable to every organization, big or small—Human Resources. This function, the heart of a business, has seen a transformative shift through digitization. HR apps are redefining the workspace, optimizing every aspect from recruitment to employee engagement, time tracking to performance management. As we turn our lens to this vital segment, we aim to spotlight the crème de la crème of HR apps. Our top pick for HR app is more intuitive, accessible and data-driven than ever before. The price of accounting software varies depending on the service provider and the features you’re getting access to.

While it doesn’t offer features such as payroll management or advanced automation, GoDaddy is a great option if you’re an ecommerce seller. Check out our review of the year’s best free accounting software to find budget-friendly bookkeeping. It’s also important to research different options to find the accounting software that best meets your security needs.

Cloud-based systems, which are increasingly popular, require less hardware than on-premises software. Owned by Intuit, QuickBooks has been the brand name in accounting and bookkeeping software for over two decades. QuickBooks’ biggest draw is its wealth of features, which offer a wide range of customization and flexibility.

Best free plan

Sage Business Cloud is a user-friendly bookkeeping app ideal for start-ups and small businesses. It includes a full accounting system with all your information safely stored in the cloud for on-the-go access. You can generate invoices, receive assistance with tax forms, and access profit and loss data from a central dashboard. One of the main benefits for beginners is that this app walks you through accounting processes, making it well-suited to those without an accounting background.