Many of our Billing Software for Small Businesses readers are web professionals, and one of the questions we recently received was: what is the best accounting software for web professionals? Running your own business requires you to keep records, track income, expenses, taxes, invoices and more. Fortunately, there is some really good software available to help you simplify this process. In this article, we’ve selected the best accounting software for small businesses and online professionals.
Why use accounting software?
When you’re starting out, you can use a simple spreadsheet to manage your finances. As your income and expenses grow, things get more complicated Billing Software for Small Businesses.
You need to keep track of invoices, online payments, other income, expenses and taxes. If you don’t streamline this process, you’ll spend more time on these things and still not get them right.
With accounting software, you can easily track your finances, manage your invoices, do your bookkeeping and calculate your taxes. This can help you save a lot of time, while allowing you to manage your money more efficiently Billing Software for Small Businesses.
For this reason, let’s look at some of the best accounting software for online professionals, freelancers and small businesses.
Best accounting software for professionals
We look at the best accounting software used by thousands of professionals around the world. Our aim is to highlight software that is easy to use, affordable and offers the features you need.
QuickBooks
QuickBooks is one of the most popular accounting software Billing Software for Small Businesses for online professionals and freelancers. You can easily connect it to your bank account, PayPal and credit cards to automatically record all transactions.
It also allows you to send invoices to your clients and track them in the app. Your clients can also pay directly by clicking on the bill pay button.
QuickBooks makes accounting easier for non-accountants too. There are beautiful reports that give you a quick overview of your finances, as well as detailed reports on all your expenses, income and invoices.
Another benefit of using QuickBooks is tax management. If you use software like TurboTax, QuickBooks can save you a lot of time on tax returns Billing Software for Small Businesses.
It comes with an easy-to-use app for mobile devices that allows you to save receipts, manage your finances, and view reports on the go.
Pricing. Small business business plans start at $10 per month and self-employed business plans start at $5 per month.
GoDaddy
Most of you probably know that GoDaddy is one of the largest domain name registration companies in the world. However, they offer numerous other services, including cloud-based accounting software for small businesses.
GoDaddy’s accounting allows you to sync your bank, credit card, Amazon, Etsy, eBay or PayPal seller accounts to their accounting platform. It then automatically tracks all transactions and displays total profit and loss reports throughout.
It also includes simple invoice management with recurring invoices and integrated payments via Stripe or PayPal. It’s perfect for freelancers and small businesses looking for a simpler accounting solution, but lacks some of the advanced features you’ll find in the other apps on this list.
Pricing. Starting at $3.99 per month.
FreshBooks
FreshBooks is the ideal software for freelancers.
The FreshBooks dashboard has beautiful reports that make bookkeeping easy for everyone. It has a mobile app that gives you the freedom to view and manage things.
Pricing. Starting at $15/month.
Xero
Xero is another powerful web-based accounting software for professionals and small business websites. It offers plans and features that grow as your business needs grow.
With Xero, you can easily send invoices, accept payments, view bank transactions, manage contacts, and more. You can create multi-currency accounts, manage payroll if you have employees, and even manage projects from within the app.
It offers a simple and easy-to-use interface and nice reporting tools. It has many features that you may never use as a freelancer, but you may need as your business grows.
Pricing. The Junior plan costs $9 per month, but it’s too limited. You need the standard package, which costs $30 per month.
Wave
Wave offers free accounting software for small businesses. The mobile app allows you to save receipts on the go and keep track of things from anywhere.
The basic software is free to use. However, there is a transaction fee of 2.9% + 30 cents per transaction for credit card payments and 1% per transaction for ACH transfers. If you have employees, you should be aware that their payroll software is subject to a fee and is not included in the free package.
Free accounting software, transaction fees, and payroll software for a fee.
Zoho
Zoho is a well-known CRM software. With Zoho Books stock software for small business, they add a professional accounting software to their suite of applications. The biggest advantage of using Zoho is its CRM application.
It works well with other apps in their ecosystem and with multiple payment gateways, bank accounts and credit cards. This allows you to fully automate your accounting.
You can also share transactions with your customers by giving them access to your customer portal. You can even enable bulk payments to get your customers paid faster.
Pricing. Starting at $9 per month.
Wrap-up
If you’re looking for the most comprehensive solution, we recommend QuickBooks.
If you’re a small business owner and just want a simple solution, we recommend checking out GoDaddy Bookkeeping.
We hope this article helped you find the best bookkeeping software for small businesses, professionals and freelancers. You should also check out our articles on the best business phone services and the best email marketing services for small businesses.
Many start-up founders want to know how to manage their finances while taking care of day-to-day operations, investor expectations and long-term goals. This is especially true if they have never before been responsible for their company’s financials and cannot afford to hire an accountant. Accounting software is the answer, but finding the right software among the hundreds of software options is not so simple.
However, this list should take a lot of guesswork stock software for small business out of the equation. We recommend free and low-cost accounting software such as Wave, ZipBooks and Xero, while NetSuite and Sage50cloud are more expensive but excellent for established businesses. QuickBooks and FreshBooks are highly scalable, user-friendly and mid-priced, while Kashoo on the other hand meets very basic financial needs. In the end, choose the system that best suits your business and go from there.
