The 9 Best Small Business Accounting Software of 2023
QuickBooks is a good choice for freelancers and small businesses that need a simple way to track expenses, organize receipts and log mileage. While I appreciated all of Intuit QuickBooks’ features and its intuitive user experience, when testing this product, I would have preferred less upselling within the platform. When I clicked on a feature that looked like it was included, I was frequently rerouted to a page that prompted me to purchase an add-on, which was frustrating at times. Accessing all included tools using the left-hand menu was easy, as it’s a menu that is always present no matter where I navigated on the platform. Once I clicked a menu tab, all the tools I needed to use to complete relevant tasks were included in the resulting page.
The rise of mobile accounting solutions is also driving growth, with businesses increasingly opting for flexible, on-the-go software to streamline operations. From real-time financial management to payroll and inventory control, these tools provide the essential support needed to stay organized and enhance productivity. Along with Sage Intacct, Sage offers accounting solutions tailored to smaller and larger businesses alike. If Sage Intacct seems too hefty for your needs, we recommend Sage 50, a combined cloud- and desktop-based solution with small-business accounting basics like expense and income tracking, billing and invoicing. Xero is easily one of the most user-friendly online nta abbreviation american english definition and synonyms accounting systems available. Its accessibility and starting price of $15 a month make Xero ideal for first-time business owners, freelancers and solopreneurs alike.
Resources for Your Growing Business
- We weighted each category equally to derive our star ratings, along with our accounting expert’s opinion and advice.
- Additionally, companies that require many users or manage multiple entities most commonly want small business ERP software with a full suite of functionalities to go along with their accounting.
- NetSuite’s representative said that pricing depends on the modules and users a company needs.
- Its user-friendly dashboard, low learning curve, and easy expense tracking make it ideal for freelancers and small-business owners who don’t mind finding another app to manage inventory.
- Odoo offers a free, open-source Community edition without any licensing fees.
I could also access filters on reports by pushing the down arrow at the top right-hand corner of each report. Filters allowed me to sort reports by time period, including a custom date range. After creating the project, I was taken to a page designated to that project. Here, I could post updates on the project’s status, track hours worked and view project invoices, estimates, expenses and profitability reports, all from the project’s page.
While it has very few user reviews, users who posted say that it is an easy-to-use solution with task tracking and lead capturing tools. They also appreciate the friendly, responsive and knowledgeable customer service OneUp offers. However, it doesn’t offer time tracking of payroll features, creating fewer efficiencies than some competitors provide.
Some say they preferred the legacy version of the software rather than the cloud-based version. They also find it frustrating that they often have to log in repeatedly due to software glitches. ZarMoney is a customizable software built for businesses that need flexibility and precision. At its core, it offers dynamic invoicing capabilities allowing businesses to generate bespoke online invoices tailored to their specific requirements. This adaptability extends to bank connections, integrating with over 9,600 financial institutions across the U.S. and Canada.
Sage Intacct: Best for midsize businesses
If you’re on a budget, you can reduce costs by opting for a less expensive plan, choosing à la carte options or only paying for the features you need. Small businesses may be able to find a less expensive basic plan, while larger businesses may need to upgrade to a more expensive standard or premium plan. Once I finished answering the setup questions, I was given access to the platform. The first screen I saw was the “all files” screen, which allowed me to see any files I had stored in my Neat account. As I tested the software, it was clear that the platform was designed primarily for the purpose of storing financial documents.
Best Accounting Software and Services
But its nonprofit solution includes tools for managing records and scheduling events and even includes a donation portal. And because it’s a cloud-based system, you’ll be able to access your real-time accounting and other business data on the go from anywhere. The Growing plan is the platform’s most popular and is recommended for growing businesses while the Established plan is recommended for established businesses. Each plan includes an unlimited number of users for free, which is extremely helpful for companies with several team members or a large accounting department. A major disadvantage of the Early plan is the fact it limits users to 20 quotes and invoices per month and only five bills a month. Companies that want to link payroll to their accounting software must integrate with Gusto at $40 per month.
And Sage Intacct is one of the best accounting services for nonprofits. Additionally, FreshBooks doesn’t include bank reconciliation with its cheapest plan. Since bank reconciliation is an absolutely foundational accounting task, we can only recommend FreshBooks’s cheapest plan to freelancers or brand-new startups with just a few transactions a month.