Small business owners needn’t fret over how to handle their accounting work. Let’s face it, accounting is not very interesting. So most business owners look at accounting like a chore they simply have to do to keep the business going. Luckily, many online accounting programs for small business are available today offering the best solutions for your accounting needs.
Accounting can be a painful process for most small business owners. Invoicing, payment tracking, updating expenses, payroll, tracking taxes, creating account statements are mundane and take up valuable time. However, for small business owners, many feel their focus needs to be on building their business, and they may not have time to spend on accounting. Fortunately, there are many online accounting programs for small business that can help them do their accounting easily, including:
1. QuickBooks
One of the more popular accounting software out there is QuickBooks. The software has an online version QuickBooks online, which can be used from any browser. Basic accounting tasks like invoicing, income and expense management, and estimate management can be easily done with QuickBooks. The basic fee is $10 per month. If you want payroll to be added, you need to pay $25 per month. For an additional $80 per month, payrolls and taxes are covered.
2. Wave accounting
Wave accounting can also be considered the best accounting software for small consulting business. The software is free and you need not pay anything for using the various features of this software. However, you may meet with an occasional advertisement or two, which can be irritating for some users. If you want the payroll functionality, you will have to pay $15 per month, plus $4 per employee.
3. Zoho books
Zoho books offers a simple accounting option for small businesses. $9 per month is the basic monthly fee. The biggest advantage of Zoho is the ability to automate many tasks.
This is a basic software and does not have an option for payroll.
4. Xero
The basic plan is $9 per month. It has limited functionality and you can only make 5 invoices. You may need to upgrade to the plan at $30 per month to create more invoices, and this advanced plan also includes payroll. For $70 per month, you can get the most advanced features. You can integrate other apps with Xero as well, which is a plus point for the software.
5. FreshBooks
It is a simple online software that gives you a host of functionalities at $13.5 per month. It also helps you to create projects and add users to it. This software, however, does not have a payroll option.
6. GoDaddy
GoDaddy bookkeeping is a simple accounting and bookkeeping software. You can perform all your accounting tasks easily and integrate it with your Amazon account too.
The basic plan starts at $4.99 per month and includes most basic accounting features. The premium plan at $14.99 per month offers more advanced features, including tax work.
Accounting made easy
Using these online accounting softwares can make a small business owner’s work easy. These software are simple and easy to use, with most of them being economically priced. Most online accounting programs for small business purposes function on the cloud. Hence, all data is made available online and you can access it easily at any time, wherever you are.
