Best Online Accounting Software
Dealing with finances is something that most of us have to do in either our personal lives, business affairs or both. Low and behold, it can be quite a daunting ordeal in either capacity, which is why many people turn to the best small business accounting software to expedite the process.
The various software applications on the market are designed to make financial management speedier, easier, and more accurate, which takes much of the strain off our personal load.
Best Small Business Accounting Software: What to Consider
These days, you can choose from a wide variety of business accounting software providers and packages. However, it is important to work out what you want and need from your accounting software so that you can identify the most suitable option.
There are a number of different areas to consider before making a decision. Of course,
The following review is written with small businesses in mind so be aware of that point when analyzing the different features of each one. With that being said, there are a number of factors that you should take into consideration in order to help you make a more informed choice. Some of these areas include:
- The features that are offered and how suitable they are for your business needs
- How the software can increase efficiency and make time and financial management easier
- What platforms the software can be used on, such as mobile device or desktop
- The cost of the software
- Ease of use
The Best Small Business Accounting Software
- Cost effective software with a range of features
- Cloud based software that can be accessed from any device with browser access
- Perfect solution for freelancers and start-up businesses
- Simple to use
- Impressive consumers reviews and an excellent A+ BBB
- This software is not designed for larger businesses, as its features cater to start-ups and freelancers
Those who are keen to find accounting software that is both easy to use and extremely efficient will find that Sage One is the ideal solution. This accounting software offers a range of different features including payment processing, task management, invoice creation and project tracking amongst others.
It is worth noting that this software is designed for individuals like freelance professionals or start-up enterprises rather than larger businesses. This does limit its reach somewhat. However, if you do fit into the freelance or start up categories this could be a very effective accounting software solution.
Created by Sage Accounting, you'll have the type of assurance that you can only get from an established and reputable provider. Invoice customization, payment status tracking, and payment processing services are amongst the other features that are offered by this software. Data is all fully encrypted and secure, and it can be accessed from any web connection for greater flexibility. This is a cloud based system, which means that getting access to your data is quick and easy from a variety of devices.
As the software is designed for start ups and freelancers, you don't have to worry about being bogged down with features that you will never need, which helps to increase simplicity and ease of use. The software has an impressive 4 out of 5 from consumers on Knoji.com and an excellent A+ rating from the Better Business Bureau.
Verdict - Great
As a small business or a freelance professional you will find that this software could be perfect for your needs, as it offers a range of valuable capabilities coupled with simplicity and ease of use.
- Established and well known name
- Easy to use and ideal for businesses
- A range of packages to choose from
- Ability to add on a range of valuable features
- Software saves you time and makes financial management easier
- If you purchase the most basic package you may need to pay for additional modules or upgrade your package
A very well known name in the world of accounting is Intuit Quickbooks. They're a popular choice among business users who require software that is efficient, simple to use, and offers an array of features. You can look forward to all sorts of capabilities from this software, such as invoicing, tracking expenses, payments, reporting, and more. It can also be used effectively across device platforms including tablets and smartphones.
If you opt for the most basic version of this software, you will be able to perform a wide range of functions but won't have access to more advanced features unless you add on additional modules. This is something that you should take into consideration when selecting your software, as you may find that the basic version doesn't offer all the features that you need. There are three versions of Quickbooks available, that you can select based on your needs. This includes the Simple Start version, the Essentials software package, and the Plus version. Each one of these become progressively more advanced in terms of features so you can select the one that is best suited to your requirements.
Using this software has many benefits. From saving you valuable time when it comes to sorting out your finances to making all aspects of your financial management easier. There are many additional services available for business users, such as payroll and payment processing. You can add these on to your package if and when you feel you want them.
Verdict - Very Good
The many benefits that come with this accounting software makes it the perfect choice for business of all sizes. In addition to being a solid and reputable name in the world of Software, Intuit has also earned an impressive A+ rating with the Better Business Bureau. However, before deciding whether this is the right accounting software for you, it is important to consider the pros and cons.
- Designed to be simple and easy to use
- Offers a range of valuable features
- A choice of packages to suit different needs
- Cloud based, which means easy access from other devices
- Excellent customer service that has won awards
- The software isn't designed to handle inventory in large volumes
Simplicity, ease of use, and a range of valuable features are just some of the great benefits that come with using Freshbooks cloud accounting software. When you use this software you can also select from a variety of optional add-ons, which means that you can effectively customise it to suit your business needs. While Freshbooks is not suitable for handling large volumes when it comes to inventory, it can prove invaluable when it comes to invoice management and timesheet management.
You can also use this software from your mobile devices, which means greater flexibility and ease for those on the move. There are several account options that cater to different needs including the Seedling account for the management of up to 25 clients, the Evergreen account for unlimited clients, and the Mighty Oak account.
When you choose Freshbooks you will be able to look forward to excellent levels of customer service, as this is something that the accounting software maker has actually earned several awards for. Freshbooks really simplifies account and financial management, which means less time being tied to your desk and more time to focus on other areas of your business.
When it comes to consumer reviews this software has scored an impressive 5 out of 5 on Knoji.com as well as earning an excellent A+ rating from the Better Business Bureau.
Verdict - Very Good
If simplicity, easy access, and a wide range of packages is what you are looking for, give Freshbooks accounting software a chance.
- Excellent options for those who tend to bill by time
- Efficient and simple to use time and expense tracking tools
- No need to invest time in learning how to use the software
- Unlimited support for clients, invoices, and projects with paid accounts
- It is not suitable for comprehensive client information management, payroll or inventory
When it comes to time and expense tracking tools that are efficient and simple to use, Harvest is a very good choice of accounting software. You don't need to invest lots of time in learning how to use it and it makes management of time and projects extremely easy. You can also benefit from support for unlimited clients, invoices and projects with paid accounts.
While professional invoicing is made easy by this software, it is not suitable for comprehensive client information management, payroll or inventory, so this is something that you should bear in mind when deciding whether this is the right software for your needs. Its compatibility with various add-ons means that you can effectively customize it to suit your needs, which is something that will appeal to many businesses.
Managing budgets, time, and projects is something that is made far easier when you use this software and you can benefit from free apps for your mobile devices so you can track time and expenses even when you are on the move. This is a great choice for those who tend to bill by time.
Verdict - Very Good
Harvest is a decent choice for those who are looking for something that is simple, efficient, and can be easily customized to suit their needs.
- Software is simple and easy to use
- Range of features to make management, payment tracking, and invoicing faster
- No long term contract involved
- Cost effective solution for businesses
- All accounts are all inclusive with unlimited users, clients, and inv
- The software does not come with smartphone apps
- Unable to assign tasks or track documents
Simplicity, ease of use, and a range of features is the name of the game with FreeAgent accounting software. You can look forward to support for unlimited users as well as unlimited clients, projects, and invoices with FreeAgent accounts. FreeAgent also makes tracking mileage, expenses, and time fast.
Unfortunately, this software doesn't come with apps specifically for smartphones. It is also unable to assign tasks or track documents. However, the accounts offer a range of features and benefits, which makes it quite a cost effective option, particularly given that there is no long term contract that you have to sign up for.
The range of capabilities that come with FreeAgent includes project management, payment tracking and invoices, which are all features that can help the likes of freelance professionals, partnerships and contractors. It offers a lot of flexibility, such as the ability to set permission levels for each unique user.
Verdict - Good
If you are looking for a cost effective, fuss free, all inclusive solution for your online accounting needs, FreeAgent is a very good choice.
Accounting Software Review Recap
The needs of every business vary when it comes to accounting software. By working out exactly what you do and do not need from your software you can more easily determine which of these options is going to be best suited to your specific needs.
Best Accounting Software FAQs
What if I lose my internet connection?
If you lose your internet connection, then you won't be able to access any web-based accounting software like Sage and QuickBooks. The
Will my information be private?
The data and private information you input into anyone of the accounting software programs on our