Do you run a business and want to keep a record of your expenses? In today’s world of tech, it’s quite easy to see how much you are spending and what’s your profit. You can use good accounting software and save a lot of time. It will also save you from the hassle of keeping records manually. Plus, you can easily calculate your taxes when the tax season rolls on.
There are many accounting soft wares out there. The best of this year are described below. You have to learn about each one of them and decide which one is best for you!
Intuit’s QuickBooks is the best overall accounting software known. It works well for a wide range of businesses and provides great services to keep your records right and safe.
Windows and Mac version is available for the desktop. Mac version does not have all the features of the windows version. So, you have to be very careful while choosing the software version for your business.
The reason QuickBooks is very popular is that you can easily find videos and tutorials to learn about it. QuickBooks is not easy to use. You will have to learn it from videos and tutorials on YouTube and then you can easily use it in the right way. Another good thing is that QuickBooks works well for many kinds of businesses and meets the needs of a business record.
The downside of QuickBooks is that its help forum is not providing actual help for their clients. You will find incorrect answers for many queries which will lead to frustration. The solution is that you should learn it by yourself from different videos and tutorials available on the internet.
QuickBooks isn’t cheap. The packages range from $5 for self-employed to $25 per month for plus services. They will charge extra for payroll and payment services.
QuickBooks is desktop software. Xero is CloudFirst and was adopted promptly by the Mac users who couldn’t find what they need from the Mac version of QuickBooks.
Xero offers 24/7 live chat without any extra cost. Also, it is huge on integration with as many as 600 integrations to help you see your invoices, inventory, payroll, and much more.
Not only this, Xero allows you to track time and money for every project which is undergoing. This helps you to keep an eye on each and every buck you spend or earn.
You can get a starter version of Xero at $9/month. Premium version costs $180 per month.
Wave stands out because it offers many features free of cost! Free invoicing and accounting software are on the list. You can use Wave for both personal use and business use. This prevents you from the need to switch from one app to another.
Wave works fine when you need it for the basic use as its accounting features are not as in-depth.
Wave charges for payroll services and payment processing. Credit cards and payroll pricing are just in-line with its competitors.
Formerly known as Outright, GoDaddy is best accounting software for freelancers. Online sellers can easily track their money through GoDaddy.
The best feature of GoDaddy is integration with online sales platforms from eBay to Amazon. You can use GoDaddy if your major sales are on the above-mentioned platforms.
GoDaddy makes time tracking and quarterly tax estimation a lot easier. But it does not include double-entry accounting.
GoDaddy is cheaper than others. Prices range from $3.99 to $14.99 with 20% discount on your first year of use.
Zoho is easy-to-use and you do not need an accounting degree to make some sense out of it. Its dashboard is quite understandable and is ideal for small businesses.
Zoho offers several apps and it takes pride in its user-friendly features. It has automated payment reminders when your client does not pay you on time. Other than this, it offers manual general entries, automated banking, and collaboration tools.
Zoho pricing ranges from $9 to & $29 per month. It offers a discount when you pay for the whole year upfront.
17Hats is for small business owners who wear lots of hats each day. They switch from one business to another as and when required. 17Hats is more than just accounting software. It is a productivity suite for small business owners. T also have bookkeeping features.
If you want everything under one roof, 17Hats is a great option. You can manage your payments, contacts, accounting records, quotes, contracts, time tracking, workflows, and even can synchronize your clients’ emails to your inbox just from your 17Hats dashboard.
You can get its access by paying $37 per month. It offers discounts annually and on two years of commitment.