Individuals and business owners use accounting software to track their accounts and record revenue and spending. It automates an organization’s financial activities and transactions with modules such as accounts payable, accounts receivable, payroll, billing, and general ledger, making manual procedures more efficient and prone to errors.
We chose these based on the features and functions specifically designed for small business owners, ease of use, cost, and more. Here are our top picks.
- FreshBooks
- Intuit QuickBooks
- Sage Business Cloud Accounting
- AccountEdge Pro
- Wave Accounting
- Xero
- Zoho Books
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Intuit QuickBooks
Intuit Quickbooks is the best online accounting application for small businesses, thanks to its depth, flexibility, and extensibility. It’s easy to use, well designed, and built to serve a wide variety of users. Beyond its first-rate suite of capabilities, the program sets itself apart with elements like receipt capture and 24/7 chat support online training resources and forums to get support when needed.
Features of QuickBooks include:
- Sales tax calculations, returns, and recorded tax payments
- Automatically sort transactions and expenses into tax categories
- Financial institution integration as well as integration with PayPal, Square, Shopify, and more
- Create customized reports with cashflow tracking visible on your dashboard
- Help to file quarterly and annual tax returns with user guides and exporting tax data
- Track expenses in one place and track miles with your smartphone’s GPS
- Scan receipts and attach them to invoices
- Share with your accountant or export documents
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