Which Accounting Software Works Best for Small Businesses
As a small business owner, keeping track of your finances can be a daunting task. Luckily, there are now many accounting software options available to help you manage your finances more easily. But with so many choices out there, how do you know which one to choose?
In this blog post, we'll provide a factual and unbiased comparison of the top accounting software options for small businesses based on key features, pricing, customer support, and user reviews.
QuickBooks Online
QuickBooks is the most popular accounting software on the market, and for good reason. QuickBooks Online has a user-friendly interface, making it easy to navigate and manage your finances. It also integrates with a variety of apps and banks, allowing users to automate and streamline their accounting processes.
QuickBooks offers four pricing plans based on the needs of your business. The plans range from $25 to $150 per month, with each plan offering more advanced features to help you manage your finances.
Customer support for QuickBooks is considered a major plus, with multiple support channels including phone, email, and chat. The QuickBooks community forum is also helpful for getting quick answers to questions.
Lastly, QuickBooks has a high rating of 4.5/5 on software review websites, with users noting the software's ease of use and wide range of features.
Xero
Xero is another popular accounting software option, particularly well-suited for small and medium-sized businesses. Xero excels in automating accounting processes, allowing users to automate bank feeds, invoicing, and expense claims.
Xero offers three pricing plans that range from $11 to $62 per month. The plans offer different levels of access to features, with the higher-priced plans including more advanced features like projects, multi-currency, and expenses.
When it comes to customer support, Xero has a live chat feature that connects users directly to the support team. This is in addition to email and phone support. Xero has a 4.3/5 rating on software review websites with users citing its ease of use and helpful customer support.
FreshBooks
FreshBooks is a user-friendly accounting software option that is geared toward small business owners, particularly those in creative fields. The software offers time-tracking features, a handy for anyone who bills by the hour. FreshBooks also has integrations with popular payment gateways like PayPal and Stripe.
FreshBooks offers four pricing plans that range from $15 to $50 per month. The plans offer different tiers of features, with higher-priced plans including advanced features like team time tracking and double-entry accounting.
Customer support for FreshBooks is known to be excellent, with users having access to phone, email, and chat support. FreshBooks has a 4.5/5 rating on software review websites, with users citing its ease of use and helpful customer support.
Conclusion
When it comes to finding the best accounting software for your small business, you'll need to carefully consider your specific needs and budget. QuickBooks, Xero, and FreshBooks are all popular options that have proven track records of helping small businesses manage their finances more effectively.
QuickBooks Online is a great choice for those looking for an all-in-one accounting software with a range of features and excellent customer support. Xero is ideal for those looking to automate their accounting processes, while FreshBooks is a good choice for creative professionals who need robust invoicing and time-tracking features.
No matter which software you choose, rest assured that these three are among the top-rated accounting software options on the market today.
References
- QuickBooks. (2021). QuickBooks Pricing & Free Trial. Retrieved from https://quickbooks.intuit.com/pricing/
- Xero. (2021). Xero Pricing Plans. Retrieved from https://www.xero.com/us/pricing/
- FreshBooks. (2021). FreshBooks Pricing Plans. Retrieved from https://www.freshbooks.com/pricing
- Software Advice. (n.d.). Accounting Software Reviews. Retrieved from https://www.softwareadvice.com/accounting/