When it comes to managing your finances, having the right accounting software can make all the difference. With so many options available, it can be difficult to decide which one is best for your business. In this article, we’ll explore the best cloud accounting software of 2016 and what makes them stand out from the competition.
Features
QuickBooks Online is one of the most popular cloud accounting software on the market. It offers a wide range of features, including automatic bank feeds, invoicing, expense tracking, and inventory management. The software is user-friendly and easy to navigate, making it a great choice for small business owners who are new to accounting software.
Integration
QuickBooks Online also integrates with a variety of other software, such as PayPal, Square, and Shopify, making it easy to keep track of all your financial data in one place.
Pricing
QuickBooks Online offers three pricing plans: Simple Start, Essentials, and Plus. Prices range from $25 per month to $70 per month, depending on the features you need.
Features
Xero is another popular cloud accounting software that offers a variety of features, including invoicing, expense tracking, and inventory management. It also allows for unlimited users, making it a great choice for larger businesses.
Integration
Xero integrates with a variety of other software, including PayPal, Stripe, and Square, making it easy to keep track of all your financial data in one place.
Pricing
Xero offers three pricing plans: Starter, Standard, and Premium. Prices range from $9 per month to $70 per month, depending on the features you need.
Features
Zoho Books is a cloud accounting software that offers a variety of features, including invoicing, expense tracking, and inventory management. It also allows for unlimited users, making it a great choice for larger businesses.
Integration
Zoho Books integrates with a variety of other software, including PayPal, Stripe, and Square, making it easy to keep track of all your financial data in one place.
Pricing
Zoho Books offers three pricing plans: Basic, Standard, and Professional. Prices range from $9 per month to $29 per month, depending on the features you need.
Features
FreshBooks is a cloud accounting software that offers a variety of features, including invoicing, expense tracking, and time tracking. It also allows for unlimited users, making it a great choice for larger businesses.
Integration
FreshBooks integrates with a variety of other software, including PayPal, Stripe, and Square, making it easy to keep track of all your financial data in one place.
Pricing
FreshBooks offers three pricing plans: Lite, Plus, and Premium. Prices range from $15 per month to $50 per month, depending on the features you need.
Features
Wave is a cloud accounting software that offers a variety of features, including invoicing, expense tracking, and receipt scanning. It’s also completely free to use, making it a great choice for small businesses on a budget.
Integration
Wave integrates with a variety of other software, including PayPal, Stripe, and Etsy, making it easy to keep track of all your financial data in one place.
Pricing
Wave is completely free to use, with no hidden fees or charges.
FAQ
What is cloud accounting software?
Cloud accounting software is a type of accounting software that is hosted on remote servers and accessed through the internet. This allows users to access their financial data from anywhere, at any time.
Is cloud accounting software secure?
Yes, cloud accounting software is secure. Most cloud accounting software use encryption to protect users’ financial data and have multiple layers of security to prevent unauthorized access.
Can cloud accounting software be used by non-accountants?
Yes, most cloud accounting software is designed to be user-friendly and easy to navigate, making it a great choice for small business owners who are not trained accountants.
Can cloud accounting software be integrated with other software?
Yes, most cloud accounting software can be integrated with a variety of other software, such as payment gateways, e-commerce platforms, and CRM software.
What are the benefits of using cloud accounting software?
The benefits of using cloud accounting software include: access to real-time financial data, automatic backups, scalability, and the ability to collaborate with others on financial data.
How do I choose the right cloud accounting software?
When choosing cloud accounting software, consider factors such as pricing, features, ease of use, and integration with other software.
Can I try cloud accounting software before I buy it?
Yes, most cloud accounting software offers a free trial period, allowing users to test the software before they buy it.
What if I need help using cloud accounting software?
Most cloud accounting software offers customer support, including online tutorials, user forums, and phone or email support.
Pros
Cloud accounting software offers a variety of benefits, including access to real-time financial data, automatic backups, scalability, and the ability to collaborate with others on financial data.
Tips
When choosing cloud accounting software, consider factors such as pricing, features, ease of use, and integration with other software. It’s also important to choose a software that is designed for your specific business needs.
Summary
Cloud accounting software is a great choice for small business owners who want to manage their finances more efficiently. With a variety of options available, including QuickBooks Online, Xero, Zoho Books, FreshBooks, and Wave, there is a cloud accounting software that is perfect for your business needs.