As a small business owner, managing finances can be a daunting task. Luckily, with the help of accounting software, it can be made much easier. The challenge is choosing the right software that fits the needs of your business. In this article, we will explore the best accounting software for small businesses in 2017.
Easy to Use Interface
Accounting software should be user-friendly and easy to navigate. It should have a simple interface that allows you to access the features you need quickly and easily. This is especially important for small business owners who may not have a lot of experience with accounting.
Cloud-Based
Cloud-based accounting software is becoming more popular as it allows you to access your financial data from anywhere with an internet connection. This is particularly useful for small business owners who are always on the go.
Integration with Other Business Tools
Look for accounting software that integrates with other business tools such as CRM software, invoicing software, and payment gateways. This will help you streamline your business processes and save you time.
Scalability
As your business grows, your accounting needs will change. Look for software that is scalable and can grow with your business. You don’t want to have to switch accounting software every time your business expands.
Security
Your financial data is sensitive and should be kept secure. Look for accounting software that has strong security measures in place such as encryption and two-factor authentication.
Support
Good customer support is essential when it comes to accounting software. Look for software that offers phone, email, and chat support. Some software even offers a dedicated account manager to help you with any issues you may have.
QuickBooks Online
QuickBooks Online is one of the most popular accounting software options for small businesses. It is cloud-based and has an easy-to-use interface. It also integrates with other business tools such as PayPal and Shopify. QuickBooks Online offers a variety of plans to fit the needs of your business.
Xero
Xero is another popular cloud-based accounting software option. It has a user-friendly interface and integrates with over 700 other business tools. Xero also offers a mobile app for on-the-go accounting.
Wave
Wave is a free accounting software option that is great for small businesses with less complex accounting needs. It has a simple interface and offers features such as invoicing and receipt scanning.
Zoho Books
Zoho Books is a cloud-based accounting software option that offers a variety of features such as invoicing, inventory management, and project management. It also integrates with other Zoho business tools.
FreshBooks
FreshBooks is a cloud-based accounting software option that is great for small businesses that need to track time and expenses. It offers features such as invoicing and project management. FreshBooks also integrates with other business tools such as PayPal and Stripe.
AccountEdge Pro
AccountEdge Pro is a desktop accounting software option that is great for small businesses that prefer a traditional software experience. It offers features such as inventory management and time tracking.
FAQ
1. How much does accounting software cost?
The cost of accounting software varies depending on the software and the plan you choose. Some software options offer a free version while others can cost upwards of $50 per month.
2. Do I need to be an accountant to use accounting software?
No, accounting software is designed to be user-friendly and easy to use. You do not need to have an accounting background to use it.
3. Can I access my accounting software from my mobile device?
Most cloud-based accounting software options offer a mobile app that allows you to access your financial data from your mobile device.
4. Can I integrate my accounting software with other business tools?
Yes, many accounting software options offer integrations with other business tools such as CRM software, invoicing software, and payment gateways.
5. Is my financial data secure with accounting software?
Yes, most accounting software options have strong security measures in place such as encryption and two-factor authentication.
6. Can I get customer support for my accounting software?
Yes, most accounting software options offer customer support via phone, email, and chat. Some even offer a dedicated account manager to help you with any issues you may have.
7. What if my business grows and my accounting needs change?
Look for accounting software that is scalable and can grow with your business. You don’t want to have to switch accounting software every time your business expands.
8. Can I try accounting software before I buy it?
Many accounting software options offer a free trial period so you can try it out before committing to a plan.
Pros
– Saves time and money
– Reduces errors
– Provides real-time financial data
– Increases efficiency
– Streamlines business processes
Tips
– Choose accounting software that fits the needs of your business
– Consider the scalability of the software
– Look for software that integrates with other business tools
– Choose cloud-based software for easy access to your financial data
– Take advantage of customer support options
Summary
Choosing the right accounting software is crucial for small businesses. Look for software that is easy to use, secure, and scalable. Consider the features that are important to your business such as integration with other business tools, real-time financial data, and mobile access. Take advantage of customer support options and consider the scalability of the software as your business grows. With the right accounting software, managing finances can be made much easier, saving you time and money in the long run.