As a small business owner, managing finances can be challenging. However, with the right cloud accounting software, it can be a breeze. In this article, we will be discussing the best cloud accounting software for small businesses.
Overview
QuickBooks Online is one of the most popular cloud accounting software for small businesses. It offers a range of features, including invoicing, expense tracking, and financial reporting. QuickBooks Online also integrates with many other business applications, including PayPal and Shopify.
Pricing
QuickBooks Online offers a range of pricing plans, starting at $25 per month for the Simple Start plan and going up to $150 per month for the Advanced plan. There is also a 30-day free trial available.
Key Features
Some of the key features of QuickBooks Online include:
- Invoicing
- Expense tracking
- Financial reporting
- Inventory management
- Time tracking
Customer Support
QuickBooks Online offers phone and chat support, as well as an extensive knowledge base and community forum.
Overview
Xero is another popular cloud accounting software for small businesses. It offers a range of features, including invoicing, expense tracking, and financial reporting. Xero also integrates with many other business applications, including Stripe and Zapier.
Pricing
Xero offers a range of pricing plans, starting at $11 per month for the Early plan and going up to $62 per month for the Premium plan. There is also a 30-day free trial available.
Key Features
Some of the key features of Xero include:
- Invoicing
- Expense tracking
- Financial reporting
- Inventory management
- Time tracking
Customer Support
Xero offers phone and email support, as well as an extensive knowledge base and community forum.
Overview
Zoho Books is a cloud accounting software that offers a range of features, including invoicing, expense tracking, and financial reporting. Zoho Books also integrates with many other business applications, including Stripe and PayPal.
Pricing
Zoho Books offers a range of pricing plans, starting at $9 per month for the Basic plan and going up to $29 per month for the Professional plan. There is also a 14-day free trial available.
Key Features
Some of the key features of Zoho Books include:
- Invoicing
- Expense tracking
- Financial reporting
- Inventory management
- Time tracking
Customer Support
Zoho Books offers phone and email support, as well as an extensive knowledge base and community forum.
Overview
Wave is a cloud accounting software that offers a range of features, including invoicing, expense tracking, and financial reporting. Wave also offers a free accounting software option for small businesses.
Pricing
Wave offers a free accounting software option, as well as a range of paid add-ons, including payroll and payment processing.
Key Features
Some of the key features of Wave include:
- Invoicing
- Expense tracking
- Financial reporting
- Inventory management
- Time tracking
Customer Support
Wave offers email support, as well as an extensive knowledge base and community forum.
Overview
FreshBooks is a cloud accounting software that offers a range of features, including invoicing, expense tracking, and financial reporting. FreshBooks also integrates with many other business applications, including Stripe and PayPal.
Pricing
FreshBooks offers a range of pricing plans, starting at $15 per month for the Lite plan and going up to $50 per month for the Premium plan. There is also a 30-day free trial available.
Key Features
Some of the key features of FreshBooks include:
- Invoicing
- Expense tracking
- Financial reporting
- Time tracking
- Project management
Customer Support
FreshBooks offers phone and email support, as well as an extensive knowledge base and community forum.
What is cloud accounting software?
Cloud accounting software is accounting software that is accessed through the internet, rather than installed on a computer.
How does cloud accounting software help small businesses?
Cloud accounting software can help small businesses by automating financial tasks, such as invoicing and expense tracking, and providing real-time financial data.
What are some important features of cloud accounting software for small businesses?
Some important features of cloud accounting software for small businesses include invoicing, expense tracking, financial reporting, inventory management, and time tracking.
What is the pricing for cloud accounting software?
The pricing for cloud accounting software varies depending on the software and the features offered. Some software offers a free option, while others require a monthly or yearly subscription fee.
What is the best cloud accounting software for small businesses?
The best cloud accounting software for small businesses depends on the specific needs of the business. Some of the most popular options include QuickBooks Online, Xero, Zoho Books, Wave, and FreshBooks.
Can cloud accounting software integrate with other business applications?
Yes, many cloud accounting software options can integrate with other business applications, such as PayPal and Shopify.
Is customer support available for cloud accounting software?
Yes, many cloud accounting software options offer customer support through phone, email, and chat, as well as an extensive knowledge base and community forum.
Is cloud accounting software secure?
Yes, cloud accounting software is secure and often uses encryption and other security measures to protect financial data.
Cloud accounting software offers many benefits for small businesses, including:
- Real-time financial data
- Automated financial tasks
- Access from anywhere with an internet connection
- Scalability for growing businesses
- Integration with other business applications
When choosing a cloud accounting software for your small business, consider your specific needs and budget. Look for software that offers the features you need, as well as good customer support and security measures.
Cloud accounting software can be a game-changer for small businesses, offering real-time financial data, automated financial tasks, and scalability for growing businesses. Some of the best cloud accounting software options for small businesses include QuickBooks Online, Xero, Zoho Books, Wave, and FreshBooks. When choosing a cloud accounting software, consider your specific needs and budget.