Over 40% of the U.S. economic activity comes from small businesses. That means small businesses play a vital role in the lives of many people. For that reason, having good financial health is important as it will help your small business stay afloat.
Fortunately, small business accounting is simple if you have the right tools on hand. That’s why today, we will give you some of the best accounting software that’ll keep your business financially strong.
The accounting process can be quite tedious and slow, but with Zoho Books, you’ll be able to do it with a click of a button. Zoho Books also offers a complete tutorial on the invoicing process, perfect if you’re new to the accounting process. So what are some of its distinguishing features?
- Scalable for large and small business accounting
- Easy-to-use sales order list
- An intuitive inventory management section
Zoho Books is the perfect accounting software for beginners, but it may fall short for more experienced business owners.
If you’re somewhat familiar with the accounting process, then AccountEdge Pro is a must-have accounting software tool. The strong point of AccountEdge Pro is its detailed and comprehensive inventory management module. This makes it the perfect tool if your small business manages lots of inventory.
Here are some of the notable features:
- Allows you to sync with Shopify
- Simple payroll process
- Has desktop and online versions
Of course, the price tag for AccountEdge Pro is a bit expensive, compared to others, but well worth the investment. Remember that it’s a tool with a steep learning curve, but business entrepreneurs like Cassmer Ward highly recommend setting the time to learn how to use it.
QuickBooks is not the average accounting software since it focuses on nonprofits, manufacturing businesses, or general contractors. So, it can’t handle all small business accounting, but if your business is one of the three mentioned beforehand, then it’s a great accounting software to have. Here are some of the features it offers:
- Cloud server hosting
- Donation tracking module
- Smooth payroll processing
Something that makes QuickBooks stand above the rest is its huge community forums. In these community forums, you can ask questions and get professional help managing your small business accounting.
If you have a very small business, then Kashoo is the best option to have as accounting software. Its user interface is quite simple and quite easy to learn how to navigate. Some of the most useful features are:
- Simple income/expense screen
- Ability to connect multiple bank accounts
- You can export all reports to Excel
Another feature that Kashoo offers is that it lets you track client, supplier, and item details.
Small Business Accounting Made Easy
Small business accounting can be straightforward to have done. All you’ll need to do is pick one of the accounting software we recommended. Then, once you choose the one that fits your business, be sure to learn every feature it offers if you want to reap its benefits.
Did you find this post useful? If so, be sure to check out our other business-related articles on our blog. Without a doubt, you’ll find another one that’ll pique your interest!