Our accounting software makes it easy for small businesses to connect with apps you already use or discover new ones. We offer flexible plans and pricing to meet your needs and budget. Whether you just want help tracking receipts or you’re looking to automate complex workflows and support a large team, we have options for you. Investopedia’s “micro-business” pick is Xero, quicken bookkeeping which offers an affordable “Early” subscription plan for firms with few monthly invoices and expenses.

Put financial management software to work for you

• Terms, conditions, pricing, special features, and service and support options subject to change without notice.
• Whether your business is just getting off the ground or well established, Xero has a plan and features to meet your needs.
• Accounting software helps small business owners track their financial accounts, income and expenses, prepare for tax season and keep tabs on financials easily.
• Users need to generate a QuickBooks account and start a plan within the 30-day free trial.
• However, they also say that accessing the software on mobile devices is extremely difficult and navigating the software menu can be confusing at times.
• At the time of writing, Quicken’s rating on Google Play came in at a three star average.

Overall, Xero offers a basic interface for completing key accounting tasks. However, the dashboard offers some convenience features that make the user experience intuitive. Each report has an action button embedded so you can complete relevant tasks. Once pressed, a drop-down menu offers common action items, such as adding an invoice or a bill. Simply click on the option to be taken to a page that walks you through the process to complete the task. Zoho Books is a good choice for small businesses that are already using Zoho products and services because it integrates well with other Zoho apps.

QuickBooks®

Investopedia developed this process to provide an unbiased, comprehensive review to ensure our readers make the right decision for their needs. Investopedia launched in 1999 and has been helping readers find Suspense Account the best accounting software for small businesses since 2020. QuickBooks Online is a good option for many small businesses that are looking to make invoicing customers easy and integrate invoicing and payments into the general ledger.

• Here are some core elements of accounting software you should look for.
• Instead of leading me to certain partner products, I would have preferred a menu item of available integration products so I could see what was available and choose the right one for my business needs.
• Connect your QuickBooks account to your eCommerce platform apps like Shopify, eBay, BigCommerce, Wix, and more to sync products and stay on top of your small business orders.
• Xero, FreshBooks, and QuickBooks all sync with Gusto, our favorite payroll provider for small businesses.
• You’re looking through your bookkeeping records, getting an idea of your business’ financial standing for this quarter.
• Here, I could post updates on the project’s status, track hours worked and view project invoices, estimates, expenses and profitability reports, all from the project’s page.

Best for Managing Expenses

You can add Square’s free team management app to track hours for invoicing. Square Invoices is ideal for freelancers and small teams needing time tracking. Sage Intacctis a stripped-down set of accounting tools for small businesses that need an affordable and simple solution. You won’t find project or time-tracking tools, advanced analytics or automated workflows—for those, you’ll need to integrate other apps. With Sage Intacct, you can create and send invoices and track payments, set up automatic bank reconciliation and record receipts with AutoEntry (a paid add-on after the first three months).

It automates routine tasks like tax filing, reconciliation, report generation, and account allocations. This allows you to focus on higher-value activities for clients through unearned revenue strategic advising or tax planning. No matter what industry you’re in, understanding bookkeeping best practices is essential for keeping your business running smoothly. Advanced Pricing / Control, customize, and automate pricing is included in the Platinum and Diamond subscriptions only. QuickBooks Online also utilizes AI, primarily to identify inconsistencies and expedite reconciliations. Its automation is focused on core bookkeeping tasks such as bank feeds and tax calculations.

• QuickBooks 2025 guarantees every business organization can simplify accounting and increase functionality efficiently.
• In addition to protecting your data, cloud computing offers numerous perks that will help you boost your productivity and your business’ bottom line.
• A proud mother and New York University graduate, Julie balances her professional pursuits with weekends spent with her family or surfing the iconic waves of Oahu’s North Shore.
• This guide will help you determine the right accounting software for your needs and budget.
• Then you realize that this report is outdated and missing several important pieces of data, meaning it isn’t at all accurate.
• Full accounting departments will appreciate tracking income and expenses, sending invoices and accepting payments, handling tax deductions and tracking receipts and mileage—all available on all plans.
• Fortunately, there are many accounting software platforms that offer apps for Mac and iOS devices.