The Best Accounting Software for Small Businesses in 2024

If you’re uncomfortable with that level of integration, you can stick with manual transaction input. The main difference between the four plans is the number of clients that can be billed per month. Can manually enter time in Essentials plan and higher; automatic time tracking costs extra.

1. It was founded in 1983 and is headquartered in Mountain View, California.
2. They’re also available for questions during regular business hours.
3. Accounting software is less susceptible to human error and makes it easy to quickly run crucial financial reports, like a profit and loss statement or balance sheet.

Honest, Objective, Lab-Tested Reviews

But if you don’t general rules for debits and credits quite need all that power, there’s better value to be had elsewhere. On the topic of support, we should mention that it is essentially a self help knowledge database, along with a support portal. We disappointingly did not find more options for direct support, such as chat, a phone number, or direct email address. Bookkeeping and accounting can be frustrating enough if you’re not a pro. Learning how to use complicated accounting software on top of that is most likely not your ideal solution. The magic happens when our intuitive software and real, human support come together.

$20 per Month

You can start a timer from within the mobile app to log hours spent on a particular project or sync data from tools like Asana and Trello. Accounting can be complicated, and your work must always be accurate to avoid problems with customers and vendors, income taxes, and reports. The companies that make small business accounting software have worked hard to make it as simple and pleasant as possible. FreshBooks, Solopreneur, and Wave are among the easiest accounting programs to use. Most small business accounting services also offer the option to import existing lists from CSV and XLS files, but your lists’ configurations aren’t likely to exactly match those of your application.

Small businesses may be able to find a less expensive basic plan, while larger businesses may need to upgrade to a more expensive standard or premium plan. The “My Cabinet” menu option was accompanied by a folder image with a plus sign on the image. I could click on this folder image to access a “create new folder” form.

Is There Any Free Accounting Software?

What’s the difference between QuickBooks Online and QuickBooks Solopreneur? In short, Online is the more comprehensive and robust option for businesses with many vendors, employees, and clients. Solopreneur lacks Online’s reporting, inventory, and sales tracking tools.

Compare the best bookkeeping software for small businesses

Some notable features offered by AccountEdge include its custom reporting, data security, invoicing and project time tracking tools. For example, when trying to find which menu option allowed me to manage my invoices, I assumed this feature would be found under the “accounting” top menu. Having to click around to find key features added to the product’s learning curve. I then clicked on the “accounting” menu item and was taken to the accounting page. An explanation told me that doing so would allow me to automatically import transactions into FreshBooks, then match them with income and expenses in FreshBooks. When I opted to add my bank account, I was walked step-by-step through the process.

Plus, you can get automatic accounting reports, receive guided workflows and set it up in five minutes. It also offers strong budgeting functionality to assist with financial planning. All of these features combined make NetSuite a very capable option for businesses of a suitable size.

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. By clicking “more actions,” then “generate invoice” from the top of the page, I could also easily bill a client. QuickBooks is a good choice for freelancers and small businesses that need a simple way to track expenses, organize receipts and log mileage.