Most recommended accounting software for small businesses in the US
Monitoring business finance is necessary for improving your business’s financial health, even if the business is small in size. Accounting software benefits you by helping you track account receivings, accounts payable, get a clear picture of their financial status, and prepare for taxation.
However, not all accounting software tools are the same in terms of the features they offer. Also, not each of them is suitable for small businesses. If you are running your business in the USA, this article will help you with some of the best accounting software recommended for small businesses in the USA.
FreshBooks
Features
It allows you to create professional-looking invoices through easy customization, adding your logo and personalize thank you email.
Get your FreshBooks accounts updated automatically by connecting your bank account or credit card.
You can track time for tasks and manage the rest of the tasks accordingly.
Small businesses can collaborate with Contractors, Employees and Business Partners, and manage file permissions.
Know your business performance through easy-to-understand reports.
FreshBooks also comes with a mobile app that helps you connect all the time.
QuickBooks
Another highly recognized accounting software in the USA for small businesses is QuickBooks. This automated software effortlessly handles sales tax, bookkeeping, invoicing, etc. QuickBooks has several products and versions for small businesses with unique features. Its pricing starts from $12.50 per month.
Features
You can access your accounting files and data from anywhere and anytime.
It allows you to track everyday expenses and get you ready for tax time.
Send invoices with a click, and accept payments through credit cards, debit cards, and ACH bank transfer payments on the go and on any device.
QuickBooks offers bank integration.
You can customize its dashboard and reports as per your requirements.
Sage
Sage is hybrid accounting software recognized by millions of users worldwide for managing accounting, finances, payments, operations, and employees. It gives you control over an on-premise application while offering the flexibility of any time and anywhere access to key functions like customer details, order history, and business performance. There are three products available for small businesses- Accounting, Sage 50 Cloud, and Sage Timeslips. The pricing ranges from $7.5 per month for 6 months and afterwards, the price will change to $10 per month.
Features
Set up and get started from anywhere, anytime, and from any device.
Save your time in small business bookkeeping through automated invoicing and remote access.
Improve your business cash flow and get paid faster by providing customers a single button called “Pay now”.
Get easy integration with Office 365.
Create, send, and track invoices automatically.
Xero
Simple-to-use accounting software for micro-businesses, Xero comes with a clean interface. Being cloud-based, the software offers freedom of accessibility. The software is highly popular in countries like New Zealand, Australia, and the United Kingdom, and now it is turning into preferred choice among US companies as well. The pricing range starts from $20 per month.
Features
Create and send online invoices with quick online payment options.
You can integrate bank accounts with Xero to track the cash flow.
Easily manage payment, receivables, and expenses.
Get detailed and easy to understand reports.
A single dashboard is available to manage and monitor your business performance.
NetSuite
Netsuite, powered by Oracle, is a comprehensive business accounting software that comes with real-time financial visibility and business insights to drive financial excellence. It is a cloud-based platform, which means users will have flexibility while accessing. The pricing is tailored as per individual business needs.
Features
It offers seamless integration with all NetSuite order management, inventory, CRM and eCommerce functions.
reporting and analytics, to insight and decision-making, gain a more complete picture of your business on-demand and in real-time.
You use its revenue recognition management solution to get a clear picture of your business.
The dashboard enables you to manage users according to their roles.
Summary
There are various types of accounting software available in the USA for small businesses with different features and price tags. When evaluating the right interface, the type of industry and number of employees are two determining factors. But you also need to consider the cost, ease of use, features, integrations, and scalability. The above list of software is carefully chosen considering all the factors. Choose the one that fits your business and get into the world of automated accounting.
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