Best Small Business Accounting Software 2023

It’s the most comprehensive accounting program we review, and it does more than what many small businesses need. The software offers built-in online connections that support some remote work since it integrates with Microsoft 365 Business. Though it has a dated interface, doesn’t have a mobile app, and requires you to install the software on a desktop or laptop computer, Sage 50 Accounting is still a powerful piece of software. Since its founding in 2009, inDinero has been perfecting its offering of an all-in-one accounting service for small businesses. In addition to one of the widest arrays of services, inDinero offers clients access to a team of staff accountants and financial experts, just a click or call away with its easy-to-use dashboard or mobile app.

This user-friendliness means just about any business owner, regardless of their financial accounting acumen, can benefit from QuickBooks’ accounting software. Small-business accounting software can simplify financial tracking, offer powerful insights and drive your business toward profitability. The most important benefit of small-business accounting software is probably the time it saves. Once you sync your bank account and credit cards to your accounting program, the software automatically imports your financial transactions. This ensures you’re always working with the most up-to-date numbers as you’re making crucial business decisions. Most small-business owners don’t have an accounting background but need to carefully track their business’s finances to make sure they’re turning a profit.

How can I learn how to use accounting software?

These no cost options can be very helpful for start-ups who want to keep their accounts organized without committing to a solution, while also reducing initial costs. Other businesses might simply prefer them because they often allow for a greater control of your data, by running locally on your own machines- rather than on third-party clouds. Many third-party app integrations are available, such as Gusto, G Suite, and more.

If the software supports an app, consider both its desktop and mobile interfaces. Consider your needs carefully if you have a bookkeeper, virtual assistant or accountant that will need access. Many basic accounting plans only allow for one or two users with their own unique login.

How to choose the best accounting software

You’ll need a cloud-based solution if you have remote workers or an accountant who needs access to your accounting software. Most online accounting software for small businesses requires a monthly or annual subscription. If you or your staff only access software on-site, you can sometimes save money by purchasing a desktop solution. The accounting software picks that made the list were primarily evaluated based on their features, pricing plans and customer service.

In many cases you’ll simply need to add in your figures, collated from things like bank statements and receipts. GnuCash is accounting software designed for individuals and small businesses, and was initially conceived as an open source alternative to apps such as Intuit’s Quicken. You can bill in any currency, business accounting save time by setting up recurring invoices, allow customers to pay via credit card by checking a box, and even automatically bill their credit card to keep life simple for everyone. Another plus is the ability to turn an estimate into an invoice with ease, which is an enhancement to efficiency and workflow.