‘Finance’ is that strong pillar on which every successful business is built upon. Without finances, there isn’t much to struggle for. This makes accounting and financial management core business processes. Every business needs efficient cash flow management to ensure the business keeps running swiftly.
The massive digitalization going on currently has transformed every sector and the Accounting sector is no stranger to this transformation. From using Excel sheets for recordkeeping to switching over to accounting software, the Accounting industry is under a massive transformation. Accounting software have made accounting processes more swift and efficient while ensuring the security of financial information.
However, Accounting as a profession is divided into various sectors and not all accounting software works efficiently for all sectors. Here we will be listing down some of the most widely used Accounting software that bookkeepers prefer using.
When it comes to accounting software, Quickbooks has got it all. Bookkeepers enjoy the features offered by Intuit QuickBooks Online. Some of its features include:
Some of the above mentioned tasks ease the work of a bookkeeper and help them streamline their processes efficiently.
Zoho Office Suite offers a complete suit of applications as Software -as-a service that includes Zoho books which is a versatile bookkeeping application. Its features include:
Xero is a cloud based accounting software that is preferred by Mac users as a substitute for Quickbooks online. From managing invoicing to inventory, Xero offers a wide range of features. Moreover, its integration with over 600 applications makes it an even more convenient choice for bookkeepers. Its features include:
Bookkeepers can access Xero even from their mobile phones and tablets.
Freshbooks was founded in 2002 and is owned by 2ndsite Inc. Freshbooks is a widely used cloud-based software and can be accessed through desktops, tablets and mobile devices. It is a light-weight accounting software best suited for freelancers or small business owners. The most basic plan supports upto 5 clients and the most popular plan offers support for up to 50 clients. Its main features include:
Wave is one of the cheapest Accounting software available for bookkeepers as well as individuals. It can very well take care of your bookkeeping needs. The paid version also includes a bookkeeping suite of tools. Wave offers the following features:
If you are looking for an accounting software for your small business then look no further than Sage50Cloud. Its main features include:
Formely known as Outright, Go Daddy bookkeeping is one of the cheapest bookkeeping software available for freelancers. It can easily integrate with sales portals like Amazon, Etsy, Ebay as well as your bank accounts which makes it a great bookkeeping software. However, if you are an international business looking for advanced bookkeeping features then Go Daddy Bookkeeping isn’t for you. Its main features are:
Brightbook is another free bookkeeping software which works perfectly well for new small businesses that are just getting started. Some of the main features that Brightbook offers are:
The technological boom has affected almost every industry and therefore it has become even more important for businesses to upgrade their existing business models as the competition is fierce. Here we have discussed some of the best accounting software that can help streamline your bookkeeping processes and help your business grow.
Also See: Why Your Business Need A CRM System?