What bookkeeping software for small businesses do you know? There are many bookkeeping software for small businesses solutions designed specifically, offering various features like invoicing, expense tracking, and financial reporting. Here are some of the most popular ones:
Let’s start with the leader of the group bookkeeping software for small businesses!
1. QuickBooks Online
— Best for: General use, cloud-based accounting
— Platform: Web-based, Windows, macOS, iOS, Android
— Features:
— Comprehensive bookkeeping features (invoicing, expense tracking, bank reconciliation)
— Payroll integration
— Customizable reports (profit & loss, balance sheets)
— Tax preparation and tracking
— Scalable plans for different business sizes
2. Xero
— Best for: Cloud-based, simple interface, growing businesses
— Platform: Web-based, Windows, macOS, iOS, Android
— Features:
— Invoicing, bill payments, and expense tracking
— Bank reconciliation and multi-currency support
— Inventory management tools
— Payroll integration and time tracking
— Easy integration with third-party apps (e.g., Stripe, PayPal, Gusto)
3. FreshBooks
— Best for: Freelancers, self-employed, and small businesses
— Platform: Web-based, iOS, Android
— Features:
— Simple interface focused on invoicing, expense tracking, and time tracking
— Integrates with payment gateways (Stripe, PayPal, etc.)
— Project management and client collaboration tools
— Multi-currency and tax-friendly invoicing
— Automated expense tracking through bank connection
4. Wave
— Best for: Free, small businesses and freelancers
— Platform: Web-based, iOS, Android
— Features:
— Free accounting and bookkeeping software with unlimited invoicing, receipt scanning, and expense tracking
— Bank reconciliation and profit & loss reports
— Payroll features available for an additional fee
— Basic functionality for small businesses with no advanced inventory or project management
— Payment processing (credit cards, bank transfers) for a transaction fee
5. Zoho Books
— Best for: Integration with Zoho suite of business apps
— Platform: Web-based, Windows, macOS, iOS, Android
— Features:
— Invoicing, expense tracking, and bank reconciliation
— Automated workflows (recurring invoices, auto-payments)
— Integrates with Zoho CRM, Zoho Inventory, and other Zoho apps
— Tax calculation and multi-currency support
— Project management and time tracking features
6. Sage Business Cloud Accounting
— Best for: Basic accounting and invoicing
— Platform: Web-based, iOS, Android
— Features:
— Invoicing, expense tracking, and financial reporting
— Bank reconciliation
— Cash flow forecasting tools
— Integration with payment platforms like Stripe and PayPal
— Affordable pricing with plans for startups and small businesses
7. Kashoo
— Best for: Simple accounting for small businesses and freelancers — Platform: Web-based, iOS — Features: — Single-entry and double-entry accounting — Invoicing, bank reconciliation, and expense tracking — Automatic categorization of expenses — Multi-currency and tax support — Real-time financial reports (profit & loss, balance sheet)8. AccountEdge Pro
— Best for: Businesses needing a desktop solution with strong features — Platform: Windows, macOS — Features: — Double-entry accounting system — Invoicing, payroll, inventory management, and time billing — Bank reconciliation and purchase orders — Cloud access available through the optional AccountEdge Cloud feature — Good for companies that prefer desktop software with cloud access9. KashFlow
— Best for: Small businesses in the UK — Platform: Web-based, iOS, Android — Features: — Invoicing, expenses, and VAT compliance — Payroll integration and tax management — Automatic bank feeds and reconciliation — Customizable reports and financial insights — Integration with third-party apps (PayPal, GoCardless, Stripe)10. FreeAgent
— Best for: Freelancers, consultants, small businesses in the UK — Platform: Web-based, iOS, Android — Features: — Invoicing, time tracking, and expense management — Automatic tax calculations (VAT, Corporation Tax) — Bank feed and reconciliation — Multi-project management with time tracking — Integration with UK tax authorities for simplified tax filing11. ZipBooks
— Best for: Free option for startups and small businesses — Platform: Web-based, iOS — Features: — Free invoicing, accounting, and financial reports — Paid versions offer more advanced features like smart tagging and auto-categorization — Invoice management with built-in payment gateways — Vendor and customer management — Visual reports like profitability and business health scoreKey Considerations:
— Ease of use: If you prefer simplicity and ease of use, consider FreshBooks, Wave, or ZipBooks. — Advanced features: QuickBooks, Xero, or Sage Business Cloud Accounting are better suited for more complex financial needs. — Budget: Wave and ZipBooks offer free tiers, while others like QuickBooks and Xero have affordable entry-level plans.Of course, there is other bookkeeping software for small businesses! Each bookkeeping software for small businesses offers different plans based on the business size and requirements, so it’s worth exploring the free trials or demos to see what fits your needs best.
