5 Bookkeeping Tools That Are Perfect for Small Businesses

Technological advancements have forever altered the way we conduct business.

Today, we rely on technology to make our day-to-day company operations function more smoothly and profitably.

Bookkeeping is one of the primary areas where business owners have seen significant improvement.

There are several different types of accounting software for small businesses, such as QuickBooks and Zohobooks bookkeeper, with differing capabilities and price tags.

In general, the type of industry and the number of employees are two aspects that might aid a small business owner in selecting appropriate accounting software.

Here are a few accounting tools that are both secure and efficient in their bookkeeping.

1. QuickBooks Online

Of the accounting software for small businesses tested, QuickBooks Online is the best overall. 

Not only do the vast majority of small business accounting experts utilise QuickBooks Online, but there are also a plethora of online training materials and forums where you may receive help if you need it. 

All accounting capabilities may be accessed from a single dashboard, making bookkeeping easier and more efficient.

^{2.  ZohoBooks} 

This online accounting tool comes with everything you need to improve your financial management.

Fetching transactions, connecting bank accounts, tracking spending and vendor balances, and many more functions are available in Zohobooks bookkeeper. 

It has capabilities that enable businesses to invite partners to connect Google Apps, PayPal, Google Checkout, and other services.

3. FreshBooks

FreshBooks, an online bookkeeping and accounting platform designed specifically for single proprietors, contractors, and consultants, is the best application if you're just starting a business. If you decide to add workers or contractors down the road, FreshBooks also has a Teams version.

FreshBooks was created with the non-accountant in mind, and it walks you through each accounting process step by step the first time you use it. 

4. Wave

Wave is a great accounting platform for a service-based small firm that doesn't need to maintain inventory or run payroll. Wave's free features will handle all of a freelancer's or service-based business' accounting needs, making it the top free software in our evaluation. Accountants can use Wave to pull the reports they need to compile a company's tax return at the end of the year.

5. Sage

Sage Accounting Start should be at the top of your accounting tools list if you own a one-person business.

For example, for $10 per month, you can record income and expenses and complete bank reconciliation.

If you require more features, you may upgrade to Sage Accounting for $25 per month to receive an overview of your company's finances, cash flow predictions, and bill vendors.

Final Words

Whether big or small your company is, adopting a few smart accounting solutions like Zohobooks bookkeeper, Sage, QuickBooks, and others will help you save time and energy on your financial management responsibilities.