samall business accounting

Which accounting software is the best for small business?

  1. Freshbooks
  2. Moneyspire
  3. AccountEdge Pro
  4. Wave
  5. Xero
  6. GoDaddy Bookkeeping

We live in an age of technological prowess and that influence seeps through every single layer if society, even finance and accounting. Using accounting software can lift a huge burden off the shoulders of stressed accountants that are very nervous about messing up an account or getting a couple of numbers wrong.

Of course, that’s nothing unusual as it’s something that more or less comes with the job description. However, when those depend highly on accuracy and the repercussions are massive, it’s in everyone’s best interest for them to be done right the first time.

Of course, that’s nothing unusual as it’s something that more or less comes with the job description. However, when those depend highly on accuracy and the repercussions are massive, it’s in everyone’s best interest for them to be done right the first time.

New age, new tools

Accounting software has been available for many years now but with the advancement of the digital space, so have accounting software solutions improved and evolved. Small companies that use Windows as their operating system can benefit from the options we provide in this article. Here, we look at the top solutions for accounting software based on popularity and efficiency.

Business owners and managers looking for such software will have the opportunity of seeing what kind of programs other businesses use and praise. That being said, let’s get straight to it and see what businesses can rely on for solid accounting support on the software side of things.

What is the best accounting software for small businesses?

1. Freshbooks

When it comes to financing software, Freshbooks definitely has a solid reputation as being one of the very best solutions on the market. There are many different attributes that recommend Freshbooks such as its support. Freshbooks provides excellent support, meaning that any trouble that the user might run into can be swiftly solved so that work can continue in an efficient manner.

Great features make Freshbooks obviously useful and a no-brainer when it comes to its popularity

Right off the top, the reasonable pricing is an important factor that needs to be taken into consideration. On the feature side of things, Freshbooks isn’t lacking, with a sturdy list of available features. One of its best features is definitely the fact that it can be as expansive as the user needs it to be. Within a firm, priorities and necessities can change as it also grows.

If you’re after something bigger, Freshbook can grow into the finance software you’ve grown to need

Freshbooks can be also grown into something that suits all needs, from small to challenging. It comes with great tracking and expense management features but it can also be enhanced with add-ons that provide additional API and tax management support. That can be quite the useful thing to have on-hand.

Other than that, Freshbooks provides a long list of available functions that help users keep their finances in check, starting with reports and processing of payments down to invoices and cloud invoicing.

Great things about Freshbooks

  • It provides great support for teamwork, making collaboration a significantly easier task thanks to all the new tools and options.
  • It caters to the financial needs of multiple types of businesses and so it can be used for more than one endeavor.
  • Users can rely on context-sensitive settings to ensure that accuracy as at full capacity.
  • Users benefit from a grade An experience that makes using the software easy and comfortable.

2. Moneyspire (recommended)

Moneyspire has a friendly and customizable user interface, so you can easily customize font size, colors and all other aspects.

The application is fully compatible with other finance software, so you can easily import QIF, QMTF, OFX, QFX and CSV files from other finance applications. It’s worth mentioning that this application supports all world currencies so it will work regardless of your region.

If you tend to work with foreign currency, you’ll be pleased to hear that Moneyspire can download the latest exchange rates and it can even transfer money between foreign accounts. The application can work with an unlimited number of accounts, and it supports Bank, Credit card, Cash, Investment and other types of accounts.

In order to keep a close eye on your finances, there are several types of reminders available. The managing process is quite straightforward, and the application can even automatically record reminders and create reminders from transactions.

Moneyspire allows you to create an unlimited number of categories and tags in order to organize your finances, and you can easily create reports by tags or categories. Of course, the application supports an unlimited number of payees, so you can easily keep a close eye on each payee and even generate reports by payee.

Moneyspire has online baking support and you can easily download transactions thanks to the Moneyspire Connect and Direct Connect services. In addition, you can easily pay bills using the Direct Connect service. The application also has optional cloud support so you can sync and share data between several devices.

It’s worth mentioning that you can separate your personal and business finances and even transfer money between your personal and business account with ease. If you’re concerned about your safety, you should know that the financial data is protected by 128-bit encryption, so malicious users won’t be able to access it at all.

Moneyspire is a great application if you want to manage your home or business finances, and with its simple interface and plethora of features, it’s perfect for all users. The application is available on PC and Mac. As for mobile devices, iOS version is available, while the Android version is coming out soon.

3. AccountEdge Pro

AccountEdge Pro can be a good solution for businesses looking for a desktop heavy program to help them with finances. There aren’t many of its type left and that would make business owners feel a bit wary to its efficiency. That shouldn’t be a concern however as AccountEdge Pro is able to provide great accounting perks to smoothen out processes and make previous dreadful chores into something way more endurable.

AccountEdge Pro features all the perks of a modern day tool but with the vast experience of a 90’s software

The service itself has active for a very long time and AccountEdge Pro was used as early as the 90’s when it functioned under a different name (MYOB). However, the software available today isn’t the same one from the 90’s obviously, as the developer has made massive upgrades over the years.

The software is massively different today even when compared to rather new iterations such as the 2015 version of the software. The fact that updates are continuously pushed through ensures that the latest capabilities are being thoroughly represented in today’s era of accounting software solutions.

There are quite a few advanced features here, but that doesn’t mean accounts will have to spend endless nights up to learn them

There are many different features that would make AccountEdge Pro the perfect buy for a large number of users and businesses. For starters, it provides help for lead management and it improves on the user experience with a very efficient interface that furthers its efforts to be a productivity booster. The software is proficient in both active duty enhancements and various reporting and report management. For instance, it comes with a Web Pay feature that strengthens the business’s integration in the online medium but also a profitability report tool.

Great things about AccountEdge Pro

  • Even though it provides some really complex features, it manages to keep their management under a pleasing user accessibility threshold. This means that they won’t be virtually locked for anyone that doesn’t have a certain proficiency level with those types of features.
  • It features very useful double-entry tools that are easy to get into and visibly boost accounting performance thanks to the easy learning curve.
  • It strikes a balance between making itself user-accessible and not shying away from the more complex and advanced accounting software functionalities.

Editor’s Note: This article continues on the next page. If you’re interested in other financial software and tools, check out our wide collection of guides.