Best Small Business Accounting Software of 2021

Assuming you have a business, you might look for accounting software for online accounting services as well as to precisely manage the financial soundness of your business. Obviously, the software that you pick needs to directly relate to the size and scope of your business. There are more accounting software decisions accessible than at any other time in recent memory, all with an assortment of price points to fit any budget. It's time to track down the right item for you.

At the point when you're searching for small business accounting software, you have no deficiency of decisions. While that is extraordinary, it can likewise be confusing. To eliminate the confusion and have a superior thought regarding exactly the thing you're searching for, it's ideal to conclude what features you totally should have and work from that point.

Our top ten applications range from straightforward accounting software designed for sole practitioners to feature-loaded applications that develop along with your business.

Also Read: The benefits of being #XeroCertified

Top 10 Small Business Accounting Software to Try

• Sage 50cloud Accounting
• Xero
• Wave
• Intuit QuickBooks
• FreshBooks
• Zoho
• Truly Small Accounting by Kashoo
• GoDaddy Online Bookkeeping
• Oneup
• Sunrise

1. Sage 50cloud Accounting

Download: Android | iOS

Sage 50cloud flaunts the dependability of desktop accounting with the flexibility of the cloud. Practically all features that remote bookkeeper for small business could provide, including everything required by a small business, are accessible at all plan levels, including inventory management, payments, and banking. There are in excess of 150 reports that can be tweaked so you can get both a higher perspective and a granular perspective on your business. Sage Security Shield assists you with ensuring your data, and there's industry-and country-explicit functionality. Businesses that need additional assistance with canning schedule a one-on-one session with a Sage Accounting expert to get assistance setting with upping and managing the software.

Notable features:

• 30-day free trial
• In-app purchases: $56.08 – $842 per item
• Support available: Help center, FAQs, Phone

Online payments available

Pros	Cons
Photographic receipt tracking is an add-on
Manage multiple companies	Fewer payment integration options
Remote data access

2. Xero

Download:Android | iOS

Xero is a feature-filled accounting software app designed for small businesses. All your financial transactions can be managed through Xero, including paying bills, invoicing, and payroll which is provided by almost all online accounting services. Xero even permits your clients to pay online directly through their receipt by connecting to Stripe, GoCardless, or other payment options. Representatives can guarantee expenses on the go, and you can monitor their spending utilizing strong analytics. Work together progressively by inviting an advisor who can share the screen, and if you're moving from another app, you won't lose historic data as Xero permits mass import of CSV files.

Notable features:

• 30-day free trial
• In-app purchases: $5.50 – $31 per item
• Support available: Help center

Pros	Cons
Easy collaborations	Some features only available on premium plan
Integrates with 800+ 3rd-party apps	No one-on-one help available
Offers suggestions to categorize transactions

3. Wave

Download: Android | iOS

Regardless of the way that Wave is free, it has all that most small businesses need in accounting software. There are modules that manage to account, invoicing, payments, and receipts, and it additionally connects to your ledgers to effectively sync expenses and balance your books. The dashboard gives an outline of your money situation, and there are hearty reports to assist you with settling on business decisions. Customers can pay by means of the receipt through Stripe for just 1% per transaction; however, you can likewise manually enter payments you get through check or direct deposit.

Notable features:

• Free app
• Support available: Help center, Request form

Pros

Pros	Cons
Customizable sales tax	Some features only available in U.S./Canada
Double-entry accounting	No ability to send quotes
Run multiple businesses from one account

4. Intuit QuickBooks Online

Download: Android | iOS

Intuit QuickBooks Online can arrange all your accounting needs in one spot including inventory, invoices, projects, and individuals; notwithstanding, there are features you can't gain admittance to except if you're signed up for the more costly plans. QuickBooks will develop with your business, and assuming you have an accountant, it's probably they're now acquainted with the software. Online accounting services by QuickBooks likewise offers a Live Bookkeeping service to clients where a certified expert manages your books, including setting up the software, reconciling transactions, and shutting books every month.

Notable features:

• 30-day free trial
• In-app purchases: $0.99 – $124.99 per item
• Support available: Help articles, FAQs, Online chat, Email, Ask the community

Pros	Cons
Lot of features	Pay to access many features
Integrations with popular programs	Some features irrelevant to small businesses
Scalable

5. FreshBooks

Download: Android | iOS

Businesses that charge hourly for services might wish to check out FreshBooks. The app has a time-tracking option that permits you and your group to log hours worked for every customer and automatically puts the information onto a receipt for payment. The app likewise tracks overpayments and prepayments and automatically credits them to invoices, freeing up your time to offer more services. There are programmed checks and balances, so your books stay exact and agreeable, an undertaking module that helps your group stay on schedule, and a lot of reports to assist you with settling on savvy decisions.

Notable features:

• 30-day free trial
• In-app purchases: $4.50 – $360 per item
• Support available: Help center, Email, Toll-free number

Pros	Cons
Double-entry accounting	Limited features on less expensive plans
Manages sales tax	No tax-time specific reports
Accountant access

6. Zoho Books

Download: Android | iOS

Zoho Books is important for an enormous set-up of apps designed to provide you with a remote bookkeeper for small business services and control your entire business. It offers start-to-finish accounting, from arranging deals to invoicing, and is coordinated with Zoho's other apps. The vigorous inventory management system allows you to follow your inventory levels, set a reorder point, and recharge stock automatically. You can tweak your dashboard and reports so you see the information you really want and schedule reports, so they're sent automatically. Zoho Books likewise has a demo account so you can investigate the features without entering your own data.

Notable features:

• 14-day free trial
• In-app purchases: $1 – $274.99 per item
• Support available: Help center, Email, Toll-free number

Pros	Cons
Role-based access	No payroll
Third-party payment integrations	Works best with other apps
Automations to save time

7. TrulySmall Accounting by Kashoo

Download: Android | iOS

TrulySmall Accounting by Kashoo is designed for freelancers and sole proprietors and gives you the basics of online accounting services to guarantee your business is moving along as planned. The app wipes out repetitive tasks, like data entry and manual imports, so you have more opportunity to spend on developing your business. There is various automation to save you time, including making contacts from transactions and coordinating transactions with pertinent invoices. It even classifies transactions automatically to guarantee you're consistent and has inherent subcategories assuming that you need nitty gritty reports. The inherent pay system, KashooPay, allows customers to pay directly from the receipt, and full encryption protects everyone's data.

Notable features:

• 14-day free trial
• Free companion app to the TrulySmall web app
• Support available: Help center, Email, Toll-free number, Live chat

Pros	Cons
Easy sales tax summary	Harder to scale
Double-entry accounting
Can connect to 5,000+ banks

8. GoDaddy Online Bookkeeping

Download: Android | iOS

Businesses that utilize online marketplaces to sell their goods will appreciate GoDaddy Online Bookkeeping's integration options. The app can sync to Amazon, Etsy, eBay, and PayPal and automatically import your sales data from these platforms. The app highly esteems not having "feature bloat"; there are simply the fundamentals you want to maintain your small business. You can without much of a stretch acknowledge payments from your mobile device, and the app has similar security as banks, so you don't have to stress over the information being taken. You can likewise get to business reports to assist you with settling on business decisions.

Notable features:

• No free trial
• In-app purchases: $4.99 – $14.99 per item
• Support available: Help center, Email

Pros	Cons
Only the essentials	Syncing only available on advanced plans
Payment via mobile device
Sync to online marketplaces

9. Oneup

Download: Android | iOS

Oneup furnishes businesses with exemplary online accounting services and an across-the-board business solution. Other than accounting tasks like inventory, banking, and invoicing, Oneup has a shockingly powerful CRM that permits you to follow leads, openings, and tasks. All functions are completely coordinated, which means you can send quotes from the CRM, convert the statement to a receipt, and track sales proficiency so you're making upgrades dependent on hard data. One likewise has an AI that moves bank feeds to the accounting system with 95% accuracy, which means there's less time expected to check to account and fix botches.

Notable features:

• 30-day free trial
• In-app purchases: $9 – $169 per item
• Support available: Help center, Request form

Pros	Cons
Built-in inventory management	Fewer integrations than other options
Customizable cash flow forecast
Accurate transaction categorization

10. Sunrise

Download: Android | iOS

Sunrise is a full-featured small business accounting software solution. It's free for individuals utilizing the self-service software and has all that you'd expect, including linked ledgers, redone invoices, and simple-to-understand reports. You can set up recurring invoices, and your clients have the option of paying with Mastercard or setting up programmed payments. Sunrise's genuine power is in professional bookkeeping services. These start at $149 each month and proposition businesses one-on-one support from a professional clerk who gives exact monthly accounting. With this degree of support, you can pass on the books to professionals and concentrate on developing your business.

Notable features:

• >
• 30-day free trial
• Support available: Live chat, contact form, phone support

Pros	Cons
Expenses tracked automatically	Fewer reports than other options
Professional assistance available	Reports not customizable
Data backed up to multiple places

Why use accounting software?

Brilliant business proprietors use accounting software for an assortment of reasons. Some utilization of this is on the grounds that it works on the whole record-keeping process. Entering a client into a software application and making a receipt is a lot more straightforward than entering that equivalent information into a spreadsheet, and then, at that point, making a receipt in another application. Others use this on the grounds that they need to know how much money they're making, or at times, not making. Still, others use it to keep a superior handle on their business expense categories.

Also Read: The Key Of Strategic Outsourcing In Your Business

Global FPO is an Outsourcing Accounting firm consistently recognized for its exceptional outcomes and strong work culture, with 500+ happy and satisfied clients across. They provide everything from straightforward tax return work, or basic bookkeeping, to advance & complex Financial Statements to CPAs & Accounting Firms implementing best industry practices & values. Their Accounting solutions are comprehensive, customized to unique business operating models, and use “best-of-breed” technology under a strong two-tier reviewing mechanism ensuring the minimum risk of error.

Global FPO is a professional outsourcing and consulting organization offering services across the globe including USA, Canada, UK, Europe, Australia, New-Zealand, Japan, Dubai and Far East. GFPO experts provide services at competitive prices to our clients in the areas of:

1. Bookkeeping & Controller level services

1. Tax Filing,

1. Payroll processing

1. Accounting Advisory and GAAP Reporting

1. Audit and Transformation consulting

To explore more on Global FPO and its online Accounting/ Bookkeeping, Tax Return Preparation, Financial Statements, Accounting Advisory, Payroll Processing, and related Business Services contact us at:

Phone (USA): +1 (832) 426-2521, +1 (347) 781 5928 or

Email: contact@globalfpo.com.