Overview of Small Business Online Accounting Software | 2016


All small businesses must decide how to manage the money coming in and going out. It’s important to understand that each small business is unique, and we recommend that you consult with a trusted advisor when it comes to setting up and managing the accounting methods and platforms you should use. On an accompanying post, we’ve outlined the reasons you need two of those trusted advisors: a bookkeeper and an accountant. In this post, we provide an overview comparison of ten current (2016) popular online accounting software that you, a bookkeeper and accountant may use to turn your financial operations into a finely tuned machine. But there are more solutions your advisor might suggest.


(VIA | PCMag.com, where you will find reviews and links to each software platform below.)

Name FreshBooks Zoho Books Xero Intuit QuickBooks Online Plus AccountEdge Pro
Best For Sole Proprietor Small Business with employees Small Business with employees Small Business with employees Small Business with employees
Double Entry
All A/R A/P Transaction Forms
Mobile Access
Time Tracking
Payroll
Customer/Vendor Portals
Inventory Tracking
Training Available
Live Support
Document Management
Estimates Quarterly Taxes
Integrates with CRM
Currency
Import Capabilities
Exports to Excel
Name GoDaddy Bookkeeping FreeAgent One Up Kashoo Wave
Best For Small Business with employees Sole Proprietor Sole Proprietor Small Business with employees Small Business with employees
Double Entry
All A/R A/P Transaction Forms√
Mobile Access
Time Tracking
Payroll
Customer/Vendor Portals
Inventory Tracking
Training Available√
Live Support
Document Management
Estimates Quarterly Taxes
Integrates with CRM
Currency
Import Capabilities
Exports to Excel