This post is part of the series, SmallBusiness.com Guide to Starting a Business: Information, resources and advice about starting a business. You can browse other posts in the series below.
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|
|All A/R A/P Transaction Forms||√||√||√|
|Estimates Quarterly Taxes|
|Integrates with CRM||√||√||√||√|
|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|
|All A/R A/P Transaction Forms√||√|
|Estimates Quarterly Taxes||√|
|Integrates with CRM||√||√|
|Exports to Excel||√||√||√||√|