5 Bookkeeping Software Options for Small Businesses

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Running a business requires a wide range of skills, from handling customers to crunching numbers, but that doesn’t mean you have to do everything on your own. Fortunately, quality bookkeeping software can help you with those numbers, and make your crazy days that little bit less intense! Here are five of our top software picks for business owners. 

Xero

When you’re looking for bookkeeping software that makes cash flow easier to manage, Xero is a good find. Its broad range of features and reliable support service has made it the software of choice for almost one million business owners who enjoy living less complicated lives. Backed up by its ecosystem of apps, Xero automates snooze-worthy daily tasks like importing bank transactions and sending invoice reminders AND handles the bigger things like payroll and job tracking. 

Plus, as a truly global product, Xero allows you to convert between dozens of currencies without waiting in line at the bank. In other words, it’s just right for business owners with some serious international expansion plans (world domination, anyone?). Here’s the bottom line: when you want the give your business the X-factor, Xero is just the accessible, low-cost option you’ve been looking for.

Intuit Quickbooks Online 

The name of this app might just leave you wondering, “What part of bookkeeping could possibly be considered intuitive?” but Quickbooks is a trusted brand for a reason. With a list of handy features almost as long as your to-do list, this is a great bookkeeping software option for anyone who likes to get more than they paid for. Speaking of payments, this app is hardly the cheapest on the market, but once you see what it can do, you’ll be cutting other expenses to make it work. Its capabilities include secure, automatic backups to Intuit servers, hundreds of integrations, comprehensive payroll support, and the ability to automate and customize reports, invoices, and statements. Sold?

Wave

We all love getting something for free, even when that thing is as boring as bookkeeping software. It may not have made it onto your Christmas list for this year (and yes, I already have mine written!) but there’s no reason why you can’t just give yourself the gift of Wave. Not only will this nifty software cost you ZERO dollars, but it will also cover all of your bases with a smart selection of features.

You’ll also get the benefit of excellent invoice and transaction management capabilities, and the ability to make and receive instant payments in multiple currencies, and you know what that means – there’s nothing stopping you from taking your venture global. The only downside is that there’s no dedicated time-tracking feature or comprehensive mobile app, but you get what you pay for, and as free bookkeeping applications go, this one ticks a lot of boxes. 

Zoho Books

Bookkeeping is an information game, and the right details can make all the difference to your bottom line. If you want more depth and detail in your bookkeeping software, Zoho Books has got you covered! The app interface has plenty of custom fields to help you capture all of the details you need on the go, including inventory, time, expenses, transactions, and mileage, while also handling your most important documents. Most importantly, it provides a great user experience and generous support options, including a direct messaging function and countless how-to pages on the website, in case you get totally lost.

Freshbooks

Like Zoho Books, Freshbooks is all about providing a great user experience. Think handy storage of receipt images, super-fast invoicing capabilities, and a handy automatic timer – there’s plenty to love, especially if you’re a sole proprietor. Rather than slinging all users into the same basket, Freshbooks services a diverse user community with different versions of the app for sole traders and larger businesses. They’ve also added double-entry accounting capability, which is pretty much essential for companies with more than one employee, and a few handy team collaboration tools.  

There you have it! Five of the best software options for small business owners. All you have to do now is work out how to use them – and this is where many people run into problems. As intuitive as some of these programs are, sometimes you just don’t have the time to get to know the ins and outs of the software. 

If your to-do list is looking a little overwhelming, don’t stress! I’m gearing up to launch a brand new bookkeeping service over the coming months, so keep your eyes peeled!

Bookkeeping Software Options
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