The growth of the company lies in the foundation of reliable accounting. But before discussing the accounting software, let us talk briefly about what accounting software is.

The accounting software is the essential app that permits an association for recording the flow of money for both external and internal auditing and review. It is the fundamental tool for meeting legal compliance requirements and evaluating the financial health of the organization through recording and detailing vital financial transactions such as receivable and payable accounts, general ledger, billing, inventory or stock, and purchase order. The latest version of such applications expands to other features such as employees timesheet, electronic payment, and payroll modules, covering other aspects of business operations.

 

WHAT SHOULD SMALL BUSINESSES LOOK FOR IN AN APP?

As a beginner, you should consider multiple features of small business accounting software. To most small businesses, what matters most is the price. As most businesses have a fixed budget, subscribing to a cloud-based solution can offer pricing flexibility, scalability, and customized processes.

Accounting is always 1 of the more critical part of any business association as it offers businesses with timely profitability analysis or estimate of losses. This process is vital for sound financial management, which provides companies important records of income and expenditure that can be used for rational financial choices. Here are the top 3 best accounting software for small businesses; we include benefits and features.

 

TOP 3 ACCOUNTING SOFTWARES

 

FRESHBOOKS:

This software assists the customers in addressing the recurring subscription and invoices. It holds up the collection of online payments through Google Checkout, PayPal, and Credit cards. It incorporates multiple business apps, providing for streamlined methods.

MOBILE OPTIMIZED:

The FreshBooks comes along with the add-ons for tools presently on iOS and Android, providing customers the access to reach information anywhere, anytime.

SIMPLE AND POWERFUL SOLUTION:

The new version of this software is intended to be simple, but this platform incorporates advanced features. The sleek interface comes with the software and cooperation among the members of the team is encouraged, leading to increased quality work.

ONLINE PAYMENT:

The time tracking capability of the payment due date is used in billing customers, also allowing the business to receive payments online via multiple payment gateways.

 

SAGE 50CLOUD:

An online accounting solution for assisting medium and small-sized businesses is Sage 50cloud which is compliant with all financial reporting standards.  It contains a lot of features that should be present in the best accounting platform, for instance, invoicing, cash flow, budgeting, inventory, and taxes.

BANK LEVEL PROTECTION:

You can keep the finances secure with the bank-level online protection and screen-level user access for saving all the vital information.

CONVENIENT AND POWERFUL HYBRID SOLUTION:

It provides you the best flexibility through a combination of control of desktop software and the accessibility of cloud with more than 50 modules to help with the financial operation aspect of a business.

ACCOUNTING MADE EASY:

For managing the business, it does not require being an accountant. Be ready for the tax season with the system’s balances and checks, making sure that your financial records are adhered to the highest financial standards.

 

NETSUITE ERP:

This affordable accounting software is accompanied by marketing, sales, and e-commerce functions to increase your business efficiency. The sale tools provide you with customer profiles and allow you to sync calendars, produce quotations, track the sales pipeline, automate communications and manage the leads with your team members for increased cooperation.

SINGLE TOOL TO HANDLE EVERYTHING:

With a solid financial foundation, coupled with modules for commerce, marketing, sales and order management, along with a host of other operational functions, your entire business process can be streamlined and handled from one application.

BEST FOR YOUR BUSINESS:

It is a reasonably priced bundle of best solutions for new businesses that you can implement quickly and easily scale to your requests. It is effortless to configure and supports the interface with a user-friendly setup.

FULLY MOBILE AND MODERN:

If you have a tablet or smartphone and an internet connection, NetSuite is best for you as it gives you the freedom to work from anywhere.

These are the top 3 small business accounting software that is best for you, which can help to expand your business while making things easier and simpler.