10 Best Accounting Software for Small Business in 2020 - Ultimate Guide
Review Expert
What is the best accounting software for business and personal use? We have 10 answers to that question.
You no longer need to be proficient in accounting to be able to succeed in business, modern software makes accounting, bookkeeping and reporting easy.
It helps with taxes, automation payments, invoicing and reminding customers to pay.
We've selected most popular accounting software for contractors and owners of small business based on users' satisfaction rate and range of available feature for price. You will find the best free accounting software in the list as well.
Enjoy our essential picks!
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#1 QuickBooks
It is a dinosaur in the world of accounting and bookkeeping software for small business. It has the most essential and versatile set of tools for payroll, accounting, inventory, time tracking, and analytics. This array of functions make it a little bit confusing to use, but there is a huge support system on the internet with tutorials, forums and Quickbooks support. There is a Mac version and the software is working on becoming the best cloud-based accounting software.
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#2 Sage 50cloud Accounting
Best payroll software for accountants. It is a perfect software to track internal processes in the company like time tracking, log ins, inventory, purchasing and many more. Sage50 has an advanced analytical and reports system, so you can see clear and brief overview on how your business is doing. Great accounting software for small to midsize business.
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#3 Zoho Books
Best cost accounting software. It involves time-tracking, fast invoice creating, reminders, online payment option, has a lot of useful add-ons. Its monthly subscription services are affordable. The software itself is easy to use and perfect for people who's never used this type of tools before.
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#4 Xero
Best online accounting software for business. It helps to manage invoicing, inventory, payroll and there is 24/7 support. It has a lot of planes and functions for any type of business and more than 600 integrations. If you are a Mac owner and not satisfied with Quickbooks, Xero as a clod based solution can be suitable.
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#5 Kashoo
Really great categorization of all the transactions without your participation. Smart processes recognize vendors you work most often with and keep track of that. There are not so many tools, however it's perfect if you don't need to track your inventory or time. User-friendly design is amazing and the tool itself is easy.
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#6 Sunrise
Best free accounting software for small business owners. It is really easy to use: register, connect your bank and start issuing your branded invoices. Supports double-entry accounting and has user-friendly dashboard.
#7 Wave Financial
Best free accounting software. It has basic accounting functions and free issuing of professional invoices with recurring billing and automated payments. However, in order to process payroll and other payments it charges commission. All the accounting functions are absolutely free. It makes it easy to track and manage your expenses and income.
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#8 FreshBooks
Best accounting software for self-employed and contractors. Has a wide variety of features from invoice reminders to your clients to tax calculation. Freshbooks accepts credit card payment, which eliminates hassle with checks. Great analytics and transparent operations. It is a great software if you are a contractor.
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#9 GoDaddy Bookkeeping
Best accounting software for Ebay sellers and it is integrated with Amazon and Etsy. It provides tools like invoicing, reconciliation, and tax preparation to organize and manage your books, but will not automate this process for you. It issues basic reports (profit and loss statement) and lets you accept credit and debit card payments via your phone.
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#10 17hats - Control The Chaos!
17 Hats is a metaphor for ability to do multiple jobs daily, which is basically what this software is for. It provides convenient dashboard with invoices, calendar, to-do lists, emails, tracking workflow and multiple projects and ability to plan ahead. It is truly best accounting software for medium sized business.
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