Smart Accounting programs for small business you should consider in 2019

Bookkeeping is now an easier task with the help of software. Earlier,the small businesses had to hire an accountant to check the books of accounts. That would take a longer time than software. The accounting software can do better work than an accountant.

There are important features which accounting information system software should have. Apart from cost-effective, they must be capable to perform other tasks as well. Let us have a look at those factors:

Factors to consider while choosing accounting software for small business

• Easy setup process

Generally, small businesses have both skilled and unskilled employees. The accounting software must have an easy set up so that any person can handle it. It should not consume much space on the desktop. The features and functions of the accounting software should be easy.

• Affordable in price

Small businesses have to save expenses because of limited capital. The accounting and payroll software for small business must be affordable in prices. Using affordable accounting software will save much of the money and efforts.

• Bills and invoices

Business has many transactions which need invoices. You should pick the accounting software which can generate invoices. It will also show you the amount receivable from debtors. A good quality accounting software keeps the track of bill payments. It also gives the perfect details of cash and credit transactions.

• Bank transactions

Many bank transactions occur in small businesses daily. It is better to download affordable accounting software these days. Accounting software will connect to the bank and give you regular updates. It will show you all the bank transactions by cash or credit card. It will give the facility to download all the transactions from the bank.

• Online payment facility

Today, there are many accounting programs which have the feature of online payments. The customers can pay online all their outstanding dues. This will ease the process of payments. Small businesses thus do not have to maintain physical registers or invoices. You can know the total debtors in an easy way.

• Payroll and salaries

Smart accounting software will count the salaries and packages. It will process the payroll and make the work of accountant much simpler. The accounting software will count the salary by deducting all the taxes.

• Financial statements

Small businesses have many incomes and expenses. Entering entry each day in the register is quite tedious. Getting accounting software will ease your job. It should have the ability to prepare different financial statements.

Good accounting programs for small companies

There are many accounting programs for small businesses which you can try. They are as under:

• Sage 50cloud

Whether it is a cash flow statement or inventory, this tool will ease every work. It comes with many add-ons like HR/payroll, data management,and others. It allows you to keep the records of account payable and receivable. With Sage 50cloud, you can download bank transactions too.

• Quickbooks

Quickbooks is undoubtedly the best accounting software for freelancers and solo entrepreneurs. It offers the plans starting from $17 to $25 per month. It simplifies every work of small businesses such as preparing payroll and cash flow statements.

• Zoho Books

Easy to install, Zoho Books is definitely a better choice this year. It is a secure tool to handle all the accounting transactions of the small businesses. With the help of this tool, you can prepare payroll, cash flow statements,and other financial statements.

• Xero

Xero has smarter features than usual tools. It provides reasonable accounting plans for small businesses. It allows preparing cash flow statement and creating invoices and bills. Xero comes with various features such as 24/7 tech support, unlimited users and others. Xero plans start from $9 to $60 per month.

• OnPay

The next on the list is OnPay. It is a nice option for a small business. Reasonable in prices, OnPay will give accurate payroll processes along with tax filing. It has a simple installation procedure too.

• ZipBooks

ZipBooks is one of the smartest tools for small companies. It is a good option to maintain the records of total incomes and expenses. It comes with bookkeeper to perform all the normal accounting transactions. Although it has some limitations, ZipBooks is a good option.

• Wave

Wave is a robust tool for creating invoices and doing all accounting work. You can manage accounts payable and accounts receivable very well with the help of Wave. It is available free of cost. It is a hassle-free tool you can install for doing different tasks of your small company.

• JobPower

Contractors and builders use this tool on a large scale. It has every feature of best accounting software. It can generate invoices and manage all the documents in a systematic way. It also fulfills the payroll requirements. It has different plans for different companies.

• FreeAgent

FreeAgent is the ideal tool for small businesses. It has many wonderful features that will help in managing all the accounting tasks. You can prepare bills and invoices on this software. It connects you to the bank so that you can download all the bank transactions in an easy manner.

• FreshBooks

The last one of the list is FreshBooks. It is one of the best tools for small businesses and companies. It allows you to handle different projects in a professional way. It has all the features useful for your small business.

Conclusion

These are some of the best accounting software you can download for small business. They are simple to install and provide excellent accounting and bookkeeping services. These tools offer affordable plans and amazing features.

So now, you can manage all the accounting transactions of your business with the help of these tools. They give effective results and contribute to the growth of your business as well.