Best Accounting Software for small business 2019

Accounting plays crucial role in the development of small businesses. A weak accounting base may hinder the growth of small companies. It is, therefore, necessary to maintain every paper, document, bill, and invoice. Furthermore, accounting is also important in calculating the taxes and other expenses of the business. Gone are the days when the accountant had to scratch his head to prepare a balance sheet, P&L statement and other financial statements.

Today, there are many accounting software in the market which does the work of the accountant. They perform the same duties as that of an accountant. Let us have a look at the best hotel accounting software for the year 2019.

  • Tipalti

Tipalti will simplify each of your payments now. It comes with an array of useful features for a small business like payment facilitation, automated payment, advanced reporting, and others. It also makes the tax procedure much easier and better for the employees. This is one of the best invoicing software for small businesses in the year 2019. It will create all the bills payable and receivable in the business. Additionally, Tipalti simplifies the payment processes in more than 190 countries.

  1. QuickBooks

The next on the list is QuickBooks accounting software. Be its preparation of financial statements or payroll statements, this software can perform every accounting task in a precise manner. It comes with set of guides, videos, and tutorials so that any person without the knowledge of accounting can handle this software.  The plans of QuickBooks start from $5 to $25 per month. Furthermore, this tool also helps you in tracking the various bank transactions. It is a highly secure app for small businesses.

  • FreshBooks

FreshBooks has all the features of perfect accounting software. Most of the sole proprietors and freelancers use this tool for different tasks of accounting. It can generate bills, invoices, and other documents. Additionally, FreshBooks allows you to prepare balance sheet, cash flow statement and other statements you need in the business. It can also help you in making a payroll statement. There are many other beautiful features in FreshBooks such as online payment feature, mobile optimization, and others. It will show you the total accounts and bills receivable.

  • ZohoBooks

Small businesses have limited capital. Due to that, one has to incur fewer expenses. To buy accounting software is an important decision for small companies. If you want good accounting software with multitasking feature, choose Zoho books. It can do everything related to accounting. This tool has various useful features for your business such as graphs, cash flow statement, P&L statement, and others. One of the biggest advantages of ZohoBooks is that it is easy to install and use.

  • GoDaddy Bookkeeping

This is a nice option for small companies. It has lesser features than other software. For tax consultants and freelancers, GoDaddy Bookkeeping tool is the right choice. It simplifies the payment processes of small businesses. Additionally, this software has the feature of integration with online apps such as eBay and Amazon. This will further make the payment processes much easier. The plans of the GoDaddy Bookkeeping tool start from $4.99 to $14.99 per month. You can also get a 20% discount for the 1st year.

  • Xero

Xero is a popular accounting tool used in the small companies these days. It gives the best online bookkeeping services at affordable prices. It can manage all the tasks of accounting. It includes many accounting tools and amazing features for simplifying accounting work in small businesses. It shows the exact number of bills receivable and bills payable. In addition to this, this tool also calculates the taxes. It also helps in preparing the salaries of the employees.

  • 17Hats

The next on the list is 17Hats. It is preferred by many small business owners and freelancers. It comes with a robust dashboard through which you can perform every task of accounting. It helps you in managing payments, invoices, leads, workflows, and other tasks. Furthermore, the tool includes the features like to do lists, templates, and quotes to make your regular tasks much simpler. 17Hats can also be used by large business owners.

  • FreeAgent

FreeAgent is the ideal platform on which you can do any accounting task with ease. It includes many features such as cash flows, payrolls, expenses, time tracking, and others. It will help you in creating the invoices and bills of the small businesses. Additionally, you can keep track of all accounts payable and accounts receivable with the help of the dashboard. FreeAgent will also connect you to the bank. You can download all the bank transactions.

  • Wave

Wave is the ideal accounting software for the purposes of invoicing and tax management. It is a good tool for freelancers, sole proprietors, and small business owners. Wave allows you to generate invoices, bills, and receipts which you need to send to other parties. It further simplifies the payment processes. Wave is absolutely free to use. You can also know all your bank transactions with the help of this tool.

  • Sage 50cloud

The last one on the list is Sage 50cloud. It contains features such as cash flow, invoicing, taxes and budgeting. You will also get a free trial by completing the sign-up procedure. You can know the accounts payable and account receivable in a few clicks. The plans of Sage 50cloud start from $45 per month. It is one of the most powerful tools for small businesses.

Conclusion

These accounting tools will allow you to do all the accounting tasks with ease. They have all the features which are important for the growth of small businesses. You can do every task accounting task from generating bills to preparing financial statements with these tools.

So now, grow and expand your small business with the help of Red Bench Financial best small businesses accounting service with payroll.