What is the best bookkeeping software for a small business

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Software vendors are continuously working hard to make bookkeeping and accounting as easy as possible for the end-user. Making sure you choose the right software for your business is most important. I have picked out the top 5 bookkeeping software for a small business.

FreeAgent

Easy to use, FreeAgent is an incredibly intuitive and easy to learn bookkeeping software. When you first sign up for FreeAgent, you will be prompted to enter your previous tax year, usually quite a long one. From there, you will be prompted to add relevant details for your current financial years, such as sales, expenses, income, and VAT. After you are done with your financial summary, you can run reports to get a more detailed understanding of the business and budget. You can also integrate your income and expenses with your Sage Accounting and SAP or Oracle accounting software to get the best of both worlds. You can try it for 30 days. If you open a business account with NatWest, you are offered a subscription to FreeAgent as part of your business banking.

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QuickBooks

QuickBooks is the most popular bookkeeping software in the market. Bookkeeping is a critical area of business management. QuickBooks not only offers a great way to manage your accounting but also gives you the option of offering for sale. You can pay for bookkeeping with this option, and you can buy it even if you aren’t selling anything. QuickBooks provides a Profit and Loss (P&L) feature to help you measure business performance for home businesses. QuickBooks is easy to use and has an exemplary user interface (UI). It comes with multi-user support, all the tools you need for bookkeeping. It is free to download; you will need to purchase a subscription to use this bookkeeping software.

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Xero

Xero is cross-platform bookkeeping and accounting application that allows you to efficiently run a business and make accounting accessible to the entire team. It integrates with a wide range of cloud services, including Google Apps, Dropbox, and Salesforce, and allows you to track a wide range of expenses, create invoices, track payment amounts, etc. Xero includes many custom features and tools, such as collaborative workspaces, mobile access, and online portals, which allow you to generate reports and documents.

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FreshBooks

FreshBooks is the popular free bookkeeping software for businesses of all sizes. With FreshBooks, you will save a lot of time. The software comes with handy features like receipt printing, invoicing, reporting, and more. Usually, FreshBooks is available as a free download. But you can always opt for one of their packages, these being lite, plus, premium or a custom package. These are all different price ranges to suit your business needs. It will get you additional features like invoices, expense reports, quotes, estimates, calendars, shopping lists, time tracking, and more. The free version comes with all the essential features that you need.

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Sage Business Cloud Accounting

Sage Business Cloud Accounting has updated and improved the best software for small businesses, making it a superb choice for new users. With the award-winning Sage One for accounting. The accounting applications can be downloaded for a personal, small, medium or large business. Additionally, it has an integrated e-commerce section and has an online marketplace to accept orders. Sage Business Cloud Accounting is available for all major operating systems, including Mac, PC, Windows.

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