Accounting Software For Small Business: The Best Options

5 August 2022

There are a lot of accounting software programs out there, but picking the right one for your small business can be a challenge. The best accounting software for small businesses needs to be affordable, easy to use, and offer a variety of features to help you manage your finances.

To help you find the best accounting software for your business, we’ve rounded up some of our top picks. Read on to learn more about the best accounting software for small businesses in 2022.

QuickBooks Self-Employed: Best Overall Accounting Software for Small Businesses

QuickBooks Self-Employed is our top pick for the best overall accounting software for small businesses. This program offers a variety of features to help you manage your finances, including tracking your income and expenses, creating invoices, and running reports. QuickBooks Self-Employed is also affordable, with plans starting at just $5 per month.

Wave: Best Free Accounting Software for Small Businesses

Wave is a great option for small businesses that are looking for free accounting software. This program offers a variety of features to help you manage your finances, including invoicing, tracking income and expenses, and running reports. Wave is also easy to use, which makes it a good choice for small businesses that might not have a lot of experience with accounting software.

FreshBooks: Best Accounting Software for Invoicing

FreshBooks is our top pick for the best accounting software for invoicing. This program offers a variety of features to help you manage your finances, including creating and sending invoices, tracking income and expenses, and running reports. FreshBooks is also easy to use, which makes it a good choice for small businesses that might not have a lot of experience with accounting software.

Xero: Best Accounting Software for Small Businesses with Multiple Users

Xero is our top pick for the best accounting software for small businesses with multiple users. This program offers a variety of features to help you manage your finances, including invoicing, tracking income and expenses, creating financial reports, and managing multiple users. Xero is also affordable, with plans starting at just $9 per month.

Zoho Books: Best Accounting Software for Small Businesses on a Budget

Zoho Books is our top pick for the best accounting software for small businesses on a budget. This program offers a variety of features to help you manage your finances, including invoicing, tracking income and expenses, creating financial reports, and managing multiple users. Zoho Books is also easy to use, which makes it a good choice for small businesses that might not have a lot of experience with accounting software.

What Is Accounting Software?

Accounting software is a program that helps businesses manage their finances. The best accounting software programs will offer features like invoicing, tracking income and expenses, creating financial reports, and managing multiple users. Accounting software can be a great way to save time and money, as it can automate some of the more tedious tasks associated with bookkeeping.

How to Choose the Best Accounting Software for Small Businesses

When choosing accounting software for your small business, there are a few things you should keep in mind. First, you’ll want to consider your budget. There are many great accounting software programs out there, but they can range in price from free to hundreds of dollars per month. Second, you’ll want to think about the features you need. Do you need something that’s simple and easy to use? Or do you need something that’s more robust and offers a variety of features? Finally, you’ll want to make sure the accounting software you choose is compatible with your business’s accounting system.

The Bottom Line

Accounting software can be a great way to save time and money for your small business. When choosing accounting software, you’ll want to consider your budget, the features you need, and whether or not the software is compatible with your business’s accounting system. QuickBooks Self-Employed, Wave, FreshBooks, Xero, and Zoho Books are all great options for small businesses.