The Best Accounting Software for Small Businesses in 2025

30 Apr The Best Accounting Software for Small Businesses in 2025

As you can see above, FreshBooks pricing covers a range of costs (the crossed out price above is the ongoing price, while the lower price refers to the deal you receive for the first three months). The lowest plan is ledger account a reasonable $19 per user, per month, although its Plus plan ($33 per user, per month) is more popular. This means that you can save time manually re-creating or changing documents, as Zoho will already have all the details. This costs $8 per month, paid annually, and capped at 50 scans a month, but remember – time is money. Unlike QuickBooks, Zoho Books doesn’t charge extra for its time-tracking capability.

• Compared to QuickBooks, Zoho Books offers better customer service and a more user-friendly UI.
• It is a subscription service that allows you to scale up or down with a budget of as low as $5 per month.
• Find out more about accounting packages for small business, right here.
• Although on the whole, business accounting—and choosing the right software—may seem difficult and time-consuming, these tasks are crucial to your operations.

Best Overall: QuickBooks

When accounting software is fully-integrates with other departments, it can help reduce costs significantly. Invoices are generating and sent to customers and payments recorded automatically. Zoho Books does everything the big boys (QuickBooks and Xero) do but at half the cost. best small business accounting software 2020 It’s a complete accounting package with excellent invoicing and allows you to access your accounting records from a browser. It’s used by both small and mid-sized businesses and is known for its aesthetic properties and usability. Sage Business Cloud Accounting is a cloud-based accounting and invoice management software for small businesses.

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Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships. Paid add-ons include Zoho Payroll, advanced autoscans, warehouse management, and additional users. Accounting services pay special attention to your company’s expenses—not bills that you enter and pay (though most support this), but rather other purchases you make.

• As the name implies, QuickBooks has a special focus on bookkeeping, and you can easily add up to 25 team members (with the highest monthly plan on QuickBooks Online) to track and reconcile all accounts.
• Most notably, it lets you set automatic customer payment reminders, create recurring expense profiles, and manage 1099 contractors.
• When you’re launching a brand-new business, money can be tight, and paid accounting software can seem like a luxury.
• Most accounting software providers have a free version with limited features.
• Xero offers their web-based business accounting software in three plans.
• In this case, we put eight accounting software products to the test across 111 areas of investigation.

QuickBooks Online Advanced

Like the business accounting software solutions we’ve explored, Bench offers a simple, web-based bookkeeping software for small businesses. The next option on our list of best accounting software for small businesses is Zoho Books. With plans ranging from $0 to $70 per month, this is one of the most affordable—yet still robust—small business accounting software solutions out there. However, both QuickBooks Pro and Premier have their downsides, and therefore, are not right for every small business. Although these QuickBooks Desktop products are some of the most robust small business accounting software options on the market, they also have a high cost, require local hosting, and limit your account users. Therefore, if you want more mobility, simplicity, and flexibility from your small business accounting software, you might try another option on our list.

QuickBooks Online Plus

A good small business accounting service gives you information that helps you answer these questions based on the input you supply. Instant search tools and customizable reports help you track down the smallest details and see overviews of how your business is performing. Mobile apps and websites give you access to your finances from wherever you are. Zip Books is free and designed specifically for small businesses, contractors, and accountants. It will help you with time tracking, invoicing, and management of virtual payments Bookstime like credit cards and PayPal.

• Add-on costs include payroll, payment processing, and professional bookkeeping services.
• We take a look at some of the best accounting apps you should be using in 2020.
• They reconcile your accounts and close your books at month’s end to prevent errors.
• It lacks some features you might consider important such as time-tracking and purchase orders.
• QuickBooks is our pick for the easiest accounting software to use, since everything from uploading invoices to tracking payments and sales is a piece of cake.
• Solopreneur ($20 per month) targets sole proprietors like freelancers and independent contractors, while the more advanced Wave Pro ($16 per month) can handle a very small business with employees.

GoDaddy Bookkeeping has 3 plans – Get Paid at $4.99 per month, Essentials at $9.99 per month, and Premium at $14.99 per month. The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. By providing feedback on how we can improve, you can earn gift cards and get early access to new features.

What is the best free accounting software for small businesses?

• Additionally, you need thorough documentation to secure a small-business loan or appeal to eventual shareholders.
• In fact, these are just some of the numerous features offered within QuickBooks Pro.
• Reports are your reward for keeping up with your daily accounting and doing it correctly.
• Moreover, when it comes to QuickBooks Pro Plus, this option will include all of the functionality of Pro, as well as unlimited customer support, automated data back-up and recovery, and easy software upgrades.
• Therefore, to help you through this process, we’ll explain what you should look for when searching for small business accounting software, as well as discuss eight of the best business accounting solutions on the market.

Let’s explore the various versions of QuickBooks Desktop including both Pro and Premier and discuss what these small business accounting software products have to offer. As you explore the different small business accounting software solutions on the market, the right one for you will be the one that can best meet your requirements as you’ve outlined them. It is one of the most comprehensive accounting software you will find in the market.

Launched in 2019 as a banking/accounting software hybrid, the fintech now has a chance to compete head-on with bookkeeping software developers. With Bench, however, you also receive a dedicated bookkeeping team to handle your business’s monthly books. You’ll use the Bench software to communicate with and collaborate with your team, who will categorize your transactions, deliver financial statements, and track the whole of your business finances. The Payroll add-on, on the other hand, will allow you to pay employees and contractors, as well as manage your payroll taxes, connecting directly to your Wave account. Depending on where your business is located, Wave Payroll will cost $20 per month, plus $4 per employee per month, or $35 per month, with the same per-employee fee.