Explore cloud and desktop-based accounting software with subscription and perpetual licensing options like AccountingSuite, Xero, TallyPrime, and Striven. We tested the top web-based accounting software for small businesses and mid-sized companies, i.e. Many companies will try to make do with a lower-cost solution at the expense of functionality. Options such as Sage 50c, Zoho Books, and Quickbooks Online are great low-priced options for new businesses, but they’ll lack ways to customize the software towards your business. Striven delivers a full accounting module, handling AP/AR, general ledger, revenue tracking, billing, and invoicing.

Enterprise resource planning (ERP) software includes all the features of accounting software, plus additional features such as CRM, inventory management and project management. ERP software is typically used by larger businesses while accounting software is more suited for small businesses. It’s important to note that the cost of accounting software can vary greatly, so it’s important to compare different systems and plans to find the best fit for your business.

The other six are more expensive ($30 to $99 per month), feature-rich, and customizable. They target larger small businesses that might have a few employees. Each has multiple tiers of service to meet the needs of companies that vary in size and complexity. QuickBooks Online is expensive, so it’s most appropriate for small businesses with a technology budget.

Create invoices in Zoho Books from new WooCommerce orders

This helps you change and scale your accounting services as your business ebbs, flows, and grows. The bookkeeping features are in line with the category accounting profit definition standards, including recurring invoices and proposals. Unlike other options, you can add the company’s vehicles to the app and then pin mileage to each one, an interesting feature if you have a whole fleet at your disposal. I added some fictional cars to test, and you can either add the total distance of the trip or the start and end values of the odometer. In addition to design, LessAccounting has a lot of written help inside most of the pages on the app.

Intuit QuickBooks Solopreneur Review

Tabs along the top of the accounting page also gave me access to my banking activity. I was prompted to connect my bank account, and at that point, instructions said the system would automatically import my bank transactions into the OneUp accounting solution. When I clicked “invoice” from this drop-down, I was taken to an invoice template with my company information already populated. It was easy to click fields to add items and adjust invoiced amounts.

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1. Small businesses may be able to find a less expensive basic plan, while larger businesses may need to upgrade to a more expensive standard or premium plan.
2. Beyond writing, she tested entrepreneurial waters by launching a mobile massage service, a content marketing firm and an e-commerce venture.
3. FreshBooks is an intuitive, easy-to-use accounting software designed for small business owners who do not have an accounting background.
4. Odoo offers a free, open-source Community edition without any licensing fees.

All in all, once I got past the learning curve surrounding account navigation in Zoho Books, I found the software to be feature-rich and with plenty of convenient tools to make completing tasks intuitive. Bookkeeping and accounting are different but closely related jobs. Bookkeeping mainly focuses on recording and organizing the data from financial transactions. On the other hand, accounting goes more in-depth on that data, segmenting transactions on financial statements to adjust for timing and gain greater financial insight. Ready to see the difference between FreshBooks and the others for yourself?

Can your small business benefit from cloud accounting software?

Key features include tracking mileage, categorizing business expenses, excluding personal expenses, full integration into TurboTax, and estimated quarterly tax payment calculations. QuickBooks Solopreneur is perfect for independent contractors who use TurboTax to prepare their annual tax returns but need an expense tracking and invoice-sending solution throughout the year. This software is our top pick for micro-businesses and freelancers because it’s easy to use and provides straightforward financial reporting.