Hottest Apps for Small Business Bookkeeping

Discerning the Best App for Your Small Business Bookkeeping Needs Saves Time and Stops Hassles

For some minds, small business bookkeeping comes easy and is considered a joy. Most of us do not have this kind of mind. This leaves the rest of us entrepreneurs scrambling to find a cloud computing app that can handle the tedium and calculations necessary for accounting. There are dozens of widely available small business bookkeeping apps. Figuring out which one you want to use depends on the style of your business, your business needs, and how much you want to pay.

If you are ready to upgrade from using spreadsheets to a purpose-built cloud bookkeeping app this will improve your business immensely. Spreadsheets are a powerful tool but margins are high for human error. Manual data entry is time-consuming, formulas can be written incorrectly, and if one cell is modified the entire spreadsheet can be incorrect.

Powerful accounting software and bookkeeping apps are the modern upgrade with functions designed specifically to improve where spreadsheets fall flat. Bookkeeping software can integrate into a small business’s bank accounts for real-time transaction reconciliation. Financial statements are also easily accessible. A software’s dashboard is easy to navigate and financial key metrics are presented orderly. This makes filing taxes much easier. Also important is that bookkeeping software will scale with your small business. As you grow or re-organize, your software will match your needs.

So, which small business bookkeeping software is the best for you?

1. QuickBooks Online

QuickBooks is one of the premier accounting software choices available on the market. Prices range from $10 per month to $50 per month for the Plus plan. For most small businesses’ bookkeeping, it will cost around $15.

This price is well worth it when you see the capabilities this software has built into its functioning. QuickBooks handles accounting, billing, invoicing, time tracking, accounts payable, reporting, inventory, payroll, sales, and taxes. These functions are centralized to a single dashboard. Many users also appreciate it’s seamless navigation and colorful design. This makes complicated figures easier to digest. The software also pulls from your online bank accounts. This allows you to download detailed financial reports and track your small business’s spending. QuickBooks also links with company credit cards, your POS system, and online vendors.

2. Nutcache

Nutcache is a robust cloud-based accounting application that can perform every feature of typical small business bookkeeping demands. The software is free unless you opt for the Pro plan which costs $5 for each user per month on an annual basis. The Enterprise plan costs $12  for each user per month when paid annually. For a monthly basis, this package will be $15 per month.

The simplicity of Nutcahe’s interface is valuable. With Nutcache, you can create an unlimited amount of invoices with your company logo and send them en masse to various clients. Invoicing and tracking tools come standard. Other functions include expense reporting, task management, and key performance indicators. You can track time with your budget to see what projects are the most profitable.

3. Zoho Books

Also, an application that embraces simplicity is Zoho books. There are three pricing plans that small business owners can choose from. The first is the Basic plan which costs $9 per month. The Standard plan costs $19 per month while the Professional plan costs $29 per month.

Zoho books web app ecosystem helps small business owners manage bookkeeping at each stage. The software seamlessly integrates with other Zoho business applications like Zoho CRM and Zoho inventory. Other third-party payment systems like PayPal are easily integrated. On top of this, Zoho Books performs accounting functions like organized financial reporting, client portals, and real-time bank account monitoring. Zoho puts an accountant’s knowledge at your fingertips.

4. Sage One

When it comes to small business bookkeeping, simple is powerful. Sage One cloud accounting fully embraces this idea by providing dynamic tools with straightforward navigation. The Sage One start plan costs $6.99 per month when bought in six-month increments. Sage One accounting costs $19.99 per month for the same deal.

The features for the basic plan will most likely cover most small businesses’ needs. Features like sales invoicing, tracking overdue balances, bank account integration, financial reporting, tax calculations, cash flow statements, check printing, and 1099 contractors. Additional features of the accounting plan include cash flow forecasts, quotes & estimates, and vendor billing. Sage One is well-organized and runs small business bookkeeping on autopilot. No more redundancy with this app.

5. Xero

Xero has a natural flow to its user experience that can make account management almost enjoyable. The app imports financial transactions into its database and links them to coterminous accounting transactions. Xero has three different plans. The Starter plan costs $9 per month for limited invoices and reconciliation features. The standard plan costs $30 per month with unlimited invoicing and reconciliation. With the Premium plan, you receive enhanced features at $70 per month.

The design of Xero rivals Quickbooks by providing a concise picture of your company’s financial health. Integration is also seamless with Xero as you can connect with 500 plus third party apps. Conversion from other accounting software is also handled with Xero and bank reconciliation is automatic. Xero offers developer support to help you through any issues you might encounter. Definitely worth the value.

6. Wave

This accounting app is perfect for small business bookkeeping with nine employees or less. Wave’s core functions—invoicing, accounting, and receipt features are all completely free. Payroll is $15 per month and $4 per employee for the first 10 employees. After this, it is $2 per employee.

Wave is great for small business owners who run a small operation. The developer’s mindset is that small business owners can pay for what they use with no surprises. For fundamental bookkeeping tasks, Wave is great. But, the lack of check printing, automatic migration ability, and time tracking might make growing businesses look elsewhere. This being said, Wave is a free program. You can a lot of bang for spending no bucks.

We hope you found this article helpful and good luck with your small business bookkeeping efforts!


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