No matter the business’s size, accounting and bookkeeping are considered the most important aspects of business operations after-sales and revenue generation. Larger corporations have entire departments dedicated to accounting and bookkeeping tasks. However, small businesses cannot afford to hire accountants or bookkeepers and become reliant on accounting and bookkeeping software. There are many excellent choices for accounting and bookkeeping software for small businesses. It is a matter of you researching them to assess which one will work best for you and your business. It isn’t easy to know what kind of software to get when it comes to business operations, especially bookkeeping and accounting. Here are five of the best accounting and bookkeeping software packages and some features and descriptions to help you decide what you need before purchasing.
GnuCash:
GnuCash is considered an extremely simple and user-friendly bookkeeping software. Here are three of the best features of GnuCash:
- Handles multiple currencies
- Flexible software and user friendly
- Attractive payroll features
GnuCash is an alternative accounting software to Intuit’s Quicken, specifically to provide efficient accounting services to individuals and corporations. It is also open-source software and can be operated over different operating systems, including Linux, OpenBSD, macOS, Windows, and GNU. The GnuCash is mainly used to provide credit notes, invoices, accounts payable and receivable, payroll, and employee expenses.
TurboCASH:
TurboCASH is the perfect accounting tool to manage financial activities specifically for small and medium businesses. Also, this application helps to provide the following best features:
- Handle accounting application of multiple corporations at a time
- A huge online community
- Easy to understand features
TurboCASH is an open-source accounting application mainly used to provide financial management services to debtors, purchase orders, creditors, VAT, and financial businesses. These accounting and financial services are also provided to several users and home business organizations; therefore, it has a large online community that provides support.
NCH Express Invoice:
The NCH express invoice software is used to generate quotes, invoices, orders, and forms in just seconds. It is used mainly to provide the following best features:
- Generate different sets of reports
- Provide support to a wide range of platforms
- Generates invoices quickly
Wave:
Wave is an accounting application integrated to run home business bookkeeping and is mainly used to provide cloud-based services specifically to cater to accounting activities. This accounting application is used to manage the finances of small and medium businesses. Also, it is best known for having a user-friendly design and is used by several users due to the following best features:
- High –quality service
- User-friendly interface
- Delivers basic functionality for the small and medium-sized businesses
Wave is declared the most efficient accounting software that is free to deliver top-quality services, including accounting, receipts, and invoicing. But if a person needs some technical support, that individual needs to pay some amount to avail of the services.
Money Manager Ex:
It is designed to manage accounts and finances of household and small businesses efficiently and effectively. Use of Money Manager Ex will provide the following best features to the user:
- Accounting Features
- User-friendly interface
- Can be used via USB port
Money Manager Ex is an open-source tool designed particularly to deliver the best accounting services. It is because several great features are integrated to help the user by providing potential accounting features. It is an application with a user-friendly interface, making it easier for the user to understand the application. Furthermore, transactions are conducted and managed within a short period. It is a portable accounting application used specifically to save users’ time using a USB stick without even undergoing the installation phase. To help users manage accounts better, an android application is also provided to run financial activities.
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