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Accounting is key for small business owners, however, it can be overwhelming and stressful. The easiest way to manage business finances is to utilize the tools available in the market. There is accounting software available that helps you manage cash flow, generates invoices, have an audit-ready business, and make preparations for tax time. These tools make handling your small business customers and expenses more efficient.

Following are the eight top-rated small business accounting tools which are used to manage your finances and bookkeeping functions in the business.

  1. QuickBooks Online

QuickBooks is a bookkeeping and small business accounting tool used to handle accounting operations. QuickBooks is developed and marketed by Intuit. QuickBooks is used to:

  • Generate invoices with the logo of your company and with all details required by your customers
  • Process payrolls according to HR policies
  • Manage all business transactions, including bills from suppliers and vendors
  • Manage your inventory
  • Track expenses

QuickBooks can be accessed from your laptop from anywhere you want. QuickBooks is used by small business owners to simplify accounting operations and manage finances in a short amount of time. It is affordable and easy to use software that can easily be learned and used by small business owners with no financial background.

  1. Freshbooks

Freshbooks is a well-known software used by small business owners, freelancers, and entrepreneurial agencies to handle accounting processes. It is a user-friendly tool and is preferable for a service provider.

Following are the features of Freshbooks:

  • Generating invoices
  • Managing expenses
  • Accepting payments from customers
  • Generating automatic reminders for payments
  • Managing clients of each project with pricing
  • Stellar customer services

  1. Xero

Xero is a wonderful software with a wide range of small business accounting tools. It is a good choice for online product sales.  Xero is used for:

  • Bookkeeping
  • Paperless management of expenses
  • Payment in 160 or more currencies with the ability to convert and update exchange rates automatically
  • Generating invoices and quotations
  • Tracking and managing inventory
  • Generating purchase orders
  • Automatic reconciliation of accounts
  • A dashboard with bank balances, expenses, and invoices
  • Customized reports required by the small business
  • Tracking cash flow in real time
  • Graphical presentation of data
  • Data can be shared and accessible to accountant and others
  • Generating customized reports and reminders to customers
  • Scheduling of Payments and returns

  1. Zoho Books

Zoho Books is a good choice for both a product seller and service provider because of having CRM and time-tracking features. Bookkeeping is also available in Zoho Books.

  1. Xporter Data Export Tool

Xporter isn’t specifically an accounting tool. It is used to export stored data to an Excel file. Any kind of required reports can be generated and automatically emailed to desired contacts.

  1. SimplyCost

SimplyCost is simple and economical Shopify app used to create profit reports. It tells you the actual profit you are gaining from the sale of a product. It also keeps track of worth of inventory.

  1. Profiteer

Profiteer is an app to track the cost of goods sold and variants. It is able to export a CSV report of the total value of inventory and profits. Currency fluctuations are also catered by this app and an accurate report of profit is generated for a specific period.

  1. GoDaddy

GoDaddy is also simple and economical to use. Mobile access and time tracking are present. But, the payroll option is missing. It estimates quarterly taxes. Live support is also present in this small business accounting tool.

Connector apps are used to connect and integrate accounting software. By integration apps, data can be transferred automatically from one application to another and to other partners. This is a time saving and easy to use application and used to export all kinds of data related to tax matters, customers, and expenses on a single click.

These connector applications are for:

Conclusion

While purchasing accounting software, detailed homework of your business needs should be done. Invest wisely in the purchase of a small business accounting tool according to the nature and volume of your business.The more specific requirements for a business also require an efficient and effective accounting software to manage finances and bookkeeping in the business.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Hand holding Smartphone: Report - Flat Design
Bookkeeping can be a time-consuming chore for business proprietors, but a compulsory one in order to track, manage, and optimize your company’s growth over time. Sooner or later, you’ll need to capitalize on a small business accounting software and system to regulate your cash flow and formulate for tax time. From bookkeeping to invoicing to tracking expenses, there are a lot of different things to consider when choosing the right software for your requirements. It’s an important choice since it can completely simplify your small business finances.  Listed below are a few options that we recommend using when selecting your accounting software for your business.


1.  QuickBooks Online

Intuit QuickBooks Online is considered the customary program when it comes to small business accounting and bookkeeping software. It proposes many of the features and bookkeeping functionality that most types of companies need. QuickBooks makes it easy to select and pay for the features you need for your specific purposes.  They include:

o   Billing

o   Payroll

o   Handling bills from retailers and suppliers

o   Expenditure tracking

o   Inventory tracking

2.  FreshBooks

FreshBooks is a popular billing solution with built-in outlay management and time-tracking features, as well as the facility to accept payments from clients. Logically, this makes it great for freelancers, agencies, and other service-based productions with the ability to automate late payment reminders to customers, manage your different clients and developments with pricing that’s based on the number of active customers you have at a time. FreshBooks is recognized for being user-friendly and providing stellar customer support when you need it and is an easy choice if you sell services rather than products.

3.  Xero

Xero offers an extensive breadth of accounting tools that comprise everything from bookkeeping to paperless expenditure management and the capability to get paid in over 160 currencies with programmed conversions and exchange rates updated hourly. Xero lets you send proof of purchase and quotes, as well as mechanically reconcile your accounts, as you’d expect from a decent accounting program. But the attainability of inventory tracking and the ability to make procurement orders to your dealer on affordable plans makes it a good option if you are selling products online or offline. 

4.  Zoho Books

Zoho Books is part of the Zoho collection of corporate software that also includes a CRM, help desk and, in this case, accounting applications. If you are currently using or plan to use other Zoho tools, particularly their CRM, it might make sense to use their business finance software, too.  You get most of the features you’d come to expect from a bookkeeping software, plus time-tracking and other features that are perfect for selling amenities and not just products.

Accounting Apps For Your Shopify Store

If you are a Shopify dealer, you might be manually copying over sales and customer data from your store to bookkeeping software or a spreadsheet. But, there are apps that can systematize the flow of data, give you access to essential inventory, financial and purchaser data, and also can free up time that you can then devote to growing your industry.

1.  Connector Apps

Getting your numerous software solutions to “speak” to one another can save you a lot of time and help you systematize the transfer of data. That’s where “connectors” or integration apps come in. Connector apps let you faultlessly export product, payment, tax, and customer data with a single click.

2.  SimplyCost

SimplyCost is a simple and reasonably priced Shopify app that lets you produce profit-based reports founded on the cost of properties sold. 

3.  Profiteer

Profiteer is another Shopify app that can help trail COGS of your products and variants. It doesn’t assimilate with accounting software directly. It can transfer a CSV report that shows the total cost of your inventory or even profits within a certain time frame.

Conclusion

Factors ranging from the size of your business, your industry, your employees, whether you sell products or services or both, among others, are important to consider when choosing an accounting system that works for your business and your budget.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

 

 

 

 

 

 

 

Cloud service icon with options and devices
Small business owners who have recently stepped into the marketplace, which is raging with cut-throat competition, are actively seeking ways to improve their accounting methods to achieve a stronger footing. Technology has made the lives of many giants, like Walmart and JC Penny, effortless and convenient. Not only have they improved their vendor and distributor relationships using ERPs such as SAP and Oracle, but they have also attained greater accessibility to their business operations world-wide. This kind of accessibility is useful in order to provide consistent service to customers throughout the world. For small businesses, it is therefore essential to get in line with these giants in order to remain competitive. Cloud-based accounting tools, such as QuickBooks, can bring a few of the benefits that these big organizations enjoy.

1. Centralized Database

One of the most important outcomes of using cloud-based accounting tools is the centralization of data across the organization. This enables small business owners to keep track of operations at all times. Real-time updates are available on the go. Not only does this centralization help with being up to date, but data or any significant information may be procured easily from anywhere around the world through a smartphone application. This reduces the effort of having to be present in the office for all important updates around the clock. You have your workflows and statistics accessible for monitoring, even while on a family vacation in Hawaii!

2. Improved Relationships with Vendors and Distributors

Cloud-based accounting tools leverage the opportunity to improve relationships with vendors and distributors. Failing to settle vendor obligations can lead to a delay of services from the supplier’s end. This may eventually result in lower customer satisfaction if orders are not processed well in time. Hence, keeping both entities happy and satisfied is of critical importance, especially for small business owners as they have fewer alternatives available. Moreover, switching costs may be higher for small business owners if any of their suppliers decide to discontinue service. Unhappy customers may as well be problematic, provided the existing competition in the market and the dire need to survive.

Cloud-based accounting tools enable the settling of invoices as well as making payments through the online portal accessible to both entities involved in the transaction. Moreover, with this real-time collaboration between stakeholders, communication is quick, two-way, and more efficient. Late payments can no longer be backed by irrelevant excuses – ‘I failed to keep track of your payment deadline owing to my busy work schedule’.

 3. Paperless and Eco-Friendly Environment

With the help of cloud-based accounting tools such as QuickBooks, bookkeeping has become paperless. For small business owners, the need to maintain accounting records in paper form seems like a hectic job. Traditional bookkeeping became obsolete centuries ago. Keeping paperwork alive means adding to the workload. With a little extra cost, the workflow can be automated using cloud-based accounting tools that are both eco-friendly and time-saving.

Moreover, this automation leads to reduced manual errors and risk of losing data. Losing a vendor’s invoice can turn out to be quite detrimental to any business – small or big. Cloud-based accounting tools ensure a secure digital space for all of your useful business data.  Cutting down on the use of paper means lesser deforestation and a greener, cleaner air to breathe. Who’d have thought automation through cloud-based accounting tools could lead to higher levels of oxygen in the environment.

Conclusion

Cloud-based accounting tools can bring about these aforementioned advantages to small businesses and help with streamlining various accounting activities in an efficient and cost-saving manner. This type of efficiency allows small businesses to grow and secure a standing in the market alongside big organizations.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

 

 

workspace with graph, computer, graph, calculator and stationery over blue desk
When you start a business, your to-do list may appear to be never-ending. Not only do you want to shape a solid team, find a location, generate your merchandise, and start advertising to your target spectators, but you’ll also need to make less visible choices that will be vital to the long-term well being of your processes. No matter how big or small your company is, you can absolutely shave some time and energy off of your financial management tasks by integrating a few cool accounting tools. Whether you can’t stand handling payroll and incoming employee expenses or you want help dealing with the basic finances of your business, these accounting tools can certainly help. For instance, most entrepreneurs don’t start their companies so they can also moonshine as their own accountants. Though, money management is perilous to the survival of your business. If your current bookkeeping system is solely comprised of a shoe box full of receipts and invoices, making the move to a software-based accounting tool will help your business in a number of instantaneous ways.

Know Where You Stand Financially

Poorly managed cash flow can shatter a business and, as your company grows, you can’t rely exclusively on your brain to keep track of your finances. Neither to give you an accurate snapshot of your business’ health. Most accounting software choices can easily give you this snapshot grounded in the data you enter. So you’ll be able to better understand what money is coming in versus what’s going out – and just as prominently – how fast and when that money is moving.

Fewer Time Crunches

You wear many caps as a small business proprietor and your time is valuable. Bookkeeping software, specifically when it runs in the cloud and can be accessed on any internet-connect device, helps to rationalize financial tasks and computerize many processes. 

For instance, you can produce and send invoices automatically and don’t have to waste time creating an individual invoice in Word. Whenever you need to bill a client, you can, in its place, pledge time to more productive, growth-oriented tasks such as marketing or employee retention.

No More Guesswork

You don’t have to be a bookkeeper to take care of many elementary accounting tasks in your business. With the right tools, managing your records and filing your taxes can be made much easier. Many accounting software options will actually walk corporate owners through these tasks step-by-step to help streamline them. This can be particularly helpful when tax season rolls around as taxes have been long-regarded as one of the primary causes for alarm by business owners.

Shared Workload

When you don’t have an official accounting system in place, it can be very stimulating to delegate accounting-related tasks to your crew. Accounting software packages often have multi-user options so you can allow other team members to log in. They can also take care of daily bookkeeping tasks and, subsequently, free up your time to work on your business.

 It’s About Handling Your Company like a Business

While handling your business’ accounting procedures on your own may work in the very early days of your business, eventually, you’ll need to obligate a more formal accounting system. If you want your business to grow, then you must look seriously into this matter.

Once you’ve analyzed your needs and have decided on an accounting software option to help you manage your business’ finances, you’ll probably wonder how you ever managed without it. The good news is that a variety of accounting tools can be customized, accessed, and used. Businesses on the go will be happy to know they can grab accounting software tools directly from the Web, purchase only what is needed, or synchronize data with their independent accounting staff.

Conclusion

As a small business owner, every day is a precious opportunity for you to develop and grow your business. Use these bookkeeping tools intelligently to take advantage of your time.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

Young man sitting in office and working on desktop pc. Businessman looking at computer monitor while working in office.
As you reach closer to the end of the year, organizing finances is the first priority for every business. A bookkeeping solution that is simple, secure and scalable is exactly what you need at this point. QuickBooks accounting is a tool which provides a rich archive for account tracking, invoicing as well as vendor and employee management. While it is a simple tool that solves most of your accounting needs, it can be difficult to be pro at it right from the start. Therefore, with a few simple tips and steps, you will be on the way to managing your numbers with ease.

Find an Accountant

Migrating all of your finances to QuickBooks requires the services of a professional accountant/bookkeeper so that you can discuss the details with someone who has experience in managing such tasks. Every business has unique need. A professional accountant is best suited to understand them and match your business specifics with the QuickBooks accounting tools. You must oblige by certain state rules and regulations as well as set right conventions for tracking business expenses. This is all best handled by someone who is familiar with the process.

Review QuickBooks’ Basics

Getting acquainted with the tools should be your next step, even if you consider yourself to be an avid learner. The Getting Started tab in the software allows you to know how it works and the way it thinks about managing your expenses. QuickBooks recognizes revenue as ‘Money in’ and expenses as ‘Money out’. Therefore, you must get acquainted with these terms for efficient use. The flow of the revenue and expenses is classified as ‘Getting around’.  Knowing these QuickBooks accounting basics will ensure that you are ready to use it to the best of its abilities.

Secure Everything

Security is one of the most important factors when it comes to managing your finances. Before you use QuickBooks for anything else, your first priority should be to set a unique and complex password by navigating to the ‘your account’ tab in the software. The passwords should be regularly updated because the tool will be directly linked to your bank account. Apart from setting up passwords, you can use advanced hardware on your computers that are resistant to hacking and viruses. Keeping backup data is also important so that any unwanted situation related to data loss can be avoided.

Enter Business Essentials

QuickBooks lets you manage all business essentials on the go but, for that, you must first enter everything manually. Enter your financial information and other details in the ‘company’ tab under the ‘preferences’ link. Most critical details will vary on your type of business and preferences. However, some of the basic elements of every business are related to reporting forms, tax ids and reporting calendars. Once you have entered all details, ensure that they are updated and error-free. Any mistake can be fatal because everything is interconnected.

Enter Client Info

The ‘customer’ tab in QuickBooks accounting is one of the most important for you because customers are the ones who will eventually bring profit to your company. While mentioning all relevant customer information is vital, it is critical to determine the payment method adopted by the customer. You will have to ask them if they will pay with cash, credit card or a check. Setting the right option at the start will help you sort out many issues related to payments later on. Send them a test invoice to ensure that everything is working smoothly.

Track the Money Flow

The banking tab on your QuickBooks accounting tool is used to determine how and where your money is spent and what is actually coming into the business. ‘Write checks’, ‘cash expense’, ‘deposits’, and other similar tabs must be used to record your expenses and sales. ‘Activity’ reports will show who is responsible for specific transactions which is important as you need to keep a check on everything.

After everything is set up, you are ready to generate a profit and loss report which gives you a clear picture of where your business stands. All of this is done with just a few simple clicks and a QuickBooks accounting tool.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

 

 

 

 

 

 

 

 

Close-up Photo Of Businesswoman Hand Giving Cheque
Many bookkeeping software solutions are more alike than they are different, in terms of features. Standard components include overall ledger management, invoicing, and payment processing. Every association has different requirements and needs. They can be customized for their size, kind of employees and clients, and the particular industry they are in. For these reasons, no system can proffer perfect functionality out-of-the-box. If you need a lifeline when it comes to processing payroll—and avoiding the feared late payroll tax—not to worry. Plenty of small business owners struggle with those exact same problems: you’re not the only one. Check out these top-notch payroll-focused accounting tools listed below.

1. WagePoint

WagePoint is a simple online payroll application designed for small businesses in North America. Managing payroll is important for small and mid-sized companies and WagePoint gets the work done quickly and easily. WagePoint can manage government remittances/reporting, direct deposits, and all year-end reporting for both hourly and salaried workers. WagePoint is an instinctive, easy to use, web-based payroll software. It is perfect for small businesses seeking to pay their employees or contractors while remaining compliant with IRS regulations. It is an ideal app for companies in a wide range of industries.

WagePoint is used by thousands of small businesses and it offers an easy-to-use interface that allows establishments to set up the app in a few hours. The salesperson offers a service called “Switch It” – for businesses with more than ten employees, to help them switch over their existing payroll system to WagePoint.

2. Gusto

Gusto (previously named ZenPayroll) is a completely featured payroll, welfare administration, and compliance management platform. It has been designed to assist mainly small businesses. Gusto provides tools to manage core HR needs such as time tracking, hiring, onboarding, and training, among others. With devoted online accounts, employees can fill out their personal details into the system and track all paperwork in one chief place. Companies can mechanize their payroll operations by scheduling payment and benefits release. Payments can be made via direct bank deposit or through check. The solution automatically delivers electronic pay slips to an employee’s inbox upon completing the transaction.

Employees even have the choice to make charitable donations to their association of choice, directly from their paychecks. The solution mechanically calculates, pays, and files a company’s local, state, and federal payroll taxes. Some of the supplementary features include custom reporting, multiple pay rates, multiple pay schedules, and third-party calendar integrations.

3. SurePayroll

SurePayroll is a complete online payroll solution for every business. On top of that, SurePayroll has also created an administration platform in its payroll software called One-Click Payroll. It simplifies all of the procedures related to payroll in just a few seconds without bargaining accuracy and reliability.

The bookkeeping software comes with an interactive, customizable dashboard. Another highlight of the system is that it supports multiple payroll types and calculates and delivers payroll taxes. Many businesses choose SurePayroll to handle their payroll processes because of its extensive set of payroll-processing tools and unparalleled recordkeeping. SurePayroll is built to streamline the payroll process with its awesome tools and excellent third-party integrations. It is a solid option for any business that is looking to get software that will make payroll faster yet very accurate and reliable.

With SurePayroll accounting software, workers can easily check their payroll information, including paychecks, vacation leaves, pay stubs, and more. They can also do all of these via their smartphones, tablets, and other mobile devices. The system also takes care of taxes by automating the processes while maintaining compliancy with the company’s payroll services. Customer support is also credible. The software fields knowledgeable and responsive support staff as well as an easy to access support center.

Conclusion

Aside from key features, when choosing the best bookkeeping payroll software for your business, consider these other accounting aspects: ease of use, compatibility and integration, and security. More importantly, you should prefer a cloud-based software model.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Cloud synchronizing between devices concept with a virtual screen showing mobile phone, tablet and laptop computer syncing data and with a business person

Cloud accounting is the same as traditional accounting and bookkeeping procedures, but done on an accounting software. The cloud accounting tool is hosted on remote servers, similar to the SaaS (Software as a Service) business model. Data is sent to the server into a ‘cloud’, where it is processed and sent back to the user. All application functions are done off-site, into the cloud, not on the desktop. The accounting functions are done online and not on the desktop software. The internet or other network is used for the process. Users access the cloud accounting tool through a cloud application service provider. The software has not been installed on a computer. It can be accessed from any place in the world, provided the cloud application service provider is present.

1.  Smart Management and Organization from Anywhere

Cloud accounting tools have multi-user access. A user has access to accounting and bookkeeping data anywhere and anytime in the world. You can spend time on other activities related to business operations or spend your quality time with family. You can go online to access cloud accounting software while sitting at home and keep yourself updated with the accounting and bookkeeping functions in your business. You have an up-to-date view of the financial status of your business to make the right decisions at the right time. All team members can access required information whenever and wherever needed. A better relationship is built with the accountant. You can access accounting data online and then give quality time to your accountant for discussion related to business bookkeeping.

2. Relationships with Vendors Improved

For small business owners, vendors are important. They play a vital role in the success of small business. Small business owners want to have a pleasant relationship with vendors and suppliers. Relationship with the supplier is often disturbed by late payments. A Cloud-accounting tool prevents this situation. A business owner can easily search the status of the bill and can advise for quick payments.

3. Eco-Friendly System

Go paperless in accounting and bookkeeping. This step is eco-friendly too. Paperwork takes a lot of time for accountants and business owners. Small business owners need time to interpret accounting information. Accounting software makes it easy to interpret accounting information. Cloud accounting tools reduce upfront business costs. You do not face regular maintenance and upgrading the system.

 

A Few Cloud Accounting Tools and their Benefits

Here are five cloud-based accounting tools with reasonable prices for small business owners.

FreshBooks

You can access FreshBooks from a desktop computer and mobile phones. You can easily track expenses, make online payments, generate customized invoices, generate reminders of late payments, see purchase history with time-tracking, client records, and management of different projects with different rates.

QuickBooks Online

 QuickBooks is used to: 

  • Generate invoices with the logo of your company and with all details required by the customers
  • Process payrolls according to HR policies
  • Manage all business transactions, including bills from suppliers and vendors
  • Manage Inventory
  • Track expenses

Kashoo

  • Create professional invoices
  • Categorize income and costs
  • Connect with online credit cards and bank accounts
  • Online Sharing of data with accountant

Outright

Outright is an online cloud accounting tool for small business owners and is used for tracking expenses, profit, sales, and customers. Bank accounts and other sites like PayPal, eBay, FreshBooks and web stores can be connected to Outright and data can be easily exported from one app to another.

Xero

  • Dashboard with bank balances, expenses, and invoices
  • Tracks cash flow in real time
  • Data can be shared and is accessible to accountant and others
  • Scheduling of payments and returns

Apple, Blackberry, and Android applications are available. Many add-ons like CRM, invoicing, inventory management packages are also available on demand.

Conclusion:

Cloud Accounting tools make bookkeeping and accounting operations easy and less time-consuming. A Cloud Accounting tool provides small business owners a great feasibility in accounting and bookkeeping at reasonable costs.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Businessman sitting and using laptop while his colleague standing and helping him
In today’s modern world, an accountant needs more than simply a brick and mortar office. Accountants now need to constantly expand their knowledge while keeping up with the latest, most modern industry insight. They should also be able to share this knowledge with those looking for financial advice. The same stands true for start-ups as well. In order to help your business expand financially, you should constantly keep up with the best accounting practices.

The following seven websites for small business owners offer the best accounting advice for those new to the market.

  1. Accounting Coach

This website was initiated in 2003 in order to allow students, small businesses, and bookkeepers to learn new accounting skills and also increase their present knowledge. The goal of this website is to make educational material available without the expense of books, tuition and all the other costs of formal education. The single requirement is a working internet connection. The Accounting Coach, furthermore, offers a professional version of the program which features interactive tests along with visual tutorials.

  1. Sleeter

The Sleeter Group was created in 1994 in Pleasanton, California. The goal of Sleeter is offering various educational resources to accountants along with small business owners. Sleeter has also assembled a group of more than seven hundred accounting professionals who will serve as consultants for the members of the group and will also offer implementation services. Sleeter organizes annual conferences along with trade shows where the most modern accounting services and software programs are highlighted. Those who are members of the Sleeter group have access to webinars, reference guides along with twenty-five QuickBooks assessments. The members will also have access to the annual conference.  

  1. Skoda Minotti Blog

Founded in 1980, Skoda Minotti has the vision to offer a comprehensive accounting service which helps their users grow and prosper. They recently expanded the services they were offering in order to provide to their client’s litigation services, business valuation, strategic marketing services along with financial services. The blog has a gamut of information on each of these topics. There were significant changes made to the accounting industry by permitting non-CPA ownership along with investments in the CPA Firms.

  1. The Blunt Bean Counter

The author of this blog that offers income tax advice is Mark Goodfield. This blog is not just for small businesses or start-ups. Any individual can benefit from the blog. Nevertheless, most of the lectures available on the blog are relevant to those who own private companies with a high net worth. Goodfield has experience of more than 25 years in accounting and finance and is a chartered accountant by profession.

  1. The Economist

The arena of accounting is a dynamic facet in the world of business but it is only one aspect of the huge field of economics. The Economist accounting blog took this brilliant idea and made numerous entries covering the world of politics, finance, business and also culture to help facilitate it’s users.   

  1. Evergreen Small Business

Evergreen Small Business is a blog site which offers advice for those who own small businesses. There is a section of the blog which has been dedicated to answering questions regarding management, financial planning and tax accounting for small business owners.  Examples of their expertise can be discovered in the recent posts which include “Using the Delphi Method for Small Business Problem Solving and Index Funds and Asset Allocation Even Better for the Wealthy?” Founded by Steve Nelson, who has thirty years of experience and specializes in the field of accounting, the blog is dedicated towards helping small business owners flourish. 

  1. Dear Drebit

Accounting professionals now have an active forum which they can use to discuss and get answers to a number of different accounting and financial issues. Dear Drebit allows all of it’s site visitors to submit numerous questions concerning accounting as it applies to a business evaluation, healthcare improvement, and other financial topics as well. Dear Drebit was produced by Rea and Associates, an Ohio certified communal accounting firm. They have been in existence since 1938 and currently have more than eleven offices across the state of Ohio.


Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

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Accounting and managing finances is probably the last thing a small business owner wants to think about.  If not done correctly, it can be time consuming and daunting.  The good news is that there are accounting tools on the market that now allow small business owners to manage their finances with ease and concentrate on different aspects of their business. Accounting software helps you manage cash flow, generates invoices, have an audit-ready business, and make preparation for tax time. These tools make handling your small business customers and expenses a breeze. Following are the top-rated accounting tools for small business which have proven helpful in managing your finances and bookkeeping functions in small businesses.

1. PDFConverter

PDFConverter will convert Microsoft Office, Open Office, Lotus and other documents to a PDF. The interface is intuitive and it only takes a few steps to convert a file. Not only can you turn your documents into a PDF, PDFConverter Elite can turn PDF documents into editable MS Office or Open Office file formats.  It is a reliable, inexpensive, and hassle-free way to manage the documents in your business.  Click here to see a detailed course specifically for accountants on how to manage your PDF Files.  


2. QuickBooks Online

QuickBooks is the bookkeeping and small business accounting tool used to handle accounting operations. QuickBooks is developed and marketed by Intuit. QuickBooks is used to:

  • Generate invoices with the logo of your company and with all details required by customers
  • Processing payrolls according to HR policies
  • Managing all business transactions, including bills from suppliers and vendors
  • Inventory management
  • Tracking expenses

QuickBooks can be accessed anytime, anywhere. QuickBooks is widely used by small business owners to simplify accounting operations and manage bookkeeping quickly. It is an affordable and easy to use software that can be easily learned and used by small business owners with no financial background. 


3. Freshbooks

Freshbooks is a well-known software used by small business owners, freelancers, and entrepreneurial agencies to handle accounting and bookkeeping processes. It is a user-friendly tool and is preferable for a service provider.

Following are the features of Freshbooks:

  • Generating invoices
  • Managing expenses
  • Accepting payments from customers
  • Generating automatic reminders for payments
  • Managing clients of each project with pricing
  • Stellar customer services


4. Xero

Xero is a great software with a wide range of features for small businesses. It is a good choice for online product sales. Xero has the following features:

  • Bookkeeping
  • Paperless management of expenses
  • Payment in 160 or more currencies with ability to convert and update exchange rates automatically
  • Generating invoices and quotations
  • Tracking and managing inventory
  • Generating purchase orders
  • Automatic reconciliation of accounts
  • A dashboard with bank balances, expenses, and invoices
  • Customized reports required by the small business
  • Tracking cash flow in real time
  • Graphical presentation of data
  • Data can be shared and accessible to accountant and others
  • Generating customized reports and reminders to customers
  • Scheduling of payments and returns

5. Zoho Books

Zoho Books is a good choice for both product sellers and service providers because of having CRM and time-tracking features. Bookkeeping is also available in Zoho Books.  They offer a free 14-day trial. Zoho offers a Client Portal where you can share recent transactions, expedite estimate approvals, accept bulk payments, and capture customer feedback.


6. Xporter Data Export Tool

Xporter isn’t specifically an accounting tool. It is used to export stored data to Excel file. Any kind of required reports can be generated and automatically emailed to desired contacts.  With Xporter, a user can export customers, orders, transactions, refunds, checkouts, countries, articles, blogs, draft orders, products and more from your shop.  They offer a 7-day free trial.


7. SimplyCost

SimplyCost is a simple and economical Shopify app used to create profit reports. It tells you the actual profit you are gaining from the sale of a product. It also keeps track of worth of inventory. SimplyCost saves you time by calculating profit of your sales. It takes into consideration discounts, refunds, shipping and taxes. You can add other cost in addition to your product cost to track your profit accurately. SimplyCost is $4.99/month with a 14-day free trial.  


8. Profiteer

Profiteer is another Shopify app. This is an app to track the cost of goods sold and variants. It is able to export a CSV report of the total value of inventory and profits as it does not integrate with accounting software directly. Currency fluctuations are also catered by this app and an accurate report of profit is generated for a specific period.  The price can range from $15-$30/month.


9. GoDaddy

GoDaddy makes bookkeeping simple. Everything is organized and in one place, without hours of data entry or tracking down receipts. Mobile access and time tracking are present. But, the payroll option is missing. It estimates quarterly taxes. Live support is also present in this small business accounting tool for it’s users.  There are several plan options available starting at $3.99/month and up.


10. Kashoo

Kashoo is an easy to use and manage software. Mobile access and time tracking are present. The payroll option is present in this small business accounting tool for small business owners.  This software company offers new users a free 14-day trial. With Kashoo, a user can send invoices, get paid in minutes, track expenses, and see their cash flow.  It is $29.95/month
for their Monthly Plan or $16.65/month for their Annual Plan.


11. OneUp

OneUp offers seamless invoicing, stress-free accounting, up-to-date inventory tracking, and simplified CRM reports. This software syncs with your bank, retrieves your transactions, and automates 95% of your accounting. Mobile access and inventory tracking are present. Live support is also available in this small business accounting tool.


12. AccountEdge

AccountEdge is for both online and desktop use. Mobile access, time tracking, and payroll options are present. It does not estimate quarterly taxes. Live support is available for it’s users. Command centers help you run and report on all aspects of your business: sales and invoicing, purchases, payroll, inventory, time billing, and more.  AccountEdge offers a 30-day free trial for new users.


13. Sage 50c Premium Accounting

Sage 50c is a well-rounded small business accounting tool. Mobile access, time tracking, and payroll options are present. It does not estimate quarterly taxes. Live support is available.  Office365 is now integrated with this software, providing access to essential apps and accurate financials any time and anywhere.  This software advertises itself as reliable, accessible, and flexible.  There are several plan options available.  

Connector Apps

Connector apps are used to connect and integrate accounting software. By integration apps, data can be transferred automatically from one application to another and to other partners. This is a time saving and easy to use application used to export all kinds of data related to tax matters, customers, and expenses on a single click.

These connector applications are for:

Conclusion

When getting ready to purchase accounting software, do your homework. Invest wisely in the purchase of a small business accounting tool according to the nature and volume of your business. The more specific requirements for a business also require an efficient and effective accounting software to manage finances and bookkeeping.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.