Which Automated Accounting Software Is Good for Small Businesses?

A $12 billion dollar industry, accounting software can have a huge impact on your business. Automated accounting software will not only make tasks less stressful but can increase team productivity.

A crucial element of your business, accurate bookkeeping ensures you are reaching your goals. With the challenges that come with accounting, it is wise to invest in a comprehensive system that is easy to use.

Read on to learn more about the best automated accounting software products on the market.

Intuit Quickbooks

Quickbooks is one of the most iconic accounting software products for a reason. It is easy to use and offers many attractive features.

Some of the core features of QuickBooks include automated income and expense tracking and an easy-to-use payroll system.

The product is based in the cloud, which makes it very accessible. No matter what type of device you use, you can access Quickbooks and its benefits.

Quickbooks’ Simple Start plan is satisfactory for small service-based businesses. For small businesses that sell tangible products, the Essentials plan may be a better fit as it is more customizable.

Xero

Xero is a New Zealand-based accounting software product. Currently, it has more than 2.5 million subscribers.

Xero allows customers to send invoices and quotes, pay bills, and organize bank transactions. Additional benefits include the ability to claim expenses, track projects, and accept payments.

FreshBooks

Established in Canada, FreshBooks is another popular accounting software option. The company has more than 25 million subscribers.

FreshBooks offers a 30-day free trial. After the trial is complete, you can select one of four plans. FreshBooks often offers discounts to incentivize you to keep your subscription.

Key features of FreshBooks include customizable invoices, payment reminders, and automatic late fees. Additional benefits include multi-language invoices, multi-currency billing, and recurring invoices.

Automated Accounting Software Is Only the First Step

Finding the right automated accounting software for your company is critical for effective operations. Such software can transform how you financially run your business.

Automated accounting software is only the first step, however. If you have an eCommerce business, it is essential to integrate your front door and back door activities. With software like Modisoft’s Back Office product, you can do just that.

To learn more about how a Back Office eCommerce integration product can take your business to the next level, please read more of our blog today.

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