Top 10 Best Accounting Software for Small Business in 2021

Are you tired of managing your small business accounting manually? It's time to switch to the digital world! With tons of reliable accounting software available in the market, managing your finances has become simpler than ever.

In this article, we have compiled a list of the top 10 best accounting software for small businesses in 2021. From invoicing to payroll management and bookkeeping, these software programs have got you covered. These tools are designed to streamline your financial operations and provide you with insights that can help you make informed decisions.

If you want to stay ahead of the competition, it's crucial to choose the right accounting software for your small business. This list includes software programs that cater to various business needs and budgets. Whether you're a startup or an established business, we have got you covered.

So, what are you waiting for? Read on and choose the accounting software that best suits your business requirements. With the right tools at your disposal, you can focus on growing your business rather than worrying about accounting-related tasks.

The Importance of Accounting Software for Small Businesses

Managing finances in a small business is challenging, especially when done manually. Without the proper tools and technology, it can be time-consuming and prone to errors. This is why accounting software has become essential for small businesses. These software programs automate financial tasks, such as creating invoices, tracking expenses, and generating financial reports. By using accounting software, small business owners can save time, reduce errors, and focus on growing their business.

Top 10 Best Accounting Software for Small Businesses in 2021

Choosing the right accounting software can be overwhelming, given the vast options available in the market. To help you make an informed decision, we have compiled a list of the top 10 best accounting software for small businesses in 2021.

1. QuickBooks Online

QuickBooks Online is the best accounting software for small businesses. It's user-friendly, feature-rich, and affordable. With QuickBooks Online, you can create invoices, track expenses, process payroll, and generate financial reports. The software integrates with other business tools such as PayPal, Shopify, and Square. The pricing starts at $25/month, and there's a free trial available.

2. Xero

Xero is a cloud-based accounting software designed for small businesses. It's easy to use, offers robust features, and integrates with over 800 business applications. With Xero, you can manage your invoicing, bill payments, payroll, and inventory. The pricing starts at $11/month, and there's a free trial available.

3. Wave

Wave is a free accounting software that offers invoicing, expense tracking, receipt scanning, and financial reporting. It's ideal for small businesses with limited budget or those who want to test the waters before committing to a paid service. However, some features such as payroll processing and payment processing come with a fee.

4. Zoho Books

Zoho Books is a comprehensive accounting software that offers invoicing, expense tracking, inventory management, and financial reporting. It's suitable for small businesses in various industries, including retail, hospitality, and e-commerce. The pricing starts at $9/month, and there's a free trial available.

5. FreshBooks

FreshBooks is a cloud-based accounting software that focuses on invoicing and time tracking. It's intuitive, user-friendly, and suitable for freelancers and small businesses. The software also offers expense tracking, project management, and financial reporting. The pricing starts at $15/month, and there's a free trial available.

6. Intuit QuickBooks Pro

Intuit QuickBooks Pro is a desktop accounting software that offers robust features for managing finances. It's suitable for small businesses that require more advanced accounting tools, such as inventory management and time tracking. The pricing starts at $399.99 for a one-time purchase.

7. Zoho Invoice

Zoho Invoice is a free invoicing software that offers basic features such as creating invoices, expense tracking, and time tracking. It's ideal for small businesses that only require invoicing tools. However, some features such as payment processing come with a fee.

8. FreeAgent

FreeAgent is a cloud-based accounting software designed for freelancers and small businesses. It offers invoicing, expense tracking, financial reporting, and project management. The software also integrates with other business tools such as PayPal, Stripe, and GoCardless. The pricing starts at $12/month, and there's a free trial available.

9. GnuCash

GnuCash is a free accounting software that offers bookkeeping, invoicing, and financial reporting. It's ideal for small businesses with a limited budget or those who prefer open-source software. However, the software doesn't offer as many features as paid software.

10. NCH Express Accounts

NCH Express Accounts is a desktop accounting software that offers bookkeeping, invoicing, and financial reporting. It's suitable for small businesses that require a simple accounting solution. The pricing starts at $99.99 for a one-time purchase.

Conclusion

Choosing the right accounting software is essential for small businesses to streamline financial operations and make informed decisions. The top 10 best accounting software for small businesses in 2021 offer various features and pricing options to cater to different business needs and budgets. We recommend QuickBooks Online as the best accounting software for small businesses due to its user-friendly interface, robust features, and affordability. However, it's essential to conduct research and test different software before choosing one that suits your specific business requirements.

Thank you for taking the time to read our article on the Top 10 Best Accounting Software for Small Business in 2021. We hope that we were able to provide valuable insights and help you gain a better understanding of the options available.

Remember, accounting software is an essential tool for any small business owner who wants to keep track of their finances, save time, and increase productivity. It's crucial to choose the right software that meets your specific needs, budget, and skill level.

If you have any questions or comments on this topic, don't hesitate to reach out to us. We'd love to hear from you and help you find the best accounting software for your business needs. Thank you again for stopping by, and we wish you all the best in your entrepreneurial journey!

Here are some common questions that people ask about the Top 10 Best Accounting Software for Small Business in 2021:

1. What is accounting software?

2. Why do small businesses need accounting software?

3. What are the top features to look for in accounting software?

4. Which accounting software is best for small businesses?

5. What is the cost of accounting software?

6. How easy is it to learn and use accounting software?

7. Is cloud-based accounting software better?

8. Can accounting software integrate with other business tools?

9. What level of customer support is offered with accounting software?

10. Are there any free accounting software options for small businesses?

Here are the answers to these questions:

1. Accounting software is a type of computer program that helps businesses manage financial transactions, including invoicing, billing, payroll, and taxes.

2. Small businesses need accounting software to keep track of their finances, reduce errors, and save time on manual bookkeeping tasks.

3. The top features to look for in accounting software include invoicing, expense tracking, bank reconciliation, financial reporting, and tax preparation.

4. The best accounting software for small businesses depends on their specific needs and budget. Some popular options include QuickBooks, Xero, FreshBooks, Zoho Books, and Wave.

5. The cost of accounting software varies depending on the provider and the features included. Some software may be available for free, while others can cost hundreds of dollars per year.

6. Most accounting software is designed to be user-friendly and easy to learn, even for those with limited accounting knowledge or experience.

7. Cloud-based accounting software is often preferred by small businesses because it allows for remote access and automatic backups, as well as easy collaboration with team members or accountants.

8. Many accounting software providers offer integrations with other business tools, such as payment processors, CRM systems, or project management platforms.

9. The level of customer support offered by accounting software providers can vary widely. Some may offer 24/7 phone or chat support, while others may only provide email support during certain hours.

10. There are some free accounting software options available for small businesses, such as Wave and GnuCash. However, these may have limitations in terms of features or support compared to paid options.