Top 5 Companies Leading the Accounting Software Solutions
Accounting is one of the biggest challenges facing any small business owner. Keeping track of all the numbers is tough enough even before you begin to face the need to reconcile accounts, track inventory, manage expenses, or prepare to pay taxes. However, a growing number of companies continue working to transform accounting into an easier, more accessible service with the help of the cloud.
Check out five of the companies that are proving their leadership by providing the best accounting software for small business. Through their efforts, they're transforming accounting for the Internet age and opening the door for small business owners to prepare better and strive for success today and tomorrow.
An online option, FreshBooks got its start in business accounting software back in 2003 under another name, but in recent years has continued breaking ground in providing useful features, particularly for small business owners. FreshBooks offers a lightweight and powerful client invoicing system that remains popular for its easy to use interfaces, integration, and reporting tools. While a revolutionary in the invoicing space, FreshBooks lacks advanced accounting features, such as inventory management.
FreshBooks separates its features into 9 main categories:
- Time Tracking
Another online accounting software option similar to FreshBooks, Wave offers free accounting options with a payments service available as pay-per-use. Wave targets both freelancers as well as small business owners who may need a solution for handling payroll, a function integrated into the online Wave experience. Similar to FreshBooks, though, it's not sufficiently feature-rich, and its pricing structure may not prove as economical for higher-volume firms.
The Wave accounting software separates its features into 7 main categories:
- Receipts & Bills
- Mobile Apps
- Bank Connections & Transaction Imports
- Invoices & Estimates
An agile and responsive accounting and inventory management software for businesses of varying sizes, ZarMoney provides free accounting software for small business with additional paid options. Single users enjoy free access without feature restrictions or transaction limits, while larger business users receive dedicated customer service attention.
As a result, ZarMoney's accounting services scale easily to meet the needs of a variety of businesses, irrespective of size. With numerous tools for major accounting tasks from tracking expenses to overseeing inventory, this company leads the way in affordability and flexibility among accounting software for Mac and PC.
ZarMoney distinguishes 6 main categories of features:
- Customers & Account Receivable
- Vendors & Account Payable
- Advance Inventory
Intuit QuickBooks Online
One of the originators in the accounting space, Intuit, has taken QuickBooks to the web with this online version of its flagship accounting software. With multiple service tiers and advanced technologies such as receipt capture for automatic expense tracking, QuickBooks Online is a robust cloud-based choice for those who need a fully-featured option. However, there are no free non-trial options, and the learning curve can be steep.
There are 4 main categories of QuickBooks accounting solution:
- Cloud Accounting
- Accounting Reports
- Inventory Management
Integration is the name of the game for account software provider Xero, which carves out its spot on the leaderboard by integrating with more than 700 applications. Xero's software features some of the most robust reporting capabilities with easily accessible, at-a-glance snapshots. As with QuickBooks, though, there's no free option, and basic plans put a limit on business activities.
Xero serves a little different pieces of software to different industries and then it is uneasy to separate and unify all their features into categories. Xero's main business categories they focus on are:
- High tech
- Amazon sellers
- Global small business
- Real estate
Simplifying Troublesome Tasks through Better Small Business Accounting Software
With these companies leading the way in breaking fresh ground, there’s never been a more exciting time for business owners to consider their options in the world of accounting software. With an array of options, how can you choose?
Look for a feature-rich online accounting software solution that offers the most comprehensive and flexible range of functionalities for your business – equip yourself with the tools you need today and the versatility to support your growth tomorrow.
Explore tracking inventory, managing expenses, and evaluating current cashflows with robust help from ZarMoney - leading small business accounting software solution provider.