By : Dan Radak
Bookkeeping without a ton of papers, an expensive accountant, and a load of confusion? Believe it or not, it is quite possible … especially if you are a small business owner and with the emergence of today’s cloud-based accounting software. You can save hours and hours of complicated reports. Instead of being swamped with piled up numbers, balancing revenues with expenses, and figuring out how much to pay whom and how much to pay to the state, the right accounting solution can capture the work for you.
Here are some of the best cloud-based accounting software that you might consider :
QuickBooks is the best overall online accounting site for small businesses. It offers an effective combination of double-entry accounting tools, customization and usability, and critical reporting tools. Quick books is available online anytime, and you can access via mobile devices anywhere. Other useful features in Online Simple Start include check printing and exporting data to Microsoft Excel.
Zoho Books is an online accounting software that provides small businesses with all the tools they need to keep track of their finances. It tracks money influx by creating and sending invoices and money reflux by tracking expenses and vendor balances. Other advantages involve that users are able to connect their bank and credit card accounts, which automatically fetches and categorizes transactions.
It is a simple cloud accounting application designed to help small business owners to get organized and get paid. It combines all the tools that are needed for small business owners to manage expenses, send invoices and track time — anytime, anywhere. It also lets small businesses get paid faster by enabling them to accept credit cards, PayPal or via 12 other payment methods. It has easy-to-use and intuitive interface, with great blog where you will find information and tips for you.
Xero is a system designed particularly with small businesses on mind. It can handle everything from invoices and customer payments to expense management, purchase orders, payroll, inventory tracking, bank account reconciliation, financial reporting, etc. A big advantage is that you can add as many users as you want for free. Xero integrates with a wide range of add-ons to handle tasks such as time tracking, mobile payments and more.
It is an online accounting, invoicing and task-tracking platform for small businesses. It quickly records and categorizes income and expenses, generates accounting reports, links bank and credit card accounts, and automatically applies payments against invoices. The good thing is, if after some time you’re not feeling satisfied you can cancel the software anytime, there is no contract commitment.
The great thing about these tools is that all of them have a free trial. So if you can’t decide which one would be more appropriate for your business, it is quite easy to try a couple of them out, so you can find the right one for you. Narrow the list to two or three that look appealing and play around with them to see which works best for unique situations. The decision generally comes down to what the requirements of your business are and the experience you have with accounting.
Dan Radak, the author of this article, is a VPS and Hosting security specialist who is currently employed as a consultant in a couple of e-commerce companies. Lately, he is interested in accounting and bookkeeping. In his free time, he likes to play with his dogs. You can reach him on Twitter.