Many businesses use accounting software for accurate bookkeeping, understanding their profitability, preparing for the tax season, and managing invoices. Opting for good software can help one save considerable time by automating tasks and keeping track of accounts payable and receivables. Suppose one is looking for such tools to manage one’s business accounts and assist with day-to-day accounting operations. Knowing about a few accounting software options that are ideal for small businesses can help.

Intuit QuickBooks Online
Intuit QuickBooks Online is one of the best accounting programs used by small businesses to manage and operate their accounts. It is a cloud-based software that can be accessed through the mobile app or the web browser.

Xero
Xero is one of the best accounting software programs for micro or small businesses. It is a straightforward platform with a clean interface and can be entirely integrated with a third-party payroll service.

FreshBooks
FreshBooks was incorporated in Toronto in 2003 and now has over 30 million users. It began as invoicing software but has now been upgraded with features to take care of the bookkeeping needs of a business. The company offers four different plans: Lite at $15/ month, Plus at $25/ month, Premium at $50/ month, and Select with custom pricing. The distinctive feature of FreshBooks is that invoices can be stylized and created with a professional look. With this software, you can budget your projects, send proposals and estimates, and collect payments from customers. It can also be integrated with various third-party apps like G Suite and Gusto.

Wave Accounting
Wave Accounting is one of the best free accounting software for small businesses. This accounting software is a straightforward and easy-to-use option for those new to accounting. You can manage accounting, bookkeeping, and invoicing with a single platform. There are no limits on transactions. However, some premium services such as payroll and customer payment processing are offered at an additional cost. As an add-on service, two payroll plans are offered by Wave Accounting: $20/ month and $35/ month, and each option charges an additional $6 per employee or contractor.

Before opting for accounting software, you should check its pros and cons, pricing, and your business requirements to pick the best option. Small businesses may not require highly customized software and can choose from the above-mentioned options for an efficient accounting experience.