Accounting/Finance Software
We have researched and found some good free or low-cost accounting/finance software for small or micro-businesses. This software can help you save time by automating your accounting/finance processes. Because it keeps track of all data, it often improves quality and reduces errors. It also simplifies tax compliance. “As reported by PCMag, US Business of Bureau Index, 20% of Small Business Enterprises without accounting software, struggle to last in their 1st year.” Most small businesses now use cloud-based accounting software. “The companies that use cloud accounting exclusively saw a 15% growth in the year-over-year revenue pattern and were also able to get five times the total number of customers than the companies that don’t use cloud accounting exclusively.” https://www.acecloudhosting.com/blog/accounting-stats/
In alphabetical order:
- Freshbooks: According to Merchant Maverick, “Best for small businesses looking for simplicity, strong invoicing, proposals, and good customer support.” Pricing. Marketing video (36 seconds)
- QuickBooks: According to Merchant Maverick, “Best for small businesses looking for a full-featured accounting solution that is relatively easy to use.” Quick Tour/ getting started video (3 min 22 sec)
- SlickPie: “SlickPie provides free accounting software for small business owners and freelancers to run their finances anywhere, anytime.” Best for: Small businesses with little experience bookkeeping” (Hubspot) Pricing (free version). Getting started video– 2016 (3 min 7 sec)
- Wave A free cloud-based accounting software. According to Merchant Maverick, “Best for small businesses on a tight budget that still want strong accounting capabilities.” Pricing (has a free version). Video review (1 min 14 sec)
- Xero: “Xero can automatically handle tasks that used to take up all of your time. From importing bank transactions to sending invoice reminders, we’ll do the work for you.” Pricing. Overview video 2018 (3 min 34 sec)
- ZipBooks: According to Merchant Maverick, “Best for small businesses in need of affordable, strong accounting. Ideal for business owners with little previous accounting experience.” Pricing (has a free version). Getting-started video– 2018 (3 min 41 sec)
- Zoho Books: According to Merchant Maverick, “Best for small businesses in need of strong online accounting, affordable pricing, and good invoicing.” Pricing. Marketing overview video– 2018 (1 min 33 sec)
According to Investopedia:
“The 5 Best Accounting Software for Small Business of 2020
- QuickBooks Online: Best Overall
- Xero: Best for Micro-Business Owners
- FreshBooks: Best for Service-Based Businesses
- QuickBooks Self-Employed: Best for Part-time Freelancers
- Wave: Best Free Software”