Users can access their bank balances, invoices, bills, and more with just a few clicks. Review and match bank transactions over your morning coffee or in any free moment using the accounting app so your bookkeeping is always up to date. We tested the top web-based accounting software for small businesses and mid-sized companies, i.e. FreshBooks, NetSuite, QuickBooks Online, Odoo, Xero, and Intacct. Zoho Books is an accounting software that is a popular alternative to QuickBooks, offering easy-to-use features. Xero provides multiple layers of tax changes shake up salt deductions protection for the personal and financial information you entrust to Xero accounting software.
You can also bulk import invoices from other accounting software to Xero so all your invoices are accessible from one place. Xero’s online invoicing tool makes it easy to bill customers and receive payments online. All and all, it’s an excellent option for sole proprietors and growing companies requiring an inexpensive way to manage finances and basic inventory. Xero is not free, though it does provide a free trial of the software for 30 days.
See how the app complements the way you work
- Xero is a cloud-based, double-entry accounting software for small businesses not exceeding 2,000 transactions a month.
- The Early subscription is tailored for solopreneurs and business owners who are just getting started.
- This can be helpful if your company is growing fast, or you simply want the reassurance that there’s no limit to how many people can be part of the team.
- You can even reconcile bank accounts and convert quotes to invoices.
Gusto is cloud-based payroll software that can support businesses of all sizes, from contractors to enterprise organizations. You can add unpaid bills and purchase orders to Xero via desktop or mobile app, present value and future value of an annuity net present value with formulas and examples making it simple for small businesses to keep track of what they owe. The dashboard is where you can get a snapshot of your accounting information all in one place.
Accounting app
Despite some criticism I have about Xero, I feel they are a strong billing and invoicing software. The customization capabilities is probably the best out of all online accounting software. It’s best to judge accounting software based on what you need it to do, rather than what it can be capable of doing.
All your small business accounting in one place
She’s a bankruptcy survivor, small business owner, and homeschool parent. In addition to writing for The Motley Fool, she offers content strategy to financial technology startups, owns and manages a 350-writer content agency, and offers pro-bono financial counseling. View the money coming in and out of your small business from the accounting app dashboard.
With Inventory Plus businesses can fulfill up to 1,500 orders per month from multiple sales channels. Xero offers a 30-day free trial (no credit card required) for new users and affordable plans for small businesses of all sizes. Businesses that are just getting started or sole proprietors can sign up for the Early plan starting at just $15/month, and then upgrade to its Growing or Established plans as they scale. Online accounting needs to be easy to use, otherwise it loses its time-saving appeal. One of the biggest benefits of Xero’s accounting software is its simplicity.
Xero supports unlimited users, which is great for writing the evaluation plan for your grant application businesses that have multiple team members who need to access their accounting information. Many accounting software for small businesses offer a 30-day free trial; however, Xero’s plans are less expensive than many of its competitors, starting at just $15/month. Xero often offers promotional pricing, making its plans even cheaper for business owners who take advantage of its deals. We recommend using Xero if you’re a small-to-medium-sized company that values affordability, collaboration, and user-friendly design.
Instead, you can integrate a payroll add-on called Gusto, recommended for up to 100 employees. It’s a full-service option with unlimited, automated payroll runs and direct deposit. Today’s leading accounting platforms offer standard security features like data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. After a 30-day trial period, Xero will bill a monthly charge of $13 per month for the Early plan, $37 per month for the Growing plan and $70 per month for the Established plan.
