Business and Bookkeeping Software | Your Bookkeeping Department

Run Your Business and Bookkeeping More Smoothly With Top Accounting Software

Accounting and bookkeeping are part of every business venture. Numbers, profits, sales, it’s all in a day’s work. Every business needs to provide invoices, payroll and financial reports. Whether you operate a boutique marketing agency or own a plumbing company, you could always run your business and bookkeeping more smoothly.

There are many accounting software on the market, each with its own benefits and features. Some are easier to use, while others allow you to do more. So how do you pick the ideal accounting software for your business goals?

To evaluate what makes a top accounting software, you have to look at a variety of factors. For example, cost. Is the software expensive to buy? Is it costly to integrate it into your small business or train your team on how to use it? What can the accounting software do for your bookkeeping? Can it create invoices, track payments or even pay your bills? Some small business owners also like the convenience of connecting their credit card and bank accounts to their chosen accounting platform.

If you have a number of employees and don’t run your business yourself, you may look for an accounting solution that also allows you to process payroll.

Bookkeeping, accounting software

At a minimum you want to run your business and bookkeeping more smoothly with an accounting software that tracks income, expenses, generate reports and gives multiple users access in case you want to hand off financial administrative work to an employee.

QuickBooks Online is one of the most popular accounting software for small business since it fits most budgets and it’s easy to set up and use. In fact, many accounting and bookkeeping firms, such as Your Bookkeeping Department in Miami Beach, train their clients on QuickBooks. Clients learn how to invoice their customers, organize financial records, manage inventory, record payments and more.

An online accounting software allows for more than just accounting. When you want to run a business and bookkeeping more smoothly, it’s important to automate tasks. The ability to access your data on multiple devices (from anywhere) is also important because it creates more efficiency and productivity. That’s why a cloud-based accounting solution is typically preferred. And if you’re working simultaneously with an accounting or bookkeeping firm, they can easy gain access to your files and assist you in more complex financial tasks.

FreshBooks is one of 2019’s top accounting software. It’s ideal for freelancers and sole proprietors. It makes tracking hours very easy, transferring them into an invoice which is directly emailed to clients. FreshBook is also affordable, starting at $15 per month.

Xero is another favorite on this year’s top accounting software list. There’s no fee charged per user or even a limit of how many people can use the accounting platform. You can process bills, connect to banks and credit card accounts, track project time and even get key financial statements such as profit and loss and balance sheet.

Wave is best for businesses who are just starting out and really concerned about their budget. It’s free, user-friendly and has many of the same features as the other accounting platforms. But it can’t manage accounts payable. You can however manually enter unpaid bills into Wave.

There’s a few other accounting software on this year’s top list that can help you run your business and bookkeeping more smoothly. JobPower is great for the home building industry, including residential and commercial. Truckn Pro is ideal for small business owners with truck fleets. PC Law by Lexis Nexis is more for law firms who are looking to manage their books as well as their clients.