The 5 Best Accounting Software for Small Business of 2021

 The 5 Best Accounting Software for Small Business of 2021

Accounting software offers smart, viable solutions for small businesses and helps you scale up your business multiple times.

As your small business grows so will the workload on accounts grow. Bookkeeping services should not be overlooked as they contribute to the revenue and financial growth of the business. How can you cope with it? The answer is ‘Outsource accounting services’

Yes. The accounting softwares is your smart business tool that lets you handle payroll, job costing, tax planning and many more.

Choosing the right accounting software should not be a tough spot as the outsource accounting service provider will automatically have one for you.

A good Bookkeeping services firm will use top accounting softwares for 2021. Here’s a comprehensive list of the 5 best accounting softwares.

1. Quickbook online

One of the most preferred accounting softwares, used globally and top rated by many accounting firms. It has a plethora of resources freely available to be used for training and learning and offers smooth accounting operations.

The benefits of Quickbooks can be summarized as follows

  • It can scale up your business
  • It offers mobile app based operations
  • You can do third-party integration with Quickbooks
  • It is built on a cloud based platform
  • It is used by almost all small businesses
  • Best for bookkeeping services and handling tax operations
  • You can upgrade your subscription hassle-free as your business expands

2. Xero

Xero offers simple accounting solutions to micro businesses that need simple bookkeeping services. New Zealand based accounting software has over 2 million users globally. Xero offers a user friendly interface with third party payroll integration support. You can ask your customers to collect payments directly via Stripe and GoCardless integration with Xero.

Some of the benefits of Xero as follows;

  • It allows mobile app based user interface
  • It works on a cloud based technology
  • Allows third party integrations with Gusto

There are three monthly payment methods that Xero offers with three monthly subscriptions and a full ad on payroll services.

3. Freshbooks

Invoicing is the most important part of business accounting needs. Freshbooks offer many customised invoice options with the primary task of sending, receiving, printing and paying invoices. Freshbooks is also capable of taking care of basic bookkeeping services.

It also benefits in many ways such as third party app integration with shopify, G Suite, Gusto, and Stripe.

  • It is a cloud based technology platform
  • It is affordable for small businesses
  • Caters all Invoicing needs with Advanced invoicing feature
  • Can be operated via mobile interface

4. Quickbooks Self-employed

If you are a freelancer or independent contractor, you might like to choose Quickbooks self-employed accounting software as your primary choice.

It helps in doing easy business transactions such as tracking income and expenses for tax returns. It also takes care of business transactions on the go hassle-free.

The benefits offered by Quickbooks Self-employed are as follows:

  • You can track mileage
  • You can identify and differentiate business and personal expenses
  • It is synced with TurboTax
  • It’s cloud based platform helps to keep data secured
  • You can organised receipts
  • Sending invoices on the go
  • You can estimate and file tax seamlessly

5. Wave

If you are a small business and need simple invoice transactions without the need of payroll or tracking the inventory. Wave is best for small services based businesses and freelancers and helps in handling all basic accounting services.

The benefits offered by Wave are as follows:

  • You can scan receipts, do accounting tasks and generate invoices free of charge
  • There is no billing limit or transaction cap
  • You can have unlimited number of users
  • You can run multiple businesses into one account
  • You can avail two payroll plans as an ad-on subscription.

Outbooks UK offers professional and bespoke services with expert Bookkeeping solutions. They have industry experts in Xero and Quickbooks to help you cater all your accounting needs.

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