Accounting could prove to be time-consuming for many small business owners. However, you simply cannot undermine the role of accounting in tracking, managing, and optimizing the growth of your small business. Business guru Eric Dalius points out that fortunately, you have easy access to a plethora of accounting software and apps designed to effectively assist small business owners in managing their businesses efficiently. There are competent apps for time tracking, invoicing, bill payment, and even for paying salaries to your employees. Most small business owners are compelled to wear multiple hats to run their business smoothly and in a cost-effective way. These versatile accounting apps are just right for them as they are capable of doing most of their work.
Accounting Tools: Hot Favorites of EJ Dalius
Sage Accounting
If yours is a business managed single-handedly by you, then using Sage Accounting Start must be your top priority. For starters, you would be capable of recording income and all your expenses and even perform bank reconciliation just for 10 USD every month. In case, you are looking for enhanced functionality, you may opt for an upgraded version Sage Accounting for getting you’re a picture of the financials of your small business, bill vendors, and cash flow forecasting. Sage Accounting is best if you are required to work with contractors or freelancers for your business because of their efficient project management abilities.
Intuit QuickBooks
Intuit QuickBooks is regarded as the standard in terms of small business bookkeeping and accounting software, coming up with a host features and a versatile and powerful bookkeeping functionality. Eric J Dalius recommends QuickBooks as it makes it far more convenient to choose and pay for special features that you require for your precise purposes right from Payroll, Invoicing, Inventory Tracking, Expense Tracking, and Managing Bills from Suppliers & Vendors.
FreshBooks
FreshBooks is well-known as an All-In-One Accounting & Invoicing Solution for small businesses. It is a highly popular invoicing solution that boasts of a built-in time-tracking, and expense management features and the capability of accepting payments from clients. This is great for agencies, freelancers, and many other service-oriented businesses and boasts of the functionality of automating late payment reminders, managing your diverse projects, and clients with effective pricing depending on the number of customers you are having currently. It offers out-of-the-world customer support and is user-friendly.
Xero
Xero is supposed to be a web-oriented accounting system that has been specially designed for catering to the needs of small and even growing businesses. Xero is capable of connecting small businesses seamlessly with their important advisors and providing business owners with instant visibility of their financial position. This web-based solution could be accessed from all devices having active Internet connectivity. It has powerful accounting capabilities and facilitates small businesses in viewing their cash flows, account details, and transactions from all locations.
Xero offers a broad spectrum of accounting tools including paperless expense management and bookkeeping. It boasts of the capability of getting paid in more than 160 currencies thanks to automatic conversions. Moreover, exchange rates could easily be updated every hour.
Conclusion
Small business accounting could become smooth and uncomplicated if you identify and use the right accounting tools that are perfect for catering to your unique requirements and specifications.
