Best Accounting Software for Small Businesses in 2024
Advance Finserv
Global Talent, Local Impact: Empowering Businesses through Offshore Staffing
In the fast-paced world of small business, having the right accounting software is crucial for managing financial accounts, income, expenses, and preparing for tax season. The right software can be an affordable alternative to hiring an accountant or a large firm, offering tools to streamline accounting, tax prep, and payroll. However, with a plethora of options available, selecting the best solution can be daunting. Here, we've narrowed down the top accounting software for various small business needs in 2024.
Show Summary
The Best Accounting Software of 2024
Best Free Accounting Software: Zoho Books
Rating: 4.5 ??
Starting Price: Free; INR 1,200 per month (billed annually)
Free Trial: 14 days and a free forever plan (with revenue restrictions)
Key Features: Invoicing, payroll, mobile app
Why We Picked It: Zoho Books offers a robust set of features in its free plan, making it ideal for startups and small businesses on a budget.
Pros:
Cons:
Best for Ease of Use: FreshBooks
Rating: 4.3 ??
Starting Price: INR 1,200 per month (billed annually)
Free Trial: 30 days
Key Features: Unlimited invoicing, track unlimited expenses, mobile app
Why We Picked It: FreshBooks stands out for its intuitive interface, making it easy for non-accountants to manage their finances.
Pros:
Cons:
Best for Advanced Features: Xero
Rating: 4.3 ??
Starting Price: INR 1,000 per month
Free Trial: 30 days
Key Features: Quotes and invoices, bank reconciliation, mobile app
Why We Picked It: Xero offers advanced accounting tools and integrations, ideal for growing businesses with complex needs.
Pros:
Cons:
Best for Self-Employed: Intuit QuickBooks
Rating: 4.3 ??
Starting Price: INR 1,200 per month (for the first three months, then INR 2,400 per month)
Free Trial: 30 days
Key Features: Invoicing, maximize tax deductions, track mileage
Why We Picked It: QuickBooks Self-Employed simplifies tax tracking and deductions, making it perfect for freelancers and contractors.
Pros:
Cons:
领英推荐
Best for Automation: NetSuite
Rating: 4.1 ??
Starting Price: Custom
Free Trial: No
Key Features: Regulatory compliance, automation, cloud access
Why We Picked It: NetSuite excels in automation and regulatory compliance, making it a strong choice for businesses seeking to automate financial processes.
Pros:
Cons:
Best for Restaurants: MarginEdge
Rating: 4.1 ??
Starting Price: INR 24,000 per month per location
Free Trial: No
Key Features: Recipe costing, POS integration, food usage report
Why We Picked It: MarginEdge is tailored for restaurants, offering unique features like recipe costing and POS integration.
Pros:
Cons:
Best for Micro-Businesses: Sage Business Cloud Accounting
Rating: 4.0 ??
Starting Price: INR 800 per month
Free Trial: 30 days
Key Features: Invoicing, track accounts receivable, automatic bank reconciliation
Why We Picked It: Sage offers a cost-effective solution for micro-businesses with straightforward accounting needs.
Pros:
Cons:
Best for Startups: Kashoo
Rating: 3.5 ??
Starting Price: Free; INR 1,600 per month
Free Trial: 14 days
Key Features: Payroll, invoicing, mobile app
Why We Picked It: Kashoo is perfect for startups, offering a simple yet effective accounting platform that can grow with the business.
Pros:
Cons: