8 Best Small Business Accounting Software in 2024

Great company, great management team, huge commitment to customer service. They’re famous for only letting the phone ring one time before someone picks it up. So if you’re looking for that great customer service and you’re a very small company maybe an independent contractor, FreshBooks can really work for you. I believe they were acquired, I have to confirm that, but they had a good exit, but it wasn’t quite as powerful as QuickBooks. It’s never been a breakout success that would make it the industry standard of the best accounting software for funded companies. Wave is a free accounting software designed for small businesses and startups.

Wave is the most affordable accounting software

This is where inaccurate journal entries or patchy record-keeping can cause lucrative business deals to fall away. Effective accounting processes can enable stronger forecasting and budgeting. And that kind of financial rigor shows potential investors that you have the wherewithal to become an established, valuable, and profitable venture. Customize templates for your documents, like quotes, invoices, and bills. Leave a lasting impression through Zoho Books’ great-looking templates. Banking services are provided by Grasshopper Bank, N.A; Member FDIC, and OMB Bank; Member FDIC.

at FreshBooks

With Brex, you can set up multi-level approval chains that automatically route expenses to the appropriate decision-makers. They’ll get real-time notifications and can review and approve expenses right from their email or the Brex app. Brex also maintains a clear audit trail of all approvals, making it easy to track the status of any expense and who approved what and when. By automating time-consuming approval processes, Brex helps your team stay focused on strategic tasks while ensuring employee and financial compliance. Your chosen startup accounting software should easily handle increased transaction volumes and complexity as your business expands.

Shopify integration by Xero

By employing this methodology, we were able to objectively analyze competitors based on their merits in these vital categories. Once I finished answering the setup questions, I was given access to the platform. The first screen I saw was the “all files” screen, which allowed me to see any files I had stored Certified Bookkeeper in my Neat account.

Bookkeeping Basics: Track Income and Expenses

NetSuite’s accounting software is all about automation, which can be a huge time-saver (and stress-reducer) for businesses. Automation features include creating journal entries and statement reconciliation. One particularly notable feature set within AccountEdge is its data management and report customization features. You can customize hundreds of reports and use filters, report fields and custom lists to see only the data you need. You can also create graphs, charts and maps to create easily consumable reports. The software allows you to then back up your data even daily to ensure it is safe and never lost.

It combines highly effective accounting tools with an exceptional user experience. The service stands out because it’s easily customizable, comes in multiple versions with hundreds of add-ons, and offers better mobile access than most rivals. Zoho Books is a versatile accounting software for startups, offering automated workflows, tax management, and multi-currency support.

Award-Winning Customer Support

For support setting up your business finances, explore our managed accounting services. Choosing the right accounting software is important for startups to manage their finances efficiently and support growth. The best solutions offer features tailored to the unique needs of early-stage companies, such as easy invoicing, expense tracking, and cash flow management. However, with so many options available, it can be challenging to find the right solutions.

It’s my personal favorite for the best accounting software for startups. Unlike other accounting softwares, Puzzle has native integrations with your bank accounts and other financial software like Meow and Bill.com. This means Puzzle can handle your bookkeeping fairly autonomously and push back the need to hire a bookkeeper. It’s an excellent choice for founders without an accounting background. Accounting software can improve productivity by automating time-consuming tasks, such as invoicing and tracking payments.

Latest in Startups

• If you log more than a few transactions a month, the lack of automation adds major time and hassle—you’ll want the $40 a month (or $50, billed monthly) Professional plan instead.
• It’s not just about knowing your bank balance; it’s about using that data to make informed decisions that propel your business forward.
• Another key reason to upgrade to it is the automatic import and categorization of expenses from a bank feed.
• We’ve tested more than 2,000 tools for different finance and accounting use cases and written over 1,000 comprehensive software reviews.
• Some of Sage’s comprehensive features consist of balanced scorecards, manufacturing modules, front-line control, project accounting, and lots more.
• Free accounting software is basic at best, and not everything free is worth using, especially when it comes to business bookkeeping.

Each has multiple tiers of service to meet the needs of companies that vary in size and complexity. Because it’s the entry-level offering in the QuickBooks family of accounting solutions, it’s a good choice for microbusinesses that plan to grow. It looks and works like more senior versions of QuickBooks, which makes for a smooth upgrade path. When selecting a plan, consider the size of your startup, the specific features you require, and how the software can scale with your business growth.