A lot of readers on the largest WordPress resource, WPBeginner are mostly web professionals, and most of them usually enquire about the best accounting software available that can be used by web professionals. While working on your own business, you would necessarily need to maintain the accounts, track all the earnings, invoices, taxes, expenses and many more.
Most small businesses make use of some of the great software to streamline all the processes. Listed below are some of the best and most used web-based accounting software for small businesses as well as web professionals.
Need for Using an Accounting Software
Most people start on spreadsheets for managing the finances of their businesses at the beginning. However, it cannot be possible to stick on to this method as the businesses expand. Things would mostly get complicated as you would need to keep track of all the income and expenses including invoices, taxes and online payments. Proper streamlining of these processes can save the time they might need to spend on everything while they don’t use software for it, and also to get it all done in the proper way.
This is when accounting software are chosen for growing businesses. They help to keep track of the finances of your business, calculate taxes and do bookkeeping. Using software for a business can help save a lot of time and energy as well as to make more income for a business.
Here is a list of the top easy-to-use accounting software that can be chosen by small businesses, web professionals as well as freelancers. With the advantage of being affordable for everyone, software also have the added advantage of having the necessary features.
QuickBooks is regarded as one of the best web-based accounting software that can be used by freelancers and web professionals. It is widely chosen by many as it is easy to connect directly to the bank accounts, credit cards, and PayPal to capture all the business-related transactions.
QuickBooks also let you send invoices to your customers as well as to track it all using the app. Customers would also have the option to make direct payments by clicking on the payment button on the invoice you send.
They are widely known for making accounting tasks easier for people who are not good with accounting. It provides detailed reports that often provide a quick and easy overview of the finances of your business including the invoices, expenses, and income. The software also have the added benefit of managing the taxes with ease as it can save a lot of time while filling the taxes.
The software comes with mobile apps that are easy to use, and it also allows the users to manage finances, capture receipts, and view detailed reports of everything on the go.
Pricing – The small business plans for QuickBooks start at $10 per month whereas self-employed plans start at $5 per month.
GoDaddy is mostly known as the biggest company in the world for domain name registration. Though this is true, the software also offers a lot of other services like cloud-based bookkeeping software, especially for small businesses.
It provides various services for its users like syncing credit cards, bank accounts, Amazon, eBay, PayPal or Etsy accounts with their bookkeeping platforms. It also helps to track the transactions of the business automatically as well as to display the report of total profit and loss on the top.
GoDaddy includes better management options for invoices with integrated payment options via Stripe or Paypal. This software is regarded as a great option for small businesses as well as freelancers who are in the lookout of simple solutions for bookkeeping. However, GoDaddy lacks a few advanced features that are available on other software.
Pricing – The plan of GoDaddy starts from $3.99/month.
FreshBooks is regarded as an ideal software that can be opted by freelancers. It is one of the easiest apps that provide easy ways to send and track the invoices of a business, especially for self-employed people.
The software lets business owners track the business expenses, manage various projects, accept payments from customers, and capture the receipts of the same. It also permits you to connect with the bank accounts for the direct deposit of payments into the accounts.
FreshBooks provide reports inside its dashboard which helps to make the overall accounting process simpler for people who run a small business. It also has a mobile app that gives its users all the freedom to manage their business on the go.
Pricing – The pricing of FreshBooks starts at $15 per month.
Xero is considered to be yet another web-based accounting software for small business as well as for professionals. The software offers many affordable plans and features that are beneficial for the growth of a business as it helps to accept payments from customers, send the invoices, manage contacts, view transactions and so on.
Pricing – The starter plan of Xero is for $9 /month which is too limited. The standard plan starts at $30/month.