Which is the best accounting software for all web professionals? Working on your own business requires you to maintain your accounts, track earnings, expenses, taxes, invoices, and more.
Luckily, there is some really great software that can help you streamline the process. In this article, we have selected the best accounting software for small businesses and web professionals.
Why Use Accounting Software?
When you’re just starting your business, you can manage your finances just by using simple spreadsheet. However, as your salary and expenses grow, things get more complicated.
You will need to keep track of invoices, online payments, other income, expenses, and taxes. If you don’t streamline the process, then you will end up spending more time on these things and still not get them done properly.
Accounting software helps you easily keep track of your finances, manage invoices, do the bookkeeping, and help you calculate taxes. This helps you save a ton of time while enabling you to manage your money more efficiently.
let’s take an instant look at some of the best accounting software for web professionals, freelancers, and small businesses.
Best Accounting Software for Professionals
We will be looking at the top accounting software used by thousands of professionals around the world. Our main goal is to highlight the ones that are easy to use, affordable, and offer the required features.
QuickBooks is one of the best and popular accounting software for web professionals and freelancers. You can easily connect it to your bank accounts, PayPal, and credit cards to automatically capture all your transactions.
It also allows you to send invoices to your customers and track them inside the app. Your customers can also directly pay by clicking on the payment button on their invoice.
QuickBooks makes accounting easier for non-accountants. It comes with beautiful reports that give you a quick overview of your finances as well as detailed reports of all your expenses, earnings, and invoices.
Another benefit of using QuickBooks is the ability to manage taxes. If you are using software like TurboTax, then QuickBooks can save you a ton of time when filing your taxes.
It comes with easy to use apps for mobile devices which allows you to capture receipts, manage finances, and view reports on the go.
Pricing: Small Business plans start at $10 / month, Self Employed plans start from $5 / month.
2. Godaddy Bookkeeping
Most of the people know GoDaddy as one of the biggest domain name registration companies in the world. However, they offer lots of other services including cloud-based bookkeeping software for small businesses.
GoDaddy Bookkeeping allows you to sync your bank, credit card, Amazon, Etsy, eBay or PayPal seller accounts to their bookkeeping platform. It automatically tracks all your transactions and displays them with your total benefit and loss report always visible on the top.
It also includes easy invoice management, recurring invoices, and integrated payments via Stripe or PayPal. It is great for freelancers and small businesses who are looking for a simpler bookkeeping solution however it lacks some advanced features that you will find in other apps on the list.
Pricing: Starting from $3.99 per month.
FreshBooks is an ideal software for freelancers. It is one of the easiest apps to send and track invoices for freelancers and self-employed professionals.
It also allows you to track your capture receipts, expenses, manage projects you are working on, and accept payments from customers. It connects with your bank accounts to deposit payments securely and direct.
There are awesome reports inside the FreshBooks dashboard which makes accounting dead easy for everyone. It has a mobile app that gives you the freedom to see and arrange things on the go.
Pricing: Starting from $15 per month.
Xero is another useful web-based accounting software for professionals and small business websites. It offers features and plans that grow as your business needs grow.
Xero helps you easily send invoices, view bank transactions, accept payments, manage contacts, and more. You can create multi-currency accounts, manage payroll if you have workers, and even manage all projects within the app.
It offers an easy to use interface with beautiful reporting tools. It is packed with a lot of additional features many of which you will probably never use as a freelancer, but you may need them as a business grows.
Pricing: The starter plan costs $9 per month, but it is too limited. You will need the premium standard plan which costs $30 per month.
Wave offers free accounting software for small businesses. It allows you to easily manage all your finances by connecting your bank and credit card accounts to the app. It then tracks all your transactions and presents them in an easy to understand reports.
It also allows you to send automatic, manual, and recurring invoices. With the mobile app, you can capture receipts on the go and keep track of things from anywhere.
The basic software is free to use. However, there are transaction fees for credit card payments 2.9 % + 30 cents per transaction, and for ACH transfers 1% per transaction. If you have employees, then you should know that their payroll software is paid and not included in the free plan.
Pricing: free accounting software, transaction charges, and paid payroll software.
6. Zoho Books
Zoho is a well-known CRM software. With Zoho Books, they added professional accounting software to their suite of apps. The biggest advantage you will get by using this is when you are using their CRM apps.
It connects well with other apps in their ecosystem as well as several payment gateways, bank accounts, and credit cards. This allows you to completely automate your bookkeeping.
You can also share transactions with your customers by giving them access to their client portal. You can even enable the Bulk payment feature to get paid faster by your clients.
Pricing: Starting from $9 per month.
If you are looking for the most general solution, then we recommend using QuickBooks.
If you are a small business owner who just wants a very simple solution, then we recommend taking a look at GoDaddy Bookkeeping.
We hope this article helped you find the best accounting software for small businesses, freelancers and professionals.
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