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Five Best Accounting Apps for Small Business Owners

At some point, people need to deal with accounting, whether to file proper taxes or deal with the financial factors of their small business. While accounting is a crucial part of our lives, many of us don’t want to deal with the hassle of it. Accounting is a complex matter that requires a lot of thinking, and most of the time, great knowledge in the financial field. And if you don’t want to suffer lots of penalties, you need to be greatly accurate.  If you hate math and numbers, calculating your finances can really be a hard task.

Accounting Apps

Fortunately, there are now thousands of applications and software available that help you keep your books accurate without the need to becoming a math geek or a computer genius. Below are the top 5 accounting apps that you can use for your specific accounting needs.

Xero

Xero is an online accounting application that is designed specifically for small businesses to manage their accounts effectively and easily. The app can be accessed anytime, anywhere by using your computer, tablet, or Smartphone and see the up-to-date status of your business. Xero also has a user-friendly dashboard feature where you can easily find your current bank balances, pending invoices, and upcoming bills, as well as add new transactions. With Xero, you can pay your bills, track your payroll, and manage your transactions easily with just a click.

Quickbooks Online

Quickbooks Online helps you handles almost all the financial aspects of your small business in one manageable account, such as tracking your expenses, creating invoices, paying bills, and tracking your inventory. It has colorful and user-friendly interface that offers various features, depending on the plan you purchased. The best thing about Quickbooks Online is it’s available on wide range of devices, including on mobile phone, so if you’re always on the go, then this app can be the perfect choice. This app also offers a free demo so you can see how it works.

Zoho Books

Zoho Books is another simple yet very useful accounting application that can help you manage your small business easily. With Zoho Books, you can create unlimited invoices, pay your bills, record your payments, manage your entire inventory, calculate your taxes, and customize your workflows with just a click of your fingertips. And just like other online accounting programs, Zoho Books can also be accessed via mobile, so you can be sure to stay connected with your business anywhere you go.

KashFlow

Another easy-to-use and powerful online accounting software is KashFlow. If you’re a small business owner who doesn’t have enough accounting knowledge and hate dealing with complex accounting stuff then this app can be a great choice.  KashFlow is easy to learn with great features that can help you manage the financial aspects of your small business, from payroll, to banking, to accounting, and to purchasing – you can almost get everything with this app.  The best thing about KashFlow is it is “cloud hosted,” which means you can access it wherever you have internet access. This app is also great for mid-sized and larger companies.

Freshbooks

Freshbooks is an accounting application that is specifically designed for average individuals and small business owners who hates dealing with complicated accounting task. This app contains features that you need to make your accounting task easy to navigate, from sending invoices to tracking billing time.  It’s probably one of the best choices as it’s easy to understand even if you haven’t used accounting software before.

So there you have it! We hope that this list of accounting software will help you manage your accounts easily and save yourself considerable amount of time in calculating your business expenses. But of course, other than this list, there are more other great online accounting applications out there to choose from. And if you still don’t want to deal with any of your financial transactions and just want to pay someone else to do it for you, then hire a qualified accountant or bookkeeper. For that, you may want to visit www.bookkeeperco.com.au to get quotes and advice.

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