With social distancing protocols and remote work configurations, many firms and professionals started seeing that cloud accounting tools give accountants a technological edge. When the pandemic hit, a record +13% point increase in IT workload was placed on the cloud. This statistic, however, showed that during this time, many are not so gung-ho about the idea of switching to the cloud. Cloud accounting solutions provide businesses and accounting professionals the perfect platform to do so. This has been deemed as a significant disparity, especially with the rising demands from businesses to be more agile. However, at the same time, it was found that only 37% of accountants use cloud-based accounting solutions. But it is the little things that can be the deal-breaker (e.g., scalability, support, reliability), so pay attention closely.īefore the COVID-19 pandemic, we witnessed an increase in the adoption of accounting applications. Many of these solutions are more similar than different, hosting standard features like general ledger management, invoicing, and payment processing.
Their features, benefits, and pricing will be discussed. In this article, we will present the 20 best accounting software for small business as determined by our experts. As you fiddle with thoughts of growing the business, one of these should be getting the right accounting software that you can start with cheap, but grow with advanced tools. This is especially so as the COVID-19 pandemic has brought forth more complex scenarios-like managing remote workers, perhaps, fewer customers, smaller advertising budget, along with the usual headaches in balancing the sheet. This entails practicing good financial housekeeping and using the right tool now, not tomorrow. With this, you can grow your business and revenue.Ī solid accounting foundation is key to running and growing a company. FreshBooks sports a more modern, cleaner, and user-friendly interface. It is a straightforward, intuitive, and powerful accounting solution that should handle any numbers you throw at it-and at a compelling price that works with your small business setup. The best accounting software for small businesses is FreshBooks.
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