Depending on the size of your small business, you may lack the resources or manpower necessary to conduct proper financial accounting. If this is the case, you will likely benefit greatly from the use of online financial software. If you are a small business owner in the market for this type of software, consider one of the entries listed below to best fit your needs. These are some of the best online financial software for small businesses to practice effective cash flow management.
Quickbooks, one of many great Intuit products for business, is great because it has a wide range of features that caters to all types of small business owners including freelancers, restaurant owners and merchants. It has an incredibly attractive interface and offers the most flexibility in terms of customizing report templates. Prices are rather standard for Quickbooks, as it starts at $9.99 and moves up to $12.95 for small businesses. This software is one of the most popular on the market. As a result, it is constantly adding new features and improving existing ones. If comprehensive features and continued support are what you need, you would be hard-pressed to find a more fitting online financial software than Quickbooks Online.
FreshBooks is very accessible from the get-go. It has a simple-to-use interface and lacks a lot of unnecessary accounting terminology that might confuse the non-finance savvy owners. It is compatible with other financial software and even has a mobile app with nearly all of the same features as the online version. Although, what makes FreshBooks unique is its focus on service-oriented businesses. It lacks inventory-based features, but it excels at creating a comfortable experience for businesses that sell services like consulting firms. It also has the ability to allow clients to pay with their credit cards through Freshbook invoices. If you are in the service-selling business and you need online financial software geared towards that area, FreshBooks is the ideal choice for you.
Wave Accounting is specifically designed for very small-scale businesses. It has a very straight-forward set of accounting features that get the job done with a focus on simplicity. It has great transaction and payment screens and, like FreshBooks, comes with compatibility with a mobile app as well. Wave Accounting’s main draw, however, is the fact that it is absolutely free to use. While it may lack some of the features found in bigger, paid services, Wave Accounting provides adequate support for the basic financial management needs of most small businesses. If your business is on the smaller side and you feel that a free online financial software would best fit your finances, you should consider Wave Accounting as a viable option.
Zoho Books is another software aimed at smaller businesses. Compared to Wave Accounting, however, it is far more expensive. It costs $24 per month to use. While this might seem like quite an investment, Zoho Books is actually loaded with features that help justify the cost. It has very strong inventory management, better expense tracking and automated time-tracking tools that assist with hourly billing. It also has a wide range of payment gateways that include PayPal, Stripe and all major credit card processors. While it does not compete with free, Zoho Books will suit you better as an online financial software if you value a powerful assortment of features.
BudgetPulse is a great personal finance software to use in addition to whatever business accounting software you decide upon. As a business owner, keeping your own finances in order is imperative to doing the same for business. That is where BudgetPulse comes in. This free online personal finance software is so easy to use. In addition, it offers features for creating financial reports and helpful budget tools. If you want to get your personal finances in order to help your business succeed, check out BudgetPulse personal finance app.
Finances can be difficult to manage. If you own a small business and you lack an accountant to manage your business credit cards and payroll, you will be left to handle all of the inventory, billing, sales and costs. Fortunately, with the help of online financial software, you will be able to organize all of your financial information with relative ease. If you are on the search for the best online financial software, use the information in this post to help you decide.
Image from http://iesrms.com/2015/09/7-recommended-free-online-financial-tools/