September 15, 2025

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best small business accounting software 2020

With plans ranging from $0 to $70 per month, this is one of the most affordable—yet still robust—small business accounting software solutions out there. Unlike QuickBooks Desktop, QuickBooks Online is a web-based software, meaning you can access the platform anywhere you have internet access. Over 20% of buyers said they need more software that handles payroll, inventory management, and invoicing. These features are common in enterprise business accounting software. A growing business also has more users in the system, which means needing extended vendor support if your staff isn’t trained properly. At a minimum, accounting software tracks financial transactions to record profit loss and improve business finances and overall cash flow.

QuickBooks pricing

Operating in more than 180 countries, Kashoo has stayed relatively obscure, with minimal available customer reviews, most of which rate recording transactions the software 4-5 stars. The company prides itself on a user-centric approach, prioritizing active listening to create solutions to small business owners’ accounting problems. Xero’s interface is clean and straightforward, ideal for small business owners who may not have an extensive accounting background.

Other financial software1

The most popular package is Standard, which comes with up to 500 best small business accounting software 2020 contacts, 3 users and 10 automated workflows. Professional, meanwhile, is a full bells-and-whistles experience that offers 500 contacts, 10 users and 10 automated workflows. If you run into trouble, detailed web help and video tutorials are only a click or two away. We found several options to get support, including a community forum, a knowledge base of articles, year end tips, and even a ‘Sage University,’ that should help make any newbie comfortable.

best small business accounting software 2020

QuickBooks – Bookkeeping Software

  • Accounting platforms typically provide standard financial reporting tools and templates with most subscriptions.
  • The software also fits neatly into the wider Zoho ecosystem, so if you’re already using Zoho products for your business this one is a no-brainer.
  • While some users find it to be efficient, some have had issues with attempting to access the camera on their phones, occasionally causing the app to crash.
  • We found its analytical capabilities extensive, with 150 pre-built financial reports.
  • Several users express frustration with slow email response times, a lack of phone support, and text support waits that can last over an hour.
  • She’s well-versed in the intricacies of LLC formation, business taxes, business loans, registered agents, business licenses and more.
  • It has the most extensive accounting tools that are ideal for micro businesses.

When I clicked on a feature that looked like it was included, I was frequently rerouted to a page that prompted me to purchase an add-on, which was frustrating at times. When you talk about the best accounting software, there are two important factors that you cannot neglect, i.e. the price and usage. Accounting software is essential for small businesses, as it helps streamline financial operations and reduce the amount of time spent on administrative tasks. It has all the essential features needed, and at year-end, accountants can easily pull reports to help prepare your business’s tax return. If you make a purchase through the links on our site, we may earn a commission from the retailers of the products we have reviewed. It has no additional cost to you, and never affects the editorial independence of our reviews.

How much does Xero cost?

best small business accounting software 2020

You can also give your own CPA access to your account if you have someone helping you already. Daily accounting work typically involves paying bills, recording payments, and sending invoices. If you have connected your financial accounts to your accounting site, then it’s easy to do. You can also view each account’s online register, which contains transactions that have cleared your bank and arrived in your accounting app (along with those you’ve entered manually). Sage Intacct for companies that have outgrown entry-level solutions like QuickBooks. The software is best for businesses with 15 to 250 employees and $5 to $250 million in revenue.

Is it possible to have a company customize an accounting software package for me?

  • You can get extra help by working with a tax expert online or in person—for an additional fee.
  • Professional, the next plan higher, meanwhile, is a full bells-and-whistles experience that offers recurring bills, 5 users, vendor credits, and automatic exchange rates.
  • At the end of the day, as a free and simple software, Wave has significant functionality to offer, and even more if you pay for either of their add-on options.
  • Customers have recounted their torrid experiences with NetSuite’s implementation services.
  • Feel free to check Zoho out if it sounds right for you — you can get a 14-day free trial of Zoho on plans, plus a limited permanently free plan that’s open to any business with an annual revenue of less than $50,000.

Once I filled out the form, I was asked to enter my password again and taken to my account dashboard. First, I was immediately presented with a list of action items to further set up and customize my https://www.bookstime.com/ account. Beyond automation, OneUp showcases flexibility in its approach to client management. It offers two distinct operational modes—“Do-It-For-Me” and “I-Do-It-Myself”—allowing businesses to choose the level of control they wish to exert.

best small business accounting software 2020

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It provides Schedule SE for self-employment taxes  and Schedule C to report profit or loss from a sole proprietorship. Instead, it integrates with Gusto (see Gusto Payroll pricing here or check out our Gusto vs ADP Payroll guide here) or PaymentEvolution. It’s not a complete deal-breaker, but it is annoying that there’s no native feature. For more information about costs read our full Zoho Books pricing review.

Ravina
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Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. 

Ravina Pandya

Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. 

View all posts by Ravina Pandya →