Managing finances is a daunting task, be it a small organisation or large enterprise they face common challenges while handling finances. To run a business you must be acquainted with many key skills, one of the many is Accounting. Finances can make or break your business and there are so many other things interlinked with them. So, you cannot take them easily. If you’re a small business owner then there are many other obstacles you need to overcome. You have access to limited funds, so you cannot afford to hire different personnel to perform these tasks. In such situations, it is beneficial to purchase accounting software that comes in your budget and help you in managing your finances and improve your business.
Why is accounting software important?
As a business owner, on a daily basis, you have hundreds of tasks to perform, such as participating in in-house meetings, or client meetings, etc. Along with that, you would also have to handle many other time-consuming tasks. While performing such tasks your focus can get diverted from other important aspects of your business.
Thanks to technological advancements now there are accounting softwares available that can take of such time-consuming tasks and allow you to concentrate on important aspects. They help you in managing payroll, unforeseen expenses, cash flow management, taxes etc. There are many accounting software available that cater to different types, niches, sizes of businesses.
Remember to choose a product that matches your requirements and budget. You see is time is money, for every minute spent on handling manual work you are falling behind in driving your business forward. When you use technology to improve your business, your revenue potential will also boost. With accounting software, you can perform your job faster and more efficient and it helps you in concentrating on how to improve your business.
Fresh Books
Fresh Books provides all-in-one solutions to small businesses invoicing and accounting issues. It makes managing accounting easy, secure and fast. This software is intuitive and simple to use. You now don’t have to spend hours doing paperwork, it makes handling paperwork easy. With Fresh Books, it only takes just a few clicks to manage tasks such as organizing expenses, invoicing, following up with your clients and tracking the time. Since it saves all your important data in the cloud, you can easily access it from anywhere at any time. Imagine how easy handling your business would become with this software. This software is used by more than 5 million people across the globe to streamline their business. It includes features such as invoicing, time-tracking, expenses, payments, reporting, accounting etc.
It even allows you to collaborate on projects with your team, you can participate in conversations and keep your team in sync and all your projects on schedule. This software is best even if you’re self-employed or managing a firm, consultancy and an agency. Fresh Books offer meaningful insights to develop your business and also provides you with a dashboard where you access all your files and conversations within a few clicks. It even integrates with a lot of apps that make running your business easy and comfortable. You can even send estimates to your clients with it.
And lastly, it securely stores all your information. If you have any queries their customer support is always ready to assist you. You can try the free trial version before signing up. The pricing ranges from $15/month for Lite, $25/month for Plus, $50/month for Premium and you can even customize the services and pricing for your business. All you have to do is raise a quotation.
Quickbooks
Quickbooks is an accounting expert that organises everything for you in one place. It makes managing business easy and secure. You can even integrate your bank account with it to categorize and integrate your transactions. You can even take snaps of your receipts and sync with many other popular apps. Quickbooks provides you powerful invoicing with tracking, direct-deposit and custom reminders which maintains less-transit time between you and your money. It even provides you with sessions that can maximise your skills, insights and knowledge.
It provides smart accounting solutions to cover all the aspects of your business. Quickbooks also provides you with meaningful insights to develop your business such as profit and loss report, balance sheet and expenses report. With just a few clicks you can view all your financial reports. It even allows you to link your expenses through your mobile app and keeps you prepared for tax time. You can even customize your accounting solutions with its tools. This cloud accounting software makes it easy to access your data from anywhere at any time. The price for this software is ranging from $50/month for simple start plan, $20/month for essentials, $35/month for plus and $75/month for advanced.
Zoho Books
Zoho Books is a product from Zoho corporation. This accounting software is designed to streamline your business and grow it exponentially. It is an intuitive software that can help small businesses in handling their accounts. Zoho Books is an easy-to-use software, it helps you in making data-based intelligent decisions. This single platform makes it possible to send invoices to your customers and receive online payments. It saves both time and money, you say goodbye to all your worries relating to security and support. It has a smart design which provides you with extreme attention to detail and other functionalities that make managing your business easy.
You can manage all the reports or insights relating to your finances from a single dashboard. It provides automated payment reminders, bank feeds, sends and tracks the invoices, tracks your projects and many more. Zoho Books amazing features will help you in engaging with your customers, efficiently manage any obstacles between your accounting and sales departments. Lastly, it automates your workflow and saves you time to concentrate and take care of other important aspects of your business. You can try a free 14-day trial version before signing up to a plan. The pricing ranges from $9/month for basic, $19/month for standard and $29/month for a professional plan.
Gusto
Gusto is an all-in-one platform that helps you manage your payroll and HR issues. It provides you with full-service payroll. This platform provides you with a smart payroll that is easy to use. You can run payroll in just a few minutes and a few clicks now. It allows you to sync your team’s hours, summarizes all the information to review later and you can even set your payroll process on autopilot too. Gusto software is easier to use and makes compliance easy too. This platform makes managing HR and payroll easy for small businesses.
It even calculates your taxes and files your payroll taxes automatically. It even provides you with features that make managing your team easy. Gusto offers time tools such as simple time tracking, reporting and PTO policies, Time off-tracker, holiday pay, time-off requests, etc. The price ranges from $12/month per person +$149 base price, $12/month per person +$39 base price and $6/month per person +$39 base price.
Saga 50cloud
Saga 50cloud accounting software improves your business’s productivity with the power of its cloud-based desktop accounting software. You can view all your finances from a single place. It even assists and prepares for accurate online submissions and makes you digital tax ready. You can integrate Saga 50cloud accounts with Microsoft Office 365 to make your business better. It provides you with powerful financial reporting in excel. You can even have a back-up of your data in the one-drive cloud backup. Saga capture allows you to upload and store receipts from anywhere.
It makes collaboration easy and increases productivity and saves costs. Saga matches your bank transactions with invoices and reduces you the headaches of bank reconciliations. With Saga, you can create professional quotes and invoices. You can also manage income, expenses, cash flow and payments. Manage VAT and submit online returns and provides you with a mobile app to work from anywhere. It reduces manual work and makes reconciliation easy. You can improve your cash flow blockers and strengthen your relationships with customers. Saga allows you to automate your payment collections and improves your cash flow. The prices range from €20/month for essentials, €60/month for standard and €125/month for professional.
Conclusion
It is important for businesses to adapt to technological advancements. Don’t you agree? In business, there are so many things to take care of including manual work. Focusing too much on these small jobs can distract you from focusing on your business. So mitigating such simple tasks to software can save your employees time and effort and help them in concentrating on other important aspects of your business and take your business to the next level. And lastly, switching to accounting software will make your work easy, efficient, error-free and secure. So, why not use these accounting softwares to improve your business and build better relationships with your customers.
