With QuickBooks Online, you will never have to wonder where your transactions are. For a platform dedicated exclusively to automating accounts payable and receivable, consider our Plooto review. Manual data entry is not only tedious and time-consuming but also opens the door to human error that creates inaccuracies or redundancies in your books. Using the software, you can send recurring invoices and payment reminders, sync data from bank and credit card transactions and reconcile expenses, all of which eliminate the need to do so manually. QuickBooks Online automates tasks, making accounting less time-consuming and less stressful for small business owners. We found that QuickBooks Online easily lives up to this expectation by providing the following features: Workflow Automation Small business owners need accounting software that will save them time while ensuring their financial records are accurate and up to date. Use all the core tools QuickBooks Online offers through a mobile application that’s available for both iOS and Android devices. Send and receive 1099 forms from independent contractors and track their payroll separately from that of full-time staff. The software allows you to invoice clients, view accounts receivable and accept payments with automatic updates to your business’ ledger. Tax deduction tools help ensure you take all available deductions and maximize the allowed amount to reduce your tax liability. QuickBooks includes at least 20 types of prebuilt reports as well as custom reports in certain plans. QuickBooks allows you to track expenses and profitability and manage inventory to help you stay on top of cash flow. The software automates tasks to reduce manual inputs, double entry and the chance for human error. The Business Overview tab is especially helpful as it offers a breakdown of your company’s cash flow, profitability, expenses, income and sales. Once you input the data, you can review your account balances and access your workflows and reports from the dashboard. You also have the choice to import any saved data from previous accounting software or to enter the information manually. The process is seamless and question prompts guide you while you enter your financial information. When you’ve decided on a plan, you will be able to access the QuickBooks dashboard, where you can connect and manage your accounts. In our experience, the process only took a few minutes. To get started, you answer questions about your business to help Intuit determine which plan is best for you. QuickBooks Online has an easy setup that begins with making sure you are directed to the appropriate plan. Read our Sage Accounting review to learn more. Although less feature-rich than QuickBooks, Sage Accounting costs less, making it a potentially better choice if budget is a priority. Read our Zoho Books review to learn more.Īlthough QuickBooks is a low-cost accounting software platform, it’s not the least expensive option. It’s not the least expensive accounting software, however - that would be Zoho Books, which is free for certain microbusinesses. The software has since grown to also accommodate established businesses with multiple employees, providing payroll management, e-commerce integrations, invoice tracking and more.įor the features and services you get, this software is a bargain. Originally, QuickBooks was intended for personal financial management, especially for self-employed individuals or small business owners. Additionally, QuickBooks Online allows you to create custom invoices and forms so your company’s branding is always at the forefront of client-facing communications. However, if you want extra assistance, Intuit’s professional bookkeepers can help you configure the software in a way that makes sense for your business. We like that the platform is easy to set up and use, allowing you to get your accounting software up and running yourself. They give you access to all the tools and reports you’ll need for accounting purposes, and you can upgrade your plans seamlessly as your business scales. Additionally, these discounts are only available if you skip the 30-day free trial.Įach plan offers features that are suitable for a range of small businesses, from new startups to established companies. These prices are available if you opt into QuickBooks’ deal through which you get 50% off for three months. It provides four plans ranging from $15 to $100 per month as well as a separate Self-Employed plan that starts at $7.50 per month. We found QuickBooks Online to be the best accounting software for small businesses. () Why QuickBooks Online Is Best for Small Businesses
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