When you’re a small business, you need to think carefully about just how you should get your finances in order.
It can often feel really challenging to figure out the best path to doing that successfully, making many people feel as though they either have to do it themselves, or go all out with an over-the-top accounting choice that is overdone for what they actually need. Here are some suggestions to help you find the best accounting software for your small business.
Some things to keep in mind when searching
When you are considering your options, you’ll quickly find that there are some that offer certain advantages, and others that don’t. What you need is going to be very much based on how you are looking to use one of these bookkeeping programs. Before you start your research, think about considerations such as:
● Payroll support: If you have employees and independent contractors, etc., you’ll need to have payroll support so that you can easily get everyone paid on time with the proper amounts. The right bookkeeping software will prioritize that.
● Invoice control: Invoices can take on different formats and have varying levels of complexity as well. Pick a software program that gives you invoices that you can use efficiently.
● Expenses tracking: From regular business expenses like meals, advertising, and incorporation fees, to those like business-use-of-home/vehicle, the right software is one that makes this easy and simple rather than frustrating and time-consuming.
Top options for small business bookkeeping
Based on how you rank and use the above examples of focuses for your small business, these will offer you a wide selection of purpose-built software choices!
● Intuit QuickBooks: Scaleable in basic to payroll support, this will help you easily format expenses form multiple accounts and can be great when looking to export directly to a tax program if you do your own taxes.
● FreshBooks: This platform is recommended for those that really need advanced and unique invoice features that most options don’t have. For those that work a lot of independent contractors, this will be especially helpful. This doesn’t have payroll or inventory management options, however.
● Sage: While this does cost a bit more than the other options, it has great scalability, making it perfect for those that have all intentions of growing as their business does. It also has a great inventory management system and great customization for making sure that our specialized business can seamlessly work with it.
● GoDaddy: This isn’t as popular as the other options suce it doesn’t focus on the idea of bill payments, it is great for estimating tax details and works directly with PayPal, Etsy, eBay and Amazon. Great for those that focus on a lot of eCommerce.
Pick the one that works best
The secret to any of these, along with the other options, is that there is no such thing as the “perfect” one, generally speaking. The whole idea is to find the one that works best for you as a small business. What works best for you may not work best for someone else reading this, after all. So, pick the choice that is going to feel like the best one for your business’ needs.
There are options out there that will offer you exactly what you’re looking for as a small business. You simply have to make sure that you are always ready to know what you’re looking for, and the importance of not stopping until you find just the right choice for you.