The 5 Best Accounting Software for Small Businesses of 2023


Advanced financial management platform for professionals with a growing business. Some software also complies with tax office rules through formatting invoices automatically so you won’t face troubles during tax season. An accounting software allows you to properly compile and export documents and receipts to your accountant with ease. Properly compiled records also make your accountant’s job easier in taking care of your taxes.


With its Plus, it includes up to five users, and you can track inventory and project profitability for $85 per month ($42.50 per month for your first three months). Xero is accounting software for small businesses that provides users with a complete accounting suite to manage their finances. This accounting application makes it easy to track all your income and expenses throughout the year while also offering support if you need help along the way.

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It’s easy to use and is adaptable for small and larger businesses. It integrates with thousands of apps, including Shopify, which may include services like that Ideal Fulfillment San Diego, Stripe, PayPal, Zapier, Gusto, Authorize.Net, Mailchimp, AutoEntry and WePay. The software also offers a 30-day free trial so you can test it out before you buy.

You need accounting software that tracks the money moving in and out of your business, with both accounts payable and accounts receivable features. Some software solutions don’t include both accounts payable and accounts receivable information. Also, accounting software should connect to your bank and credit card accounts and automatically download your transactions. If your business is service based, you may need project management tools.

Oracle NetSuite Accounting Software: Best for Advanced Features

Each software solution has a unique set of features and pricing models, which are all presented in this guide. The benefits to be had in using each desktop accounting software are also mentioned, plus, the integrations available that ensure flexibility and scalability. Aside from improving the accuracy and speed of invoice data capture, Rossum also helps ensure that workflows are as friction-free as possible. The software automatically notifies senders about their transaction status and if there are data issues that need to be addressed.

  • Users get to avoid manual entry and minimize errors for tasks like creating journal entries and reconciling transactions.
  • Our free small business invoice template gets you paid quickly and easily.
  • There are no trials or hidden fees, and it includes all the key features you need to keep your books accurate and run your business smoothly.
  • This can help you save time and make financial decisions quickly.