Top 5 Accounting Software For SMBs

accounting

If you own a small business, you can likely benefit from using accounting software made for the typical SMB. There are so many programs available that it’s hard to choose the best one.

In general, accounting software will reduce your stress by increasing your efficiency. These five programs will do just that.

1. Sage 50

According to Small Business Computing, the popular Peachtree program has been replaced with Sage 50, which is sure to be just as effective. That’s because it saves business owners time and trouble by offering easy online bill pay, monitoring of cash flow, management of an unlimited inventory, and invoicing.

SEE ALSO: 6 Factors to Consider When Selecting Accounting Software

Additionally, you can customize the user interface so that you instantly see the features you most often use. That’s about as helpful as another major advantage of this program, which is the breakdown of key performance metrics like your top few expenses or best customers.

2. FreshBooks

This small business accounting program may be right for your SMB if you want a cloud-based option so you do not have to purchase a disc. According to Business News Daily, FreshBooks is perfect for business owners who want to get paid quickly, since it offers credit card processing, recurring invoices, and even reminder alerts for late payments.

You can also use FreshBooks to manage your business expenses, track your time, and calculate tax rates. Of course, as a cloud-based program, you can easily access FreshBooks from your smartphone or tablet, too.

3. Kashoo

The Daily Mail reports that the cloud-based Kashoo is great for small business accounting needs because of its range of bookkeeping tools. The main features include the ability to track expenses, accept payments, create invoices, print checks, and more. But what really sets this program apart is that it can do all this in a variety of currencies, all while updating exchange rates and keeping you informed on tax rates. So this program is a must if you do business on an international level.

4. QuickBooks Pro

TopTenReviews has rated this as the number one small business accounting software option. That’s mainly due to the ease of use among both beginners and professionals in accounting. After all, most accountants are very familiar with this program, which is an advantage if you ever need one to look over your numbers using QuickBooks Pro.

SEE ALSO: Linking Your Retail Payment System With Your Accounting Software

AOf course, this program offers all the necessities, including help with payroll, customer management, purchase orders, inventory management, and online banking. Due to its popularity, you can also easily find an add-on when you need to start accepting credit card payments or offering direct deposit.

5. AccountEdge Pro

This is another accounting program that comes highly recommended by TopTenReviews. With this software, you get tools for customer management, unlimited inventory management, and payroll processing, to name the basics. One major benefit of AccountEdge Pro is that you will get all the features you need with just one purchase rather than having to buy them separately. That alone should make it appealing enough to look into.

RELATED: Bookkeeping 101 for Small Business

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About The Author

Mike is a VoIP and small business enthusiast. He enjoys freelance writing and blogging in his free time.