Selecting the best small business accounting software for your company can be confusing for most entrepreneurs. However, staying on top of your small business bookkeeping is important to your business financing.
Whether you keep your books on paper, through computer software, or hire an accountant or bookkeeping expert, proper bookkeeping can make a tremendous difference in the long-term success of your business. While the accounting needs of a startup will vary drastically from that of an established small business, we asked entrepreneurs to share their favorite accounting apps and here’s what they had to say:
“Our company is a big fan of LessAccounting, which is a web-based app, and also an iPhone app, that works hand-in-hand with PayPal. And just like PayPal, the app has the capability of connecting with banks and credit card accounts. LessAccounting fits the ‘less is more’ phrase perfectly because it’s catered to small businesses. The fewer employees and fewer numbers you have to crunch, the more you’ll get out of the app.”
– Ian Aronovich, CEO of GovernmentAuctions.org: @govtauctions
2. Wave Accounting
“After reviewing a few of the options around, I have settled on using Wave Accounting. It’s simpler than other options, automatically pulls in my accounting statements for my business, and best of all it’s free. I found it just as full featured as Quickbooks online, but simpler and more intuitive to use. I hate accounting and the Wave app helps me get it done painlessly and free.”
– Patrick Chukwura, Founder of Joppar.com: @PatrickChukwura
“My favorite app is actually connected to an accounting software called Xero.com. I love the ability to categorize and record my accounting transactions, take pictures and store my receipts all in one little app. The ease of this app makes my accounting work so much easier.”
– Gabrielle Luoma, CPA, CGMA, Owner of GMLCPA, Pllc.: @GabrielleLuoma
“Our favorite accounting and finance management mobile app for small businesses is Intuit’s QuickBooks. We use it to track all our expenses, whether it’s payroll, taxes or purchases, and we also use it to organize our income, tax and bank information. The app also provides automated invoicing, billing and reporting, with a great payroll service that simultaneously handles employee payments and tax reports. QuickBooks is reliable and has an easy-to-use interface that comes with all the necessary accounting functions a small business requires. In comparison to most accounting software, QuickBooks is balanced between power and cost.”
– Michael Pesochinsky, Co-founder and VP of GovernmentBargains.com: @govbargains
5. Harvest, LessAccounting, Sage 50 and Mint
“As an accountant that works with entrepreneurs I have tried many accounts apps through the years. Here is a list of my favorite: a) Harvest [is] excellent for time tracking and accounts receivable b) LessAccounting [is] great for service-based businesses to track their income and expenses c) Sage 50 [is] for companies that have more complex [accounting] needs [and] d) Mint [is for] entrepreneurs to manage personal finances — [which are] very important. Mint can help them budget and plan, personally.”
– Michael Carney, CPA, President and Founder of MWC Accounting: @mike_carney
What is your favorite small business accounting app? Let us know in the comments section below.
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