Bookkeeping tends to be one the more dreaded functions a business owner faces, though also a necessary evil. Keeping track of your finances is critically important for so many reasons.
Luckily for those who are not accounting savvy, there exists some incredibly helpful accounting and invoicing software to help you get through the bookkeeping process with relatively minimal pain. Here, we?ll recommend a few options that are top of the market and most intuitive for small to medium sized business use.
QuickBooks. QuickBooks is what many would consider to be the premier software for handling your accounting needs. Pay your bills, invoice your customers, manage and reconcile payroll, accept credit card payments, and run highly in-depth reports on the financial health of your business all from one clean interface.
Be sure to look for a version of QuickBooks that is relevant to your business, as there are numerous that exist. For example, QuickBooks has software specifically for manufacturing and for restaurants. There may be one that is available which pertains specifically to your own line of work.
QuickBooks also happens to be compatible with a lot of other software that you may use on a day to day basis, including CRM systems like Salesforce, payroll systems like ADP, and a host of other more industry-specific software.
Sage 50. Sage 50 is known to have a better inventory management setup than that of QuickBooks, as well as more robust reporting. Otherwise, most features are the same when it comes to cover things like bill pay, invoicing, and the basics of business accounting.
Like QuickBooks, Sage also has industry-specific software, including solutions for construction, distribution, manufacturing, and nonprofit industries. Sage 50 is best for companies under 50 employees, and has a free 30-day trial available. They also offer live chat for real-time customer service, which is a rare find and particularly useful during the setup process.
Stop doing your bookkeeping the cumbersome way, and leverage accounting software to save time and headaches
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Bookkeeper. This software is another great one for small businesses, and has a very helpful Startup Wizard that is great for businesses that are using accounting software for the first time. Bookkeeper includes all of the important functions like invoicing capability, reporting capability with over 125 customer reports, bill pay, and all the other core accounting functions essential for running your business.
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So don?t let bookkeeping woes allow your business to fall behind. By implementing the right accounting software into your business processes, you can save yourself not only a great deal of hassle, but also a great deal of time. You?ll also wind up being far more organized in the long run, with quick reporting options to look at the overall health of your business ? who owes you money? Whom do you owe money? What are your margins?
Get back to the things you?d rather be doing ? save time with accounting software!
Calculations like these are no longer cumbersome with the right accounting software. Make sure to get a demo of at least a few different accounting software options before making your decision, to find the fit that is right for you by comparing your options side by side. To review a side by side comparison of some of the best accounting software out there, check out this great review.
Do you have great accounting software to recommend? We?d love to hear about it!
Cara Aley is a freelance writer who covers a wide variety of topics from digital marketing strategy to online reputation management.
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