Best Accounting Software for Small Businesses 2023

What is Accounting Software?

Accounting software offers features for tracking the revenue and expenses of a business. The best small business accounting software has a wide range of reports that allow you to analyze the financial health of your business,

as well as dashboards that provide an at-a-glance overview of key financial aspects like accounts receivable, accounts payable, historical sales data and cash flow. Small business accounting software is also useful for tax management, ensuring you’re accurately estimating all your tax liabilities and saving money accordingly.

The best accounting software integrates with other key business systems like payroll software and HR software, eliminating the need to enter the same data manually in multiple systems.

Best Accounting Software of 2023

• Xero:Best for Payments
• Intuit QuickBooks Online:Best for Small Businesses
• Oracle NetSuite Accounting Software:Best for Advanced Features
• FreshBooks Accounting Software:Best for Invoicing
• Zoho Books Accounting Software:Best for Microbusinesses
• Melio:Best Accounts Payable Tools
• ZarMoney:Best for Inventory Management
• Plooto:Best for Accounts Payable
• Wave Financial:Best Free Accounting Software
• Sage:Best for Basic Features
• Neat:Best for Receipt and Expense Tracking

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• Small business accounting software is key to managing your finances, making smart spending decisions, and complying with tax and accounting regulations.
• The best accounting software balances reconciliation, reporting, invoicing and bill pay features with accessible pricing and intuitive user interfaces.
• Dozens of great small business accounting software options are available, but testing a few that could fit your business will reveal the right one for your needs.
• This article is for small business owners searching for small business accounting software.

Small business accounting software offers features for tracking the revenue and expenses of a business. The best accounting software for small business offers a wide range of reports that allow you to analyze the financial health of your business, as well as dashboards that provide an at-a-glance overview of key financial aspects like accounts receivable, accounts payable, historical sales data and cash flow. Small business accounting software is also useful for tax management, ensuring you’re accurately estimating all your tax liabilities and saving money accordingly.

The best accounting software integrates with other key business systems, like payroll software and HR software, eliminating the need to enter the same data manually in multiple systems. We reviewed dozens of the most popular accounting software platforms available today and narrowed it down to the best 11 options. Cost, ease of use and setup, customizability, key features, and ideal use cases were among our top considerations.

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Small business accounting software can assess your company’s financial health, manage taxes, review key financial aspects, and help you make sound financial decisions.

Accounting software is an essential ingredient for a successful business. Depending on the program, it can help you create professional invoices, record incoming and outgoing payments, identify and follow up on past-due receivables, streamline tax management, and run reports that analyze your company’s financial health and project for the future.

To help you find the best accounting software for your small business, we examined some of the most popular platforms on the market today. We looked for affordable, easy-to-use accounting programs that included time-saving features, such as automated bank feeds, automatic payment reminders, and online invoicing and payment acceptance. We also searched for software with comprehensive, customizable, real-time financial reporting because that is crucial for monitoring and understanding your business finances.

Compare Our Best Picks

Our Top Picks for 2023	XeroVisit Site	Intuit QuickBooks OnlineVisit Site	Oracle NetSuite Accounting SoftwareVisit Site	FreshBooks Accounting SoftwareVisit Site	Zoho Books Accounting SoftwareVisit Site	Melio	ZarMoney	Plooto	Wave Financial	Sage	Neat
Rating	9.0/10	9.5/10	9.0/10	9.0/10	8.5/10	8.0/10	9.0/10	9.0/10	8.0/10	9.0/10	7.5/10
Use Case	Tracking and paying bills	Small businesses	ERP tools	Invoicing	Microbusinesses	Free accounts payable	Inventory management	Automating accounts payable	Free option	Basic accounting features	Receipt management
Starting Price	$13 per month	$15 per month	Custom	$8.50/per month	$15/per month	Free	$15 per month	$32 per month	Free	$10 per month	$16.66/month (annual prorated)
Free Trial Period	30 days	30 days	14 days	30 days	14 days	N/A	15 days	30 days	N/A	30 days	14 days
Mobile Applications	Yes	Yes	Yes	Yes	Yes	Yes	No	No	Yes	Yes	Yes
Integration Options	Yes	Yes	Yes	Yes	Yes	Limited	Yes	Limited	Yes	Yes	Yes
Bill Pay Tools	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	No
Review Link	Read Xero Review	Read Intuit QuickBooks Online Review	Read Oracle NetSuite Accounting Software Review	Read FreshBooks Accounting Software Review	Read Zoho Books Accounting Software Review		Read ZarMoney Review	Read Plooto Review	Read Wave Financial Review	Read Sage Review

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Our Reviews

Xero: Best for Payments

Xero

• Xero offers thousands of app integrations with which to manage all aspects of your business.
• You can access Xero support services via email and live chat 24 hours per day.
• You must file a support ticket online to request a customer service phone call.

Editor’s Rating:9/10

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We chose Xero as the best accounting software for tracking and paying bills. Xero enables you to maintain excellent relationships with your suppliers and creditors while avoiding costly late fees. With Xero, you can be sure that your cash flow is positive so you don’t come up short when it’s time to pay. On the user-friendly, customizable dashboard, you can see when each bill is due and review your invoices. The spare interface gives an immediate picture of your business’s financial position. You can view costs as they happen in real time, then make instant modifications.

Since Xero is cloud-based, you don’t need to download or install any programs. It offers professional double-entry bookkeeping functionality, so your transactions will be entered as a debit as well as a credit. This software also saves you time because you can schedule upcoming payments and batch pay suppliers in advance, automating a process that is typically manual. The new Hubdoc service allows you to capture data from bills and receipts. This further reduces your workload by eliminating manual data entry.