As an entrepreneur, you probably have a lot on your mind, from meeting client requirements to keeping the employees happy. But one of the most daunting tasks is managing the finances. While large companies can afford a team of accountants and complex Enterprise Resource Planning (ERP), efficient accounting software is more than enough to handle your requirements if you’re a small business owner. This software helps you ensure that all your bills are paid on time, keeps track of your income and expenses, and helps manage the daily business operations.

Here are some of the top accounting software in the market to help kick-start your business.

QuickBooks Online
Intuit’s QuickBooks is rated as one of the top accounting software by many websites, and it brings all accounting features on a single dashboard for convenient and efficient financial management. It is easy to use, and the software allows for efficient book-keeping. QuickBooks also offers online training resources and discussion forums for support. The cloud-based software also eliminates the need to worry about storage issues and access. Plus, it’s scalable, so it can organically grow with your expanding business. After the 30-day trial period, you can pick one of their four plans. Service-based businesses can go for the Simple Start plan costing $25 a month, while product-based companies might benefit from the Essentials or Plus plan, costing $50 and $80 per month, respectively. The Advanced plan, priced at $180, is suitable for those who require financial reports and is ideal for large companies.

FreshBooks
Service-based industries have a constant need for invoicing, and FreshBooks offers the most customization in this area. While the software focuses primarily on sending, receiving, and paying invoices, it has all the necessary book-keeping features for a small business. If you run a service-based business, this is a one-stop destination to meet all your accounting needs. The software allows you to send proposals and invoices, receive payments, collect retainer fees, request deposits, and even track ongoing projects. It is also cost-effective, with plans starting at just $15 a month. The advanced Select plan allows you to set up the account with customized onboarding services. The company is currently offering 60% off for the first 6 months, which is a notable monetary advantage. FreshBooks is a cloud-based software with a user-friendly interface that you can integrate with over 100 third-party apps. And the FreshBooks mobile app allows you to connect with your clients and manage your finances on the go. That said, the major disadvantage is there is no scope for managing inventory and payroll on this accounting software. Yet, for the price point and bearing in mind that the software focuses on invoicing, it is one of the top options available in the market.

Zoho Books
Though Zoho is not a dedicated financial service, it offers a wide range of productivity applications, all of which can come in handy for your business in various ways. Zoho Books is an excellent choice for small businesses looking for cloud-based accounting software. One drawback associated with this accounting software is that the integrated payroll feature is limited to certain states. However, Zoho Books has many advantages to offset this. The software is easy to use and efficient, and it has a high degree of flexibility and depth. It provides access to an excellent user interface and mobile apps. The company offers a free plan for businesses with less than $50K per annum revenue, and the paid plans start at just $25/organization/month billed annually. It might be interesting to note that large companies also consider Zoho Books as it supports business growth.

Be sure to explore your options and compare the features of each one before signing up for a paid accounting software.