Most people are aware of either Peachtree/Sage or QuickBooks which are both great accounting software. However most clients prefer QuickBooks stating it’s more user-friendly. The bottom line is proper accounting records which they both produce. How do you record your business records?

 

Invoice Ninja which is FREE.

It is suitable for Startup Business. You can send your prospective client an invoice, quote or a receipt. You get Live Support and easy to export to excel. Most importantly it is FREE.

 

OneUp which is $9 US per month

It is suitable for Small Business.

Pros – Double Entry, Customers/Vendors portal, Training Available, Live Support, Mobile Access, Exports to Excel and exports to excel.

Cons – Major A/R/ and A/P transaction Forms, Document Management, integrates with CRM, Inventory tracking, Time Tracking, import capabilities, Payroll and taxes are not applicable as it only relevant in US states.

 

Zoho Books starts at $ 9 US, $19 US & $29 US per month

It is suitable for Small Business.

Pros – Double Entry, major A/R/ and A/P transaction Forms , Customers/Vendors portal, Inventory tracking, Time Tracking, integrates with CRM , Mobile Access, Exports to Excel, Live Support, import capabilities and Time Tracking.

Cons – Document Management, Payroll and taxes are not applicable as it only relevant in US states and Training is unavailable.

 

GoDaddy Bookkeeping starts at $5US; $10 US and $15 US per month

At the last two ranges, you can import data from Paypal, eBay, Etsy and Amazon. If you do use these sites it’s a great plus.

Pros – Mobile Access, Time Tracking, Live Support, Import capabilities and exports to excel

Cons – No Double entry, major A/R/ and A/P transaction Forms, Customers/Vendors portal, Inventory tracking, training available, document management, Payroll and taxes are not applicable as it only relevant in US states, and integrates with CRM.

 

Xero start for 30 days free. packages starts at $12US; $34 US and $65 US per month

It is suitable for Small Business.

Pros – Double Entry, major A/R/ and A/P transaction Forms , Customers/Vendors portal, Inventory tracking, Training Available, integrates with CRM , Mobile Access, Exports to Excel, Document Management, import capabilities and exports to excel.

Cons – Live Support, Time Tracking, Payroll and taxes are not applicable as it only relevant in US states.

 

FreshBooks start for 30 days free then pay $15 to $50. The range various by the amount of access you will have to bill clients.  The most expensive being unlimited and you can add up to one staff member.

It is suitable for sole proprietor not small business.

Pros – Time tracking, customers/vendors portals, inventory tracking, training available, integrates with CRM, import capabilities and exports to excel.

Cons – No double entry, major A/R/ and A/P transaction Forms, Document Management, Payroll and taxes are not applicable as it only relevant in US states and mobile access.

 

Intuit QuickBooks Online Plus starts for 30 days free then pay $16, $25 and $34 US per month. The higher prices include more users and built-in business reports.

It is suitable for small business.

Pros – Double Entry, Mobile Access, Time Tracking, Customer/Vendor Portals, Inventory Tracking, Training Available, Document Management, Integrates with CRM, Import Capabilities and export to excel.

Cons – All major A/R/ and A/P transaction Forms, Live Support, Payroll and taxes are not applicable as it only relevant in US states.

 

Sage Live starts for 30 days free the pay $10 and $25US per month. There is a business and full users variance as well as number of users.  You also have to pay for upgrade to premium which is the last option.

Pros – Mobile and Online Access, 1,000 users, multi-company support, multi-currency, CRM integration, time tracking, consolidation of accounts and accountant online access

 

For more detailed please check the following:

http://www.pcmag.com/article2/0,2817,2458748,00.asp

 

Advantage of Accounting Software:

  • Helps you record entries, cut cheques, analyze reports; reconcile your purchase orders and invoices.
  • Let customers pay as they please so you get paid faster by using accounting software to take payments and automatically record transactions.
  • Even small businesses, accounting software makes it easier to submit, manage, process, approve and access expenses – saving you both time and money
  • Whether you’re tracking, replenishing, re-pricing or just balancing inventory costs and benefits, accounting software makes it easy to find and use the information you need.

 

Benefits of accounting software to you and your organization:

  • By automating what are typically manual process, accounting software helps you get more work done in less time
  • Once it’s set up, accounting software reduces the likelihood of errors. Automatic calculations and common sets of data mean fewer mistakes.
  • With virtually instant reporting and analysis, you can quickly see the BIG picture. Accounting software gives you information to act on.
  • Saving, organizing and retrieving your financial data is much easier with accounting software.
  • With accounting software, it’s easier to run scenarios and forecast your cash needs now and into the future.
  • Recording bills and taking payments, writing cheques, tracking credits and returns even analyze your vendors to negotiate the best prices.

 

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