6 Best Accounting Software for a Small Business in 2024

ZarMoney is a comprehensive accounting solution that can meet the needs of any small business owner. It’s completely cloud-based and supports useful integrations that you can implement into your business.

With this platform, you can create and send your invoices almost instantly by populating the template fields with customer data from your database. Plus, your digital invoices will have a “Pay Now” link that your customers can use to pay directly from the invoice.

ZarMoney effectively simplifies your billing management and recurring payments. It also provides automatic bank integration and advanced inventory management.

Furthermore, other features that make ZarMoney a great enterprise accounting software are the easy generation of printable quotes for your customers, automated sales tax calculation, multiple user access support, and bank account reconciliation.

As far as pricing is concerned, ZarMoney is available in three tiers, ranging between $15.00 and $350.00 per month. Keep in mind that the price of your subscription will increase as you add more users from your company.

QuickBooks is another popular solution that offers accounting for small business owners. It will simplify your bookkeeping. That’s why QuickBooks Live is one of the best online bookkeeping services today.

It also helps you oversee and manage many accounting needs of your business. You can even organize all of your bills online to make sure they’re paid on time, and you can create professional-looking invoices for free.

In addition, you can keep track of your inventory, knowing what’s in stock in real-time. QuickBooks also helps you monitor back orders and notifies you with low-stock alerts.

If you’re a small business, QuickBooks is worth looking into. There are four plans, ranging from $17.50 to $126.00 per month, so the tool offers good flexibility in terms of prices that can match your needs and the size of your business. 

When evaluating finance software, the ability to deal with tax compliance is of vital importance, and Quaderno is one of the leaders in this category.

A simple yet powerful tax management tool that can automate your business’s compliance, Quaderno is primarily designed to optimize your processes when dealing with sales tax.

The software integrates seamlessly into your existing system and performs well with many leading e-commerce platforms, such as Amazon, Shopify, and WooCommerce, which collectively had a market value of $26.7 trillion in 2021.

It also works well with payment processors, such as PayPal, which has nearly 500 million users.

Quaderno calculates the appropriate tax rate on every customer transaction by verifying the location of the buyer, applying the accurate tax calculation, and adding it to the transaction at checkout.

The platform provides dashboards that show real-time revenue data and the tax obligations of the business anywhere in the world at any time. Finally, it also generates reports that enable you to file your business tax returns quickly.

To use this software for accountants, you’ll need to choose between four plans, ranging from €29.00 to €149.00 per month.

Developed by Zoho, a company known for its web-based tools, such as cheap website builders, task management software, etc., Books is the company’s take on professional online accounting software.

It lets its users manage finances, automate workflows, and collaborate across different departments that comprise an average small business in tech.

It’s a tool that allows smooth end-to-end accounting and collaborative role-based access. You can create invoices and payment reminders, generate and send purchase orders, upload expense receipts, and keep track of all payments. 

As with any good accounting software for a small business, Zoho Books lets you monitor your inventory at all times, import your bank statements to your accounting software, manage multiple projects, and track the time spent on each one.

You can also keep, edit, and manage all of your contacts in one place. Plus, the software offers over 50 different business reports that you can schedule or generate when needed.

As far as prices go, Zoho Books offers three paid plans, ranging from $15.00 to $60.00 per month.

TruPoint offers accounting, tax filing, payroll, and even business development, all through a simplified design.

You can do monthly, quarterly, and yearly bookkeeping, keep track of all your business transactions, import your bank statements, and prepare your financial statements.

If you’re just starting out, TruPoint will help you set up your bookkeeping system so everything can run smoothly from the get-go.

At the end of the year, TruPoint generates a customized Financial Package organized in a way that will help you file your taxes easier. This option is free for yearly bookkeeping clients.

Another great feature of this online-based accounting software is the availability of an expert team ready to help and even train you on how to do your bookkeeping.

Trupoint’s pricing differs according to the specific accounting service you want to obtain. For example, a QuickBooks subscription is $76.00/month. If you want to hire an accountant, it’s for $78.75/hour. 

If you want a full accounting setup and support, it’s $157.50 for a one-time payment, and so on.

Sage is another great pick among the top accounting software for small business owners. It offers all the essential bookkeeping features through a simplified setup, which makes it a great solution for smaller businesses. Its UI is highly intuitive and fast-loading.

As a solid accounting software, Sage can also help you keep your tax compliance in check at any time, which significantly reduces the risk of having any back taxes to worry about.

The platform will manage and track your invoices, help you get paid on time, and keep your cash flow in check. Creating, sending, and tracking invoices is automatic, which will save you a lot of work.

Stripe integration is another useful feature that makes getting paid through it easier and more secure. Additionally, you can connect your bank account and track all expenses directly. 

You can save time by snapping and posting invoices and receipts with AutoEntry. That can help you stay up-to-date with all your accounts in real-time through a powerful user dashboard.

To use this cloud accounting software, you have to choose one of two plans, which cost $10.00 and $25.00 a month, making this service one of the most affordable ones on our list.