Whether you are running a clothing store, construction company, or a restaurant you need to manage payroll, invoicing, and taxes –basically accounting. When managing a small business, one dabbles in a lot of domains and if you don’t have a mathematical bone in your body the job gets more difficult. Sooner or later you have to invest in accounting software, the one that will help manage cash flow and payrolls of your small business. Let small business loans cover the expenses of subscriptions.

You don’t have to flaunt your faulty accounting skills and wreck your financial records and books. Save yourself a visit from the IRA, and start exploring possible options. We understand how laborious it is to track expenses, and fashioning a line between personal and business taxes.

No one in the history of small business has ever stated that he/she love carrying accounting tasks, and this is not going to change anytime soon. So, pay your regards to the genius minds that come up with free and paid accounting applications. All you got to do is enter some data and then sit back and watch the applications do their magic.

Here are a few accounting tools that might help you in running your small business a bit easily:

  • QuickBooks Online

It is the Rolls-Royce of the accounting world, it offers multiple features of bookkeeping. QuickBooks have made the whole ceremony simple, you can select and pay for a specific domain –invoicing, payroll, inventory tracking, and due bills of suppliers and vendors.

Another perk of this app is that you can connect this to your current bank account, and all the billing detail summary will be transferred into your QuickBooks account. Isn’t this time-consuming? These digital accounting applications give you a chance to exhaust your energy somewhere else.

Furthermore, if you are still doubtful about its features you can take it for a test run before subscribing for a paid version. We assure you, this software will pass every test with flying colors, so subscribe and make your life easy. All you got to do is pay from $15 to $40 per month, depending on your package.

  • Freshbooks

If your business revolves around freelancing or if it is a service-based business, this is the financial and accounting solution that you have been looking for! This tool comes with built-in cash flow and expenditure management and time-sensitive metrics. Most people use it for a quick invoice financing solution.

Let’s say, you have a customer who always forgets to make payments on time and you have to remind him again and again. Now, you don’t have to worry about that problem, FreshBooks will send an automated reminder to your customers regarding payments and that too followed by a due timeline.

FreshBooks value their customers a lot, so if you are stuck somewhere notify them and they will rescue you. In order to avail all these benefits, you have to pay $15-$50 per month, varies for each package. The price is a bit high, but keeping the said perks in mind it is worth it.

  • Xero

Looking for accounting software that lets you send automatic quotes and invoices? We present you ‘Xero’. This also gives you an option to carry out purchase orders to your vendor or supplier at an affordable price, although this serves best when you are selling your products on online and offline domains.

Running a successful business is all about growing and engaging with new people each day every day. Luckily apart from the above-mentioned perks Xero also offers a “Xero Champions Directory”, this gives you a remarkable opportunity to connect with accountant and bookkeepers from around the globe. Some from retail, some from professional services from your industry and from other markets as well. Get rid of the accounting weight from your shoulders and pay $9 to $70 for these benefits.

If you think your small business can’t afford these prices and you don’t want to take shelter under small business loans then we have another solution for your problem. There are a couple of free accounting tools in the market, study them and take help from the ones that satisfy your needs.

For example:

  • GnuCash

GnuCash is available for free on Windows, macOS, Andriod, and Linux. Use this wonder to boost your payroll structure and it allows you to pay and get cash from multiple currencies. Apart from these features, it handles payable and receivable accounts, cards, employee expenses, and credit notes.

Look over all these accounting applications and save your time and energy. These are user-friendly so let them take over the accounting business.

Want to know more about accounting tools and gadgets? Head over to our website and read our blogs for tips and tricks. And while you are at it, if you change your mind, do apply for a small business loan to cover your financial problems. For daily updates, you can follow us on Twitter (@Onlinecheck) and Facebook (@Onlinecheck). If you have any query feel free to call us on our toll-free number at (833) 827-4412, our experts will guide you.

Small Business Financing News │ Merchant Advisors | blog
Must-Haves Accounting Softwares for Small Business
Must-Haves Accounting Softwares for Small Business
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Small business accounting softwares play a vital role in managing your finances. Here are few must-haves accounting softwares for 2019.
Merchant Advisors
Merchant Advisors