Comparison of Top 6 Cloud Accounting Software for Small Business

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According to the US Bureau of Labour Stats, around 20% of the small business fail before completing the second year.

One of the primary reason for the failure of small business is ineffective money management and accounting operations.

Reliable accounting software can help small businesses to be on the 80% side of the statistics.

Check out the brief comparison among Cloud Accounting software that small businesses should use based on their pricing and functionality.

1) Xero- It is a cloud accounting software with tools for managing inventory, bills, purchasing, invoicing, bookkeeping, bank reconciliation, and many more.

2) QuickBooks Online- Small business owners can use Quickbooks Online to manage sales and income, keep track of bills and expenses, gain insights into business, track inventory, accept online payments, and much more.

3) Kashoo- It is simple online accounting software for small business. Double data entry one of the problems with Kashoo, but still it is an easy to use accounting software.

4) Wave- It is a web-based accounting solution. It has features like payroll management, billing, invoicing, payment tracking, finance management. Businesses can generate various reports like sales tax reports, account receivable/payable statements, and balance sheets.

5) FreeAgent- It helps in managing tax return, expenses, payroll, and other accounting tasks. It automatically sends a reminder to clients for payments.

6) FreshBooks- This software automates accounting processes like invoicing, payment, billing, reporting.

Every accounting software mentioned above has its pros and cons. To know the best one for your business, watch this video.

#CloudAccounting #CloudAccountingSoftware #SmallBusiness

More resources-
https://financesonline.com/top-5-accounting-software-small-business-2017/

Comparative Analysis of Top Accounting Software For US Companies

[Infographic] 7 Tips on How to Choose the Right Accounting Software

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