Neat offers several key features, including extensive document management features, its patented optical character recognition (OCR) software and its mobile application. ZarMoney is a customizable software built for businesses that need flexibility and precision. At its core, it offers dynamic invoicing capabilities allowing businesses to generate bespoke online invoices tailored to their specific requirements. This adaptability extends to bank connections, integrating with over 9,600 financial institutions across the U.S. and Canada. This ensures that businesses have a singular view of their finances, with the ability to review, edit and reconcile records efficiently. I didn’t have to spend time trying to figure out where features were because they were in intuitive places within my navigation process.
What is better: QuickBooks or Xero?
Once you’ve landed on the custom reports you need, you can view, print or export them using Excel, email, pdf format, text or html format. In addition, AccountEdge offers a free account for your accountant so they always have real-time access to your reports. Once I filled in the form using drop-down selections or by manually entering text into the field, I simply had to click “approve and email” to send it. The one thing FreshBooks is missing is inventory management, so if you’re selling physical goods, another alternative like Zoho Books or Xero might be a better option. Other than that, FreshBooks is perfect for any business selling digital services. Additionally, FreshBooks features project and team management functionalities, lets you easily track billable hours, facilitates client communication and collaboration, and lets you run payroll for your team.
Traditional Accounting Software vs Cloud-Based Accounting Software
For example, when you click “projects,” you are given the option to go to your list of projects or a report of staff cost rates. This tool allowed me to start a timer and allocate the time to a client or project and even specify the tasks worked on cloud accounting during the logged time. At the top of this time tracking screen was a “generate invoice” button that allowed me to bill for logged time by quickly finalizing an invoice that was already almost completely pre-populated with necessary information.
General Features
We reviewed several cloud accounting software providers using a detailed methodology to help you find the eight best payroll services for small businesses. Our ratings considered factors that included starting price, price range, multiple essential accounting features, reviews by actual customers and scoring by our panel of experts. OneUp earns a 3.7 out of five-star rating on Capterra with six user reviews and 4.1 stars on G2 with 20 reviews. While it has very few user reviews, users who posted say that it is an easy-to-use solution with task tracking and lead capturing tools. They also appreciate the friendly, responsive and knowledgeable customer service OneUp offers. However, it doesn’t offer time tracking of payroll features, creating fewer efficiencies than some competitors provide.
The Xero Accounting mobile app works in tandem with the Xero accounting software so you can run your small business online from anywhere. Keep track of your unpaid and overdue invoices, bank account balances, profit and loss, cash flow and bills to pay – plus reconcile bank accounts and convert quotes to invoices. If your business relies on sending invoices and accepting payments, then definitely check out FreshBooks.
- That said, other tools might be a better fit for certain types of business.
- With less time spent on data entry, you have more time for the things you like most about small-business ownership, whether that’s getting to know customers or making products you’re proud of.
- Users can also integrate QuickBooks Payments, with a variable fee of 1-3.5% per transaction.
- FreshBooks is great for self-employed individuals, sole proprietors and independent contractors.
Zoho Books — Best for Retailers and E-commerce Businesses
- This also means you can log into your account and handle your business’ finances anytime, from anywhere.
- QuickBooks Online is the most popular cloud accounting software solution, particularly among small to medium-sized businesses and accounting professionals.
- In other words, doing accounting by hand is possible—but it’s also more complicated, time consuming, and error-prone.
- Zoho, for example, is accounting software with a free invoice platform that allows you to bill in multiple currencies.
- However, they say that solving an issue can be time-consuming and frustrating.
- Sure, QuickBooks could be the best software for your small business, or you might find its prices too high and its features too limited.
- Users say it is extremely easy to use and has all the basic features needed to manage small business accounting needs.
- Accessing all included tools using the left-hand menu was easy, as it’s a menu that is always present no matter where I navigated on the platform.
- We focused on five distinct categories using 25 separate metrics to arrive at our ratings for the best providers.
- Businesses that provide services, rather than goods, should consider the QuickBooks Essentials plan.