7 Best Accounting Software for Small Business in 2024

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In the ever-changing realm of financial technology, small businesses are consistently searching for effective tools to simplify their accounting procedures. For small business proprietors, the past three years have proven challenging. After weathering the peak of the COVID-19 pandemic, you now face significant supply chain challenges. The surge in inflation during 2022 has compounded financial difficulties.

As we head into 2024, the demand for good accounting software is higher than ever before. It's crucial to keep a close eye on your money flow. Using accounting software for small businesses can help you manage your finances better and save time. This guide will look at top accounting solutions made for small businesses, explaining what they offer and how they can make your financial tasks easier.

1. Fincent

Fincent, the ultimate financial management solution for small businesses in 2024, is designed to simplify your entire financial management process. From bookkeeping, accounting, and tax needs, to tracking expenses, and getting paid or paying we've got you covered. Our intuitive interface ensures easy navigation and access to crucial financial data when you need it. Connect your bank and credit card accounts to stay on top of your finances in real-time. With Fincent, say goodbye to financial stress and hello to efficiency and peace of mind.

Why Choose Fincent?

  • Seamless Bookkeeping: Enjoy automated, personalized bookkeeping tailored to your business.
  • Real-Time Financial Insights: Connect as many bank and credit card accounts for instant financial tracking.
  • Tax Made Easy: Comprehensive support from calculations to filings.
  • Effortless Invoicing: Simplify how you get paid and pay others. Attach Add and manage invoices all in one platform.
  • Comprehensive Reports: Generate and download in-depth financial reports for a better understanding of your business.
  • User-Friendly Interface: Spend less time on finances and more on growing your business with our straightforward platform.
  • Reliable Support: Our dedicated team is ready to assist you within 24 hours.

Fincent Accounting Software

Starting Price Free Trial Support Available for Mobile App Customer Ratings
$299/month No Yes Cloud, SaaS, Web-based iOS App G2: 4.6/5

Capterra: 4.5/5

2. QuickBooks Online

In the dynamic fintech landscape, QuickBooks Online has emerged as a game-changer, particularly for small businesses seeking efficient and user-friendly accounting solutions. This cloud-based accounting software, developed by Intuit, has gained widespread popularity for its versatility, intuitive interface, and a myriad of features tailored to meet the diverse needs of small businesses. In this comprehensive exploration, we delve into the key aspects that make QuickBooks Online a powerhouse in the realm of small business financial management.

Why Choose Quickbooks?

  • User-friendly interface: QuickBooks Online offers an intuitive dashboard for easy financial tracking.
  • Comprehensive tools: Simplify invoicing, expense tracking, payroll, and tax prep.
  • Real-time collaboration: Multiple users can access and collaborate seamlessly.
  • Continuous updates: Regular enhancements and new features keep the software current.
  • Integration capabilities: Easily integrate with third-party apps for added functionality.
  • Security measures: Ensure data protection with encryption and multi-factor authentication.

QuickBooks Online

Starting Price Free Trial Support Available for Mobile App Customer Ratings
$20/month Yes Yes Cloud, SaaS iOS and Android G2: 4.0/5

Capterra: 4.3/5

3. FreshBooks

In the land of small business finance, FreshBooks stands out as a beacon of innovation and efficiency. This cloud-based accounting software has gained widespread acclaim for its user-friendly interface, comprehensive features, and commitment to simplifying financial management for entrepreneurs. As we explore the realm of FreshBooks, we uncover the key elements that make it a vital tool for small businesses seeking to streamline their financial processes.

Why Choose Freshbooks?

  • User-friendly interface: FreshBooks offers an intuitive interface, making accounting easy for all users. Access your data from anywhere with its cloud-based system.
  • Invoicing and expense tracking: Create professional invoices and track expenses seamlessly.
  • Time tracking and project management: Manage billable hours and projects efficiently.
  • Seamless integration: Integrate smoothly with third-party apps.
  • Mobile app: Stay connected to your finances on the go.
  • Continuous innovation: Regular updates and responsive customer support ensure you have the latest tools and assistance.

FreshBooks

Starting Price Free Trial Support Available for Mobile App Customer Ratings
$7.60/month Yes Yes Cloud, SaaS, web-based iOS and Android G2: 4.5/5

Capterra: 4.5/5

4. Xero

Xero has established itself as a powerhouse, redefining the way entrepreneurs approach financial management in the field of small business accounting. Here are some of its distinct features.

Why Choose Xero?

  • User-friendly interface and cloud-based accessibility: Xero offers an intuitive interface accessible from anywhere, freeing you from desktop chains.
  • Comprehensive financial tools: Customize invoices effortlessly and track expenses seamlessly.
  • Real-time collaboration: Collaborate with your team simultaneously, streamlining communication.
  • Automated features: Xero automates tasks like transaction imports, saving time and reducing errors.
  • Scalability and flexibility: Grow your business with Xero's adaptable features.
  • Security measures: Xero prioritizes data protection with encryption and multi-factor authentication.
  • Continuous innovation and support: Stay updated with regular improvements and access a wealth of support resources.

Xero

Starting Price Free Trial Support Available for Mobile App Customer Ratings From G2 & Capterra
$13/month Yes Yes Cloud, SaaS iOS and Android G2: 4.3/5

Capterra: 4.4/5

5. Zoho Books

Zoho Books is a comprehensive and user-friendly solution that caters to the diverse needs of entrepreneurs in the world of small business finance. Let's dive into what makes Zoho Books a standout player in the game of business finance.

Why Choose Zohobooks?

  • User-friendly interface: Zoho Books offers an intuitive design for easy navigation, even for non-accountants.
  • Cloud-based accessibility: Access your financial data anytime, anywhere with Zoho Books' cloud-based platform.
  • Effortless invoicing: Create professional invoices and automate reminders for timely payments.
  • Simple expense tracking: Easily categorize and monitor expenses with automated bank transaction imports.
  • Seamless project management: Integrate with project management tools to track time and collaborate efficiently.
  • Integration flexibility: Connect with various third-party apps for a cohesive tech ecosystem.
  • Scalability: Zoho Books grows with your business, offering tailored features as you expand.
  • Robust security: Ensure data protection with encryption and multi-factor authentication.
  • Continuous support and innovation: Stay updated with new features and access support resources when needed.

Zoho Books

Starting Price Free Trial Support Available for Mobile App Customer Ratings From G2 & Capterra
$15/month Yes Yes Cloud, SaaS, web-based iOS and Android G2: 4.5/5

Capterra: 4.4/5

6. Wave

In the vibrant landscape of small business accounting, Wave has emerged as a reliable companion for entrepreneurs seeking simplicity and efficiency in their financial management. Let's take a closer look at what makes Wave stand out in the world of business finance.

Why Choose Wave?

  • Intuitive design: Wave's user-friendly interface simplifies navigation for users of all levels.
  • Cloud-based freedom: Access financial data anywhere with Wave's cloud platform.
  • Easy invoicing: Customize and track invoices effortlessly with Wave's templates.
  • Effortless expense tracking: Sync transactions automatically from bank accounts for streamlined expense management.
  • Simple payroll: From tax calculations to direct deposits, Wave simplifies payroll tasks.
  • Automated reconciliation: Wave automates your bank reconciliation, ensuring accurate records effortlessly.
  • Budget-friendly: Wave offers essential accounting features for free, ideal for small businesses.
  • Mobile convenience: Manage finances on the go with Wave's mobile app.
  • Enhanced security: Wave ensures data security with encrypted storage, providing peace of mind.

Wave Accounting

Starting Price Free Trial Support Available for Mobile App Customer Ratings
$16/month Yes Yes Cloud, SaaS, web-based iOS and Android G2: 4.4/5

Capterra: 4.4/5

7. Bench Accounting

In the dynamic landscape of accounting software, Bench Accounting emerges as a frontrunner, offering a comprehensive solution tailored to the unique needs of small businesses. Let's delve into its salient features that position it as one of the top choices for small businesses in 2024.

Why Choose Bench?

  • Expert bookkeeping: Bench Accounting provides professional bookkeeping services, handling tasks like reconciling accounts and generating financial statements.
  • Customized reports: Bench offers tailored financial reports for insights into your business's performance.
  • User-friendly interface: Simplified navigation and clear dashboard make accessing financial data easy.
  • Real-time insights: Stay ahead with up-to-date financial data for proactive decision-making.
  • Seamless integration: Effortlessly sync Bench with other platforms for streamlined operations.
  • Tax support: Comprehensive tax preparation guidance ensures accurate filings and compliance.
  • Dedicated support: Get personalized assistance for platform issues or financial advice.
  • Scalability: Easily adapt Bench to your evolving business needs as you grow.
  • Data security: Bench prioritizes data protection with robust encryption and secure storage.

Bench Accounting

Starting Price Free Trial Support Available for Mobile App Customer Ratings
$299/month Yes Yes Cloud, SaaS, web-based iOS and Android G2: 4.3/5

Capterra: 4.6/5

In Conclusion

In 2024, small businesses face unprecedented demand for optimal accounting software amidst past challenges. From weathering the COVID-19 storm to supply chain disruptions and rising inflation, robust financial management is crucial.

QuickBooks Online offers cloud-based prowess and user-friendly interfaces. FreshBooks simplifies invoicing and expense tracking with modern simplicity. Xero excels with automation and collaboration, while Zoho Books provides versatility and seamless integration. Wave stands out as a cost-effective powerhouse.

These tools empower businesses for efficient financial management, fostering resilience and prosperity in an ever-changing landscape.

Fincent stands out among accounting software options with its intuitive user interface, cloud-based agility, and comprehensive features tailored to the needs of modern businesses. Fincent prioritizes user experience, offering a seamless navigation experience that even novices can master. Its cloud-based platform ensures real-time access to financial data, empowering businesses to make informed decisions on the go. With innovative features like customizable invoicing, expense tracking mastery, and strategic project management tools, Fincent surpasses other options, providing a holistic solution for efficient financial management in today's fast-paced business environment.