For most startup companies, the matter of finance is of utmost importance. However, managing monetary related aspects from each field of your startup business can be a hectic and time-consuming job. To tackle this, hiring accountants or any finance professional can be a good idea. But then again, you need to keep aside a huge amount as that individual’s service payment.
In cases like this, any extra expenditure can prove to be a wrong step in your business cash management. Here accounting software comes as a better option for dealing with accounts management without spending a humongous amount. Even though there are a few free accounting versions available in the market, monthly or annual paid versions promise a better service provision. You also get constant tech support to assist and guide you during any of the troubling/ confusion clearance of your accounting software issues.
Here we have featured the best 5 accounting software present in the market within $40, among which you can make your profitable decision.
1. QuickBooks
QuickBooks is exceptional cloud-based accounting software that is designed to serve the basic financial management necessities of freelancers and startup businesses. A recognizable name in the bookkeeping and accountancy market, QuickBooks has a diverse portfolio. Apart from the software version, you can acquire the services from the desktop hosted version, QuickBooks Hosting, and its online version as well.
› QuickBooks offers its users the flexibility to select from:
• QuickBooks Enterprise
• QuickBooks Premier
• QuickBooks Desktop Pro
• QuickBooks Desktop for Mac
• QuickBooks Live Bookkeeping
• QuickBooks Online Advanced
• QuickBooks Self-Employed
• QuickBooks Online
› Benefits
• You can easily integrate your QB software with various third-party tools
• It syncs your business profiles automatically on a single dashboard
• It eases your efforts of exporting data to your preferred tax preparation program
• You can avail ready-to-use business templates to create business plans, charts, spreadsheets and invoices
› Features
• Receipt capture
• Multiple users
• Manage accounts receivable
• Connect credit/ debit card/ bank accounts
• Track sales tax and sales
• Payroll processing
• Capture and organize receipts
• Track expenses and income
• Mobile access
› Price Per Month
• The price range for hosted QuickBooks Pro starts from $33. For the simple startup plan, the accounting software price range starts from $25.
Related: How Quickbooks & Salesforce Integration help Small-Scale Accounting Business?
2. ZipBooks
ZipBooks accounting software has a set of robust features with a contemporary interface. With this software, you can be assured of making and accepting safe digital payments, managing suppliers/ customers, and sending invoices. With ZipBooks, you can:
• Customize and create invoices with messages, themes, and logos
• Import bank integrated transactions automatically
• Avail online bookkeeping functionality
• Streamline reconciliation and communication with clients via app
› Benefits
• It helps you to keep track of your investments
• It stores your financial data in a centralized location for easy access and better convenience
• It allows you to make quick online payments
• It offers you amazing accounting features free of cost
› Features
• Quick synchronization with the bank accounts
• Time tracking
• Dedicated bookkeeper
• Automated reminders
• Payroll processing
• Accept payments via PayPal and Square
• Manage unlimited customers and vendors
• Send unlimited invoices
› Price Per Month
• The price range for sophisticated plan is $35. The smarter version is priced at $15.
3. Wave
Wave is excellent accounting software with its services available on the online platform. This software is specially designed for entrepreneurs and startup companies who look for basic accounting features. It is intuitive software, which is easy to use. With this software, you can keep track of all your business-related expenses, thanks to its easy-to-use module! You can avail of a detailed review of your transaction with this module as it scans the receipts and gives you the true results.
Even though the Wave is free software, you only have to recompense for ‘pay per transaction.’ The present charge percentage ranges between 1.4% to 2.9%. Above it, you may also need to shell out around $0.25 as an additional fee. This is quite a good deal and that too within your (startup) budget.
› Benefits
• It offers you a user-friendly interface
• You can master this accounting software with ease
• You can easily track your income and expenditure
• A well-rounded financial solution with which you can utilize functions like:
• Receipt creation
• Payments
• Invoicing
• Core accounting
› Features
• Payroll tracking
• Faster software setup without training
• Automated payment transaction reconciliation
• Automatic exchange rate calculations
• Customizable sales taxes
• Unlimited credit card and bank connections
• Connect to Etsy, Shoeboxed, PayPal
• Unlimited receipt scanning
• Unlimited customizable invoices
› Price Per Month
• It is free of cost with the only charges highlighted in the payment area (invoices on credit cards).
Related: Top 10 Accounting Software in Australia
4. Zoho Books
It is scalable and simple accounting software with an uncomplicated and clean cloud-based interface. If you own a startup company or a freelancer planning to open a form, Zoho Books is a smart choice with a cost-effective option. You will find an impressive app presence in addition to the desktop route.
› Benefits
• You can avail multiple payment gateways to keep your transactions at ease
• This software is mobile-ready
• You can easily work with this software as it is completely responsive
› Features
• Manage, edit or create supplier and customer contacts
• Project billing
• Invoice templates
• Track inventory
• Customers online payment options
• Create invoices in seconds
• Time tracking
• Stripe compatible
• Bank reconciliation
• Upload expense receipts
• Send payment reminders
› Price Per Month
• The basic version has a formidable arsenal of options and tools with a range starting from $9 a month. If you prefer the standard or the professional version, you can avail the former at $19 and the pro version at $29 a month.
5. Xero
As a startup company, if you are looking for alternative accounting software to QuickBooks, Xero is a good option. You can keep a close check on your financial data and manage the financial aspects with this software. A cloud-based accounting software, Xero helps you organize your financial aspects as per your accounting needs by offering you standard bookkeeping functions.
› Benefits
• You can easily manage outstanding sales invoices with its graphs and diagrams options
• You can share financial details with your colleagues and professional advisors
• It has a highly compatible program that gels well with other systems
• It has a user-friendly interface and does not require you to have an in-depth accounting knowledge
› Features
• Calculate sales tax
• Mobile app
• Track payroll
• Connect to your bank
• Reconcile bank transactions
• Send invoices to the clients, track them and get informed when the invoice is seen
• Multi-currency
• Pay the bills through Xero
• Excellent online support
• More than 800 business apps support
• Inventory tracking
› Price Per Month
• The price plan of Xero is dependent on two aspects – global business and US operated business
For global businesses, the premium plan is priced at $40. The standard plan has a price tag of $30 and the starter plan is $20.
Similarly, US operated businesses, the growth plan is priced at $30, and the early software plan at $9.
The above 5 are some of the affordable and best accounting software that any startup business can choose from and use for the best
results. However, here is a small guide to wrapping up this guide.
Related: Top 10 Accounting Software in India
• If you want software for small business accounting – QuickBooks
• If you want your startup to grow but a tight in the initial budget aspects – ZipBooks
• If you never want to spend on your purchased accounting software ever – Wave
• If you want to purchase on the alternative for QuickBooks – Zoho Books, Xero
Why wait any longer when you have the best deals in hand? Get started, avail the software from the above-mentioned software, and see your startup business soaring high in the market.
