If you run a small business or are a freelancer, then keeping a tight grip on finances is critical for success. Our reviews cover the best small business accounting tools to help keep your company in the black.
Even the smallest business can benefit from a cloud-based accounting service. Our top tested performers provide all the tools and features freelancers need to keep a tight rein on their finances, without costing them fortune.
Sage 50cloud is a robust small business desktop accounting application that incorporates comprehensive financial tools and generous customization options. Its integration with Microsoft 365 makes it a hybrid solution: local, hard drive-based software that can share data with productivity applications via the cloud.
QuickBooks Self-Employed will appeal to freelancers and independent contractors who want its automatic mileage tracking, quarterly tax estimating, and basic bookkeeping. Businesses that need robust time tracking, sales tax management; customizable invoices, and item tracking should consider QuickBooks Online.
Accounting service Xero has strong account reconciliation, data imports, sales and purchase transactions, and project tracking. Recent improvements to its setup process and new business overviews solidify it as an excellent choice for small businesses.
Wave is priced like a freelancer accounting application (it's free) and it's an excellent service for that market. But it also offers enough extras that a small business with employees could use it—with some caveats.
Kashoo's strengths are income and expense management, usability, and support. It's a simple, speedy choice for smaller businesses that don't need product inventory-tracking or time-billing tools.
GoDaddy Bookkeeping's direct integration with Amazon, eBay, and Etsy make it terrific for entrepreneurs. Its overall bookkeeping depth and flexibility are good, and it's easy to use, but it lacks much of direct competitor FreshBooks' functionality.
Zoho Books is an excellent choice for cloud-based small business accounting, offering an exceptional user experience, an attractive price, and a rich set of tools. Larger businesses may want to consider it, too, though payroll support is very limited.
Sunrise's ease of use and excellent tools make it a good choice for freelancers and sole proprietors who need to track income and expenses and invoice customers. It lacks some features that microbusinesses might want, though, like time tracking and full mobile access.
FreshBooks offers a well-rounded, intuitive, and attractive double-entry accounting experience that supports invoices and estimates; expenses; time tracking; and projects. It anticipates the needs of freelancers and smaller businesses well—better than its competitors in this class.
Intuit QuickBooks Online is still the best online accounting application for small businesses, thanks to its depth, flexibility, and extensibility. It's easy to use, well designed, and built to serve a wide variety of users. It's also expensive, however.
Making sure your employees are paid accurately and promptly is one of the most critical elements of running your business. We've tested the top online payroll services to help you determine which one is right for you.
Patriot Software Full Service Payroll offers very capable payroll processing and top-notch support for new users. Improvements to payroll flexibility and site design make it even better this year.
Square Payroll checks most of the boxes for paying your staff and uses a simple interface. It integrates well with other Square apps but lacks the depth and customizability of its competitors.
Hourly capably supports both hourly and salary-based payroll processing, though its target audience is clearly contractors. The user experience and feature set can serve more-generic businesses as well. It's currently only for California business, however.
Workful is a newer payroll management site that doesn’t yet submit payroll taxes for all states. That aside, it's worth considering if you have employees who work on a time clock.
QuickBooks Payroll provides the tools you need to manage your company's payroll tasks in an easy-to-use website, but it lacks functionality and flexibility found in competing services.
New pricing makes this thorough, flexible payroll site more affordable. SurePayroll provides a clear path through setup, data management, and payroll processing.