Running your own business requires big effort. Don’t let something as critical to your survival as invoicing your customers be a hassle. There are plenty of strong accounting software programs to handle not just invoicing, but all of your accounting needs.
Here, we’ll review the best accounting software for small businesses.
QuickBooks. This is probably the most commonly used accounting software used for invoicing and in general by small businesses today. QuickBooks has many iterations, some of which are industry-specific (example – QuickBooks for Manufacturing), which helps in that every industry has its granularities that need to be considered from an accounting and invoicing standpoint.
The invoicing function on QuickBooks has you pulling from inventory as you are creating sales orders and invoicing customers. The built-in reporting mechanisms are also extremely useful in allowing you to track your receivables list with a quick report to ensure that you can easily determine who is actually paying those invoices, and who isn’t.
Sage 50. Sage 50 is a great product for the first time business owner. The Help section is incredibly complete and very useful for those in the beginning stages of managing financial aspects of a business.
All necessary features for the new business owner are present, including invoicing, payment receiving ability, expense tracking, and bank reconciliation. With over 35 reports that can be generated and customized, you can really get your business finances organized with Sage 50. The great news is that there is a 60-day, money-back guarantee if you find that for some reason the product doesn’t feel like a right fit for you.
Bookkeeper. Bookkeeper is another great piece of accounting software for first-time business owners, with its start-up wizard that walks you through the setup of your business’s financial management practices. Invoicing is a no-brainer with Bookkeeper, and with the software also comes free credit card processing, as well as free payroll processing.
Quicken Home and Business. An Intuit product like QuickBooks, Quicken Home and Business is great for the beginning business owner. The invoicing function creates a great, professional-looking invoice. Another great feature of this product is that it actually suggests likely tax-deductible business expenses to you – this is obviously a great feature for the new business owner who might not be so familiar with the potential write-offs available to them. There is also an app available for many different phones that can be used for accounting on the fly.
Keep your books up to date and make sure those receivables are coming in the door by making sure you have easy invoicing capability and overall, strong accounting measures in place for your small business. These top accounting software programs provide not only invoicing, but a full suite of accounting capabilities that will have your business’s financial management processes in tip-top shape in no time.
For a very useful side-by-side comparison of ten top accounting software programs, check out this great review.
Have an accounting software program you stand by that wasn’t shown here? We’d love to hear about it!