Did you know that 61% of small businesses use accounting software for bookkeeping? This shows the growing trend of using technology to manage finances.
Managing bookkeeping manually can be time-consuming and prone to human error. This is where client bookkeeping solutions come into play. These software applications offer businesses a more efficient way to manage finances.
In this article, we will discuss the top 9 client bookkeeping solutions for small businesses. This will help you make an informed decision when choosing the right software. Keep reading to find out what these solutions have to offer.
1. QuickBooks Online
QuickBooks Online is a cloud-based bookkeeping solution. It offers features such as invoicing, expense tracking, and financial reporting. It also has integrations with other business tools like PayPal, Shopify, and TSheets.
Small businesses can choose from different plans based on their needs and budget. QuickBooks Online also offers a mobile app for on-the-go bookkeeping. This makes it a top choice for many small businesses.
It also has a user-friendly interface and offers excellent customer support. QuickBooks Online is a popular and reliable option for small businesses.
2. FreshBooks
FreshBooks is another cloud-based bookkeeping solution. It offers features like invoicing, time tracking, and expense management. It also has a mobile app and integrates with other business tools.
One of the standout features of FreshBooks is its user-friendly interface. Even non-accountants can easily navigate through the software. This makes it a great option for small businesses without extensive accounting knowledge.
It also offers a 30-day free trial for new users. This is a great way for small businesses to test out the software before committing.
3. Xero
Xero is a cloud-based bookkeeping and accounting solution. It offers features like invoicing, bank reconciliation, and financial reporting. It also has integrations with over 800 third-party business tools.
Small businesses can choose from different plans based on their needs and budget. Xero also offers a mobile app for on-the-go bookkeeping. Its user-friendly interface and strong customer support make it a top choice for many small businesses.
4. Wave
Wave is a free, cloud-based bookkeeping solution for small businesses. One of the standout features of Wave is its affordability.
Though it lacks some features of paid solutions. It still provides essential bookkeeping functions for small businesses.
Wave also offers a mobile app and integrates with other business tools. Its user-friendly interface and affordability make it a good option for small businesses on a tight budget.
5. Zoho Books
One of the standout features of Zoho Books is its ability to handle multiple currencies. This makes it a great choice for small businesses with international clients. It also has integrations with other business tools and provides excellent customer support.
Zoho Books is a great option for small businesses with complex financial needs. It also offers different plans to choose from based on the size of your business. This lets small businesses scale as they grow and their financial needs evolve.
6. Kashoo
Kashoo is a cloud-based bookkeeping solution designed specifically for small businesses. One of the standout features of Kashoo is its automated bank feeds. This makes it easier for small businesses to reconcile bank transactions with their bookkeeping.
It also has a user-friendly interface and provides excellent customer support. Kashoo is a great option for small businesses looking for a simple and efficient bookkeeping solution. It also offers a free trial for new users to test out the software.
Kashoo is also known for its strong security features. This makes it a top choice for businesses that value data privacy and protection.
7. Sage 50cloud
Sage 50cloud is a desktop-based bookkeeping solution with cloud access. It also has integrations with Microsoft Office programs. This makes it a top choice for small businesses that heavily rely on Microsoft Office.
One of the standout features of Sage 50cloud is its advanced security measures. This makes it a great option for small businesses dealing with sensitive financial information. It also offers different plans based on business size and needs.
This software may be more suitable for small businesses with some accounting knowledge. It has a steeper learning curve compared to other options on this list.
8. Bench
Bench is a unique bookkeeping solution that pairs you with a team of virtual bookkeepers. This means your bookkeeping will be handled by professionals while you focus on running your business.
One of the standout features of Bench is its personalized service. The team assigned to your business gets to know your financials and can provide valuable insights and advice. It also offers accurate and timely bookkeeping.
Though it may be more expensive compared to other options, it can save you time and stress in the long run. Bench is a great option for small businesses that want expert bookkeeping without having to hire an in-house accountant.
9. Plooto
Plooto focuses on making payments and managing cash flow easier for small businesses. One of the standout features of Plooto is its automatic payment reminders. This helps small businesses get paid faster by reminding clients about outstanding invoices. It also has integrations with various accounting software.
Plooto is a great option for small businesses that struggle with managing payments and cash flow. With its automated features, it can save time and improve efficiency in financial management. This can be especially beneficial for small businesses with limited staff and resources.
You might want to seek advice from a financial professional to determine which client bookkeeping solution is best for you. They can help you find out more about the specific features and costs of each solution. This will help you make the right decision for your small business.
Exploring the Best Client Bookkeeping Solutions
Choosing the right client bookkeeping solutions is crucial for small businesses. It can help save time, reduce errors, and improve overall financial management. Consider the features and costs of each solution before making a decision.
With these top 9 options in mind, you can find the best fit for your business needs in 2024 and beyond. Keep up with industry trends and technologies to stay ahead in the game of bookkeeping and finances. Happy bookkeeping!