Easy Accounting Software for Small Business

Any small business owner is forced:

• to implement the bookkeeping, billing, and invoicing; 
• to track payments (including taxes), job costs, sales, and purchases; 
• to monitor cash flow, business expenses, investments, and loans;
• to perform other financial activities.

Simple accounting software enables small businesses with little staff to maintain their financial operations and reports. The categorization, automatic calculation, adjustments, correction, and reporting of important financial information in different forms are only a shortlist of benefits an accounting software system can give small companies.

Software providers offer various desktop, mobile, and web solutions for small businesses. Developed by their teams the computer programs can often easily integrate with the accounting software systems. As a result,

small businesses receive much more sophisticated and, at the same time, easy-to-use computerized systems that contain many helpful features enabling small companies to professionally and quickly fulfill their activities and keep records of all financial transactions.

What to check in easy accounting software for small business

• Pricing. The price of accounting software varies from vendor to vendor. Certainly, an easy accounting software system designed for small businesses costs much less than a complex, comprehensive enterprise accounting software including a number of specialized modules. Some software providers offer one free easy accounting software package or introductory version. Such packages can be great for small businesses as often provide most of the needed features. Limitations do not affect controlling and managing the company's financial transactions as the company grows. So, any organization can find accounting software options for its budget.

• Needed hardware. Every accounting software system, even the easy bookkeeping software, has minimum recommendations for software and requirements for hardware. If the currently used hardware does not meet those requirements, expenses on the selected accounting software system will include costs needed for the acquisition of the required hardware. 

• Easy installation and user-friendly. First of all, easy accounting software for your small business should be user-friendly and easy to set up.

• How robust is the considered accounting software system. A robust accounting software system means that the accounting system is able to effectively perform its functions without failure under a diversity of conditions. Any company even the smallest one needs robust accounting software. 

• A number of supported users simultaneously. Even if today you do not worry about supporting the multiple users of your easy accounting software system because your company is small, you should ask a vendor how many users his software system support simultaneously. Thanks to your hard work, your company will grow, and shortly, you might more powerful and need an accounting system. 

• Managing expenses. If you want to not worry about the due dates, you should track the status of your bills and accurately reflect your spending. Setting up recurring bills will help to avoid the miss payments. Breaking up expenses into categories will help you with tax deductions. Automatical expenses recording of receipts and credit card transactions simplifies the approval of the expense report and provides control over business spending. 

• Invoicing. Vendors offer accounting software solutions that provide a wide range of invoicing features. You should know which ones are necessary for creating and sending your invoices. Customization of your invoices gives them a professional look and makes them stand out from the rest. 

• Availability of the mobile application. Mobile applications allow managing finances anytime from anywhere. So, the availability of the mobile app is a big advantage of any accounting software system. 

• Preparing the key financial statements. Generating powerful financial reports such as profit and loss reports, balance sheets, statements of cash flows, tax statements, and many others enables performing analysis of the current business condition, forecasting the future business expenses and incomes, and making the right business decisions.

• Training options and customer support.

Accounting software features small businesses' needs:

• Inventory management – for managing and controlling companies' inventory.
• Sales tracking – for managing and controlling sales performed by the company.
• Purchase tracking – for managing and controlling the company’s purchases.
• Contact management – for managing customers' and vendors' contacts.
• Expense tracking – for managing and controlling the company’s business expenses.
• Accounting reports – for monitoring debit and credit business bank accounts.
• Invoicing – for creating, sending, and tracking invoices.
• Payroll – for managing the employees' payroll.
• Billing – for controlling the billing terms and payments.
• Tax reporting – for controlling the business tax terms and payments.