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Cloud Accounting Software Today: Top Cheap And Popular Choices For Small Business

Category: Accounting Software

qnaCloud accounting is certainly making a huge bang in today’s business landscape. Considering the plethora of advantages cloud-based accounting offers its users, I am not surprised why multitudes of businesses, from big corporations to small business owners, are now making the switch from traditional accounting to cloud accounting.

And as a result, many people are asking me, what is the best cloud accounting software out there? With the vast selection presented to many business owners and small-scale entrepreneurs alike, the choices can be confusing, especially to Amy, who owns a small fashion boutique in Los Angeles.

“I truly feel that with the way things are going, everything will be linked to the internet. Coming from someone who has first-hand experience on doing business online, internal company functions will soon become internet-based, like accounting. I am very convinced that cloud computing is the next level of doing business. But for someone who is still new to the cloud, can you tell me what are the best cloud accounting software I should watch out for?” – Amy

Like Amy, many are very much overwhelmed with the availability of cloud accounting software today. With numerous top small business accounting software in the market, which is the best? I did some digging around the web and saw the three best cloud accounting software, along with their respective pros and cons. Check them out.

#3 Xero Online Accounting

Pros:

  • Offers useful features like CRM;
  • Comes with native apps for both Android and iPhone OS, making it simple for users to take look from their phones;
  • Training programs available for first-time and advanced users.

Cons:

  • Stiff price ranges ($19 for 5 invoices per month, $29 for 100 invoices, and $39 for a multi-currency version);
  • Lacks the payment processing feature.

#2 Bean Cruncher

Pros:

  • Newest entry to the fray, basically combines the best elements from its competitors;
  • Fast and user-friendly interface;
  • Dashboard is easy to navigate;
  • Solid accounting and reporting features;

Cons:

  • Payment processing and payroll features are not integrated to the system;
  • Pricey: $19 for businesses with up to 150 customers, $39 for 500 customers, and $99 for unlimited option.

#1 Top Pick: Wave Accounting

Pros:

  • FREE!
  • Excellent features, including invoicing;
  • Account downloads and integration is automated.

Cons:

  • Interface occasionally suffers system lag;
  • Lacks reporting options.

These three options are just the tip of the proverbial iceberg. There are many choices out there and they are all worth considering. You can also read more cloud accounting software reviews or get a side-by-side comparison of the best accounting software for small businesses available today. It is best that you pick your choice depending on the size of your business, the number of your customers, and also put into consideration some word-of-mouth testimonials from people you trust and whose comments you value. Check this page out for helpful pointers on what to look for in accounting software and how to find the best one for your business.

Read more:  Web Based Sales Management Software

Cloud based accounting is pretty much where everything related to business accounting is going. An choosing the best option out there is something that you just have to do if you want your venture to succeed. Read this insightful article from the Entrepreneur online magazine on “Accounting Apps for Your Number-Crunching Needs.” It’s written for small business owners who find the number crunching that comes with accounting a daunting prospect, or our article on online accounting software for small business.

By Louie Andre

B2B & SaaS market analyst and senior writer for FinancesOnline. He is most interested in project management solutions, believing all businesses are a work in progress. No stranger to small business hiccups and drama, having been involved in a few internet startups. Prior to his for-profit ventures, he has had managed corporate communications for a Kansas City-based Children International unit.

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