{"id":6436,"date":"2019-01-14T10:04:00","date_gmt":"2019-01-14T10:04:00","guid":{"rendered":"https:\/\/www.intexsoft.com\/?post_type=blog&p=6436"},"modified":"2022-07-19T12:43:40","modified_gmt":"2022-07-19T12:43:40","slug":"the-best-accounting-software-for-small-business","status":"publish","type":"blog","link":"https:\/\/intexsoft.com\/blog\/the-best-accounting-software-for-small-business\/","title":{"rendered":"Accounting Software for Small Business"},"content":{"rendered":"
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January 14, 2019 \u2022 by \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAlexandra\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

Accounting Software for Small Business<\/h1>\n\t\t\t\t\t\t\t\t\t\t
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Accounting services have always been a crucial part of any business or company. Accounting shows business owners a view of their profitability or losses, as well as provides them with the data about financial management, allowing to keep expenditures and income records.<\/span><\/p>\n

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A few years ago, accounting tasks were done manually with the use of ledgers and journals. But today, people can use them online and get benefits due to great simplification and improvement in usability. Based on<\/span>\u00a0CAGR data<\/a>, the accounting market will expand over 6 percent from 2017 through 2021. The growing demand for financial process modernization is seen to fuel this growth.<\/span><\/p>\n

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How Does Accounting Service Work<\/span><\/h2>\n

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\nEach accounting program has its own interface and features. However, they have much in common, including the following:<\/span><\/p>\n

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User interface and navigation of accounting software for small business<\/span><\/h3>\n

A cloud-based accounting application is a good option. It doesn\u2019t require rich graphics. Apps use it where it makes sense for example, for displaying charts and graphs, and for invoice forms. As for the navigation, it takes the cues from desktop software, using static and drop-down lists, icons, and buttons, etc.<\/span><\/p>\n

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Multiple versions<\/span><\/h3>\n

In most cases, some web-based accounting apps provide you with more than one level of service and at different prices. That\u2019s why you can get the version that most closely matches your business\u2019 needs.<\/span><\/p>\n<\/div>\n

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Simple language<\/span><\/h3>\n

Of course, the accounting app still has some terms and phrases that wouldn\u2019t usually come up in casual conversation for example, debits and credits, general ledger, and chart of accounts, etc. However, modern apps use such language only when it\u2019s absolutely necessary.<\/span><\/p>\n<\/div>\n

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Integration with other settings<\/span><\/h3>\n

Nowadays accounting includes two areas: the cloud and integration. Small and medium companies with tremendous growth might need to choose the next level of cloud-based financial management apps, such as<\/span>\u00a0Intacct<\/a>. But if a company needs more flexibility or special features, like invoicing or inventory management, it can use other add-on solutions such as<\/span>\u00a0QuickBooks Online<\/a>\u00a0and<\/span>\u00a0Xero<\/a>.<\/p>\n<\/div>\n

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Mobile versions<\/span><\/h3>\n

Since we live in a modern world, people can use the cloud-based accounting applications at any time, anywhere, to access financial data.\u00a0<\/span>Kashoo<\/a>\u00a0company was the first to build an iPad app, and<\/span>\u00a0OneUp<\/a>\u00a0was developed specially for mobile devices.<\/span><\/p>\n<\/div>\n

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Self Employed Accounting Software for Small Business<\/h2>\n

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All businesses have to track their money, from payroll to taxes. And small companies or freelancers are no exception. If you\u2019re a freelancer or contractor and you use a cloud-based accounting app aimed at larger businesses, you probably noticed that you\u2019re paying more than you want for features that you don\u2019t need.<\/span><\/p>\n

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Today, you can avoid this problem using special accounting software, wizard-based on access from anywhere, and the safety of an offsite backup. And furthermore, a breed of online accounting tools is made especially for freelancers with mobile versions, integration, quarterly estimated income tax calculations, reports, etc.<\/span><\/p>\n<\/div>\n

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Invoicing Software and Billing Services<\/h2>\n

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If you are not a retail seller, you most likely need to make invoices for clients. Some companies use a word processor. However, they need to have an additional method for tracking sent invoices. And there are a lot of integrated and more efficient options for accounting and to send invoices to clients, such as,<\/span>\u00a0Zoho Invoice<\/a>\u00a0(a cloud-based application),\u00a0<\/span>Hiveage<\/a>, and<\/span>\u00a0Invoicera<\/a>. All these applications can help you to send invoices, receive, and track all companies\u2019 payments.<\/span><\/p>\n<\/div>\n

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Desktop Accounting Software for Small Business<\/h2>\n

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Not every small business is in need of some extra features, so some companies can consider cloud-based solutions, because there\u2019s no need to have IT specialists that will be responsible for operating and maintaining the server, as the systems are hosted online.<\/span><\/p>\n

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However, desktop accounting software systems are faster, local, and can be operated even without the connection to the Internet. Of course, nowadays due to the added features, this type of software depends on an Internet connection, but the core of this system is still accessible offline.<\/span><\/p>\n

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Systems such as\u00a0<\/span>QuickBooks<\/a>,\u00a0Sage 50Ca<\/a>\u00a0and<\/span>\u00a0AccountEdge Pro<\/a>\u00a0have already gained a lot of users everywhere, whil<\/span>e\u00a0Sage One Accounting<\/a>\u00a0and<\/span>\u00a0ZipBooks<\/a>\u00a0are the latest software at the market.<\/span><\/p>\n<\/div>\n

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Which Web-Based Solution Fits Your Business?<\/h2>\n

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According to the options and features to choose from, the task of selecting an accounting software system became an overwhelming task for some companies. Below, we\u2019re going to describe important factors in finding best matches for small businesses:<\/span><\/p>\n

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