9 Best Account Management Software & Tools for Business
Apart from helping you automate essential processes, these tools play a huge part in forging long-term relationships with your most important customers. Many bookkeepers and accountants use QuickBooks to track their clients’ finances, including both QuickBooks Online and QuickBooks Desktop. If you want more features than just the basics, accounting software typically starts around $10 to $15 a month. Xero, for instance, charges $13 for its most basic plan while FreshBooks starts at $15. QuickBooks Online generally has the highest starting prices in the industry at $30 a month for a basic plan. Accounting software also generates financial reports for you, which is a crucial part of creating a small business that many first-time business owners aren’t aware of.
Add-Ons and Extras
The software should allow you to invoice customers for tracked time and bill them for project expenses. The ability to connect your accounting software to other business programs you use saves you valuable time because you don’t have to manually transfer data from one system to another. Payroll, payment processing, the best point-of-sale (POS) systems and the best customer relationship management (CRM) software are just a few of the popular types of integrations that are available with accounting software. Integration with systems you already use also cuts down on training time for employees who will use the software. If your business sends invoices, the ability to email them and accept online payments helps you get paid faster. Most accounting programs integrate with third-party payment processors; others require you to use their in-house processing services.
What are the Qualities of a Good Account Management Software?
They also find it frustrating that they often have to log in repeatedly due to software glitches. I didn’t have to spend time trying to figure out where features were because they were in intuitive places within my navigation process. In addition, call-to-action buttons helped me know what I needed to do to customize the platform to my needs, such as adding a bank account or filtering reports. Completing tasks within the platform was as simple as filling out simple forms and following instructions that walked me through how to complete tasks (like connecting my bank account). Reports offered instructions to help me interpret them and easy filtering options to customize them to my needs. OneUp offers several standout features, including extensive automations that extend across business functions, customized and automated invoicing, a comprehensive mobile app and extensive reporting.
How to Calculate Job Order Costing
- Most accounting software providers sync with one or more popular payroll providers (Zoho Books, which doesn’t sync with most payroll software, is a notable exception).
- Customers can search the ProAdvisor Directory to find someone in their area for accounting assistance.
- This technology is powering automation tools that streamline key accounting processes, thus minimizing tedious work.
- Once I clicked a menu tab, all the tools I needed to use to complete relevant tasks were included in the resulting page.
For self managed associations, condo or HOA management software should be your hub for information on various aspects of your community. One of the most basic methods of keeping track of the members who keep the community alive is member management. With this key feature, you should be able to keep a database of homeowners, board members, contact information, property information, and any other data that is relevant to you as an HOA manager. Most account management software integrates with standard accounting tools; for instance, FreshBooks connects with Hubspot Sales Hub and Capsule CRM. If you’re looking to eliminate repetitive tasks and automate every aspect of your small business, you should consider investing in Zoho CRM. Zoho CRM allows you to track sales and marketing performance and metrics without hassles.
It is very easy for self-employed business owners without financial backgrounds to operate, and it can be upwardly scalable to where small businesses can use it. QuickBooks now comes with an interface to Intuit Turbotax that can also be set up if desired. Wave supports double-entry accounting, produces quarterly tax estimates, allows managerial accounting for customized, professional-looking invoices, and uses OCR technology to scan purchase receipts into the system. However, if you need to track inventory or billable hours, look for another package. Sure, QuickBooks could be the best software for your small business, or you might find its prices too high and its features too limited.
Xero’s project-based billing tools are ideal for businesses that need to track materials and labor costs, ensuring each project stays on track and profitable. When you’re choosing accounting and billing software for your business, we strongly encourage you to take advantage of free trials to test the solutions and see which one offers the tools you need. Plus, spending time with the software beforehand will help you feel more confident in your decision.
Sage Business Cloud Accounting: Best user-experience runner-up
Unlike Xero, FreshBooks lets you send an unlimited number of invoices and estimates with every plan. Each plan also includes time tracking for easier, more accurate client billing. FreshBooks’s built-in small-business expense tracking helps you maintain a balanced budget. And, like QuickBooks Online, FreshBooks includes built-in mileage tracking—a must for freelancers who plan to claim mileage expenses on their year-end tax forms. For exactly $0, Wave presents you with a slick, user-friendly dashboard and a slew of features that rival those of paid accounting systems.
The tool was intuitive and made it simple to create beautiful, branded documents. QuickBooks Online is suitable for small and growing businesses that want a scalable solution with expert support options. Oracle NetSuite OneWorld is written for the cloud, focusing on ease of use and modularity. It is a solid financials platform that can be easily expanded to meet other business needs simply by buying additional functionality through the cloud. For instance, ecommerce businesses may track average order size and revenue per visitor, while a manufacturing company would focus more on return on assets (ROA) and overall equipment effectiveness.
