With tax season upon us, every small business owner has to look into their books. Poring over tax forms, hunting for dusty bills and adding up expenses is no fun, but it can be much easier if you’re organized.
Accounting is not an easy job. Bits and pieces can go misfiled and suddenly you find yourself with your books not adding up. Luckily, there are software that can make accounting, the necessary “side effect” of establishing a small business, much easier.
Luckily, there are software that can make accounting, the necessary “side effect” of establishing a small business, much easier.
Check out the five accounting software most small businesses use, and how Veem can help your business.
Sage One is a simple, cloud-based accounting software designed with small businesses in mind. The main features of the platform are income and expense tracking, invoice creation, supplier and customer management, and project tracking.
The main features of the platform are income and expense tracking, invoice creation, supplier and customer management, and project tracking.
However, payroll, time billing, and order processing are not included in the software. If your business requires those features, you can upgrade to Sage 50, the more robust accounting platform of the Sage family.
Subscriptions for Sage One start at $14 per month, while the cheapest Sage 50 plan costs a monthly $30.
Freshbooks is a basic online platform for the simple accounting needs of small businesses. It includes reports, invoicing, time and expense-tracking, project management, and team timesheets.
It doesn’t offer double-entry bookkeeping, payroll, or accounts payable, so don’t go for it if you need these functions. The cheapest package starts at $15 per month.
NetSuite’s financial management solution includes a lot more features than the previous two. The cloud-based platform offers all core accounting functions along with financial planning and reporting, billing, revenue recognition, and analytics.
Larger and more complex businesses could benefit from subscribing to NetSuite’s financial platform. Another perk is that the software integrates well with NetSuite’s all other platforms, including supply chain management, warehousing, and much more. If your business already uses NetSuite platforms, it may be a good idea to choose this software.
NetSuite’s pricing is based on personalized quotes. Contact the company if you’re interested in trying their product.
QuickBooks is one of the most popular accounting softwares, offering both a desktop and an online version for small businesses.
QuickBooks is one of the most popular accounting softwares, offering both a desktop and an online version for small businesses. The platform has personalized solutions for all business sizes. Core features include expenses and income tracking, and invoicing. You can add payroll as an extra feature.
Pro versions offer other functions, like inventory tracking, order handling, and several business planning tools. QuickBooks integrates very well with third-party apps, including Veem.
The cheapest plan starts at $13 per month.
Xero is a cloud-based accounting software. It offers many attractive features like payroll, invoicing, inventory, purchase orders, reporting, and bill payments. The platform allows integration with third-party apps, like Veem..
It offers many attractive features like payroll, invoicing, inventory, purchase orders, reporting, and bill payments.
Xero has several packages tailored for small businesses. The starter plan costs $20 per month.
Most of these platforms offer free trial periods, allowing you to try their products without commitment. Since competition on the market is fierce, you may try asking for personalized quotes and solutions for your small business’ needs.
One important feature your software has to offer is integration with third-party apps, including international payments platforms.
Offering a one-size-fits-all international B2B payment solution, Veem. is one of the best platforms for your business.
Veem. creates a direct connection between you and your business partners. This results in much faster, safer, and trackable international payments. And since there are no middlemen, there won’t be any unexpected delays or hidden fees either.
In addition, Veem. charges no wire fees and offers competitive foreign exchange rates. Reviewed by Fit Small Business as a payment gateway software, Veem can help keep track of your small business finances.