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Zoho also offers discounts to nonprofits-one reason it's among our top financial management software picks for nonprofits that need true fund accounting. That’s a standout bargain, especially compared to FreshBooks' extra $10 per user per month. The cheapest plan includes three users, but you can also pay an extra $2.50 per month for each additional user. Otherwise, Zoho Books starts at $15 a month if you pay annually or $20 if you pay month to month.
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Plus, if you make under $50K a year, you can take advantage of Zoho Books' free plan. Each Zoho product integrates easily with the rest, which means that along with accounting, you can use Zoho for project management, inventory management, and customer relationship management (CRM)-just for a start. Plus, Zoho Books is just one piece of software in the larger suite of Zoho products. Most notably, it lets you set automatic customer payment reminders, create recurring expense profiles, and manage 1099 contractors. Zoho Books automates the most common (and, let's face it, boring) bookkeeping tasks-which means you can dedicate more time to your business and customers and less time to the tedious task of data entry. Plus, you can only track expenses with the priciest plan-both QuickBooks and FreshBooks offer small-business expense tracking up front. You can send unlimited invoices and quotes with only the Growing and Established plans, which start at $34 and $65 a month, respectively. However, Xero's $12 a month plan limits you to entering only five bills and sending only 20 invoices a month. You don't have to pay extra to delegate responsibilities like bank reconciliation or expense tracking to another team member: time-saving collaboration is built into your price. Unlike nearly every other accounting solution (including QuickBooks and FreshBooks), all of Xero's accounting and inventory software plans include unlimited users. For just $12 a month, Xero lets you send custom invoices, reconcile bank transactions, capture receipts for easier record keeping, and track inventory.īut as a small-business accounting tool, Xero really stands out on the collaboration front. We love Xero for its robust features and low starting price. That means it helps sole proprietors who file Schedule C forms maximize their tax returns, but it's not a fully featured bookkeeping or accounting app for other business owners.
Instead, it's primarily an invoicing, mileage-tracking, and tax-tracking plan. However, QuickBooks Self-Employed targets freelancers with just a few clients and limited expenses. The priciest plan, which includes 25 users, starts at $200 a month.Īt $15 a month, QuickBooks Self-Employed is a cheaper financial management option.
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Intuit QuickBooks's online reporting and tracking features come at a price, though: its cheapest small-business plan starts at $30 a month and restricts you to one user plus an accountant. If you work on the go, QuickBooks's app, which includes mobile mileage tracking, might make it a good fit. The app can do basically everything the software can (a rarity for any software provider, no matter the industry). QuickBooks also has the absolute best mobile accounting app you can find.
The basic Intuit QuickBooks Online plan includes typical features like invoicing, billing, and receipt scanning along with more comprehensive tracking than many competitors:
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And while QuickBooks Desktop (especially the fairly comprehensive, comparatively affordable QuickBooks Pro Plus) is still an option for those who prefer desktops, QuickBooks Online is Intuit’s cloud-accounting software solution. QuickBooks is easily one of the most popular financial, tax, and accounting software options in the world.
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