Many Yourblogmaster readers are web professionals, and one of the most recent questions we received was, “What is the best accounting software for web professionals?” Working for yourself necessitates keeping track of your accounts, tracking your earnings, expenses, taxes, invoices, and so on. Fortunately, there is some excellent software available to assist you in streamlining the process. We’ve hand-picked the best accounting software for small businesses and web professionals in this article.
Why Should You Use Accounting Software?
When you’re first starting out, you can manage your finances with a simple spreadsheet. However, as your income and expenses grow, things get more complicated.
You will have to keep a record of invoices, online payments, other income, expenses, as well as taxes. If you don’t streamline the process, you’ll end up spending more time on these tasks while still failing to complete them properly.
Accounting software makes it simple to keep track of your finances, manage invoices, do bookkeeping, and calculate taxes. This saves you a lot of time while also allowing you to manage your money more effectively.
That being said, here are some of the best accounting software for web professionals, freelancers, and small businesses.
Best Accounting Software for Professionals
We will look at the best accounting software used by thousands of professionals worldwide. Our goal is to highlight those that are simple to use, inexpensive, and provide the necessary features.
QuickBooks is a popular accounting program for web professionals and freelancers. You can easily connect it to your bank accounts, PayPal, and credit cards to capture all of your transactions automatically.
You can also send invoices to your customers and track them within the app. Your customers can also pay directly on their invoices by clicking the payment button.
QuickBooks simplifies accounting for non-accountants. It includes beautiful reports that provide a quick overview of your finances as well as detailed reports on all of your expenses, earnings, and invoices.
The ability to manage taxes is another advantage of using QuickBooks. If you use software such as TurboTax, QuickBooks can save you a significant amount of time when filing your taxes.
It includes simple apps for mobile devices that allow you to capture receipts, manage finances, and view reports while on the go.
Pricing: Small Business plans begin at $10 per month, while Self Employed plans begin at $5 per month.
Most of you are probably familiar with GoDaddy as one of the world’s largest domain name registration companies. They do, however, provide a plethora of other services, including cloud-based bookkeeping software for small businesses.
You can sync your bank, credit card, Amazon, Etsy, eBay, or PayPal seller accounts to GoDaddy Bookkeeping’s bookkeeping platform. It then automatically tracks and displays all of your transactions, with your total profit and loss report always visible at the top.
It also comes with simple invoice management, recurring invoices, and integrated payments via Stripe or PayPal. It is ideal for freelancers and small businesses seeking a simpler bookkeeping solution, but it lacks some advanced features found in other apps on the list.
Pricing begins at $3.99 per month.
FreshBooks is an excellent piece of software for freelancers. It is one of the simplest apps for freelancers and self-employed professionals to send and track invoices.
It also allows you to keep track of your expenses, capture receipts, manage projects, and accept payments from clients. It connects to your bank accounts to directly deposit payments.
Beautiful reports are available within the FreshBooks dashboard, making accounting a breeze for everyone. It has a mobile app that allows you to see and manage things while you’re on the go.
Pricing begins at $15 per month.
Xero is yet another effective web-based accounting software for professionals and small business websites. It provides plans and features that expand in accordance with your company’s needs.
Xero makes it simple to send invoices, accept payments, view bank transactions, manage contacts, and do other things. You can use the app to create multi-currency accounts, manage payroll if you have employees, and even manage your projects.
It has a simple and easy-to-use interface as well as beautiful reporting tools. It is jam-packed with features, many of which you will probably never use as a freelancer but may require as your business grows.
Pricing: The starter plan is $9 per month, but it is insufficient. The standard plan, which costs $30 per month, is required.
Wave provides free accounting software to small businesses. By connecting your bank and credit card accounts to the app, you can easily manage all of your finances. It then tracks all of your transactions and displays them in simple reports.
You can also send manual, automatic, and recurring invoices. You can capture receipts on the go and keep track of things from anywhere with the mobile app.
The basic software is available for free. Transaction fees for credit card payments are 2.9 percent + 30 cents per transaction, and ACH transfers are 1 percent per transaction. If you have employees, you should be aware that payroll software is not included in the free plan.
Pricing options include free accounting software, transaction fees, and paid payroll software.
Zoho is a well-known CRM application. They add professional accounting software to their suite of apps with Zoho Books. The most significant benefit of using Zoho is when you use its CRM apps.
It works well with other apps in their ecosystem, as well as various payment gateways, bank accounts, and credit cards. This enables you to fully automate your bookkeeping.
You can also share transactions with your customers by providing them with access to your client portal. You can even enable the Bulk payment feature to ensure that your clients pay you as soon as possible.
Pricing begins at $9 per month.
If you’re looking for the most comprehensive solution, QuickBooks is the way to go.
If you are a small business owner looking for a simple solution, we recommend GoDaddy Bookkeeping.
We hope this article has assisted you in your search for the best accounting software for small businesses, professionals, and freelancers. You might be interested in our articles on the best email marketing services for small businesses.