Essential Small Business Accounting Tools for 2018

Discover top small business accounting solutions in 2018, including Sage 50c, FreshBooks, Kashoo, Wave, and QuickBooks. These tools streamline financial management with automation, invoicing, expense tracking, and reporting, making accounting simpler and more efficient for small businesses. Suitable for various industries, they offer affordable plans and user-friendly features to boost productivity and financial oversight.

Top Small Business Accounting Solutions for 2018

Choosing the right accounting software for small companies can be overwhelming with so many options available. The ideal solution offers a comprehensive set of features at a budget-friendly price while remaining user-friendly. Automated functionalities like transaction recording, invoice processing, expense tracking, and financial reporting—including reconciliation—make accounting simpler and more efficient. Here are some of the leading accounting platforms for small businesses in 2018:

Saga 50c is a desktop program accessible locally and via cloud apps, enabling remote financial management.

This software suite includes features such as invoicing, cash flow management, tax handling, inventory control, and more. Sage 50c offers three subscription plans, starting at $439 per year.

FreshBooks aims to enhance productivity through automation, facilitating expense tracking, client invoicing, and time management. Its three plans include a basic 'Lite' option at $15/month for five clients.

Kashoo is suitable for various small businesses, providing a dashboard to monitor invoices, payments, expenses, bank feeds, and reporting. Customer support is personalized, not automated. The monthly fee is about $29.95, often less with annual billing.

Wave offers free financial management tools for expense tracking, invoicing, and payment processing. It also includes premium features like credit card payments and recurring billing for loyal customers.

QuickBooks simplifies bookkeeping, supports team collaboration, auto-categorizes bank transactions, and allows mobile receipt capture. It has four plans, starting from approximately $5/month for the Self-Employed package.

These platforms enable small business owners to manage their finances effectively with ease.