Top 8 Accounting Software For Small Business

Individuals and company owners use accounting software to input income and spending and manage their accounts. It is particularly useful for small firms since it is more efficient and produces fewer errors than manual processing. It may also save time by utilizing features like automation, and it provides the owner with a location to keep crucial papers and receipts for easy access at any time.

Accounting software is utilized by 64.4 percent of small business owners, which is encouraging given that 60 percent of small business owners admit to having little understanding of finances or accounting.

If accounting isn’t your strong suit, or if it is and you’d like to save time, keep reading to find out which accounting software is best for your small business. We studied more than 20 programs and applications before settling on the top eight accounting software for small businesses. 

We picked them based on the features and services that are expressly created for small company owners, as well as how simple they are to use, pricing, and other factors. Here are our top recommendations.


FreshBooks is a Canadian startup that was formed in Toronto in 2003 to meet the accounting needs of small businesses. It makes use of cloud-based accounting and billing software, which is accessible via iPhone, Android, and iPad applications.

It is our pick for the best overall accounting software for small businesses because it is simple to use even for business owners with little or no accounting knowledge, has comprehensive features and useful capabilities, is fairly priced, and can be used on the road and at any time.


Intuit’s QuickBooks accounting software is created and sold. Its most recent cloud-based update came in 2019, but it also has separate desktop options that you can buy and download. Its products are primarily oriented toward small and medium-sized enterprises, and it is used by over seven million businesses.

We selected it as a runner-up for the best overall accounting software for small businesses because it is simple to use even for business owners with no accounting knowledge. It’s also simple to set up, cheaply priced, and includes tools and features useful for small business accounting. It stores everything in one place and keeps your company tax-ready all year.


Sage Business Cloud Accounting, formerly known as Sage One, is a global brand that provides small businesses with online accounting and business services. It was started in 1981 in Newcastle, England, with the goal of developing estimating and accounting software for small enterprises. It is now cloud-based, and you may select your sector, company size, and demands. Over three million firms use it to connect you with specific accounting solutions.

It’s our pick for the best accounting software for small businesses with numerous users since it’s a respected firm that offers software that doesn’t require any accounting expertise and is designed to be used by several users. For no additional charge, your accountant can utilize the program and view your books. 

AccountEdge Pro

AccountEdge Pro is desktop accounting software for small businesses that was launched in 1989 and has since evolved with new features and advancements. 4 You may utilize their cloud-based app or hosting platform to access your funds while on the road or from your smartphone. It’s intended for small to medium-sized enterprises, comes in a basic and pro edition, and provides complete accounting solutions with plenty of customization options.

Because of its rich features and reporting capabilities, we picked AccountEdge Pro as our top accounting software for experienced accountants. Because it is more technical than some of the other tools, it is helpful if you are already familiar with accounting language.


Wave Accounting, which was created in 2010 in Toronto, provides software and financial services to small businesses. It is invoicing and accounting software with credit card processing and payroll services. It’s cloud-based, simple to use, and suitable for business owners and startup CEOs that have no accounting or bookkeeping knowledge. For added protection, all of your data is stored up, and you can connect your bank accounts to sync your spending at any time and from any location.

Because its accounting and invoicing services are free, we picked Wave Accounting as our best value accounting software for small businesses. Remember that payroll services and credit card processing have fees, so not all of the functions are free, and the free features aren’t as extensive as some of the other software possibilities. It is, nevertheless, ideal for young firms, particularly those working with an accountant or other software.


Xero is a cloud-based accounting system for small and developing enterprises. It was established in 2006 in New Zealand and is used by small company owners, accountants, and bookkeepers. It requires no accounting skills and is typically thought to be simple to set up and operate. It’s cloud-based, and there are Android and iPhone apps available. It’s well-known for its user-friendly interface and the ability to communicate with many users, including team members, employees, and your accountant.

We picked Xero as our accounting software for small businesses with the greatest extra features because it has a Hubdoc where you can collect bills and receipts, as well as project tracking and expenditures. It’s ideal for small company accounting due to its two-step verification, which keeps your data private, as well as its many plans for varied business needs.


GoDaddy, founded in 1997 in Baltimore, Maryland, is a household brand in the online hosting and website building industries, but it also provides accounting software for small businesses. 7 It includes features to help you automate and manage your bookkeeping and accounting solutions, and it requires no prior accounting experience. You may generate and send invoices automatically, accept online payments, and check company reports.

We selected GoDaddy as our top accounting software for an e-commerce firm since it is specifically developed for this purpose. It’s designed for e-commerce businesses, so you can get started quickly, and it syncs to Amazon, Etsy, eBay, PayPal, and other platforms. Remember that GoDaddy is wonderful for online merchants, but it may fall short if you’re a small business seeking for complete accounting solutions such as automation, tax forms, and payroll.

Zoho Corporation

Zoho Corporation was established in India in 1996 and presently has a corporate headquarters in California. It’s a small company accounting software that allows you to monitor your accounts, help you with as an invoice generator, work with your accountant in real time, and more. Accounting software, customer relationship management (CRM), inventory control, and human resource management software are among the options available.

Zoho Books was chosen as the best small company accounting software for automation because it provides powerful accounting tools and automation for bank feeds, categorization, invoicing, and more. It also includes over 40 app connectors, allowing it to work with the applications you already have. Zoho Books does not require any accounting experience and is simple to set up. However, it only provides payroll capabilities to firms in India, so if you require check stub maker solutions, you’ll have to go elsewhere.

How We Decided on the Top Accounting Software for Success Small Businesses

We selected the finest accounting software for small businesses after extensively studying and evaluating 20 different solutions. We then selected the best eight based on variables such as accounting features, functionalities, ease of use for non-accountants, and pricing.

All of our best recommendations need little to no accounting knowledge, offer inexpensive, configurable accounting capabilities that interact with other software and applications, and give cloud-based backup alternatives.

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