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Small business owners typically handle their books in-house and if you are looking for the best software to handle this task, we have the info that you need. Keeping track of accounts as well as payroll and inventory is a lot more manageable when you have the right tools and we have taken a look at the most effective and user-friendly options. The top three accounting software products currently available on the market are QuickBooks, AccountEdge Pro, and Xero. Keep reading to learn more about their different features and how they can help you with all of your business’ accounting needs.

Top 3 Accounting Software Products

• QuickBooks
• AccountEdge Pro
• Xero

QuickBooks

This popular software program is easy to use and creates straightforward and insightful reports. There are different feature levels and Intuit is currently offering a free trial for 30 days on all of their products. This subscription service covers everything from tracking income and expense to tax planning. As Intuit also has the popular Turbo Tax filing taxes can become a more seamless process when both products are used. Unless you opt for the most basic package, the software will support multiple users, time tracking, and can even pay your 1099 contractors. The basic version begins at $10 while the Plus option is $50 per month.

Highlights

• Free 30-day trial to ensure the product is right for you
• Ability to pay contractors through the billing system
• Integration of QuickBooks with Turbo Tax makes filing a much simpler process

This desktop program is compatible with both Mac and PC machines and is one of the highest rated packages year after year. There is also an app available in order to easily access information while on the go. The integrated payroll option makes paying employees and contractors a simplified process that is instantly reflected in your accounts. The program is also able to automatically create UPS labels from your invoices to create a more efficient shipping and inventory process. This is not a subscription service but a software purchase that starts at $399 for a new user with discounts available for multi-user offices.

Highlights

• Compatible with mobile devices to allow you to access your information while on the go
• Easy implementation if you want to migrate to AccountEdge Pro from QuickBooks for Mac
• Fully integrated payroll process that is seamlessly integrated with your account

Xero

This online software package is tailor made for small businesses that are looking to grow. Their software focuses on time savings and efficiency in order to help your business focus on growing rather than on accounting. There is currently a free 30-day trial period that will let you check out the many services that Xero can offer in addition to meeting all of your tax and accounting needs. Their invoice system automatically emails statements and can even alert you when they have been opened. Basic service begins for as little as $9/month with the standard package at a still affordable $30/month.

Highlights

• Well-suited for small businesses and companies that are looking to grow
• More device and mobile friendly for business owners that are on the go
• Synchronized information provides real-time cash information and positions

Conclusion

Finding the right accounting software is a key component to efficiently managing your small business. These top three accounting software products offer comprehensive programs to help you manage your accounting needs.