Top Accounting Software for Small Business in 2021

As a small business owner, you have a lot of daily activities to catch up with. Its time to ask yourself that are you really able to cope with all of your business functional areas at the same time? Won't you feel tired handling all of these by yourself? If yes then one question:

Why not accounting software?

Why Use Accounting Software?

Nowadays, accounting and bookkeeping often means a lot to a company and has become one of the most vital needs of a company. Why so? Well-managed finances often indicate that the overall financial health of a company is great! Using accounting software like Xero and Intuit Quickbooks, it can help you to manage your company's finance way better. It offers the automation of the accounting and bookkeeping process which saves you a huge amount of time and costs compared to doing them by yourself.

Most importantly, accounting software simplifies the tracking of financial transactions and is capable of generating various types of financial reports in a quick glimpse. Different from the traditional way, the recording of financial activities no longer need to be performed manually by individuals, instead it can be now done easily and automatically using accounting software, at the same time allows full control to the business owners.

Benefits of Using Accounting Software

Before we start talking about accounting software, lets make a quick review some of the benefits of using an accounting software for managing your company finances:

Greater Financial Control

Accounting software enables business owner to seamlessly manage their accounts, even if you are not accounting professionals.

Cost-Saving

Accounting software automates the calculation and administrative process, so you do not ever need an in-house accountant for that!

Increased Data Accuracy

One of the most significant advantages of accounting software is its increased accuracy and quickness where It gives you real-time data to assist you streamline your company processes.

Improved Business Decision Making

With all types of financial reports that are able to be generated by accounting software, you can now analyze your financial condition better and make the best decision for your company growth.

Check out more on benefits of using accounting software here!

Accounting Software Overview

An accounting software generally includes functional modules such as accounts payable, accounts receivable, journal, general ledger, payroll, and trial balance that record and handle a variety of accounting and bookkeeping information. Without further ado lets jump into our today's main topic, below are some of the best accounting tools you can find in 2021!

Xero

Founded in New Zealand in 2006, Xero is considered as one of the world's fastest-growing software as a global service company. For twice, the accounting software has been ranked by Forbes as the World's Most Innovative Growth Company in the year 2014 and 2015. Xero is an online accounting software for small and developing businesses that allow you to access your company's finances from any internet-connected device, such as a phone, tablet, or computer, at any time.

Online accounting with Xero gives you a world of possibilities for increasing productivity, streamlining your business management, and infusing beauty into your workday. Xero can be easily set up even for people that have zero accounting knowledge. Besides, its clean and simple to operate dashboard can also provide a real-time and easy-to-understand overview of your business, click here to view Xero pricing plans!