Loading...

Four options of accounting software for small business

129 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Jun 20, 2016

There are several options of Accounting software for small business! Today I will be talking about four popular cloud based accounting software apps.

As I mentioned in the previous episode, before looking for accounting software, think about what you need for your business:

- What volume of transactions do you expect?
- Do you need payroll?
- Do you need to track inventory?
- Do you have a bookkeeper?

Inventory/ payroll/ small and mid-size
Quickbooks — There are four different options for Quickbooks online with different levels of functionality. Inventory support is available with the Plus option. Quickbooks is great for small and mid-size businesses. Online- integrates with other applications. A lot of accountants are familiar with it.
Xero — Started in 2006. Xero provides very good functionality for small and mid-size business, and it integrates with several applications to complement their product offering. It has basic inventory functionality and it has a step-by-step tutorial to set up payroll. They recently added payroll support for the State of Colorado. Integrates with more than 500 business apps.
Micro-businesses / Serviced based business
Freshbooks — This is accounting software for small businesses and sole proprietors. With a starting cost of less than $15/month, Freshbooks has time tracking capabilities for service- based businesses. It integrates with third-party providers for payroll services. Recently partnered with Gusto to handle payroll.
WaveApps — How does “free” sound to you? WaveApps provides free accounting software for service-based businesses with up to 9 employees. How do they make money? They charge for payroll services or for processing payments. WaveApps also allows you to log journal transactions (a great features for geeks—like me ;-) —that like to keep track of credits and debits).
Next episode: how to create invoices in WaveApps.

Loading...

When autoplay is enabled, a suggested video will automatically play next.

Up next


to add this to Watch Later

Add to

Loading playlists...