6 Best Small Business Accounting Software

If you’re not an accountant, selecting accounting services for startups a platform that automates tasks like transaction categorization and tax calculations can save time and reduce mistakes. Before selecting accounting software, consider what your business requires. A self-employed freelancer may need only basic invoicing and expense tracking, while a retailer might require inventory accounting and automated sales tax calculations. Businesses that handle international clients might need multi-currency support. FreshBooks simplifies invoicing and expense tracking, but managing reimbursements and syncing financial data can still be time-consuming.

Bank Reconciliation

• PSG supports a variety of sectors, including Healthcare & Tech, SaaS, Consumer Brands, and Professional Services.
• “The bank feed automation alone saved 20 work-hours per quarter”, says TacoBots’ CFO.
• Additionally, all plans currently offer 50% off for the first three months, lowering the Essentials plan to $32.50 per month during this period.
• High-end accounting packages add more forecasting and analytics features, as well as personalized customer support.
• The service pairs clients with dedicated CPAs who provide year-round tax support, proactive tax planning and quarterly financial reviews.
• Make tax-deductible contributions to your fund, and send grants to any nonprofit from one account.

Users can effortlessly create and send professional invoices, track expenses, and reconcile bank transactions for accurate financial reports. With an enduring free plan, users https://jt.org/accounting-services-for-startups-enhance-your-financial-operations/ can send unlimited invoices, manage customers seamlessly, access basic reports, and connect to one bank account. AccountEdge is a desktop accounting software designed for startups and small to medium-sized businesses.

best accounting software for small businesses in 2025

If you’re looking for an affordable, easy-to-use solution with room to grow, Wave is a solid choice. It also calculates sales tax, VAT, and other tax obligations based on your location. When tax season arrives, the software generates reports that you can import into tax filing software or send to your accountant. Whether you’re tracking subscription churn or monitoring profitability, having up-to-date reports helps you pivot strategies quickly and stay ahead of financial risks.

QuickBooks Online

• The right tools do more than simplify bookkeeping—they deliver real-time financial insights, empower data-driven decisions, and fuel growth at every stage.
• Stampli is a interactive invoice management and accounts payable software tool.
• NetSuite users praise its customization options that allow them to tailor the software to their specific needs.
• Its strong integration with other Microsoft products—like Office 365 and Power BI—means you can enjoy seamless data sharing and insightful analytics.

The free version lacks some of the bigger features suitable for larger enterprises but still has much to offer. Examples of financial statements you can generate include income statements, balance sheets, profit and loss (P&L) statements and sales analysis by item, customer and salesperson. The interface is clean, and you can toggle modules on or off to see only the features you actually use.

The detailed end-of-year reports can also help you get a clear view of your finances and streamline your operation. In terms of features, QuickBooks is one of the best value for money options on the roundup. It’s one of the few apps that allows you to handle multiple currency banks on the cheaper plans (starting on Essentials).

🔍 What to Look for in Startup Accounting Tools

While free accounting software is available, it’s important to find a program that gives you what you’re looking for at the standard your company requires. Free doesn’t always mean faulty, but some free services and software lack sophistication or efficiency. Cloud-based software can grow your business at an affordable price point as well.