accounting software for bookkeepers

Zap Accounting is an easy-to-use bookkeeping software specially designed for small businesses. Even the non-accountants can benefit from this as it does all the accounting while you focus on your business. More than 360,000 businesses and more than 50,000 accountants and bookkeepers find this software reliable. Tax calculations, a typically complex endeavor, are made simple with ZarMoney.

  1. Now that business is expanding, get tools to simplify new demands and set everyone up for success.
  2. All plans allow integration with third-party apps such as Stripe or PayPal.
  3. We’re talking to our customers and tap into their needs and requests.
  4. As a result, many bookkeepers opt for cloud-based alternatives like QuickBooks Online to avoid these technical hurdles.

The program’s full suite of features is available for free — making it one of the few “one-stop-shop” solutions on this list. Lendio sets itself apart from other bookkeeping solutions with its dedicated bookkeeper services, but those services come at a hefty premium. As I mentioned, its free plan is self-service — which works for small businesses but might not be sustainable as your business expands. Accounting software can accommodate the expanding requirements by scaling up its functionality.

Join the partner program

So while Kashoo isn’t as comprehensive as competitors like QuickBooks, Xero, and FreshBooks, its customer service reputation is a definite point in its favor. If you’re searching for accounting software that’s user-friendly, full of smart features, and scales with your business, Quickbooks is a great option. If you need to categorize a bank transaction to a balance sheet account, such as loan payments, you simply can’t.

accounting software for bookkeepers

Let’s take a look at the seven top free accounting and bookkeeping software applications on the market. The onboarding of your clients is easy and takes only a few steps, after which you can assign access to your new client’s books and accounts to your team members. If your small business is fast-growing or you’ve already established a large client base, having the unlimited number of users feature could be an attractive option here.

While QuickBooks Online wins our top spot for now, we’re hoping that as Xero’s user base expands, more accountants and bookkeepers will sign on. That should make collaboration easier for Xero-using small-business owners who (wisely!) work with financial advisors around tax time. And thousands of accountants and bookkeepers do use Xero already, so you can search Xero’s directory to find a local accountant who’s already familiar with the software. The program is essentially designed to democratize accounting software. Luckily, there are some great free accounting software options available to manage business finances.

Its suite of resources lends itself to companies that fit that bill. QuickBooks Live and Ignite Spot Accounting are two competitively priced services, where Decimal is substantially higher in cost for the same services. One thing that we found that separated QuickBooks Live from the competition was its accuracy guarantee. Some businesses will appreciate this guarantee that the service stands behind its work. Learn to create meaningful reports and assess your business’s financial health using revenue, expenses, profits, and cash flow.

Wave Accounting: Provides expense categorization

Now that you’ve got the list of the best accounting software, you might be wondering how to make the right choice for your accounting practice. That’s why in the next section we pay attention to the key elements you need to keep in mind. Accountants can use Xero HQ on condition that they become members of the Xero partner program. Joining the program is free but you need to get training and certified, as well as build and maintain your Xero partner status. Note that apart from promoting Xero you’ll have to have at least one paid client Xero subscription, or be invited into at least one paid client Xero subscription.

Accounting software reduces the amount of time spent on manual data entry by allowing users to sync their business bank accounts and credit cards with the software. Once synced, bank transactions will flow into the accounting software, which can be categorized into various accounts. This process can also reduce human error, and make a time consuming task more efficient. Accounting software packages are specialized computer programs that help businesses, track invoices, generate reports, and record and report financial transactions. Large firms may choose complex, customized accounting software packages that track inventory, manage accounts payable and accounts receivable, and handles payroll. For smaller businesses, off-the-shelf packages like those highlighted here can accomplish most or all of the firm’s accounting needs.

The Rise of ‘K-everything’: How Culture Fuels Business Growth

QBDT also has some features not present in QBO, such as batch-adding large amounts of expenses or invoices from a spreadsheet and up to 40 users for extremely large companies. I recommend only learning and specializing in ONE cloud-based software, especially if you plan to start a bookkeeping business. As I mentioned earlier, if you need to shift from one accounting application to another, your existing data will have to shift too. Some free accounting solutions make that process more convoluted and frustrating than others — bear that in mind when you pick your preferred platform. Zoho Books is a robustly featured accounting solution tailored to help small businesses.

What is a QuickBooks live bookkeeper?

While I use and recommend QuickBooks Online (QBO) as the best software for bookkeepers, it all comes down to your personal preferences and the needs of your ideal clients. Besides QuickBooks Desktop, QuickBooks Online, FreshBooks, and Wave Accounting, there are some other software options for bookkeepers. The initial connection of my Relay bank accounts timed out, and a second attempt resulted in an error (412). While no bookkeeping software is perfect, QBO outshines its competitors with its masterfully designed bank feeds.

Additionally, many accounting software packages allow third-party application integrations. In a service-based business, a time-tracking application could integrate with the accounting software to add labor to a client invoice. The mobile app makes it easy to track mileage while driving and capture photos of receipts for business expenses.

You can also categorize expenses into different accounts to identify how much you’re spending on each expense account. To process credit card payment from a customer, Wave charges 2.9% plus 60¢ per transaction for Visa, Mastercard, and Discover and 3.4% plus 60¢ per transaction for American Express. Additionally, Wave charges 1% per transaction with a $1 minimum fee to process an ACH payment rather than a credit card. We like FreshBooks for service-based businesses because it excels at producing proposals, tracking time on projects, and receiving payments—all key processes for service-based businesses. FreshBooks’s primary function is sending, receiving, printing, and paying invoices, but it can also handle a business’s basic bookkeeping needs.

We’re talking to our customers and tap into their needs and requests. Keeping tabs on the changing landscape and ever evolving challenges of modern accounting, we know what features and functionalities solve major issues crippling the work of most accounting firms. What’s more, we’re aware of much smaller and unique demands of accounting professionals, which are conditioned by their clients’ specifics. This hands-on experience makes us experts in what we do and what accounting firms require. That’s why we’ll help you pick the software that best addresses the unique needs of your accounting firm and your clients. Enterprise resource planning (ERP) software includes all the features of accounting software, plus additional features such as CRM, inventory management and project management.