5 Best Accounting Softwares For Startups and Small Business

5 Best Accounting Softwares For Startups and Small Business

No matter how large or small their company, many have found that Excel doesn’t suffice for their accounting needs. SaaS-related agencies Startups and Small Business, in particular, have complex accounting requirements that cannot be met using simple accounting software. Monthly revenue tracking is a vital task for any company. Excel is however difficult to perform such a task.

Many businesses tend to ignore the importance and manage their accounting themselves. This can lead to a lot wasted time and resources.

These are the 5 best accounting softwares for small businesses and startups. They can streamline your accounting workflow, improve efficiency, and help you get more done.


Xero is a powerful accounting SaaS tool that allows startups and small business owners to view and track financial information in real-time, from virtually anywhere. It can be accessed via any device. This tool is an efficient accounting tool that helps companies complete many tasks such as revenue tracking, receivable tracking, payroll tracking, and wage tracking.

This tool is also available in multiple languages. Xero provides real-time updates on currency exchange. Xero offers SaaS companies the opportunity to easily customize their service.


  • Tracking and bill payment
  • Track expenses
  • Bank feed configuration
  • Online payment assistance
  • Monitoring your job
  • Gusto integrated for payroll
  • Consolidating and categorizing transactions
  • Contact management
  • Automated data capture
  • Accounting reports
  • Prices
  • Early plan starting at $12 per Month
  • Growing plan starting at $34 a month
  • Pre-established plan starting at $65 per monthly
  • Rating
  • Capterra: 4.3
  • G2: 4.3

Zoho Books

Zoho Books is another accounting tool that companies will love. Zoho Books features many advanced features such as templates for invoices. Domain customization, recurring journals. bulk payments. Project deletion. You can easily Startups and Small Business track retainer invoices and send automatic reminders. Integrating with Stripe allows for easy payment reconciliation.

This tool eliminates any miscommunication between the sales and accounting units. This tool is mobile optimized, so it can be easily integrated with other business applications.


  • Invoicing custom made
  • Professional estimate creation
  • Client portal
  • Tracking expense
  • Bill generation
  • Banking transaction tracking
  • Inventory level monitoring
  • Project tracking available in a billable amount
  • Real-time report scheduling
  • Streamlined document storage
  • Prices
  • Version free with limited features
  • Standard version at $9.87 per month
  • Professional version available at $19.75/month
  • Premium version available at $39.50/month
  • Elite version at $65.85 per month
  • Ultimate version at $105.36 per month
  • Rating
  • Capterra: 4.4
  • G2: 4.5


Wave is an affordable SaaS accounting software. This tool is specifically made for small businesses that have fewer than 10 employees. You can even Startups and Small Businessrely on independent accountants or consultants to use this tool. Although it’s very easy to use, it provides the best security for the data and information that it processes.

Wave lets you invent unlimited invoices and allow you to analyze your company’s finances. Automated payments and recurring bills make creating and sending professional invoices easy.


  • Invoice tracking
  • Cloud-hosted platform
  • Management of expenses
  • Simple interface
  • Centralized dashboard
  • Quote conversion
  • Automated active reminders of invoices
  • Multilingual support
  • Mobile app
  • Pricing model based upon pay-per transaction
  • Prices
  • All are welcome
  • Rating
  • Capterra: 4.6
  • G2: 4.4

Intuit – QuickBooks

Intuit – QuickBooks is the ideal SaaS accounting solution for high-growth businesses with complex financial evaluation needs. The tool includes many useful features such as inventory monitoring, payroll management, and other features specific for your industry. This will make financial transaction tracking simpler. This tool is packed with great features, but its primary function lies in financial reporting.

The platform’s simple language and easy navigation will make it easy for you to use. You can easily handle complex accounting tasks because it has an enormous document storage capacity.


  • Cloud account management
  • Professional invoice production
  • Customized sales receipts
  • QuickBooks integration for online banking
  • Transcript and bank statement updates automatically
  • Dashboard and reports customizable
  • Recurring payment scheduling
  • Time tracking of employees
  • Access to mobile and tablet apps
  • Customer support is available at no cost
  • Prices
  • $6.97 per month, with a 30-day complimentary trial
  • Rating
  • Capterra: 4.3
  • G2: 4.6


FreshBooks is another SaaS-based accounting tool that provides many useful solutions for freelancers as well as businesses. It makes accounting tasks much easier. This tool is especially useful for time tracking and invoicing. This tool offers several useful features such as reminders for overdue and delayed payments, payment claims, delay fee, and payment gateways.

FreshBooks makes it easy to automate billing processes that are recurring. It also integrates with all payment methods like Amex and PayPal. The new dashboard allows for effective collaboration between employees.


  • Customizable invoices
  • Automated reminders for pending payments
  • Late fee application automatically
  • Multiple payment modes
  • For recurring invoices, schedule invoicing
  • Customizable due date setting
  • Centralized storage of received and sent invoices
  • Invoices in multiple language
  • Invoice duplication
  • Multi-currency billing
  • Prices
  • Lite version at $6 per month
  • Plus version starting at $10 per month
  • Premium version available at $20 per monthly
  • Pricing for Select Versions: Custom Pricing
  • Rating
  • Capterra: 4.5
  • G2: 4.5

Making the right decision can be challenging with so many accounting tools today. This list can be a tremendous help in determining the best SaaS tool for accounting.

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