5 Best Accounting Softwares for Startups and Small Businesses

5 Best Accounting Softwares for Startups and Small Businesses

Small Businesses Many companies, no matter their size, have discovered that Excel is not enough to meet their accounting requirements. SaaS agencies and start-ups have unique accounting requirements that can’t be met with basic accounting software. Every company must track their monthly revenue. Excel, however, makes it difficult for companies to do such a task.

Many companies neglect the importance of accounting and try to manage it themselves. They end up wasting time and money just to avoid hiring.

These 5 top accounting software options for startups and small businesses can streamline your accounting process and increase efficiency.


Xero, an accounting SaaS platform that allows small businesses and startups to access and keep track of financial data in real time from anywhere and anytime, is a great tool. This tool can be accessed from any device. It is an excellent tool for accounting. It helps companies to track receivables and payables, wages tracking, revenue tracking, and many other tasks.

The tool supports multiple languages. Xero reports currency exchange updates in real time. Xero’s SaaS-based owners have the ability to customize it according to their requirements.


  • Tracking and payment of bills
  • Track your expenses
  • Setup bank feed
  • Online payment assistance
  • Tracking job opportunities
  • Payroll integration with Gusto
  • Reconciling and categorizing transactions
  • Contact management
  • Automated data collection
  • Accounting reports
  • Price
  • Early Plan at $12 Per Month
  • Growing plan starting at $34 per Month
  • Plan established at $65 per Month
  • Rating
  • Capterra: 4.3
  • G2: 4.3

Zoho Books

Zoho Books, another excellent accounting tool for businesses, is Zoho Books. Zoho Books offers many advanced features, including templates for invoices and domain customization, bulk payments, bulk payments, project deletion, bulk payments, bulk payment, bulk billing, and bulk payments. It can automatically send reminders for payment and helps you track retainer invoices. Integration with Stripe makes it easy to reconcile payments.

This tool can eliminate any miscommunication between sales and accountancy units. It supports mobile optimization so you can integrate it with other apps relevant to your business.


  • Invoicing customized
  • Professional estimate creation
  • Client portal
  • Tracking expenses
  • Bill generation
  • Tracking bank transactions
  • Inventory level monitoring
  • Tracking of projects in the millions
  • Real-time report scheduling
  • Document storage simplified
  • Price
  • Limited features in a free version
  • Standard version at $9.87 per month
  • Professional version starting at $19.75 per Month
  • Premium version starting at $39.50 per Month
  • Elite version at $65.85 per month
  • Ultimate version at $105.36 per month
  • Rating
  • Capterra: 4.4
  • G2: 4.5


Wave is a SaaS accounting tool that’s free. Wave is a tool that was specifically designed for small businesses with fewer than ten employees. This tool is also available to independent accountants and consultants. It is easy to use, but it offers the highest level of security.

Wave allows unlimited invoicing and real financial analysis. Wave’s features like automatic payments and recurring billing make it easy to create and send professional invoices.


  • Invoice tracking
  • Cloud-hosted platform
  • Management of expenses
  • Interface is simple to use
  • Centralized dashboard
  • Conversion of quotes
  • Reminders for active invoices automatically
  • Multilingual support
  • Mobile app
  • Pricing model that is pay-per-transaction
  • Price
  • No cost
  • Rating
  • Capterra: 4.6
  • G2: 4.4

Intuit – QuickBooks

If your business is a high-growth one and has challenging financial evaluation requirements, Intuit QuickBooks is the right SaaS accounting software for you. The tool offers many useful features, including inventory monitoring and payroll management. It also has other features that are specific to your industry. This makes financial transaction tracking much easier. This tool has many great features but its main function lies in financial reporting and management.

This platform is easy to use and uses simple language. It can store a lot of documents, so even complicated accounting tasks are possible.


  • Cloud account management
  • Professional invoice creation
  • Customized sales receipts
  • Integration of QuickBooks Online Banking
  • Automated bank statement and transaction updates
  • Reports and dashboards that can be customized
  • Recurring payment scheduling
  • Time tracking for employees
  • Access via mobile and tablet
  • Support for customers is free
  • Price
  • $6.97 per Month with a 30-day trial
  • Rating
  • Capterra: 4.3
  • G2: 4.6


FreshBooks, another SaaS accounting tool that is efficient and useful for freelancers and businesses, makes accounting tasks easier. This tool excels at invoicing and time tracking. The centralized dashboard offers many useful features, including reminders for overdue payment, payment claims, delay fees and payment gateways.

FreshBooks can automate recurring billing processes. All payment methods, including credit cards, PayPal and Amex can be integrated with FreshBooks. The redesigned dashboard makes it easy to collaborate with your employees.


  • Customizable invoices
  • Automated reminders to remind you of pending payments
  • Application for an automated late fee
  • Multiple payment modes
  • Recurring invoices can be scheduled for invoicing
  • Customizable due date setting
  • Centralized storage for sent and received invoices
  • Invoices available in multiple languages
  • Invoice duplication
  • Multiple currencies are available for billing
  • Price
  • Lite version at $6 per month
  • Plus version available at $10 per Month
  • Premium version starting at $20 per Month
  • Choose version – Custom pricing
  • Rating
  • Capterra: 4.5
  • G2: 4.5

It can be difficult to choose the right accounting tool among all of the options available. This list will help you make an informed decision about the best SaaS accounting tools.

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