Top Cloud Accounting Software for Small Business Compared

The 8 year old cloud accounting software is designed for small businesses with better user interface. It delivers some great third party applications that keep everything intact.

Some of it’s great features such as cash flow, invoicing, automated payments and payroll help you manage

business more efficiently.

Pricing:

Xero

$20 /month

• 5 invoices and 5 bills in a

month

$30 /month

• higher number of

invoices and bills

$40 /month

• all features including dealing in

multi-currency

A great choice for small businesses and accountants that makes accounting quick, easy and painless. It has time

saving features such as faster payments , payroll and 1-click reports that help you manage business finance easily.

Pricing:

QuickBooks Online

$7.99 /month

• Simple Start version for

simple businesses

$13.99 /month

• Essentials version for growing

businesses

$17.99 /month

• Plus version for

established businesses

One of the simple and easy to use cloud accounting software that automate invoicing, expense tracking and

bookkeeping.

Pricing:

Kashoo

$5/month

• Solo Plan

$20/month

• Business Plan

Wave is a free & easy accounting, invoicing and personal finance software. It has features such as automatic

payments, payroll processing and personal finance tools that help you run your business better.

Pricing:

Wave

$0 /month

• 100% free plan

$9/month

• Starting plan – pay your employees

$19/month

• Business plan – get expert help

Popular cloud accounting solution specially designed for micro business and freelancers. It offers easy invoicing,

accounting, time & expense tracking and project management features together in one place.

Pricing:

FreeAgent

$20 /month

• Universal plan includes all features

Another popular, user friendly cloud accounting solution designed with a with a focus on time tracking and

invoicing.

Pricing:

FreshBooks

$0 /month

• 100% free plan – only 1 client you can manage

$19.95 /month

• Seeding plan – max. 25 clients you can manage

$29.95 /month

• Evergreen plan – only 1 staff can access software

$39.95 /month

• Mighty Oak – fully functional

The prominent users of cloud accounting software are mainly accounting professionals and small business

owners.

Accountants prefer functionality over user interface and look of the software, whereas SMB owners look for a

mixture of both interface and functions.

What Accountants & SMBs want?

We are not going to declare any of the software as the best cloud accounting software. Each has its own pros and cons

depending on the type of the business.

Let’s compare them on the basis of their functionality.

Cloud Accounting Recommendation

Fully Functional Cloud Accounting Solution

QuickBooks online and Xero are clearly complete, advanced and complex package that offers complex accounting features and fit automatically according to the needs of business. These

are more focused on accounting professionals than other software.

Kashoo is kind of in-between application in that it has both the simplicity of use that SMBs like, while at the same time it has

features to satisfy the primary needs of accounting professionals.

vs.

Xero has been the most innovative accounting software and it has also been more open to new technologies. They are

also very committed towards their customers and even their top officials get involved in solving the customer queries.

QuickBooks Online has a wider customer network because it has followed some strict norms when it comes to the

design of the interface, look and feel of services and even bringing in new technology.

Non-Fully Functional Cloud Accounting Solution

Though markets are dominated by QuickBooks online, Xero and Kashoo but there are other accounting software as well

that have the capability to deliver results.

Here are some:

Non-Fully Functional Cloud Accounting Solution

Wave:

Wave has all the features required to perform most of the basic things that an accounting professional would expect.

FreeAgent:

FreeAgent is a billing software for freelancers. If you are working as a freelancer or working on a small project which has a deadline,

FreeAgent will definitely do that for you.

FreshBooks:

If you’re a freelancer or small vendor with a focus on expense and time, FreshBooks is a pretty great solution.

Finding The Right Place

Before you finalize what accounting software is the best, make sure that it is within your geographical reach as well.

Xero, a market leaders for accounting software in New Zealand, makes it a better option for New Zealanders and Australians, whereas QuickBooks Online is best suited for

Americans and Canadians.

FreeAgent, a UK based company, is tuned for those in UK. Both, Wave and Kashoo have focus on Canadians.

About Us

Ace Cloud Hosting powered by Real Time Cloud Services (RTCS), is an Authorized commercial QuickBooks Cloud Hosting and Application Hosting Service provider to CPAs, SMBs, Bookkeepers and ranks amongst the leading QuickBooks hosting providers.

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References:

www.sleeter.com/blog/2013/08/cloud-accounting-recommendations/

www.acecloudhosting.com/blog/2488_top-5-accounting-solutions-for-small-businesses/

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