3 Top Picks for Cloud-Based Accounting

Your small business or new start-up does not need expensive accounting software to manage bookkeeping, a general ledger and other such basic accounting tasks. You can take your pick from these three reasonably priced cloud solutions.

As the owner of a small business, you need not buy expensive accounting programs or trouble yourself with complicated reports. With the cloud accounting services available today (accounting software that is stored and accessed online), the entire accounting process has become simplified. Not only can you get your general ledger created, but you can also receive invoices and view your purchase history or business inventory. You will also not have to worry about data back-ups or upgrades, as these will be taken care of by the vendor.

Here are three cloud accounting service options that not only cost a meagre $20 a month, but are also easy to use by business owners with little or no experience in handling accounting functions.

  1. Xero

    With Xero, you can check your cash flow in real-time and share access among your team members. With the dashboard, you can see your bills, bank balances, invoices or expense claims at one glance. Data accounts can also be monitored from the dashboard. Xero’s exceptional feature of online collaborations can enable all your employees to work as a team on your accounts. You could also share your data with a bookkeeper/accountant and ask for their advice.

    You can invite any number of people for free, while still maintaining control over what each person can view. Through its invoicing system, you can provide customers with online invoicing. Xero can also be used to schedule payments and track credits/returns. Xero is priced at $19 per month and also comes with user-friendly mobile apps.

  2. FreshBooks

    FreshBooks is a very simple cloud accounting services that can help you organize your business and get paid on time. Since FreshBooks is hosted online, you can quickly access your data from anywhere, be it from your smartphone or desktop. Your data will be kept secure and regularly backed-up.

    Another helpful feature that this software offers is its step-by-step wizard and help boxes that appear when you perform any new tasks like adding a new customer to your records or creating a new invoice. The basic plan starts at $19.95 per month and comes with a free trial of 30 days. From the add-on store you can add new features and functions to FreshBooks.

  3. QuickBooks Online Simple Start

    QuickBooks is now synonymous with business accounting, with QuickBooks Online Simple Start being a cloud accounting program for accounting requirements of small businesses. The online version costs $12.95 per month and comes with a free trial of 30 days. With the aid of this software it is simple to track sales/expenses, download banking transactions, create invoices or access data from a mobile device.

    You can also print checks or export data into Microsoft Excel. With the option of add-ons, you add a payroll bundle to pay your resources or a merchant service app that can help you accept credit/debit cards and checks.

Which one of these cloud-accounting programs would you like to try? Let us know by leaving a comment in the box below. We, at Outsource2india love to hear from you!

Find out more about outsourcing accounting services to Outsource2india.

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