When it comes to accounting software, most small businesses need options – and plenty of them.
Since no two small businesses are the same, small business owners require accounting solutions that are tailored to meet their operational and system requirements. Features are important, but the issue of the platform itself is often the determining factor in the purchasing decision.
More and more small companies are opting for web-based small business accounting software applications. Software as a service (SaaS) solutions have made steady inroads in the small business community because they require a lower upfront investment and offer anytime, anywhere access to critical data and information processes.
Web-based accounting software has most (if not all) of the same features as accounting software that is located on a desktop or server environment. The only differences are that an Internet connection is mandatory and you may experience slightly slower speeds compared to similar desktop applications. If that isn't a problem for you, here are several online small business accounting software solutions that are worth evaluating.
Quickbooks (Intuit) is one of the most trusted names in the accounting software industry. The online version is as popular as the desktop version with small business owners because it provides a combination of functionality and flexibility. Quickbooks Online handles accounting, invoicing, inventory, payroll, reporting and more for as little as $20 per month ($40 for the full version).
NetSuite web-based accounting software is designed to address multiple business functions. In addition to a quality general ledger and billing application, you'll have the ability to manage invoices, create estimates, track time, write checks, monitor inventories, amortize loans and accomplish other tasks that are beyond the reach of many desktop accounting solutions. Monthly subscription rates are $99 for the first user and $49 for each additional user.
Less Accounting is a simple web-based accounting application for companies that don't require the bells and whistles of top-tier solutions. On top of basic accounting and reporting, users have the ability to manage contacts, sales leads and other information that is important for daily operations.