1. QuickBooks Online

QuickBooks Online is a big name in the accounting world, and for good reason. We've been keeping an eye on it, and it consistently ranks high for small businesses. It's got a ton of features, and while it might seem a bit overwhelming at first, it's actually pretty easy to get the hang of.

One thing we really appreciate is how customizable the dashboard is. You can set it up to show you exactly what you need to see, which saves a lot of time. Plus, the reporting tools are really comprehensive. There are so many pre-built reports, you probably won't even need to create your own. It's also great that QuickBooks Online connects you with bookkeepers when you need expert help.

Here's a quick rundown of what we like:

• Tons of features: It's got pretty much everything a small service business needs, from invoicing to expense tracking.
• Easy to use: The interface is clean and intuitive, so you won't spend hours trying to figure things out.
• Integrations: It plays well with other software, like payroll and CRM systems.

One thing to keep in mind is that QuickBooks Online's plans limit the number of people who can access the software. Also, upgrading from the Solopreneur plan can be tricky. If you think your business will grow, you might want to start with a more robust plan.

Overall, we think QuickBooks Online is a solid choice for service businesses looking for accounting software with a lot to offer. It's a bit more expensive than some of the other options, but the features and ease of use make it worth the investment.

2. Xero

Xero is a cloud-based accounting software, and we think it's a solid choice for small to medium-sized businesses. It's known for being easy to use and for how well it can grow with your business. Whether you're self-employed or running a growing company, Xero could be a good fit. It's designed to handle increasing financial complexity.

One of the things we like about Xero is that it lets you manage and automate invoicing from anywhere. Your team can also pull data from over 21,000 banks, which makes bank reconciliation way easier. Plus, it simplifies expense management, so handling claims and reimbursements is more efficient. It's great for businesses that want to streamline supplier payments and like detailed data visualizations.

Here are some things to keep in mind:

• Xero's project tracking is only available on the most expensive plan.
• It might not be the best if you need very detailed project tracking unless you're willing to pay more.
• Some users have mentioned that customer support isn't always the fastest, so you might spend some time waiting for help.

Xero's cloud-based setup means you can access your financial data from anywhere, which is super convenient. It also integrates with a bunch of other tools like HubSpot, Shopify, and Stripe, making it easier to connect your accounting with other parts of your business. Integrations are key for us.

Overall, we think Xero is a strong contender if you're looking for accounting software that's easy to use and can grow with your business. It's especially good if you value integrations with other business tools.

3. Zoho Books

Zoho Books is another solid option we've been checking out. It's got a lot going for it, especially if you're already in the Zoho ecosystem. We've found it to be pretty good at handling the basics, but it also has some cool features that set it apart. Let's get into it.

One thing that stands out is its automation capabilities. It's pretty neat how you can set up workflows and reminders to keep things running smoothly. Plus, it's got a scripting language called Deluge, which lets you customize things even further. It's like having a mini-developer in your accounting software!

Zoho Books also has a free version for businesses with revenue under $50,000. That's a pretty sweet deal if you're just starting out and trying to keep costs down. It's definitely worth checking out if you're on a tight budget.

Here's a quick rundown of what we like:

• Good automation features
• Affordable pricing, including a free version
• Decent customer support with 24/5 availability

We think Zoho Books alternatives are worth considering if you're looking for something a bit different. It's not perfect, but it's a solid choice, especially if you need comprehensive financial management. It's a good all-around accounting software, and we think it's worth a look. It's definitely one of the top accounting software options out there.

4. FreshBooks

FreshBooks is another solid option we've been checking out, especially if you're running a service-based business. It's got a really user-friendly interface, and it's designed to help you manage invoices, track time, and keep tabs on your expenses. It's definitely worth considering, especially with its customizable invoicing options.

• Easy invoicing
• Time tracking
• Expense tracking

One thing we noticed is that FreshBooks really shines when it comes to invoicing. You can customize your invoices to match your brand, which is a nice touch for presenting a professional image to your clients. Plus, it automates a lot of the invoicing process, like sending reminders for overdue payments, which can save you a ton of time and hassle.

FreshBooks is a cloud-based accounting software platform for freelancers and small service-based businesses. It supports several features service businesses need (proposals, estimates, time tracking) and sells some functions as add-ons.

However, it's not all sunshine and rainbows. One potential downside is that it can get a bit pricey if you need to add a bunch of team members to your account. Also, it doesn't have some of the more advanced features that you might find in other accounting software, like inventory management or purchase orders. So, if you need those features, you might want to look elsewhere. But overall, FreshBooks is a solid choice for service-based businesses that need a simple and effective way to manage their finances. We think the excellent phone support is a big plus, too.

5. Sage Business Cloud Accounting

We've reached our final pick: Sage Business Cloud Accounting. It's a solid choice, especially if you're looking for something that balances desktop features with some cloud accessibility. Let's get into what makes it tick.

Sage stands out because it still offers a desktop version, which is a rarity these days. This can be a big plus for those of us who prefer the traditional feel of desktop software, but with the added benefit of cloud connectivity for remote work and data backups. It's like having the best of both worlds.

Here's a quick rundown of what we like and some potential drawbacks:

• Expense control features that let you assign cost codes to jobs.
• The option to use a desktop version of the software.
• Bank feeds to import transactions and speed up reconciliation.

One of Sage's best tools is cash flow management. It helps you keep a close eye on your finances, which is super important for making smart decisions about your business. Plus, it's got some pretty cool features for inventory, job costing, and budgeting, which can be a lifesaver if you're in construction or manufacturing.

While it's got a lot going for it, the user interface can feel a bit dated compared to some of the slick, cloud-native options out there. It can also be a bit pricier than those pure cloud solutions, and it doesn't have as many integrations as some of its competitors. But if you value that desktop option and robust accounting software, Sage could be a great fit.

For those with more complex needs, like multi-entity or multi-currency management, Sage Intacct might be worth a look. It's got advanced reporting tools and can handle international operations without breaking a sweat. It also integrates with a bunch of other platforms, like Salesforce and QuickBooks Online.

Sage Business Cloud Accounting is a great tool for managing your finances. It helps you keep track of your money easily and makes accounting simple. If you want to learn more about how it can help you, visit our website today!

Frequently Asked Questions

What is accounting software?

Accounting software helps businesses keep track of their money. It can manage things like sales, expenses, and taxes.

Why do I need accounting software for my service business?

If you run a service business, accounting software can make it easier to handle invoices, payments, and financial reports, saving you time and effort.

Is accounting software easy to use?

Most accounting software is designed to be user-friendly. Many offer tutorials and support to help you learn how to use them.