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Top 10 Accounting Software for Small Businesses in 2024

Are you searching for the best online accounting software providers for your small business? Find here our recommended best accounting, and bookkeeping software which also offers online applications as it integrates smoothly with bank accounts and Point of Sale Systems which are essential in the daily operation of small businesses.

We research almost 18 different accounting software providers providing online access and analyze the different features, benefits, and customer service facilities of those companies.

10 Online Accounting Software

1. Freshbooks – Best Overall

Freshbooks was launched in 2003 in Toronto. It is the leading online accounting solution worldwide aimed exclusively at small business owners. It suits perfectly service-based business owners. More than 10 million people have used FreshBooks for their accounting needs.

freshbooks accounting software

Freshbooks accounting mobile app provides intuitive, easy-to-use tools to help with all basic accounting requirements like invoicing, expense tracking, timekeeping, etc.

2. QuickBooks

QuickBooks accounting software package was launched in 2002. It is developed and marketed by Intuit. QuickBooks software is aimed mainly at small and medium-sized business enterprises. It offers both on-premises accounting as well as cloud-based applications.

QuickBooks Online offers true double-entry accounting. It also provides a wide range of reports and charts of accounts. Additionally, the software offers customizable invoices,  payroll support, multiple currencies, and inventory support. Quickbooks also has 400 app integrations.

3. Zoho Books

Zoho Books is a cloud-based accounting software aimed mainly at small businesses. The software was launched in the year 2011. Today the software serves more than 1 million customers worldwide.

Zoho Books helps you in sending professional invoices to customers and receive online payments from a single platform. The software offers easy-to-do features like cash flow statements, P&L, Balance sheets, etc.

4. Xero

Xero was founded in 2006 in New Zealand. Forbes recognized Xero as the World’s Most Innovative Growth Company in 2014 and 2015.

Xero online accounting software provides its subscribers with an easy-to-use user interface. You can easily browse through graphs showing your bank accounts, invoices, bills, expenses, reports, etc.

5. Wave

Wave started its operations in the year 2010 in Toronto. It is a free online accounting, bookkeeping, and invoicing software.

It is one of the few fully featured accounting software offered free of cost. You can create invoices, track expenses, scan receipts, and send emails for free.

6. AccountEdge Pro

If you are a Mac user and looking for an accounting software fit for your device, AccountEdge Pro comes as a valid option.

AccountEdge is premium accounting for Mac since 1989. The software can be operated from any country by just setting the home currency.

7. Sage 50 C

Sage has more than 3 million customers worldwide and 30-plus years of experience helping businesses with their accounting needs. Formed in 1981, Sage was floated in 1989. Sage has millions of customers and over 13,000 employees in 23 countries.

Sage 50c accounting software is basically desktop software with built-in anytime, anywhere cloud access apps.

8. Kashoo

Kashoo, a Vancouver-based software development organization a new entrant in the online accounting software market. Presently, it is one of the most popular online accounting apps in the world. It serves clients in over 180 countries.

Kashoo accounting app offers all the basic requirements of a small business like creating and sending professional invoices, and reports, tracking expenses, real-time bank feeds, etc.

9. One Up

OneUp is one of the fastest online accounting software for small business owners. The company is based in San Francisco. OneUp has clients in over 50 countries, and its software has been installed by 700,000 small business owners.

OneUp accounting software can match a bank transaction with existing overdue invoices, vendor bills, or bank transfers or creates a new one if needed.

10. GoDaddy Online Bookkeeping

Previously, the Godaddy online bookkeeping software was named Outright. GoDaddy acquired Outright in the year 2012. GoDaddy bookkeeping software aims at helping entrepreneurs in paying the right taxes and organize their income and expenses. It also their businesses on track.

Purchasing accounting software is a huge decision in any business as such. Before finalizing, talk to your accounting team or at least with the people who manage your company’s accounts.