The Best Accounting Software for Multiple Businesses

Some businesses plan to stay very small, though, and only need basic accounting software that’s simple to use. If you are in the market for multibusiness accounting software, there are some essential factors you should consider. The table below displays how these top solutions approach some of the most critical features in multibusiness accounting software. You can also match related transactions, such as an invoice entered into the system and a corresponding payment that has come through. You can split transactions that should be assigned to multiple categories, make notes, and reconcile your accounts with your bank and credit card statements. Accounting services pay special attention to your company’s expenses—not bills that you enter and pay (though some support this), but rather other purchases you make.

Zoho Books – Best Integration Options

This is an area of your finances that can easily get out of control if you don’t monitor it. So, small business accounting software separates them into expense types. Next, the software compares them to your income using totals and colorful charts. One of the great things about using small business accounting software is that it reduces repetitive data entry.

Comprehensive features

From there, I could click “+New Project” at the top of the resulting screen and fill out a simple form to add my new project. Users give Zoho Books a 4.4 out of five-star rating on Capterra and 618 reviews. Users say the features are intuitive to use, though the system as a whole comes with a slight learning curve. They like that it has all the features they need to handle small business accounting and invoicing and that it integrates with other Zoho tools. Some say they have experienced delays in product functioning, specifically when working with large data sets. Automate your accounting with the best small business accounting software available.

• You need accounting software built for multiple businesses to remove the stress from your finances.
• This software suits any business size, including small to large enterprises.
• Meanwhile, consolidated financial statements generally require more sophisticated and expensive software.
• Overperforming branches can be rewarded appropriately, and your business can easily create benchmarks for future quarters.
• It’s refreshing to see a software developer take a step back and develop a very simple accounting application for the many millions of extremely small businesses that process fewer than 500 transactions per year.
• And, like QuickBooks Online, FreshBooks includes built-in mileage tracking—a must for freelancers who plan to claim mileage expenses on their year-end tax forms.

Is FreshBooks the same as QuickBooks?

Features like recurring invoices, automated payment reminders and online payments make it easy for clients to pay how they like. It’s important to note that the cost of accounting software can vary greatly, so it’s important to compare different systems and plans to find the best fit for your business. You can choose a basic system and add à la carte options such as project management or CRM, or you can choose an all-in-one system that includes everything you need. AccountEdge provides a meticulously crafted suite tailored to small businesses. Grounded on the desktop, it offers a suite of command centers addressing various facets of your business, from sales and invoicing to payroll, accounting and inventory.

It should provide customisable choices for business process accounting automation and integration with services and technologies essential to your company. Additionally, the software must include customisable dashboards, financial reporting, and process customisation options for better visibility. We prioritized software that was either low-cost or had an affordable plan in a series of pricing plans. We also gave credit to those apps that either provided users with a free version of the software or at least a free trial period.

Choosing an Accounting Software for Your Multiple Businesses

While the user experience is not exactly on the cutting edge, it’s still fairly easy to learn. We don’t recommend Xero for sole proprietors or freelancers, even though it has a starter pricing level that would suit those budgets. Zoho Books is the small business accounting element of Zoho’s business software ecosystem. Your accounting data can be tightly integrated with numerous related apps and functions, like CRM, customer service, and email. Zoho Books’ usability, flexibility, and depth in standard bookkeeping areas (sales and purchases, time and project tracking, and inventory management) equals and sometimes surpasses what’s offered by competitors. Some of the features this app offers include inventory management, payroll, information-rich dashboards, revenue tracking and recognition, and more.

Xero: Best for unlimited users

Try Xero Established — the highest plan — for 30 days free or sign up right away and get 75% off for three months. Intuit has an option called QuickBooks Live that adds bookkeeping support to Intuit QuickBooks Online. You communicate with a dedicated best multi company accounting software bookkeeper through one-way video chat (they can’t see you) or email. This individual and their team work with you on customizing your setup and monitoring your transactions so they’re accurately entered and categorized for tax purposes.

Acumatica Cloud ERP

• Key features offered by Zoho Books include invoicing, project time tracking, tax compliance tools and an accounting mobile app for Android and iOS devices.
• It may be too complex for many users especially small to midsize businesses (SMBs).
• Our multi-entity accounting software enables you to swiftly assign or reassign rights, to better optimise resources and allocate tasks within your accounting firm.
• Once you sync your bank account and credit cards to your accounting program, the software automatically imports your financial transactions.
• And, with three plans available, you can also scale up should you find your business is growing.
• As businesses grow they can take advantage of Wave’s low-cost payroll services.