5 Popular Accounting Apps for Efficient Business Owners

 

Running a business, whether small or large, requires a lot of effort and dedication. Each and every aspect of a business is important and requires attention. Entrepreneurs are usually focused on the growth of the business, leaving less time to deal with tedious yet vital tasks such as bookkeeping.

Keeping track of accounts and bookkeeping are crucial tasks that can lead to financial issues if not handled well.

If you are an entrepreneur struggling with inadequate financing, inappropriate bookkeeping and out-dated accounting methods, there are helpful tools that can be found online.

Here are some recommended accounting apps that can help you get a better grasp of the accounting aspects of your business.

• FreshBooks

FreshBooks is an easy to understand accounting software. This user-friendly app enables you to capture expenses, create online invoices, and watch over your cash flows. Other features that make this app a delight to use are estimation, repeat invoicing, and one-click snail mail sending.

• Xero

Xero provides a business a way to manage its accounts in a less complicated manner. The app allows you to upload all your financial transactions to its database. These imported transactions are then linked to their corresponding accounting transactions.

This app gives you a clear view of income and expense reports, pending invoices, upcoming bills and essential accounts.

• QuickBooks Online

QuickBooks Online is one of the most widely recognizable accounting softwares in use. The app is a one-stop solution for handling accounts, bills and invoices. With the app, you can pay your employees, send invoices and keep track of your income and expenses. The app can also be used to view how your business is performing.

The online banking integration feature allows you to automatically download details of financial transactions by linking your bank to the software. Features like access to customer data, invoicing and reporting tools, make the app incredibly useful.

• Wave

Wave is a free and user-friendly accounting software, with over 2 million users. Small businesses make up a large amount of users. The app is equipped with a handy receipt scanner to scan receipts and upload them to the cloud. It allows the business owners to manage their accounts and invoices, track sales and expenses, pay employees and generate accounting reports.

Wave also has an added feature of ‘Find an Accountant’ to connect the user with a local accountant in the off chance they come across any serious issues.

• Hubdoc

Hubdoc is a file management software. It converts bills, invoices, receipts and statements into data that can be further exported to other accounting software such as QuickBooks, FreshBooks and Xero. The app allows you to sync your bank accounts; check your bills; send receipts through email; upload scanned financial documents; snap a photo with the app and have it sync with an account.

These accounting and business management softwares are designed to streamline work in an efficient manner. Business owners can utilize them in order to organize and manage their finances. By using these apps, business’ can feel secure in knowing that their accounting is being handled adequately.