If you do a lot of your business on the go, then Xero, with its excellent mobile functionality on iOS and Android, is worth serious consideration. UK– £6 per month rising to £12 after six months There have also been some complaints about long waiting times for telephone support. Pros: An eye-pleasing and intuitive user experience, excellent reports and plenty of users for growing businesses.Ĭons: It can be more difficult to navigate than other platforms, with some features tricky to find. Add to that 24/7 chat support and integrations with PayPal, Shopify and Square, and you have a real all-rounder that can streamline many aspects of your business. You can create and customise high-quality snapshots of your business’s financial performance to help you see exactly what’s going on in your business. However, where QuickBooks excels is in its reporting. In terms of the basic plan, you can send invoices and receive payments, track sales and taxes, run reports, send quotes, capture and organise receipts and track income and expenditure. That makes it a good fit for all kinds of growing businesses. QuickBooks has an excellent range of features, even when buying the cheapest version, and more advanced plans include everything from multiple currencies to stock management and budgeting. USA $12/month for 6 months, then $24/month QuickBooks UK £9.50 per + VAT for the first 6 months (then £19 a month + VAT) Pros: Excellent for project-based businesses that send out lots of invoices for billable hours and expenses to their clients.Ĭons: Basic inventory management that may not be sufficient for businesses with multiple product lines. You can also file your self-assessment income tax and VAT return digitally and calculate your corporation tax if you run a limited company. If you’re a freelancer or run a very small business, then FreeAgent could well be the right choice for you.Ĭreated by three freelance developers who were frustrated by the inefficiency of their bookkeeping, FreeAgent solves many of the problems that are specific to one-person businesses.įreeAgent allows you to create quotes and invoices with just a few clicks, track your cash flow, record your expenses and view your income and profitability with bank account connectivity. What’s the Best Accounting Software for Small Businesses?
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