Best Online Accounting Software’s 2019

In simple terms, accounting is the lifeline of a business. Accounting deals with the synthesis, analysis, and reporting of financial data and information about a company. Accounting software records and processes a company’s accounting transactions within its functional modules. Accounting software makes it easy to prepare the composite financial statements of the balance sheet, income statement and changes in financial position.
Accounting software concerns all the functional modules that it contains. Some of them are the general ledger that deals with the financial transactions of the business; Accounts Payable where the company enters its invoices and pays the money it owes; Accounts receivable where the money received is entered.
As cloud computing grows in popularity, the availability of online accounting software continues to grow. Many small business owners are looking for software with an intuitive, easy-to-use interface that allows them to bill their customers, enter their expenses, and view their bank balances. We also wish to be able to access from anywhere (you never know when the desire to do your accounting, strikes!).
Here are the 5 best online accounting software for 2019 to bring order to your small business finances:
Quickbooks Online
The basic version, $9.95 per month, allows you to track your bills and expenses, including sales taxes, and see where you stand in relation to your debts and receivables. It also allows you to customize and create invoices and offers many reporting options. You can manage your account from a Windows or Mac platform, as well as your iPhone and BlackBerry. Only one user can log in at a time (+ your accountant). There is no limit on the number of customers or transactions.
An upgrade to $34.95 per month offers many more features, including inventory tracking, automated banking (which allows you to upload your banking transactions to your QB file), time tracking, comparisons between sectors and three users simultaneously.
Payroll and credit card processing is available as an add-on and must be purchased separately.
Both versions allow a free trial and can be canceled at any time.
Xero
Although the company is based in New Zealand, the software is usable anywhere in the world. The functionality is similar to that of Quickbooks, except that the planned price difference is much smaller with Xero. The small $19 per month plan allows for 5 customer and vendor transactions and 20 bank transactions per month, which could be a problem for anyone with more than 5 customers or customers. The average and large packages at $29 and $39 a month, in comparison, allow unlimited transactions. Moreover, unlike Quickbooks, Xero allows an unlimited number of users for all its plans and offers multi-currency functionality.
Clarity Accounting
For small businesses that have to track bills, expenses, accounts payable, receivables and bank balances, this seems to be the ideal solution. For $10 a month, the user can enter an unlimited number of transactions, create invoices, enter expenses, create financial reports and download their bank statements. User access is unlimited and supports multi-currency transactions.
In particular, Clarity lacks a smartphone app and a payroll addition feature, which can be tedious if you have employees.
Sage 50cloud
Sage 50cloud offers you with downloadable accounting software with safe online access on any device. The program provides built-in accounting best practices as well as some effective tools that you won’t find on other platforms. In particular, Sage 50cloud’s stock management tools are among the best in the business, a blessing for small business owners who maintain the stock.
The dashboard can be customized with keyboard shortcuts, so you can place the most important functions in the front and center of the business. If you have any problems with Sage 50cloud, the program offers one-click chat and unlimited phone support.
There are three price levels for Sage 50cloud: Pro, which pays $439 per user per year, Premium, which pays $ 679 per user per year, and Quantum, which costs $1.729 per year for up to three users. Pro allows you to pay bills, send invoices and receive payments, and manage your cash flow and costs; Premium stock planning and tracking, and job and cost management capabilities, and Quantum provide enterprise-level accounting and industry features.
Newcomers to accounting or bookkeeping may find that Sage 50cloud is not as intuitive or easy to use as other programs on the list. However, it gives you all the accounting features you may need and deserves a little more time to get to know the program.
Wave
Wave is a free cloud accounting software that is good for new business owners who do not have additional capital for accounting purposes. With Wave, you can integrate billing, cost tracking, receipt scanning, and bank accounts and online platforms (such as PayPal). The wave manages to advertise it for free.
However, there are also services that offer Wave price. You can offer credit card processing to your customers at Wave – 2.9% + 30 ¢ for each credit card without additional charges. You can also manage your payroll with Wave, a $15 base fee and $4 per employee. If you pay more than 10 employees, discounts are available.
Wave has created an intuitive interface that allows small business owners to easily manage double-entry accounting. It allows you to invite unlimited guest workers, which means you can easily book your accountant or business partners.
Customer service may respond a little slow if you have a problem with Wave, though considering the software is free, it is a small minor. Overall, Wave is an excellent opportunity for a small cashier.
Conclusion
Keeping the books of small businesses don’t have to be a headache. Using any of the online accounting software above can save you time while managing your business finances so you can return to your loved one.