A few of the Best accounting software for small businesses is not only easy to use but also budget-friendly.
The right accounting software can help you save time and money on routine bookkeeping, make it easier to file the tax return and improve control of your cash flow.
The ongoing cost of living crisis has made finances challenging for small business owners.
However, various accounting software out in the market are only designed for handling the financial tasks of small businesses, and these accounting software are available at an affordable rate.
So, why are you delaying? Just get the right accounting software for your business and initiate efficient bookkeeping.
However, choosing the right accounting software can be a stressful job. So, to help you, I am going to put together 5 best accounting software for small businesses in the UK.
You just compare the features, rising, pros and cons, and make the right decision.
Let’s dive into the deep!
5 Best Accounting Software for Small Businesses
1. QuickBooks
QuickBooks is the most widely used accounting solution for small businesses. It provides highly effective accounting functionality for small to large-sized businesses.
This bookkeeping software is used by 4.5 million businesses worldwide. Quickbooks has become a great choice for many businesses worldwide with so many effective features, affordable pricing, and an easy-to-use interface.
Pros:
- Cloud-based platform
- The system is updated frequently
- Project management features
Cons:
- Hard-to-navigate display for desktop users
- Expensive
Key Features:
- Invoice tracking
- Expense tracking
- Connects bank feeds
- Mobile accounting app
- Multi-currency support
Pricing:
- The self-employed plan: 8 Pounds per month
- The Simple Start Plan: 12 Pounds per month
- The Essential Plan: 22 pounds per month
- The Plus Plan: 32 Pounds per month
- The Advanced Plan: 70 Pounds per month
2. FreshBooks
If you are looking for effective small business accounting software, FreshBooks can be your ultimate accounting solution for your business.
With a focus on easy invoicing, FreshBooks is a good choice for small businesses and freelancers. It will be the best choice for businesses who want to impress their clients and get paid quickly.
FreshBooks boasts a range of feature-rich effective plans and a beginner-friendly interface.
So, you can handle all your business finances very easily, these include invoicing, managing expenses, and sync data across all devices on the go.
Pros:
- Reasonable pricing plan for small businesses
- Easy-to-use interface
- Offers a comprehensive suite of tools
- Customizable invoices
Cons:
- Mobile functions are very limited
- Additional fees may be charged
Key Features:
- Customizable invoicing
- Payment reminders
- Recurring invoices
- Multi-currency billing
- Automatic tax calculation
- Inventory management
Pricing:
- Lite: 5.5 Pounds per month
- Plus: 9.5 Pounds per month
- Premium: 15 Pounds per month
3. Zoho Books
ZohoBooks is another best accounting software for small businesses UK, especially those deals international clients.
ZohoBooks is a perfect accounting solution that helps you with customer relationship management (CRM), collaboration, project management, and business Intelligence solutions.
Zoho Books is surprisingly affordable to small businesses and also has a free version. ZohoBooks has built a reputation as being one of the simple, easy-to-use project management solutions.
This effective accounting software makes it manageable to control and handle multiple projects including assigning particular tasks to your employees.
Pros:
- Helps small businesses dealing with international clients easily
- Helps business customer relationship
- Comes with a free plan with ample features
Cons:
- Not suitable for large businesses that require complex accounting solution
- No tax projection, payroll processing, and report to the managing authority included
Key Features:
- Create professional invoices
- Accept online payments
- Optimize sales with sales approval
- Manage vendor bills
- Simplify expense tracking
- Automate GST tracking
- Connect bank feeds
Pricing:
- Free: 1 User and 1 accountant
- Basic: 39 Pounds per month, for 3 users
- Standard: 79 Pounds, for 5 users
- Professional: 199 Pounds per month, for 10 users
4. Sage
Sage software is a robust accounting solution for small businesses UK, and it is available at an affordable price rate. It caters to a user base of more than 6 million worldwide.
Whether you are planning to start a small business, or want to expand and scale your existing business, Sage Software can help you every around.
Sage offers cloud solutions on whatever you require, and Sage 50 is perfect for small businesses.
Sage software helps you to create and track invoices, accept payments, record traditions, capture expenses, bank reconciliation, and more.
As a bonus, Sage offers a personalized invoice template for freelancers to build up a good impression with their clients.
Pros:
- affordable pricing plans
- Customizable templates
- Great customer supports
- free trial for 30 days
Cons:
- Outdated interface
- No integration for payroll
Key Features:
- Invoicing
- Expense tracking
- financial reporting
- Inventory management
- payment management
- Bank reconciliation
- Multi-currency support
Pricing:
- Accounting Start: 12 Pounds + VAT per month (for 1 users)
- Sage accounting: 26 pounds + VAT per month (for multiple users)
5. Crunch
Crunch is another top-ranked accounting solution for small businesses, specially designed for sole proprietorships.
This online accounting software is popular among freelancers and sole traders around the globe. It comes with the free version to help small business owners keep their accounts in order.
However, Crunch may lack in features variety compared to other accounting solutions, but it does prove to be effective. Certain plans in Crunch offer accounting services such as VAT and tax reports.
This application also has a payroll component and to avoid calls from the HMRC, the application can do things like bank reconcile statements.
Pros:
- Bank statement reconcile
- User-friendly interface
- Features are beginner-friendly
- Affordable prices suitable for small businesses
Cons:
- Limited features compared to others
Key Features:
- Free invoices
- Expense management
- Bank reconciliation
- Reporting
- Upload bank statement
- VAT submission
Price:
- Free Version: 1 user and 1 accountant
- Sole trader: 12.25 Pounds per month
- Limited company: 19.75 Pounds per month
- Limited Company Premium: 57.75 Pounds per month
- Small business: 98.25 pounds per month
Conclusion
Accounting software is a smart, and scalable accounting solution for every business. If you do not have any prior accounting experience, you should opt for effective accounting software.
Although there are several worthy options in the market, the best accounting application can manage your profits, losses, taxes, VAT, and invoicing more easily and simply.
Here, I have provided the 5 best accounting software for small businesses UK, you can pick one software from the list and streamline your business finances effectively!
