5 Best Accounting Software for Startups and Small Businesses in 2024

These included multicurrency support, invoicing, bill payment, document management and offering training for the software use. Again, these were judged by whether they were included automatically in the plan, as a paid add-on or not at all. Accounting software needs to be feature-laden for it to be useful for a small business, accounting for startups and that’s what we looked for when considering QuickBooks alternatives.

Startup Accounting Software Comparison: Which Tools Are Best for You?

FreshBooks is a top QuickBooks alternative thanks to its user-friendly, intuitive interface that avoids accounting jargon. It doesn’t limit the number of invoices you can send, making even the low-tier plan affordable. Plans range from $21 to $65 per month (with introductory discounts), and bank transfers carry a 1% ACH fee. Time tracking is included on all https://ecommercefastlane.com/accounting-services-for-startups/ plans, making it great for businesses with employees billing hours.

• It can be excellent for startups with tight-knit HR teams that need to know what each recruiter is up to.
• Lili, a fintech company operating under the management of Choice Financial Group, offers startup banking services designed to cater to the specific needs of microbusinesses, freelancers, and solopreneurs.
• Our 10 Best Accounting Software solutions represent the range of options available to SMBs to meet their accounting needs.
• Xero is another cloud-based accounting software that has gained popularity in South Africa.
• With on-demand support from a team of trained medical HR specialists, it provides an ideal platform for small to mid-sized healthcare organizations without a full HR department.
• Learn which accounts payable and receivable KPIs actually matter and why they’re the key to success.

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That’s why user-friendly software with intuitive interfaces and comprehensive support resources is so important. Some startups may even rely on external accountants or consultants, making software with native collaboration features essential. Additionally, Deputy facilitates team communication by allowing employees to access schedules, swap shifts, and communicate with managers directly through the platform. Many employees still prefer to leave these tasks to an all-around communications platform with easy-to-set-up automation, like Slack.

• With deeper functionality tailored for machines and job shops, unparalleled in vanilla solutions like Odoo or ERPNext, ECI JobBOSS2 holds its ground at #3 on our list of top 10 ERP systems for startups.
• Determine your budget before shopping around for services to make sure you are choosing the right one for your startup’s financial needs.
• Many appreciate its user-friendly interface, affordability and effectiveness in invoicing, payment acceptance and accounts receivable/payable.
• Cameron Mitchell is a seasoned professional in the customs brokerage BPO industry, bringing extensive knowledge and expertise to his writing.
• Integrated accounting tools automate recurring billing, prorated adjustments, refunds, and discounts.
• Overall, while Zoho Books is a viable choice for many small to medium businesses, experiences can vary significantly based on specific needs and expectations.

Best accounting software for in-depth reports

Boasting over 25,000 small businesses served, Bench is an experienced digital bookkeeping solution. QuickBooks Live is a virtual bookkeeping service that offers guaranteed services by real QuickBooks-certified bookkeepers. To start, a bookkeeper will review your startup’s books and update them, as well as conduct a detailed review of your transactions to ensure they are cataloged correctly. Accurate and timely bookkeeping is essential for startup financial wellness.

QuickBooks is a robust accounting software designed specifically for small and growing businesses, offering a comprehensive suite of tools to manage your finances with ease. Its user-friendly interface and cloud-based platform ensure that business owners can stay on top of their financial operations from anywhere, at any time. Whether it’s tracking income and expenses, managing inventory, or automating invoicing, QuickBooks streamlines these tasks, allowing businesses to focus on growth rather than paperwork.

Best Accounting Tools for Startups in 2025

Making smart SaaS purchases requires looking beyond flashy demos and reviews. This guide offers a detailed checklist to help buyers select software that fits, secures, and sustains their teams. Furthermore, Wise allows cash deposits of up to $150,000 per year, providing flexibility for startups dealing with physical currency. Learn which accounts payable and receivable KPIs actually matter and why they’re the key to success.

Best for Accounting software for e-commerce marketplaces

Manual HR processes can quickly become cumbersome and error-prone—which is out of the question for a lean startup. This is where HR software for startups steps in, offering automation and simplifying your HR tasks, freeing you to focus on growth. Sage Intacct’s pricing is customized based on factors such as the number of users, selected modules, and specific business requirements.

For service startups, including non-profits, construction, marketing agencies, or financial services, Sage Intacct stands out, providing deeper operational capabilities unique to these verticals. Similar to NetSuite and Acumatica, Sage Intacct faces challenges with layers and complicated accounting and security structures that might be less beneficial for startups. As a result, it has been substantially downgraded and now ranks at #7 on our list of top 10 ERP systems for startups. But that also means there’s no bank account integration, no automation, and no integration with other apps. If your accounting is straightforward and you can’t automate a lot of it anyway, then Manager is a great option to keep your software expenses under control. These are all critical decisions, which is why Puzzle helps you drill down into the data.

The right accounting software won’t just meet your current needs—it’ll make your team more efficient and support your startup’s growth journey. It offers features for assigning tasks, tracking progress, collaborating on projects, and visualizing workflows. It can be excellent for startups with tight-knit HR teams that need to know what each recruiter is up to. You’re likely juggling a million tasks, from attracting top talent to securing funding. As a founder or as someone close enough to them, you’ll see quick benefits from having a really solid HR software foundation.