Read more: Found hereWhen you find the right accounting software for your small business, everything seems to click into place. Managing invoices goes from a headache to a routine task. Detailed income and expense reports show you a clear path to success. Tax time no longer has you chugging bottles of antacid while you scramble to find your records. But how do you figure out what software works best for you and your business?
That's where we come in — CNBC Select rounded up some of the best accounting software for small businesses. We ranked them for affordability, add-ons, most comprehensive service, simplicity and free plan offerings. See more on our methodology below.
Who's this for? Xero is one of the more affordable accounting options on the market with paid plans — the most basic plan (called the Early plan) costs just $15 per month. The brand usually offers a 50% discount for the first three months, which lowers the cost even more. Xero's most basic plan lets you send up to 20 invoices and quotes per month, use receipt capturing, manage W-9 and 1099 payments, auto-calculate sales tax and more.
Standout benefits: Xero has features to help your business predict future cash flow, which is included in the Established plan. Though this is Xero's most expensive plan, it still costs under $100 per month.
Extremely easy to get started; Lite plan offers a lot of features; it's easy to upload receipts (including mileage) and create invoices. App offers time tracing. Very mobile friendly interface.
FreshBooks utilizes a 256-bit SSL encryption. The program collects a minimal amount of personally identifiable information, and if your information is ever lost, it's backed up in multiple databases so you can retrieve it again.
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