Many small business owners use QuickBooks to keep track of their finances. QuickBooks is a software that has many different features that are useful for small business owners such as:
- Managing cash flow
- Tracking income and expenses
- Invoicing and accepting payments
- Running general reports
- Tracking inventory
There are also more features available depending on the plan that is purchased. QuickBooks has three different plan options, simple start, plus, and advanced. These plans range from $12.50 a month to $90 a month. The plus plan offers features like managing and paying bills, tracking inventory, and tracking profitability. The advanced plan offers way more features than the other two such as business insights and analytics. The QuickBooks website has a list of all the features that you can use with each plan
Although QuickBooks is a very popular accounting software amongst small business owners, with over 7 million customers, there are other options that are not as near as expensive. Many of the other accounting softwares have similar features to QuickBooks and cost a fraction of the price. One example is FreshBooks.
FreshBooks is a software that is an easy to use, safe, and fast alternative to QuickBooks. A few of the features that they offer are:
- Time tracking
- Project managing
Similar to QuickBooks, Feshbooks is an accounting software used by small business owners to keep track of their finances and financial status. Freshbooks also offers different plans that users can choose from. They offer a lite plan, a plus plan, and a premium plan. The lite plan is only $4.50 a month whereas the plus plan is $7.50 a month and the premium plan is $15.00 per month. Unlike QuickBooks, Freshbooks offers a select plan for businesses with more complex needs and the price per month depends on the features that you need access to. You can look at the Freshbooks website for a large list of the features offered with each plan. Another similar software is NetSuite.
NetSuite is a cloud-based business management solution that offers many different products such as:
- Accounting software
- Global business management
- Analytics and reporting
- Customer relationship management
- Enterprise resource planning
This software is meant for bigger companies where up to 10 people would need to be logged in to the site. Being that NetSuite has so many different features, it is pretty expensive compared to the other options. The basic NetSuite package starts at $999 per month and the price goes up from there depending on the edition of the software, size of the company, how many people need to use the site and so on. You can check out the NetSuite website to learn more about their products, pricing, and everything else you need to know before purchasing.