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Top 5 Online Accounting Softwares for Small Businesses

Top 5 Online Accounting Softwares for Small Businesses

For those of you who are accounting professionals, accounting may be much simpler with the conventional accounting softwares. For the rest of us, we need super simple softwares for accounting in order to be comfortable in our accounting roles. With the rise of self-employment, small businesses, and freelancers, there is a need for simple online accounting softwares to help these businesses manage their financial records. Luckily, there are simple online accounting softwares already on the market. There are several new, simple online accounting softwares that have been developed for small businesses and custom made for non-accountants; you only have to make a smart choice and select the one that is most suitable for your business. Here are 5 of them.

1. Xero

Xero is an online accounting software that is efficient in managing the financial records of a small business. Xero is able to transfer all the financial transactions of the business into its database and connecting them to their matching transactions. On the dashboard of the application, you’re able to get a complete and simple-to-understand representation of the major accounts. You’re also able to view the expenses and income reports, outstanding bills, and invoices payable. The application can be custom modified to make it a particular type of business. It is by far much simpler compared to Quick Books.

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2. Slickpie

Slickpie comes with various features that are suitable for most small businesses. Some of its features include MagicBot, which refers to automated data entry. This means you will save the time you would have spent entering the data into the computer, as it is automated. Other features include online invoicing, online billing, bank reconciliations, production of financial reports, and tax management; all these come in a free edition of the software. It is user-friendly, and simple to learn and understand. Slickpie offers its users an all-in-one accounting package for the whole business. Those who have used it testify that it has enhanced the performance of their businesses, as they are able to do a lot within a short time, leaving enough time to run other aspects of the business.

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3. Sage One

Sage One is accounting software that handles all business transactions, from invoicing, debts, financial reports, value-added tax (VAT), cash flow predictions, and so much more. It can be integrated to your bank so that every transaction that happens in the bank is updated in the Sage One system. It has the ability to predict your cash flow depending on your recent transactions. It can therefore predict the amount of cash the business will need or have in the future. The reports produced by Sage One are customizable to meet the demands of every unique business. The dashboard gives a quick overview of the business performance, showing the top customers, turnover history, and more.

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4. Quick Books Online

Quick Books offers an affordable package for different types of small businesses. It is is suitable for all small businesses, including freelancers, consultants, and online traders and services providers. It is suitable for a new or an existing business, and is customizable to accommodate the changes of growth and expansion. Some of its features include financial reporting, recording all incomes and expenses, automated data back-ups, and filing tax returns. The software is easy to use, and its dashboard will update periodically. It will also show important aspects of the business, such as the financial status, income, and outstanding and paid invoices, as well as the profit or loss of the business.

5. MYOB

MYOB is an easy online accounting software with all the tools to manage the accounting records of a small business. It shows the business cash flows, produces financial reports, and manages the payroll of the employees with ease. The software will store all the bills and invoice records online, and ensure they are secure. The system is integrated, and can share business information with other members of the staff. It also updates frequently as transactions happen, and produces prompt tax returns, making filing of returns a simple and enjoyable job.

Featured photo credit: Geoffrey Whiteway via stockvault.net

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Deborah Belford

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Last Updated on May 14, 2019

8 Replacements for Google Notebook

8 Replacements for Google Notebook

Exploring alternatives to Google Notebook? There are more than a few ‘notebooks’ available online these days, although choosing the right one will likely depend on just what you use Google Notebook for.

  1. Zoho Notebook
    If you want to stick with something as close to Google Notebook as possible, Zoho Notebook may just be your best bet. The user interface has some significant changes, but in general, Zoho Notebook has pretty similar features. There is even a Firefox plugin that allows you to highlight content and drop it into your Notebook. You can go a bit further, though, dropping in any spreadsheets or documents you have in Zoho, as well as some applications and all websites — to the point that you can control a desktop remotely if you pare it with something like Zoho Meeting.
  2. Evernote
    The features that Evernote brings to the table are pretty great. In addition to allowing you to capture parts of a website, Evernote has a desktop search tool mobil versions (iPhone and Windows Mobile). It even has an API, if you’ve got any features in mind not currently available. Evernote offers 40 MB for free accounts — if you’ll need more, the premium version is priced at $5 per month or $45 per year. Encryption, size and whether you’ll see ads seem to be the main differences between the free and premium versions.
  3. Net Notes
    If the major allure for Google Notebooks lays in the Firefox extension, Net Notes might be a good alternative. It’s a Firefox extension that allows you to save notes on websites in your bookmarks. You can toggle the Net Notes sidebar and access your notes as you browse. You can also tag websites. Net Notes works with Mozilla Weave if you need to access your notes from multiple computers.
  4. i-Lighter
    You can highlight and save information from any website while you’re browsing with i-Lighter. You can also add notes to your i-Lighted information, as well as email it or send the information to be posted to your blog or Twitter account. Your notes are saved in a notebook on your computer — but they’re also synchronized to the iLighter website. You can log in to the site from any computer.
  5. Clipmarks
    For those browsers interested in sharing what they find with others, Clipmarks provides a tool to select clips of text, images and video and share them with friends. You can easily syndicate your finds to a whole list of sites such as Facebook, Twitter and Digg. You can also easily review your past clips and use them as references through Clipmarks’ website.
  6. UberNote
    If you can think of a way to send notes to UberNote, it can handle it. You can clip material while browsing, email, IM, text message or even visit the UberNote sites to add notes to the information you have saved. You can organize your notes, tag them and even add checkboxes if you want to turn a note into some sort of task list. You can drag and drop information between notes in order to manage them.
  7. iLeonardo
    iLeonardo treats research as a social concern. You can create a notebook on iLeonardo on a particular topic, collecting information online. You can also access other people’s notebooks. It may not necessarily take the place of Google Notebook — I’m pretty sure my notes on some subjects are cryptic — but it’s a pretty cool tool. You can keep notebooks private if you like the interface but don’t want to share a particular project. iLeonardo does allow you to follow fellow notetakers and receive the information they find on a particular topic.
  8. Zotero
    Another Firefox extension, Zotero started life as a citation management tool targeted towards academic researchers. However, it offers notetaking tools, as well as a way to save files to your notebook. If you do a lot of writing in Microsoft Word or Open Office, Zotero might be the tool for you — it’s integrated with both word processing software to allow you to easily move your notes over, as well as several blogging options. Zotero’s interface is also available in more than 30 languages.

I’ve been relying on Google Notebook as a catch-all for blog post ideas — being able to just highlight information and save it is a great tool for a blogger.

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In replacing it, though, I’m starting to lean towards Evernote. I’ve found it handles pretty much everything I want, especially with the voice recording feature. I’m planning to keep trying things out for a while yet — I’m sticking with Google Notebook until the Firefox extension quits working — and if you have any recommendations that I missed when I put together this list, I’d love to hear them — just leave a comment!

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