Although there is no substitute for working with an experienced Overland Park accounting firm (like Pro 31 in Louisburg) for your small business needs, many businesses still opt to do their own accounting and bookkeeping in-house. Taking on this responsibility requires strong organizational skills, attention to detail, and strong mathematical skills.
One tool that can be very helpful for your business’s accounting needs is high-quality bookkeeping software. This article will discuss some of the best software options on the market today, according to Overland Park small business accountants. Some of the top-rated software programs today are:
- QuickBooks Online
- QuickBooks Self-Employed
A great option for micro-businesses is Xero, which is a trendy choice if you are looking for a program specializing in simple business accounting. A great benefit of Xero is that it fully integrates with third-party payroll services in Overland Park. Xero also offers online payment options for customers through its integration with programs like GoCardless and Stripe.
Widely regarded as the best software program for small businesses, Quickbooks Online features numerous programs that have significant benefits for business owners. This software includes an extensive library of training tutorials and forums for additional support when it’s needed. The main dashboard has all the essential accounting features, making bookkeeping more efficient for the user, whether it’s a novice bookkeeper or an accountant in Overland Park.
If you are looking for the ideal software for freelancers or independent contractors, then Quickbooks Self-Employed is probably the best option on the market. The software for Quickbooks Self-Employed is designed for business owners who use a “Schedule C” filing status on their individual tax returns. Tax preparation in Overland Park is much easier for business owners using this software, as it automatically totals up all business transactions throughout the year.
Wave is well-known in the accounting community as the best software for sending simple invoices to customers. If your business only needs accounting service software and does not need the software to track inventory or payroll, then Wave is the perfect program for you. Wave has many free features that are considered very useful for year-end tax preparation in Overland Park.
The software program that creates the most customizable invoices for customers is Freshbooks. Its primary focus is sending and paying invoices but has the capability to handle bookkeeping tasks as well. Freshbooks is a popular software choice for service-based businesses that need to send proposals, deposit requests, and also receive payments.
Although these software programs are effective, they do not replace the knowledge of an experienced Overland Park accounting firm like Pro 31. Our firm located just 20 minutes south of Overland Park in Louisburg, has been specializing in Overland Park tax and accounting services for years. So, if your business is in need of personalized accounting services, give our Louisburg office a call at (913) 837-3131 or contact us online today.