Accounting is a core part of running a small business. So naturally, small business accounting software is one of those things that every business needs. There are hundreds of accounting programs out there which will give you as a small business owner plenty of choice and opportunity to find a package you’re comfortable with.
To be honest, in the very early stages of a company, Microsoft Excel, OpenOffice and GoogleDocs all provide the basic functionality required to keep a track of your spending and calculate profit and loss. They may not be the software products that come to mind when you think of accounting software, but they are a perfectly good solution to the problem because one of them you possibly already have (Excel), and the other two are freely available.
Currently the favourite amongst accountants, QuickBooks has spent a huge amount of money on making itself known in recent years. It offers a much smoother user experience than the free solutions I’ve mentioned above. Using your smartphone, you can photograph a receipt or invoice and the software will enter the data into your accounts. This is just one of the possible advantages specialist accounting software can offer over programs designed for broader use. Of course, digital voodoo like that doesn’t come for free: Like most software nowadays, it runs a software-as-a-service business model, with a subscription starting at £6 a month.
Accountz is a UK based software company specialising in accounting software for home and business. Because of the entry-level nature of some of their products, it’s ideal for entrepreneurs for whom maths and accounting isn’t exactly their strong point. Accountz has focused on making accounting accessible to those who don’t know the lingo.