Top 10 Accounting Software for Business Owners

Many entrepreneurs know how important it is to keep track of their business’s finances. Accounting software helps business owners monitor the accounts payable and accounts receivable, file their taxes, bill clients and assess their profitability.

With so many accounting software to choose from, business owners can make the right pick based on their industry, desired features, number of employees and budget. For instance, freelancers on Search Remotely may not need the same accounting software as a car rental business.

Top 10 Accounting Software for Business Owners

QuickBooks Online

It is no coincidence that Intuit’s QuickBooks online is the go-to software for accounting and tax professionals. QuickBooks Online makes accounting less burdensome with one-dashboard access to all the features and virtually endless training resources.

First-time subscribers can get a 30-day free trial and special discounts for a few subsequent months. Prices for a 30-month subscription range from $25-$150. QuickBooks offers advanced features like time tracking, budgeting, access to additional users and inventory management to support businesses as they grow.


Xero’s affordable starting price and impressive capabilities make it a perfect fit for micro-businesses. For only $11 a month, business owners can track inventory, capture receipts for record-keeping, create and send custom invoices and reconcile bank transactions.

However, what makes Xero truly exceptional is the ability to include unlimited users on all plans. Unlike other accounting software, you will not pay a premium price to delegate responsibilities to your employees.

QuickBooks Self-Employed

This accounting software is by far the best option for independent contractors and freelancers who like to monitor their income and expenses for tax purposes. Ranging from $15-$35, QuickBooks Self-Employed helps business owners track their finances and prepare for tax season, with the most expensive bundle even providing a CPA to demystify any tax-related queries.


FreshBooks is synonymous with service-based businesses and offers customization options for invoicing, unlike any other accounting software. Besides its core functions of sending, receiving and paying invoices, FreshBooks can handle basic bookkeeping tasks. Freshbooks provides for plans that range from $15-$50 per month. Users can get 10% off any plan if they choose the yearly option.

Zoho Books

Do you ever wish to automate mundane tasks like invoicing, inventory tracking, scheduling customer payment reminders and data entry? Zoho Books lets you do just that for only $9 a month. By integrating Zoho Books with other Zoho products, business owners can centralize their accounting, CRM (customer relationship management) and project management.


Wave provides free receipt scanning, accounting and invoicing services for business owners. Signing up is easy, and no credit card information is required. You can also access payroll services for a small monthly fee of $20 or 35$ plus $6 per additional user.

Sage Business Cloud Accounting

Although not the most scalable software, Sage’s low $10 per month starting price and comprehensive features make it an affordable option for new business owners. Among other features, Sage users can create invoices, access real-time financial data by synchronizing to their bank accounts and monitor customer billing.


ZipBooks’ free option is invaluable for business owners who do not need too many features or cannot afford expensive software. Although the free plan allows you to send and receive unlimited invoices, the paid plans (that start at $15 per month) offer better automation and bookkeeping capabilities.


With unparalleled simplicity, business owners of all backgrounds can become “bookkeeping aficionados” using Kashoo regardless of their accounting experience. You can set everything up in a few minutes and let the software’s automation features do the heavy lifting.


Starting at $9 per month for individual users, OneUp includes CRM features for business owners looking to manage their interactions with existing and potential clients. Unfortunately, this software only works on Windows.

Does Your Business Need Accounting Software?

Choosing the right accounting software can instantly transform your business. With more financial transparency and less time wasted on menial tasks, you can gain meaningful insights into your business’s financial performance and devote more time to things that actually matter. Pick the best software from our top 10 list, and do not hesitate to switch brands if you find a better option. 

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