Steps were intuitive to complete with simple forms, toggle buttons and drop-down options. It also suggested reorder amounts and a vendor where I could order more products to replenish my inventory. All I had to do was click “done” and OneUp generated net sales overview formula and components income statement my purchase order. From there, I could view my purchase order by clicking “purchase” from the menu, then “purchase orders.” Doing so would also allow me to email the purchase order to the vendor directly from the OneUp system. I simply had to input my email, name and phone number into a simple sign-up form.

Unfortunately, I was not able to add reports that I wanted to see there. Overall, the dashboard seemed very basic compared to some competitors. I signed up for a free trial of FreshBooks’ accounting software and tested it on a Mac laptop using the Safari browser. All action items were clearly labeled and I was walked through how to complete all tasks. Accessing all included tools using the left-hand menu was easy, as it’s a menu that is always present no matter where I navigated on the platform.

1. Xero’s cheapest plan will likely work only for the smallest businesses (including freelancers) since it limits users to sending just 20 invoices or quotes per month.
2. The free plan’s freelance-friendly features include mileage tracking, recurring invoices, a client portal and free accountant access.
3. However, they complain that it is not as easy to use on a Mac computer and the interface looks dated on these devices.
4. Rita also volunteers her time as a SoleMate, or charity runner for Girls on the Run, raising money for scholarships for girls.
5. We use product data, first-person testing, strategic methodologies and expert insights to inform all of our content to guide you in making the best decisions for your business journey.

What are the essential features to look for?

You can convert the quote and bill by a percentage of the original quote or a set quantity, rate or amount. And, you can attach documents to the invoice when needed, including warranties, contracts and return policies. AccountEdge’s invoicing features allow you to send the invoice by email or print an invoice and you can set up recurring transactions after you’ve created your first transaction invoice. One particularly notable feature set within AccountEdge is its data management and report customization features.

I’m QuickBooks certified and write about small-business software for a living, but taking on a business’s bookkeeping tasks is still daunting. Also sometimes called on-premise software, desktop accounting software must be locally installed on a specific computer and can only be accessed from that one device or location. Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc. Additional features include employee payroll, creating quotes and estimates, forecasting cash flow, customised reports and managing purchase invoices. Accounting software is a computer program that helps businesses to track income and expenses. This software can also be used to generate reports, such as profit what is the journal entry for accounts payable and loss statements and balance sheets.

Evaluate Customer Support Options

You can customize hundreds of reports and use filters, report fields and custom lists to see only the data you need. You can also create graphs, charts and maps to create easily consumable reports. The software allows you to then back up your data even daily to ensure it is safe and never lost. Finally, you can request a free copy of AccountEdge for your accountant so they always have full access to your data. Most accounting software goes beyond these tasks with additional built-in modules for invoicing and billing as well as inventory management, among other functions.

What Accounting Software Does Your Business Need?

As with most types of software, the best cloud accounting software programs offer many levels of security. FreshBooks is the best overall cloud accounting software due to its plethora of features to accommodate any type of business, an easy-to-use interface and set of affordable subscription plans. Small businesses seeking a detailed desktop-based system with optional cloud flexibility should consider AccountEdge. In addition, companies looking for advanced data management, security and reporting features would find useful features in AccountEdge. You can create a quote and then convert it into an invoice when the customer is bookkeeping for independent contractors and small businesses ready to buy.

For instance, with the cheapest FreshBooks plan, you can invoice just five clients a month (though you can invoice those clients an unlimited number of times during the month). The mid-tier plan expands your reach to 50 clients a month while two top-tier plans will let you invoice an unlimited amount of clients. Each plan includes either a 30-day free trial or a 50% discount for three months.