The great thing about modern technology for small business accounting is that there are so many options. But the bad thing about technology for small business accounting is that there are so many options. Which are best for my business? Which will help me grow?
Here’s a quick rundown of a few of our favorites.
QB Online is a popular choice for technology for small business accounting, especially for owners interested in a cloud-based accounting suite. Simple online access and easy integration with other accounting tools (like Harvest) make QBO a great option for businesses ready to make the jump from desktop-based accounting.
Tallie specializes in streamlining expense reports, including features like automated data collection, smart categorization of line items, and digital receipt management. This is a great platform for business owners still managing their accounting on their own, as its automated features take the hassle out of manual data entry.
Need a simple timesheet tracking tool? T-Sheets offers a great option for desktop/mobile time management, with easy-to-use features and full integration with leading payroll providers like its parent company QuickBooks, as well as ADP Run, Gusto, and Paychex.
As its name suggests, Bill.com helps companies master bill payments, invoicing, and payment processing. It’s super easy to enter invoices into the system, and its custom features let you set up payment channels that make the most sense to your customers. Plus, its software syncing automatically updates your records to speed up account reconciliation and eliminate double data entry.
And speaking of data entry mistakes…are you interested in a platform that streamlines manual data entry for QuickBooks or other accounting suites? If so, SaasAnt is for you. This simple tool integrates with your primary bookkeeping software to automate data imports and reduce the risk inherent to slow, manual data entry.
If you’re in the early, early stages of your business bookkeeping, why not save costs with a free tool? Google Sheets isn’t fancy, but it offers 26 pre-built templates across invoicing, financial statement production, budgeting, project planning, analytics management, and more. It’ll take more work than using prebuilt accounting software, for sure, but these sheets are an easy way to bootstrap a DIY accounting system until your business grows.
If you’re in the market for accounting tools, check out the G Suite Marketplace. We all know the benefits of G Suite, and its tight integration with its partner platforms gives small business owners access to just about any tool they could possibly need. Some of them won’t come cheap—but with so many options, most businesses can find solutions to suit their budgets.
Last but not least, we have Slack—a great choice for communication among small teams. With desktop and mobile versions suited for texting, live chat, and email messaging, this program is a great start to taking a more active role in team-based coordination.
Tech Solutions for Small Business Bookkeeping
These are just a few of our favorite small business bookkeeping tools, but feel free to explore your options. There are plenty of providers out there, and you never know which one will offer the perfect blend of features and prices that suit your growing business.