10 Accounting Tools for Small Businesses in 2020

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Small business owners are multi-hyphenated professionals. 

They are often a one-man team in charge of all things related to product management, designer, marketer, human resource, and even finance. As you grow a business, you have to take on various roles, especially if you can’t afford to hire a dedicated team just yet. Being overly lax in your accounting can lead to problems such as the following: 

  • Having the wrong numbers
  • Wasting time by not automating
  • Not making financial reports
  • Poor payroll management

Working around this is possible with the help of accounting tools. We created a roundup of software that will make dealing with finance easier. This list features a variety of software that can help you with invoice tasks, revenue tracking, bookkeeping, payroll, and more. 

You’ll find tools that will make this aspect of your business more manageable and automate accounting processes to save time. Plus, accountants see cloud technology as something that helps create a business better. 


Whether you own a Mac, Windows, PC, or tablet, the bookkeeping software is accessible. You can handle your business through mobile or office desktop. It also has a feature for issuing invoices online and integration with over 800+ apps. This was designed to help small businesses in their accounting.


The award-winning tool is free to use. You can use Wave for invoicing receipts and accounting. Its income and expense-tracking features are unlimited for its users. The web tool is protected with 256-bit SSL encryption. 

Sage Business Cloud Accounting 

One of the features of the Sage Business Cloud Accounting is the dashboard view of your data. This can help you visualize your finances. You can use the tool for forecasting, sending, tracking invoices, and inventory, among others. The software also offers a private session with in-house accounting experts.

Intuit QuickBooks

Created by Intuit, QuickBooks has a 30-day free trial for new users. It provides live bookkeeping, business accounting, payroll, payments, and even freelancer finances. Plus, you can integrate apps such as Shopify, PayPal, SOS Inventory, and other tools that you use for your business. 


FreshBooks was created by 2ndSit Inc. It provides tools to aid freelancers, self-employed individuals, businesses with employees, and contractors to handle their finances. The web-based software is ideal for small and mid-sized companies.

You can use it for time tracking, organization, payment, and collaboration.


Businesses looking for a tool to use in their recurrent billing and subscription management will find great value in Pabbly. This tool has an integrated Affiliate Management System that is not offered by a lot of other software. It has a free trial for interested users. 


With Kashoo, small businesses can access smart tools for IRS or CRA compliance. It also has tools to automate bookkeeping tasks, bank feeds, reports and insights, invoices, payments, among others. 


ZipBooks is armed with smart insights to help its users gather insight to improve their business. The bookkeeping software comes with a feature to help you manage invoices and billing, letting you accept major credit cards or even PayPal. You can also use this for bookkeeping and reporting.


Using TSheets, you can track time accurately, create invoices, make reports, and manage payroll. This is a great team management tool for small businesses because you can access it on different devices, be it Android or iOS. Additionally, it comes with a GPS feature to help you identify what your team is working on. This comes in handy for businesses in the field of construction or landscaping.

AccountEdge Pro 

The accounting software comes with a 30-day free trial. In that period, you can test out its features premium accounting for Mac. The company offers sales and invoicing, inventory, time billing, and purchases and orders. You can also opt for add ons like web payments, telephone, and process payroll, among others. The tool started its development in 1989. 


Staying on top of every aspect of your business is essential for growth. This article has shown you the different tools you can use to make your operations run like a well-oiled machine. After all, according to a study by Flexi, companies that use cloud accounting acquire 5 times more clients as opposed to companies that do not. 

Another way to strengthen your company is by making sure you pair your streamlined operations with a communicative brand identity. 

Work with the best freelance designers to get impressive graphics to go with your finance projects. You can get a visually appealing layout for custom reports, financial presentations, and more by launching your own design contest on DesignCrowd.

You can even build or rebuild your brand from the ground up with the BrandCrowd logo maker. Its premium subscription plan comes with a high-impact logo design and templates of different marketing collaterals for social media, business cards, and even invoices. Try it today. 

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