Individuals and businesses require to keep a record of their income and expenses. Financial software tools enable them to track their finances without errors that commonly creep into manual maintenance of financial statements. It also enables them to save time through distinct features like automation. What’s more, error-free financial statements provide them with a clear understanding of their profitability and be prepared for the tax season. Pitfalls like erroneous accounting, delayed reports, etc. are eliminated with the use of effective financial software. Another point to consider is the lack of knowledge of small business owners of finance and accounts. Add to it their financial restrictions. 

That said; automated financial software specially designed for small businesses with varying capabilities at wallet-friendly prices are apt solutions for them. 

Top Ten Accounting Software 

Here’s a list of the top accounting software for small businesses. 

• FreshBooks: Developed in Toronto in 2003 to meet the accounting needs of small businesses, FreshBooks was developed by a Canada-based company. It is the best choice for most businesses; thanks to its multiple features that include cloud computing, payment reminders, multi-currency and language billing, automated tax calculations, bank deposits, recurring payments, and easy integration with other apps like Google Workspace, tax apps, filing tools and more. Another vital benefit is the accessibility any time and anywhere through iPhone, iPad, and Android apps. 

• Intuit’s QuickBooks Online: One of the best software available for small businesses, QuickBooks merges all accounting features on a single dashboard, thereby making it easy to understand and use, especially for owners who have little or no accounting experience. Moreover, endless training resources and forums are coupled to help them gain financial knowledge as and when required. The cloud computing feature enables owners to gain access through mobile apps. 

• Sage50 cloud Accounting: The comprehensive financial tools and generous customization options make it the best choice for small businesses. Its easy integration with Microsoft360 makes it the ideal solution for keeping track of company finances. It allows sharing of data through productivity applications via the cloud.  

• Oracle NetSuite: It is a full-featured accounting and ERP program designed to meet the more complex needs of small businesses. Making and receiving payments, managing taxes, and running a slew of reports are some of its distinct features. Robust management tools and automation makes it the perfect automated financial solution for small businesses to meet all their financial and accounting needs. 

• Xero: This affordable option for small businesses is a cloud computing software that allows owners to manage their accounts from any place at any time. Its integration with almost 1000 apps makes it a hit among users. 

• Zoho Books: It is widely used for the automation and eases the management of daily accounts. Businesses heads can therefore dedicate their precious time to business development, customer interaction, and other important tasks. It allows the setting up of automatic payment reminders, creating recurring expense profiles, and managing more than 1000 contractors. It easily integrates with other apps, thereby making it easier for small businesses to function smoothly. 

• Wave Accounting: It is one of the more popular accounting software; thanks to the multiple features it has to offer. It includes multi-currency support, expense tracking, unlimited bank account connections, and unlimited invoicing through a user-friendly dashboard that is easy and convenient to use. Wave also allows the juggling between different businesses with the same account. 

• Account Edge Pro: A software developed back in 1989 has been growing significantly to meet the changing demands of small businesses. It has a basic and pro version. The accounting software allows owners to access their finances on the go through the smartphone by using the cloud computing app. It is an advanced software. The robust features and reporting capabilities of this advanced software are perfect. However, it is ideal for owners with an understanding of accounts and accounting terminology. 

• Kashoo: Popularly known as hassle-free software, it provides multi-currency support and a neatly designed dashboard. The uncluttered interface is a win-win. The dashboard displays the current financial situation in a neat and organized manner. The software also supports credit card translations for all major carriers. However, the primary shortcoming is the absence of cloud computing. 

• Kash Flow: A software well-known for its simplicity, which is welcome when dealing with accounts and anything tax-related.  It comes with a set of tools that not only allows owners to handle their accounts but is also used to fulfill HR and payroll duties. 

Software Localization

The aforementioned software is undoubtedly the best solution for small businesses. However, when used in a foreign country the software can provide its benefits to the small business owner only when translated into their language for a clear understanding. Translation services word-by-word however are not enough. Software localization to adapt the software to the culture and language of the intended user is vital for appropriate and optimal use. 

To embrace the benefits of professional financial software developed for small businesses, it is important to hire the best translation service provider to translate and localize the content in the software in the language and culture of the intended audience. 
Hire the best to ensure its best use by foreigners in other countries.