Best Small-Business Accounting Software

Small-business accounting software almost exclusively helps small businesses streamline and automate financial management processes. This helps smaller companies, typically with less accounting experience than larger companies, ensure financial accuracy while reducing the time it takes for recurring processes such as invoicing and reconciliation.

Small-business accounting software varies in complexity and features offered, but usually delivers a more user-friendly system than traditional accounting systems. It can be used in a variety of industries, and assists greatly in the accurate entry and maintenance of small-business’ ledgers. Due to its focus on companies with 50 or fewer employees, small-business accounting software is targeted toward companies that do not possess copious amounts of accounting experience or resources. As a result, it helps smaller companies streamline accounting processes by providing more practical tools to assist with financial transactions, purchases, sales, and liabilities.

Many small-business accounting products include the same features as traditional accounting systems, including billing, payroll, time tracking, etc. It can also be a module of or integrate with a business’ ERP system or CRM software.

To qualify for inclusion in the Small-Business Accounting category, a product must:

  • Provide features specifically targeted to small businesses
  • Show evidence of small-business-specific clientele
  • Maintain a company’s general ledger
  • Offer features for automating accounts receivable and invoicing
  • Automate accounts payable workflows for payment processing and purchase orders

Small-Business Accounting Software Grid® Overview

The best Small-Business Accounting Software products are determined by customer satisfaction (based on user reviews) and scale (based on market share, vendor size, and social impact) and placed into four categories on the Grid®:
  • Products in the Leader quadrant are rated highly by G2 Crowd users and have substantial Market Presence scores. Leaders include: QuickBooks Online, QuickBooks Desktop Pro, Xero, FreshBooks, Wave, and Zoho Books
  • High Performers are highly rated by their users, but have not yet achieved the market share and scale of the Leaders. High Performers include: SlickPie and Billy
  • Contenders have significant Market Presence and resources, but have received below average user Satisfaction ratings or have not yet received a sufficient number of reviews to validate the solution. Contenders include: GoDaddy Bookkeeping, UltraTax CS, Accounting CS, and Sage 50c Accounting
  • Niche solutions do not have the Market Presence of the Leaders. They may have been rated positively on customer Satisfaction, but have not yet received enough reviews to validate them. Niche products include: Odoo, FreeAgent, Lacerte, and AccountEdge Pro
G2 Crowd Grid® for Small-Business Accounting
Leaders
High Performers
Contenders
Niche
Quickbooks online
Quickbooks desktop pro
Xero
Freshbooks
Odoo
Wave
Godaddy bookkeeping
Freeagent
Ultratax cs
Accounting cs
Lacerte
Sage 50c accounting
Zoho books
Accountedge pro
Slickpie
Billy
Market Presence
Satisfaction
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