5 of The Best Bookkeeping Software For Your Business
Being able to control your finances effectively and efficiently is critical to keeping your business running smoothly. Having the best tools and technology available at your disposal is important to keep things efficient and easy — especially if you’re a small business owner with limited time, resources and team members.
In this blog, we’ll outline the five best bookkeeping softwares and how each of these can benefit your business.
Quickbooks
QuickBooks Online was developed by Intuit and has become a staple in the financial world. QuickBooks Online gives businesses an easy-to-manage tool that takes care of several aspects of your finances, including:
- Track income and expenses
- Capture and organize receipts
- Track mileage
- Manage bills and payments
- Send invoices
- Maximize tax deductions
- Accept payments
- Track sales and sales tax
- Payroll
- Track inventory
- Run reports
- Send estimates
As a bookkeeping firm, QuickBooks Online allows us to streamline our processes, manage our clients better, and keep our clients protected from data breaches and privacy leaks. There’s also a lot of online training available for QuickBooks Online so you can make the most of the platform.
Fathom
Fathom is a powerful, all-in-one forecasting and analysis tool that is designed to be user-friendly for everyday business management solutions. Fathom combines insightful reporting, fast cash flow forecasting and actionable financial insights into one refreshingly easy business management solution. We love that this tool is fast, flexible, and offers automated solutions.
Its financial analysis tool gives you an in-depth analysis of your numbers and a clearer picture of your business performance. These insights help you measure what matters while helping you understand your business better. The management reporting tool lets you create custom reports that share business results in a clear, compelling way. Fathom also offers a cash flow forecasting tool that helps you achieve clarity and confidence about your future finances so you can better achieve your goals.
Plooto
If you're looking for a simple, secure solution with powerful automations that helps your small business better manage your workflows and finances, Plooto is a platform to consider. This tool allows you to have better control over your accounts payable, which can help you improve your business cash flow. Plooto takes care of your accounts payable workflow, and since it eliminates the tedious paperwork and manual tasks associated with accounts payable, this leaves you more time to focus on higher value work to move your business forward.
Payworks
If you're looking for a platform with all the bells and whistles to better manage your workforce and payroll, Payworks is a great solution built for Canadian customers. Effective payroll and time management is key to running a successful business and keeping track of your employee hours. The great thing about Payworks is whether you have one employee or thousands, you will be assigned a dedicated service representative — this means you’ll have stress-free onboarding and help at arm’s length when using the platform instead of having to contact a call centre.
Dext
Dext is a platform that provides accounting software to maximize your everyday workflow. It’s a great platform for collecting data, providing 99% accurate data extraction, while also keeping it secure. The platform has three main components:
- Prepare automates manual processes so you can work pretty much hands free.
- Precision gives you complete trust in the data you’re working with.
- Commerce standardizes sales data from clients’ digital sales platforms.
Dext also connects seamlessly with Quickbooks for a comprehensive suite of accounting tools.
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As a business dedicated to providing the best bookkeeping solutions, balncd carefully selects the tools and softwares we use to provide the best solutions for your business. We’ve tested a combination of tools that works flawlessly, using QuickBooks Online as the driving force. Our carefully selected suite of apps ensures you get a seamless exchange of information so you can put any stress around bookkeeping away for good. Contact us today to see how our suite of services can help your small business stay balanced and successful.
