#Best simple accounting software for sole proprietor plus#

Note that, while we don't include it here because it's not strictly speaking a double-entry accounting service, we also reviewed, which does, however, offer advanced accounts receivable and payable management, plus the ability to create multiple approval levels. The ninth application, NeatBooks, is new. This group includes EditorsвЂ™ Choice Intuit QuickBooks Online, Xero, Sage 50cloud Accounting, and Zoho Books. Others can accommodate slightly larger businesses, though they might also be appropriate for startups and less complex companies. These are FreshBooks, Sunrise, Kashoo Classic, and Wave. All are capable of handling the tasks required for small businesses, though some are better suited to very small businesses, like sole proprietors or freelancers or companies that only have an employee or two. We tested nine of the best web-based accounting applications available for this roundup. As you grapple with the current state of your income and expenses, you can make smarter, more informed plans for your future. Small business accounting websites certainly arenвЂ™t a panacea, but if you use one religiously, you should feel more in control of your finances and be able to make better decisions. Congress has passed legislation that continues to help companies through the long recovery, but you may still be feeling the effects of the virus on your companyвЂ™s finances. ItвЂ™s been nearly two years since small businesses began to feel the impact of COVID-19.