"Correction does much, but encouragement does more. "
- Johann Wolfgang von Goethe
A number of small businesses fail every year and the reasons for failure could be many. But one of the important reasons is the absence of an efficient financial management system. Yes, you heard it right!
A small business owner might think that he doesn’t need accounting software to run his business. He can manage it all by himself without any software. But it doesn’t work like that.
An accounting software will manage your finances which is a very important and hectic task for a small business. It will save your time and will keep you away from the unwanted hurdles.
Here, I am listing down some of the best accounting software for small business in 2020. Read about them and decide which one is best suitable for your business.
Tally ERP 9 Software For Accounting
Tally ERP 9 Software is one of the most used accounting software in India. It is affordable and quite easy to use which makes it everybody’s favourite. Tally ERP 9 is a software that can be used by both small scale and large scale businesses. If you want to try Tally ERP 9, you can use the free trial for better understanding. It is an extremely useful software which not only handles accounting but also manages payroll activities, inventory supply and much more.
Netsuite ERP is best suited for small and medium scale businesses. It is a great ERP software with all the marketing tools. Netsuite ERP has a feature of providing In-person and live online training which is not there in other software like tally etc. However, Netsuite ERP
has some limitations like downloading excel sheets for every ledger account and others. It becomes difficult to analyze data in these excel sheets. But overall, Netsuite ERP
is a good accounting software to use.
Zoho Books Accounting Software
Zoho Books Accounting Software is a cloud accounting software which allows you to work from different locations, possess a robust security feature, auto updates all the versions and much more. In this digital world, cloud based accounting software like Zoho Books accounting is more useful and is likely to gain popularity in the coming time.
Sage One Cloud Accounting
Sage One Cloud Accounting software is affordable and is suitable for small scale businesses. Like Zoho, Sage One Cloud Accounting is also a cloud based software and one of the best for small business accounting. It has enough features that a small business would need to perform it’s accounting process. It provides a 30 days free trial. One of the biggest limitations of Sage One Cloud Accounting is that it is not user friendly and a bit confusing for a beginner. It feels like it’s designed for technicals and not for common people.