Also, the ability to make online payments requires an added fee for all three Xero accounting packages. The low-end Self plan is intended for contractors and sole proprietors and excludes support, while the $19-a-month Pro plan is designed for a business owner to share with their accountant or business partner. Most SMBs are better served by OneUp’s higher-end Plus and Teams products that cost $29 and $69 a month and support three and seven users, respectively.
TimeTrex
We found QuickBooks slightly more difficult to use than Zoho Books, but most basic tasks were quite easy. Additionally, Zoho Books doesn’t offer live support outside of 9am to 6pm, Monday to Friday. If you want support outside of these hours, competitors such as QuickBooks and FreshBooks, who offer weekend support, are more suitable. Part of what made it easy to use were the clear sidebar dropdown menus and the email-inspired layout of quotes and invoices, which made for simple editing.
Mercury Bank: Startup Bank
- From finance tools to customer experience solutions, SaaS products provide startups with valuable tech resources to run their business smoothly.
- However, traditional accounting software falls short of addressing the unique challenges faced by high-grow brands like startups.
- Gusto is a solid choice for startups looking for an easy, all-in-one payroll solution that’s also affordable.
- Now there’s a few other software companies like FreshBooks which is really great for independent contractors or super small businesses.
- While implementing comprehensive systems involves initial and ongoing costs, the long-term benefits, such as streamlined processes and enhanced data visibility, are substantial.
- Its tightly integrated family of business apps includes accounting, business intelligence, CRM, eCommerce, and numerous other solutions.
When you’re looking at different software options, make it a point to ask specifically how they connect with your existing tech stack. Do they offer direct, out-of-the-box integrations, or will you need to rely on third-party connectors or APIs? The easier it is to get all your data sources talking to each other, the faster you’ll start seeing the real benefits of automation.
Ready for Payroll That Fits Your Workflow?
That’s why we use QuickBooks Online for pretty much 100% of our 750+ startup clients. It’s also important to us an online accounting software so you don’t need a bookkeeper to come to your offices every month to do your books. In this guide, we’ll break down the top accounting tools for startups, compare free and paid options, and help you find the best fit based on your business stage. FreeAgent automatically imports and categorizes bank transactions, keeping your books up to date. It also allows you to send invoices, track expenses, and generate detailed financial reports, all from one intuitive platform. Kashoo https://www.theclintoncourier.net/2025/12/19/main-advantages-of-accounting-services-for-startups/ is a powerful double-entry accounting software that redefines financial management for small businesses.
- The Brex business account consists of Checking, a commercial checking account provided by Column N.A., Member FDIC, and Treasury and Vault, cash management services provided by Brex Treasury LLC, Member FINRA/SIPC.
- AccountEdge is a desktop accounting software designed for startups and small to medium-sized businesses.
- Startups working in or with Web3/Web 3.0, NFTs, Distributed Finance, etc. need an additional piece of fintech infrastructure to process their accounting efficiently and correctly.
- This makes it an accessible choice for entrepreneurs and startups looking for comprehensive yet cost-effective solutions to manage their finances.
- A user-friendly interface is absolutely key to successful adoption and ongoing efficiency.
This could be very limiting for businesses with clients who operate in multiple locations, so we recommend QuickBooks or Zoho Books if you need this feature. Xero could be more user-friendly, especially when it comes to layout, as we’ve noted above. It also looks quite dated compared with accounting for startups its competitors, which doesn’t help with the overall experience of using it.
Best for Very small, service-based businesses
On the platform, users can conduct end-to-end accounting tasks, manage inventory, set up a business banking account, and track time spent on projects as well as create invoices. Zoho Books can also integrate easily with Zoho’s over 50 other business products to manage all aspects of their business from one platform. Whether you’re running payroll or time tracking, HR software like Gusto makes managing employees easier. Gusto is a user-friendly, feature-heavy platform that allows businesses to quickly and easily run payroll for domestic and international employees while calculating and filing necessary taxes. What’s the first step I should take if I’m considering accounting automation software?
