Top 5 Accounting Apps for Small Businesses in 2024
By Ted Iwere
With hundreds of accounting apps available today, many small business owners may be confused as to which of those is best suited for their small businesses.
In this article, we discuss the top five accounting apps for small businesses in 2024 according to their ease of access, functionality and price.
Accounting apps are best for business owners who don’t have any accounting experience, are constantly on the go or dread bookkeeping.
They are able to track and record their day-to-day financial information in pursuit of convenience and easy access.
1. FreshBooks
The Freshbooks accounting app is cloud-based and easy to use.
One of the most accessible accounting apps to use, especially if you don’t have any accounting knowledge.
With the FreshBooks app, small business owners can automatically sync data between desktop and mobile apps so your information is always updated across devices.
It allows you to track your billable hours, create and send invoices, chat with clients, capture receipts, manage expenses, etc.
Costs for accessing FreshBooks range from $15 per month (approximately 6,000 Naira) to over $50 per month (approximately 20,000 Naira).
It is available on both Google and Apple play stores with excellent customer reviews.
2. QuickBooks
With over a million downloads on the Google Play store, this is one of the most popular accounting apps for small businesses in 2024.
Featuring a simple user interface, QuickBooks lets you create invoices, manage expenses, capture receipts, and process mobile transactions.
Though the app is free to download, you need a QuickBooks account to access it.
Pricing for a QuickBooks account range from as little as $10 per month (approximately 4,000 Naira).
It is available on both Google and Apple play stores.
3. ZohoBooks
The ZohoBooks is a mobile-friendly accounting app that can be used to chat with customers, manage expenses, create and send invoices, and track billable hours.
Access to ZohoBooks features is available between $9 (that’s 3457 Naira) and $29 (11,142 Naira) per month.
4. Xero Accounting
It is not as popular as QuickBooks or even Wave Apps, but it allows you to view your cash flow in real-time, reconcile your bank transactions, send and track invoices, and quotes, and capture receipts directly from your customers and suppliers.
A monthly subscription for Xero accounting costs between $9 (3457 Naira) and $60 (23,000 Naira).
5. Wave Apps
There are presently two Wave accounting apps; Receipts by Wave and Invoice by Wave.
Even though these apps offer amazing accounting tools they are free to use.
Receipts by Wave can be used both online and offline (syncs automatically as soon as an internet connection is available) to track and capture receipts.
While the Wave Invoice App can be used to create, and send receipts as well as automatically send you payment reminders.
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