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Choosing the Best Accounting Software for Small Business

May 19, 2018

Choosing the best accounting software for small businesses is not as simple as most people think. With the opportunity to cut overhead by up to 75% with the small business accounting solution, making the right choice on what is better. Do you know how to choose the correct accounting software? Look at our essential tips to help make your choice easier.

Choosing Accounting Software for Small Business

1. Know your business

What does your business do and what features do you actually need to track plays a great role in choosing the accounting software? In case you’re in retail/wholesale, health/fitness, coaching, IT development, or some specific industry that has regular requirements for accounting, you might want to check Bearbook.

2. Seamless experience

Are you planning to use a Project Management tool or a CRM tool for your business to scale? Bearbook provides a seamless experience in all these domains- so that you can focus on what matters the most- YOUR BUSINESS.

3. Budget

You can find accounting software at various price ranges; however investing in your perfect accounting software is a worthy investment. The software should be able to provide great insights in your Sales and purchases and also help you be compliant. Also, you must not require a separate accountant as this will add to the Software costs. Try to achieve what you need in the budget that has minimum fixed costs

4. Available Anytime Anywhere

In today, most accounting software companies have started taking their platforms to the cloud. Online accounting software will frequently have a pay-as-you-go show that gives you a chance to pay a small month-to-month fee and enables you to access the software anytime, anyplace. Moreover, utilizing a cloud or web-based accounting software gives you expanded security from losing all of your information from theft or PC crashes.

5. Try a demo

Before investing right away, why not spend some quality time. Sealing the deal with the right accounting software is like a marriage. Okay, a short-term relationship. But, we would love to have you on board. Take a demo and let us know what you think. Your perfect match is just a few clicks away.
Others that you might want to try are:

  1. Bearbook - The design is simple and intuitive. It takes care of expense management, inventory management, GSTR reports, etc. Ideal for teams less than 10 people and little or no accounting knowledge.
  2. Tally- We believe that Tally requires a high use of accounting knowledge, and an accountant must be hired to ensure you manage your accounting needs.
  3.  Busy-Loaded with all possible features, busy is a gem of a software. It is hard not to get lost in the various functionalities that busy offers. Looking for something simple and powerful, you might want to skip this one. 

 

Conclusion

The purpose of the accounting software is to provide you an accurate view of the on-going business and help you plan your next moves- in minimal efforts and costs. Short demos with various companies will definitely help you choose your best fit.

PS: We just want to tell you that we will be privileged if you allow us to grow with you together.