Finagraph gives you powerful financial information about your business that you can use to make predictions. This app essentially takes your QuickBooks Online data and explains it. Android users have an overall better experience, and there are thousands of Android reviews of Xero’s app (compared to a few hundred of the iOS app). We rate these applications primarily based on how easy they are to use, how much they do, and their price.
How Do Accounting Apps Handle Completed Transactions?
The platform has end-to-end accounting resources to handle the more monotonous, frustrating elements of this side of your business — including invoicing and raising sales orders. The program also has a client portal to help you seamlessly connect with your customers. Brightbook is a web-based accounting solution tailored to suit the needs of independent contractors, freelancers, and small business owners — though it tends to work better for the former two. GnuCash‘s initial setup and somewhat dated-looking interface might turn a lot of potential what is a note receivable users off.
You can save it as a draft or a final version and either print it or email it. If you do the latter and have established a relationship with a payment processor, then your invoice can contain a stub explaining how the customer can return payment via credit card or bank withdrawal. You can sometimes create a PDF version of the invoice, copy it, record a payment on it, and set it up to recur on a regular schedule. Creating records can be tedious work, but you’ll thank yourself later when you don’t have to pause in the middle of a transaction to add one. You do the same thing for the products and services you buy and sell, so you can add them easily to transactions. Remember, free accounting solutions are designed to help get you off the ground.
The 8 Best Bookkeeping Apps for Small Business Owners
The GPS mileage tracker is great for companies where employees spend a lot of time in transit, like real estate agents who spend the day traveling from house to house. And the secure invoicing via text feature works well for freelancers who need a quick, easy way to get paid on time. Still, users worldwide rave about Zoho’s accounting app, which is super user-friendly and isn’t plagued with bugs or crashes. So if you don’t need payroll integration but do need on-the-go bookkeeping, Zoho Books‘ affordable plans might be worth your while.
Our top free bookkeeping software recommendation is Wave Accounting. It offers fully featured reports and full accountant and bookkeeper access. Along with unlimited users, it lets you add unlimited bank accounts and credit cards for easier (and more accurate) bank reconciliation.
Document Management
Reports are how you get the information you need, in order to determine how well your company is doing. You can download the FreshBooks mobile accounting app from any iPhone or iPad running iOS 15 or higher and any Android device running Android 7.0 or higher. You can access your FreshBooks account from any mobile browser though, regardless of device.
Why You Should Import Transactions and Bank Balances
- Akaunting is a free, open-source accounting solution for small businesses and freelancers with a global reach and a sizable user base.
- Once you start entering records and transactions, your app’s dashboard will show your data.
- Intuit developed this cloud-based software specifically for non-accountant small-business owners, and everything from the interface to the initial setup is as simple as possible.
- Zoho also lets you tag reports in ways that are easy for you to sort through, read, and understand.
Plan for that process ahead of time by leveraging a program that will let you seamlessly export and migrate those existing records to a paid platform. If you‘re looking for a comprehensive suite of accounting features and don’t mind working with a relatively stripped-back program, consider checking Brightbook out. Having multiple business-related apps can crowd your smartphone’s home screen and get tedious to flip between. Odoo houses all of those apps in one place, so that you can easily pivot from viewing reports to managing inventory. We believe everyone should be able to make financial decisions with confidence.