The Best Small Business Accounting Software: 11 Alternatives to QuickBooks

QuickBooks has long been one of the most popular accounting software options for small businesses. However, it may not be the best fit for every business owner. If you're looking for a small business accounting software other than QuickBooks, here are 11 helpful alternatives to consider:

1. Bench Accounting

Bench Accounting offers an all-in-one bookkeeping solution for small businesses. They assign you a dedicated bookkeeper who will handle all your bookkeeping needs, including categorizing transactions, preparing financial statements, and answering any questions you may have.

2. Xero

Xero is a cloud-based accounting software designed for small businesses. It offers features such as invoicing, expense tracking, bank reconciliation, and financial reporting. Xero also integrates with popular third-party apps, making it a flexible and scalable option for growing businesses.

3. One Up

One Up is a comprehensive small business accounting software that offers features such as invoicing, inventory management, purchase orders, and CRM. It is cloud-based and can be accessed from anywhere, making it convenient for businesses with remote teams or multiple locations.

4. You Need a Budget (YNAB)

If you're focused on budgeting and personal finance, You Need a Budget (YNAB) is a great alternative to QuickBooks. YNAB helps you create a budget and track your expenses, giving you a clear picture of where your money is going.

5. Wave

Wave is a free accounting software that offers features such as invoicing, expense tracking, and receipt scanning. It is particularly popular among freelancers and small businesses with simple accounting needs.

6. GNUCash

GNUCash is an open-source accounting software that is free to use. It offers features such as double-entry bookkeeping, invoicing, and financial reporting. GNUCash is a good option for businesses that prefer open-source software and have some accounting knowledge.

7. Tiller

Tiller is a spreadsheet-based accounting software that integrates with Google Sheets. It allows you to automate your financial data and create customized reports. Tiller is a good option for businesses that are comfortable working with spreadsheets and prefer a flexible solution.

8. Excel Template

If you're looking for a simple and customizable accounting solution, using an Excel template can be a good alternative to QuickBooks. There are many free and paid Excel templates available online that can help you track your income and expenses.

9. FreshBooks

FreshBooks is a popular accounting software that offers features such as invoicing, expense tracking, time tracking, and project management. It is known for its user-friendly interface and is a good fit for service-based businesses.

10. Gusto

Gusto is a comprehensive payroll software that also offers features such as benefits administration and HR management. It is a good option for businesses that need a dedicated payroll solution.

11. Square

Square is a payment processing platform that also offers basic bookkeeping features. It is a good option for businesses that primarily need a solution for accepting payments.

Determining the right Quickbooks alternative for you

When choosing a small business accounting software, there are several factors to consider:

• Your specific accounting needs: Determine what functions are essential for your business and prioritize them.
• Volume of transactions: Consider the number of transactions your business generates and choose a software that can handle the volume.
• Accessibility and collaboration: Determine who needs access to your accounting and whether you need a cloud-based solution.

By considering these factors, you can find the best small business accounting software that fits your specific needs.

key takeaways

While QuickBooks is a popular choice for small business accounting, it may not be the best fit for every business. Fortunately, there are many alternatives available that offer different features and cater to different business needs. Whether you're looking for simplicity, budgeting, free options, or specific functionalities like payroll or inventory management, there's an alternative out there for you. Take the time to evaluate your business's needs and explore the options mentioned in this article to find the best small business accounting software other than QuickBooks.