QuickBooks is well known and integrates with banks and credit cards well, but it is pricey. Is there a cheaper alternative for aggregating data that creates a general ledger, P&L and balance sheet? One that is intuitive and doesn't require extensive excel knowledge or programing ability.
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Replies (5)
TimDelaney
7 months ago
I love quickbooks, but do hate the price. I use it for multiple businesses though because it is so easy to work with.
WaveApps is another option and is free. I use that for keeping the books on my short term rental since there are less transactions than my other business, but it is a bit clunkier and less intuitive. Overall though, it is great for the price if your business is not doing dozens of transactions/day.
Ben Pawson
9 months ago
I use a tax/acccounting service for my small business that utliizes Gusto for payroll and Zoho for the accounting - it works fine for my consulting business.
mammothlakesfi
10 months ago
I use the free version of Wave for my business. Easy to use, but you have to pay for the data aggregation/account linking.
dm7
10 months ago
I have a very small service type business where I just bill my time. I use Zoho to do my invoicing. It's very easy to use and it's free! It also works well with stripe for credit card payments. Probably paypal and venmo as well. Zoho has a full lineup of software for running a business. My work is really simple so I just use the Zoho Invoice app.
emily613
10 months ago
Xero is good. More user friendly and less expensive than QBO. It does depend on what type of business you plan to run. If you have inventory or some type of manufacturing with assemblies, then QBO is the way to go. If it's a service business then Xero is a great fit.
It does still require a good bit of set-up, especially if you have a few integrations with other apps. I'm familiar with several different platforms, and I can help you set up whichever one you decide on if you need assistance.
The $20 plan for Xero is just fine for the majority of businesses.