If you're operating a business that is largely or entirely tracked by software automation (think Shopify, Amazon, Uber, Etsy, AirBNB etc.) then you may be interested in Synder, the double-entry accounting API.
The market for small business accounting software is growing and has a lot to offer. There’s one thing for sure — committing to any software is going to require research and analysis of the things you need from such a system. It’ll help you if you decide early on whether you’ll need to process payroll, accept payments using your accounting software, and maintain an inventory. Answering these questions will help you finalize the top contender list and choose the best accounting software for a small business.
What is the best accounting software?
There are many small business accounting software options. Some of them are free, while others are only available by purchasing an annual subscription.
There’s a number of questions to consider. Would you like to keep your information in the cloud, or is desktop-based service better for your specific security requirements? Will you be recording inventory? Is it important for you to automate various workflows or would you like to manually perform those repetitive processes? What kind of subscription would you prefer: monthly or annual?
Benefits of implementing accounting software into your business routine
The most inefficient and time-consuming business tasks are often related to bookkeeping, accounting, and financial reporting. What’s more, they can be rather costly.
Here’s what you’ll gain when using small business accounting software:
One place to store all the financial information about your business.
More free time to create new strategies since the accounting operations are mostly done in the background and don’t need your assistance.Automated recording of your sales from more than one platform due to integrations.Higher accuracy of the final reports.Additional unique features that’ll ease your accounting tasks A LOT.
The best software would be one which fulfills your requirements seamlessly!
That said, I highly recommend Synder. It’s a great SaaS product for centralized order management and inventory management.
It is particularly useful if you are selling on multiple channels such as various marketplaces (Amazon, ebay, Etsy) and your webstores (on Shopify, Magento, WooCommerce, BigCommerce). Apart from online channels, it can be used for your B2B sales as well as your retail POS store.