Related Article: How to Send Electronic Invoices Managing the money is only one side of your business management tasks, but robust accounting software can offer additional features. This keeps everything in sync and will really help when it comes to managing your money and taxes. Reconciliation – Reconcile all of your invoicing, expenses, payments, and more with your bank account.Easily add time to your invoices and bill people quickly. Track the time you spend on various projects and tasks, including hourly rates. Record and capture all of your business expenses, including one-off and recurring bills and expenses.

This is one of the areas where you’ll save most time using an online accounting app. You can also track overdue and paid invoices. Quickly and easily produce and send customized invoices to your clients. If they accept the quote, you can easily convert it into an invoice for payment. Produce and send quotes and estimates for your customers. We’ll briefly explore the main features of accounting software before focusing on the big four and how they take payment, process money, integrate with payment gateways, and how much client payments will cost you.įreshBooks, QuickBooks, ZipBooks, and Xero have payment/billing features and project management features as standard. These accounting packages feature integrations with other apps, including payment gateways and providers.

Online accounting software is on the rise, making it much faster and easier to track and manage everything to do with your money.įour of the most popular online accounting apps are FreshBooks, QuickBooks, Xero, and Zipbooks. The days of relying on Excel spreadsheets, invoices in Word, and notes for recording time are, thankfully, becoming a thing of the past.

There are always invoices to be sent, bills to be paid, time to be tracked, and reconciliation to be done. In fact, spending time managing money is probably something you do a lot. Accounting software can be a blessing or a curse, and it all depends on choosing the right program for your needs.Īs a small business owner, freelancer, or entrepreneur, your most precious resources are time and money.

Xero accounting software comparison