Top 5 Cloud Accounting Software for SMBs

Cloud computing has revolutionized the way accounting companies manage financial data for their business and clients. Nowadays, there are cloud accounting software that accountants rely on to effectively manage accounting tasks for SMBs (Small-to-Medium-sized Businesses). The convenience of such software and the flexibility they allow have made them increasingly popular among accounting firms these days.

In this post, we are going to talk about the best accounting software for the cloud and SMBs. Knowing about those software will also help you choose the right one for your company.

Top Cloud-Based Accounting Software for SMBs

Now, let us tell you about the 5 best software for SMBS when it comes to accounting on the cloud:

Xero

Xero is a cloud computing software for SMBs to streamline their accounting processes. What makes it a stand out software is its user-friendly interface, so it is easy to navigate. In addition, it provides new users with handy tutorials and resources.

Moreover, Xero supports multi-currency that allows businesses to invoice and receive payments in over a hundred currencies. This feature of the software makes it an excellent option for accounting firms to serve SMB clients from around the world.

Besides, Xero can automatically convert currencies into amounts based on their current exchange rates. It also means that it saves time for users in this regard while minimizing the risk of errors.

QuickBooks

QuickBooks is a cloud-based accounting software with a wide range of accounting features. When it comes to QuickBooks, it is the automation capabilities that make it a stand out software.

Besides, QuickBooks can automate tedious tasks like data entry and bank reconciliation. Therefore, it proves beneficial for small business owners who want to focus more on their strategic tasks.

Furthermore, QuickBooks has the ability to create custom financial reports. This feature of this software makes it a handy resource for accounting firms. Relying on QuickBooks, accounting companies can create financial reports contingent on their business needs.

Zoho Books

Zoho books is another cloud accounting software that is designed for small businesses, in particular. Besides, it is the scalability of this software that makes it stand out as a top-notch software. For the same reason, it is possible to customize Zoho Books to businesses of different sizes, including freelancers and large firms.

Moreover, Zoho Books features a handy project management tool, which can prove handy for accounting companies. It also includes typical accounting features, in addition to time tracking and project management tools.

Furthermore, Zoho Books can create and assign tasks to concerned team members in a company. Further, it can track the progress of team members in an organization. Considering the features of this accounting software, it can help businesses improve their overall efficiency and profitability.

FreshBooks

Another cloud-based accounting software to meet the needs of small businesses is FreshBooks. Moreover, the user-friendly app (application) of this software makes it a handy resource. Utilizing its app, business owners can manage accounts while travelling to ensure their finances are up-to-date.

In addition, FreshBooks has an interesting feature. That is, time tracking. The aforementioned feature of this software allows users to keep track of tasks they spend on accounting tasks. Further, the same feature can help accounting firms improve their accuracy in billing clients and allocating resources.

Sage

Last on our list of the best cloud-based accounting software is Sage. Besides, Sage is an accounting software designed to meet the needs of medium-sized businesses. The customizable invoicing and payment processing capabilities of this software make it a stand out software.

Relying on Sage, business owners can generate professional-looking invoices, track payments, and set automatic reminders for outstanding payments. Moreover, Sage also offers an interesting functionality bank feed. The aforementioned functionality of this software lets it import bank and credit card transactions automatically into it. Most importantly, it saves time and minimizes the risk of errors.

In addition, the bank feed feature that Sage has also allows users to swiftly reconcile their accounts. Further, it aids businesses in keeping track of their finances in real time.

The top 5 accounting software we have mentioned above have become an essential tool for accounting firms utilizing the cloud. Capitalizing on cloud-based accounting, top accounting firms offer accounting services to SMBs conveniently and flexibly.

Conclusion

Cloud computing has revolutionized the way accountants work. Relying on the best cloud accounting software, top accountants manage accounting tasks for businesses and SMBs. Top 5 cloud-based accounting software include Xero, QuickBooks, Zoho Books, FreshBooks, and Sage. The stand out feature of Xero is its user-friendly interface. In addition, QuickBooks stands out as a powerful accounting software because of its automation capabilities. Zoho Books allows businesses of all sizes to customize their accounting tasks, and FreshBooks has an excellent app. Lastly, Sage is an outstanding cloud-based software because of its invoicing and payment processing capabilities.

Media Contact:

Company name: GTA Accounting

Telephone: 416-900-3826

Email: [email protected]

Address: Suite 501 – 250 Consumers Road, North York, ON, M2J 4V6

Website: https://www.gtaaccounting.ca/

GTA Accounting is a reputable accounting firm in Toronto that offers bookkeeping and accounting services. Income tax return, payroll, and audit, to name some of the services they offer businesses.