In today's presentation we are going to review the top 4 providers of accounting software for small business. So let's get started.

1. Best Small business
Accounting Software
Review

2. We review the 4 most popular
for your business?
which is the best fit
small business accounting
software packages

3. Quick Books FreshBooks Sage 50 Wave
Cost for
Basic
Package
$12.95/
Month
$19.95/
Month
$379.99/
One Time
Free
Cloud
or self
hosted?
Cloud Cloud Self Cloud

4. Quick
Books
FreshBooks Sage 50 Wave
Other
Available
Features
(may
require
additiona
l cost)
Invoicing
Time Tracking
Payroll
Payments
Point of Sale
Inventory
Management
Invoicing
Time Tracking
Payments
Invoicing
Time Tracking
Payroll
Payments
Point of Sale
Inventory
Management
CRM
Invoicing
Payroll
Payments
Point of Sale

5. Quick Books FreshBooks Sage 50 Wave
Other
Integrations
DemandForce,
Salesforce and
Many others
Basecamp,
highrise and
many others
Document
Management,
Sales
Management
and many
others
Not Listed

6. Quick Books FreshBooks Sage 50 Wave
Customer
Service
Phone/Email Phone/Email
Phone/Email
Live Chat
Email.
Learn More Learn More Learn More Learn More

7. QuickBooks online
How It Stacks Out:
QuickBooks has been the most
sophisticated accounting solution on the
market for years. The online version has
done an excellent job in keeping pace
with the cloud revolution, boosting
collaboration functionality, and
integrating with mobile devices.

8. QuickBooks online
Pricing:
You pay a monthly subscription
fee and can choose from three
different packages. Simple Start
is $12.95 per month and allows basic functions such
as income and expense tracking, automatic banking
integration, and sending invoices.

9. QuickBooks online
Why we like it?
• Cloud hosting means you can access
the program any time, from any computer.
• Well-designed dashboards display the financial health of
your company at a glance.
• Improved collaboration functionality allows you to seamlessly
share data with clients, your accountant and employees from
different business units.

10. QuickBooks online
Why we like it?
• Deeper focus on multi-tasking and you
can now easily switch between accounts
without logging out.
• You can easily synchronize your bank accounts for time-
effective, stress-free bank reconciliation.
• Integrated QuickBooks Online smart phone apps keep you
connected at all times .

11. QuickBooks online
Limitations
Payroll functionality is not
included in any of the three
subscription packages. It’s held back as an additional
add-on for an extra $31.20 per month.
!
You’ll also need to turn on QuickBooks Payments to
accept credit card payments and bank transfers with
per transaction fees applying.

12. FreshBooks
Best For:
Small business owners seeking a simple
cloud-based accounting solution that
requires little training to use.

13. How It Stacks Out:
FreshBooks was purpose designed for small business and
offers many of the basic functions available in QuickBooks
without some of the more advanced functionality that is mostly
reserved for medium and large business.
!
Is a user-friendly interface that’s easier to use and doesn’t
require the training time or expense required for the more
complicated QuickBooks.
FreshBooks

14. Pricing:
FreshBooks starts from $19.95
per month to manage a
maximum of 25 clients.
!
Most businesses, however, will need to upgrade to the Evergreen
package that allows you to manage an unlimited client base and
gives five additional team members access to the program.
FreshBooks

15. Why we like it?
• FreshBooks was designed for small
business people, not professional
accountants.
• The award-winning iPhone app and
new Android app allow on-the-road
connectivity for service-based professionals.
• Customer support line provides advice and troubleshooting
help during business hours.
FreshBooks

16. Why we like it?
• Customizable online invoices
support 14 payment gateways
including credit cards and PayPal,
and late payment reminders and
recurring invoices save you time.
• You can easily synchronize your bank
accounts for time-effective, stress-free bank reconciliation.
• Track your time and pull your billable hours directly into your
invoices, set different rates for each project and boost
productivity with team timesheets .
FreshBooks

17. Limitations
Our major problem with
FreshBooks is the price.
It’s expensive if you need
access for multiple staff members, and QuickBooks
offers a cheaper entry point, along with more
advanced functionality for your money.
FreshBooks

18. Sage 50
Best For:
Small and medium businesses owners with accounting
experience who want a traditional, self-hosted
software package.

19. How It Stacks Out:
Sage 50 is the only of the big four that’s not cloud hosted.
That means a more complicated set-up procedure and limited
remote access.
!
Sage 50 will be especially valuable if you have accounting
experience, however beginners may feel overwhelmed.
Sage 50

20. Pricing:
The software starts at $379.99
for a single user; $699.99 for
three users; and $949.99 for
five users. You may also need to factor the time IT
staff will take to install it into the set up costs.
!
Sage 50

21. Why we like it?
• It’s a complete accounting solution
and is the only on this list that
includes payroll processing as a
standard inclusion.
• The Inventory and Services
Management Center is great for planning
purchases, customizing item and service data,
and expanding service offerings.
• Project management tools help you ensure large projects
don’t get out of hand.
Sage 50

22. Why we like it?
• Run ‘what if’ scenarios in the
Cash Flow Manager to anticipate
your cash needs into the future
under a range of different conditions.
• You get quick access to customer
information – such as credit status
messages – when creating invoices.
• Run ‘what if’ scenarios in the Cash Flow Manager to
anticipate your cash needs into the future under a range of
different conditions.
Sage 50

23. Limitations
After a year of free Sage
Business Care Silver plan
for new users, you’ll need
to pay it. The user interface also seems quite out
dated and if you’re used to using more attractive
cloud-hosted software in other areas of your
business, using Sage 50 could feel clunky.
Sage 50

24. Wave
Best For:
Freelancers, contractors and sole proprietors
who are on a tight budget and need a basic
accounting system.

25. How It
Stacks Out:
This collection of simple accounting tools will not cut it for most
businesses.
!
However, if you’re a sole proprietor with little accounting
knowledge who feels overwhelmed by the complicated bells and
whistles of other more advanced systems, then this could be
the answer to your prayers..
Wave

26. Pricing:
Wave is free to download and
use, however the optional
payroll add on will cost you $5
per month plus $4 per employee for the first 10
employees and $1 per employee after that.
!
Wave

27. Why we like it?
• Wave connects to your bank account,
PayPal account or other sources of
data to automatically download your
transactions into the system to
eliminate manual entry.
• You can set recurring invoices and you can include a ‘Pay
Now’ button to accept credit card payments.
Wave

28. Why we like it?
• Personal finance software lets you
set budgets, assess your progress,
and track your investments with
real-time stock data.
• Snap a photo of your receipts with your
smart phone and they will automatically upload into your
records for easy bookkeeping.
Wave

29. Limitations
Wave runs internal
advertising integrated into
your dashboard to keep the
service free, but this can be distracting. It would be
worth offering an ad-free version for a small
subscription fee, but for now it seems you’re stuck
with ads.
Wave

30. And Finally...

31. the process of
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