10 Best Business Bookkeeping Software for 2020

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10 Best Bookkeeping Software That Accelerate
Your Business in 2020
Entrepreneurs are do-it-all-yourself kind of
people at the beginning. This has led to the
death of numerous amazing ideas as they run out
of cash or eat away into their capital while
thinking that it is profit. However, 2019 has
ranked accounting as the most crucial area for
automation in business, ahead of marketing,
sales, and customer care. Business Bookkeeping
Software, therefore, helps you to blend your
do-it-all-yourself character with the need for
automation to create efficiency. Accounting
software helps you to capture crucial data at
different points of sale, analyze it, and
generate reports that will aid in decision
making. Even the youngest business that started
operations today will require software to
maintain accurate and comprehensive records of
financial transactions. The records are crucial
for regulatory purposes and to aid during
taxation, among other instances.
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Does Bookkeeping Really Headache?
Many entrepreneurs will claim not to be
math-person. The requirement to sit for 30
minutes at the end of a tiring day to balance
your accounts makes the situation worse. The
scenario explains why a lot of businesses will
operate for months without balance sheets or
necessary statements. The complexity of your
operations will also make it difficult to monitor
performance on different fronts. You may be
dealing with multiple suppliers, selling
different types of goods, offering a variety of
services, and combining all the monies in a
single business account. The mixture of business
operations leaves your accounts in shambles. It
becomes expensive to hire an in-house accountant
to handle your books while your operations are
still young. The solution is to embrace
automated accounting solutions. The solutions
involve the installation of bookkeeping software
to facilitate the capturing of information and
generation of necessary accounting information.
Some of the applications are available on the
cloud, enabling you to enter and access data
about your business operations anywhere and at
any time.
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Role of Bookkeeping in Business

• Failure to record your financial transactions is
  the first step towards failure in a business. It
  is the reason why Virtual Bookkeeping Services is
  so important for your business to monitor
  financial performance as well as comply with
  regulatory requirements. Here are the reasons why
  you need proper and comprehensive bookkeeping
  for your business.
• Improve your financial management
• Meet regulatory requirements
• Ease Taxation
• Prudent decision making for your business
• Provide a clear picture of your financial health
• Bookkeeping plays an irreplaceable role in the
  growth, health, and relationships of a business.
  It must achieve the highest level of accuracy.
  You also need comprehensive records to maintain
  the tract of performance from all angles.
  QuickBooks Bookkeeping Services helps you to
  automate accounting and record-keeping to enhance
  the operations of your business. Here is the
  best accounting software in 2020.

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1. QuickBooks
It is one of the most comprehensive accounting
software you will find in the market. It works
on Windows, Mac, and other computerized devices.
It is now available on the cloud to enhance
virtual accounting. It allows you to choose
features so that you can accommodate your
start-up or complex business model. It comes
with numerous tutorials and videos as support. It
is a subscription service that allows you to
scale up or down with a budget of as low as 5
per month. If you are looking for Quickbooks
Bookkeeping Services near you, our Quickbooks
expert can help you.
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2. Wave
Wave is free yet offers some of the features that
other applications will charge you for. You have
a central place to track all your business and
personal finances. Since it is free, it does not
offer in- depth features. However, it will meet
your basic accounting needs like bookkeeping and
generation of financial statements.
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3. Zoho
The software is designed for small businesses
that do not have to deal with too many
employees, complex inventory, and heavy
accounting. Zoho Books is designed for small
businesses with its dash-board format, easy to
understand mode and straightforward usability.
You do not need an accounting course to use Zoho
Books. The prices range from 9 to 29 a month.
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4. Xero
Xero is futuristic accounting software that will
take you to the cloud before using it on
desktop. It is preferred for its cloud
availability which means that you can do your
accounting anywhere. You are also provided with
24/7 support alongside excellent integration
capability. You can tag your entries to track
expenditure on specific projects. A starter
version costs 9 with the premium subscription
going for 180 per month.
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5. Sage 50
Sage 50 wins because of its ability to customize
to meet your needs. It is exceptionally
sophisticated and will help you to generate
comprehensive financial statements. It also
allows you to attach details of associates,
businesses, and partners for easier management.
You will buy a subscription that will help you
meet your demands.
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6. Reckon
Reckon is designed for small businesses with its
simplistic dashboard and excellent user support.
To begin with, you can enjoy 30 days trial
version to help you make a decision. It allows
you to track time, prepare payrolls, reconcile
with your bank accounts, and send invoices as
well as bills, among other functions. It is
affordable and scalable to allow you to grow
your records as the business expands.
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7. NetSuite
NetSuite pays special attention to the accounting
needs of businesses. It helps you to achieve
accuracy and confidence in your financial
reporting through user-friendly features. You
have templates for different accounts to make
your work easier. It integrates with add-ons to
provide a comprehensive accounting solution. It
will also help you with tax management at the
most affordable price.
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8. SAP Business One
The software is designed to provide a
one-stop-shop for accounting. It will streamline
your accounting without requiring you to possess
advanced skills. The software is scalable to
accommodate your growing needs without requiring
the transfer of information. It is quick to
deploy and has integrated artificial intelligence
to make your searches easier.
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9. Everest
Everest automates your accounting processes to
achieve the highest level of efficiency. It will
also enable you to generate comprehensive and
multiple reports that will aid in decision
making. With integration capabilities, Everest
makes your financial management easier. You
enjoy round-the-clock support for your
operations.
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10. Zip Books
Zip Books is free and designed specifically for
small businesses, contractors, and accountants.
It will help you with time tracking, invoicing,
and management of virtual payments like credit
cards and PayPal. The reports generated are easy
to use and meet the industry-best practice
standards. It comes with smart recommendations
and supports to make the decision easier
and beneficial. Despite the software being free,
it offers an incredibly rich set of features.
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The appropriateness of software will depend on
your nature of operations. Some are designed for
complex business structures while others will
serve small businesses. Bookkeeping Software
2020 and others in the market come at a price.
While the price should be a consideration, you
must choose features that will help you achieve
the accounting needs of your business. Reviews of
accounting software will help you make the best
decision for your business or personal
accounting needs. If you are looking for a smart
automated solution for your accounting, then
above mentioned bookkeeping software can become
useful. And/OR, if you are already using one and
want your data to move to other then you can
take expert help of business data migration.
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THANK YOU