An important part of running your small business is managing your budget and accounting needs. Whether you use an accountant for your business or you do the job yourself, budgeting software can make the job easier.
Many accountants recommend budgeting software to their clients based on their knowledge of the business and how it’s run. If you don’t have an accountant, you may want to check out a few of the top-selling budgeting software products on your own to see if one is right for you and your company.
$199.95 QuickBooks Online offers three price points ranging between $10 and $30/mo., vs. $199 for the desktop version
Features differ depending on whether you get the desktop or online version. All allow you to track income and expenses, capture and organize receipts, maximize tax deductions, invoice and accept payments, run basic reports, send estimates and track sales and sales tax. More expensive versions allow you to add more users and manage bills, timesheets, and contractors.
PC Mag’s editor’s choice, QuickBooks provides a wide range of useful features. A consumer favorite for years, the most-often-cited downside to QuickBooks is the price tag that comes along with its prominent reputation.
Tech support available to Pro/Premier customers 24/7; days and hours vary for other customers
Send invoices, manage bank transactions, track expenses, get daily updates on bank and credit card balances, collaborate with team members
Xero’s customers love this New Zealand company’s software for its features and the fact that users are unlimited. Its lack of phone support is a turnoff for some, however.
Support 24/7, online only, no phone support
The right budgeting software not only saves you hours spent doing your accounting the old-fashioned way, but it also saves you money by freeing up time for you to devote to growing and marketing your business. All the money you save can be plowed back into your company, and that means you can grow faster.
Another way your business can save money is by renting affordable office space. Yearlong leases can be pricey, and startups should be wary of locking themselves into such lengthy, expensive agreements. A better choice is to rent affordable office space.
Temporary or shared office space is a great solution. You can rent an office, suite, or meeting room for an hour, a day, a week, a month, or longer. You only pay for what you need. Rent affordable office space for the short term and get nicer quarters in a better area of town for a fraction of what you would pay for a lease.