Small Business Advice

Top 4 accounting software products for small businesses

Jack Stratten

The very best apps for SMEs

Whatever industry you're in, and whatever the size and scale of your business, good accounting software can be invaluable.

From getting prepared for tax returns to understanding your profitability, accounting software is more than just a time-saving tool. It helps you to make better decisions, improve your operation, and grow.

Here's our top 4 accounting software products, as well as a quick guide to the benefits of each:

QuickBooks

QuickBooks is one of the best-known examples, and for good reason.

A basic plan starts at just £5 a month for the first 6 months (£12 thereafter), and it's famously easy to use.

It has everything you need - and nothing you don't. It really is the ideal starting place for small businesses.

FreshBooks

FreshBooks' basic plan is even more affordable - £4.40 a month, and it doesn't go up.

It probably isn't quite as feature rich as QuickBooks, but for most micro and small businesses simply wanting to organise their invoicing and get a better view of their cashflow, it works perfectly well.

Sage

Sage is a little more advanced - and a little more expensive, with a lowest price of £12 a month.

However, it's better suited for growing businesses with slightly more complex invoicing and financial management needs. You can easily add payroll and cashflow forecasting, for example.

Xero

Xero is available from £10 per month, although this plan is quite limited.

You'll likely need something more advanced, from £24 a month. However, for this you get Xero's famously slick and intuitive dashboard - making it very easy to learn.

It's also very easy to add automated features like payroll and expenses.