Accounting software can cost as little as nothing and as much as several hundred dollars a month. Free software usually offers fewer features than paid software, so we recommend it primarily to freelancers, solopreneurs, and businesses with few employees. Bigger businesses should plan on spending quite a bit more per month-or even on outsourcing to a virtual accountant. At minimum, accounting software should sync with your business bank accounts to help you track each financial transaction. Even the most bare-bones financial software should include features like invoicing, expense and income tracking, bank reconciliation, and mileage tracking. Most paid accounting solutions will automatically generate journal entries for your chart of accounts every time you accept a payment or pay a bill. Some automatically reconcile your bank accounts, and still others automatically sync with your payroll software to keep your accounts in order. The more automation, the more time saved (hypothetically, at least)-but the more you'll pay for your software too. If you can't figure out how to use your software, the amount of bookkeeping features it has doesn't matter. #Google accounting software for small business how to
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