Taking your business to the next level has never been easier than it is today. Accounts payable software is one of the first investments that you can make as a small business owner. The ability to streamline all business operations allows you to focus your time on growing your business rather than wasting it by manually creating invoices and other time-consuming activities.
The best accounts payable solutions will allow you to create invoices, record any incoming and outgoing payments, run reports to analyze the health of your business and more. The best part is that many of these solutions are automated and require far less time to manage. The next question to ask yourself is, which accounts payable solution is the best for your business? Fortunately, we’ve done the work for you and rounded up some of the best options available today.
Xero is a great solution designed specifically for small and medium enterprises in mind. A massive benefit here is that it is user-friendly and easy to learn. The price point for entry is one of the lowest at just $9 per month, giving you even more incentive to consider Xero. Higher-priced packages allow more utility and even more features such as full-service payroll and unlimited invoices.
Today, many businesses are turning to cloud-based storage systems, decreasing the need for expensive hardware and the high maintenance costs that come with them. With NetSuite, you will be making use of the latest cloud ERP solutions for a fully automated system capable of managing financials, billing, orders, inventory, revenue, and fixed assets.
Sage Intacct is another popular cloud-based automation solution. The benefits here are that it is usable by freelancers as well as small businesses. Some of the features include a general ledger, invoice automation, time tracking, bank reconciliation and the ability to make payments via several different methods (check, credit card or bank transfer).
One major difference between QuickBooks and the other listed accounts payable solutions is that it can be used both in web and mobile format. This is great for business owners on the go, as you will be able to access your financials at any time with your mobile device. There are also tools for expense tracking, calculating taxes, managing invoices, monitoring sales and the ability to export data to excel.
Are you finding it difficult to balance your books as well as your time? At Accounting Re-Imagined, we offer accounting services for small businesses that you can rely on. Contact us today for more information about our products and services.