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The moment you start your business, the cash flow begins. All businesses need some investments and sudden emergencies that are enough to make your budget off balance. Generating invoices for each of your customers and making sure they pay the amount is also a great deal. There are other essential expenses like insurance and long-term planning that you cannot ignore. There are also tax calculations and filing. So managing finances for a business becomes really hard. And if you have a small business, you also have to prepare for the sudden downfall or need some money to invest in some crucial components and projects. But 2020 has taught us that the world does not take time to turn upside down. Your business might seem stable, but there might come some emergencies or other unseen issues, and you have to be ready for all of that. There is also the tactic taxation and the other details that you have to keep in mind. Budgeting is a vaccine for these types of situations.
» What is a Mobile Accounting App?
So, keep a notebook with you and jot down all the transactions and invoices there. You have to recheck the pages to find out the unpaid invoices and follow up with your customers accordingly. And at the end of the year, calculate your sales tax from there only. Lose the notebook, and you will have no idea of how to manage your finances anymore. Sounds too tiring, right? That old-school approach is quite hectic and time-consuming for this fast lifestyle nowadays. You can then hire a bookkeeper and let a chartered accountant handle your finances for you. Except that will cost you a fortune to pay them as a small business owner. But why go to such an extent when you can let your mobile handle all these with just a few clicks! So an accounting app is best for you. It lets you quickly note and track all your expenses and earnings. You can automate parts of your budget and plan to accommodate all the things you want to have here.
» How To Choose the Best Business Accounting App?
But the problem is, there is too much accounting software for mobile apps out there. And when it comes to finances and sensitive information about your business, you cannot just trust any random app. You only need to use a properly authorized and trusted app for the top level of safety. You also want to make sure there is a proper payment gateway, the accounts are correctly connected with your bank, and save all your transaction history. It should also help you in filing your taxes for your business, integrating the most used software and clouds, and also making a detailed report with all the information you need. There is also automating the repetitive tasks and tracking the timings of the invoices or transactions. And choosing one software with so many parameters is not easy. But relax, as we just made that easy for you. Here we have listed the top 10 accounting apps so you can choose any one from them without much effort. All of them are also available in the website versions. But we know the apps are easy to use and handy for tracking all the expenses frequently, so we included the app versions of that accounting software. The best part is, the list has accounting apps for iPhone and Android phones both. So no matter the company you prefer, you can pick up any app from the list.
» Here are the 10 best mobile accounting apps. Please take a look…
1. QuickBooks Online
As a business, QuickBooks has been in the industry for 28 years, and they have dedicated themselves to help small businesses like yours flourish and achieve their goals. It has already acquired a user base of 7 million people worldwide. You can track income and expenses, organize receipts, track mileage, generate invoices, manage cash flow, and even track sales tax for you. They offer four packages that are sure to meet all your business needs accordingly. The best part? They are giving a hoping 50% discount for you for the first three months! If you are new to this kind of apps, a clean interface with only the essentials is the best suited for you. Their “simple start” package is for $25 per month and $12 per month with the discount. Their users love the “plus” package the most, which lets you track inventory and manage bills at a cost of $35 per month with the discount. And their advanced package will cost you $75 per month, it offers too many additional features like business insights and batching invoices, automate workflow, and a dedicated accounts team. You can integrate apps like PayPal and have a live bookkeeping session with their experts too. And if their offers and discounts are not alluring you yet, it is offering you a 30-day free trial. So visit their website and sign up if you like their services. Download QuickBooks Accounting App for Android and iOS.
2. Xero
From paying your due bills to generating invoices and transactions using banks seamlessly, Xero is your all-in-one accounting partner for running your business smoothly. With more than 2 million users worldwide, they are not behind in the competition too. Their services include paying bills, claiming expenses, connecting bank accounts, accepting payment and tracking projects, etc. As a new user, you might get stuck while using it and mess up your accounting information- but they offer 24/7 support. So you do not have to pause your transactions for that. Their plan starts from only $20 per month, and their most popular standard plan will cost you $30, and their premium plan is $40 per month. Xero also offers a 30-day free trial, so you can experiment and check whether it covers all your needs effectively. You can customize these plans by adding the expenses claiming and project tracking features. Download Xero Accounting App for Android and iOS.
3. FreshBooks
FreshBooks offers solutions like generating invoices, accepting e signatures, accepting deposits, scheduling late fees, estimation, onboarding services, unlimited time tracking and expenses, etc. It helps you handle multiple clients based on the plans you are choosing. This app even lets you integrate with other business essentials like Gmail, MailChimp, Slack, and other apps. They already have a profound user base consisting of 24 million FreshBooks users from over 60 countries- which proves the authority of this app in the industry. And it demands, an average business owner can save up to 192 hours of accounting work by using this app. FreshBooks can make invoices and produce digital receipts for you too. Their detailed guide makes it easy for you to choose the perfect plan for your unique needs and use it efficiently. They offer a flat 60% discount for the first 6 months, and their most popular plus subscription will cost you $7.50 per month only. To leverage their free 30-day trial without entering any credit card information, visit their website. Download FreshBooks Accounting App for Android and iOS.
4. Sage Accounting
How many offers do you expect from an accounting app? 30? Okay, 50? Sage Accounting is now offering you 70% for the first six months! They also offer a free trial for first-time users. But the offers do not establish credibility in the market, and Sage Accounting knows it too. From automating transactions, to generate invoices and even handling the taxes, Sage Accounting can save your precious time and effort in many ways. You can easily create your account, configure the way you want it to work, and start tracking invoices. You can get a glimpse of all your cash flow details with just a single click. And for any type of problems you might be facing, they offer around-the-clock support, live QnA to remove your doubts, and even 1:1 consultation for personalized problem-solving. The US-based support system is also a plus point for you. Their entry-level plan will cost you $10 per month. And the advanced version will be for $25 monthly and offers you additional services like forecasting cash flows, sending quotes, and supporting unlimited users. Download Sage Accounting App for Android and iOS.
5. Zoho Books
From managing your day-to-day transactions, to automate the business workflow, Zoho Books can do it all for you. And throughout the past ten years, this app has managed to build a reputation as an accounting assistant and live up to the expectation. It helps you negotiate deals, generate invoices, calculate sales tax liability, and even prepare audit reports. And if you want to integrate it with your other business-related accounts- Zoho offers a grand integration scheme with popular sites like Office365, G Suite, Stripe along with dozens of apps of their own. So Zoho Books is an easy replacement for your bookkeeper and chartered accountant. Their paid subscriptions start from only $20 per month for your organization. Their professional subscription is for $50 a month, and the premium plan is for monthly $70. Download Zoho Books Accounting App for Android and iOS.
6. Wave Invoicing
Wave can be the virtual accounting partner for your business. As a small business owner, it is no less than a headache to manage your cash flow swiftly and keep a tab on the details. And when it comes to filing taxes, things can get really messy. But Wave Invoicing arranges and organizes all your income, expenses, and payments once you connect your bank account with it. Even the large brands need a virtual hand to track all their transactions and tax information- Wave is there to help you in these situations. For storing and managing such sensitive information online can cause critical doubts about security. Wave Invoicing understands it too. That is why they encrypt the bank-related data in 256 bit SSL encryption and set the data as read-only. They offer free subscriptions too. So you can easily create an account for free and try out their features. Yes, you can use it for unlimited time with no hidden cost for all your invoicing, receipt scanning, and accounting needs. Though their browser is really fast and competent for all the work. Download Wave Invoicing Accounting App for Android and iOS.
7. FreeAgent
FreeAgent is specially created for freelancers, entrepreneurs, and small business owners, to ease up their worry on the accounting part amid their busy and hectic schedules. There are more than 100k businesses around the world who take help from FreeAgent for all types of finance works like calculating tax, making invoices, and tracking the expenses of a project. So you can trust this one of the best free mobile accounting apps to deliver the best services for you. It lets you send recurring invoices, so you do not have to devote time and effort to follow up with your customers that tend to ghost you a lot. It is one of the best free mobile accounting apps and has an easy-to-skim dashboard that lets you understand the exact financial position of your business in an instant. They have various templates so you can easily estimate expenses for the project and plan for your business ventures. They even provide you a real-time view of your cash flow as you connect your bank account with it. Visit their website and avail of their free 30-day trial. There is also a 50% discount for the next 6 months, so you only have to pay $12 even after the trial. The best part is, you do not have to enter your credit card information before signing up here! Download FreeAgent Accounting App for Android and iOS.
8. Sage Intacct
Okay, that’s too many sages for managing your finances, right! But do not underestimate what Sage Intacct can do for your business accountancy. Their quality services and accurate analysis have attracted businesses from fields, like- healthcare, wholesale distribution, SAAS, hospitality, real estate, and more. As the best core accounting and financial management platform, they analysis data and automate of complex processes. They are easy to integrate with clouds like Salesforce, ADP. And their additional capability to increase your productivity and help you make timely decisions, the best choice for your accounting apps. Their app versions let you access conference maps, check out the conference highlights, schedule meetings with your peers besides various other services. You can submit your business details to avail of personalized pricing for your requirement. Download Sage Intacct Accounting App for Android and iOS.
9. Kashoo
After going through all the future-proof and top-notch mobile accounting apps, are you getting some feature-fatigue? Okay, let’s try out something simple then. Kashoo has only one motto, to make accounting easier and simplistic for your business. If your business is really small and needs less than 500 transactions every year- then Kashoo is your best accounting partner. It is compact and comes at a lower price, and covers all the essentials features too. Just connect your cards, bank accounts, and Kashoo will handle the accounting and tax part automatically. It has hundreds of free templates and resources too to support your business in all kinds of ways. If you only need to generate invoices for your business, they offer a free invoice-generating subscription. If you want to use them for your accounting requirements too, they offer a $20 per month scheme. And for your specific and advanced needs, they have an advanced plan for $30 per month. Both these schemes come with a free 14-day trial, so you can check whether these features are suitable for your needs. Download Kashoo Accounting App for iPhone.
10. Sunrise by Lendio
Sunrise Tax assist comes to help you with all types of tax-related problems and demands. Their small business accounting apps can assist you to file your taxes, track inventory, manage your cash flow, and also estimate taxes so you can prepare and adjust your cash flow accordingly. This app is easy to set up. You only need to take three steps- create your account, connect your bank and start generating invoices. They provide a simple yet impactful profit and loss statement- so you can understand the exact status of your business and make decisions based on that. You can automate creating recurring invoices to minimize your time and effort, customize the templates to fit your brand design, and even transact faster using their Sunrise pay. Their professional bookkeeping service starts at $149 per month. Download Accounting App for iPhone and Android.
Conclusion
Our list includes varieties of accounting apps for your accounting needs. No matter what your requirements are, you can find an accounting software mobile app from the list which is the perfect fit for you. Go through their sites carefully, or opt for their free trial so you can choose your accounting partner.
