Small business owners have a lot on their plate. From managing employees to overseeing day-to-day operations, it can be easy to overlook the importance of proper accounting. Fortunately, there are a variety of accounting software options available for Mac users. Below, we’ll dive into the best small business accounting software for Mac and what makes each option stand out.
Overview
QuickBooks is one of the most popular accounting software options for small businesses. It offers a range of features, including invoicing, expense tracking, and tax preparation. QuickBooks also allows for easy integration with other business tools and software.
Pricing
QuickBooks offers several pricing plans, starting at $20 per month for the Self-Employed plan and going up to $150 per month for the Advanced plan.
Key Features
- Invoicing
- Expense tracking
- Tax preparation
- Inventory tracking
- Time tracking
Overview
Xero is another popular accounting software option for small businesses. It offers a simple, user-friendly interface and a variety of features to help manage finances.
Pricing
Xero offers three pricing plans, starting at $11 per month for the Starter plan and going up to $62 per month for the Premium plan.
Key Features
- Invoicing
- Expense tracking
- Inventory tracking
- Payroll management
- Project management
Overview
FreshBooks is a cloud-based accounting software option that offers a range of features to help small business owners manage their finances.
Pricing
FreshBooks offers three pricing plans, starting at $15 per month for the Lite plan and going up to $50 per month for the Premium plan.
Key Features
- Invoicing
- Expense tracking
- Time tracking
- Project management
- Estimates
Overview
Wave is a free accounting software option that offers a variety of features to help small business owners manage their finances.
Pricing
Wave is free to use, but offers paid add-ons for payroll and payment processing.
Key Features
- Invoicing
- Expense tracking
- Receipt scanning
- Estimates
- Bank connections
Overview
Zoho Books is a cloud-based accounting software option that offers a variety of features to help small business owners manage their finances.
Pricing
Zoho Books offers three pricing plans, starting at $9 per month for the Basic plan and going up to $29 per month for the Professional plan.
Key Features
- Invoicing
- Expense tracking
- Inventory tracking
- Bank connections
- Time tracking
Overview
Sage Business Cloud Accounting is a cloud-based accounting software option that offers a variety of features to help small business owners manage their finances.
Pricing
Sage Business Cloud Accounting offers three pricing plans, starting at $10 per month for the Accounting Start plan and going up to $25 per month for the Accounting plan.
Key Features
- Invoicing
- Expense tracking
- Inventory tracking
- Bank connections
- Project management
FAQ
What is the best small business accounting software for Mac?
The best small business accounting software for Mac depends on your specific needs and budget. Some popular options include QuickBooks, Xero, FreshBooks, and Wave.
What features should I look for in small business accounting software?
Some key features to look for in small business accounting software include invoicing, expense tracking, inventory tracking, tax preparation, and payroll management.
Is it better to use cloud-based or desktop accounting software?
It depends on your specific needs and preferences. Cloud-based accounting software offers the convenience of being accessible from anywhere with an internet connection, while desktop accounting software may offer more robust features and data security.
How much does small business accounting software typically cost?
Small business accounting software typically costs between $10 and $150 per month, depending on the specific software and pricing plan.
Can I integrate accounting software with other business tools?
Many accounting software options offer easy integration with other business tools and software, such as project management tools and payment processors.
What is the best free accounting software for small businesses?
Wave is a popular free accounting software option for small businesses.
Can I use small business accounting software for personal finances?
While small business accounting software is designed for business use, it can also be used for personal finances if desired.
How do I choose the right small business accounting software?
To choose the right small business accounting software, consider your specific needs, budget, and preferred features. Look for software that offers the features you need at a price point that works for your budget.
Can I switch accounting software if I’m not happy with my current option?
Yes, most accounting software options allow for easy data migration and switching between software options.
Pros
Small business accounting software can help streamline finances and reduce the risk of errors. It can also offer easy integration with other business tools and software, as well as provide valuable insights into financial trends and performance.
Tips
- Consider your specific needs and budget when choosing accounting software.
- Look for software that offers features like invoicing, expense tracking, and tax preparation.
- Explore different pricing plans and trial periods before committing to a software option.
- Consider using cloud-based accounting software for easy accessibility.
- Take advantage of integrations with other business tools and software.
Summary
Small business accounting software can help streamline finances and reduce the risk of errors. Popular options for Mac users include QuickBooks, Xero, FreshBooks, Wave, Zoho Books, and Sage Business Cloud Accounting. When choosing accounting software, consider your specific needs and budget, and look for software that offers features like invoicing, expense tracking, inventory tracking, and payroll management.