Overview of Small Business Online Accounting Software | 2016

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All small businesses must decide how to manage the money coming in and going out. It's important to understand that each small business is unique, and we recommend that you consult with a trusted advisor when it comes to setting up and managing the accounting methods and platforms you should use. On an accompanying post, we've outlined the reasons you need two of those trusted advisors: a bookkeeper and an accountant. In this post, we provide an overview comparison of ten current (2016) popular online accounting software that you, a bookkeeper and accountant may use to turn your financial operations into a finely tuned machine. But there are more solutions your advisor might suggest.

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(VIA | PCMag.com, where you will find reviews and links to each software platform below.)

Name	FreshBooks	Zoho Books	Xero	Intuit QuickBooks Online Plus	AccountEdge Pro
Best For	Sole Proprietor	Small Business with employees	Small Business with employees	Small Business with employees	Small Business with employees
Double Entry		√	√	√	√
All A/R A/P Transaction Forms		√	√		√
Mobile Access		√	√	√	√
Time Tracking	√	√		√	√
Payroll	√		√	√	√
Customer/Vendor Portals	√	√	√	√	√
Inventory Tracking	√	√	√	√	√
Training Available	√		√	√	√
Live Support	√	√			√
Document Management			√	√
Estimates Quarterly Taxes
Integrates with CRM	√	√	√	√
Currency	√	√	√		√
Import Capabilities	√	√	√	√	√
Exports to Excel	√	√	√	√	√

Name	GoDaddy Bookkeeping	FreeAgent	One Up	Kashoo	Wave
Best For	Small Business with employees	Sole Proprietor	Sole Proprietor	Small Business with employees	Small Business with employees
Double Entry		√	√	√	√
All A/R A/P Transaction Forms√			√
Mobile Access	√	√	√	√	√
Time Tracking	√	√	√
Payroll				√	√
Customer/Vendor Portals					√
Inventory Tracking		√	√
Training Available√		√		√	√
Live Support	√		√	√	√
Document Management		√
Estimates Quarterly Taxes	√
Integrates with CRM		√	√
Currency	√	√	√	√
Import Capabilities	√	√	√	√
Exports to Excel	√	√		√	√