You can choose from dozens of excellent accounting programs for everything from simple basic ledger bookkeeping to invoicing, inventory tracking, point of sale, payroll, taxes, and reporting and forecasting, and this roundup highlights five of the best. The main thing to remember about small business accounting software is that it's not magic. It doesn't turn you into an accountant any more than owning a hardware store turns you into a carpenter, electrician, or plumber. You still need to know the fundamental principles of accounting and bookkeeping. Small business accounting software has evolved into an amalgam of old-fashioned accounting plus enterprise resource planning (ERP) and customer relations management (CRM).
ERP, in a nutshell, helps you understand the entire flow of your business: what works and what needs fixing or improvement. CRM helps you identify your most valuable customers, and it provides insight into retaining old customers and attracting new customers. Many small business people keep a good sense of this in their heads, but that's not scalable or replicable, and viewing the actual data often reveals surprises.
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Some of these offerings include cloud options and international support—an important feature as even tiny mom-and-pop shops can achieve global reach, thanks to the Internet. Without further ado, here are our five picks for best open source small business accounting software. You may already be familiar with the excellent and popular.
It's a personal and small business financial application that uses proper double-entry accounting. That's important because double-entry ensures that you can detect errors and track down their sources. GnuCash is extremely flexible; the more you learn about it the more you can tailor it to suit your needs. It supports accounts receivable and payable, invoicing, investment accounts, bank, credit and loan accounts, tax statements, reporting, graphs, multiple currencies, depreciation, tax tables and a lot more. It does not have a point-of-sale or payroll module, but you can manage payroll for a small number of employees by manually entering tax and other payroll variables. GnuCash supports multiple languages. It is free of cost, and to get the most out of it buy the.
It's an excellent how-to, and the publisher gives a percentage of sales to the GnuCash project. Supports Linux, Mac, Windows; community tech support. Is a Web-based ERP system for shops that need work and purchase orders, packing lists, point-of-sale, inventory control, check printing, multi-user and multi-location, vouchers, or time cards—in addition to the usual general ledger accounting. It requires both a Web server and an.
Although it supports other platforms, SQL Ledger works best on Linux—which is a more secure system for sensitive financial data. SQL Ledger comes in two versions: free of cost and enterprise. An enterprise subscription buys additional features like barcode and label printing, invoice consolidation, a payroll module, an integrated editable Help system, and premium email and phone support. Support alone starts at $130 for a reference manual. Per-incident support costs $140, a year of priority support and other goodies costs $600, and there are several other support options including customizations and import scripts.
Supports Linux, Mac, and Windows. The core of the excellent XTuple ERP suite, incorporates twelve modules: • Accounts Payable • Accounts Receivable • CRM • Distribution • General Ledger • Inventory • Manufacture • Products • Purchase • Sales • Schedule • System li> Choose from four editions: PostBooks, Distribution, Manufacturing, and Enterprise. PostBooks is free, and it includes high-end features like multi-user and multi-location, trouble tickets, a task manager, quotes, shipping/receiving, bill of materials, and assemble-to-order configurator. Annual licenses for the other editions range from $450 per year to $4,500 per year.