Every business, whether small, medium, or large scale, in a bid to keep its financial stature alive, must engage in an accounting system. However, doing so can sometimes be a challenging task, especially when depending on the traditional methods of accounting and bookkeeping, which are often characterized by delays, inaccuracy, costs, and more.
The advent of technology has equally brought with it the attendant effect of the ease of doing business in many respects, and one such facet is electronic accounting and bookkeeping.
Today, many software exist that make accounting easier, faster, and more accurate, thereby making business transactions more efficient to handle than in times past. Even mobile users can now carry out these accounting transactions on their mobile devices on the go, saving them time and cost. Summarized below are the top 5 accounting apps for android and iOS
1. Square
One of the best apps for carrying out mobile credit card transactions. It is an amazing app for businesses on the go. All your sales can be accomplished rightly on your phone or tablet. It is free and provides you with a free credit card reader as well, a rareness you cannot find amidst current business apps. Within one or two days this app ensures that transactions are credited to your account with a charge of 2.75% for each card swipe.
Square has POS solutions and is expensive and renowned. Because of this, many small businesses are willing to use it in their stores. Cash or check transactions require no charge and Square provides you with a day-to-day sales report for everything.
2. SurePayroll
This accounting app enables you to enter all of the earnings, hours worked, deductions, and any other payroll data on request. It keeps track of your sick time, vacation, or any other sundry data and also runs quick summary reports. It is free but you need to have a SurePayroll account to obtain full access. Paying your employees will not be stressful as you can pay them with this app on your Android or iOS. No more questions from your employees on how much free time they have left or when will be their next paycheck, as they can as well download the app and have all of their data.
3. QuickBooks Mobile
With this app you can manage your accounting on your Android or iOS anywhere your job takes you at any time.
QuickBooks Mobile can be used to invent and edit sales receipts, estimates, and invoices. Automatically your data becomes available in QuickBooks Online.
Owners of small businesses and anyone who manages a company’s finance and accounts will discover that this app is priceless. “Life-changing”, best describes users’ view on it.
4. InDinero
InDinero is quite a phenomenal iPhone app that works alongside other apps like FreshBooks. By most people it is referred to as simply good while to some it is a financial dashboard and it claims to be the Mint.com for businesses that are of small scale.
Stacking or piling up receipts is needles as InDinero retrieves all your bank and credit card statements from your banks and immediately places your expenses in the appropriate order for you. It also assembles financial reports such as profit and loss statements, and some financial forecasting inclusively.
One outstanding trait about this app is its ability to track your spending habits monthly and provide you with reports which then gives you a sense of responsibility to establish and maintain a budget.
5. FreshBooks
A cloud accounting app is known for streamlining the invoice process. It is an extraordinary online accounting program. Simple and quick at making expense reports with the ability to track time, and electronically create invoices.
FreshBooks has plans that are designed to function accurately for businesses with several customers or collective individuals that transmit lots of invoices every month.
Conclusion
Electronic accounting has undoubtedly made both small and large-scale businesses easy and quick. From managing customers and credit card transactions to sending out invoices as well as handling intricate financial projections, there is an ideal app for every business requirement.
For business owners who prefer to do their small business finances online, the above top 5 accounting apps for android and iOS make it comfortable with little or no stress. Both small and large-scale businesses will find these apps enjoyable for their everyday accounting.
