In my last post I wrote of the importance of developing a monthly business budget. In keeping with the same theme, this post is also about financials. Today we discover small business accounting software that can help minority and women business owners thrive.

Based on our research, here are the qualities that make for a good accounting platform:

  • Cloud-based
  • Easy to use
  • Affordable
  • Offers automated entries
  • Includes invoicing
  • Will sync with bank accounts
  • Includes bill payment functionality
  • Will manage expense reports
  • Can generate financial reports
  • Assists with reconciliation
  • Mobile-friendly

The following four platforms are easy to access and provide solid accounting functions for minority and women-owned businesses:

Intuit QuickBooks

QuickBooks offers a range of features for all types of small businesses. Whether you’re just starting out or expanding, QuickBooks has basic and advanced features to meet your accounting needs. Click here for pricing and a feature list.

Xero

Xero is a full-featured solution that doesn’t compromise on features or ease of use. It can save you time and simplify accounting by automating tasks. It also integrates with more than 600 apps. Xero comes with 24/7 email and live chat support and outbound phone assistance at no extra cost. We’ve been using Xero for the last six years. Click here for pricing and a feature list.

Zoho Books

Looking for a simple solution that is great for really small businesses? Zoho Books is for you. Zoho Books offers all of the basic features micro-businesses need as well as advanced tools and integrations, so you can continue using the software as your business grows. I used the Zoho suite of products in my previous business and loved it. Click here for pricing and a feature list.

FreshBooks

Although all accounting software products have invoicing tools, the FreshBooks tools are incredibly easy to use. Freshbooks connects to your bank, tracks time and helps you manage projects. With the click of a button you can add billable time and expenses and automate payment reminders along with many other features. I was introduced to Freshbooks via a client. My interaction with it was limited, but I liked what I experienced. Click here for pricing and a feature list.

There are multiple other accounting platforms that you may be aware of. My hope is that this post encourages you to onboard a platform and take control of your finances.

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