Revised March 23, 2020
Revised June 26, 2018
Revised June 21, 2017
The first accounting applications for small business back in the early 90s were mostly repackaged, repriced versions of highly complex suites first designed for large companies. They were generally highly complex, loaded with unneeded features, and difficult to use, even for accountants. New vendors emerged to challenge those market incumbents with simpler, easier-to-use products better designed for small business needs, though they still required management overhead.
Today’s SaaS-based accounting and finance tools are affordable, easy to use, and impressively sophisticated. They enable even the smallest businesses to cost-effectively maintain accurate books while staying tax- and standards-compliant.
The half-dozen tools here enable small to midsized businesses to efficiently manage invoicing, purchase orders, expenses, payroll, reporting, taxes, and more.