Ever wonder if using accounting apps could make running your business’ finances easier? People are quick to sing the praises of a new piece of software, especially when it fills some niche requirement for their business. The only problem with accounting apps is that there’s so many of them!
That’s why the team at Amplify has written this blog—to break down the top 4 accounting software apps for small businesses in Canada.
1. QuickBooks Online
In the world of accounting software, QuickBooks is probably the best known solution. QuickBooks provides an easy tool for managing invoices, bookkeeping, billing, paying employees and more. There’s no doubt that the switch to online has been a game changer for them!
The new version of QuickBooks Online aligns with the earlier desktop edition, making it easy to convert from one to the other. In addition, the ability to use the QuickBooks app on your mobile device makes it simple to manage your finances on the road or at home. QuickBooks also integrates seamlessly with many other apps, a few of which we’ll mention below.
Overall, the team at Intuit has done a great job at developing QuickBooks and that’s why it’s one of our top recommendations. Watch the video teaser to learn about its new mobile functionality!
2. Xero Accounting Software
Xero Accounting Software is very similar to QuickBooks in many ways. In both apps, your accountant can login directly to your profile and get access remotely. The app provides a tool for managing invoice, payments, billing and so on, also providing online and mobile versions. The team at Amplify is partner with both platforms, which are currently competing industry leaders.
What differentiates Xero from QuickBooks is mainly the user interface. For Xero, we’ve found that the user interface is more friendly toward the average user, whereas QuickBooks tends to be aimed at users with more experience. The app integration is also slightly different, so if you’re looking to use a specific app then it’s best to check before you decide which app to use!
Check out this next video to learn how Xero can help your small business.
3. Receipt Bank
Receipt Bank is a way to take the data entry component out of bookkeeping. Receipt Bank’s accounting software finds the relevant data in invoices, bills and receipts and converts the information into a downloadable format. This app also integrates with both Xero and QuickBooks, making it easy to move it from one app to the other. Receipt Bank gets a leg up in this category due to how it handles HST.
Our bookkeeping guru’s can explain in more detail, but lets just say it’s smooth! This video shows you why…
Perfect for helping accountants and bookkeepers with paperwork, the Hubdoc app lets you extract key information from receipts, invoices, and bills with the snap of a photo! When you upload a photo to the app, it automatically translates the data into electronic form—allowing you to easily send it to the right person. Hubdoc also syncs directly with accounting software like QuickBooks and Xero, making it simple to transfer these number into the right spreadsheet. Check it out below:
If you’d like help implementing any of these software programs in your business, contact the accounting and bookkeeping team at Amplify for help! We’d be happy to help you simplify your business.