If you’re an entrepreneur running a business, you understand how important it is to stay on top of finances. Cash flow, taxes, and managing finances are some of the biggest challenges businesses face. Knowing who owes you and if you owe a supplier or creditor is crucial to success.
Starting a business solo can be challenging, and 73% of small business owners in the U.S. are sole proprietors. Whether you’re a sole proprietor or running a small to medium-sized business (SMB), accounting software can help you manage your finances easily and accurately.
While Excel and Google Sheets can be a great place to start with accounting, they lack advanced features. And inputting financial information can be a time-consuming, manual process. Some SMB owners are turning outsourcing or hiring virtual assistants to help with accounting, but there are other options that allow you to keep things in-house.
Luckily, there are some great accounting software options available to manage business finances. And – better yet – they’re free.