The Best 8 Integrated Accounting Software Solutions for Small Businesses

Just like your business, each accounting software is unique. And it can be overwhelming to know where to start with so many options available. This is why we’ve outlined eight of the most helpful integrated accounting software options for small businesses.

Below we’ll discuss the functionality of each software and a broad overview of how it can be incorporated. As you begin to decipher each software, consider your organization’s needs, strategies, and business goals.

Analyzing Your Accounting Needs

Before you can search for any integrated accounting software, you should have an idea of your financial and managerial needs, so you can have a better understanding of what to look for in an accounting system. Choosing the wrong business accounting software can cause major problems, so it is best to do your research on both your company and the systems.

When you begin your search, here are some important questions to ask yourself and your team:

• What data do we need to keep? Your accounting data should help you make better financial decisions down the road. Keeping unnecessary data will just cause confusion when it comes time for reporting.
• What reports need to be generated? Different software offer different accounting reports. By knowing which reports your company uses and when they use them, you can accurately decide what software will work best for your company.

• Do we need to keep specialized data? Depending on your industry, you may need specific accounting programming to succeed.

• What’s our budget? Each software varies in price and capabilities and it’s important to know your limits before you start researching.

Cloud Accounting System

Cloud accounting systems are a good choice for a company looking to simplify their finances. These differ from traditional accounting softwares because they store and process all information on the cloud.

Having a cloud accounting system will help your business easily transfer information between systems without requiring you to install different software on each computer. This allows for more collaboration and flexibility when working in the software. It also can help retrieve real-time reporting.

Another benefit to a cloud-based accounting software is that information isn’t manually entered into the system. This can cause fewer mistakes and will make your business accounting more efficient.

Top 8 Accounting Solutions

Now that you understand what cloud accounting systems are, here are the top 8 integrated accounting software.

1. QuickBooks Online

Features:

• Create invoices
• Print checks
• Handle payroll
• Manage customer accounts

Good for:

• Small businesses

QuickBooks Online is one of the best-known cloud accounting softwares and is good for small business payroll and accounting. While doing payroll may seem easy, it has several complexities like withholding deductions, delivering payments, and keeping accurate records. Having an efficient accounting system in place ensures employees are paid regularly and, most importantly, correctly.

A feature of QuickBooks is it allows a business to create invoices, print checks, handle payroll, and manage customer accounts. It can also help you apply for loans and see loan costs so there are no surprises.

One of the services Powered by Centri offers is helping you convert your business from QuickBooks Desktop to QuickBooks Online.

 

2. Bill.com

Features:

• Payroll Assistance
• Have accounts payable and receivable in one platform
• Syncs with Quickbook and Sage

Good for:

• Small businesses
• Mid-sized businesses

Bill.com is cloud-based accounting software that automates the financials for small and mid-sized businesses. It gives clients the ability to approve, pay, and sync payments by having the accounts receivable and accounts payable in one platform.

Bill.com software easily syncs with QuickBooks and Sage, helping make your accounting more efficient by giving a full picture of money flowing in and out of a business.

 

3. Divvy

Features:

• Payroll Assistance
• Mobile app for all users
• Request as many virtual and physical credit cards

Good for:

• Small businesses

If Bill.com helps simplify payables, then Divvy will help simplify spending. Divvy is an all-in-one expense management software. It can categorize expenses and give real-time spending insights, which will save time and money.

Businesses can apply for a line of credit through Divvy and request as many virtual and physical credit cards as needed for employees.

One feature Divvy offers is that there is an app that all users can download so companies can access their financial information directly from their phone. They can check cash flows in real time to see if they are on budget.

 

4. Sage

Features:

• Payroll Assistance
• Tailor software to different business size and industry
• Can expand with company growth

Good for:

• Small businesses
• Mid-sized businesses

Sage is a business platform that offers several different cloud-based accounting systems designed for small and medium-sized businesses. They offer everything from accounting services to payroll to human resources.

Sage also has software that is tailored to different industries, like construction, food services, and nonprofits. The software can aid in a company’s growth by automating its accounting processes. Plus, if you’re a smaller business scaling up, it can easily grow with you.

 

5. TriNet

Features:

• Payroll Assistance
• Tailor services for specific industries
• Offer 24/7 support

Good for:

• Small businesses
• Mid-sized businesses
• Nonprofits

TriNet is a professional employer organization that provides full-service human resources solutions to small- and medium-size businesses, tailored to a specific industry including nonprofits.

One of the services TriNet offers are payroll services. They also offer 24/7 support to their clients.

TriNet is accredited by the Employer Services Assurance Corporation (ESAC), the official accreditation and financial assurance organization for the industry.

 

6. ADP

Features:

• Payroll assistance
• Offer resources based on business size
• Have webinars on website

Good for:

• Small  businesses
• Mid-sized businesses
• Large businesses
• Self-employed

ADP is a global provider of cloud-based human capital management systems that include payroll help. They also can handle recruiting and hiring new staff. They work with companies of any size, so it can grow with your company..

ADP also offers different resources on their website including different calculators (salary, retirement, and investment), and webinars. They also have resource sections based on business size.

 

7. PayChex

Features:

• Payroll assistance
• Offer compliance experts
• Have podcasts, articles, and guides

Good for:

• Small  businesses
• Mid-sized businesses
• Large businesses
• Self-employed

PayChex is an all-in-one platform that offers payroll assistance to companies. It works with organizations  of all sizes, including people who are self-employed.

One of the benefits that PayChex offers is their compliance experts. They monitor and interpret changes to laws and regulations at the local, state, and federal levels. On their website they have articles, podcasts, and different guides to help explain these changes.

 

8. Insperity

Features:

• Payroll Assistance
• Have programs to train companies
• Create personalized plans

Good for:

• Small businesses
• Mid-sized businesses
• Large businesses

Insperity is a professional employer organization (PEO) and offers services from payroll to benefits management. They also have programs for companies that don’t need the full range of services and are willing to take on more of the employer-related risks.

With Insperity, a company can find personalized plans to fit any company size.

Outsourced Accounting Services Through Powered by Centri

It’s one thing to find accounting software that simplifies and automates accounting processes for you and another to find accounting software that works for your company. At Powered by Centri, we’ll get to know you and your organization to match you with the appropriate software or service.

You have a dedicated point of contact who will aid your team in the set up, training, and technical support after everything is done. So you’re never left trying to navigate and set up new software all on your own.

Find the best accounting software for your business with the support and guidance of Powered by Centri. Contact us for a free consultation.