B2B Connection

Accounting companies of all sizes need a robust system that can manage their finances. With accounting software, you can alleviate the time and effort of accountants or analysts. The excruciating part is locating and purchasing the perfect software for your business and team. We offer a guide and tips on how to make the decision-making process easier. What is Accounting Software? Accounting software is designed to assist accounting professionals and help businesses track and organize all their financial information. With this software, teams can restructure their procedures to better fit their employees like better tracking of company-related expenses. It can also help you gain real insight into spending, resources frequently needed, and profits. The common features you will find in an accounting system center on specific needs for finance management and daily operations. These features can be as simple as tracking time for employees or more in-depth, such as reporting valuable financial information about the business. Other common features include Bookkeeping – using a general ledger (GL) for tracking daily transactions and purchase orders to ensure reliable records Cashflow – flexible payment methods and delivery Inventory management – maintaining the number and cost of items Expense management – ensuring business […]

Do you know what you will never get back? Your time; it’s a precious resource that you need to delegate wisely. If you properly manage your work hours then your free time can receive the value it deserves for a perfect work-life balance. Time tracking tools can offer the control to manage your time and bill clients for the exact hours you give them. Time management is a consultant’s best friend.  What is Time Tracking Software? A time tracking tool can be used for client and project management to ensure your time is well spent. This can mean staying on top of billable hours, creating time reports for invoicing clients, and using project management tools, and other time management features. Time tracking software can be especially helpful for tracking remote work outside of offices. Your time tracking solution can be versatile. It could track billable time or it could track project progress with due dates and alerts. Other time trackers let you manually track hours; others are automated. Freelancer consultants can manage billable and non-billable hours in real-time, and consulting firms can manage employee time for payroll and productivity. One ingenious way to use a time tracker is to consider […]

Many invoicing software are built with larger organizations and financial professionals in mind with features that a small business doesn’t need to use or pay for. Small business owners should consider price, ease of use, integration with other software, and specialized features that would be beneficial to their specific use case. Invoicing is a service that is often included in general accounting software. If you’re looking for general accounting options, consider reading our blog post on the best free accounting software for small businesses. If you’re totally new to the process of invoicing and billing, check out this helpful guide that covers the basics. Overview of Small Business Invoicing Of the numerous options available for small business invoicing, this blog will discuss the top five options both paid and free. If you are looking for a totally free option consider reading our blog post on the best free invoicing options available.  Software Name trScore Price Free Trial Unique Features QuickBooks Online 8.2/10 Variable Based on Number of Users, Starting at $25/Month Yes Email or Chat With Customer Support, Accounting Tools Zoho Invoice 9.8/10 Free N/A Multi-Currency Invoicing, Invoice Templates FreshBooks 8.2/10 Variable Based on Number of Clients, Starting at $15/Month […]

Accounting has a reputation for being boring, but the market is fierce. With the needs of accounting changing as fast as the industries it services, accounting software is bigger than ever. The right tools can enable a department to provide forecasting insight, analytics, and more while staying up to date on tracking and tax compliance.  With the essential nature of this industry, staying current is vital. Because of this, we have compiled a list of the most essential statistics for you to be aware of. We have also covered some of the hottest trends in accounting software and the market as a whole.  Top 15 Accounting Software Statistics The accounting software market was valued at $12.01 billion in 2020. (Mordor Intelligence 2020) The accounting software market is expected to reach $19.59 billion by 2026. (Mordor Intelligence 2020) Only 6% of accountants said they don’t believe automation can help with any business tasks at their firm. (Sage 2020) 40% of accountants say they intend to automate invoicing and accounts payable processes and workflows. (Sage 2020) 45% of accountants say they intend to automate repetitive, time-consuming accounting tasks, such as data entry and number-crunching. (Sage 2020) 58% of accountants said technology has […]

Companies large and small have learned the hard way that Excel won’t cut it for their accounting needs. Case in point, Chase’s $2 billion loss due in large part to errors in manual Excel spreadsheets.  SaaS companies, in particular, have accounting and budgeting needs that generic accounting software struggles to support. For instance, tracking Monthly Recurring Revenue is essential to many subscription-model SaaS companies. It’s also incredibly difficult to calculate manually in a tool like Excel.  Other Features that would be crucial for SaaS companies include:  Prebuilt MRR reporting Subscription billing/invoicing Cash flow forecasting Payment integrations CRM integrations Uncapped transactions volume Cloud-based software Some of these features are fairly easy to get across all enterprise-level tools in today’s software market. Others are harder to come by– which is why we’ve identified only 3 top accounting tools and an additional list of point solutions that can help SaaS firms meet their accounting and budgeting needs.   The Best Accounting Software Specifically for SaaS Companies The following products are highlighted because they offer SaaS-tailored tools and rank highly on the Accounting Software TrustMap—a dynamic grid that measures TRScore and the interest of B2B buyers. They are ordered according to the number of ratings and […]

Fleet management software can revolutionize the way your organization does business, but not everyone has the budget to pay for it. Others may simply want to explore cost-saving alternatives to paid options. The best free fleet management software balances limitations and features in a way that is well-suited to your use case. Here are the best free fleet management tools, where they shine, and who they are right for. What is Fleet Management Software? Business software can often be named in vague or confusing terms; this is not the case for fleet management software.  Broadly speaking, this type of tool is designed to help you manage your entire collection of vehicles, drivers, and any incidents that may occur on the road. More basic options are simple logistical tools to help you stay organized. Advanced systems can track real-time location, fuel usage, efficiency, and much more.  If you are looking for a quick recap of how these tools work, check out the video below. How do you choose the right Fleet Management Software? With the host of options available, it’s possible to feel drowned in choices and to not know what you should be looking for. If you are unsure what […]

A quick google search for online accounting software will return a long list of contenders. QuickBooks will be at the top of this list, for good reason. QuickBooks has been around since 1992 and is the most popular accounting software used today. QuickBooks introduced QuickBooks Online (QBO) to take advantage of cloud convenience as well as decreased hardware and IT costs. However, the complaints about QuickBooks Online will be as numerous as it’s praises. “[Needs] better customer support [and] more training options for newcomers, it’s not an easy to learn software if you’ve never used accounting software before.” Verified User | Marketing Executive | Online Media Company “With QuickBooks Online you cannot export your data to even QuickBooks Desktop versions. However, you can import from Desktop versions to QuickBooks Online. They hold your data hostage, with no way to export it. The rising costs have upset many small business owners, including us. We basically have to start all over with a new program. QuickBooks doesn’t have any justification for these huge increases other than profit. They are not adding any new features in exchange for the large increases.” Don F. | Partner | IT Services Company “The program runs WAY […]

Being a small business owner or self-employed is rewarding in many ways. But filing business tax returns is not one of them.  Many small business owners struggle to accurately prepare and file their state and federal taxes returns. Tax software aims to simplify the process of filing business taxes online. It can automatically calculate tax rates and deductions, guide you through the process, and is done completely online.  5 Tax Software Options for Small Businesses  Not all tax software is designed with the needs of small businesses or freelancers in mind. Making sure you’re not overpaying for tax preparation and filing services is just as important as maximizing your deductions.  Before diving into the best tax software options for small business owners, watch this short video for a primer on how to file business taxes: This article reviews five tax software products ideal for small businesses and freelancers. Not all of the products below offer the same features, level of user-friendliness, or (most importantly) price tag. Prioritize what level of service and support you’ll need when filing your returns to help narrow down your choices. One thing to be aware of when comparing tax prep software, most charge fees for […]

While accounting software is used for a huge array of organizations, not everyone wants to pay for it. Free accounting software can offer some or all of the functionality you need to keep your business operating effectively. The best free accounting software allow for accurate record-keeping and analytical tools. Working within the natural limitations of free software can help you find a cost-free option to work for your use case.   User Cap  trScore Biggest Pro Biggest Con Wave Unlimited 7.2/10 Unlimited Invoices, Users, and Transactions Per-Transaction Payment Acceptance Charge Akaunting Unlimited N/A Open-Source, Mobile-Friendly Less Customer Support Than Vendor Software ZipBooks Free One 8.4/10 Great Payment Acceptance One User Limit Wave – Unlimited, Free Accounting for All For a huge number of use-cases, Wave is going to offer a host of features without many of the limitations of free choices. Its major limitation is that it does charge a per-transaction fee for accepting payments. If you are okay with this, or use a different method of payment collection, the features are extensive.  Wave offers unlimited income and expense tracking. Sales tax is automatically calculated on both expenses and income. These are specifically designed to help you regulate and manage […]

No matter your organization’s size or industry, getting paid is probably one of the most important components. Invoicing software creates transparency and convenience for both you and your client. However, many smaller businesses and freelancers want a no-cost option for generating invoices since it is such a routine process for them. For those that can balance features with limitations for their use case, this is a realistic goal. Below are some of the best free invoice software, and who they are best suited for. The software covered in this list are: Zoho Invoice Reliabills InvoiceNinja Paypal Wave Zoho Invoice – Best Invoicing For Individuals For freelancers and other independent workers, Zoho Invoice will offer a professional, polished product. There are two major limitations of this software. The first: Zoho Invoice is free for only one user. The second limitation is that you can only invoice up to 5 customers.  If you can work within these restrictions, you will gain access to a strong host of features. The 5 customer limitation does not mean you can not rebill those 5. You will be able to create recurring invoices. These can be automated and have built-in reminders. Estimates can be created and […]

QuickBooks Online is extremely powerful accounting software that will save your organization time and money. Their reviewers are so fond of it, 3 different versions of the software are included as Top-Rated award winners in the accounting software category.  Intuit, the vendor for this software, makes several versions of QuickBooks. The comparison covers QuickBooks Online. This is the version the vendor updates most frequently and is the clear focus of their website. We also have a piece comparing the features of QuickBooks Online to desktop versions, QuickBooks Desktop Pro and QuickBooks for Mac. For QuickBooks comparisons between the versions, find that piece here. By understanding the pricing plans and features, you will be able to make an informed decision as to which is right for you. The plans covered in this piece are: Self-Employed Simple Start Essentials Plus Advanced This piece also covers who each plan may be right for. There is also an overview of the payroll add-on, and its pricing levels.  Pricing Tier Price User Limit Notable Additions Best For Self-Employed $15/Mo 1 Schedule C Track Income and Expenses, Mobile Receipt Capture Freelancers Simple Start $25/Mo  1 Estimates, Tax Management, Cash Flow Small, Service-Based Businesses Essentials $40/Mo 3 […]

The Quickbooks family of accounting products from Intuit has maintained a vastly high portion of the small business market share for over a decade. The company offers multiple versions of its product to serve different user populations. Quickbooks for Mac, as the name suggests, is a desktop tool for Mac users, Quickbooks Pro is a desktop accounting tool for small businesses, and Quickbooks Online is a subscription-based cloud accounting tool. However, Quickbooks Online has been Intuit’s clear focus for a number of years, along with mobile. Much of the recent development effort has been on bringing the online version up to feature parity with the desktop products. As of writing, Online now offers nearly all the features of the desktop software and several additional ones.  So what will the future look like? To many in the Quickbooks community, the inevitability that the desktop products will eventually be discontinued in favor of online products is obvious. This is a trend that has been discussed far beyond Intuit products. QuickBook’s own website heavily emphasizes the online version of the product. The desktop version is rarely mentioned. .  TrustRadius has collected dozens of user reviews of all three versions, so you can easily […]

For almost all businesses, an accounting or financial managementsoftware is a must-have rather than a nice-to-have. For smallbusinesses, manually managing your business’s finances usingsimple spreadsheet software can be difficult and time-consuming.And for larger businesses, manual financial management isnearly impossible. But sifting through the multitude of availableaccounting products to find the options that truly fit your businessneeds best can feel just as challenging. We’ve compiled a list of the best Finance Software according to users in Customer Support, Usability, and Feature Set. With these three attributes, you can quit a competitive shortlist of financial products that are leading the pack for your most important factors. Here are the Best of Finance Software for 2021: AccountingMIP Fund Accounting (formerly Abila MIP), Customer Support, 1st Place Sage Intacct, Feature Set, Usability, 1st PlaceMIP Fund Accounting (formerly Abila MIP), Usability, 2nd Place Sage Intacct, Feature Set, 1st PlaceMIP Fund Accounting (formerly Abila MIP), Feature Set, 2nd Place Accounts PayableTipalti, Customer Support, 1st PlaceTipalti, Usability, 1st PlaceTipalti, Feature Set, 1st Place Corporate PerformanceProphix, Customer Support, 1st PlaceVena Solutions, Customer Support, 2nd Place Prophix, Usability, 1st Place Vena Solutions, Feature Set, 1st PlaceProphix, Feature Set, 2nd Place Expense ManagementExpensify, Customer Support, 1st Place Chrome River EXPENSE, […]

The 21st Century has posed new challenges for brick and mortar businesses, particularly commercial businesses like retailers and restaurants. Retailers, such as mom-and-pop shops, face an uphill battle against online shopping. Restaurants are known for balancing on a knife’s edge of profitability, often surviving on razor-thin margins.  These conditions lead many in-person sellers to look for cost-cutting measures wherever possible to keep their businesses alive and profitable. However, there are significant overhead costs that can weigh on these businesses, such as the hardware and software associated with running a brick and mortar business. The most central hardware they rely on is the Point of Sale (PoS) system. Point of Sale software allows businesses to efficiently and safely process sales in their business. However, the price of these systems can vary dramatically based on the features and scale of the systems.  Fortunately, there is a range of free or freemium Point of Sale (PoS) products available to these businesses. For small businesses in particular, free PoS systems can help keep their business running with minimal overhead costs. However, not all free Point of Sale products are created equal, so it’s important for businesses to pick a system that will help instead […]

As a small business owner, it can be frustrating and somewhat self-defeating to make money just to turn around and spend it on a tool to help you manage that same money. Fortunately, there are some free accounting tools that will provide the basic functions you need without costing an arm and a leg.  Free accounting software will lack many of the more advanced features that paid products offer. They may also feature paid capabilities behind paywalls if you want to upgrade to a paid tier. However, for small businesses with straightforward accounting needs, the free products or versions can still meet your needs. If you own or work for a small business, some of the leading free accounting software are:  Wave Zoho Invoice Zipbooks SlickPie GnuCash Some of these products are limited free versions of larger paid products, while others monetize specific add-on features. Others are free, open source software available to anyone. Find out which one is right for you! 5 free accounting software tools for small businesses Wave Wave is an accounting software targeting micro-businesses (1-10 employees). They provide fundamental accounting features, such as income and expense tracking, invoicing, and receipt tracking.  Pros In addition to being […]

For a growing nonprofit, free accounting software’s limited capabilities will likely become a constraint on your financial progress. Maybe your nonprofit needs more dynamic accounting software, offering stronger features and capabilities. Or, maybe you need a stronger management system for things such as grants and donors.  Nonprofits should consider accounting software that has a project-focused accounting structure, is easy to use and has a low price point. You don’t need to be a CPA to master your organization’s financial matters. Unless you’re a national/international nonprofit, you probably also don’t have a large budget to spare. Fortunately, there are accounting software tailored to meet your specific needs. 8 Popular Accounting Software Tools for Nonprofits The products below are listed according to the volume of ratings and reviews from nonprofit users each product has. 1. MIP Fund Accounting MIP Fund Accounting is a configurable accounting software solution that offers easy information tracking, fund accounting, human capital management and payroll decisions that grow and develop alongside your nonprofit.  A majority (61%) of nonprofit MIP Fund Accounting users on TrustRadius are mid-size (51-1,000 employees). This solution is best for mid to large size, grant-based nonprofits with minimal membership requirements.    MIP Fund Accounting does not […]

We are excited to announce the Top Rated Electronic Signature Software for 2019! Top Rated awards showcase today’s top-of-the-line products in Electronic Signature Software based solely on user feedback and satisfaction scores. These awards make the voice of the market the primary decider into the industry’s best products. Top Rated awards are the most trusted in the industry because they are never influenced by analyst opinion, the vendor’s size, popularity, or status as a TrustRadius customer. Here are the winners: PandaDoc PandaDoc is an electronic signature software that promises to streamline and simplify the contract, sales quote, and proposal process. PandaDoc is heavily used by sales teams because of several features that translate well to the sales industry. These capabilities allow users to create approval workflows and track basic sales metrics, such as time-to-close. PandaDoc also integrates with a variety of CRM tools. A majority (68%) of PandaDoc users on TrustRadius are from small businesses. Reviewers appreciate PandaDoc for how much time it saves its users.  “We use PandaDoc to streamline our proposal process. Whenever a proposal needs to be sent out to a potential client, instead of sending a static document or PDF, we author up proposals and send […]

We are excited to announce the Top Rated Expense Management Software for 2019! Top Rated awards showcase today’s top-of-the-line products in Expense Management Software based solely on user feedback and satisfaction scores. These awards make the voice of the market the primary decider into the industry’s best products. Top Rated awards are the most trusted in the industry because they are never influenced by analyst opinion, the vendor’s size, popularity, or status as a TrustRadius customer. Here are the winners: Expensify Expensify is an expense management software that has intelligent automation built in. Receipt entry is efficient with mobile receipt capture via a mobile app. Expensify can then automatically categorize and submit that expense for reimbursement. Expensify has impressive integration with travel partners, corporate credit cards, and accounting software. More than half (57%) of Expensify users on TrustRadius are from mid-sized companies. Reviewers recommend Expensify for its integration capabilities. “At Numerify, we use Expensify to log all expenses, from entertaining clients, to transportation, to travel related meals, and more. We also use a travel booking software, which has seamless integration with Expensify so that all of our airfare and hotel expenses automatically sync with Expensify, which makes it very convenient.” […]

Tax season is underway and it is time to make sure your finances are in order. Taxes can be a stressful, yet necessary, part of any business. With the Tax Cuts and Jobs Act (TCJA) recently going into effect, businesses face adjustments in deductions, depreciations, and tax items. With all the changes, many are wondering how filing business taxes will look different this year. “It will be a year of confusion,” said David Donnelly in a conversation with The Houston Chronicle. Donnelly is a partner at accounting firm Carr, Riggs & Ingram in Houston. There will certainly be a learning curve, but businesses don’t have to be overwhelmed. With a simple checklist, businesses can feel confident that they are paying the right amount of taxes — and on time. Here is a tax preparation list to make filing business taxes easier. Filing Business Taxes: A Preparation List Many people feel overwhelmed by taxes, but if you break it down step-by-step, taxes don’t need to be difficult. These are the major items that need to be on your tax prep to-do list. 1. Identify Your Business Structure Your business structure determines which income tax return form you file with the IRS. […]

TrustRadius Top Rated Today, we awarded the 2019 TrustRadius Top Rated badges for Accounting & Budgeting Software. The TrustRadius Top Rated awards are the most trusted in the industry because they are an unbiased reflection of customer sentiment, based solely on user feedback and satisfaction scores. Top Rated awards are the voice of the market and are not influenced by analyst opinion, the vendor’s company size, popularity, or status as a TrustRadius customer. Accounting & Budgeting Software Software buyers have a wide range of Accounting & Budgeting software options to choose from, finding the right one can be a difficult process. Accounting professionals on TrustRadius use reviews written by software end-users and product comparisons to help them make better informed purchasing decisions. In the past quarter, more than 17,300 professionals used TrustRadius to evaluate Accounting & Budgeting software products—at least 1,188 of them were from enterprise companies with more than 1,000 employees. Visitors evaluating Accounting & Budgeting software were most curious about comparing different products and reading product reviews —64% compared at least two products and 59% read reviews. Here are the winners: Accounting by Wave Accounting by Wave is an accounting system designed for small businesses. It offers many […]