Best accounting software for small businesses (2024 guide)
There is a dizzying array of accounting software packages for small businesses in 2024: a quick Google search brings up nine in ‘The best accounting software’ panel plus five more in the dropdown toggle. That instantly creates a problem for small businesses trying to make the best choice in terms of functionality and value for money.
In the ever-evolving landscape of accountancy, staying ahead of the curve is not just an option; it's a necessity. At Sampson Fielding, we understand the importance of harnessing technology to streamline processes, enhance accuracy, and deliver high quality services to our clients. In this blog post, we'll delve into the impact of our software integrations, QuickBooks Online and Dext.
We consider accounting software packages from both an accountant’s and a business owner’s perspective. As accountants our software choice is driven by a need to streamline our processes as we help small businesses with their financial obligations and reporting; for small businesses day to day usability is paramount.
Why QuickBooks Online is a top accounting software
Based on our day to day experience of working alongside small businesses and business owners, QuickBooks online is one of the front runners. Here are our reasons why it’s worth considering QuickBooks Online as an accounting software for your small business.
Streamlines your financial management
QuickBooks Online (QBO) has long been a staple for accountants, providing a user-friendly interface that simplifies financial management. Our seamless integration with QBO enables us to automate tasks, allowing our team to focus on strategic financial planning and advisory services. From invoicing to expense tracking, QBO streamlines the entire accounting process, ensuring accuracy and efficiency at every step.
Allows accountant and client collaboration in real time
One of the standout features of QBO is its cloud-based nature, facilitating real-time collaboration between our team and our clients. This not only improves communication but also ensures that financial information is up-to-date, leading to more informed decision-making. Whether it's accessing financial reports or collaborating on budgeting, the integration with QBO empowers us to work hand-in-hand with our clients.
What Dext provides as an excellent accounting software
Scan & enter data quickly & efficiently
Enter Dext, the intelligent data extraction platform that takes our efficiency to the next level. Dext seamlessly integrates with QBO, acting as the missing piece of the puzzle in our quest for accuracy. With its advanced OCR (Optical Character Recognition) technology, Dext automates data entry by extracting information from invoices, receipts, and other financial documents. This not only eliminates the risk of human error but also significantly reduces the time spent on manual data input.
Smart insights into financial behaviour
Dext goes beyond basic data extraction by providing smart analytics that offer valuable insights into spending patterns, vendor relationships, and more. By leveraging Dext's capabilities, our team can focus on analysing data rather than data entry, allowing us to offer more strategic financial advice to our clients.
Anything else I need to know about the best accounting software for small businesses?
In the fast-paced world of accountancy, embracing technology is not just an option—it's a strategic imperative. The integration of QuickBooks Online and Dext at Sampson Fielding represents our commitment to delivering services that are not only efficient and accurate but also in tune with the evolving needs of our clients.
Further reading on the best accounting software for small businesses
From PCMag: The Best Accounting Software for Small Businesses
From Startups: The best accounting software for small businesses
From Money Donut: The best small business accounting software in the UK
