You never run out of things to do when you’re a solopreneur or a freelancer. On top of doing the actual work, you also have to spend time on marketing, taking care of your customers, and your accounting.
Accounting is a crucial part of freelancing or online selling because it’s all about managing your cash flow, keeping your financial records in order, paying your taxes, and making sure you get paid. If your accounting is done properly, your business has a better chance of succeeding.
And since accounting is just one of the many things you have to do every day, using accounting software to make accounting easier and more efficient can be a huge help. It can save so much time and effort in making sure your calculations are correct and in preparing tax forms and other documents for the BIR.
What are the key features of each software brand?
With so many accounting software brands out there, it can be a real challenge to figure out the right one for your needs.
Take a look at the key features and specifications of the top five accounting software brands below to see which features you need the most and to see which software gives you the best value for your money. (Peso equivalents vary according to exchange rate.)
Software | Features/Inclusions | Specifications | Price |
Juan Accounting Software |
Note: Please note that the availability of features may vary depending on your pricing tier. |
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Flexible plans range starting from PHP 0.00 (free account).
Take a look at their pricing plans HERE. |
ZOHO Books |
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$9 to $29 (₱455 to ₱1,466) per month with 14-day free trial
Take a look at their pricing plans HERE. |
Kashoo |
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$19.95 (₱1,008) a month or $199 (₱10,056) per year with 14-day free trial
Take a look at their pricing plans HERE. |
QuickBooks |
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$15 to $31 (₱758 to ₱1,567) per month with free 30-day trial
Take a look at their pricing plans HERE. |
SAP Business One |
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Price depends on the numbers of users
Check out where to look for SAP Partners HERE. |
Xero |
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$30 (₱1,516) per month (RECOMMENDED) with 30-day free trial
Take a look at their pricing plans HERE. |
If you can’t afford any of these brands for now, you can always use the free Excel templates you can find online, like those from SmartSheet.
Do you need help with using accounting software or spreadsheets? Ask an accountant from one of our Partner Firms, today.