Some of the solutions we have reviewed offer both, for added flexibility. We've looked at both online cloud-based accounting software and ones that provide software as a service deployment. With all that in mind, here’s our top picks for the best accounting software for small business, based on various criteria and requirements. A good solution can automate much of the drudgery of financial management. In accounting, as in so much else, technology is your friend. Time spent filling in spreadsheets or manually calculating quarterly tax is time taken away from making a better business. In both cases, the less time you have to spend on basic accounting and bookkeeping functions, like chasing invoices or bank reconciliation, the better. That’s as true for freelancers and sole-proprietor businesses as it is for SMBs with 50 employees.
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