The 5 best accounting software & tools for startups in 2026

And we have to remind these clients that the best accountants use QuickBooks – and you want to work with the best accountants if you are raising millions of dollars. You don’t want to work with someone who’s willing to take a shot on a strange software that isn’t industry standard – that means that they may be using some software that they do not really know. There’s a lot of inherent knowledge in the accounting industry especially at Kruze around QuickBooks, so be careful. Before you go ahead and opt for a credit card for your small business, make sure you know if it’s worth getting one.

Accounting and bookkeeping basics: What you need to know for your startup

• It isn’t the easiest to use for small startups, but if you’re a big startup that wants to put the right professional foot forward, this could be a great option for you.
• QuickBooks has been around a long time, and the software has only gotten better over the years.
• With advanced features like inventory management and in-depth analytics, Zoho Books caters to diverse business needs.
• Xero is a cloud-based accounting platform designed for small to medium enterprises.
• Efficiently track client payments, invoice history, and late balances.
• Whether you prefer onsite or virtual bookkeeping, confirm your bookkeeper has a strong understanding of financial principles, accounting software, and relevant tax regulations.

Finally, and very imporantly, the best early-stage founders love data. And financial data is one of the top sources of information on how your company is doing. Your burn rate, revenue, cash flows, etc. – you’ll want to track all of these carefully.

• Once the data has been received, Xero’s AI will look to automatically create or match transactions making the reconciliation process easy.
• Before diving into class tracking, ensure that you’ve set up your company profile and preferences accurately.
• Good accounting for startups ensures accurate tax filings, helps maximize deductions, and keeps your business compliant with local and federal laws.
• The platform has found particular success in sectors like construction, real estate, and professional services where reporting depth and compliance capabilities matter more than simplicity.
• Plus, the addition of a 24/7 chatbot could be particularly important for newer businesses, who might need support outside normal business hours.
• They’re famous for only letting the phone ring one time before someone picks it up.

The 5 best accounting software and tools for startups in 2026

Whether you’re just starting out or looking to upgrade your current systems, we specialise in cloud accounting and supportive apps to streamline your admin tasks. Let us handle the setup and bookkeeping, giving you more time to run your business. Our expertise in financial technology and enterprise software development enables us to help businesses implement and integrate accounting solutions that drive operational efficiency and business growth. Contact us to discuss your financial software needs at email protected or visit savvycomsoftware.com. Evaluate how well each accounting platform integrates with your existing tools, including payment processors, CRM systems, e-commerce platforms, and payroll services.

Level Up Your Small Business Accounting Game

Of course, whilst our preferred system is Xero, we support Quickbooks, SAGE, FreeAgent and many other systems. We consider ourselves to be experts in Xero and that expertise allows you to benefit from our knowledge and experience. Ultimately, our goal is to find the best solution for you and your business. There are multiple tools within Xero to help you collect cash faster. Payment links within invoices have been proven to accelerate cash collection.

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• If you’re working with an accountant or looking for one to help you grow, it’s a great idea to talk to them and find out what software they recommend.
• An in-house bookkeeper works directly with you and your team, providing immediate assistance and a personal touch.
• QuickBooks Online offers cloud storage benefits that are invaluable for startups.
• After you set up your accounting software, it’s important to reconcile your bank account vs what’s in your accounting system.
• You also get a free 30-day trial to try the software, which means no financial risk for you.
• Now there’s a few other software companies like FreshBooks which is really great for independent contractors or super small businesses.

Startups can initially rely on free accounting software like Wave to handle their basic accounting needs effectively. However, as the business expands, they may need to upgrade to a paid plan to unlock advanced features, such as payroll processing and inventory management. This accounting software for startups doesn’t stop at bookkeeping; it provides actionable insights through detailed financial reports and analytics. What sets OneUp apart is that it offers a full set of features at an affordable price, making it an ideal and cost-effective accounting software for startups. This desktop-based software streamlines core accounting solutions, including invoicing, expense tracking, and payroll processing. FreshBooks is an easy-to-use startup accounting accounting services for startups software with advanced features.

Save hours on manual bookkeeping tasks

The Zeni Business Credit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Managing equity can be a confusing, overwhelming task for founders unfamiliar with the various processes, paperwork and filings involved. It’s equally daunting as it is important, so using a knowledgable, trusted service provider is key.

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With its advanced features and flexible scalability, Sage Intacct is an ideal choice for startups that are planning to scale rapidly. QuickBooks Simple Start is the easiest and quickest way for single users (freelancers, gig workers, solo entrepreneurs) to manage all of their income and expenses in one simple tool. With QuickBooks Simple Start, you can invoice customers, connect bank and credit card accounts, track sales tax, and run basic financial statements. You can also connect with your accountant, making it easier at tax time. The tool even comes with a free plan, making it an excellent option for a cost-effective accounting for startups solution. With its user-friendly interface and essential features, Wave helps startups manage their finances without breaking the bank.

Want expert help choosing and setting up the right accounting tools for your startup?

It’s the go-to solution for its ease of use, flexibility, and scalability, and the APIs allow easy integration of data from banks and https://ecommercefastlane.com/accounting-services-for-startups/ other financial systems. QuickBooks Online doesn’t just keep your books tidy; it also gives you a clear view of your financial health, which is crucial for making informed decisions as you navigate your startup journey. Yes, cloud-based accounting software options are ideal for startups because they offer flexibility, remote access, and automatic updates. Plus, they require less expensive on-premise hardware, making them cost-effective for small companies.