Quickbooks Mac Small Business Accounting Software 2015

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Most business owners lack confidence when it comes to handling their own accounting procedures. The good news is that those same business owners have great confidence in their own accountants.

According to a survey of 393 small business owners, accounting is one of the biggest challenges businesses face. The results were compiled into Wasp Barcode Technologies’ 2015 Small Business Report. Let’s see what we can learn from the results.

Taxes and Responsibility

Taxes are an ongoing problem for small businesses, with 52%—more than half—saying they pay too much in taxes or are unsure of the amount. But business owners don’t blame their accountants. In fact, 62% feel that there’s nothing else their accountant could do to reduce that tax burden. Even with accountants handling their taxes, most businesses are challenged on a daily basis to track their finances and maximize deductions in order to make sure they get every tax break available to them.

Outsourcing has proven itself as a vital part of accounting for small businesses, with 70% of respondents reporting they outsource tax preparation. Half of those responding say they outsource payroll, and another 30% outsource tax planning. This shows that, while it’s easy to seek outside help with calculating and paying taxes, many small businesses still are doing tax planning themselves.

Top Complaints About Accountants

A full 88% of respondents state they are either “very satisfied” or “somewhat satisfied” with their accounting services. But respondents did have a few complaints about their financial services providers.

From the responses, it appears that many small business owners would prefer a proactive approach to accounting over a reactive one. The top complaint from small business owners was that their accountants were more reactive than proactive.

Other significant complaints from small business owners include dissatisfaction about the timelines their accountants use, as well as a lack of advice and guidance. It seems many small business owners would prefer their accountants to serve as more of an advisor than simply calculating their taxes.

Full-Time Accounting Staff

Not surprisingly, the smaller the company, the less likely it has full-time accounting staff. Only 25% of businesses with 11 to 25 employees have a CFO or controller, while 46% of those with 26 to 50 employees have one. Even businesses with between 51 and 100 employees sometimes don’t have financial staff on the payroll; only 64% of companies this size say they have a CFO or controller.

Yet businesses need guidance. Only 40% of those surveyed said they are “extremely” or “very knowledgeable” in the area of accounting and finance. This highlights the importance of third-party financial advisors serving as counselors as well as tax calculators.

Of the top accounting challenges facing a business, these are the most significant: Mac app to play dvds.

• Accounts receivables/collections: 51%
• Cash flow: 44%
• Managing paperwork: 33%
• Closing the books each month: 28%
• Managing payroll: 27%

Asset Tracking

Another common source of trouble are ghost assets, which are fixed assets that are either physically missing or have been rendered unusable. Despite the fact that it’s missing, however, it still counts toward the business’ tax and insurance liability. Of those responding to the survey, a full 74% didn’t understand how ghost assets directly impact their books each year. Furthermore, 49% of all respondents said they don’t even know what ghost assets are.

The best way to avoid lost income from ghost assets is to carefully inventory assets on a regular schedule. For many larger businesses, this is done through automated systems that make inventory easier. But only 17% of the small businesses participating in the survey use an asset management system that allows auditing. By investigating the resources available, businesses could avoid missed assets and make tax time much easier.

This report highlights small business owners’ need for qualified accounting assistance. It is time small business owners stopped trying to do it all and asked for help, particularly with sensitive matters like accounting. If you’re ready to get professional accounting help, check out the article on eight things you should know before hiring an accountant.

QuickBooks might be the most popular business software in the world, but that doesn’t mean it’s the right fit for every business.

If you were creating a “small-business owner” Halloween costume, it would probably include a button-down shirt with rolled-up sleeves, a travel coffee mug, laptop computer covered in stickers, and a copy of QuickBooks Online accounting software.

Back in 1999, QuickBooks was the first business software that Capterra founder Mike Ortner ever purchased for the company, walking into Staples and picking up the boxed software right off the shelf.

With millions and millions of users around the world, an ad campaign featuring Danny DeVito, and its own conference, Intuit QuickBooks might be the most popular small-business software—let alone accounting software—in the world. QuickBooks is also highly rated, with a 4.5 out of 5-star rating from over 14,000 user reviews on Capterra.

But that doesn’t mean it’s the perfect fit for every small business.

QuickBooks’ many versions and integrations make it adaptable to almost any situation, but what if you need a streamlined tool that you can use right out of the box? What if QuickBooks’ most basic plan is still over your budget? Or what if you’re a small-business owner that prefers to work with other small businesses?

Why you should consider QuickBooks alternatives

QuickBooks got to where it is through a combination of name recognition and marketing muscle (popularity), an accessible entry-level price point (affordability), and reliability and ease-of-use for newcomers (user-friendliness).

The banking interface in QuickBooks (Source)

And sure enough, QuickBooks is one of only eight products to appear on our Top 20 accounting software lists for most popular (#1), most affordable (#17), andmost user-friendly (#12).

(Note: These lists were updated in February 2019. We’ve recently implemented a streamlined approach that will result in a single, consolidated Top 20 report, coming in 2020.)

QuickBooks Online’s average ranking on those three lists (#10) is respectable, but there are four accounting tools that have a higher average ranking, and those are the tools we’ll look at in this article:

Some popular accounting tools—such as Xero (5th popular, 8th user-friendly), SlickPie (8th affordable, 2nd user-friendly), and FreshBooks (6th popular, 13th user-friendly)—have very strong merits but didn’t make the cut for this list because they qualified for only two of the three criteria outlined above.

Other solid options—such as Zoho Books, FreeAgent, and Manager—appear on all three of our Top 20 lists but have a lower average ranking than QuickBooks. All of these tools are worth checking out, though.

Christmas card software for mac. But for now, let’s take a look at the four best QuickBooks alternatives for small-business accounting. Products are listed in order of their average ranking on Capterra’s Top 20 lists, starting with the highest-ranked product.

1. Wave Accounting is the free small-business accounting app

Launched in 2009 in Toronto, Wave has become a wildly popular, free accounting app for small businesses. It has more than 3.5 million users around the globe and is a great choice for small-business leaders who want to get started with an easy-to-use accounting app without spending a dime. In July 2019, Wave was acquired by H&R Block for around $400 million.

Users love that Wave Accounting is free, fully functional accounting software with no limits on transactions or users. They also like its slick, intuitive interface.

A few things to consider: Payments and payroll are paid, optional features, and Wave lacks an audit trail feature, which leaves it vulnerable to fraudulent employees. If that’s a deal-breaker, check out these budget-friendly Wave alternatives with audit trail.

Pricing

• Wave’s basic accounting software with multicurrency support, unlimited invoices, collaborators, and receipt scanning is free.
• Payments are 2.9% + 30 cents per credit transaction, or 1% per bank transaction.
• Payroll starts at $20 per month plus $4 per employee.
• Wave also offers dedicated bookkeeping service starting at $49 per month and 30 days of accounting coaching for a one-time fee of $49.

A view of recent transactions in Wave Accounting (Source)

2. Sage Business Cloud Accounting is the most user-friendly accounting software

Sage Business Cloud Accounting (formerly known as Sage One) was built specifically for small businesses and is a great choice for less tech-savvy business owners since it has earned the top spot in our user-friendliness report for the past three years.

Quickbooks Pro Small Business Accounting

With roots dating back to 1981 in England, Sage is one of the few accounting products that can claim seniority to QuickBooks. Sage’s interface hasn’t changed all that drastically over the years, though, so it may seem a little dated. And if you want full invoicing, which is pretty much essential for any business, expect to pay at least $25 per month.

Pricing

• Sage Business Cloud Accounting Start (for one user) starts at $10 per month.
• Sage Business Cloud Accounting adds unlimited users, reports, purchase invoices, and more for $25 per month.

A budget report in Sage Business Cloud Accounting (Source)

3. Kashoo has a funny name and free customer support

If you’re looking for an accounting system you can just pick up and start using right away, Kashoo is worthy of your attention. It might have a funny name, but it’s a really solid accounting tool from a team in Vancouver that prides itself on making simple yet comprehensive tools to grow with your business. Kashoo also has free phone and web support for subscribers, which sets it apart from every other product on this list.

Though Kashoo has a nice integration with Square payments, it lacks the variety of integrations that some of the more established products have built. So if you’re looking for a tool that will seamlessly hook up with other business apps, you’d probably be better off with QuickBooks or Xero.

Pricing

• Kashoo costs $19.95 per month or $199 for a full year (which comes out to $16.58 per month) with all features (expense management, invoicing, reports, payments) included.

The tax management interface in Kashoo (Source)

4. Odoo is the a la carte software with an open source accounting option

Odoo launched in 2005 in Belgium and has been rapidly expanding around the globe ever since, with more than 1,500 developers working on its open source code and 3.7 million users. It rivals Wave in affordability, with its free, open source option, and is highly customizable, thanks to its suite of other business modules to add on.

With everything from website management to marketing automation, think of Odoo as an a la carte approach to your business software. Take what you need, leave what you don’t. By that same token, though, if you’re not ready for some hands-on customization and tinkering to find the right mix, you may want to try something else.

Pricing

• Odoo Community, the open source version, is totally free, but you have to host it and configure it yourself. If you’re not comfortable getting under the hood, you’d be better off with the enterprise version.
• Odoo’s paid options depend on which apps you want (for example, accounting, invoicing, purchase, expenses, and sales would cost $92 per month).

The main accounting dashboard in Odoo (Source)

Quickbooks Accounting Small Business

What do you think is the best QuickBooks alternative?

I mentioned several other QuickBooks alternatives in the introduction to this article in addition to the four outlined above, but there are still lots of other small-business accounting software options out there to talk about.

Quickbooks Small Business Software Free

If you have a favorite that you want to recommend, please mention it in the comments along with a few things that make it so great.

Quickbooks Mac Small Business Accounting Software 2015 Review

Looking for Accounting software? Check out Capterra's list of the best Accounting software solutions.