Question

Search the Internet to find out about the availability and price of activity-based accounting software. What accounting software did you find most efficient and affordable? Explain your findings and insight.

Answer 1

There are various accounting softwares available online. Choice of accounting factors depends on the various factors like what kind of business do you run small or large, accounting softwares varies with this factors but I am suggesting you some both types of accounting softwares some of them are for small aand some of them for large and some of them for both. A lot of options are available in the market for accounting softwares but here I am only suggesting you those which I find beneficial. They are:

1. Quickbooks Online: It is one of my best pick from the various softwares availabe online. It's easy to use and loaded with features that save you time. QuickBooks Online is an accounting software for small businesses they say but it can handle large businesses too. QuickBooks Online can be used by nearly every type of business, and Intuit offers plans to suit businesses of all sizes, from self-employed individuals and small businesses with basic accounting needs to established businesses that need advanced features such as time, project and inventory tracking. The software is incredibly affordable, considering all that it can do. There are numerous packages available, so small businesses of differing sizes can all benefit from the software. It's rare that a business solution with so many capabilities is so affordable, but QuickBooks delivers. It's an incredible service that small businesses across the country have utilized.​​​​​​​
2. Xero: Xero's subscription plans support as many users as you wish to add, so as your business grows, you can add new employees to your account for no additional cost. All plans include most features – even estimates, inventory tracking and recurrent invoicing. The software features more than 700 app integrations, and it comes with 24/7 email and live chat support.  We believe that Xero's assortment of features, combined with its customer support, makes it one of the better options on the market. When you add in the company's cloud-based solution, you get an ideal accounting software app for growing businesses. ​​​​​​​
3. Zoho: Zoho Books caters to the specific needs of very small businesses. It does not overwhelm you with tons of features and options. Zoho offers three plans: Basic, Standard and Professional. It can support as few as two users, including you and your accountant, and provides access to 50 contacts. Using Zoho Books, you can create invoices, schedule recurring transactions, automatically send payment reminders, and track expenses, projects and timesheets. You can access Zoho Books from just about anywhere and through any device, including Apple, Android, and Windows phones and tablets. Zoho Books caters specifically to really small businesses like freelancers and new entrepreneurs, and it shows. The company has created an affordable product that adequately meets the needs of the smallest businesses. Even home-based businesses can gain a lot by using Zoho Books.