Best Accounting Software for SMEs - Best Accounting Programs for Small and Medium Businesses:

Small and medium-sized companies handle large amounts of accounting information on a daily basis, which is a large investment of time that could be used for other tasks. For this reason, many SMEs are already using tools to manage their accounting, especially hosted on the network.

Criteria for selecting the best accounting software:

There is a wide variety of software tools on the market to choose from to carry out your company's accounting, finance, bookkeeping solutions, taxation, financial reporting et al. However not all of them will be equally productive or profitable for your business.

To choose which resource is the best for you, you must take into account one of the following criteria:

1. Assess the needs of your business: Before opting for one tool or another, you need to be clear about what your business needs. Write a list with those accounting tasks that your company performs and the essential functions that your software should contain.
2. Compare functionalities: Once you are clear about what you need, compare what the main accounting software tools offer you. You can make a table to view all the information and assess it.
3. Better make it affordable: Another factor that you should take into account is the price. You can find software resources on the market of all prices, also free, that could meet your expectations.
4. Check its simplicity and functionality: It is essential that before choosing you check its operation. Most companies offer you trial products so you can get to know them better and make up your mind. Try several to verify that the tool is easy to use, intuitive and that it has everything you need.
5. Analyze the extra services: More and more companies offer extra packages and services that may be of interest to you, such as advice, training, technical support or complementary software. You will have to assess whether you need these services and analyze their cost.
6. Pay only for what you use: Why are you going to pay for a program that you don't use? Many of the current platforms offer you the option of paying only for those resources you use, without having to contract the entire package.
7. Pick a tool that can grow with you: The software you choose must be adapted to your needs, however, your needs may change as you grow, so the software tool you select should also be able to do so.

So which is the best accounting software?

I would recommend my 3 top picks:

1. FreshBooks
2. QuickBooks
3. Wave Accounting