Accountancy software for online retailers
As an online retailer, and just like any other retailing business, you will need an effective way to keep track of your accounting. This includes handling all daily transactions, as well as things like costing and any wages you need to pay. Great accountancy software can do all of these tasks for you and more.
Better yet, there are quite a few solutions out there, meaning you can find one that is perfectly suited to the needs of your business. So, to help you decide which accountancy software is best for you, here is an overview of 4 of the most popular.
Xero is now a popular choice for small to medium-sized businesses looking for all-inclusive online accounting software. From recording your bank balances to generating necessary invoices, Xero can help you streamline many of your day-to-day operations.
This completely cloud-based solution is also useful if you need multi-currency pricing. Their plans start from £10 a month, and you get a 30 day free trial to have a play with the software.
Kashflow is one of the UK’s leading cloud-based accounting software solutions available and has been around since 2005. Their online system is user-friendly and geared well towards small business owners looking for an easy-to-deploy system.
They also have a great support network and 24/7 customer service to help with any issues you face. They have pricing starting at £7 a month and offer a 14 day free trial.
Quickbooks Online is a cloud-based accounting software that is loved and trusted as it is based off the robust Quickbooks offline accounting software. The Quickbooks software has been around for a long time, so it has been tried and tested by many businesses over the years.
They also include some really useful features such as full mobile integration and a very straightforward and user-friendly navigation system. Their pricing starts at a very low £2 a month and they too offer a 30 day free trial to all new users.
Sage is another accounting software provider that has been around for a long time, meaning they’ve had more than 30 years to perfect their solution. Their industry standard software is extremely flexible and cost-effective for businesses of all sizes.
Again, they offer all of the standard features you would expect, plus more, such as the ability to integrate easily with Woocommerce or Shopify. They also allow you to generate reports which can help you make better future decisions about your financial planning. Their plans start from around £3 a month and they also offer a free trial.
As you can quickly see, the four different accounting software options listed above do more than you might have expected. They also have plenty of pricing plans which means you are never paying above the odds for the one you choose.
Similarly, as you scale and your accounting needs grow, you can update your plan to include any of the optional extras you may require or to include other team members besides yourself. The best thing to do is make note of the exact needs of your business and then trial a few of the software options available. You will soon find one that is perfectly suited to your online retail store.