However, just like the other specialized invoicing software on this list, it lacks accounting features, which we consider crucial for most businesses. If you don’t want to use separate systems for your accounting and invoicing tasks, you should consider QuickBooks Online or FreshBooks. Accounting software can help with many things, including creating invoices, tracking inventory and generating reports. To choose the best accounting software, you will need to first assess the needs of your business. Accounting software should support double entry, including a budgeting dashboard and invoicing tools.

Here are the best small business software solutions currently available. Time Tracker is designed for remote and distributed teams, helping them monitor and enhance productivity and time management efficiently. You can try all the plans for free for 14 days with no credit card needed.

Best for Inventory Tracking

Integrates with a host of other third party software including many invoicing products. Has seen very rapid adoption, though some online reviews have complained of a lack of customer service at times and multi-currency features. Wave’s accounting and invoicing tools are completely free and unlimited, making them excellent for startups needing to manage initial invoices.

Effective tax software for the self-employed should specialize in helping you identify tax deductions for freelancers, gig workers, independent contractors and others in similar situations. These types of software programs may also come with tools that feature basic profit and loss reporting and allow you to import best billing software for small business data from your business accounting software, like QuickBooks. QuickBooks Simple Start is the perfect accounting software for small businesses that are just starting. It’s easy to use, affordable and has features that can help you track your income and expenses, manage your inventory, and generate invoices.