Bookkeeping Software
Cloud accounting platforms for tracking income, expenses, invoicing, and financial reporting. The financial foundation of every small business.
About Bookkeeping
What bookkeeping software does
Bookkeeping software replaces the spreadsheet-and-shoebox approach with a system that automatically imports bank transactions, categorizes expenses, generates financial reports, and keeps your books audit-ready.
The core features to evaluate:
- Bank feed — automatic import and categorization of transactions
- Invoicing — create, send, and track invoices; collect payments online
- Bill management — track what you owe vendors; schedule payments
- Reconciliation — match transactions to your bank statement
- Reporting — P&L, balance sheet, cash flow, A/R aging
Who needs dedicated accounting software
If you’re generating more than $5,000/month in revenue, a dedicated accounting platform pays for itself in time saved and errors avoided. Below that, a spreadsheet may be sufficient.
The trigger points for upgrading:
- You’re losing track of which invoices are paid
- Tax time involves hours of retroactive categorization
- You can’t answer “are we profitable this month?” without digging
- You’ve hired your first bookkeeper or CPA
Pricing landscape
| Tier | Price range | Best for |
|---|---|---|
| Free | $0 | Solo operators, very early stage |
| Entry | $15–35/month | Freelancers, 1–3 person companies |
| Mid | $50–100/month | 5–20 person companies |
| Advanced | $100–300/month | Larger teams, complex financials |
Most platforms offer a 30-day free trial. Annual billing typically saves 20–30%.