Which Software is Best for Your Online Business?

As all savvy business owners know, time is money. While it is possible to learn the ins and outs of Excel and use it to record your finances, there are many valid reasons why using accounting software is a better option. Accounting software is less prone to errors and you can also find an audit log when you use it. In an Excel sheet, you can't keep track of if someone makes changes to your data, increasing the possibility of fraud.

Additionally, accounting software is easier to manage, as you don't have to go through the hassle of having multiple spreadsheets. This makes using accounting software more efficient, organized, and saves you a lot of time.Now that you have more time to focus on other business issues that need attention, here are some accounting programs you can check out. The

IWMS software

intervenes to solve this exact problem. Whether you need IWMS software to manage maintenance requests or you need it for space management, this software takes care of everything.

Some of the most impactful benefits your company will gain from an IWMS software are the reduction in staff your company needs. This way, you can reduce labor costs and invest the money elsewhere.Customer Relationship Management (CRM) software is one of the essential elements of an online business. Many business owners may perceive this only as a way to keep track of contacts, but CRM is much more than that. It helps you build relationships with customers and prospects, track sales activities, and measure performance.When it comes to general ledger software for small businesses,

Intuit QuickBooks Online

is the best from those reviewed.

Not only do most small business accounting professionals use QuickBooks Online, but there are also endless online training resources and forums for assistance when needed. All accounting functions can be conveniently accessed on a main panel, making accounting smoother and more efficient. Intuit QuickBooks Online has been one of the most common accounting programs used by small businesses and their accounting and tax professionals.The software is cloud-based and can be accessed through a web browser or through the mobile application. The monthly subscription to this software can be upgraded as the company grows, and there are many customization options with the mobile application that can be used to receive payments, review reports, capture an image of a receipt and track business mileage.

For businesses looking for a payroll solution, QuickBooks Payroll fully integrates with QuickBooks Online. All plans allow integration with third-party applications such as Stripe or PayPal.The QuickBooks Online app store breaks down all of its applications by function and provides useful examples of the benefits of each application. When orders start rolling in, Volusion allows you to process orders over the phone and mobile so you can make more sales.When it comes to office software suites,

Microsoft 365

continues to offer the best option. Microsoft 365 offers a cloud version that you can use both at home and in the office.

The first thing that happens when using Microsoft 365 is its familiarity: if you've used Microsoft Office before, you can easily find your way around this platform. Even if you haven't used Microsoft Office before but have used its rivals, the same applies because Microsoft Office is the market leader that others are trying to copy.The second advantage of Microsoft 365 is that it works in the cloud. This means that you can use it while traveling with your smartphone or tablet, but also that all your documents are saved online in the cloud with OneDrive. This means that you don't have to worry about losing important files due to a hard drive failure, and also that you can switch between devices without losing your work.Microsoft 365 Personal offers Word (opens in a new tab), Excel (opens in a new tab), Powerpoint (opens in a new tab), Publisher and Access, with online emails provided by Outlook (opens in a tab) new), and OneDrive (opens in a new tab) for cloud document storage.

There's also Microsoft 365 Home which offers up to six licenses which could be ideal and cost-effective to distribute to employees if you have five or fewer people on your team.Microsoft 365 Business Premium is aimed at larger companies and includes Sharepoint, Microsoft Exchange and Microsoft Teams (opens in a new tab). Taken together, Microsoft 365 offers what you need in terms of office software and management platform, and remains superior in terms of functionality to those of its rivals. In addition, expect to find many vendors and contractors who also use it, making it easy to share, exchange or send files between the two of you without any problems.When it comes to accounting software for small businesses

Sage Accounting

makes a good first impression with clear pricing and no tricks. The best Sage Accounting plan offers a decent price, and there's also a 30-day free trial.If you have a team and several projects to manage then

Asana

helps you determine who should do what at any given time maximizing the chances of everything working within the deadline (although you also need a certain amount of talent and hard work from your staff).

Asana integrates very well with more than a hundred other products and services making it easy for teams to collaborate on projects.