The Best Accounting Software for Small Businesses in 2024

by Jon Lober | NOC Technology

Looking for the best online accounting software?

Here's an IT company's take.

You’ve launched a small business— congratulations! That is no small feat. But as a small business owner, odds are you are wearing a lot of (if not all of the) hats. You may be CEO, CMO, and CFO all rolled into one. And that is A-OK.

Here at NOC Technology, we are a small business too— and we love supporting other small businesses who are growing and thriving in their communities. We understand the importance of finding robust and efficient
software solutions that work at your scale and for your budget.

So we’ve put together a round up of some of the most popular accounting software options available to small businesses in 2024. We’ll explore their pros and cons in terms of price, ease of use, flexibility, and integrations with other software to help you make an informed decision.

Pros

  • Price: QuickBooks offers various pricing tiers starting at just $9 per month, which can accommodate different business sizes and needs. However, for more comprehensive reporting, financial projections, and payroll, you can plan to spend more like $51/mo + $8 for each employee on payroll.
  • Ease of Use: Known for its user-friendly interface, QuickBooks makes it easy for non-accountants to manage their finances. QuickBooks is also known and used by the majority of small businesses in the US, making it easier to hand off to a finance director or accountant (when you grow to the point of hiring for those roles).
  • Flexibility: Quickbooks provides extensive features, including invoicing, expense tracking, payroll, and tax filing. Again, some features are limited to top-tier plans, but even the basic plans provide ample options.
  • Integrations: QuickBooks integrates with numerous third-party apps, such as PayPal, Shopify, and Square, which can streamline operations. Bookkeeping is easy to automate, reducing your workload and improving the accuracy of your reporting.

Cons

  • Price: While it starts at $9 per month, advanced features require higher-tier plans. If you plan to use Quickbooks for payroll, make sure you account for the number of employees on payroll to calculate your monthly fee.
  • Learning Curve: Despite its ease of use, some users may find the initial setup and navigation slightly challenging.

Pros

  • Price: Xero's pricing starts at $15 per month, but if you catch it during a sale, we’ve seen pricing as low as $4.50/mo for 6 months.
  • Ease of Use: Xero is praised for its intuitive and clean interface, which simplifies accounting tasks.
  • Flexibility: It offers a comprehensive set of features, including inventory management, project tracking, and multi-currency support.
  • Integrations: Xero integrates with over 800 third-party apps, including Stripe, HubSpot, and Gusto, enhancing its functionality.

Cons

  • Price: While their plans are affordable, you will also need to pay for additional third-party apps to add functionality like payroll.
  • Mobile App: Some users report that Xero's mobile app lacks some functionality compared to its web version.

Pros

  • Price: FreshBooks offers plans starting at $19 per month for a lite version which may be suitable for freelancers and small businesses. They also occasionally run sales. We have seen the lite plan for as low as $7.60/mo.
  • Ease of Use: FreshBooks is designed with simplicity in mind, making it easy for users to manage invoicing, expenses, and time tracking.
  • Flexibility: It offers robust invoicing features, including automated reminders and late fees.
  • Integrations: FreshBooks integrates with various tools like Zapier, G Suite, and Trello, providing a seamless workflow.

Cons

  • Price: As your business grows, you will need to upgrade to more expensive plans to access advanced features. The lite plan only allows invoicing to up to 5 clients, and the plus plan is limited to 50 clients.
  • Limited Features: Compared to QuickBooks and Xero, FreshBooks may lack some advanced accounting features required by your business. You’ll want to carefully read through the plan features before purchasing.

Pros

  • Price: Wave is free to use, making it an excellent choice for startups and small businesses on a tight budget.
  • Ease of Use: Wave's straightforward interface is easy to navigate, even for those without accounting experience.
  • Flexibility: It offers essential features such as invoicing, expense tracking, and receipt scanning at no cost.
  • Integrations: Wave integrates with PayPal, Etsy, and Shoeboxed, among others. You can extend its integrations by using a service like Zapier.

Cons

  • Limited Features: Wave's free version lacks some advanced features available in paid software, such as payroll and dedicated customer support.
  • Scalability: As your business grows, you may find Wave's features insufficient for your needs.

Pros

  • Price: Zoho Books does offer a free version for startups with annual revenue less than $50K. Regular plans start at $20 per month, although you may be able to snag a sale.
  • Ease of Use: The platform is user-friendly, with a clean interface that simplifies accounting tasks.
  • Flexibility: It provides comprehensive features, including inventory management, project tracking, and automated workflows.
  • Integrations: Zoho Books integrates seamlessly with other Zoho apps and popular third-party tools like Stripe, PayPal, and G Suite.

Cons

  • Price: Advanced features are only available in higher-tier plans, which can be costly for small businesses.
  • Complexity: While feature-rich, some users may find the number of options overwhelming initially.

Conclusion


Choosing the right accounting software depends on your business's specific needs and budget. QuickBooks and Xero are excellent choices for those seeking comprehensive features and extensive integrations, albeit at a higher cost. FreshBooks offers simplicity and ease of use, ideal for freelancers and small businesses. Wave provides a cost-effective solution with essential features, while Zoho Books combines affordability for small startups with robust functionality available as you grow.

At NOC Technology, we understand the unique challenges small businesses face. If you have more questions about software solutions for your business,
grab a few minutes on our calendar today!

Tech upgrades that will boost employee safety in sheltered workshops
By Jon Lober April 15, 2025
At NOC Technology, we've worked with Missouri sheltered workshops for over seven years, and I've witnessed firsthand how the right technological implementations can transform sheltered workshop environments. Today, I'd like to share some insights on leveraging modern technology to create safer workspaces while maintaining the dignity and privacy of all participants. The Unique Safety Challenges of Sheltered Workshops Sheltered workshops provide valuable employment opportunities for individuals with disabilities, but they also present unique safety considerations. Workers may have varying levels of physical mobility, cognitive processing, and sensory perception—all of which can impact how they respond to traditional safety measures. Additionally, the production environments often involve machinery, tools, and materials that require careful monitoring and management. The Role of Smart Technology in Safety Advancements in smart technology provide real-time safety monitoring, immediate alerts for potential hazards, and improved emergency response times. Let’s explore some key technologies and their benefits in sheltered workshop environments. Personalized Alert Systems Traditional emergency alarms can be overwhelming for individuals with sensory sensitivities. Smart alert systems can deliver personalized notifications through: Vibrating wristbands that alert workers without auditory overload Visual notification systems with customizable colors and patterns Tablet-based communication for workers who benefit from visual cues Location-specific alerts that only notify those in affected areas We recently implemented a multi-modal alert system at a workshop in central Missouri that reduced anxiety-related incidents during emergency drills by 65% . Environmental Monitoring Maintaining optimal environmental conditions is crucial for both safety and productivity: Temperature and humidity sensors that automatically adjust HVAC systems Air quality monitors that detect potentially harmful particulates Noise level monitoring to prevent sensory overload Automated ventilation systems that activate when chemical levels exceed thresholds These systems not only protect workers but also provide documented compliance with OSHA regulations. Enhanced Supervision through Smart Cameras Security cameras have evolved beyond simple surveillance. Modern systems can: Detect unusual patterns that might indicate a worker in distress Monitor restricted areas without constant staff presence Identify when machinery is being used incorrectly Alert supervisors to potential safety hazards Important note: All camera systems should be implemented with strict privacy protocols and transparent policies. Workers and guardians should be fully informed about what is being monitored and why. In many cases, audio cannot be recorded, and the camera system must be configured to meet this requirement. Wearable Safety Technology Wearable devices offer personalized safety monitoring without stigmatization: Fall detection pendants that automatically alert staff Location tracking that helps locate workers in emergency situations Biometric monitoring for workers with health conditions Proximity sensors that prevent accidental entry into hazardous areas These wearables can be designed to look like standard ID badges or watches, preserving dignity while enhancing safety. Implementation Best Practices Successfully integrating smart technology into sheltered workshops requires careful planning: Involve all stakeholders: Workers, guardians, and staff should participate in selecting and implementing new technologies. Prioritize simplicity: Choose solutions that require minimal training and maintenance. Phase in gradually: Introduce new technologies in stages to allow everyone time to adapt. Balance automation with human oversight: Technology should supplement, not replace, trained staff. Respect privacy: Collect only essential data and maintain strong security protocols.
Could your sheltered workshop benefit from grant funding for new technology?
By Jon Lober April 7, 2025
As a sheltered workshop, you play a crucial role in providing meaningful employment opportunities for individuals with disabilities. However, like any organization, securing funding for technology upgrades can be a challenge. While investing in the right tools can improve efficiency, security, and overall productivity—that’s all only if you can afford the tools in the first place.
best office pranks for April Fools 2025
By Jon Lober March 31, 2025
Need April Fools pranks for your office? This list is technically harmless, but great fun. Happy pranking!
More Articles