Check out what cloud accounting software is best fitted for your small business. Here is the brief comparison among these software.

1. Top Cloud Accounting
Software for Small
Business Compared

3. The 8 year old cloud accounting software is designed for
small businesses with better user interface. It delivers some
great third party applications that keep everything intact.
Some of it’s great features such as cash flow, invoicing,
automated payments and payroll help you manage
business more efficiently.
Pricing:
Xero
$20 /month
• 5 invoices
and 5 bills in a
month
$30 /month
• higher
number of
invoices and
bills
$40 /month
• all features
including
dealing in
multi-currency

4. A great choice for small businesses and accountants that
makes accounting quick, easy and painless. It has time
saving features such as faster payments , payroll and 1-click
reports that help you manage business finance easily.
Pricing:
QuickBooks Online
$7.99 /month
• Simple Start
version for
simple
businesses
$13.99 /month
• Essentials
version for
growing
businesses
$17.99 /month
• Plus version
for
established
businesses

5. One of the simple and easy to use cloud accounting
software that automate invoicing, expense tracking and
bookkeeping.
Pricing:
Kashoo
$5/month
• Solo Plan
$20/month
• Business Plan

6. Wave is a free & easy accounting, invoicing and personal
finance software. It has features such as automatic
payments, payroll processing and personal finance tools
that help you run your business better.
Pricing:
Wave
$0 /month
• 100% free
plan
$9/month
• Starting plan
– pay your
employees
$19/month
• Business plan
– get expert
help

7. Popular cloud accounting solution specially designed for
micro business and freelancers. It offers easy invoicing,
accounting, time & expense tracking and project
management features together in one place.
Pricing:
FreeAgent
$20 /month
• Universal plan includes all features

8. Another popular, user friendly cloud accounting solution
designed with a with a focus on time tracking and
invoicing.
Pricing:
FreshBooks
$0 /month
• 100% free
plan – only
1 client you
can manage
$19.95 /month
• Seeding
plan – max.
25 clients
you can
manage
$29.95 /month
• Evergreen
plan – only
1 staff can
access
software
$39.95 /month
• Mighty Oak
– fully
functional

9. The prominent users of cloud accounting software are
mainly accounting professionals and small business
owners.
Accountants prefer functionality over user interface and
look of the software, whereas SMB owners look for a
mixture of both interface and functions.
What Accountants & SMBs want?

10. We are not going to declare any of the software as the best
cloud accounting software. Each has its own pros and cons
depending on the type of the business.
Let’s compare them on the basis of their functionality.
Cloud Accounting
Recommendation

11. Fully Functional Cloud
Accounting Solution
QuickBooks online and Xero are clearly complete, advanced
and complex package that offers complex accounting features
and fit automatically according to the needs of business. These
are more focused on accounting professionals than other
software.
Kashoo is kind of in-between application in that it has both the
simplicity of use that SMBs like, while at the same time it has
features to satisfy the primary needs of accounting
professionals.

12. vs.
Xero has been the most innovative accounting software and
it has also been more open to new technologies. They are
also very committed towards their customers and even their
top officials get involved in solving the customer queries.
QuickBooks Online has a wider customer network because
it has followed some strict norms when it comes to the
design of the interface, look and feel of services and even
bringing in new technology.

13. Non-Fully Functional Cloud
Accounting Solution
Though markets are dominated by QuickBooks online, Xero
and Kashoo but there are other accounting software as well
that have the capability to deliver results.
Here are some:

14. Non-Fully Functional Cloud
Accounting Solution
Wave:
Wave has all the features required to perform most of the basic
things that an accounting professional would expect.
FreeAgent:
FreeAgent is a billing software for freelancers. If you are working
as a freelancer or working on a small project which has a deadline,
FreeAgent will definitely do that for you.
FreshBooks:
If you’re a freelancer or small vendor with a focus on expense and
time, FreshBooks is a pretty great solution.

15. Finding The Right Place
Before you finalize what accounting software is the best,
make sure that it is within your geographical reach as well.
Xero, a market leaders for accounting software in New
Zealand, makes it a better option for New Zealanders and
Australians, whereas QuickBooks Online is best suited for
Americans and Canadians.
FreeAgent, a UK based company, is tuned for those in UK.
Both, Wave and Kashoo have focus on Canadians.

16. About Us
Ace Cloud Hosting powered
by Real Time Cloud Services
(RTCS), is an Authorized
commercial QuickBooks
Cloud Hosting and
Application Hosting Service
provider to CPAs, SMBs,
Bookkeepers and ranks
amongst the leading
QuickBooks hosting
providers.

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18. References:
www.sleeter.com/blog/2013/08/cloud-accounting-recommendations/
www.acecloudhosting.com/blog/2488_top-5-accounting-solutions-
for-small-businesses/
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