Update: This article was last updated on 14th May 2019 to reflect the accuracy and up-to-date information on the page.

Choosing the best cloud accounting software for a business is challenging. Each accounting software includes a different set of features and offers multiple pricing plans. Accessing your accounting process remotely with cloud-based software gives a better overview of all your business accounts and enables you to work smarter and faster with better collaboration. It is a cost-effective, scalable and easy to use solution for bookkeepers, CPAs, and SMBs.

There are various cloud-based accounting software solutions which are available to cater to different business sizes.

Xero is a multi-featured solution for small and medium-sized businesses that simplify accounting by automating financial transactions. Another popular cloud-based accounting solution is QuickBooks Online which is adopted by every type of business. The software contains advanced features with easy-to-use interface and tools.

For a simple cloud accounting solution, Kashoo is the best pick, which helps freelancers, independent entrepreneurs to create as well as send invoices and file expenses. Wave is another cloud application which offers real double-entry accounting to accountants and bookkeepers and provides financial reports and sheets at your fingertips.

Other tools like- FreshBooks and Zoho Books are also considered as one of the top accounting software for SMBs which ensures efficient and smooth accounting process.

Here is a brief comparison of best cloud accounting software along with their features and different pricing plans that would help you select the right accounting solution for your business.

Comparison of Cloud Accounting Software for Small Businesses Infographic

With the help of cloud-based accounting solution, you can accelerate business growth and streamline the accounting process.

Therefore, evaluate your accounting needs and budget and identify the features required to narrow down your search for right accounting software with the capabilities of the cloud. This can save time and help you monitor other financial matters in the rapidly changing accounting market.

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