If you’re a small business owner, it’s essential that you follow proper accounting practices to ensure maximum returns for your investments.
Here are four ways small businesses can handle accounting:
Use Accounting Software
In the past, keeping track of books and records was often done manually with pen and paper. Today, a lot of businesses rely on accounting software to help them manage their finances. There are many types of accounting software available for you to choose from—it depends on your industry, budget and choice. We reviewed this in our best accounting software for small businesses article.
Pricing of popular accounting software typically ranges from $0 (free forever plan) to $30 per month.
Who it’s best for: Small businesses (including freelancers and startups) with limited budgets are ideal candidates for accounting software.
