These days, many young people are starting their own small business. There are many people with success stories that have started with small businesses and made a big industry or factory business out of it. The young generation is full of talent and ideas and wants to venture into setup their own business instead of conventional corporate jobs. Running a business allows more freedom and flexibility whereas corporate jobs are stressful, hectic and make it difficult to maintain a work life balance. It becomes too stressful and leads to health issues as well which is why people want to do their own thing by giving shape to their innovative ideas and using their skill at entrepreneurship. There are many online tools to help small businesses with their accounting, bank accounts, payments, finance, vendors, and marketing.

What are the top online accounting programs for small business owners?

There are many online accounting programs for small business owners which help them with their data in terms of accounting, sorting information, calculations, history of payments, invoices, percentages, etc. Some of these various online tools are as follows:

• Zoho books : This software helps the owners with easy management of their business accounts and finances. This software can be tested with a trial version of around a fortnight to check its appropriate use. It can be purchased once the trial period is over and the user is satisfied with the product.
• SageOne : This is another tool for generating an invoice, payments, and maintaining records of payments. This is one of the best accounting software for small consulting businesses. It is considered to be the ideal software for freelancers and small project management companies.
• HDPOS Smart Accounts and Billing : it is a wonderful tool as an online accounting program for small business and it is available at a competitive price. It has a user-friendly interface. It is very easy to install and can be used on multiple devices with the same account details.
• QuickBooks Online : This is quite popular among online accounting programs as it one of the world’s best tools for small business owners. It is useful for maintaining balance sheets and invoice data record.
• Zipbooks : This software is based on cloud management and makes it easy to access from anywhere and from any device.
• FreshBooks : This is a helpful tool for business as it tracks expenses and maintains records of all the finances of the business.

How do online tools help small business owners?

• Online tools are a great help for small business owners as it is available to them with several benefits.
• These tools are accessible at any time of the day and from anywhere. This allows for flexibility of time
• Business owners can work and manage their business on their own without any help from another person.
• Business owners can track their details at any time and with just a click on their laptop or desktop.
• Many of these tools are also available as apps on mobile phones too.
• These online software tools are usually purchased digitally and are proven to be better in terms of safety and security of the data for the business owners.

How to choose the right online accounting tools for small businesses?
There are three things to consider before going for an online accounting tool for small businesses:

• Usability – Choose an option that gives multiple user access. This is cost effective.
• Cost – Go for the one that suits your budget. There are plenty of options to choose from.
• Features – depending on your requirement, pick the one that generates reports, tracks inventory, tracks payroll, project management and includes ancillary services.