Running a small business has its set of challenges. With the right software and tools at your disposal, tackling these challenges becomes easier. More software and tools are being developed by companies around the world that understand the needs of small businesses and want to help them operate more effectively. The best tools for small businesses available out there help in bridging communication, productivity and collaboration gaps. There are hundreds of tools available for small businesses like you, the key is to pick the right ones that suit your requirements and cater to the nature of your work.
Small business management tools can help you conquer routine tasks from tracking employee progress to more important things like taxation. The pandemic has also increased the dependence of businesses (small, medium and large) on these software as remote working continues to evolve. Harnessing these tools will only empower you to communicate more seamlessly with your team, get amazing results faster with better coordination and ultimately keep your business thriving.
We have curated a list of 33 paid and free tools for small businesses that will be helpful in different departments, namely – Accounting & Bookkeeping, Taxation, HR & Recruiting, Team Communication, Website Creation, Ecommerce Integration, Marketing Automation, Email Marketing, Social Media Automation, Online Payment Tools and a few other miscellaneous tools. So, if you’re looking for the right tools to grow your small business, read along.
Accounting & Bookkeeping
Xero is an all-in-one solution that helps in keeping records tidy and making compliance easy. The software is designed to automate everyday tasks, such as reporting and invoicing and filing end-of-year returns. The software aims at giving you a clear financial picture of your business. Through Xero, you can pay bills, accept payments, claim expenses and track projects. Additionally, Xero is also equipped with tools to help you perform bank reconciliations. According to its website, Xero is currently helping more than 2 million subscribers all over the globe transform how they manage their accounts.
Free Trial: Xero offers a 30 day free trial
Pricing: Plans start at $20 per month and go up to $40 per month. Add-ons, like ‘Claim Expenses’ and ‘Track Projects’ can be purchased at an additional cost.
This is one of the best tools for small businesses for accounting. A good thing about this software is that it is available for free. That’s right, it charges no set-up fees, no monthly fee or any other hidden fee to its users. Wave offers both its Accounting software and Receipt Scanning software for absolutely no cost. Using their accounting software, you can track your income & expenses, track your sales tax on expenses & income and add unlimited accountants, partners & collaborators. The software has a fully-functional double-entry system and provides insightful reports on Profit & Loss, Overdue Invoices and Bills and Cash Flow.
Pricing: The software is entirely free to use
If you are a service-based small business, then the accounting software by FreshBooks is one of the small business management tools you can go for. Their software offers more features for customization of invoicing than any other software. The primary function of FreshBooks accounting software is to send, receive, pay and print invoices but it is also designed to take care of basic bookkeeping needs of small businesses. The software is cloud-based, has a user-friendly interface, allows easy third-party integration and offers advanced invoicing features. However, the accounting software by FreshBooks doesn’t have any inventory management tools or a payroll service.
Free Trial: 30-day free trial available
Pricing: They have various pricing plans depending on the number of Billable clients. Their Lite plan that allows 5 Billable clients is priced at $4.50 a month and Plus at $7.50 a month at 50 billable clients.
If you’re a seasoned business owner who is familiar with taxation, TaxAct is the best choice. It is cheap, offers all the features you might need and is super easy to use. It also has tax tools such as W 4 Calculator, Tax Calculator, Tax Bracket Calculator, Self-Employment Calculator and other Self-Employment resources. It has 300+ available deductions and credits for your benefit. After filing your returns, you can also check your e-filing status and track your IRS Refund.
Free: No free trial available for businesses
Pricing: For businesses, it has plans starting from $64.94 for Sole Proprietors that go up to $109.95 for S Corporations. The amount has to be paid once at the time of filing.
2. TurboTax by Intuit
One of the best tools for small business owners for taxation purposes is TurboTax. The software allows you to file your simple federal and simple state tax returns easily. TurboTax by Intuit covers industries like online sales, personal and professional services, rideshare and much more. It also allows you to search for industry-specific deductions. In case you don’t have an idea how to go about filing your taxes, TurboTax experts can also take care of your end-to-end taxation needs. The software can also provide you with on-demand expert review before finally filing your taxes.
Free Trial: Doesn’t offer a free trial.
Pricing: $90 to be paid at the time of tax filing
3. H&R Block
For taxation, H&R Block is one of the best tools for small businesses. It provides you a seamless tax filing experience through its intuitive interface along with a variety of useful features. For first timers, the platform also offers an accuracy review to help them get the most refund. H&R Block offers storage for up to six years of tax returns. Additionally, it offers a no-cost in-person audit support along with free access to tax experts. Moreover, it offers chat, telephone support and step-by-step guidance to help you file your taxes easily and on time.
Pricing: Ask for quote
To get the complete list of 33 best tools for small businesses, download our ebook.
33 Best Tools for Small Businesses
Send download link to:
For more updates and latest tech news, keep reading iTMunch
Feature Image: Business photo created by rawpixel.com – www.freepik.com
Images in eBook