If you are a small business owner, this post at The Rules of Thumb blog from MoneyThumb will help you get started off on the right foot in 2019 when it comes to deciding on the best accounting tools and software to help your business.

The blog at StoreYa has collected a very definitive list of 44 accounting tools and software for small business. We are sharing the first 10 of those tools and software listed by StoreYa below:

All-In-One Inventory Management, Business Management, and Financial Accounting Tools and Software

1. Brightpearl

Price: Customizable plans starting from around $375 per month for 3 users

Best for Small to medium omnichannel and eCommerce businesses and retailers

Platform: Cloud-based

Integrates with: Shopify, Magento, BigCommerce, eBay, Amazon, Shipstation, UPS and more

Brightpearl’s eCommerce management system is a full-service platform that integrates accounting with back-office inventory and warehouse management. It integrates with your shipping systems, and like other platforms such as FreshBooks, it is mobile-optimized and offers APIL developers options for easy integration.

Key features include:

• CRM
• Order management
• Batch processing and supplier ordering
• Payment management

2. NetSuite

Price: Varies, at it offers build-your-own package options; but their rough base-license costs are around $999 per month with access costs of $99 per user, per month.

Best for: Any sized, fast-growing business that sells physical products

Platform: Cloud-based

Netsuite offers a variety of comprehensive online financial, accounting and business management solutions. But if you’re looking for a full solution, then their ERP package includes everything you need to run a successful commercial business including cloud financial management and warehouse and fulfillment warehousing.

Key features include:

• In- and outbound logistics product management
• Full accounting services
• Billing
• Financial planning and reporting
• Supply chain management
• Order management

3. ProfitBooks

Price: On request

Best for: Small, growing businesses

Platform: Cloud-based

Integrates with: Amazon, QuickBooks, WooCommerce

ProfitBooks works seamlessly with QuickBooks to offer you an all-in-one accounting and inventory management platform for your business. You can do anything from creating invoices to managing branch-level sales transactions, while you manage your stock, purchases and sales orders all from one convenient platform.

Key features include:

• Purchase workflow simplification
• Stock control and adjustments
• Product batch maintenance
• Multiple warehouse maintenance
• Multiple currencies

4. QuickBooks

Price: Free 30-day trial then starts at $15 per month

Best for: Small to medium growing eCommerce businesses

Platform: Cloud-based

Integrates with: ProfitBooks

QuickBooks has a variety of solutions catering to any size business. It’s their Plus Plan that offers you the most flexibility with its inventory tracking and advanced accounting options. However, if you are a complete accounting novice or won’t have an accounting service provider, you could find their system a little hard at first.

Key features include:

• Sales, expenses and profit tracking
• Invoice creation and sending
• Sales tax tracking and management
• Bill payment and management
• Inventory tracking
• Profitability tracking

Budgeting, Profit Management and/or Admin Accounting Tools & Software

5. Apache OpenOffice

Price: Free

Best for: Budgeting and planning for small or new business owners

Platform: Windows, Linux, OS

If you’re looking for an alternative (free) software option to Microsoft Office, then Apache’sOpenOffice is an easy-to-use solution for your spreadsheet needs. Their library of templates has hundreds of small business templates from budgeting to project planning sheets. In short, OpenOffice offers a cheap, user-friendly alternative for planning your new budget across all areas of your business.

Key features include:

• Budgeting sheet templates
• Project planning
• Timesheets

6. DeepMine

Price: 60-day trial and then from $10 per month

Best for: For small to medium Shopify store owners

Platform: Shopify app

The DeepMine Shopify app allows you to view accounting information (such as sales, tax, shipping, costs, etc.) in real-time from one dashboard. They are also busy beta testing a new feature that will enable you to set up and pay vendors and royalties. DeepMine gives eCommerce store owners access to vendor, SKU, order status and best-selling product reports while also enabling you to set up the cost for each product, automate email reports and remit partner percentages.

Key features include:

• Order status (paid, authorized, pending, refunded, voided, abandoned)
• Fulfillment status (unshipped, partial, shipped)
• Cost of product setup
• Automated email reports

7. Delirious Profit

Price: Free 7-day trial then $7 per month

Best for: Shopify store owners

Platform: Shopify app

The Delirious Profit Shopify app enables you to quickly and efficiently calculate your profits and margins on Shopify. Giving Shopify users an overview of earnings over time, it allows you to add your cost price (COGS) to variants and is super easy to set up.

Key features include:

• Top products
• Inventory stock costs and profits per product, month, vendor, category and channel
• Discount performance reports

8. Profiteer ‑ Cost of Goods Sold

Price: Free 3-day trial then $15 per month

Best for: Lean eCommerce store owners wanting a complete look at product costs

Platform: Shopify app

Profiteer is a handy Shopify app that will show you your real profits on total sales in real-time. In short, it records the cost price of each product as it’s sold, having costs adjusted automatically as that currency fluctuates against the USD.

Key features include:

• See the total value of your unsold inventory at any time
• Changing cost and retail prices
• Profits and margins report

9. SimplyCost

Price: Free 14-day trial then $4.99 per month

Best for: Small to medium Shopify store owners

Platform: Shopify app

SimplyCost is a Shopify app that allows you to add COGS (cost of goods) to your Shopify store thereby enabling you to calculate profit in real-time. Taking into consideration any current discounts, refunds, shipping and taxes, it helps users automatically calculate and track their profitability.

Key features include:

• A variety of profit reports by time, channel, location, SKU and more
• Cost price bulk upload
• Supports additional costs: shipping, handling, etc.
• Export reports

Day-to-Day Business Management and Accounting Tools & Software

10. Adminsoft Accounts

Price: Free

Best for: UK-based business owners

Platform: Windows

Adminsoft is a free, downloadable Windows accounting program that offers a complete money management toolkit. This program is particularly useful for business in the UK, as it will be MTD compliant for VAT as of April 2019. That’s not to say that you can’t use it if you’re not in the UK since they include other currencies as well.

Key features include:

• Invoice, statement and quote management and creation
• Customer and supplier list creation and management
• Supplier payments, control stock, and purchase order management
• Profit, loss, budgeting, and cash flow tracking
• Payroll management

To see the full list of all 44 accounting tools and software that the StoreYa blog covered, follow this link. Our only objection is that StoreYa did not mention one of the best tools on the market to help with your small business, and that is the PDF financial file converters from MoneyThumb. Your small business can quickly and seamlessly convert financial statements of every kind to help with your accounting and taxes, saving you time and money.