For an entrepreneur looking to streamline their company\u2019s operations while also reducing the margin of error in routine business activities, investing in accounts payable software for small businesses is a fantastic step. While managing your accounts manually may seem sustainable initially, as your operation grows, you will inevitably encounter issues\u2014like incorrectly entered information that throws a monkey wrench into your finances, missed bills or payments, or lost invoices.<\/p>\n\n\n\n
These may not seem like too great a threat initially, but as you grow, even a small mistake has the potential to set you back in a serious way. Thankfully, we\u2019re confident that investing in the right accounts payable software before you encounter a hurdle will save you headaches and hassle down the road. But if you need some convincing, we\u2019ll explain exactly why you need it as a small business owner, as well as how to decide which software is right for you.<\/p>\n\n\n\n
While a group of small business owners will each inevitably have a number of reasons why they feel their business is better off thanks to their accounts payable software, the most basic reason we can provide is this: it will liberate your mind from having to keep track of lots of high-stakes numbers. Between invoices and bills, due dates, tax calculations, and financial data you need to track your business\u2019s success, there\u2019s a lot to manage.<\/p>\n\n\n\n
With the right small business accounts payable software, you\u2019ll be able to easily and quickly perform a number of tedious but essential tasks with a greatly reduced margin of error and time commitment. Who doesn\u2019t want that?<\/p>\n\n\n\n
While the specific accounts payable features you\u2019ll need for your small business may vary from the needs of another business owner, there are some key features you\u2019re likely to find beneficial no matter what industry you work in or what kind of operation you\u2019re running. Here are some things to look for:<\/p>\n\n\n\n
In order to determine which software is best for you, let\u2019s take a closer look at a couple of different options available on the market.<\/p>\n\n\n\n
Price: <\/strong>Packages start at $39 per month.<\/p>\n\n\n\n Pros:<\/strong><\/p>\n\n\n\n Cons:<\/strong><\/p>\n\n\n\n Price: <\/strong>Plans are available in three tiers starting at $55 per month, and can be used by up to three users.<\/p>\n\n\n\n Pros:<\/strong><\/p>\n\n\n\n Cons:<\/strong><\/p>\n\n\n\n Price: <\/strong>Unlike many other accounts payable software options, Sage Intacct is a quote-based platform, meaning your cost is determined by where your small business falls in relation to a number of factors, and which features your specific industry requires. Prices start at $47 per month, and a free trial is available to introduce you to the product.<\/p>\n\n\n\n Pros:<\/strong><\/p>\n\n\n\n Cons:<\/strong><\/p>\n\n\n\n Price: <\/strong>A variety of subscription tiers are available to meet your specific business needs, ranging from $99 per month to $1,199+ per month. A free trial is available so you can try it before you buy it.<\/p>\n\n\n\n Pros:<\/strong><\/p>\n\n\n\n Cons:<\/strong><\/p>\n\n\n\n\n
\n
<\/span>QuickBooks<\/strong><\/span><\/h3>\n\n\n\n
\n
\n
<\/span>Sage Intacct<\/strong><\/span><\/h3>\n\n\n\n
\n
\n
<\/span>Lightyear<\/strong><\/span><\/h3>\n\n\n\n
\n