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Best Business Software of June 2024

Choose accounting, point-of-sale, payment processing, payroll and additional solutions that your business won’t outgrow. The right software may not be free.
By Hillary Crawford
Last updated on April 23, 2024
Edited bySally Lauckner
Fact checked and reviewed

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The right business software for your company minimizes manual data entry on multiple fronts, whether it’s categorizing transactions, recording in-person sales, tracking inventory, generating invoices or making sure your employees get paid on time. Before putting together your small-business management software ecosystem, verify that all of your choices integrate with each other.
Most businesses start with accounting software to keep their finances in order. Other business software products to consider include point-of-sale (POS) systems, payment processing services and software for payroll, invoicing, inventory management and human resources. We’ve rounded up our top picks across all these categories.
Here are NerdWallet’s top picks for the best small-business software.

Our picks for

Best accounting software

Solid accounting software is the foundation of a capable business software ecosystem. Use it to centralize all of your financial data, prepare for tax season and keep tabs on the financial health of your business. Accounting software often includes features for budgeting (Xero and QuickBooks Online stand out for theirs) and invoicing (we rate FreshBooks as one of the best all-in-one invoicing and accounting products).

QuickBooks Online

Learn more

on QuickBooks Online's secure website

Starting at
$30/month

Additional pricing tiers (per month): $60, $90, $200.

Promotion
50% off

for first three months or free 30-day trial.

Learn more

on Xero's secure website

Starting at
$15/month

Additional pricing tiers (per month): $42, $78.

Promotion
30-day free trial

or monthly discount (terms vary).

Zoho Books

Learn more

on Zoho Books' secure website

Starting at
$0

Additional pricing tiers (per month): $20, $50, $70, $150, $275.

Promotion
14-day free trial

of the Premium plan.

FreshBooks

Learn more

on FreshBooks' secure website

Starting at
$19/month

Additional pricing tiers (per month): $33, $60, custom.

Promotion
30-day free trial

or monthly discount (terms vary).

Our picks for

Best point-of-sale (POS) software

Point-of-sale software often enables you to do much more than take payments. Capabilities can include inventory management, menu and table management, employee management, customer loyalty programs and integrations with third-party software for additional functionality. If you have a brick-and-mortar storefront, make sure your POS software provider also offers hardware that lets you accept in-person payments.

Square POS

Learn more

on Square POS's secure website

Payment processing fees
2.6% + 10¢

in-person; 2.9% + 30¢ online.

Monthly fee
$0.00

and up.

SpotOn Restaurant

4.0
NerdWallet rating 
Learn more

on SpotOn Restaurant's secure website

Payment processing fees
1.99% + 25¢

For most cards in paid plans.

Monthly fee
$0.00

and up.

Shopify Retail POS

Learn more

on Shopify POS's secure website

Payment processing fees
2.70%

in-person; 2.9% + 30¢ online (Basic plan).

Monthly fee
$39.00

and up for e-commerce plans with POS Lite; Can upgrade to POS Pro for an extra $89.

Clover POS

Learn more

on Clover POS's secure website

Payment processing fees
2.3% + 10¢ or 2.6% + 10¢

in-person; 3.5% + 10¢ online.

Monthly fee
$14.95

and up.

Our picks for

Best payment processors

A payment processor is necessary for any business that accepts credit cards. The best payment processors offer competitive transaction rates, can process multiple payment methods and currencies, are transparent with their fees and may offer discounted transaction rates based on sales volume.

Learn more

on Stripe Payments' secure website

Payment processing fees
2.7% + 5¢

in-person; 2.9% + 30¢ online.

Monthly fee
$0.00
Learn more

on Helcim's secure website

Payment processing fees
0.40% + 8¢

plus interchange, in-person; 0.50% + 25¢ plus interchange, online.

Monthly fee
$0.00

National Processing

Learn more

on National Processing's secure website

Payment processing fees
0%-1.5% + 0¢-48¢

for Basic In-Person Package.

Monthly fee
$9.95

for Basic In-Person Package.

Learn more

on PayPal's secure website

Payment processing fees
2.99% + 49¢

credit and debit cards; 3.49% + 49¢ digital payments.

Monthly fee
$0.00

Standard; $5 Payments Advanced; $30 Payments Pro.

Our picks for

Best invoicing software

Invoicing and billing software lets you create one-off and recurring invoices, bills clients, keeps track of unpaid invoices and sends payment reminders. Here are several great options that all include a free pricing plan.

Harvest

5.0
NerdWallet rating 
Starting at
$0

Additional pricing tiers (per month): $12 per user.

Promotion
30-day free trial

of the Harvest Pro plan.

Square Invoices

Learn more

on Square Invoices' secure website

Starting at
$0

Additional pricing tiers (per month): $20.

Promotion
30-day free trial

of the Plus plan.

Our picks for

Best inventory management software

It’s not uncommon to find inventory tracking features in your accounting or POS software. Here are several standalone options, however, that may be a good fit for businesses with basic or limited POS software or those operating without a POS but in need of a system to help manage inventory.

Cin7

Starting at
$349/month

Additional pricing tiers (per month): $599, $999. Custom pricing also available.

Promotion
14-day free trial.

Zoho Inventory

Learn more

on Zoho Inventory's secure website

Starting at
$0

Additional pricing tiers (per month): $39, $99, $159, $299.

Promotion
14-day free trial

Our picks for

Best payroll software

Payroll software doesn’t just make paying your employees easier — some will also calculate and file payroll taxes for you. Typically it offers some level of access to employees so they can view pay stubs, download tax forms and update their personal information. Standout payroll software includes automatic payroll functionality and direct integrations with popular accounting software.

Gusto Payroll

Learn more

on Gusto Payroll's secure website

Starting at
$40/month

Additional pricing tiers (per month): $80, custom pricing. Fee per employee varies by tier.

Promotion
6 months free

for contractor-only businesses.

QuickBooks Payroll

Learn more

on QuickBooks Payroll's secure website

Starting at
$45/month

Additional pricing tiers (per month): $80, $125. Fee per employee varies by tier.

Promotion
One month free trial

or 50% off for three months; terms apply.

RUN Powered by ADP

Learn more

on RUN Powered by ADP's secure website

Starting at
$79/month

Plus $4 per employee. Custom pricing also available.

Promotion
Three months free

Terms apply

OnPay Payroll

Learn more

on OnPay Payroll's secure website

Starting at
$40/month

Plus $6 per employee.

Promotion
One month free

Terms apply

Our picks for

Best HR software

If your business spends a lot of time hiring and training employees, it might be time to explore human resources software that can assist in benefits administration, payroll and employee onboarding.

Rippling

Learn more

on Rippling's secure website

Starting at
$35/month

Plus $8 per person.

Promotion
N/A

Namely

Starting at
N/A

Quote-based.

Promotion
N/A

What is business software?

Business software refers to various digital tools and programs that help manage your small business — from tracking expenses and inventory to processing customer payments and paying employees. Small businesses may subscribe to multiple programs that work together to help manage operations.
For example, accounting software might centralize all of your bookkeeping and invoicing tasks, while payroll software could consolidate your employee management and HR needs. Regardless of whether you subscribe to all-in-one small-business management software or build your own solution with individual platforms that integrate with one another, your business software should help you run operations more efficiently, plan ahead and hopefully even save you money in the long run.

How to choose the right business software

Couple of hands typing on a laptop.
1. Pick your accounting softwareMost small businesses should have some type of accounting software, even if it’s very simple, to separate their business and personal expenses and keep track of income. This can also make filing taxes simpler.
Some bills and a red card.
2. Consider how you’ll get paidTo accept payment from customers, look for a payment processor that offers competitive pricing and the type of hardware you need. Brick-and-mortar businesses may consider a countertop POS system, while mobile businesses may only need a portable card reader. Online businesses should seek out processors that integrate with e-commerce platforms or offer their own.
Cash and coins.
3. Figure out how you’ll pay employeesIf your business has employees, payroll software can help you stay on top of payroll taxes and make sure your employees are receiving their paychecks on time. Some payroll software lets you add HR services, offer medical benefits and track time off, too.
A person looking at a mobile phone.
4. Make sure it all integratesIf your business software programs don’t integrate with each other, you could be stuck manually entering data. Above all, your accounting software should integrate with your POS system, payments software and payroll so that it can keep track of all the money coming into and out of your business. Direct, built-in integrations, as opposed to those hosted by third-party apps, are preferable because they typically don’t cost extra.

Types of business software

For a more in-depth look at different types of business software — and to see even more options — check out NerdWallet’s picks for:
Last updated on April 23, 2024

Methodology

NerdWallet independently reviews business software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy.
Here’s more information about how we evaluate accounting software, POS systems, payment processing providers and payroll software services.
These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one.
NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.
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