CPA_Practice_Advisor_July_2020 - 10

REVIEW: SMALL BUSINESS ACCOUNTING SYSTEMS
QuickBooks Online

www.quickbooksonline.com

QuickBooks Online Accounting is a good fit for sole
proprietors, freelancers, and small businesses looking
for a complete financial solution. Easily accessible
from a variety of devices including desktop systems,
laptops, smart phones and tablets, QuickBooks Online
has added a number of features and functionality that
have helped expand its use beyond smaller businesses,
making it suitable for growing businesses as well.
QuickBooks Online Accounting is scalable, with
five versions available ranging from a freelancer ver-

CenterPoint Accounting
CenterPoint Accounting, from Red Wing Software is
best suited for small to mid-sized businesses and is
offered as an on-premise application or via the cloud.
In addition to its business accounting application,
CenterPoint also offers Fund Accounting, Municipal
Fund Accounting, and Farm Accounting versions,
CenterPoint includes a payroll application that can
be used with all applications.
CenterPoint Accounting has a drop-down menu

sion as well as the Advanced version, which supports
up to 25 simultaneous users. In addition, QuickBooks
Online's global version supports multiple currencies
and is currently available in 45 languages.
QuickBooks Online is a good solution for sole
proprietors, freelancers, and small businesses, with
five plans available including a Freelancer plan that
starts at $7.50 per month. Other plans available
include Simple Start, which is $12.50 per month,
Essentials, which supports up to three users and is

www.redwingsoftware.com
bar at the top of the user interface that offers easy
access to system features including File, View, Processes, and Reports. Colorful icons directly below the
menu bar offer access to numerous system features.
The interface is completely customizable with users
able to add frequently accessed features to the Quick
List, which is located to the left of the main screen.
CenterPoint is designed to work on a Windows
platform and does not currently work on any Mac

Sage Business Cloud Accounting

www.sageone.com

Formerly known as Sage One, Sage Business Cloud
Accounting is a good fit for sole proprietors, freelancers and micro-businesses. With complete cloud
accessibility, Sage Business Cloud Accounting can be
used with a desktop computer, laptop, tablet or smart
phone, with mobile apps available for both iOS and
Android devices. Sage Business Cloud Accounting
offers two plans, though only the more expensive
plan offers complete accounting capability.

Sage Business Cloud Accounting includes an easily
navigated entry screen that is intuitive and uncluttered. A variety of dashboards are available in the
application that provide a summary view of Sales,
Expenses, Cash Flow, and Cash Flow Forecast.
Accounting Start, which is an entry level system
designed for those primarily looking for invoicing
capability, which runs $10 per month, and the
Accounting version, which is currently $25 per

Xero

www.Xero.com

Xero is well suited for small businesses of any kind.
A good option for freelancers and sole proprietors,
Xero is completely online, offering an impressive
list of features including invoicing, inventory, bank
connectivity and bank reconciliation, bill payment,
projects and quotes, payment acceptance, purchase
orders, and multi-currency capability. Xero offers

Invoiced

JULY 2020 ■

4.25

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21144175

$20 per month, Plus, which supports up to 5 users and
is $35 per month, and Advanced, which can support
up to 25 users and is $75 per month. All pricing is
introductory for the first three months only. Those
interested can also sign up for a free 30-day demo.

2020 OVERALL RATING

4.75

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21144157

operating systems.
Those interested in CenterPoint Accounting view
a demo online or request information about pricing
details directly from Red Wing Software.

2020 OVERALL RATING

4.5

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21144171

month and includes reporting, invoicing, and quote
and estimate creation. Both versions are available as
a free trial.

2020 OVERALL RATING

4.75

Read the full review for
this product online at:

www.CPAPracticeAdvisor.com/
21144169

capability as well as expense and project management. Those interested in Xero can try the application
free for up to 30 days.

CPA_Practice_Advisor_July_2020

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