Here's a quick overview of the best accounting tools for remote teams in 2024:
These tools offer:
- Cloud-based accounting
- Multi-user access
- Automated bookkeeping
- Invoicing and expense tracking
- Mobile apps
Quick Comparison:
| Tool | Best For | Starting Price |
|---|---|---|
| QuickBooks Online | Feature-rich accounting | $10/month |
| Xero | Unlimited users | $15/month |
| FreshBooks | User-friendly interface | $15/month |
| Zoho Books | Affordable option | $0 (free plan) |
| Wave Financial | Free basic accounting | $0 (free plan) |
Choose based on your team's needs, budget, and required features. All tools prioritize data security and integrate with other business apps.
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1. QuickBooks Online
Key Features
QuickBooks Online helps remote accounting teams work better. Here's what it can do:
| Feature | Description |
|---|---|
| Automated Bookkeeping | Handles invoices, expenses, and reports automatically |
| Multi-User Access | Lets team members work together in real-time |
| Customizable Dashboards | Shows important financial information at a glance |
| Mobile App | Lets you manage finances on your phone or tablet |
Pricing
QuickBooks Online has different plans:
| Plan | Price per month | Number of users |
|---|---|---|
| Simple Start | $10 | 1 |
| Essentials | $17 | 3 |
| Plus | $25 | 5 |
| Advanced | $30 | 10 |
All plans include the main features like automated bookkeeping and multi-user access.
Works With Other Tools
QuickBooks Online connects with many other apps:
- Payment tools: PayPal, Stripe, Square
- Online stores: Shopify, Amazon, eBay
- Time tracking: TSheets, Harvest
- Inventory management: TradeGecko, Zoho Inventory
These connections help teams work faster and more easily.
Keeps Your Data Safe
QuickBooks Online takes steps to protect your information:
- Two-step login: Asks for a code from your phone or email, not just a password
- Data protection: Uses strong encryption to keep your data private
- Regular backups: Saves your data often to prevent loss
QuickBooks Online gives remote teams the tools they need to manage money well and safely.
2. Xero
Key Features
Xero offers these main features for remote accounting teams:
| Feature | What it does |
|---|---|
| Automated Bookkeeping | Handles bills, expenses, and reports on its own |
| Team Access | Lets team members work together at the same time |
| Custom Dashboards | Shows key money info at a glance |
| Mobile App | Lets you manage money on your phone |
| Unlimited Users | No limit on team members who can use it |
Pricing
Xero has three main plans:
| Plan | Cost per month | What you get |
|---|---|---|
| Early | $15 | 20 bills per year, basic tools |
| Growing | $30 | No limit on bills, more tools |
| Established | $78 | All tools, plus Xero Expenses |
Works With Other Tools
Xero connects to many other apps:
- Payment: PayPal, Stripe, Square
- Online shops: Shopify, Amazon, eBay
- Time tracking: TSheets, Harvest
- Stock management: TradeGecko, Zoho Inventory
Keeps Your Data Safe
Xero takes steps to protect your info:
- Two-step login: Needs a code from your phone or email
- Data protection: Uses strong coding to keep your data private
- Regular backups: Saves your data often to avoid loss
Xero gives remote teams tools to manage money well. Its unlimited users and custom dashboards make it stand out from other options.
3. FreshBooks
Key Features
FreshBooks offers these main features for remote accounting teams:
| Feature | What it does |
|---|---|
| Cloud Accounting | Manage money from anywhere, on any device |
| Invoicing | Make good-looking invoices easily |
| Time Tracking | Keep track of time spent on work |
| Expense Tracking | Log and sort expenses quickly |
| Project Management | Work with team members on projects |
Pricing
FreshBooks has different plans to fit various business needs:
| Plan | Cost per month | What you get |
|---|---|---|
| Lite | $15 | 5 clients, basic tools |
| Plus | $25 | 50 clients, more tools |
| Premium | $50 | No limit on clients, advanced tools |
| Select | Custom price | For big businesses, custom tools |
Works With Other Tools
FreshBooks connects to many popular apps:
- Payment: PayPal, Stripe, Square
- Online shops: Shopify, Amazon, eBay
- Time tracking: TSheets, Harvest
- Stock management: TradeGecko, Zoho Inventory
Keeps Your Data Safe
FreshBooks takes steps to protect your info:
- Two-step login: Adds extra safety to your account
- Data protection: Uses strong coding to keep your data private
- Regular backups: Saves your data often to avoid loss
FreshBooks is good for remote accounting teams. It lets you manage money from anywhere and works well with other tools many businesses use.
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4. Zoho Books
Key Features
Zoho Books offers these main features for remote accounting teams:
| Feature | What it does |
|---|---|
| Cloud Accounting | Manage money from anywhere, on any device |
| Invoicing | Make and send good-looking bills to clients |
| Time Tracking | Keep track of time spent on work |
| Expense Tracking | Log and sort expenses quickly |
| Project Management | Work with team members on projects |
| Workflow Rules | Set up tasks to happen on their own |
Pricing
Zoho Books has different plans to fit various business needs:
| Plan | Cost per month | What you get | | --- | --- | | Free | $0 | Basic tools for small businesses | | Standard | $20 | More tools, including invoicing | | Professional | $50 | Even more tools, like project management | | Premium | $70 | Better reports and data analysis | | Elite | $150 | Special setup help and fast support | | Ultimate | $275 | Top-level safety and rule-following |
Works With Other Tools
Zoho Books connects to many other apps:
- Payment tools: PayPal, Stripe, Square
- Online stores: Shopify, Amazon, eBay
- Time tracking: TSheets, Harvest
- Stock management: TradeGecko, Zoho Inventory
Keeps Your Data Safe
Zoho Books takes steps to protect your info:
- Two-step login: Adds extra safety to your account
- Data protection: Uses strong coding to keep your data private
- Regular backups: Saves your data often to avoid loss
- Help when you need it: Support team available 24 hours a day, 5 days a week
Zoho Books is a good choice for remote accounting teams. It offers many tools and plans for different business sizes. It works well with other apps and keeps your data safe.
5. Wave Financial
Key Features
Wave Financial is a money management tool for remote teams. It offers:
| Feature | What it does |
|---|---|
| Online Accounting | Manage money from anywhere |
| Billing | Make and send bills to clients |
| Payment Tracking | Keep track of who has paid |
| Expense Tracking | Record and sort spending |
| Money Reports | Make reports to help with choices |
Pricing
Wave Financial has three plans:
| Plan | Cost per month | What you get | | --- | --- | | Solo | $0 | Basic tools for one user | | Pro | $19 | More tools for many users | | Advisor | $29 | Extra tools for money experts |
Works With Other Tools
Wave Financial connects to other apps:
- Payment tools: PayPal, Stripe, Square
- Online stores: Shopify, Amazon, eBay
- Time tracking: TSheets, Harvest
- Stock tracking: TradeGecko, Zoho Inventory
Keeps Your Data Safe
Wave Financial takes steps to protect your info:
- Two-step login: Adds extra safety
- Data protection: Keeps your info private
- Regular backups: Saves your data often
- Follows rules: Meets safety standards
Wave Financial is a good tool for remote teams to manage money. It's easy to use, works with other tools, and keeps your data safe.
Good and Bad Points
Comparison of Accounting Tools
| Tool | Good Points | Bad Points |
|---|---|---|
| QuickBooks Online | More features, no invoice limit, expense tracking, transaction tags, familiar to accountants | Costs more than others, few users per plan |
| Xero | Many users for low cost, easy to use, basic stock tracking in all plans | Fewer features in cheaper plans, no stock reorder alerts |
| FreshBooks | Simple to use, good help desk, works with many apps | Fewer features in cheaper plans, no stock management |
| Zoho Books | Low cost, good for small businesses, works with many apps | Fewer features in cheaper plans, no stock management |
| Wave Financial | Free plan, good for small businesses, works with many apps | Fewer features in cheaper plans, no stock management |
What to Think About
When picking an accounting tool, look at these things:
| Factor | Questions to Ask |
|---|---|
| Features | What do you need? Stock tracking? Project management? Time tracking? |
| Cost | How much can you spend? Do you need a free plan or can you pay for more features? |
| Ease of Use | Do you want something simple or are you okay with complex software? |
| Connections | Does it work with other apps you use? Payment tools? Online stores? Time trackers? |
| Safety | How safe is your data? Is there two-step login? Data protection? Regular backups? |
Pick a tool that fits your needs and budget. Think about what features you need most and how easy the tool is to use. Make sure it works with your other apps and keeps your data safe.
Wrap-up
When picking an accounting tool for your remote team, think about what you need and how easy it is to use. Each tool has good and bad points, so look at what matters most to your team.
Here's a quick look at the main tools:
| Tool | Good Points | Bad Points |
|---|---|---|
| QuickBooks Online | Many features, no limit on invoices | Costs more, few users allowed |
| Xero | Many users for low cost, easy to use | Fewer features in cheap plans |
| FreshBooks | Simple to use, good help | Fewer features in cheap plans |
| Zoho Books | Low cost, good for small businesses | Fewer features in cheap plans |
| Wave Financial | Free plan, good for very small businesses | Fewer features overall |
To pick the right tool:
- List what features you need
- Set your budget
- Check how easy it is to use
- See if it works with your other tools
- Make sure it keeps your data safe
