Top Accounting Tools for Remote Teams 2024

Here's a quick overview of the best accounting tools for remote teams in 2024:

1. QuickBooks Online
2. Xero
3. FreshBooks
4. Zoho Books
5. Wave Financial

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:

1. List what features you need
2. Set your budget
3. Check how easy it is to use
4. See if it works with your other tools
5. Make sure it keeps your data safe

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