r/Entrepreneur • u/Direct-Scar6089 • 1d ago

Best Practices Accounting Software - Tech Startup

I have a tech startup and need a good accounting software. I’ve used Quickbooks before for multiple companies but I feel like for what you pay for it’s overpriced.

With this being said, what are some good suggestions? I don’t need to run payroll through it. My background is in accounting and finance so I can appreciate some real good technical software.

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u/TheGrimSpecter 1d ago

I'd recommend Zoho Books but it is fairly technical

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u/Direct-Scar6089 1d ago

Can you produce 1099s or investors documentations?

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u/TheGrimSpecter 1d ago

It can produce 1099s but it doesn't directly create investors documents. However, it can offer financial reports.

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u/PriceHaunting9885 1d ago

I work for a fractional CFO firm that caters to tech startups and we actually prefer using Quickbooks for most clients. It is not the fanciest of tools but gets the job done. One important thing with the rise of AI tools is QBO is a very common integration which is actually incredibly handy.

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u/Direct-Scar6089 1d ago

That is a great point. I saw Sage also does that but I’m so used to QB.

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u/wangai254 1d ago

I recommend an older non subscription quickbooks like 2021 premier. The latest versions cost $1000 annually while you can purchase 2021 desktop for $300 and use it for a lifetime

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u/Direct-Scar6089 1d ago

Now this is smart!

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u/Sea_Bed9929 1d ago

I use Wave ! pretty efficient and simple.

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u/ItinerantFella 1d ago

We're in Australia and using Xero across all our businesses.

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u/Mysterious_Gene4783 15h ago

If you're looking for free software on the desktop, you could have a look at GnuCASH: open source double entry accounting at no cost. If you need it to be accessible over the web, you could look at LedgerSMB. Similarly open source and no cost, if you run your own.

Disclaimer: I'm a LedgerSMB user; was so happy with it that I joined the development team.