Indeed, cloud-based accounting software is usually the best option for small businesses, because of its flexibility and importation/ exporting options. Xero, FreshBooks, QuickBooks Online, is not just for large businesses anymore, but has given every user the ability to manage finances from anywhere. They are automatic; this means that data is updated real time, thus reducing the risk of errors, or loss of data. Additionally, they have better security facilities and the integration with a third party. If you are a small business hoping for convenience, collaboration and scalability, there is no better solution to the accounting software software than cloud based accounting software.
More information: https://accountingbyte.com/best-accounting-package-for-small-business/
