Bookkeeping software solutions for small businesses are a more dedicated subset of accounting software that focus on the recording of financial transactions.
These solutions help to streamline the entire accounting process as well as minimize the human error associated with traditional, manual bookkeeping.
Due to the nature of small business employees often being required to wear multiple hats, these solutions generally feature a range of accounting capabilities to cover the responsibilities of teams without dedicated accounting departments. As such, aside from bookkeeping these solutions can also often offer invoicing, expense tracking, budgeting, tax management, multi-currency support, and financial report generation.
More advanced solutions may also provide payroll, inventory management, customer management, or compliance capabilities. Furthermore, many of these solutions can be integrated with other existing business software such as CRM or eCommerce systems, as well as standalone variants of all the aforementioned features.