The 7 Best Accounting Solutions for Healthcare Startups

Startups are tech savvy.

They’re also on a budget. Which is why pay-as-you-go and pay only for what you need cloud-based accounting software is a great choice for startup businesses. Come tax season, they’re also a great way to interface with your accountant so they – and you- don’t go crazy.

In this article, we’ll review some of the most popular cloud accounting solutions that may be useful to healthcare startups. We’ll cover each of their unique selling propositions, most interesting features, and how much you can expect to pay for them a month.

Which one you choose may depend on a multitude of factors. If it’s just you, you may not need payroll services. If you’re working with an accountant or bookkeeper, you may want to pick something they’re familiar with. If you’re a freelancer, you’ll have to make sure the invoicing power of the software is strong.

Until you graduate to a full-time accountant and are rolling in the dough, your startup may not have the most intense financial needs, so we think some of these accounting solutions are worth checking out.

We’ll cover:

  • Wave
  • Freshbooks
  • Quickbooks
  • Kashoo
  • Less
  • Zoho
  • Xero

All but wave accounting have monthly fees. Just a head’s up.

So let’s get started….

Cloud Accounting Software Options

Wave Accounting

Unique Selling Proposition:

Free cloud accounting solution that covers the 80/20 you need to get your accounting done

Features:

  • Accounting and reports
  • Creating and sending invoices
  • Receipt scanning
  • Personal Finance
  • Payroll (additional fee)
  • Credit Card Acceptance (additional fee)

Price: Free. Advanced solutions incur additional monthly fees

 

FreshBooks

Unique Selling Proposition: 

Power invoicing and expense/resource tracking

Features:

  • Create and send invoices – physical and digital
  • Capture expenses
  • Track time
  • Reporting

Price: Starts at $9.95 a month

 

QuickBooks

Unique Selling Proposition:

The classic accounting software your accountant knows how to use in the cloud

Features:

  • Organize finances in one secure place
  • Create invoices & track sales anywhere
  • Sync your data across all your devices
  • Work with your accountant

Price: Starts at $12.95/month

 

Kashoo

Unique Selling Proposition:

Simple and complete double-entry cloud accounting solution

Features:

  • Easy collaboration with your accountant
  • Quick view dashboard
  • Mobile-compatible
  • Invoicing
  • Quick entry
  • Security
  • Expense tracking

Pricing: Starting at $5/month

 

Less Accounting

Unique Selling Proposition:

Stupid simple accounting for micro-businesses (less than $10M revenue/ 20 employees)

Features:

  • Record business expenses
  • Categorize expenses
  • Send invoices and get paid
  • See who owes you money
  • Bookkeeping reminders

Pricing: Starting at $20/month

 

ZoHo

Unique Selling Proposition:

Automated accounting with powerful reporting

Features:

  • Contact management
  • Project tracking
  • online payments
  • Invoicing
  • Inventory
  • Automatic bank feeds
  • mobile apps
  • POs
  • Collaborative client portal
  • Exhaustive reporting
  • Sales orders
  • Accounting and tax

Price: $24/month

Xero

Unique Selling Proposition:

Accounting software for small businesses with a focus on design

Features:

  • Invoicing
  • Mobile friendly
  • Unlimited users
  • Multi-currency
  • App integration
  • File attachment
  • POs
  • Expenses
  • Bill pay

Price: Starts at $9/month

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