Tools of the Trade: Accounting Software

Welcome to Tools of the Trade, a semi-regular column dedicated to providing our business-minded readers with a range of tools, whether it be software, frameworks, philosophies, or even literal tools, that provide some measure of value to any profession.

This week we’ll be looking at software to use for your accounting purposes. Now that we’re back in MECQ (modified enhanced community quarantine), it’s time to fully digitize different aspects of your business, including accounting. Here are some tools you can easily utilize and integrate towards that end.

Due

As far as invoicing solutions go, Due is one of the highest rated albeit newer entrants into the market. For up and coming B2Bs, it’s also free if you only send out three invoices a year. For paid subscriptions, $49 is pretty cheap as well.

Quickbooks Online

One of the most recommended solutions, Quickbook by Intuit is about as complete an accounting package as you can get, with plans for under $5 per month. Premium options take care of invoicing, bill payments, and other modalities.

Yendo

Yendo is perfect for budding entrepreneurs who also handle their own sales. Yendo offers both customer relationship management (CRM) alongside its bookkeeping services. At $19 per month, it handles two critical aspects of your digital business.

These three options are some of many out there, but given current market situations and the majority of startups out there, we believe these may be best suited for Filipino entrepreneurs. Accounting is a critical component of any startup, and shouldn’t be overlooked.