The success of your trade business relies on how fast you’re able to move, catch opportunities when they arise and keep yourself afloat. When financial tasks become a burden, they can slow down your entire workflow. The best accounting software streamlines small business admin by;
- Offering insights into how you’re managing your money.
- Stay prepared for tax season without the last-minute rush.
- Reduce double-handling of data across different systems.
For trade businesses, accounting software alone may not be enough. While these platforms help with financial management, they do not cover critical aspects like job scheduling, quoting, and enquiry management. Combining accounting software with a job management system, such as Tradify, allows businesses to integrate invoicing, payments, and job tracking into a single workflow.
For the best tool for your small business, try Tradify free for 14 days!
Looking for the best accounting software for your trade? Check out:
Low on time? Skip ahead!
- Xero
- Quickbooks
- Sage
- MYOB
What makes the best accounting software
When running a trade business, you need accounting software that does more than just track numbers—it should make your life easier. The right software will save you time, help you stay on top of cash flow, and make sure your small business stays on the taxman's good side. Here are some key features to look for:
- Easy to use – You don’t need to be an accountant to manage your business finances. Look for software with a clear, user-friendly interface that makes invoicing, expense tracking, and bank reconciliation simple. Cloud-based platforms are ideal, as they let you check your accounts from anywhere.
- Integration – If you already use job management software like Tradify, choose accounting software that integrates with it. This way, your invoices, expenses, and financial reports sync automatically, reducing double-handling and admin time.
- Financial tracking – Keeping an eye on your cash flow is critical. Good accounting software will connect to your bank, track your income and expenses in real time, and give you a clear view of how your business is performing.
- Tax and VAT compliance – Tax time is stressful enough without having to dig through receipts and invoices. Software with built-in VAT tracking, digital tax filing, and automated reports makes it much easier to stay compliant.
- Scalability – Your business may be small now, but if you’re planning to grow, your software should grow with you. Choose a platform that allows you to add users, manage payroll, and generate more detailed financial reports as your business expands.
Founded in New Zealand, Xero has grown into a globally recognised cloud-based accounting solution, particularly popular in Australia, the UK, and North America. It is widely regarded for its intuitive interface, real-time financial tracking, and seamless integrations with job management tools like Tradify. Xero is a strong choice for small trade businesses looking for an easy-to-use system that simplifies invoicing, expense tracking, and tax compliance.
Key benefits for small trade business owners:
- Cloud-based access allows you to manage finances from any device, anywhere.
- Daily bank feeds provide real-time financial insights.
- Customisable invoicing and expense tracking make job costing easier.
- Integrates with Tradify for a seamless workflow between job management and accounting.
- Built-in VAT tracking and tax compliance tools support businesses in the UK, Australia, and other regions.
2. QuickBooks
QuickBooks is one of the most widely used accounting platforms, offering solutions for businesses in the UK, US, Canada, and Australia. Known for its financial tracking, tax compliance features, and strong payroll support, QuickBooks is a solid option for trade businesses that need more than just basic bookkeeping.
Key benefits for small trade business owners:
- Automated invoicing, bank reconciliation, and expense tracking.
- Payroll management and VAT compliance tools.
- Customisable financial reports.
- Mobile app access lets you update invoices and check accounts on the go.
- Strong support network with extensive resources for small business owners.
3. Sage
Sage, a UK-based software company, has been a trusted name in accounting for decades. Its cloud-based platform is designed for small businesses needing in-depth financial reporting and compliance tools. It’s a particularly good fit for businesses that require advanced tracking of costs, invoices, and inventory.
Key benefits for small trade business owners:
- Advanced financial reporting helps track profitability acnd job costs
- Automated VAT submissions simplify tax compliance in the UK
- Cloud-based system allows for remote access to financial data
- Scalable solutions mean businesses can upgrade as they grow
- Integrates with other business tools, including inventory and payroll systems
4. MYOB
MYOB is a leading accounting software provider in Australia and New Zealand, offering a comprehensive solution for businesses that need accounting, payroll, and tax compliance tools in one platform. It is particularly well-suited for trade businesses that handle inventory, manage subcontractors, or operate in multiple currencies.
Key benefits for small trade business owners:
- All-in-one solution for accounting, payroll, and tax compliance
- Built-in inventory management helps track materials and stock
- Customisable invoices and automated payment reminders improve cash flow
- Multi-currency support is ideal for businesses working internationally
- Designed to handle tax obligations specific to Australia and New Zealand
Tradify is a job management app used by thousands of tradespeople building better lives and businesses all over the world. It gives you all the features needed to manage and grow a successful trade business, including:
Start your 14-day free trial today. No credit card required. No pressure. Or take a look at Tradify in action during one of our weekly 30-min live walkthroughs.