Top 5 Cloud Accounting Software Applications / Next Generation Small Business Accounting Software / Monchilla, Intacct, FinancialForce, Freshbooks, Quickbooks Online

Glenn Tyndall for About.com writes:  The future of small business software is in cloud computing, and this fact is no different for small business accounting software. Dan Wernikoff, senior vice president and general manager of Intuit’s Financial Management Solutions division, said that QuickBooks Online products are growing at a rate of 28% per year, according to an August 2012 press release from Intuit. Given the rising popularity of cloud computing applications, we have identified the top 5 small business accounting software programs for you.
 
#5 Monchilla
Monchilla is a online accounting software that lets you track revenues, expenses, and payroll. Monchilla lets you estimate your revenue and expenses by entering recurring invoices and estimates, which is its defining feature that makes it different than other small business accounting software applications. Monchilla does not come with a lot of other features and capabilities, so it is probably a good choice for freelances, independent contractors, or small service-based businesses with limited accounting needs.
  
#4 Intacct 
Intacct has a suite of financial management applications for various accounting functions, including inventory management, vendor management, and financial reporting. Intacct has more than 7,000 customers and does offer a free trial for new users so they can try the software before they use it. Intacct also lets you customize your dashboard so you can quickly access information and reports that you need on a daily basis to help save you time.

#3 FinancialForce.com
FinancialForce.com is a sister software developed by the makers of SalesForce.com. FinancialForce.com is a full-fledged accounting software application, but it is designed to be integrated with the sales and customer management features of SalesForce.com. Small business owners who are in saes-oriented business, the ability to integrate their accounting and customer management software seamlessly may be of interest.

#2 Freshbooks
Freshbooks includes accounting software modules for tracking revenues, expenses, accounts receivable, accounts payable, and employee hours. FreshBooks is not as popular as QuickBooks Online, but it does have more than 5 million users, including more than 1,500 professional accountants.  FreshBooks is a good choice for small business owners who are on the go and want to access their accounting software on their mobile devices because FreshBooks comes with mobile applications for Apple iOS as well as other smart phone and table operating systems.

#1 QuickBooks Online 
QuickBooks Online is perhaps the leader in the small business cloud accounting software marketplace. You probably are not surprised by that as a small business owner since you have probably found that QuickBooks products tend to dominate the small business accounting software market. As with the traditional desktop versions, QuickBooks Online is easy-to-use and has same look and feel as the other versions of QuickBooks. If you have used any QuickBooks product, then the transition to this QuickBooks Online should be an easy one because you will only be accessing the software on a different platform – that is, an online one.