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Working in the resale industry can be such a rush! Finding the perfect piece that you know you’ll be able to turn a profit on is a feeling like no other.
When you do make that profit though, it’s crucial to be able to have the right accounting software waiting in the wings so you’ll be able to document sales, send invoices, and ensure your business is remaining sales tax compliant.
We have compiled a list of the best accounting software for resellers. Check it out to know the right one for you.
Upfront Conclusion
The best accounting software for resellers right now is Sage Accounting and QuickBooks.
Top 10 Best Accounting Software Options for Resellers
Brand | Starting price | Best for |
---|---|---|
1. Sage Accounting | $10 – $25/month | Small business |
2. Quickbooks Online | $7.50 – $90/month | Gaining an in-depth picture |
3. Xero | $20 – $65/month | More established reseller |
4. Wave | Free – $20/month | Customizable accounting |
5. Zoho Books | Free – $60/month | eBay reseller |
6. Freshbooks | $6 – $20/month | Smaller reseller |
7. GoDaddy Essentials Plan | $7.99/month | Amazon reseller |
8. Kashoo | $0 – $30/month | Simple accounting |
9. PawnSnap | $79/month | Pawn shop owners |
10. WorkingPoint | $9 – $19/month | Beginner |
1. Sage Accounting – Best for the small business
PRICING: 2 plan options, billed monthly
- Accounting Start – $10.00
- Accounting Accounting – $25.00
Sage Accounting is made for small businesses. It gives you all of the features that your business needs, and nothing that you don’t. It allows you to quickly create and send invoices and also track what you may be owed. You’re also able to use automatic bank reconciliation, along with snapping and posting receipts.
KEY FEATURES:
- Incredible customer service availability
- Perfect for almost any industry
- Easily import your current data from Excel
REASONS TO BUY:
- Integrated with Stripe
- See changes real time
- Easily automate admin tasks to save time
REASONS TO AVOID:
- Not the right fit for larger resale businesses
2. Quickbooks Online – Best for gaining an in-depth picture
PRICING: 5 plan options, billed monthly
- Self Employed – $7.50
- Simple Start – $12.50
- Essentials – $25.00
- Plus – $40.00
- Advanced – $90.00
Whether you’re an established reseller or just getting started in the business, there are five plans to choose from with Quickbooks Online so you’re sure to find the best fit for your business. Some of the most vital features Quickbooks includes are tracking income and expenses, running reports, receipt management, and assistance with estimating quarterly taxes.
KEY FEATURES:
- Managing income, expenses, and invoices
- Sales Tax compliance and tax assistance
- Reports that are easy to access
REASONS TO BUY:
- Integration with countless other types of software
- Great for larger businesses with a larger workforce
- Assistance with inventory tracking
REASONS TO AVOID:
- Customer service and support can be lacking
3. Xero – Best for the more established reseller
PRICING: Three plan options, billed monthly
- Early – $12.00
- Growing – $34.00
- Established – $65.00
Xero has a different take on their pricing tiers since they try to follow the growth of your business. As a reseller, this can be extremely helpful since it can provide you with an affordable option that doesn’t give you more features than you need.
KEY FEATURES:
- Allows you to track projects, send invoices, and accept payments
- Includes bank reconciliation with the Growing and Established plans
- Offers payroll integration with Gusto as your workforce grows
REASONS TO BUY:
- Integrates with Office 360 and Gmail
- Fast and easy reporting with unlimited users
- Offers invoice reminders that can be automated
REASONS TO AVOID:
- The Early plan is very limited. The number of quotes, invoices, and bills that you can send is minimal within this plan.
4. Wave – Best for customizable accounting
PRICING: Three plan options
- Free
- Pay-Per-Use – Starting at 1% per transaction
- Monthly – Starting at $20.00
Wave allows you to track everything in your business relating to accounting, from bookkeeping to banking tools. This software can also be more quickly and easily tailored since the services they offer can be used apart from each other. Their free accounting and invoicing software includes most features that you may be looking for.
KEY FEATURES:
- Income and expense tracking
- Unlimited account admins and users
- Send unlimited invoices
REASONS TO BUY:
- Perfect for easily organizing your business expenses
- Run multiple businesses on one main account
- Keep invoices and accounting details together
REASONS TO AVOID:
- Email-only customer support may not provide the assistance you need
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5. Zoho Books – Best for the eBay reseller
PRICING: Four plan options, billed monthly or annually
- Free
- Standard – $15.00
- Professional – $40.00
- Premium – $60.00
Looking for software that integrates seamlessly with platforms like eBay? Zoho Books is the answer. It offers plenty of ways to automate your accounting in order to help you save time, as well as provides Monday-Friday 24 hour customer support.
KEY FEATURES:
- Simple to run and interpret reports
- Standard billing and invoicing services
- Focus on tax compliance
REASONS TO BUY:
- Multiple integrations with common apps such as Google Suite, Stripe, Office 365, and Tax 1099
- Zoho Books has several layers of security to keep your client’s information safely secured
- Easily import existing data for a quick set-up
REASONS TO AVOID:
- Something to keep in mind is that multiple currency support is only available through the Professional and Premium plans
6. FreshBooks – Best for the smaller reseller
PRICING: 4 plan options, billed monthly
- Lite – $6.00
- Plus – $10.00
- Premium – $20.00
- Select Custom Pricing
Focused on serving small business owners, FreshBooks is a perfect choice for if reselling is your side hustle or if you have just a few employees. With a searchable database and user-friendly dashboard to help answer any questions that come up, this software also offers a free 30-day trial to make sure it’s the right choice for your business.
KEY FEATURES:
- Track time, expenses, and invoices
- Automate billing
- Send reminders and charge late fees
REASONS TO BUY:
- Easily understandable reports
- Several customer support channels to assist you
- Integrates with Google Suite, Shopify, Stripe, and more
REASONS TO AVOID:
- Not necessarily the right choice for larger companies
7. GoDaddy Essentials Plan – Best for the Amazon reseller
PRICING: 1 plan option, billed monthly
- Essentials – $7.99
If you are a reseller through websites like Amazon and PayPal, it might feel overwhelming thinking about all of the accounting data points that you may need to import in order to have a complete overview of what is going on with your business. With the GoDaddy Essentials Plan, all of that data can be imported seamlessly, along with information from your bank.
KEY FEATURES:
- Imports data from multiple well know websites
- There’s no data entry required to use the Essentials Plan
- Easily and simply pull reports
REASONS TO BUY:
- Helps keep you prepared for tax season
- Allows cash transactions to be logged
- Perfect for smaller businesses
REASONS TO AVOID:
- Not an ideal fit for larger companies
8. Kashoo – Best for simple accounting
PRICING: 3 plan options, billed monthly
- TrulySmall Invoices – $0.00
- TrulySmall Accounting – $20.00
- Kashoo – $30.00
Kashoo offers three plans to help meet your business’s needs. The first is a free invoicing tool that allows you to send invoices and accept payments. The second is focused on accounting to help you run your small business, track income, expenses, and taxes. The final plan is a fully developed accounting solution for large businesses.
KEY FEATURES:
- Designed for multiple users with different levels of access
- Ability for more customization that other software mentioned
- Mobile app which can be used for scanning receipts and entering expenses
REASONS TO BUY:
- Simple and effective invoicing
- Great customer support
- Reports tracked in real time
REASONS TO AVOID:
- The user interface can be challenging to work with
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9. PawnSnap – Best for Pawn Shop Owners
PRICING: 1 plan option, billed monthly
- $79.00
While this software isn’t for every business, it could be extremely beneficial to pawn shop or antique store owners. PawnSnap allows you to have all of the basic accounting functions that many accounting software offers, while also giving the functionality of offering pawns, layaways, and check cashing.
KEY FEATURES:
- Allows for inventory management and tracking
- Offers basic accounting functions
- eCommerce management
REASONS TO BUY:
- Specialized application
- Includes Drivers License scanning
- Employee time clocks have been folded in to this interface
REASONS TO AVOID:
- Specialized for pawn shops, so the software may not fit your needs
10. WorkingPoint – Best for the beginner
PRICING: 2 plan options, billed monthly or yearly
- Lightning – $9.00
- Thunderstorm – $19.00
Easily manage your accounting details with the help of WorkingPoint. This simple software will help ensure that your business is running smoothly, and that nothing is forgotten. WorkingPoint makes double-entry accounting easy to manage.
KEY FEATURES:
- Basic and simple to use interface
- Easily balance your books with features like Key Financial Reports
- Fully customize and categorize expenses
REASONS TO BUY:
- Simple and intuitive accounting suite
- Integrates online accounting and online invoicing smoothly
- Made for business owners, not accountants
REASONS TO AVOID:
- It could be too simplistic for your needs
Frequently Asked Questions
Do any of these software recommendations integrate with eBay or Amazon?
Absolutely! Zoho Books integrates with eBay and GoDaddy Essentials Plan integrates with Amazon, as well as other platforms.
Zoho Books allows you to run and pull simple reports, offers streamlined billing and invoicing services, and has a focus on keeping your business tax compliant. The GoDaddy Essentials Plan can import your existing data from websites that you may resell through.
References/Sources:
- https://quickbooks.intuit.com/pricing/
- https://www.xero.com/us/
- https://www.xero.com/blog/2016/05/top-5-reasons-small-businesses-use-xero/
- https://www.waveapps.com/pricing
- https://www.zoho.com/us/books/?zmc=zoho-fa&ireft=ohome
- https://www.zoho.com/us/books/what-is-zoho-books/
- https://www.zoho.com/us/books/contact-support.html
- https://www.freshbooks.com/accounting-software/
- https://www.godaddy.com/email/online-bookkeeping
- https://kashoo.com/pricing/
- https://www.snapsoftware.com/index.php/features
- https://www.sage.com/en-gb/sage-business-cloud/accounting/
- https://www.sage.com/en-us/sage-business-cloud/accounting/industry/finance/
- https://www.workingpoint.com/features/accounting