As a small business owner, you know how hard it can be to balance the books while also running operations. Budgeting, invoices, and forecasting can all quickly become chores. Luckily, there are many different programs that can help ease and speed up these tasks.

To help you find the best budgeting software for your small business, we have compiled a list of the 15 best small business budgeting software programs available in 2021. We have also included the pros, cons, and pricing options of each so you can find the software that best fits your, and your business’s, needs.

Top 15 Best Small Business Budgeting Software

  1. Microsoft Excel – Best Budgeting Software for DIY
  2. QuickBooks – Best Budgeting Software for All-In-One
  3. FreshBooks – Best Budgeting Software for Freelancers and Solo Entrepreneurs
  4. Workday Adaptive Planning – Best Budgeting Software for Finance Departments
  5. Budgyt – Best Budgeting Software for Connecting Multiple Departments
  6. Cube – Best Budgeting Software for Fast Growing Firms
  7. Xero – Best Budgeting Software for Scalability
  8. Centage – Best Budgeting Software for Accounting Departments
  9. Planguru – Best Budgeting Software for Mid-Size Businesses
  10. Scoro – Best Budgeting Software for Agencies and Consultants
  11. Tidemark – Best Budgeting Software for Flexibility
  12. Float – Best Budgeting Software for Project Management
  13. Tagetik – Best Budgeting Software for Managers
  14. Coupa – Best Budgeting Software for Supply Chain Management
  15. Gide– Best Budgeting Software for Startups

#1. Microsoft Excel – Best Budgeting Software for DIY

Pricing: One-month free trial then prices start at $5.99 per month

If you want full control, want to budget yourself, and are very price focused, Microsoft Excel is for you. Excel is extremely versatile, has a large amount of content and algorithms built in, supports thousands of add-ons, and has a large online community that create templates, how-to guides, and can answer questions. A unique perk is that purchasing excel also gives you access to the full Microsoft Office Suite including Microsoft Word (word processor), Microsoft Outlook (email software), and Microsoft PowerPoint (presentation creator).

ProsCons
Low CostVery Bare Bones When Compared to Other Software Options
Extremely VersatileLimited Integrations Options
Large Community and Many ResourcesHave to Create all Forms, Invoices, Formulas, etc. Yourself (No Built-In Templates)
Access to Full Microsoft Office Suite

#2. QuickBooks- Best Budgeting Software for All-In-One

Pricing: 30-day free trial then starts at $15 per month for freelancers/single employees or $25 per month for small business

QuickBooks is the one stop shop for an all-in-one software. The basic package includes receipt and milage tracker, cash flow management, invoicing, creating estimates, sales tax tracker, 1099 creation and support, and the ability to accept payments. Upgraded packages include features such as additional reporting options, bill pay, inventory tracker, advanced business analytics, and process automation. Additionally, for only a one-time fee of $50, a live QuickBooks bookkeeper will assist you with setting up the software and answer questions.

ProsCons
All-In-One SoftwareNot All Options Available at All Price Tiers
Ability to Automate TasksBase Package has Very Limited Options
Advanced Business Analytics and MetricsLow Rated Customer Support
Mobile AppSome Features have Limited Functionality and Integration

#3. FreshBooks – The Best Budgeting Software For Freelancers and Solo Entrepreneurs

Pricing: 30-day free trial then plans start at $15 per month or $130.50 per year

FreshBooks is an accounting and budgeting software that is made for freelancers, solo entrepreneurs, and very small businesses. Their pricing tiers are based on the number of clients with the bottom only allowing 5 billable clients to the top tier having an unlimited amount. FreshBooks’ software offers reporting options such as bank and income statements, business health monitoring, and profit projections while also offering accounting functions such as budgeting, invoice creation, tax reports, and the ability to accept payments.

ProsCons
Simple and Fast Invoice CreationNo Quarterly Tax Estimates
Mobile AppNot Very Scalable
Milage and Time Tracking in all TiersLimits Number of Users and Clients
Highly Rated Customer SupportLowest Tier Plan Lacks Many Basic Functions (ex. Bank Account Reconciliation and Accountant/Bookkeeper Access)

#4. Workday Adaptive Planning – Best Budgeting Software for Finance Departments

Pricing: Contact for prices and options

If you are looking for a software that focuses solely on budgeting, forecasting, and is made specifically for finance departments, then Workday Active Planning is for you. Workday Active Planning is very easy to use, scales well with your business, and provides industry leading planning and forecasting tools. But it does sacrifice some of the tools that other software offers such as inventory management, invoicing, and outside integrations.

ProsCons
Easy to UseLonger than Average Set Up and Implementation Process
Works Well in BrowserLimited Business Analytic Reporting Options
Industry Leading Forecasting ToolsWorking with Multiple Currencies Can be Clunky
Also Includes Some HR ToolsLimited Training Resources

#5. Budgyt – Best Budgeting Software for Connecting Multiple Departments

Pricing – Plans start at $199 per month, additionally there is a $1,500 set up fee in the first year

Budgyt is a top-of-the-line P/L budgeting tool that is fast, easy to use, offers the same features at every price tier. While Budgyt’s high price may dissuade some, this fully web-based tool offers fast set-up and implementation, streamlined API connections, highly rated 24/7 support, live training, and full integration across multiple departments with an unlimited number of users for no extra cost.

ProsCons
Fast, Easy Set Up and IntegrationNo App or Mobile Site
Highly Rated Budgeting and Forecasting ToolsHigh Monthly Price
Highly Rated Customer SupportNot All Features Live Yet (Still a Work in Progress)
All Features Offered at Every Price Tier

#6. Cube – Best Budgeting Software for Fast Growing Firms

Pricing – $850 per month but discounts are available if you have less than 50 employees

Cube is an extremely powerful budgeting, reporting, forecasting, and analysis tool. You can connect Cube to your existing CRM, HR, sales, and payroll software using their extensive list of integrations. Cube has been consistently praised for its speed, ease to use, real time planning, extensive reports and templates, and data aggregation. While Cube has some impressive features, it is still a fairly new startup, and its best days are still ahead.

ProsCons
Real Time Reporting and BudgetingHigh Monthly Price
Lightning-Fast Processing SpeedLimited Features Relative to Other Software Packages
Large Number of Possible IntegrationsStill a New Startup so Growing Pains Can Occur
Unique Data Aggregation Algorithm

#7. Xero – Best Budgeting Software For Scalability

Pricing – 30-day free trial then plans start at $12 per month

Xero is accounting software built specifically for small business. Xero lets you manage everything from fixed assets, sales, bills, inventory, invoices, and, for an additional $39 per month, you can add on payroll to your plan. Despite its perks, Xero still falls short in its financial planning and cash flow projection ability when compared to similar software packages. Also, not all functionalities are available at all price tiers.

ProsCons
Unlimited Number of UsersNot All Functionalities Available in All Plans
Quotes, Invoices, and Accept PaymentsLowest Price Plan Limits Invoices and Bills
Double-Entry AccountingCash Flow Projections Lacking
Payment and Bill Pay RemindersNo Phone Customer Service, Online Only

#8. Centage – Best Budgeting Software for Accounting Departments

Pricing – Contact for price quotes

Centage is financial software built to make the tools traditionally only available to large corporations, available to small businesses. It mostly accomplishes through its powerful “what if” tool that runs potential future scenarios to predict firm budgets, profits, and workflow. A unique feature of Centage is that it guarantees that its calculations and generated reports are GAAP compliant, but some have stated this makes Centage inaccessible to anyone without a financial background.

ProsCons
“What if” Scenario toolUnintuitive UI
Guaranteed GAAP ComplianceLimited Reporting Options
Fast IntegrationLackluster Customer Support

Poor Online Training

#9. Planguru – Best Budgeting Software for Mid-Size Business

Pricing – 30-day trial then $99 per month or $899 per year

Planguru does what you need in the way you want to do it. Planguru offers a robust budgeting software with fully customizable dashboards, an excel add-on for reporting, and impressive business health analytics and cash flow projections. The main goals of Planguru are to analyze, project, and reconcile cash flow and, while it does this very well, it does not offer much of the other all-in-one options that many of the other software packages on this list do.

ProsCons
Generate Income Statement, Balance Sheet, and Statement of Cash Flows at any timeNo Inventory Management
Forecast Cash Flows up to 10 YearsDesktop App does not Offer All Features Compared to Website
Good Online TrainingReporting Tool Lacks Flexibility
Unlimited Number of Users and ProjectsStruggles with Multi-Currency Transactions/Projections/Budgets

#10. Scoro – The Best Budgeting Software for Agencies and Consultants

Pricing – Prices start at $28 per month per user (minimum 5 users)

Scoro handles all levels of project management from planning, budgeting, timing, to the finished project. This software was built with consulting and agency firms in mind with its included CRM application, marketing, and business automation capabilities. But not all of these capabilities are available at all price tiers. The lowest package (named “essential”) is very barebones, and you truly need the top package (Named “Pro”, $63 per user per month with 5 users minimum) to experience the majority of what Scoro has to offer.

ProsCons
30-Day Free TrialLowest Price Tier Has Very Few Features
All-In-One Applications (CRM, Marketing, Etc.)Unintuitive Project Tracking UI
Top-Of-The-Line Project ManagementData Import Requires Some Manual Work
High Number of Tasks that can be AutomatedCRM Application is Lacking

#11. Tidemark – Best Budgeting Software for Flexibility

Pricing – Contact for pricing

Unlike other software packages that require you to fit your business in to their programs, Tidemark customizes each package to fit your business and your needs. After inquiring about the software, a Tidemark representative will reach out to tailor your package and discuss pricing and what features you need including reporting, workflow management, scalability, and financial modeling capabilities. The downside of Tidemark is that is lacks many of the “all-in-one” features, including custom reports, ad hoc analysis, and multi-currency capabilities, that other software packages have and may best be used in conjunction with another accounting software.

ProsCons
Customizable PlansNo Pricing Information
Payroll and Tax PlanningLacking Many Features
Can Run Reports by Branch or LocationNo Custom Reporting

Limited Integration Capabilities

#12. Float – Best Budgeting Software for Project Management

Pricing – 30 Day Free Trial then $6 per user per month

Float is a budgeting and management tool meant for HR professionals and day-to-day management. On top of its budgeting and financial planning functions, Float also has applications for personal management including work hours scheduling, time off, and holidays. On top of that, Float also integrates with many enterprise software applications, including Slack, Google Calendar, and Outlook.

ProsCons
Large Number of IntegrationsHigh Bandwidth Requirements
Mobile AppOverall Financial Applications are Weak
Can Request New API or Integration Set UpsSome UI Features are Lacking or Unintuitive
30 Day Free TrialVery Few Customization Options

#13. Tagetik – Best Budgeting Software for Managers

Pricing – Contact for Pricing

Tagetik is a financial software built to unify and consolidate the operations of your business. This app empowers you to make decisions that are backed by real time number and analytics. Tagetik has applications that support budgeting, financial planning and projections, profitability tracker, and integrations with Microsoft Office. All of this does come at the price of some UI issues and some overly complex pathways and options.

ProsCons
Microsoft Office IntegrationComplex UI
Highly Rated Customer SupportSome Features are Unintuitive
View, Edit, and Project Data in Real TimeNo Up-Front Pricing
Highly CustomizableOnline Training and Implementation Documents are not up to par

#14. Coupa – Best Budgeting Software for Supply Chain Management

Pricing – Contact for Pricing

Coupa connects your business, your employees, your customers, and your suppliers under one program. This is accomplished through Coupa’s procurement, automatic payment, invoicing, and contract management functions. Coupa’s primary focus is to track cash flow, most specifically cash outflow and business expenses, and this comes at the expense of traditional accounting or budgeting capabilities. Some budgeting functions are present, but they are obviously not Coupa’s primary focus.

ProsCons
Industry Leading Supply Chain ManagementNo Upfront Pricing
Automate Payments and InvoicesNo Budgeting Functions
Manage Suppliers and InvoicesNo Streamlined Implementation Process
Mobile AppClunky UI

#15. Gide – Best Budgeting Software for Startups

Pricing – Plans start at a $34 onetime charge

Gide uses the spreadsheet model that Microsoft Excel has pioneered and takes it to the next level. This app was made with Excel users in mind who wanted more packages from their spreadsheet app. Gide functions near identical to Excel in terms of spreadsheets, formulas, and functions, but it adds on built in models, reports, analytics, and projection functions. While all of this is possible in Excel, the perk of Gide is that everything is already built in, sharable, collaborative across your business, and customizable. Gide also offers additional features such as audit trails, ad hoc reporting, cash management, and built-in business analytics.

ProsCons
Low One Time PriceAll GIDE features can be done in Excel
Intuitive UI for those Familiar with ExcelOnline Training is Lacking
Fully Adaptable and CustomizableNo Live Customer Support
Easily Model and Report in Multiple Currencies

Frequently Asked Questions

Does my business need a budgeting software?

No, a budgeting software is not required to run every business. But budgeting software packages do help with collaboration, taxes, reporting forecasting, planning, and scalability. A budgeting software should be thought of as a helpful tool, but not a necessity.

How do I find the best budgeting software for my business?

The best budgeting software for your business will meet your needs, be at a good price point, and has most of the functionalities that you need.

How long does it take to implement a new budgeting software into my business?

That depends heavily on both the tool and your business. Some business owners report implementations to only take a few weeks while others say it takes a few months. The industry standard for small business implementation is 60 to 90 days.

Are there free budgeting software packages?

Yes, there are free applications with most being spreadsheet based. We chose not to include them in this article as most free options were not as robust as the software packages on this list.

Are there any advantages to using a cloud-based budgeting software?

The main advantage to a cloud-based software is that it is available anywhere, anytime, and with no download required. This can be great for on-the-go and out of office work and budgeting. The drawback is that many cloud-based software packages require internet connection, so offline work is impossible.