Combined CRM and accounting software is a type of software that combines both customer relationship management (CRM) and accounting functions in a single platform.
With this software, small businesses can manage their customer interactions, sales processes, invoicing, payments, and financial reporting all in one place.
This software is particularly useful for small businesses that want to streamline their operations and eliminate the need to use separate software applications for CRM and accounting tasks.
By having both functions in one platform, small businesses can save time and reduce errors associated with transferring data between different software applications. It also gives small businesses a more holistic view of their customers and financials, allowing for better decision-making and improved customer relationships.
Let’s look at the main reasons why a small business benefits from using combined software solutions:
- Accurate financial data: By combining CRM and accounting software, small businesses can ensure that their financial data is accurate and up-to-date. This eliminates the need for manual data entry and reduces the likelihood of errors.
- Better customer insights: With combined CRM and accounting software, small businesses can get a complete view of their customers, including their financial history and purchasing behavior. This can help them tailor their marketing and sales efforts to meet their customers’ needs better.
- Improved billing and payment processing: Small businesses can streamline their billing and payment processing with a combined CRM and accounting system. This means invoices can be automatically generated and sent to customers, and payments can be processed more efficiently.
- Time savings: Small businesses can save time and be more productive by eliminating the need to switch between different software programs. This is especially true regarding tasks like data entry, reporting, and customer management.
- Enhanced reporting: A combined CRM and accounting system provides small businesses with more comprehensive reporting capabilities. This allows them to track their financial performance, analyze customer behavior, and make more informed decisions about their operations.
Some of the best options for small businesses are:
- Kashoo: Kashoo is a cloud-based accounting software offering invoicing, expense tracking, and bank reconciliation features. It also includes basic CRM functionality, such as contact management and lead tracking. It also includes basic CRM functionality, such as contact management and lead tracking. There is a free trial, and monthly plans start at $16.65.
- MYOB: MYOB is a desktop and cloud-based accounting software with CRM functionality. Small businesses can use it to manage customer data, track leads, and create custom sales forms. MYOB offers a free trial and plans starting at $10 per month.
- Zoho CRM: Zoho CRM is a cloud-based customer relationship management software with basic accounting functionality. It can be used to manage customer data, track leads, create custom sales forms, track expenses, and generate invoices. Zoho CRM does have a free trial, and paid plans start at $14 per user per month.
- HubSpot CRM: HubSpot CRM is a free cloud-based customer relationship management software with basic accounting functionality. It is useful for managing customer data, tracking leads, and creating custom sales forms. They offer paid add-ons for additional functionality.
- Odoo: Odoo is an open-source cloud-based business software offering accounting, inventory management, and customer relationship management features. Small businesses can manage customer data, track leads, and create custom sales forms. Odoo offers a free trial, and prices start at $30 per user per month.
- Sage Business Cloud Accounting: Sage Business Cloud Accounting is a cloud-based accounting software with basic CRM functionality. It can help small businesses to manage customer data, create custom sales forms, track new leads, manage finances, and generate invoices. Sage Business Cloud Accounting offers a free trial, and plans start from just $10 per month.
- QuickBooks Online: QuickBooks Online is a popular accounting software that includes CRM functionality. It is useful for managing customer data, tracking leads, and more. QuickBooks Online offers a free trial, and their paid plans start at $25 per month.
- Xero: Xero is a cloud-based accounting software that offers a range of features, including invoicing, expense tracking, and inventory management. It also includes basic CRM functionality, such as contact management and lead tracking. There is a free trial, and monthly plans start at $11.
- Sage 50cloud: Sage 50cloud is a desktop accounting software that offers features like invoicing, inventory management, and project tracking. Built-in CRM functionality also allows businesses to manage customer data and track leads. Small businesses can benefit from a free trial, while paid plans begin at $50 per month.
- FreshBooks: FreshBooks is a cloud-based accounting software that includes basic CRM functionality. Businesses can use it to streamline all their customer, sales, marketing, and accounting processes. A free trial is available, and monthly plans begin at $15.
- Wave: Wave is a free accounting software that includes basic CRM functionality, and small businesses find it useful to help them manage their customer processes. Wave accounting software is free and offers paid add-ons for features like payment processing and payroll.
- LessAccounting: LessAccounting is a cloud-based accounting software that includes basic CRM functionality. It allows businesses to manage customer data, track leads, and create custom sales forms. LessAccounting has a free trial period, and monthly plans start at $20.
In summary, combined CRM/accounting software can help small businesses to streamline their operations, reduce errors, and improve their overall efficiency.
It also gives small businesses better insights into their customers and financial performance, which can help them make more informed decisions.
