When running a small business, technology is at the centre of everything you do. Small business software improves efficiency, accuracy, and removes the need for manual tasks that prevent you from growing your business. The types of software you need will vary from business to business, but the common theme is efficiency.
When budgets are tight, it’s tempting to shy away from software for small businesses because of the cost. It seems cheaper to do everything manually, but the reality is, the extra time spent on manual tasks also has a financial implication. As a business owner, you should spend time on the things that grow your business, such as strategy, marketing and providing exceptional service.
With that in mind, here are the top 6 pieces of business software to make your life easier, and your business more profitable.
Point of Sale (POS) software is crucial for any business, but is especially crucial in a retail or hospitality environment. However, you should look for solutions that are just as beneficial for online or phone transactions. With great POS software, you can connect the front-of-house with back-of-house seamlessly, make transactions easy, and monitor sales throughout the day.
The best POS solution on the market is Square POS, because it’s packed with features while still being simple to set up and use. Where many POS systems are clunky and complex to operate, Square makes it simple to sell wherever your customers are. Perhaps best of all, you don’t need any expensive software to get up and running. Square POS works on smartphones and tablets, meaning you can accept transactions no matter where you are.
There are several key features that make Square POS the perfect solution for all types of business:
Powerful, free sales analytics
Easy to add locations, devices, team members and more
Integrates with third-party software like MYOB and Xero
Accept payments remotely or over the phone
Add a synced online store without the need for coding
No long term contracts or account fees
Payment encryption and loads of security features
Customise items at point of sale(Video) Top Accounting Software for Small Business 2022
The list is endless, and did we mention it’s incredibly easy to use? Square POS is the ultimate small business management software, with the ability to add other features with ease.
Get Started with Square Point of Sale.
Point-of-sale software designed to grow with you.
There are a couple of big players when it comes to accounting software, so we’ll discuss them both here. While there are plenty of others out there, the most comprehensive small business software solutions are Xero and MYOB. Keeping track of your accounts is essential, but it’s something a lot of small businesses don’t invest time and money into. When it comes to tax time, you’ll be glad you’ve used one of these tools to track your finances through the year.
Xero is cloud-based, and specifically aimed at small businesses. What does that mean? Well, mostly, it means Xero tries to pack all of the necessary features in, without making it too complicated to use. Some accounting programs out there are a nightmare to wrap your head around, so if you’re a small business owner and not an accountant, Xero is a simple option.
With Xero, you can track sales, monitor cash flow, and keep on top of your accounts all year round, but especially at tax time. Key features include:
Easy to use
Starter plan available – cost-effective or small businesses
Real-time cash flow monitoring
Generate reports any time of month
Accept online payments
Use multiple currencies
Strong security protocols(Video) Which one is the best small business software for 2022?
Automated invoice reminders
Unlimited tech support
For something you can set up and start using quickly and easily, Xero is the perfect choice for you.
MYOB is another big player in the accounting software world, and like Xero, it also works online. It’s an Australian company, which is great because any updates to tax and accounting legislation are automatically picked up. Having said that, it’s a little more complex than Xero, but with complexity comes greater control and flexibility, which is why so many accountants use it themselves.
Key features include:
Quotes, invoicing and statements
Accept payment online
Track and pay expenses
Calculate and track GST
Multiple plans to suit your business
So, if you want something a little more in-depth for your accounting software, MYOB is the one for you.
So much of today’s business takes place online. eCommerce was huge before the Covid-19 pandemic, but since then it has boomed even further. Many businesses operate purely online, while others use it as another way to reach customers, outside of their brick-and-mortar retail environment. But of course, to do eCommerce well, you need great software.
If you’re looking for the ultimate eCommerce software, look no further than Square Online. There are other ways to create an online retail store, however Square Online offers flexibility, scalability and business connectivity across all types of businesses, including retail, hospitality and so much more.
Like all Square products, Square Online is easy to set up, making it an attractive proposition for business owners who are time-poor. Essentially, it allows you to set up your website as an eCommerce store and integrate it with other business systems. Connect to Square POS, and instantly import your item catalog and track sales.
Key features include:
Plans start at $0 per month with a 2.2% transaction fee
Easy to set up
Facebook and Instagram integration
Accept all payment types
Sync with Square POS for item integration
Inbuilt SEO tools to reach more customers
Local delivery options
Square Online works great as a standalone eCommerce solution, but is even better when paired with other Square products to create a fully integrated sales and small business management network.
Project management software
Workplaces have changed dramatically since early 2020, with more people working from home or remotely. This has created a need for smart, intuitive and effective project management software. Even if you’re starting a new business, you need reliable software to keep track of all your tasks and projects.
One of the world’s most popular project management tools is Trello. This handy tool lets you create different projects, and add easy-to-use cards for each task within a project. These cards have all the relevant information, including attachments, links, due dates and comments. Best of all, the cards can be assigned to people as needed, and moved to different stages of the project when completed.
There are plenty of key features to enjoy:
Drag and drop editing
Labelling, tags and comments(Video) BEST Small Business Accounting Software (2022)
Detailed card system
Progress meter checklist
Individual/group task assignment
Automated email notification
So, whether you run your business alone, work with contractors, or have a small team on your side, Trello keeps everything in check. You won’t need to miss a due date ever again, and your projects won’t slip through the cracks. Best of all, Trello has a free version that would suit most small businesses.
As a small business, accounting and invoice management can be a nightmare. You might have a sophisticated accounting package, but they’re usually not great for providing quick and easy invoice solutions for your customers. Luckily, there’s an alternative.
With Square Invoices, it’s easier than ever to send estimates and invoices, and get paid fast. Unlike expensive accounting software, Square Invoices is free to use, and you only pay a transaction fee when you accept a digital payment. With easy invoice tracking and the ability to get paid online, Square Invoices is a free, modern solution to a common small business problem.
Key features include:
Customers can pay online with one click
Other payment options such as phone or in-person
Save cards for auto-billing
Powerful reporting tools
Track unpaid invoices easily
Automate unpaid invoice reminders(Video) Best Small Business Software 2022
No monthly fees or setup costs
Integrates easily with other Square software
For dynamic small businesses, Square Invoices is an affordable way to invoice professionally, collect valuable reporting data and get paid fast.
- Best accounting software: Xero.
- Best eCommerce software: Shopify.
- Best project management software: Trello.
- Best online payment software: PayPal.
- Best email marketing software: MailChimp.
- Best collaboration tools: Slack.
- Best human resources/payroll software: Gusto.
- Accounting Software. ...
- Time Tracking Software. ...
- Project Management Software. ...
- Customer Relationship Management Software. ...
- Communication Software. ...
- Website Building Software. ...
- Payment Transaction Software. ...
- Sales, Marketing, and PR Software.
One of the most important business software for any organisation is the payroll system. This software is important for managing payments within the organisation for employees and contractors. This is able to calculate the payment and tax deductions for each and every employee in the organisation.
- Human Resource Information System (HRIS) ...
- Inventory Control System. ...
- Communication Software. ...
- Accounting Software. ...
- Service Management Solution. ...
- Reservation Software. ...
- Schedule Management System. ...
- Demand Forecasting Software.
There are different types of software that can run on a computer: system software, utility software, and application software.
- Customer Relationship Management (CRM) Whatever type of business you run, its success relies on customers. ...
- Payment Processing System. ...
- Cybersecurity Solution. ...
- Project Management Platform. ...
- Inventory Management Software. ...
- Social Media. ...
- Business Website. ...
- Location-Based Technology.
Not only do various software programs make it easier for small businesses to streamline their daily operations, but they also make it easier for customers to find and interact with them. Today's customers expect a certain level of digital access to their favorite businesses.
- Google Chrome Browser. The browser provided by Google is known as the Google Chrome browser, and it is also the best browsing software obtainable for free. ...
- Microsoft Security Essentials. ...
- Google Photos. ...
- Free Download Manager. ...
- VLC Media Player. ...
- Team Viewer. ...
- CCleaner. ...
- Rain Meter.
#1 Microsoft Corp.
Microsoft provides the Windows computer operating systems software, Office applications suite, and the Azure cloud computing service. The largest software company in the world also develops server applications, as well as tablets and video game consoles.
Communication is key — with everything in life — and most definitely when it comes to a business as well. Making sure that everyone is well informed and on the same page is crucial to everything running smoothly and avoiding miscommunication problems that can be easily avoided.
- Affinity Diagram [KJ method]
- Interrelationship diagram.
- Tree diagram.
- Prioritization matrix.
- Matrix diagram or quality table.
- Process decision program chart.
- Activity network diagram.
While a single piece of technology often overlaps into different areas, there are generally six different categories of technology: communication, electrical, energy, manufacturing, medical and transportation.
7 small business types
- Sole proprietorship. ...
- General partnership. ...
- Limited partnership (LP) ...
- Limited liability company (LLC) ...
- Non-profit. ...
- C corporation. ...
- S corporation.
There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Limited Liability Company, or LLC.
- Microsoft Word. I already mentioned Microsoft Word as being a great example of application software. ...
- Google Chrome. ...
- Firefox. ...
- Skype. ...
- Windows Media Player. ...
- VLC Media Player. ...
- Microsoft Access. ...
- Application software. ...
- System software. ...
- Middleware. ...
- Driver software. ...
- Programming software. ...
- Freeware. ...
- Open source software. ...
- Proprietary software or closed software.
The two types of system software are operating systems and utility programs.
You will then read about six different sources of software: (1) information technology services firms, (2) packaged software providers, (3) ven- dors of enterprise-wide solution software, (4) application service providers and man- aged service providers, (5) open source software, and (6) the organization itself when it ...
- Operating systems.
- Device drivers.
- Utility software.
- Shells and windowing systems.
Common Software shall be defined to include executable files developed other than for HIG, owned or licensed by us to perform tasks that are common or similar to other development applications including, but not limited to, (i) Software engines used to develop or host the Project whether developed or owned by Vectrix; ...
System software is a type of computer program that is designed to run a computer's hardware and application programs. If we think of the computer system as a layered model, the system software is the interface between the hardware and user applications. The operating system is the best-known example of system software.
- You need to manage your cash. ...
- You need to develop a data-based culture. ...
- You need to engage in Lean Planning. ...
- You need to understand your margins on all your products and services. ...
- You need to have a strategy for recruiting and retaining talent.
- Artificial Intelligence. ...
- Telehealth and Virtual Medical Services. ...
- Remote Working. ...
- EdTech Startup. ...
- Biotech Startup. ...
- Robotic Delivery. ...
- eCommerce Startup. ...
- Internet of Things.
1) AI entrepreneur
If you have considerable knowledge about AI, you can initiate an AI business. You can choose a small part of it and make progress on it. E.g. a device activating with voice. The future is all about AI, hence this is one of the best future technology business ideas to start in 2022.
What is a CRM system? It's a platform that connects your different departments, from marketing to sales to customer service, and organizes their notes, activities, and metrics into one cohesive system. Every user has easy, direct access to the real-time client data they need.
SaaS enables SMEs to access business-critical information and apps from anywhere, at any time. Improved access can lead to improved productivity, with employees selecting the apps that help them work smarter and faster.
- Choose targeted technology solutions. ...
- Boost organizational productivity. ...
- Enhance collaboration. ...
- Set long-term goals and objectives. ...
- Improve security.
- Automate Business Processes.
- Go Digital.
- Build a Compelling Brand.
- Offer Remarkable Customer Experiences.
- “Mobile-ize” Your Business.
- Get Involved In Your Community.
- Stay Up-To-Date On Trends.
- The Takeaway.
- Digital Asset Management.
- Digital Experience Platforms (DXP)
- Enterprise Content Management (ECM)
- Headless CMS.
- Knowledge Management.
- Mobile Forms Automation.
- Web Accessibility.
- Data Science.
- Cloud Computing.
- Artificial Intelligence.
- RPA (Robotic Process Automation)
- Augmented Reality (AR) and Virtual Reality (VR)
- Amazon Web Services(AWS)
- Big Data Hadoop.
- Angular & Node JS.
- Python Programming Language.
- Android App Development.
- Software Testing (Manual/Automation)
- ASP.NET MVC.
No matter how bold or ambitious your plans are to grow your business, the key to your business's success lies in three critical, interdependent components: operational excellence, customer relations/communications and financial management.
Write a one-page business plan.
- Define your vision. ...
- Define your mission. ...
- Define your objectives. ...
- Outline your basic strategies. ...
- Write a simple action plan.
The most common examples of applications used by millions daily are listed below. A suite of Microsoft products such as MS Office, PowerPoint, MS Word, Excel, and Outlook. Internet browsers like Google Chrome, Safari, Firefox, etc. Graphics and design software such as Adobe Photoshop, CorelDraw, and AutoCAD.
- Microsoft 365. The best office software app. ...
- RingCentral MVP. Best business phone system app. ...
- FreshBooks. Best accounting software app. ...
- Avast Business Antivirus. Best mobile antivirus app. ...
- PayPal. Best online payments app. ...
- Hubspot Marketing Hub. Best sales and marketing app. ...
- Asana. ...
The most common type of business computer is a PC (personal computer). PCs are made by different companies but all use the same underlying technology. They usually run Microsoft Windows and are the type of computer most people are familiar with.
Let's get this out of the way – the SAP name might be best known among large companies, but 80% of their customers are small to mid-size businesses. In fact, they have a dedicated ERP product for the needs for SMEs.
- Gmail - Top mailing client.
- Figma - UI Design tool.
- Slack - Communication tool.
- JIRA - Project management tool.
- Python - Most popular programming language.
- Adobe After Effects - Visual Effects software.
- Dropbox - Popular File Sharing.
- Adobe Illustrator - Illustration design tool.
- TikTok. It's no surprise that TikTok is one of the most downloaded apps of 2021. ...
- 2. Facebook. ...
- Instagram. ...
- WhatsApp. ...
- Telegram. ...
- Moj. ...
- Zoom. ...
We recommend minimum specs of an i5 processor, 8 GB RAM, 256 GB SSD storage, and a business-class operating system (Windows 10 Pro or 11 Pro for Windows machines). However, the configuration your employees need will vary depending on the apps they use for their daily tasks.
The program has the tools to provide a path to S/4HANA, but SAP still needs to show the value of an S/4HANA cloud migration. Rise with SAP will continue to drive the narrative for SAP in 2022, but opinions vary on whether Rise will fulfill its mission to convince SAP customers to move to S/4HANA and the cloud.
And overall, both SAP and Oracle ERP software do this well. But Oracle stands victorious. Oracle simply has a more comprehensive financial suite with better budgeting, pricing and core accounting tools. All other features were rated equally by our analyst team (except for HR, which SAP held the upper hand).
- Salesforce (Tableau)
- TIBCO Software.