One of the most popular and well-known small business accounting tools available today is FreshBooks. We’ve separated our list into two categories: cloud-based web applications, and desktop applications. That’s why we’ve put together this list of the best small business accounting software tools for independent businesses. After even a modest length of time, switching to another accounting program can seem more of a hassle than it’s worth––a great example of the sunk cost fallacy––which makes choosing the right tool in the first place particularly important.

With so much overlap in functionality and considerable differences in pricing, it’s all too easy for business owners to end up choosing the wrong accounting tool. While there is certainly no shortage of small business accounting software available today, choosing the right tool can be deceptively challenging.