Another vote for Xero. I started using Xero about 2 months ago and they're fantastic. They integrate with Paypal (a must for me) and many of the larger banks.

Another vote for Xero. I started using Xero about 2 months ago and they're fantastic. They integrate with Paypal (a must for me) and many of the larger banks. I use a small Australian bank for my business (Bendigo Bank) and I can import the transaction data relatively painlessly. Xero's ability to create rules for automatically reconciling the transactions is a real winner. Before using Xero I used Excel and that worked but it took a lot of time ... about 2-3 hours a week. Xero automates a lot of that work and now it takes me about 2-3 hours a month.