Choosing the “Best” Accounting Software

Posted on 15. Mar, 2008 by Biz Coach in Top Management Tools

Accounting and sound financial management are fundamental components in all small business success. Financial reporting should play a role in every management and marketing decision you make.

But accounting and finance may well be a mystery to you.  Your eyes may glaze over when you just start thinking about determining which type of accounting software to use. If you’re like most people, you lack an extensive background in accounting. So where do you begin? Fortunately, Today’s accounting software options offer great solutions—providing you with the tools and the information you need to keep your financial records accurate and current, while supporting you in making the most of your company’s cash flow.

You’ve probably already found that there are about as many accounting software packages as there are types and sizes of small businesses. So determining which ones best meet the needs of your firm can be a tricky undertaking.

Of course, you’ll want to consider the special needs of you and your firm and you’ll also want to be certain that whatever product you select is compatible with your CPA’s systems.

Unless you have a full time bookeeper, look for ease of use and intuitive interfaces for each of the most frequently modules e.g., accounts payable.

Which ones are “best”?  Of course, the answer is very situational. 

We’ve been using QUICKBOOKS PRO www.quickbooks.intuit.com/ for several years and are quite satisfied. You’ll pay less than $150 (street price). But this is an important decision for you.  Once you pick a program, you’ll be unlikely to switch soon to another. Compare several of the most popular programs. Two other popular programs you’ll want to look into are Peachtree Complete and MYOB Business Essentials.