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How
to Choose the Right
Accounting Software for Your Business
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by: Brandon
Hall
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With any
good luck and a good amount of hard work, you're having the same
problem many business owners today are facing. Your business is growing
rapidly and you're having problems controlling your finances. Time and
time again, that Microsoft Excel spreadsheet you've been using just
isn't getting the job done for you.
So, you’ve decided that you’re ready to take the
next step,
and buy a full-featured accounting software program. Many options are
available to choose from, but I believe the best solutions to be
Quicken Premier Home and Business by Intuit, QuickBooks Pro also by
Intuit, and Peachtree Accounting by Sage. In order to decide on the
right package for you, you need define the type of business that you
operate.
With the rise of self-employment (businesses with one or more owners
but no paid employees) a need has arisen to manage business and
personal finances on one platform. Intuit has released Quicken 2005
Premier Home and Business to fill this need.
This software is perfect for the small business owner who receives
income from investments, real estate, and/or internet
marketing. Also, Quicken 2005 Premier Home and Business is well priced
at only $89.95.
For more typical brick-and-mortar business owners, you will usually
need a more robust solution like QuickBooks Pro or
Peachtree Accounting for functions like payroll reporting and check
producing. Each piece of software has its advantages,
but don't forget that QuickBooks has been the standard in business
accounting software for many years now. As for features and basic
operations, both applications will provide you the same functionality
and convenience for your business.
One additional factor to consider in your decision is that Peachtree
Accounting is less expensive than QuickBooks. Both
starter versions of Peachtree and QuickBooks are priced at $99.95 each,
but the full-featured version of Peachtree is priced at only $199.95
while the full-featured QuickBooks Pro is priced at $299.95.
At the end of the day, the biggest advantage QuickBooks offers over
Peachtree is compatibility with other applications. For example, most
commercial banks (Bank of America, SunTrust, etc...) provide you with
files designed to work directly with
QuickBooks, so that you can read, study, and decipher transaction
details. Also, some banks will allow you to update account information
in real-time with QuickBooks. Check with your bank to see what
accounting software their online services support, and you should be
able to make your decision.
About the author:
Brandon Hall owns http://www.accountingsoftwareportal.comwhich
is a site dedicated to providing resources, links, articles, and news
related to accounting software products.
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