There are several types of accounting software
you can choose from. You can start with a
free software then upgrade to a paid version.
The free version usually have many limitations.
They are usually for one user with the ability
to use a limited number of features.
The
software can be a client based software or an
online system. The client based software
requires that you download and install the
software on one of your computers. They
install on a single computer for a single user
or a server and other client computers for
multiple users.
The online version usually
require a monthly or annual subscription.
Usually it does not require that you download
any software on to your computer. You will
normally access the system with your Internet
Browser such as Internet Explorer, Firefox,
Sofari, Chrome, etc.
See below for a listing
of these types of software.
What Should You Look For In An Accounting
software
Consider the following when trying to determine
what is the best accounting system for you.
Type of Business: If you have a
business that maintains a large inventory as
oppose to one that does not maintain an
inventory then you would want a software that
have all the features for managing inventory.
How Many
Users: How many people will
be using the system simultaneously. Will there
be only one person or will there be more than
one. The more user accounts requied the higher
the cost.
Resources
Available: If you have limited
resources then an online system will be best. It
does not requrie additional computers and
technical expertise to download and install
software. Client based systems that require
multiple user setup normally require a server
computer and client computers. This requires
technical expertise to setup.
Ease of
Implementation: An accounting system
should be easy to implement. This is especially
true if you're not an expert in Information
Technology. The less time you have to commit to
setting up the system the more you will have to
actually focus on your business.
Ease of Use: An accounting system
should be easy to use. You should not have to
undergo hours of training before you can start
using it. It should be intuitive and easy to
navigate and find what you're looking for.
Help &
Support: The system should
have a built in help index and assistance via a
phone call or email should be available from the
vendor of the software. You should not have to
pay separately for this service.
Features
Required: Some of the key
features that should be part of any accounting
software must include: Accoutns Receiveable,
Accounts Payable, Banking, Payroll, Inventory
Management, Time Costing, Job Costing, Fixed
Asset management and Reporting, etc.
This is an online system from
Godaddy that lets you create professional invoices, simplify
tax preparation and track sales by syncing your Amazon,
Etsy, eBay or PayPal seller account to this online
bookeeping system.
This is a software that you
download and install on your computer. It is a
freeware software that lets you perform accounting functions
for your small business.
This is an online system with a
free version that you could use forever, but it limits you
to only 5 customers and one user. The paid versions
range from $15.00 to $30.00 per month.
Free
PaidAccounting Software See a review of these
software at Topten Reviews
Easy Start-Up Wizard to Set Up &
Manage Your Business, Create Checks, Pay Bills and Process
Payroll, Invoice Customers, Track Sales & Expenses Over 125
Custom Reports & Charts.
CMS Professional is a complete
accounting package that also includes great new add-on
products such as the CMS Professional Mobile App and the
online storage of iVault Backup.
Flexible
General Ledger
account structures, unlimited customers / vendors /
employees,
extensive reporting & third party options ensure CYMA
Accounting Software can expand as your organization grows.
This is a software that you
download and install on your computer. It is a free
version you could use forever. There are also paid
versions that you purchase with monthly payments of $60.00
to $159.00.
This is an online system with a
free trial version you could use for 30 days. It also comes in a
paid version that you subscribe to with monthly payments of
$19.95.
NetSuite online accounting software
seamlessly couples core accounting functions such as general
ledger, accounts receivables and accounts payable with
strong compliance management.
Ideal for small business owners who
want an easier alternative to QuickBooks and the flexibility
of a cloud solution. It also lets you upload images of
your receipts.
QuickBooks have several products to
choose from to makes complex
accounting tasks such as billing, payroll management and
reporting surmountable for small business owners.
This Sage50 accounting solution can
help you manage all aspects of your business, from invoicing
to reporting to paying your vendors, payroll management,
etc. It can be used as a client based system taht youplace
on your own computer or as an online accounting system that
you can access from anywhere.
This Sage One accounting solution
can help you manage all aspects of your business, from
invoicing to reporting to paying your vendors. It is
an online accounting system that you can access from
anywhere.
You don’t have to have an
accounting degree to keep immaculate records for your
business. ZipBooks provides you with a smart way to track
all your transactions, keep on top of what you owe and who
owes you, and figure out how much your business is actually
making.