Your PC dealer could be your general adviser with regard to the purchase of small business accounting software. But he can't be the expert adviser. Not even your Chartered Accountant can do that. The computer technology is updating itself so fast that before making any worthwhile investment for accounting software you need to take the professional advice.
For, with the introduction of right accounting software, your small business is not going to remain small. It is bound to expand Publications like CTS Guide to Small Business Accounting Software have been reportedly used by hundreds of business establishments to select software. It constantly compares and reviews with reference to quality and rates some of the important software packages doing rounds in the market.
Some of them are:
- Net Ledger Advanced Accounting
- Business Works Gold
- Quick Books Pro
- Microsoft Business Solutions
- Small Business Manager
- Peachtree Complete Acting plus Time & Billing
- MYOB Complete Accounting
These packages are reviewed for the important aspects of small business accounting needs such as general ledger, accounts receivable and order processing, accounts payable, inventory control, purchase orders, job cost, payroll, and global features module.
The module-by-module report with illustrated screen shots, for each package detailing strengths/weaknesses/operational issues and performance ratings for 350 features given by the report are of immense help to you to take the decision with regard to introducing the software in your establishment.
Study charts on pricing, operating platforms, support policies, make your tasks of comparison very easy. Even calling for quotations, studying and analyzing the information is a time-consuming process. Moreover, your selection can not be an expert's selection. So, the opinion of the impartial competent analyst, who has the necessary expertise, is likely to prove profitable to you in the long run. You can tailor your needs in relation to the budget from the various options available.
Some of the important applications covered by the Magazine are General Ledger, Accounts Payable, Accounts Receivable, Sales Order Entry, Inventory Control, Job Cost, Order Processing, Report Writing, Purchase Order, Fixed Assets and Pay Roll. These will define the software needs for your small business.
But consider one important point. Any given information is what it is. Do not rush to the newly introduced products offering high discounts, unless they are from the well-established companies having proper warranty system. It is better to pay the higher cost and buy the best instead of going for some immediate profits and suffer eventual loss.