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Posted: 2005-08-16 / Author: Brandon Hall
How To Choose The Right Accounting Software For Your Business?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 C. Hall has many years of Microsoft
Excel and Accounting Software experience. He owns many websites
- one of which is http://www.accountingsoftwareportal.com - A
site dedicated to providing resources, links, articles, and
news related to accounting software products.
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