Accounting Software for Small Business
Many small businesses hire an accountant to take care of the day to day accounting tasks such as payroll, incoming and outgoing expenditures and taxes.
The life of the hired accountant is made considerably easier if he or she has access to a capable small business accounting software program.
Accounting software for small business differ in function from personal accounting suites as businesses require different features and functions such as payroll.
Some of the popular choices for small business accounting programs include:
- Intuit QuickBooks Premier
- Peachtree Complete Accounting
- Simply Accounting Pro
- MYOB Plus
These four programs are established and have been around for some time. They generally release a new version every year and you should endeavor to upgrade particularly when the program has changed to take into account new taxation or financial laws in your country.
QuickBooks is a particularly good choice because it contains templates for various business types. 75 of them in fact (possible more in latest releases). These include real estate, medical and more.
Basic accounting can be completed in any of the above programs. I personally am aware of many small businesses (up to 50 employees) happily using MYOB as it is one of the easier programs to use and there are a plethora of tutorials and books available to learn. In fact, anyone on the business team can use it, not just accountants.
I highly recommend purchasing a capable software program for your small business accounting. It will save you considerable time over using something like Excel or even manual paper accounts and best of all, your financials can easily be recorded, referenced and printed out whenever you like.
