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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 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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