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What accounting software do you use for your small business?
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I have had some experience with Quicken before I gave up on trying to do that part of my business myself. Quicken was glitchy with me there are problems inherently wrong with the software that make accounting more time consuming than it already is.
As a CPA, I work with a lot of small businesses. Many of those businesses use QuickBooks. QuickBooks is a great software to use if you need to provide invoices to customers, keep track of receivables and send your customers a monthly statement. It also works well to be a glorified checkbook...as far as keeping track of your checking account balance. However, most business owners do not understand enough about accounting to have QuickBooks replace the need of an accountant to be watching over the financial aspect of their business.
What kind of software do you need? What kind of small business are you needing the software for? You need to answer those questions before you can relly start looking. Is it retail? payroll? nonprofit? How many users are going to access it?
There is no one answer to your question. The proper software depends on your type of business and the size of your business. For businesses with less than $10 million in revenue, the top two choices are Peachtree and QuickBooks. QuickBooks is the most popular of the two, but Peachtree is better for manufacturing, distribution, and construction. QuickBooks is really great for service businesses. In most cases, either will do the trick if properly configured. In most cases, configuration is not a do it yourself project.
As a CPA, I have seen QuickBooks used more often than not. I've worked on huge productions like Wicked and Stomp, both grossing well in the hundreds of millions using QB. In Private accounting there is specialized software being used, like BJ Murray for real estate (although we kept the books on Excel and Lotus notes); in non-profit, I've seen also specialized software like Fund Easy, I've also seen non-profit use QuickBooks and other software. It really comes down to, what your business does, and the amount of money spent. Obviously a huge non-profit like the Metropolitan Opera (with well over 9000 employees), will use something more specialized and online rather than your typical accounting software.
Greg Freyman, CPA
www.taxproff.com
As everybody said above that the quickbooks they oftenly used rather than not, so same I also use quickbooks for accounting purpose. Is is very easy to work on it as its user friendly and very helpful tool for accounting. It is not costly even. you can check with this link to get more information:
http://www.myrealdata.com/quickbooks-hosting.html
Craig, there seems to be a trend to moving away from desktop accounting to online accounting, esp. for small business that see the value in real time accounting, anywhere, anytime. Personally, I use Xero - http://www.xero.com/ for my business and my clients
I agree with Earl, its time to move towards real time accounting and I am a big fan of xero.com
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