Accountancy software includes both professional accounting software packages and personal accounting solutions. Same of the most recognised and widely used accounting software solutions include:
Peachtree by Sage
QuickBooks
Microsoft Money
MYOB
Oracle E-Business Suite
Quicken
Accountancy software can be categorized into 4 main levels;
Personal Accounting
Low End
Mid Market
High End
Personal Accounting
Home users and sole business operators can enjoy a wide range of affordable accounting solutions.
QuickBooks Online and QuickBooks SimpleStart are two excellent personal accountancy software options. Peachtree by Sage 2009 also has an excellent choice in their Basic edition which provides all that you need to manage your finances.
Low End
This category includes small businesses or individuals with more detailed accounting requirements. Peachtree Standard, Advanced and Premium are in this category as is QuickBooks Pro and Premier.
Mid Market
This category covers small to medium business with more stringent needs like multiple currency support, add on modules to cover project accounting etc and database integration.
High End
This is the most expensive business accounting category often known as ERP software. Most business besides the largest corporations will not require high end accountancy software.
95% of users will be looking at the low end accounting software market, but don’t let that name deceive you. Features in these programs are advanced and will provide more than most businesses and individuals will need. For example, QuickBooks Premier is priced at just $399.95 and provides hundreds of features and functions for business accounting.
Intuit QuickBooks Premier Industry Edition 2009 is the best choice for small business finance management and you can choose from a 1, 2 or 3 user version. The prices for each are outlined below:
1 User – $399.95
2 Users – $749.95
3 Users – $1,099.95
The Industry Edition offers various versions for 6 different industry types:
General
Contractor
Manufacturing/Wholesale
Nonprofit
Professional Services
Retail
Just a few of the features of QuickBooks Premier include:
- Track sales & expenses
- Pay bills & print checks
- Create & e-mail invoices
- Organize data on customers, vendors, and employees all in one place
- Import data from Excel, Quicken/ Quicken for Mac, and Microsoft Office Accounting
- Export data into Excel
- Manage payroll & payroll taxes
- Create customizable reports designed for your industry
- Set individual access levels for each user
- Accept credit card payments
- Create budgets
- Get a quick Company Snapshot
- Easily create a business plan