| Simply put, accounting is the lifeline | | | | business. Also, the after-sales support |
| of a business. Accounting deals with | | | | is important like FAQ package, local |
| summarizing, analyzing and reporting the | | | | service center and others. |
| financial data and information about a | | | | There are a lot of top accounting |
| business. An accounting software records | | | | software available in every category. |
| and processes the accounting | | | | So, it is not easy to select the best |
| transactions of a business within its | | | | ones. Below are top five accounting |
| functional modules. Financial statements | | | | software in every category. |
| consisting of the balance sheet, profit | | | | A. Small business/personal accounting |
| and loss account, and statement of | | | | software: |
| changes in financial position can be | | | | 1. ePeachtree (Best Software) |
| easily prepared with an accounting | | | | 2. MYOB Plus for Windows (MYOB Software) |
| software. | | | | 3. Peachtree Complete Accounting (Best |
| An accounting software is all about the | | | | Software) |
| various functional modules that it has. | | | | 4. QuickBooks Online (Intuit) |
| Some of them are- General ledger which | | | | 5. Small Business Manager (Microsoft) |
| takes care of the company's financial | | | | B. Low-End Accounting Software: |
| dealings; Accounts Payable where the | | | | 1. BusinessVision 32 (Best Software) |
| company enters its bills and pays the | | | | 2. MAS 90 & MAS 200 (Best Software) |
| money it owes; Accounts Receivable where | | | | 3. QuickBooks Pro 2003 (Intuit) |
| money received is entered. | | | | 4. ACCPAC Pro Series (ACCPAC |
| The different categories or types of | | | | International) |
| accounting software are as follows:a) | | | | 5. Vision Point 2000 (Best Software) |
| Small business/personal accounting | | | | C. Middle-Market Accounting Software: |
| software which are mainly meant for home | | | | 1. ACCPAC Advantage Series Corporate |
| users. They are simple and inexpensive | | | | Edition (Best Software) |
| with simple functioning such as | | | | 2. Great Plains (Microsoft) MAS 90 & MAS |
| management of budgets.b) Low end | | | | 200 (Best Software) |
| accounting software are for small | | | | 3. Navision (Microsoft) |
| business markets that are capable of | | | | 4. SouthWare Excellence Series |
| serving a single national market. Such | | | | (SouthWare) |
| software are characterized by 'single | | | | 5. SYSPRO (SysproUSA) |
| entry' products.c) Mid market accounting | | | | D. High-end accounting ERP Market: |
| software are for companies with large | | | | 1. Axapta (Microsoft Software) |
| businesses. These software are capable | | | | 2. e-Business Suite (Oracle) |
| of serving the needs of multiple | | | | 3. MAS 500 (Best Software). |
| national accountancy standards and | | | | 4. Solomon (Microsoft) |
| facilitate accounting in multiple | | | | 5. ACCPAC Advantage Series Enterprise |
| currencies.d) High end accounting | | | | Edition (Best Software) |
| software are complex and expensive | | | | In compiling the above list, a variety |
| business accounting software that are | | | | of factors such as feedbacks from |
| also known as Enterprise Resource | | | | customers, scalability of the software, |
| Planning or ERP software. | | | | and after-sales support are used. Also, |
| However, you have to keep certain things | | | | the different attributes for different |
| in mind before buying an accounting | | | | categories have been considered like for |
| software, like the prices of the | | | | ERP software, attributes such as |
| software, its different features, its | | | | manufacturing solution, supply chain |
| after-sales support and alike. Most of | | | | solution and database solution. The |
| the accounting software include all the | | | | above compilation may not be all |
| important accounting modules. The more | | | | inclusive and some people might choose |
| specialized features a software has, the | | | | to differ with it but it is almost near |
| more expensive it becomes. Your software | | | | to perfect list. |
| features must be compatible with your | | | | |