A small business needs good accounting software in order to maximize its profits, monitor its health, and keep things growing. There are many small business accounting packages out there, and it can sometimes be difficult to know which is best for your business.
Let’s take a look at some of the most popular small business accounting software packages out there:
- Peachtree. Peachtree is a solid small business accounting software choice, offering most of the same functionality and features you’ll find in QuickBooks and other packages. It’s generally considered to be less user-friendly for non-accountants than other options.
- AccountEdge. This software, formerly known as MYOB, is a robust accounting solution in the lines of QuickBooks and Peachtree. The primary downside to AccountEdge is that you’ll find many fewer accounting and tax professionals using it, meaning you’ve got to do some conversion in order to work with them.
- Freshbooks. This is a no-frills, simple program that lets you send invoices and estimates. It’s an online package, so it requires an Internet connection. Depending on the features you need, this one ranges in price from free to a rate similar to the other packages.
- Outright. If you’re a one-person service-based business, Outright provides you with a basic accounting solution. It doesn’t give you the kinds of reporting features you’ll find in QuickBooks, but the free price tag will draw in some users.
- QuickBooks. QuickBooks really is the gold standard in small business accounting software. It offers all of the features you need, and it enjoys the greatest amount of support from accounting and tax professionals. The vast majority of businesses will be more than satisfied with QuickBooks.
Regardless of the accounting software you choose, it’s important that you use it effectively to monitor the health of your business. What software are you using?