Looking For Basic Bookkeeping Software?

If you are currently using the 'paper' system, there is basic bookkeeping software available that is easy to use and will save you time by organizing and automating your business. Not only that but they produce reports that help you easily manage customers, suppliers, inventory and accounts receivable and payable.

Systems are available for various business from real estate to nonprofits. You can purchase software for simple business invoicing or just tracking software. There is so much information out there and so much comparison on basic bookkeeping software that you could get a headache or just give up!

When you key in basic bookkeeping software on Google you receive "about 1,670,000" results. How do you make sense of that! I must have found thousands of reviews from the basic package for small businesses to more elaborate systems. Many of the sites have an option on them to help you find out exactly what type of software will suite your specific needs. These are very helpful and can save you a lot of time.

One site I found to be very helpful is the first one that came up on my search, entitled, Peachtree Software. On this page you will find tabs at the top. The first one I checked out was the "Product Reviews" tab. I really liked this area because it was very informational. There is a comparison of the top ten software reviews for 2008.

Twelve softwares were ranked on ease of use, help/documentation, accounts receivable, accounts payable, payroll, inventory, banking, time billing, job costing, general ledger, and fixed assets. Then they were given an overall ranking.

Peachtree Complete 2008 software received the top ranking out of the twelve that were ranked. The others, in order of ranking, are: MYOB Business Essentials, QuickBooks Pro, NetSuite Small Business, Cougar Mountain, Small Business Manager, Simply Accounting, CYMA IV Accounting for Windows, DacEasy, Microsoft Money, Bottom Line Accounting and Quicken Home and Business.

As I am interested in receiving the best, or as close to the best as I can afford, I reviewed the top-ranked software. This article presented Peachtree Complete 2008 as easy to use and a 'snap to learn.'

Also noted in the review, was the Peachtree Navigation Aid. The article says, "...the main toolbar breaks business accounting into main categories illustrated with brief descriptions and visual helps.

Setup and installation were simple. Peachtree's setup guide gives step-by-step instructions for all main sections." Ease of use is especially important when choosing your first software.

This software received the top ranking of four bars in almost every category. The review summary on the Peachtree Complete 2008 reads: "Summary: If you're looking for outstanding accounting software, this is it. Peachtree Accounting has everything you need to manage your small business finances smoothly and successfully." This is the software I want for my business.

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Bookkeeping Software

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Importance of Bookkeeping Software

Proper bookkeeping is a not a hit and miss, trial and error thing in a business. A lot of businesses failed in the recent financial crisis because of not being able to strike a balance with the most simple accounting equation Assets= Liabilities+Equity. They have liabilities more than their assets could pay off or lend money to borrowers more than they could afford to part with. The problem boils down with the lack of proper accounting and bookkeeping that lead to a wrong financial judgment. Hence, bookkeeping should not be handled half-baked but with proper scrutiny and well-think of steps; this is where the importance of hiring a bookkeeper and buying reliable bookkeeping software comes in. It is a very tedious task to record every purchases and income that comes in a business and often times owners are not that equipped in doing the task. A reliable bookkeeper will do it with much ease and expertise of judgment on how a certain transactions should be recorded. At the end of the day, the owner will just have to overlook the books of account to see if he has done a proper running of the business. Numbers are good compass in telling if the business is heading progress or bankruptcy. He will also know where to cut the extra fat and may use the resources in other investments. There are a lot of things that numbers will tell the business owners, clients, stockholders and other interested parties.

In addition, good bookkeeping software will make everything easy and paper-less. Even when an owner hired a bookkeeper it would be hard to understand the details in various books whereas bookkeeping software could pinpoint easily where a mistake in decision lies. It is also time and money saving at the end of the day to do away with all the paper works. There are popular and easy to understand bookkeeping software available nowadays that is making accounting a lot easy. Try to figure out which of them suits your needs and of your business. Keep in mind, that a well churned financial reports gives clear financial forecasts hence; it is a very crucial decision to choose the best software.

At the end of the day, business owners could channel all their efforts growing their businesses and thinking of means on where to invest their assets with the help of a reliable bookkeeper and bookkeeping software.

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