All About Accounting Software

As we mentioned last month, we wanted to give our readers some insight into the accounting solutions available to small businesses, and when they should switch from SMB-geared platforms, so here’s our estimation on the latter subject:

QuickBooks has been around for almost three decades, and owns about 85% of the small business accounting market. A large number of small businesses will only ever need this Intuit software for their accounting requirements, but a portion of these companies will certainly outgrow QuickBooks—and it’s important to know whether your own company’s needs exceed what QuickBooks can deliver.

For most of its existence, QuickBooks allowed five users maximum, and any company with more concurrent users switched to another accounting software after crossing that threshold. Now, QuickBooks allows up to 30 simultaneous users, so the decision to switch isn’t entirely a size-based one. Another factor potentially stopping users from switching to a mid-range accounting system? Price—the QuickBooks Enterprise Solution (the platform supporting up to 30 users) costs about $3,000, while at best, midrange accounting software ranges from $25,000 to $30,000. Because of mid-range systems’ costs, some companies whose needs exceed QuickBooks will stick the program because there are a large number of supplementary add-ons available.

Still, even if you balk at a hefty price tag, there are several reasons to take the plunge and invest outside of QuickBooks. Obvious causes include an increase in sales or number of employees, or a need for industry-specific accounting functionalities. A slightly less apparent reason is accounting controls—while QuickBooks has an audit trail, but some of the more complex accounting systems offer better support.

There are many who recommend using QuickBooks for as long as it’s fitting, but Intuit executives have stated plainly that their products are not intended to ride the wave of expansion from SMB status to larger enterprise. The most important thing, of course, is to assess accounting needs accurately, and then decide what type of accounting and financial software to choose—just don’t be shy if you need something more than QuickBooks!

Technorati Tags: Intuit, Mid-Range Accounting, Quickbooks, Small Business Accounting

Competition with the business software industry continues to grow and companies are looking for more ways to reach out to customers in a variety of different segments with a number of different requirements. However, the most recent accounting product announced by a Kiwi-based software company may be the most bizarre. In releasing its newest accounting software platform, it hopes to capture the market for blind accounting software users.

Kiwi has touted its product as being the first accounting software program able to stand up to the user tests within blind people. Surprisingly, the market for accounting software for blind users is rather strong as there has been interest from a number of organizations all over the world.

Its features are dedicated to improving the accessibility and usability of its accounting software to blind or visually impaired people. Improvements include screen reading software which helps users confirm what they have input to the system as well as providing a number of visual enhancements that make it easier for those visually impaired to see.

For more information on this new and innovative accounting software product, you can read the full article here.

Technorati Tags: Accounting Software, Blind Accounting Software

Online business software provides companies with benefits that make it a more attractive option in comparison to traditional software products. Web based business services provide customers with one benefit that matters the most in these tough times, price. With the continued economic slowdown and slowing down of business activity, companies are much more conscious of the prices they are paying.

Business has slowed down for many software companies but one sector of business software still sees strong activity. Online business software providers have noticed an increased interest in their products. Online accounting software provider Xero provides users their accounting service for a monthly fee. With the movement towards an online system, companies can enjoy the benefits of lower cost software as well as increased flexibility.

In addition, companies have less to worry about when choosing an online accounting software provider. Access to the latest version of software is always provided as well as secured storage of data on the provider’s servers makes it a safer alternative to in-house accounting solutions.

For more information on pay as you go accounting software, you can read the full article found here.

Technorati Tags: Accounting Software, Online Accounting, Pay as You Go Software

AccountMate has released the newest update to its AccountMate Software Package. This upgrade should provide users with a host of new features that will simplify many accounting processes. With over 200 new enhancements, AccountMate has provided users with features that should greatly benefit company accounting processes overall.

The new update features many new features that will enhance the way companies perform accounting as well as secure many of the critical and confidential business processes that are performed in the system. With security such as password protection, companies can be confident that their secure data is not being looked at by anyone. Also, with features such as real-time snapshots of company performance and statments, executives can have an accurate and up to date picture of how their company is doing.

For more information regarding this new release from AccountMate, you can read the full article found here.

Technorati Tags: Accounting Package, Accounting Software, Network Accounting Software

Accounting Software plays an integral role in maintaining accurate financial and accounting data while also making it much easier to maintain all of this critical data. AccountingWEB is a website dedicated providing people with information and news on accounting and accounting related software products. The newest addition to their website is the new area dedicated towards Microsoft’s Accounting Software. This new zone should provide news and updated information to interested people about Microsoft’s Accounting Software.

Microsoft recently entered the accounting software market and has had some limited success. Microsoft is determined to remain a competitor in the accounting software market. It hopes that its new section on AccountingWEB will give its accounting product the exposure it needs to become a popular software option. This section should address many of the questions prospective buyers may have regarding Microsoft’s Accounting Product and provide a lot of information on current and upcoming features for its accounting software.

To Read more about this topic, you can read the full article found here.

Technorati Tags: Accounting Product, Accounting Software, Accounting Tool, Microsoft Accounting

Solar Accounts announced its new accounting software package which is designed for individuals as well as small businesses. This accounting software package is specifically geared towards the smaller companies as smaller companies tend to have trouble finding a software package that fits what they are doing. With a large share of the accounting software market geared towards larger companies, this is welcome news for smaller businesses.

Solar Accounts’ accounting software expects to make it easier to perform accounting functions as they try to promote its easy to use interface and features. Solar Accounts is very cost friendly as well. With only one initial payment, Solar Accounts becomes the owner’s property, with the opportunity for a free upgrade within 6 months.

Solar Accounts simplifies many processes including:

-Setting up business accounts
-Invoice Creation
-Real Time Information Updates
-Spreadsheets and Reporting Functions
…and more!

For more information on this exciting new accounting software, you can read the full article found here.

Technorati Tags: Accounting Package, Accounting Software

In today’s diverse business technology landscape, companies have a wide variety of options to choose from to fill their company software needs. The vast number of options may overwhelm a number of companies as they are bombarded with information on features and technology terms in which they have no clue about. Business software is supposed to make it easier to run a business, but it is often challenging just to be able to select the right software package for the business. Choosing the right Accounting Software is an example of a challenge businesses face as companies wade through the huge number of different software options.

Some simple steps can help your company find the perfect accounting software. Some simple things should be taken into account before evaluating available options.

First, companies need to understand their business and the role the accounting software will play in the business. Include a list of features that you’d like to see in your accounting software and try to determine the importance of each feature. Also, determine the maximum budget that will be put aside for the accounting software to avoid overspending for features that are really unnecessary.

After getting a good understanding of what companies need, look at a number of accounting options and evaluate the options to see what matches your budgets and needs. Then slowly narrow the list down to the options that most closely fit and satisfy the company needs within the alotted budget.

In addition, it is very important to get employees involved in the selection process as they would probably be the ones who would be using it on a daily basis. Making sure the accounting software works for them can ease many of the headaches associated with implementing new accounting software and learning about the features.

For more information on the steps to choosing the right accounting software package, you can read the full article found here.

Technorati Tags: Accounting, Accounting Package, Accounting Software Products, Accounting Technology

eBridge announced its new capability to integrate its accounting software with Paypal. This should help companies keep track of their accounting and provide more accuracy and efficiency in the accounting process. ePortal makes accounting a lot easier for companies as it automatically keeps track of orders which eliminates much of the manual labor needed to maintain their records. In automating these timely business processes, it frees up employee time to perform other tasks which in turn increases worker productivity.

Companies are impressed with the functionality of this new accounting software package. A variety of companies have commented on how this technology has benefited their companies and the overall quality of eBRIDGE solutions.

To read more about this exciting new technology, you can read the full article found here.

Technorati Tags: Accounting, Accounting Software Products, Accounting Technology