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Accounting SoftwareWhen it comes to money management, we all want to make informed business decisions, reduce errors, and save time. From entry-level products for home use to e-enabled total management systems for large business, various accounting software suites are available to meet every user’s needs.Home Use If you’re simply interested in paying your bills, balancing your books, and managing your budget, a low-end accounting software suite would be suitable for general business accounting functions. For example, some programs provide a chart of accounts/general ledger, and allow you to generate basic financial reports and customize balance sheets. Small Business In addition to the needs of home users, small businesses may need cash flow forecasting tools and reports, accounts receivable and accounts payable tools, payroll, quotes, sales orders, invoicing and purchase orders, inventory control, and audit trail tools. There are several accounting software options for small businesses:
In addition to general accounting functions, larger businesses need accounting software that includes integrated or add-on management information systems, and possibly software that is geared toward multiple markets. Large business accounting software is often part of an all-encompassing suite of software called Enterprise Resource Planning or ERP software. Some manufacturers of ERP software include:
Sources http://www.microsoft.com/smallbusiness/products/office/accounting/detail.mspx http://www.rungle.com/accounting_software_guide.htm |
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