Small Business Accounting Software
From LoveToKnow Business
All small business owners need small business accounting software to track cash flow, accounts receivables and payables in order to develop a clear picture of their business health and generate financial reports. Using software allows a budget-conscious business to generate reports that can be used by their CPA, cutting their workloads and reducing costs. The do-it-yourself approach provides a constant view of what’s really happening in your business, with automated functions avoiding a great deal of time-consuming hand entry work needed for daily accounting.
Simply Accounting Pro
Simply Accounting Pro is a fully featured package offering accounting and payroll functions and features, including modules for Internet and e-commerce business, in a five-user edition costing $750.
Features
- Forms designer creates invoices
- Accounting tools include a drop-down list providing easy tracking of sales per staffer and printing of the staffer’s name on invoices, orders, and quotes.
- Reports
- Data entry screens easily viewed designed to mirror paper counterparts
- Time and billing module
- Toolbar linked to Microsoft Outlook provides one button automatic syncs with accounting and e-mail contacts.
Service and support
- E-mail support lacking, but phone support good. Provides 30 days of free installation assistance, charging $150 per 100 minutes
- Provides a 880-page illustrated user guide in a PDF format
MineYourOwnBusiness
MineYourOwn Business is a double-entry, user-friendly small business accounting software system with a clean interface easy to configure. A six user multi-user package costs $299 is good for previous MineYourOwn Business users, but may be found lacking for small business owners needing a more fully featured program.
Features
- Officelink allows direct one click access to MS Word and Excel.
- Imports Quicken data
- Flow-chart interface useful for payroll processing and creating invoices
- Process Payroll Assistant provides automated check-cutting
- Company Data Auditor provides overview of receivables, payables and inventory.
- Account reconciliation
- Batch e-mail allows choice of sending statements and invoices to customers via e-mail or snail mail
- Logo Creator prints logos onto invoices, business cards, and letterheads
Service and support
- Technical support somewhat lacking
Peachtree Complete Accounting 2006
Peachtree Complete Accounting 2006 is a fully featured multi-user $699 small business accounting software program provides range of services. Three-user value packs available.
Features
- 125 reports and features including in-depth inventory, time, billing, job costing and account reconciliation from a drop-down list
- Inventory management tools automatically create purchase orders when supplies are low
- Download Web site statements directly into program
- Bill Pay saves time by avoiding use of checks and stamps.
- Professional appearance forms can set column margins.
- Internal Accounting Review runs 15 reports to locate suspect transactions, including duplicate checks and off-balance receivables. Prevents cooking the books
- Bill Pay service saves time with checks and stamps by allowing transmission of up to 20 electronic payments directly from the program for $15.95 per month
- Premium payroll services available for additional $900 fee for five-user office
Service and Support
- Very good but expensive
- Provides 30 days of free setup support for new users
- Basic support plan provides 60 minutes of phone and e-mail support for $199.
- Per-incident phone support costs $5 per minute with $50 minimum
- Phone support available weekdays, 8:30 a.m. to 8:30 p.m. ET; e-mail queries have a 4-hour turnaround
Quicken Premier 2006
Quicken's home and Business edition for $89.95 provides tools for managing investments, tax deductions, and the creation and tracking of invoices.
Features
- One-click minireports alerts overspending categories
- Drop-down list shows all recent transactions for payee or category.
- Ability to change mini-report's time frame to from 30-days default
- Ability to save reports as Adobe Acrobat PDF files
- Financial statements can be sent to accountant via e-mail.
- Attach electronic images and statements, including canceled checks, invoices, and business receipts to transactions and accounts.
Service And Support
- Online chat hours run from 5 a.m. to 9 p.m. Monday through Friday, and from 7 a.m. to 7 p.m. PT on weekends.
- Data recovery is free
- Phone support costs $24.95 per call, available from 5 a.m. to 5 p.m. PT weekdays.
Microsoft Office Small Business Accounting Software
Microsoft Office Small Business Accounting 2006 offers an easy to use small business accounting package costs $895 for five-users. Program is designed for budget-conscious entrepreneurs and small businesses with up to 25 employees who manage their finances using spreadsheet applications. Integrates tightly with Microsoft Office but is not compatible with non-Microsoft word processors and spreadsheets.
Service And Support
- Initial two free e-mail or phone queries, additional support questions cost $35 each. .
- One year contracted support for $249 per year
- Five support incident package available for $149
- Tech support hours 5 a.m. to 9 p.m. Monday through Friday and from 6 a.m. to 3 p.m. PT on weekends.
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