Small Business Accounting Software


By Eric Morris

Your business, no matter how small, needs an effective accounting management system to sustain its day-to-day viability and establish its long-term financial goals. But when you are already multitasking as the CEO, the manager, and the salesman, you don't really have time to be an accountant too, do you? Yes, actually, you do.

With a good small business accounting software program, you can still manage your cash flow hands on, without spending too much time. A few clicks here and there, and you can forecast revenues, pay bills, and generate reports. But what functionalities should you look for in accounting software? What do you really need and what can you do without? Read on for some tips.

Look for user-friendly software. Choose accounting software with an interface that resembles its traditional paper counterparts so that you can immediately navigate your way around it. The more familiar the layout of the software is to you, the easier you can intuitively explore its functionalities.

Internet and e-commerce features can also be important. If your small business relies on sales and orders via the worldwide web, you definitely need accounting software that seamlessly connects to e-Commerce functionalities. Find something that you can easily hook up to your bank's online payment portal, for example, so you can automatically track payments made to you and bills you have to pay.

Search for compatibility with frequently used programs. If most of your records are Windows based, find small business accounting software that easily synchronizes with Microsoft Excel and other Microsoft Office applications. Such a feature will let you integrate your existing records without the risk of corrupting data. There are also specialty accounting software programs available for other platforms.

Examine the professional reports included in the software. Beware of some software packages that can generate hundreds of kinds of reports - you probably won't use more than half of them, so why pay the extra price? Concentrate on essential reports instead, such as statements needed for tax filing and time-billing reports, if you use such.

There are other extras worth considering. If your business is quickly expanding, it might be a good idea to invest in expandable, multiple-user accounting software that integrates payroll functionalities, inventory tracking, job costing, and other productivity features. These types cost a little more, but are definitely necessary for any fast-growing small business.

Accounting Software [http://www.e-AccountingSoftware.com] provides detailed information on Accounting Software, Day Care Accounting Software, Small Business Accounting Software, Free Accounting Software and more. Accounting Software is affiliated with Free Small Business Accounting Software [http://www.WetPluto.com/Best-Business-Accounting-Software.html].


More Resources


03/28/2024
24 years after, Delta Assembly reverses accountant’s dismissal
Delta State House of Assembly has reversed the termination of appointment of an accountant in the employment of the State Post


more info


03/28/2024
Cupertino ‘accounting error’ leads to affordable housing dollars paying off lawsuit
More than $100,000 from the city’s below-market-housing fund was used to pay off a 2023 lawsuit.


more info


03/28/2024
SEOHAN Const. & Eng.co.Ltd's (KOSDAQ:011370) Conservative Accounting Might Explain Soft Earnings
Shareholders appeared unconcerned with SEOHAN Const. & Eng.co.,Ltd's ( KOSDAQ:011370 ) lackluster earnings report last...


more info


03/28/2024
‘I walked away from my 170K job’: This accountant quit at 41 to live off dividends from his $1.25 million portfolio — but is his plan possible for everyone?
Here's what it would take for a typical worker to follow his path to financial freedom.


more info


03/28/2024
Nikki Lewis Simon Speaks at Nareit REITwise: 2024 Law, Accounting & Finance Conference
/PRNewswire-PRWeb/ -- Greenberg Traurig Senior Vice President, Shareholder, and Chief Diversity, Equity & Inclusion (DEI) Officer Nikki Lewis Simon was a...


more info


03/28/2024
UWA accounting students offer free income tax help through Volunteer Income Tax Assistance program
For more than 20 years, the University of West Alabama has offered a hands-on learning opportunity for accounting students to prepare individual state and federal income tax returns at no charge to the taxpayer through the Volunteer Income Tax Assistance (VITA) program which receives grant assistance from the Internal Revenue Service through ImpactAmerica. According to […]


more info


03/28/2024
Tax Fraud Blotter: More EFIN messes
Farming it out; short circuited; California dreamin'; and other highlights of recent tax cases.


more info


03/28/2024
Stream It Or Skip It: 'The Accountant' on Netflix, with Ben Affleck...


more info


03/28/2024
Don Scholl, a Well-Liked and Respected Consultant to the CPA Profession, Has Died
Scholl, who retired about 15 years ago after serving as president of his own consulting firm for more than four decades, died March 27.


more info


03/28/2024
Ubiquoss Holdings' (KOSDAQ:078070) Conservative Accounting Might Explain Soft Earnings
The market for Ubiquoss Holdings Inc.'s ( KOSDAQ:078070 ) shares didn't move much after it posted weak earnings...


more info


03/28/2024
AI In Accounting Raises OT Exemption Questions
A recent surge in the use of artificial intelligence in accounting work calls into question whether professionals in the industry can argue they are no longer overtime exempt under the Fair Labor Standards Act, highlighting how technology could test the limits of the law for a variety of professions, say Bradford Kelley at Littler and Stephen Malone at Peloton Interactive.


more info


03/28/2024
The Accountant Cast & Character Guide
The Accountant has a galaxy of stars for a cast.


more info


03/28/2024
PayPal plans to appoint outgoing CEO of Big Four accounting firm to board (NASDAQ:PYPL)
PayPal plans to appoint Carmine Di Sibio, former CEO of Ernst & Young, to its board as an independent director.


more info


03/28/2024
Rocket Companies Names Noah Edwards New Chief Accounting Officer
Rocket Companies (RKT) has shared an update. Rocket Companies, Inc. has announced the appointment of Noah Edwards as the new Chief Accounting Officer, effective Mar...


more info


03/28/2024
Is The Accountant Worth Watching? Breaking Down The Ben Affleck Movie's Reviews & Rotten Tomatoes Scores
The Accountant is currently trending on Netflix.


more info


03/28/2024
The biggest decisions young accountants have to make
Experts share what young accountants should look for in a firm and how to approach their careers.


more info


03/28/2024
Mauldin & Jenkins Recognized Among Accounting Today’s 2024 Top 100 Firms, Regional
Listen to this article ATLANTA — Leading assurance, tax and advisory firm Mauldin & Jenkins is honored to announce it has been recognized as one of Accounting Today’s Top 100 Firms, Regional Leaders, and Fastest Growing Firms in the U.S. for 2024. These prestigious recognitions affirm that Mauldin & Jenkins’ continued growth and commitment to […]


more info


03/28/2024
NetSuite expands Text Enhance feature
NetSuite, during its SuiteConnect event in New York City today, announced that it is expanding its generative AI-driven Text Enhance feature with over 200 new places it can be applied.


more info


03/28/2024
Sweet 16 Matches Begin in Accountant Bracket Challenge
Only two of the four No. 1 seeds remain in the ABC Tournament as voting for the eight matches in the third round starts on March 28.


more info


03/28/2024
EisnerAmper to Combine With Tidwell Group This Spring
The deal between top 20 firm EisnerAmper and top 200 firm Tidwell Group is expected to close in May.


more info


03/28/2024
SEC cyber rules mean new steps for CFOs
New SEC cybersecurity disclosure rules are now in effect. Here's what CFOs should be doing to comply with the new requirements.


more info


03/28/2024
Strategies For Managing Your Bank Accounts Amid High Interest Rates
As interest rates soar to a more than 20-year high, many individuals are reconsidering best practices for their bank accounts.


more info


03/28/2024
'The Accountant 2:' Release date, plot, and everything we know about...


more info


03/28/2024
Under the radar no more: IRS increases scrutiny on corporate jets
The campaign is part of a larger effort by the IRS to increase its scrutiny of high-income taxpayers and large businesses to help close the tax gap.


more info


03/28/2024
UK Signs Accounting Standards Deal With Australia
Britain's audit watchdog said Thursday it has secured a deal on accounting standards with Australian authorities to make it easier for auditors to work between both countries.


more info



More Accounting Information:

Related Articles

3 Essential Tools for Starting and Maintaining a Small Business
We believe that there are 3 factors that drive the success of small businesses.
7 Things to Consider Before Buying Small Business Accounting Software
The world of small business accounting software can be a minefield for any business owner. However choosing the right package is one of the most critical business decisions you will make.
9 Strategies for Writing Accounts Payable Procedures
The Cash to Cash Cycle - Part Four of Series
9 Things You Must Do To Maximize Your Chances Of Obtaining A Small Business Loan
To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more stringent criteria.
10 Amazing Ways To Jump Start Your Sales
1. Find a strategic business partner. Look for ones that have the same objective. You can trade leads, share marketing info, sell package deals, etc.
Accounting Methods — Cash and Accrual
When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method.
After The Latest And Accurate Help In Relation To Accountancy
When you are looking for high-class advice concerning accountancy, it will be hard sorting out the best information from foolish accountancy proposals and guidance so it's best to know ways of moderating the information offered to you.
An Introduction To Point Of Sale Software
Point of sale software gives business owners a convenient way of checking out customers and of recording sales. It can keep a record of the store inventory, updating it when an order is processed. It can also print out receipts, carry out credit card processing, track customers, etc. Point of sale software eases the flow at checkout terminals, while recording all the information that can help you make better business decisions.
Asset And Liability Basics
Knowledge of accounts can make life much easy. If you are to invest in a new business or joining your forefather's business, planning to take some loan, looking for job in any marketing company, desire to be the manager of a multinational company or have the onus to manage your own assets and liabilities, knowing some basics of accounts becomes mandatory.
Bottleneck-oriented Business Management
Simple and effective Business Management
Business Laws Basics
A professional degree in Juris Doctor relates to a higher grade of studies in law. With business houses expanding in size and the legal issues gaining higher importance for day to day working of large corporates, demand for Juris Doctor professionals has been increasing.
Can You Play the Drums?
When I was a child, all I wanted from life was to be able to play every instrument under the sun. Pretty lofty goal, right?
Childcare Management & Daycare Software
Running a childcare facility can be an exhausting, 24/7 job. There are always kids to keep track of, records to update, fees to collect, bills to pay, reports to write, and so on. Often, your To-Do List seems both frighteningly endless and drearily cyclical.
Choosing A Business Tax Service
There are a number of ways that you can find tax services companies. The yellow pages is a good place to start for companies in your area but, depending on where you live, the list of names may be extremely long.
Company/Employee Handbook as Organisational Improvement Tool
A business is only able to grow as fast as the internal organisation is able to process higher volumes of sales. But how to get an optimal internal organisation? Well, you will need to adapt your internal organisation over and over again. It's a never ending story. However, a Company/Employee Handbook could assist you to achieve the best internal business organisation.