Small business owners or individuals need to organize and manage their tax and financial accounts quickly and easily instead of learning to be accountants. They want cheap and simple accounting software rather than professional software. There are both proprietary and free software available online for small business and personal users.
Commercial Accounting Software for Small Business
Commercial software companies provide financial accounting solutions for small and medium-sized business. These solutions cost hundreds to thousands of US dollars depending on the companies, the versions and the numbers of users. They include:
- MYOB Premier Accounting is a complete small business accounting and management software for Windows. It integrates the functions of sales, purchases, banking, inventory, payroll, and tax accounting software. It is priced at $299 for new users and $159 for upgrades.
- Microsoft Dynamics GP (Great Plains) is business accounting software based on the Microsoft SQL Server database.
- Sage Accpac Accounting is part of the Sage Accpac ERP software. It offers modules such as payroll and tax accounting, CRM, and manufacturing.
- Peachtree accounting software offers solutions for different industries. Its cheapest version – Peachtree by Sage Pro Accounting 2010 – is priced at $199. Other versions include distribution, manufacturing, and construction accounting software.
These kinds of commercial software are excellent but sometimes costly to small business owners and personal users.
Free Small Business Accounting Software Comparison Review
At the same time, there are a few kinds of free accounting software available for download on the Internet, which could be good choices for people who want save some money. They include:
- AceMoney Lite supports most of the features required for home or small business accounting jobs except multiple accounts management. It is tally accounting software for Windows, Linux, and Mac operating systems. AceMoney Lite can help small business owners or home users track the performance of each investment and the result of each payment, create and manage budgets in more than 100 categories, calculate tax and other accounting business based on online exchange rates of more than 150 different currencies, download and import information from on-line banks in QIF and OFX formats, export to HTML, Text, or CSV formats for analysis, and automatically input orders coming from PayPal, RegNow, RegSoft, SWReg and Plimus.
- BS1 Accounting is open source tally accounting software for small business. It offers a free version for single user who can download the source codes and edit them. But if a user asks for technological support, he should pay $99 for a version that includes support. Users can manage accounts payable, accounts receivable, general ledger, sales analysis, and inventory in the software.
- Quickbooks is online financial accounting software for PC and Mac. It can create and send invoices, charge sales tax, track payments and expenses, and help users view data from an iPhone or Blackberry. But its free version supports only 1 user and 5 customers.
These kinds of free accounting software are not totally nonprofit. But they help users manage their business at a low cost.
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Chen Nanyang - Chen Nanyang's journalist career began in 2002 when he started writing for China's Nanfang City News, Singapore's United Morning Post and ...
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