Bookkeeping software is invaluable for managing personal or business finances. A good bookkeeping program enables you to enter data and record transactions. There's no need to plod through your paperwork with a calculator, because the software will do the math for you and balance your accounts. Accounting software is especially necessary for small business owners, who have to track sales and inventory without the benefit of the finance staff that large corporations employ. Many small business owners also rely on bookkeeping software to generate checks, forms, and graphs, both to present to customers and to use in-house. Plus, bookkeeping software greatly speeds up tax preparation and makes reporting errors less likely. Here are some of the best bookkeeping softwares and a sampling of their features.
Small business owners use QuickBooks Pro to track sales and expenses. This program also allows them to create and print professional-looking invoices. Its check-printing capability is useful for business owners who want to write separate checks and then print them together. And QuickBooks Pro is easy to integrate with online banking, because business owners can download their account information into the program. One of the best things about the software is that it can summarize a business's data in easy-to-understand graphs. A business owner can use this feature to view a bar graph that matches each month's income and expenses to see how the two compare over the course of the year. The software can also display graphs showing how each quarter's income compares to income in the same quarter of the previous year. QuickBooks Pro costs $183.95.
Sage Peachtree Complete Accounting gives business owners the flexibility to print forms or handle tasks online. For example, they can choose to print an invoice or email it to the customer. When they produce graphs of business data, they have the option to email the graphs, print them, or save them in PDF format. Using Sage Peachtree Complete Accounting is almost like having a accountant on staff because it can catch common accounting mistakes before they lead to poor business decisions or tax errors. And it allows business owners to keep track of the depreciation of as many as 200 fixed assets, which is a lifesaver when you file taxes. This software sells for $299.99, or $269.99 if you are purchasing it as an upgrade.
Getting started with Avanquest Bookkeeper is simple because its Setup Wizard walks business owners through the process of importing credit card information, bank data, and customer lists. This software is great for small business owners who manage multiple employees because it can handle payroll tasks, including figuring out deductions. Avanquest Bookkeeper is also useful when dealing with customers; it provides the capability to accept payment through credit and debit cards, and it allows business owners to print price estimates and customer invoices. And this software helps business owners to analyze their company's progress by producing 125 different reports. Avanquest Bookkeeper sells for $39.95.