Accounting Software
27 Oct 2016
Accounting software can also help you save money. It would likewise be good in the event the accounting software has a completely free trial or a money-back guarantee in place so you may immediately get a refund if you’re not happy. In tough times it’s even more important to select the perfect accounting software for your organization, as it can indicate the difference between barely getting by and excellent success. To assist you find the proper accounting software for your company, take a look at our Accounting Software Buyer’s Guide. Finding the correct small small business accounting software requires you to be aware of the sort of needs you have in regards to ensuring you are appropriately keeping an eye on your finances.
How to choose accounting software
Are you an entrepreneur, self-employed incorporated or are responsible for the accounting of an SME? You should not neglect to choose your accounting software, which has become an ally in the organization and productivity of your business. Start by analyzing your needs: Do you prefer a software online or not? Do you need a payroll service included and a timesheet service? Do you favour simplicity or multiple options? Having established your criteria, see our simple guide to making the best choice.
Sage 50 : http://www.sage.com
Formerly Simply Accounting, the accounting software is probably one of the most used in Québec by French SMEs. It is a comprehensive system that is simple enough to use, but requires training if you want to do everything yourself. You can prepare payroll in Canada by purchasing an additional module.
QuickBooks : www.quickbooks.com
This software is very similar to Sage 50. It is a bit of use Sage 50 complex but offers some additional features. An online version in English or French is available (see below).
cloud-based online software
These software solutions are available online only: all done in the cloud! Thus, we can do our accounting anywhere, anytime! Very convenient for busy entrepreneurs when on the road. This is clearly the trend in the accounting software field.
Xero: https://www.xero.com/
Xero is a complete system with which you can do almost anything. Like most software, you will definitely need an accounting background to use it effectively. If you have an online business, buying some additional modules (plug-in) can help to link your sales and invoices directly. Several additional modules are available, for example to prepare payroll or to communicate with other applications.
Kashoo: http://kashoo.com/
This software offers just under additional modules that Xero, but it’s definitely a good choice when you need fewer options, and has the advantage of being easy to use. Only one package is available (you can get a discount if your accountant uses it for their clients). In addition to all the basic functions, it can connect to Freshbooks or other software to import data. Note a few weaknesses in creating invoices for customers. We believe the visual interface and usability could be updated.
Sage One : http://www.sage.com
This software is very young and was developed by the same company as Sage 50. It works great for invoicing, bank reconciliation and automatically import transactions from the bank account. Work remains to be done by cons to make it a perfect software such as Sage One still does not prepare payroll, and many reports are improving.
QuickBooks Online: www.quickbooks.com
This version of online QuickBooks desktop software described above is available in an inexpensive basic package. By cons, you will probably soon need more advanced and more expensive packages. We noted that it is sometimes a bit slow when using. For the rest, it is very similar to its desktop version; Note that you cannot perform migration from one platform to another.
Freshbooks: http://www.freshbooks.com
Freshbooks is a system specialized in online sales invoices. This is a good choice for self-employed, since it allows proper monitoring of customer accounts and suppliers. Only drawback: it is not a double-entry accounting system (debit-credit), which may not be sufficient for an incorporated business that requires the production of financial statements.
Feel free to take advantage of free trials that offer most of the software to ensure that its use may become instinctive for you.
Based on how successful your business is, you might or might not have the capacity to pay for an accountant. Thus, even if a company experiences a significant computer problem, they won’t need to be worried about losing important financial records. This way, it can save on the costs of hiring a full-time accountant.