Review On Business Accounting Software By Sage And Microsoft
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Review On Business Accounting Software By Sage And Microsoft. Accounting is one of the most vital processes in any business. To say the least, it is even more important than manufacturing goods and selling them.
Flow of revenues and expenditures ultimately decides the
fate of a business as does its proper management.
The requirements of every business may vary, but the general
requirements of a business like collection, classification and analysis of
financial data is what constitutes the crux of accounting.
Nowadays, it is becoming a norm to purchase accounting
software before starting a business. You can find accounting software for both
small business as well as large businesses.
In fact, a whole basket of accounting software programs is
there to choose from. Depending on the type of business you have and how you
run it, you have to choose the accounting software that compliments your
business, instead of being a limiting force to it.
Review On Business Accounting Software By Sage And Microsoft. Before reviewing any accounting software, it is important to classify the market of accounting software in the following manner:
a) Small business/personal accounting software is targeted
at home users. Such software are simple, easy to use and inexpensive. They
perform simple functions such as management of budgets quite at ease.
b) Low end accounting software is known for its 'single
entry' products. It serves a single national market quite easily.
c) Mid market accounting software for mid-level businesses
serve multiple national accountancy standards. You can do accounting in
numerous currencies.
d) High end accounting software is also known as Enterprise
Resource Planning or ERP software. These expensive solutions cater to the needs
of huge organizations.
Since the mid 1990s, with the entry of Microsoft and Sage,
accounting software market has simply evolved. In fact, it is simply increasing
at a break-neck pace.
There are various good accounting software in the above
categories of accounting software. Selecting the best one is not that easy.
In the small business/personal accounting section, the best
accounting software would doubtlessly be the Intuit's QuickBooks Accounting
Software pro edition for small business. This accounting software has all the
accounting features necessary for small businesses.
QuickBooks Small Business 2006/ 7, through its time-saving
features and improved functionality aids management of business. By applying
online accounts management of bank statements, this software easily helps in
integrating bank records in a smart way.
Read more: Small Business Credit Cards: Make Your Accountant Obsolete
Review On Business Accounting Software By Sage And Microsoft. With this software, you can rule your growing business accounts effortlessly and productively.
One excellent software, targeted at the low-end accounting
software market is Sage MAS 90 ERP/MAS 200 ERP. This software is also
applicable in mid-market accounting software market. This software encompasses
different worthy solutions.
Some of them are e-commerce, payroll, financial reporting,
customer relationship management, core accounting and much more. This is an
award-winning accounting software.
With key processes like bill of materials, inventory
management and job costing, it aids in the management of business. The advanced
version MAS 200 ERP has the extra function of a client/server platform. It is
known for its scalability and reliability.
In the high end accounting software market, several
excellent accounting software, from some well known manufacturers like
Microsoft and Sage are competing with each other for the market pie.
No doubt, selecting the best one is difficult. Still, I
would go with the ACCPAC Advantage Series which is known for its world-class
multi-tiered functionalities.
ACCPAC accounting software is perfect in the sense that it
allows a business to tune its functionalities according to the needs. The
ACCPAC Advantage Series is available in three editions- Enterprise Edition,
Corporate Edition and Small Business Edition.
The Sage ACCPAC ERP system/Enterprise edition helps you to
increase the productivity of your entire enterprise with end-to-end solutions,
such as CRM. This high end software provides integrated set of end-to-end
business management applications.
Like other Sage software, this accounting software is known for its seamless integration, reliability and high performance which a large organization desires for keeping its competitive advantage over its rivals. (*)