Accounting Software

Key Features and Benefits

By Frank Owen

Most people consider purchasing an accounting software application when they start their own business. You may own a small business and want to get more organized or are just starting a web based business and want to keep track of your finances. Regardless of your reasons there are multiple accounting software programs to choose from.

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Some software programs fit into the category of enterprise systems or financial management. These software programs tend to be more comprehensive than basic software application packages, which usually handle ordinary features including accounts payable, accounts receivable, general ledger and order entry.

Some additional features you may want to look for include:
  • Fixed assets
  • Purchase order control
  • Shipping and receiving
  • Services
  • Marketing
  • Ecommerce
  • Payroll
  • Fixed Assets
  • Customer Service Management

Customizable Features
Ecommerce is a relatively new application some software providers are offering so businesses can integrate their online business with their traditional business offerings. Most software programs offer comprehensive integrated financial solutions that help automate accounting functions. Look for an accounting software program that is customizable if possible. That way you can customize your applications to meet your specific business needs. Typically, even basic accounting software programs like QuickBooks offers some customizable functions, even if it is just customizing reports and invoices.

Depending on the size of your business keep in mind you may need to investigate an accounting software solution that will allow multiple user access and log in, so you can keep track of who is making entries when. This is a handy feature if you hire other people to handle data entry or process financial transactions in your business.

Article by Frank Owen, visit his web site on accounting software for more on accounting software.

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