Since it is the new fiscal year for most companies, it means starting again in regards to managing your finances and making sure you have the proper setup/resources to do so. Many people use an accountant, a software program or a combination of both. In terms of an accounting software, I was just asked if I use one for my business and if so which one would be the best to get.
In the market here, I guess there are really only two big players which is Intuit and its QuickBooks software along with Sage Accpac and its Simply Accounting program. Iâ€™ve actually used both of them before and without going into an in-depth review, as you can find those everywhere online, in the end I found myself preferring QuickBooks over Simply Accounting. The key reason for this is that it just seemed to be a lot faster and easier to set things up in QuickBooks. For the dollar you are paying, Simply Accounting looked like it provided you with more features for what you are paying for and so if you are an expert with that program it would probably be the one to go with.
An interesting note I thought to show how it seems to be easier to use QuickBooks is that for Simply Accounting I would frequently receive these notices on how I can buy this Simply Accounting Learning Guide to teach me how to use the program or that there are these official training seminars that I can attend to for about $249. With QuickBooks, it seemed pretty straight forward where if I do need to look anything up it would be more due to things such as wanting to customize certain features. If I was to complain about something bad about QuickBooks it would be that that they kind of force you to pay even more money if you want to handle your employeeâ€™s payroll as it nags you to upgrade just for it to calculate all of the taxes and final numbers.
So if I had to recommend one over the other, I would say QuickBooks would be the one to go with if you are not exactly an accounting guru type of person. For other accounting software, I was actually very interested in seeing how Microsoftâ€™s Small Business Accounting performs compared to the two, but unfortunately from what I read it is available to US residents only at this time.