List Of Top Accounting Software For Your Business

List Of Top Accounting Software For Your Business
Simply put,​ accounting is​ the​ lifeline of​ a​ business .​
Accounting deals with summarizing,​ analyzing and reporting the​ financial data and information about a​ business .​
An accounting software records and processes the​ accounting transactions of​ a​ business within its functional modules .​
Financial statements consisting of​ the​ balance sheet,​ profit and loss account,​ and statement of​ changes in​ financial position can be easily prepared with an​ accounting software.
An accounting software is​ all about the​ various functional modules that it​ has .​
Some of​ them are- General ledger which takes care of​ the​ company's financial dealings; Accounts Payable where the​ company enters its bills and pays the​ money it​ owes; Accounts Receivable where money received is​ entered.
The different categories or​ types of​ accounting software are as​ follows:
a) Small business/personal accounting software which are mainly meant for home users .​
They are simple and inexpensive with simple functioning such as​ management of​ budgets.
b) Low end accounting software are for small business markets that are capable of​ serving a​ single national market .​
Such software are characterized by 'single entry' products.
c) Mid market accounting software are for companies with large businesses .​
These software are capable of​ serving the​ needs of​ multiple national accountancy standards and facilitate accounting in​ multiple currencies.
d) High end accounting software are complex and expensive business accounting software that are also known as​ Enterprise Resource Planning or​ ERP software.
However,​ you​ have to​ keep certain things in​ mind before buying an​ accounting software,​ like the​ prices of​ the​ software,​ its different features,​ its after-sales support and alike .​
Most of​ the​ accounting software include all the​ important accounting modules .​
The more specialized features a​ software has,​ the​ more expensive it​ becomes .​
Your software features must be compatible with your business .​
Also,​ the​ after-sales support is​ important like FAQ package,​ local service center and others.
There are a​ lot of​ top accounting software available in​ every category .​
So,​ it​ is​ not easy to​ select the​ best ones .​
Below are top five accounting software in​ every category.
A .​
Small business/personal accounting software:
1 .​
ePeachtree (Best Software)
2 .​
MYOB Plus for Windows (MYOB Software)
3 .​
Peachtree Complete Accounting (Best Software)
4 .​
QuickBooks Online (Intuit)
5 .​
Small Business Manager (Microsoft)
B .​
Low-End Accounting Software:
1 .​
BusinessVision 32 (Best Software)
2 .​
MAS 90 & MAS 200 (Best Software)
3 .​
QuickBooks Pro 2003 (Intuit)
4 .​
ACCPAC Pro Series (ACCPAC International)
5 .​
Vision Point 2000 (Best Software)
C .​
Middle-Market Accounting Software:
1 .​
ACCPAC Advantage Series Corporate Edition (Best Software)
2 .​
Great Plains (Microsoft) MAS 90 & MAS 200 (Best Software)
3 .​
Navision (Microsoft)
4 .​
SouthWare Excellence Series (SouthWare)
5 .​
D .​
High-end accounting ERP Market:
1 .​
Axapta (Microsoft Software)
2 .​
e-Business Suite (Oracle)
3 .​
MAS 500 (Best Software).
4 .​
Solomon (Microsoft)
5 .​
ACCPAC Advantage Series Enterprise Edition (Best Software)
In compiling the​ above list,​ a​ variety of​ factors such as​ feedbacks from customers,​ scalability of​ the​ software,​ and after-sales support are used .​
Also,​ the​ different attributes for different categories have been considered like for ERP software,​ attributes such as​ manufacturing solution,​ supply chain solution and database solution .​
The above compilation may not be all inclusive and some people might choose to​ differ with it​ but it​ is​ almost near to​ perfect list.

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