Accounting Software

10 Advantages In Using Computerized  Accounting

There are two main accounting programs for small to mid-sized businesses, QuickBooks and Peachtree software. We recommend QuickBooks for those with less accounting knowledge or experience. However, Peachtree does offer some advantages for those with knowledge of double entry accounting. Whichever you choose they can help run your business more effectively. Here's How:

1. You save time on bookkeeping and paperwork because many simple bookkeeping tasks are handled automatically making it easier to run your business.
    
2. You can easily generate the reports with the information you need, so you always know where your business stands. You instantly know whether you're making money and whether your business is healthy.
    
3. It is affordable. You can use these programs to run a $500 thousand or a $25 million dollar business for a couple hundred dollars. Accounting software is truly one of the great bargains in business.
    
4. They will help your business grow. If you need to design a business plan to secure a small business loan or line of credit or to plan for the future, all the information is readily available. They can create a projected balance sheet, profit and loss statement and statement of cash flows in the format recommended by the U.S. Small Business Administration.
    
5. You can customize the programs to work the way you want. Peachtree will allow you to customize everything to fit your business. QuickBooks will allow the same customization but they have also gone a step further to create customized accounting packages for Contractors, Retailers, Health Care Professionals, and Non-Profit organizations.
    
6. You can rest assured knowing these programs are stable, reliable and proven products. Hundreds of thousands of small businesses throughout the world have chosen QuickBooks and Peachtree software for their accounting needs. QuickBooks is the more popular and widespread program between the two.
    
7. QuickBooks will allow you to share data between your accounting and over 100 business applications. You can even share data with popular programs, such as Microsoft Excel, Word, Outlook and ACT.
    
8. QuickBooks provides for online payments. You can e-mail an invoice or statement and with QuickBooks Online Billing, your customer can easily pay you with a credit card or bank account transfer. No more waiting for the check in the mail!
    
9. You can easily accept Credit Cards. With QuickBooks Merchant Account Service, you can accept credit cards with ease. QuickBooks Merchant Account Service is the only credit card acceptance service integrated with QuickBooks software, which means you don't have to enter the same data twice. No additional software or hardware is required. Your customers can use Visa, MasterCard, or American Express.
    
10. You can pay your bills and bank online. Setup your current bank account in QuickBooks, and you're ready to pay your bills without licking envelopes, sticking stamps, or printing paper checks. Just write checks in QuickBooks as you normally would, then click a button and your participating bank does the rest! Pay anyone in the U.S. from your credit card companies to your pizza service. Online Banking also lets you download your monthly statement from your participating bank directly into QuickBooks for easier reconciliation.