There was a time when small businesses could run their operations with little to no book keeping or accounting practices. But with more and more people leaving their 9 – 5 job and opting to take their chances running their own small business either from home or an office is driving the demand for accounting programs. Countries all over the world are reporting an increase in small business and these small business help make up a countries GDP thus helping fuel their economies. The need for accounting programs for small business has never been greater as it is today, in fact most businesses can not get away with not having some sort of accounting program in place, to help run the day to day finances of their businesses.
Each business is different in regards to accounting needs. Some businesses choose to outsource most of its accounting duties during tax season while others have accounting programs ranging from simplistic accounting programs to advanced accounting programs. Stricter government regulations over the years have made it mandatory for all businesses to properly file and abide to accounting regulations in place.. It is imperative that a businesses accounting program is up to par in doing so and can sometimes mean the success or failure of your business.
One of the more simple programs ion the market today is Microsoft Money. This program is pre-installed on most PC’s manufactured today and its simplistic interface is the main reason it is such a hit for individuals and small businesses that choose to use this accounting program. As far as small businesses are concerned Microsoft Money can might be able to meet your accounting needs but be aware that the program is geared towards personal finance. However Microsoft does offers a version that is catered to the small business called Microsoft Money Small business 2006.
There is also the accounting program Quick Books which is geared towards the small to medium sized business and is much more advanced then Microsoft money. This program is designed by a company called Intuit, that offers free support when you purchase their product which may come in handy as not all accounting programs offer the level of support you will receive from Intuit. Quick Books allows you to tailor reports and the interface to suit your companies needs and help streamline your business accounting. It will also set up all your files and prepare them for the year end tax season, this accounting program is defiantly the accounting program of choice for many small business.
With the number of accounting programs out there its not very difficult to choose the program that will best suit your accounting needs If you’re a startup operating out of your basement or you are a medium sized business with hundreds of employees worldwide there is an accounting program that will help your business comply with government regulations and accounting policies.