Accounting Systems for Small Businesses

I found an interesting article in regards to small business accounting systems.  Essentially the site ranks different systems for small business use and provides criteria that they evaluate these systems by.  I thought it was pertinant to the subject of small business technology, because smaller, independent accounting firms need to have good systems in place in order to keep their books straight.  It is not like a major corporation where you have somebody coming to audit you and keeping your records straight.  Good accounting systems can be essential to your success.  Here is an excerpt from the article.

One of the hardest things about evaluating software products is determining what features are likely to be the most important for the intended users. Obviously, needs will vary depending on the type of business. Retail shops will need a strong inventory module that tracks product life, assigns value and produces solid reports. An e-commerce module may also be important to retailers who wish to sell products online. A service-related business will have other needs, such as the ability to set up varying services with related cost. The needs of a coffee shop, law office or small nonprofit will be different, as well.

The point is that everyone’s needs are different. So the product that receives the highest rating here may not be the product that is best suited for all small businesses. Business owners, along with the assistance of their most trusted business advisor, are the only ones who can make that decision.

What we try to accomplish with our product reviews is to provide a window into the product. What features does it offer? Is the reporting solid and comprehensive? Can you customize reports for your business? Can you access the product from anywhere? Is there adequate training and support available? Is it affordable?

We evaluate areas such as Basic System Functions, covering everything from product installation, ease of use, general system navigation, and the inclusion (if any) of industry-specific features for nonprofit organizations, retail businesses, construction and service-related businesses.

You can read more about these interesting analysis methods at the folling link: Source