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. SYSPRO (SysproUSA)
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.
List Of Top Software Companies
Word processing and spreadsheets were the first of the killer apps for home computers when PCs first started to propagate to the millions of households out there. Then, there were Internet Browsers that took everyone by storm. So what are the hot categories and hot products now? There are more products then ever out there for the home shopper and many of them not that good. The list is neither exhaustive nor scientific, but the products listed here are definitely great! If you have a computer at home, take a look at these products!
Top 10 Best Software Products -
The household computer software marketplace has never had so many choices and for the classes listed above there are too many products to observe. However, listed below are 10 major software programs that are the most popular programs you will run into as of late! Check these out, they may just do you some good!
Microsoft Office System - Best office suite
Microsoft has blended its popular Office suite with its enterprise system to create what it now calls Microsoft Office System. But while the name is different and Outlook has gotten a face-lift, Microsoft hasn't done much to the other apps in the suite. So the burning question remains: Should you upgrade?
Adobe Creative Suite 2 Premium - Best all-purpose graphics suite
Photo and design specialists will appreciate the increased integration of files among this suite's various apps, which include Photoshop, Illustrator, GoLive, and Acrobat. The premium edition also includes Adobe Acrobat Professional 7.
Intuit Quicken Premier 2006 - Best personal-finance software
Put your money on our personal-finance pick: Quicken 2006. Its ease of use and great design beat Microsoft Money's alluring online freebies. It's definitely the best money-management choice for first-timers, but those who already use Quicken 2005 probably don't need to upgrade.
ZoneAlarm Internet Security 6 - Best Internet Security suite
A straightforward and effective all-in-one firewall/privacy/antivirus/antispam/antispyware product, ZoneAlarm Internet Security from Zone Labs is worthy of consideration in any household or situation. It offers the best software firewall, antivirus, and privacy security available to PC users today. Its simple and simple tab-based interface is blissfully intuitive to navigate, making ZoneAlarm far less imposing than Norton Internet Security 2005 and easier to operate than McAfee Internet Security Suite 2005.
MailFrontier Desktop - Best antispam software
MailFrontier Desktop 4.2 serves up strong spam-fighting instruments that are so easy, you don't even have to think about them--exactly what you need from a junk-mail filter. The program's operation is outstanding, as well.
In informal trials, it confined more of the junk right out of the chute than Norton AntiSpam 2005 or McAfee SpamKiller 6.0, while tagging fewer legitimate messages (false positives). After just a few days of training, MailFrontier Desktop imprisoned almost all of my junk with almost no false positives--the greatest results we've seen from any desktop antispam filter.
Trend Micro PC-cillin Internet Security 2006 - Best antihacker software
PC-cillin Internet Security 2006 has a few defects, but overall it's an inexpensive and feature-packed security system suite. This package reliably fights against online threats.
Lavasoft Ad-aware SE 1.06 - Best antispyware software
Ad-aware SE is just the advisable selection for preventing spyware and adware under control on your PC.
Adobe Audition 1.5 - Best audio-editing software
Adobe acquired Syntrillium Software in May 2003 and morphed its flagship Cool Edit Pro product into Adobe Audition. Version 1.5, which is fairly priced at $299, results in a dynamic yet acquirable audio-editing powerhouse, now better incorporated into the Adobe video-editing product suite. Although knowledgeable audio recording editors will get the best use out of this program, several useful features are simple enough for beginners.
GoToMyPC 5 - Best remote-access computer software
If you don't mind paying, GoToMyPC 5 has an outstanding choice for working remotely on a PC. It misses a full free version, but a free 30-day trial is available for download.
Apple Mac Tiger OS - Best operating system
Better than Windows? Apple's latest Mac OS X release might just be our new popular operating system. With built-in background search, RSS, and 64-bit acquirable memory, Mac Tiger OS delivers where Windows only promises.
Both Ashish Jain & Kristi Ambrose are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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