Accounting Solutions for Small Business


By Jamie Bsales | Published on: 01-May-12

Original post on 5/01/2012. Updated on 5/16/2012 – We're making our guide to small business accounting software even more awesome by adding two new products released today by Sage. If you own or manage a small business and need an entry-level option, take a look at the cloud-based Sage One, which specializes in bookkeeping and business management. The Sage 50 line of products is designed for companies that need a beefier accounting solution. You'll find more on each new release in the article below.

Money comes in, money goes out. And more money goes out. Allow that trend to continue for too long and you won’t be in business. That's why a small business accounting solution is critical: You need to be able to see at a glance the health of your finances and quickly identify trends and opportunities. And forget accounting jargon and inscrutable ledger screens. Today’s approachable packages generally hide the nuts-and-bolts and deliver top-level "dashboard" synopses so you don’t need your accountant to tell you where the business stands.

If you are starting a new business, switching to a new accounting platform, or Excel just isn’t cutting it anymore, you have myriad choices. Your first decision, though, is whether to stick with a traditional desktop application, or sign up for one of the newer cloud-based services that let you access your account from any Internet-connected PC.

When deciding between an online or desktop accounting solution, you should consider your access preferences. Desktop solutions can only be accessed on the PC where they reside, while online solutions can be accessed from anywhere -- but if your Internet connection is down, so is your accounting software.

On the plus side, online providers often roll new features into the service on an ongoing basis, so every time you log on you are using the latest version. With desktop software, you have to upgrade to get new features. Of course, buy that desktop package once, and it’s yours to use for the rest of time if you like. With an online service there’s a monthly fee stretching as far as the eye can see, and eventually you’ll pay more than you would have for a one-time purchase of the desktop software.

Figure 1: Intuit QuickBooks offers a convenient Calendar view that shows all your tasks and deadlines in one place.

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2008-07-09 20:17:59 by warnerms

Linux Business Partnership?

I started Seattle Linux, Inc., in 2005 as a single person entity, established to provide Linux Services & Support for Small Businesses (5-20 persons). Owing to contraints on my time, at that time (2 year old child, sick 1/3 of the time and home from daycare), I was not able to make it work. Even now I'm generally only available during regular business hours. One thing I did find was that businesses have a certain expectation of business longevity. The sort of calls I would typically get, would be from small companies that had had a single person company set up their Linux systems, and then that person was no longer available for support due to any number of factors

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