Accounting Tips For You

Whether you are upgrading your accounting software or making your first software purchase, when you decide to make an investment in accounting software, you’ll want to do your homework, but where do you start? Features, ease of use and price are things you’ll want to investigate before making your purchase.

Your first concern should be to determine what you want to get from your investment. Don’t jump right in, take some time to evaluate what you need to know. Each edition of QuickBooks provides a different level of information. Ask yourself if you want just the basics, such as tracking cash, or do you need to track more information like inventory or job costing? If you only need the basics, you can start with the SimpleStart edition. Do you track inventory? Inventory can be tracked in Pro, Premier and Enterprise editions, but more advanced inventory features, such as, tracking costs associated with assembled items and setting price levels by customer or customer type is best handled in Premier and Enterprise Solutions. Businesses that have hundreds of thousands of inventory items, customers, or vendors will find that Enterprise Solutions has the capabilities to handle your business needs without compromising the flexibility features that we’ve come to appreciate in other QuickBooks Editions.

Next, you’ll want to consider how many people will need access to your data file. Will you be the only user, or do you have employees that will need to have access too? QuickBooks SimpleStart is a good option if you only need access for one user. Businesses that need multiple user access will find QuickBooks Pro and Premier editions can accommodate between 1 and 5 users while the QuickBooks Online and Enterprise Editions offer access ability for up to 20 simultaneous users.

Now, you’ll want to consider your business and determine if in Read more