Accurate bookkeeping is a necessity to keep your business successful. Even though choosing to do the bookkeeping yourself can at times be tedious, keeping track of your revenue and outgoings is vitally important. Thankfully tax accounting software has come a long way in its ability to help you manage your finances. As more and more companies take advantage of the advances in technology for their accounting needs, the accounting software market is subsequently expanding to meet the demand, and quite frankly the heap of options available is overwhelming. That’s why we’ve taken an in-depth look at two of the standout alternatives—Quickbooks and Sage—to help inform your decision on which accounting software is the right one for your business.
Quickbooks
Quickbooks has a reputation for being the most user-friendly accounting software out there. From the very beginning Quickbooks has a hassle-free installation with an intuitive setup process that answers your questions and checks for understanding along the way. Once operational, you will notice the convenience of Quickbooks extends into its functionality with features such as the Collection Center, an invoicing system that lets you track data from different departments, locations or funds, all in one central place.
But perhaps most impressive is how Quickbooks simplifies your finances by seamlessly integrating online with your other accounts. All versions of Quickbooks come equipped with the ability to be used in conjunction with your online banking and web-based email accounts. In addition you are able to sync these accounts through Quickbooks Sync to online servers, making access to and transfer of information even smoother.
Sage
Though not as well-known for their software’s accessibility, where Sage really shines is in its penchant towards customization. Right off the bat the dashboard can be personalized for ready insight into your business costings. Then there are the seemingly endless number of preset alerts that can be set to send you email notifications regarding anything from low inventory to accounts approaching prearranged thresholds, keeping you several steps ahead of potential disasters.
Sage also provides a unique service with its Internal Accounting Review. This feature acts as a personal accountant, auditing your data to identify routine accounting mistakes, attempting to save you as much money as possible.
Conclusion
Remember that there are many more products out there and most come stock with the fundamental accounting features. What it should come down to is a combination of your comfort-level and experience with navigating accounting software and which product’s features fall more closely within the range of your bookkeeping needs. So make sure you do your research, honestly assess your company’s accounting needs and choose the solution that fits the best.
For more help deciding which software makes the most sense for your organization,contact us today.