Choosing Accounting Software

3. CheckPoint: Choosing Accounting Software

 

 

 Due Day 4 [Post to the Individual forum.]

 

 Resource: “A Strategy for Finding the Right Accounting Software” at http://www.aicpa.org/pubs/jofa/sep2003/johnston.htm

 

 Write a 200- to 300-word response addressing the following topics:

 

 

o Identify the different types of accounting software.

 

o Provide the names of different software programs for each type of software.

 

o Discuss which companies would use each type of software(68).

There are four types of accounting software for businesses: Entry-level software, small to medium business software, small to medium enterprise software, and enterprise resource planning software. A few software programs available for the entry-level accounting are Quickbooks series, Peachtree, and Microsoft Money Small Business. Three accounting software names for the small to medium business are QuickBooks Enterprise Solutions, Peachtree Special Edition of MAS 90, and TRAVERSE. For the small to medium enterprise, three software names would be ACCPAC Pro Series, MAS 500, Microsoft Business Solutions – Axapta, and SouthWare Excellence Series. A few software names for the enterprise resource planning are Oracle Financials, System21, and J.D. Edwards ERP.

New businesses or start-up companies would benefit from entry-level software, such as a new bookstore or a new jewelry maker. Small to medium business software is more for businesses who have been around a while but are still small such as a buy here, pay here car dealership or the herbal shop on the corner. Small to medium enterprises would benefit more experienced businesses such as companies with moderately well known names such as Papa Murphy’s Pizza or Circle K. The largest of these businesses being the Enterprise resource planning would be made for large companies such as Hewlett Packard or Hilton Hotels.