Choosing Accounting Software

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There are basically four types of accounting software to choose from. First, is the entry –level software (Entry). This software is designed for small businesses with up to 20 employees and up to $5 million in annual revenue. Second, is the small to medium business software (SMB). This software is designed for companies with up to 100 employees and up to $100 million in annual revenue. Third, is the small to medium enterprise software (SME). This software is designed for companies with up to 500 employees and $500 million in annual revenue. The fourth type of software is Enterprise resource planning (ERP). This software is designed for companies with more than 500 employees and more than $500 million in annual revenue. Some examples of software programs for Entry software include ACCPAC International, Best Software, Intuit, Microsoft Business Solutions, MYOB US, NetLedger and Softline Group. Examples of software programs for SMB software include ACCPAC International, Best Software, Cyma Systems, Intuit, Open Systems, Softline Group, Softrak Systems and South Ware Innovations. Examples of software programs for SME software include ACCPAC, Best Software, Epicor Software, Exact Software, Microsoft Business Solutions and South Ware Innovations. Finally, examples of software programs for ERP software include Geac, J.D. Edwards, Lawson Software, Oracle, PeopleSoft and SAP. A Fine Line Autobody, Korner Market and GN Hotel are examples of companies that would use Entry software. Totally Chocolate and Cascade Radio Group would be examples of companies that use SMB software. Children’s Hospital and Haggen’s, Inc. would be examples of companies that would use SME software. Lastly, Peacehealth Corporation and Microsoft would be examples of companies that would use ERP software. References:

Johnston, (2003). A Strategy for Finding the Right Accounting Software http://www.journalofaccountancy.com/Issues/2003/Sep/AStrategyForFindingTheRightAccountingSoftware
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