Best Accounting Software

What is the best accounting software available on the market? Good question! And though we’d all like to believe there’s an answer out there just waiting for us to find it, the truth is, there are so many different accounting software programs available for your business; the answer is largely based on your needs. So, what do you need to do to find the best accounting software for your business? Follow these steps to make sure you find your optimal solution!

Decide who will be involved.

For a small-medium sized business it typically includes the CFO/CEO, staff accountant or controller, IT person, bookkeeper, and often will expand to other employees. Since the decision will affect most employees, it’s good to include them, at least in some part. Of course, only the major decision makers will be involved in the actual search processes, but you can keep employees happy for years to come and make their jobs easier by considering their feedback in your decision.

Develop a ‘must have’ and a ‘wish list’ of features.

For your best accounting software, there are certain things you must have for your business, and other things you want but don’t need. Sort out your absolute needs from your wish list items and write them down on paper. Have others who are involved do the same, and then organize them neatly on one document, so it will be easy when you talk to vendors. Use this accounting software checklist to keep you organized.

Search for potential vendors.

Once you have your list in hand, you are ready to start your search for potential vendors. There are many ways to start creating your short list, whether it’s asking your accountant for advice, asking friends and business associates for recommendations, or searching on the internet. Searching on the internet can be a challenge, since there are so many Web sites available. Use and search by need to start narrowing down your choices.

Contact vendors.

Now it’s time to start contacting vendors and see who has the best accounting software for you, your business and its specific needs. Remember, every accounting software is the best in somebody’s eyes. But the only one that’s best for you is the one that can handle your specific needs, and remain within your budget.

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