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Accounting and Tax Guide: Accounting Software and Tools


Contemplating Your Own Business? Adequate Financial Software is a Must!

The idea of being the boss is probably grazed the minds of many folks. While climbing the corporate ladder from the very bottom to the very top is a possibility, the truth is that it could take a very long time, or may not even happen at all. Opting to forego the “corporate ladder” experience and seeing someone else's name on their w-2 form, many individuals are choosing instead to pursue a business of their own. Who knows? You could just end... [Continue Reading]

Free Small Business Accounting Software

Free small business accounting software primarily focuses on assets. Assets may be described as valuable resources owned by a business, which were acquired at a measurable money cost. As an economic resource, they satisfy three requirements. In the first place, the resource must be valuable. A resource is valuable if it is cash/ convertible into cash; or it can provide future benefits to the operations of the firm. Secondly, the resource must be owned.... [Continue Reading]

Microsoft Moves to Small Business Accounting/Retail Market - Stakes and Thoughts

In this small article we will be looking at the new opportunities for Microsoft Small Business Server specialists, but rather look at the global business strategy and possible ways of future ERP modules standardizing and interoperability. This is important to get into consideration for midsize and large corporate business IT decision makers. Let’s look at the chronology and possible future development. • Great Plains Software acquisition. When... [Continue Reading]

Business Accounting: 7 Steps To The Best Software Solution

It is important to know in business where money is coming in and where it is going out. As such, accounting is one of the most vital processes in any business. It is even more important than developing products and selling. The management of the flow of revenues and expenditures is what ultimately makes a business fail or succeed. Accounting is simply called the language of business. The requirements of every business may vary, but the general... [Continue Reading]

Retail Business Accounting Software: A Great Help

Retail shops are nearly always teeming with people. They come in a large number and on a busy day, during peak hours, it might become almost impossible to deal with so many customers. The task of managing accounts in such a situation can be really tough due to the sheer variety of the products people buy. Therefore, for a retail shop owner it is very important that he knows what has been sold for how much and when so as to keep his business profitable. It... [Continue Reading]

Top 5 Accounting Software for Small Business

1) Intuit QuickBooks Accounting Software Quickbooks is a popular full featured accounting and payroll program designed for small businesses - or, I should say, a small business accounting software series. QuickBooks is available in Basic, Online, Pro, and Premier editions; the Pro Edition of this accounting program includes management tools such as a Vehicle Mileage Tracker and a Cash Flow Projector. 2) Simply Accounting Accounting Software Full featured... [Continue Reading]

Sample Company File in QuickBooks - Valuable Tool for Self-Study

Have you ever wondered what would happen in your QuickBooks file if you performed certain operations, but were too afraid to try? Did you know that you can experiment with your ideas, and not make a mess in your QuickBooks file? When you installed your QuickBooks file, you also installed Sample Company files. Intuit designed these so that you could experiment with any idea or concept you have, and not take a chance messing up your own file. Best Way to... [Continue Reading]

You Have QuickBooks - Now What?

You have either started a new business, decided to get your financial information in order for your existing business or your tax preparer has announced that he/she won’t do your tax return anymore if you bring in one more year’s receipts in a shoebox or plastic bag. So on the recommendation of friends, business associates, accountant, or other professional in the know you have purchased QuickBooks. And if you are like most people you have installed it... [Continue Reading]

How to Choose the Right Computer Training for Accountants

The old image of the accountant might be best illustrated by Bob Cratchit sitting on his stool in the money changing firm of Ebeneezer Scrooge. He sits in front of his massive ledger book painstakingly entering figures with a stubby pencil. This does not reflect the current profession of Accounting. While the principles of Accounting might have remained much the same, the computer has revolutionized the way that these principles are applied. Computer... [Continue Reading]

What is Owner's Draw in QuickBooks? How Does Owner's Draw Work?

If you are a sole-proprietor, you may have wondered about the Owner’s Draw account and how it works. I’ll try to explain it in a way that makes sense to people who use QuickBooks. Owner’s Equity, Owner’s Investment, and Owner’s Draw - Defined If you open the Chart of Accounts in QuickBooks, scroll down to the Equity accounts – normally about half way down. You may see one or more of these names: Owner’s Equity, Owner’s Investment, or... [Continue Reading]

EXCEL Tutorial - How to Construct a Compounding Interest Financial Calculator

You can construct an almost infinite variety of calculators right within your MS EXCEL spreadsheet application. Here is how you can construct your own 10-year compounding interest financial calculator that would help you to see, for example, how much your $100 will grow at x percent of interest a year, on a year by year basis. 1) Launch a clean worksheet in Excel. 2) Reserve the cell A1 for your principal dollar amount. Think of this as your... [Continue Reading]