Small business accounting needs have helped to make Intuit’s QuickBooks software program one of the most popular in the world. There are other programs that can match QuickBooks’ utility for a smaller company, such as Peachtree, that have become interchangeable with QuickBooks. But what about midsized companies with specific needs, such as large amounts of inventory or a complex employee setup? Can their demands be fulfilled with a program like QuickBooks?
There’s no blanket answer, and it would depend on each individual company. Some may be able to continue using QuickBooks as their accounting software, but other firms would need to consider switching to a larger program that can handle more detailed and sophisticated information. There are many programs that can do just that, and one of the most popular is the suite offered by Thomson Reuters. They can bundle their services so that you get Tax software, Accounting software, Time Tracking software and many other administrative tools that can help you become much more efficient in the workplace. But these types of software programs often require a greater understanding of the accounting process in order to be done correctly, so the next question a business owner faces is: Should I keep my current bookkeeper (whether one is hired or the business owner does the work themselves), or switch to a professional who is educated, trained and experienced in this type of work? That answer also differs depending on the company and business owner.
If you are interested in investigating your options, feel free to give us a call at 570-430-8062 and we can take a look at how we could best serve your needs, whether as your sole accountant or as a supportive resource on the side. The type of partnership you choose is up to you.
The following article explores the different small business accounting packages in greater detail: