How Simple Small Business Accounting Software Can Help Your Startup?

Category: Accounting Software

qnaPerfume connoisseur Lisa from Dallas, TX, wants to open her own perfume shop in the city. But while she has the drive and the enthusiasm needed by many young, promising entrepreneurs, Lisa knows that she needs to cover all bases if she wants to steer her proposed business to success. So she asks me if I could recommend any simple small business accounting software.

“I have always been wanting to open my own perfume store. I am such a huge fan of fragrances and I know many people, especially women, will appreciate if there is a business that would provide them with their favorite perfumes at an affordable rate. That is what I plan to offer. But I am also aware that starting a small business can be a taxing activity, especially for someone like me who is pretty much an alien as far as doing business is concerned. I have been doing my research and I keep hearing about accounting software programs for small businesses. Can you tell if there is such as thing as a simple small business accounting software?” – Lisa

Owning your own business is the dream of many Americans who are forever enslaved to their corporate 9 to 5 routine. Bit while images of you manning over the counter, smiling at every customers that come through your door flood your imagination, running your own enterprise is more than just greeting clients and showing them your goods. It also means covering important bases, such as accounting, finance, bookkeeping, and payroll management.

Now, going back to Lisa’s question, it is hard to really provide a definite answer, as there are loads of accounting software that may or may not work for your. That said, I delved on the subject and scoured the internet for simple small business accounting software options.

This page can provide helpful tips on what to look for in accounting software and how to find one that best suits your needs. In the same site you can look at a side-by-side comparison of the best accounting software for small businesses available today.

There are tons of information, which I believe will help you come up to a very intelligent decision. In one article published in the US Small Business Authority’s official website, startup businesses are encouraged to integrate business accounting software that offers the following:

  • Custom reports features;
  • Options to download modules that are industry specific;
  • Customization permissions;
  • Vendor support.

However, Sara Voight, a controller for a tech company, however, has a different advice for business startups. In response to a thread that featured a question similar to the one mentioned in this article, Voight said that startup owners should not burden themselves on which accounting software should they install in their system.

Read more:  Web Based Project Management Software: Online Features A Good Cloud Hosted Tool Must Have

Voight said that it is businesses at the initial phase tend to change their goals and often shift directions towards a different or new targets. It is often best to just pick a simple small business accounting software and from there, define what they want or need in an accounting program.

Once your business is established and growing then your needs will be clearer and you can review the various software packages for a good fit based on your business model and size,” responded Voight in a comment thread.

P.S. For further reading I recommend the following posts about: accounting software with payroll, non profit accounting software, and web based accounting software.

By Louie Andre

B2B & SaaS market analyst and senior writer for FinancesOnline. He is most interested in project management solutions, believing all businesses are a work in progress. No stranger to small business hiccups and drama, having been involved in a few internet startups. Prior to his for-profit ventures, he has had managed corporate communications for a Kansas City-based Children International unit.

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