This article aims to provide you details about the greatest strengths of five popular accounting software products. You can leverage the strength of a particular application and utilize it for your specific requirement. Here are five accounting software solutions that stand out for their respective strong points.
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1. For All Your Accounting Needs: AccountEdge
AccountEdge offers a module named Chart of Accounts where users can manage all their accounts. They can select from 100 Charts of Account templates or create their own. Repetitive transactions can be set once and then used regularly. Users can create double-entries for asset, liability, income, equity, and expense accounts.
Important business data can be made secure with AccountEdge. The Company Data Auditor feature backs up and verifies business files, locks down reconciled financial data, records audit trails, and runs reviews to make sure all accounts are balanced. AccountEdge also provides a tool named “Business Insights” for Mac users that calculates key financial data, and provides real time-information on turnover, profits, and operating balances between fiscal years. Our software directory lists a detailed review of AccountEdge as well as numerous reviews of other accounting software services.
2. Great for Reports and Analytics: MS Dynamics GP
MS Dynamics GP uses graphs and charts to provide robust role-specific analytics and insight. The tool allows tracking of additional information through document attachments such as invoice copies, contracts, pictures etc.
Users can set report budget by month, quarter, or year with customizable views and forecasting features to predict, monitor, and control inflows and outflows to track the liquidity of their company. They can also streamline period-end and year-end expense reports, project timesheets, and reporting processes.
3. Clean and Easy-to-Use Interface: Intacct
Intacct’s default dashboard is sure to be familiar those who have previously used accounting software. This dashboard can be customized with shortcuts created for handling common functions. The system allows users to only use required applications, thus boosting productivity by eliminating time-wasting systems.
Another strength of Intacct’s interface is it makes it easy to implement multiple features thanks to the availability of different viewing options. It is simple and smooth to adopt one platform from another. These strengths make Intacct rank among the best accounting software applications in the market.
4. Takes Care of Your Inventory Requirements: QuickBooks Enterprise
QuickBooks Enterprise stands out as it helps users build all subassemblies automatically with a final build, instead of entering them individually. There is no need to worry about maximum or minimum stock levels. Users can create thousands of advanced price rules based on any combination of vendors, items, customers and more.
There are more inventory benefits offered by QuickBooks Enterprise: The QuickBooks Inventory Center makes it easy to locate and find inventory tasks by enabling users to access their inventory items and reports in one place. The application helps to maintain dependable inventory counts even when a single order is delivered in multiple shipments.
Your business can become scalable as QuickBooks Enterprise adds and tracks hundreds and thousands of inventory, non-inventory, and business items. Customers can use the built-in inventory stock status report to check their inventory needs quickly and reorder if required. Users can save time by entering and editing item information in bulk from a single spreadsheet view. Finally, QuickBooks Enterprise’s “Available to Promise” feature puts key inventory information on one simple screen.
5. Integration and Productivity: PlanGuru
PlanGuru augments QuickBooks by providing this accounting product with more analytical power. You can seamlessly stream data between the two applications. QuickBooks users can save plenty of money by using PlanGuru instead of investing thousands of dollars on expensive enterprise resource solutions.
PlanGuru also works well with MS Excel. The application makes use of Excel’s strong features for number manipulation while offering more security in the accuracy of data. PlanGuru’s row and column grid format is also similar to Excel. Thus, PlanGuru’s integration capabilities with QuickBooks and MS Excel make it stand out among the many accounting software applications in the market today.
Conclusion
We hope this article on 5 popular account software products helps you choose the best application for your business needs. Check out the features of these and other accounting software products.
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