List of Accounting Software

List of Accounting Software

There are many companies that manufacture different types of accounting software. Given below is the list of accounting software that are endowed with different applications:

Low-End Accounting Software

• Vision Point 2000
• QuickBooks Pro 2002
• Peachtree Complete Accounting 2004
• M.Y.O.B. Plus for Windows
• Business Works
• Business Vision 32
• Small Business Manager
• Oracle Small Business Suit
• Quick Books for the Web
• Simply Accounting
• ePeachtree
• MAS 90 and MAS 200
• ACCPAC Pro Series

Mid-End Accounting Software

• ACCPAC Advantage Series Corporate Edition
• Accoutmate
• SYSPRO
• Navision
• Solomon
• SouthWare Excellent Series
• Traverse
• Great Plains

High-End Accounting Software

• Axapta
• Epicor
• e-Business Suite
• MAS 500
• Lawson Enterprise
• One World
• Oracle Financials
• People Soft
• SAP R/3

These were few of the types of accounting software that you can choose from. Apart from this there are many online free accounting software that you can use but it is difficult to track their authenticity. So it is advisable to buy a standard software from the authentic dealer. Now go ahead and keep an effortless track on your financial behavior.

Accounting Software

 Accounting Software

Accounting is a part of every organization, be it small or big, one has to maintain the daily financial transactions. Earlier people used to use accounting books and files where the financial transactions were maintained manually. But humans can make mistakes hence, it was inconvenient at times. But today, a lot of companies use varied types of accounting software as per their needs and requirements. Not only businesses and company owners use the software but common individuals can use different types of accounting software for the personal use. Some of the software are also very flexible and can offer a range of applications that can adapt work flow as and when the need arises. Such accounting software can help you enhance the compliance, increase the staff productivity, improve the date accuracy, and reduces the errors. This all results in increased profits and higher revenue.

Tax Accounting

Tax Accounting
An accountant who helps either an individual or a firm in filing a income tax return or planning taxes is known as a tax consultant. The tax accountant must be aware of the rules and regulations pertaining to tax policies.

An accountant analyzes and interprets data and is responsible for recording all financial transactions of the company or an individual. In any organization, they are part of the core team that studies the risks for future development and growth. As the financial sector grows, career opportunities in accounting would possibly be an excellent choice for a rewarding career.

Management Accounting

Management Accounting
Accountants who specialize in this type of accounting are also known as private, industrial or corporate accountants. Management accountants provide their services to business houses for recording and studying the company's financial data. Their portfolio in the private firms includes cost and asset management, budgeting and performance evaluation. This is more on the basis of employer-employee relation. They also perform internal audit to review the company financial management practices and keep an in eye for any mismanagement and fraud. The accountants who perform these audits have specializations in, compliance auditing, information technology auditing or environmental auditing.

National Income Accounting

National Income Accounting
This type of accounting is predominantly for the government and is responsible for providing the general public the data with reference to the gross national product about all market-related information, such as the value of the country's goods and services provided and its purchasing power.

Government Accounting

Government Accounting
This form of public accounting is specific to government agencies and ensures all revenues and expenditure are in accordance to law. The conventional accounting methods of double entry system in ledgers and journals are used here. Government accounting is differentiated from other types of accounting in respect of providing service that is not profit based but service based. Government accountants are employed by the federal government, either as a part of the IRS or any other budget or asset management division.

Public Accounting

Public Accounting
This type of accounting is the most varied type and includes bookkeeping, account management and financial analysis for individuals, private businesses, public firms, government or NGOs, which are based either based nationally are internationally. A public accounting business can have one or more accountants and both certified and non-certified accountants can provide public accounting services to their clients. A public accountant can also be involved in external auditing or forensic accounting. Public accounting involves analyzing historical financial data to check for any discrepancies such as money laundering, embezzlement, frauds and any other illegal financial transaction and draw it to the attention of the law enforcement authorities.