Australian SME Business News and Accounting Articles: What are ...

Accounting software online comes in different types with each type serving a different purpose. And when you need to purchase your own accounting software for business or for other purpose, you have to know each type.

• Personal accounting software. Personal accounting software is used for any personal purpose, as the name implies. With such online accounting programs, you can manage budgets, expenses, and income for your own perusal.
• Medium Scale Enterprise. This accounting software online allows you to perform accounting tasks for multiple currencies and different regulation options. Used by many medium scale enterprises and businesses, this accounting software meets international standards.
• Low end accounting software. Small businesses are generally those who benefit most from this kind of accounting software. Operations performed include handling payroll and merging accounts. It has modules which include payroll, customer relationship management, financial reporting, and e-commerce.
• High end accounting software. Also called Enterprise Resource Planning (ERP), it is often part of an all-embracing software suite. Using this would mean needing about 5 or six months of implementation period.
• Inventory-accounting software. This software is useful for situations in sales and purchase that involve the selling of goods. Inventory management is made possible from the beginning of purchase order up to customer sales.

Shoebooks has a number of accounting modules that are tailored to fit the individual and unique needs of your business. There are also different models that you can avail of, with each model proving to be the best that you can find in the market.

Source: http://online-accounting-bookkeeping.blogspot.com/2012/12/what-are-types-of-accounting-software.html

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