What is the most common mistake that small businesses make when purchasing accounting software?
The most common mistake is purchasing the software on someone else’s recommendation without taking the time to evaluate the needs of your business. There are several popular small business accounting programs that repeatedly receive *Editor’s Choice* awards in the computer magazines. Before running out and buying that software, the small business owner needs to understand how that software was judged, and what their business needs to obtain from the software. For example, we all know that Intuit’s QuickBooks is the best selling small business accounting software. It is a great software program and offers good functionality. It is easy to setup and use which is why it is so popular. However, it lacks good inventory functions so it would not be good for a retail company, or even a handmade crafts business that required heavy inventory controls. On the other hand, QuickBooks Pro offers good time and billing features, which makes it a program worth a look for service-oriented businesses. Q
