Home businesses have now become a trend and are making their mark in the business industry. What is really amazing about home businesses is almost all are only handled by a single person, by a solopreneur. So how do they manage it on their own? Easy, they make use of technology. They make their life easier by means of small business management software. This article will help you determine what is the best small business bookkeeping software for a solopreneur like you.
First, you must know your needs. What are you looking for in a business software applications tool? Second, do you need a desktop application or a web-based program? Third, is the software user-friendly? Fourth, how affordable is the small business accounting software?
Common features that we can find in best small business software are:
Activity Timer that accurately tracks time spent on tasks or activities for any number of clients or projects throughout your day.
A way to keep track of billable expenses that are to be reimbursed by the client.
Add an unlimited number of photos and assign multiple price points to your inventory software.
Notes on the activities or tasks performed.
Generate invoices and reports for any or all clients, projects or activities, for any range of dates. The ability to round off times and print an invoice with a custom header would be important for many people looking for complete billing or invoicing software.
Create lists of inventory which include descriptions, stock numbers, quantities, vendor names and part numbers, reorder points, dates and amounts sold, and costs of all your inventory items with asset management software.
Track customers, what they purchased, how much they spend, and generate income reports.
An inventory database wherein you can track all the things you have on hand, what has been sold and when you need to reorder.
Generate reports on inventory for printing, including items purchased, items sold, total cost of items and total profits.
Easily create invoices for customers and create packing slips and labels. Add your logo to a custom header in this invoicing software.
Record all your expense payments, including purchases, advertising, cleaning, maintenance, and travel deductions. View deposits and debits for any number of expense reporting accounts.
Track other income sources for any number of accounts. Generate account registers for all your income reporting accounts.
Some service business management software will also keep track of schedules, generate form letters to be mailed or emailed, and provide other tools to help you streamline your business. Consider these additional features:
Send promotional materials or other form letters to all of your clients, vendors, family, friends or any other contacts via contact manager software.
Display your appointments, deadlines and other important events in Daily, Weekly or Monthly Calendar formats in scheduling software.
The best business management software also includes tools which allow you to look up where area codes are, calculate time zone differences, and has a universal calculator that adds or subtracts numbers, dates and times, converts length, volume and weight measurements, computes discounts, sales tax, foreign money exchanges and loan payment amounts.
Create To Do Lists with room for notes, deadlines, priorities, etc. with project management software.
One major thing to consider is, should it be a desktop application or a web-based application? Here are some differences between the two:
A desktop application is an application that runs without the need of an internet connection. A web-based application, which includes any software you log on to a web site to access, requires a fast, reliable internet connection.
Desktop software is generally much faster and easier to use than web-based software. If you do not have a very fast internet connection, it could take you several times longer to get the same amount of work done.
If your web connection goes down, or the company's website were to go down, or the company went out of business, you will no longer have access to your data if using web-based applications. A desktop application, if backed-up regularly, is more secure and reliable than a web-based application.
With web-based applications you rent the software, paying monthly fees and often get only email support. With desktop applications, you generally pay just once, and technical support is often included.
The next thing to consider is how easy is the software to use? Is it easy to understand? Are you comfortable using the software? Can you get technical support easily and quickly, both by phone and by email? Does that support cost extra?
The final question is, how much are you willing to spend for this software? You must analyze if the money you'll pay for the best business management accounting software is worth it.
With these things in mind, you can now determine what would be the best business accounting software for your needs. The best business financial software in my opinion is Small Business Tracker Deluxe. It is a reasonably priced desktop application that is easy to use and is available for most Mac and Windows computers.
To better understand its ease, comfort and productivity, and to download a free trial today, visit
http://www.productivity-software.com/sbtracker/ for more details.