Analysis of Accounting Applications

Paper Summary:

The paper compares and analyzes three accounting software application packages and their suitability for small and medium businesses; Microsoft Small Business Accounting, Intuit QuickBooks Pro and Basic, and Peachtree (Sage) Accounting 2008. The paper explores the three most dominant trends influencing the development of accounting applications, namely, usability, support for process workflows including quote-to-order and quote-to-cash and integration with legacy applications and ERP systems. The paper concludes by recommending the Microsoft Small Business Accounting for small and medium businesses.

Outline:
Abstract
Table of Figures
List of Tables
Functionality Analysis of Accounting Applications
Usability Analysis
Support for Quoting and Quote-to-Cash Workflows
Integrating Accounting Applications and the Influence on Usability
Recommendation

From the Paper:

"All three applications included in this analysis, Intuit QuickBooks Pro and Basic, Microsoft Small Business Accounting 2006, and Peachtree (Sage) Accounting 2008 support the core accounting features of a chart of accounts and general ledger, the ability to generate reports including P&L statements, balance sheets, and cash flow statements, in addition to support for Accounts Receivable/Accounts Payable, and Inventory Management. In addition, each of these applications also support audit trails, cash flow projections, and despite only one being from Microsoft, all three now support Outlook e-mail notifications, alerts, and integration to the popular e-mail management program (Qazi 2005)."

Sample of Sources Used:

• Rob Bois. (2004). Quoting Complex Products across Multiple Sales Channels--A SalesConfiguration Vendor Landscape. In AMR Research Editing Services (Ed.), AMR ResearchSeries. Boston: AMR Research.
• Louis Columbus. (2003). Configuration Is the Heart of Customer Fulfillment forComplex Product Manufacturers. In AMR Research Editing Services (Ed.), AMR ResearchSeries. Boston: AMR Research.
• Shafat Qazi (2005, October). Should You Consult For Microsoft, Intuit Or Both? CPA Technology Advisor, 15(6), 36-37. Retrieved November 13, 2007, from ABI/INFORM Trade & Industry database. (Document ID: 911845771).

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