Small Business Accounting Software :

With Small Business Accounting Software, we are referring to a basic accounting software package that will cater for the basic features. This would probably include

• General Ledger
• Sales Ledger
• Purchase Ledger
• Customer
• Supplier
• Cash Book

Although the accounting software will maintain the General books of entry, you will most probably have to enter each transaction into a Batch Journal capture screens. The transactions will then update the Sales / Purchase ledger and General ledger.

When the time comes to receive or make payments, again the batch journal would be completed and processed.

You will have the facility of producing Trial Balance, Profit & Loss Account and Balance Sheet reports, plus many others.

You will be able to create Customer and Suppliers and be able to see what transactions have been processed against each account, plus the amount of money they owe you, or you owe them.

With small business accounting software you will also be able to get the following products;

• Stock Control
• Sales Order Processing
• Purchase Order Processing
• Job Costing
• Bill of Materials

The advantage of using small business accounting software is that it is a lot less expensive.

Sage 50 Accounts 2008 (formally Sage Line 50), would fit into this category of small business accounting software.