ACC 230 Wk 1 Checkpoint

ACC 230 Wk 1 Checkpoint - currently work for uses...

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Running head: CHOOSING ACCOUNTING SOFTWARE 1 Choosing Accounting Software Cathy Bandelow ACC 230 May 5, 2011 Steven German
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CHOOSING ACCOUNTING SOFTWARE 2 Choosing Accounting Software Accounting software is basically divided into four groups. Entry-level (Entry), small to medium business (SMB), small to medium enterprise (SME), and enterprise resource planning (ERP) are the four groups. Entry is for smaller businesses with revenue of less than $5 million and up to 20 employees (Johnston, 2003). SMB is for businesses with revenue up to $100 million and less than 100 employees (Johnston, 2003). SME is for businesses with revenue up to $500 million and has up to 500 employees (Johnston, 2003). Middle market (MM) is another term for SMB and SME. ERP is for extremely large businesses with revenue which exceeds $500 million and also exceeds 500 employees (Johnston, 2003). Intuit is the maker of QuickBooks accounting software products. The company I
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Unformatted text preview: currently work for uses QuickBooks Pro. The business earns approximately $3.5 to $4 million in revenue annually. Intuit software products such as QuickBooks Pro, QuickBooks Basic, and QuickBooks Premier are geared for Entry type of accounting software. Intuit is also the maker of QuickBooks Enterprise Solutions, which is geared for the SMB type of accounting software. Intuit offers other accounting software for MM types of accounting such as Intuit FundWare. This accounting software is also used for Non for Profit (NFP) organizations. Knowing the capabilities and parameters of accounting software will assist a person in selecting the most advantageous for the company. Cost may also determine which accounting software a company may purchase. CHOOSING ACCOUNTING SOFTWARE 3...
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This note was uploaded on 05/17/2011 for the course ACC 230 taught by Professor Unknown during the Spring '10 term at University of Phoenix.

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ACC 230 Wk 1 Checkpoint - currently work for uses...

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