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ACC 250 WEEK 1 CHECKPOINT - CHOOSING ACCOUNTING SOFTWARE

ACC 250 WEEK 1 CHECKPOINT - CHOOSING ACCOUNTING SOFTWARE -...

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Week 1 CheckPoint: Choosing Accounting Software Due Day 4 [Post to the Individual forum.] Resource: “A Strategy for Finding the Right Accounting Software” at http://www.aicpa.org/pubs/jofa/sep2003/johnston.htm Write a 200- to 300-word response addressing the following topics: o Identify the different types of accounting software. o Provide the names of different software programs for each type of software. o Discuss which companies would use each type of software.
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There are basically four types of accounting software to choose from. First, is the entry –level software (Entry). This software is designed for small businesses with up to 20 employees and up to $5 million in annual revenue. Second, is the small to medium business software (SMB). This software is designed for companies with up to 100 employees and up to $100 million in annual revenue. Third, is the small to medium enterprise software (SME). This software is designed for companies with up to 500 employees and $500 million in annual revenue. The fourth type of software is Enterprise resource planning (ERP).
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