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Elaine Chan plans to use an accounting software package for replacing Excel for her Company.The package is free bust she will consider the recommended software

Elaine Chan plans to use an accounting software package for replacing Excel for her Company.The package is free bust she will consider the recommended software is affordable by her. Below are some popular software packages which can be downloaded or subscribed from the Internet.

  1. MYOB Essentials- www.myob.com/au
  2. Quickbooks Online- https://quickbooks,intuit.co.au/oa/online-accounting-software-for-small-business/
  3. Fresh Books- www.freshbooks.com
  4. Quidken- www.quicken.com

Choose one of the above accounting software, reasons for your recommendation to Elaine with discussions to the following features:

  1. Ease of Installation
  2. Flexibility in the initial step up of the chart of accounts and during subsequent modifications.
  3. Frequency of updates from subsytems eg cash, sales receipts
  4. Control procedures to ensure accuracy of input and processing
  5. How easy it is to design the financial documents.

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