Accounting Software: Getting to Know the Different Types

8 Jan 2019 Accounting Services

Regardless of the size of your business, it is useful to get to know the different types of accounting software. Accounting software can help you determine how successful your business is and notify you of areas where your finances might need some work. Leskun & Son Accounting knows the benefits that proper accounting services can have for businesses of all types and sizes, which is why they offer a wealth of bookkeeping services and they encourage their clients to implement accounting software in their business.

Types of Accounting Software

There are a couple of different types of accounting software available to business owners and many accounting software systems within each type. The types of software offer varying levels of control, detail, and security to businesses. There are three primary types of accounting or bookkeeping software and they are as follows:

Spreadsheet Accounting Software

Spreadsheet accounting programs offer a high level of adaptability but a low level of intuitive function, in that they do not catch your mistakes or perform complex accounting functions. These programs allow a business owner to record information and make simple calculations, which is useful for smaller companies or businesses that need to list expenses, sales, or other data. Spreadsheets are also frequently used in conjunction with other bookkeeping programs.

Commercial Off-The-Shelf Accounting Software

Commercial off-the-shelf accounting software is usually an excellent option for small- to medium-sized businesses. This type of accounting software often comes with different graphing and charting options for viewing bookkeeping data, which can be useful when making financial decisions. Many types of commercial off-the-shelf accounting software also come with a system for error detection.

Enterprise Resource Planning Accounting Software

Enterprise resource planning accounting software is typically used by larger companies with more complex finances and accounting needs. This type of accounting software keeps track of all aspects of a business’ finances and compiles it in a large database that can be tracked and analyzed.

If you would like to find out more about getting to know the different types of accounting software, or if you are interested in one of Leskun & Son Accounting’s services, please contact Leskun & Son Accounting at 1-877-826-1219 or fill out a contact form on their website. They proudly offer a variety of accounting services, including tax services, bookkeeping, and business consulting services to businesses throughout Langley, Mission, and Abbotsford.