Accounting software is an automated system that helps accountants and accounting professionals report and document financial transactions of a business. Accounting software is indispensable in today's business world as almost every business uses it. This is a much simpler solution to manually tracking your financial transactions because accounting software is an automated system that instantly reports transactions for you. With accounting software, you save valuable time, energy and money. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay When selecting small business accounting software, there are a few things to consider. According to Angeles S. (2016), a good way to help you make a decision is to ask yourself these three questions: 1. How much are you willing to pay? 2. Why do you need accounting software? And 3. What features does your business need in accounting software? Cost is an important factor in almost every business decision, and choosing which accounting software to purchase is no different. The price of accounting software obviously varies depending on the packages and features you choose. Almost all programs use a monthly subscription for the plan level you choose. The more bells and whistles, the more expensive the program will be per month. They range from less than $10 to around $50 for an executive package. The second question: “Why do you need accounting software?” » is important because it will help you determine the best accounting software for your specific small business. Here are some things to consider when determining the answer to this question: Is your business growing? Are you starting out? Do you want immediate access? Is your current accounting system too complicated for you? The final question: “What features does your business need in accounting software?” can be answered by researching as much as possible about accounting software. This question will help you determine which package you need. Maybe you only need the cheapest and most basic package, or maybe you need to add a few extensions to the program, it all depends on what you need. Intuit QuickBooks Online is an accounting software that you can choose to use. QuickBooks has a great amount of features for all types of small businesses. Some of the benefits of QuickBooks include: Very user-friendly and easy to use, affordable, flexible, you can customize almost anything, reliable and scalable (The Pros and Cons (2016)). Some of the disadvantages of QuickBooks include things like: An expensive upgrade that includes training, setup, and implementation, and while QuickBooks is very flexible, users sometimes run into trouble because QuickBooks allows them to do something. something that is not supposed to be done. (The pros and cons (2016)). Another accounting software used by many businesses is Xero. Xero is nice because it only costs $9 per month for the basic plan, which includes unlimited users. However, this package limits you, according to J. Marsan (2016), to 5 invoices and 20 bank transactions. Although it doesn't have as many features as QuickBooks, Xero gives you invoicing,.