software can I use?
works with a variety of software packages such as QuickBooks®,
MYOB®, and Peachtree®. There are also several internet-based
accounting packages, such as ePeachtree®, NetLedger® and
QuickBooks® for the Web. With these options you are not required
to purchase any software or software licenses. You simply rent
these application packages from the vendors on a month-to-month
are several Application Service Providers that will host an application
for you. The ASP we use is called TADOnline. With any ASP you
must still purchase the license for the software you use. The
ASP sets it up on their system. You are then able to access the
software and your data from any computer with an Internet connection.
does QuickBooks®, MYOB®, or Peachtree® through TADOnline
compare to Net Ledger, ePeachtree®, or QuickBooks® for
owners need to be very careful in their analysis of the best option
to choose. You have total access to your data with any of the
Ledger, ePeachtree®, or QuickBooks® for the Web are not
as advanced as QuickBooks® Pro 2001 or Peachtree® Complete.
The web based systems are still in the development stages as opposed
to QuickBooks® Pro 2001, MYOB®, or Peachtree® which
are complete applications. If you have a company in which you
maintain a perpetual inventory, ePeachtree® does not have
the capabilities that Peachtree® Complete would have. If you
should ever choose to leave their site you not only lose the use
of their software, but you also are unable to access your data.
The only way to have their software and to access your data is
to keep subscribing to their service.
hosting your software with TADOnline, you are using the same QuickBooks®,
MYOB®, or Peachtree® software which you could load on
your own computer. Therefore, you will always “own”
your data and be able to maintain it with the original software
on your own system if you choose not to continue the service.
You will not be required to re-enter your data if you choose to
discontinue service. One advantage of having your software on
an ASP versus your own system is you can access your accounting
data from any computer that has Internet access without having
to invest in your own network system.
do I decide what software to use?
software needs are dependent upon the accounting needs of your
business. Several very popular software packages are MYOB®,
Peachtree® Complete and QuickBooks®. There are lots of
considerations to look at when making this decision. We suggest
that you speak with a BYB professional
or your CPA when making your choice. Whichever software you choose
it should be able to fit with the type of industry you operate
in and the type of accounting reports your business needs.