Originally Posted by bitdaddy
I've been recommended to use Quickbooks for small business accounting. Not only is it supposed to be pretty good, but if you can find a CPA who uses quickbooks also, it can make your taxes cheaper and faster (if you decide not to do them yourself).
I've been using QuickBooks for a number of years and though there are some limitations, they are usually easily worked around. I've used QB for an online shoe store, a travel agency, my web business and the retail version for an appliance store.
Another advantage I truly enjoy about QB is how it synchronizes with accounts. Currently, I interface with American Express and MasterCard as well as my business checking accounts (USBank). It's likely the biggest time saver I have ever seen. A list of charges, deposits or cleared checks is displayed in QB and you simply tick each one to match which account it is associated with. (Expense, taxable, etc) The payee information is stored and it makes quick reporting of each dollar spent a breeze.
I'm sounding like a commercial... sorry. I'm currently evaluating QB for POS, retail accounting and even multi warehouse inventory management though the latter will require a plug in/module offered by a third party.
If your business involves selling retail products online, be careful of the shopping carts that claim to be QB compatible. Some are not as compatible as others so your time spent in due diligence is worth more than I can express in words.