The Best Accounting Software Systems - Essay Example

The Best Accounting Software SystemsPayroll has always been associated with stress and tedious work especially for medium to big sized companies. However, with the help of a lot of payroll accounting software systems today, payroll can be as breezy as doing banking transactions online. One of the best payroll accounting software systems would be one that is simple to understand and use. This is no other than AME payroll solution/AMEsoft which is manufactured by AME Software Products which has been providing accounting software since 1992.

This software is best for small and medium size businesses because first of all, it prides itself with a very easy to use system where you can do almost all accounting job done from calculating payroll checks with correct federal, state, and local taxes, keep track of employees’ pay records including vacation and sick leaves, produce accurate payroll register reports, calculate and print employees W2, W3, 1099-M at the year-end, create direct deposit files and a lot more! Computer specifications to get the most of the software would be at least 1gb RAM, 600 MB of free disk space, and preferably Windows Server 2003.

What is great about this is that prices starts at $249 only depending on the package you need (Accounts Receivable, Accounts Payable, Direct Deposit, n.d.)The second alternative to payroll accounting system would be Andica software manufactured by Andica which is suitable for all types of businesses because it complies with the latest government legislations that would be sure to allow payments of salaries and at the same time be able to monitor the deductions by allowing you to do statutory calculations without being an accountant.

Also, what is great about this software is that you can immediately view employee data on screen and would give you an organized file in easy to follow reports. Some of its essential features are as follows: calculation of PAYE, National Insurance Contributions, Statutory Payments such as Statutory Sick Pay SSP, Statutory Maternity Pay SMP, Statutory Paternity Pay SPP, Statutory Adoption Pay SAP, students loan deductions and perform a range of other payroll functions. To get the most of the software would be at least 1gb RAM, 600 MB of free disk space, and preferably Windows Server 2003 (Andica Software | Frequently Asked Questions, n.d.).

Price starts at $69 plus VAT, depending on your specific business needs! The third alternative would be Easypay software which is manufactured by a Canadian company. Easypay Payroll runs on any standard IBM PC using DOS or Windows. Some of its features are as follows: it allows a combination of hourly, salaried, and commissioned employees. Aside from that, it also keeps a consistent record of weekly, biweekly, semi-monthly, monthly, ten and thirteen pays per period which a lot of software does not provide.

Also, it has a process called Quick Cheque that allows creation of a cheque at any time which is best for creating replacement cheques, corrections, separate bonus cheques, advances, vacation pay and much more. Another feature is their Print Cheques that transfers funds directly into an employee's bank account. Easypay Software will work best with Windows 7, Vista, XP, 98 SE, 2000, NT, Me. Price starts at $389 (Easypay Canadian Payroll Software, n.d.).From all three, the best software to look to would be Easypay because of its flexibility.

We all know that payroll would always be different from one employee to another and at the same time would vary as per company’s payroll structure. Thus, because Easypay allows utmost flexibility and is great for most types of businesses from small to large scale ones, investing on a bit of a higher price for a payroll accounting software would be worth it. Bibliography:AME Accounting Software - Payroll, General Ledger, Accounts Receivable, Accounts Payable, Direct Deposit. (n.d.). AME Accounting Software - Payroll, General Ledger, Accounts Receivable, Accounts Payable, Direct Deposit.

Retrieved March 13, 2012, from http://www.amesoft.com/productsAndica Software | Frequently Asked Questions. (n.d.). Self Assessment Software tax returns SA800 Partnership SA900 Trust Payroll & Care Homes. Retrieved March 13, 2012, from http://www.andica.com/faq.htmlEasypay Canadian Payroll Software. (n.d.). Easypay Canadian Payroll Software. Retrieved March 13, 2012, from http://www.easypay.ca/software.html