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Quickbooks, Sage One And Xero Accounting Online

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INTRODUCTION
In today’s business world, accountants are expected to provide many financial services for small and big companies. Traditionally, you would expect an accountant to manage a company’s books, compile and file their taxes, and prepare financial statements. Software has been developed to improve the efficiency and effectiveness of those activities. While the services accountants provide are vital to a company’s well-being and survival, they come with a pretty hefty price tag. It may be a challenge for some small companies to find a way to afford professional accounting services. Lucky for them, a lot of the software made for accountants are also available to any company wishing to use it at reasonable prices. Granted some software are geared towards companies and are more comprehensible and easy to use than accountant geared software. Small and big businesses can now choose to do some basic accounting activities themselves instead of paying an accountant. With that in mind, will technology eventually replace the need for accountants?
This paper looks at what financial activities a business …show more content…

We will compare and contrast the following software: QuickBooks, Sage One and Xero accounting online. QuickBooks is the most common and intuitive software used by business owners. This opinion is based on the number of articles and help books available, as well as personal knowledge. The others are not particularly hard even though Xero can be “confusing to new user” (Girsch-Bock, M. 2016). All of these software are pay per month services, Full services (or premium) for Sage One cost $25 while QuickBooks and Xero are $40 and $70 per month respectively. If that is too expensive, a company can opt for their cheaper plans which cost $10, $15 and $9 dollars a month respectively. The differences in price are pretty big despite their rating of quality being virtually the same (Girsch-Bock, M.

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