The nine steps in the accounting cycle help business entities ensure that their financial record-keeping complies with Generally Accepted Accounting Principles (GAAP). Small businesses may use an accountant at tax time, but struggle to maintain accurate and verifiable records throughout the year.
The following accounting software solutions help small business owners through the steps in the accounting cycle, from journalizing and posting transactions to preparing financial statements.
Microsoft Office Accounting Professional 2008
A highlight of the Microsoft accounting software offering is its ability to integrate with other Microsoft Office applications. Small business owners already comfortable with MS Word, Excel and Outlook will find the Accounting Professional interface familiar and simple to learn.
