Any good accounting software?

[noah_678]

I am currently using Quickbooks for another business but not using it for my ecommerce retail music book business. I'm tracking everything manually at this point but am trying to make a decision on accounting software and the inventory aspect is my main area of concern. It seems that Quickbooks' lack of costing methodolgies (uses average cost only rather than LIFO/FIFO options) is a serious drawback since our product costs do fluctuate from time to time. In my research of Peachtree, I see that it is more flexible and allows other cost methodologies. Can anyone else share your experience in regard to this issue tell me about any other accounting software that you might recommend for a small retail business? Thanks.

[TipPro]

If you plan to run your accounting software over a network on multiple computers I would stay away from Peachtree. A local business I know has average up to date computers but their Peachtree accounting software is incredibly slow on any of the client computers. This may be an isolated case but I would look into it before deciding to go with Peachtree.

[SeattleCPA]

Keep in mind that sometimes LIFO isn't really handled automatically by your accounting system but rather manually. E.g., there's something called dollar value LIFO that uses price level changes and essentially manual calculations to make LIFO inventory adjustments.

Steve, Seatle CPA, author QuickBooks for Dummies
Publisher Fast Easy Incorporation Kits (http://www.fasteasyincorporationkits.com)

[usasportstrain]

Right now I'm looking at MYOB, which is mostly Mac-centric. I'm wondering how well it would work in this case. Any experience with it here?

[repeater75]

The biggest consideration you have to make is what your budget can handle. If you like the simplicity of Quickbooks, look into adding a more sophisticated inventory management system to it that is fully integrated. Fishbowl or Acctivate are good examples.
http://www.fishbowlinventory.com/company/news.php?newsid=news27

If you need a more powerful system overall, maybe look into Sage BusinessVision or Sage MAS 90 (which has average, lifo, fifo, lot, serial and standard costing). There's some newly reduced pricing on distribution systems with Sage MAS 90, it could be worth looking into.