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Best Financial Software

Posted by DeMerchant

The world of business is constantly changing. It used to be limited to manual labor; but now, it has transcended to an age of modern-technological level. With that, the demand for a more efficient system of managing one’s finances and finding a better means of exchanging money are at an all time high. This is where the concept of financing software comes in. Finance software applications are of different kinds. Most of the time, it would depend on how they will be used and who will use them. At a deeper level of understanding, these applications are composed of intricate and highly ramified markets, institutions, transactions, practices and services.

A trading program that is primarily used in business operations is referred to as business finance software. This type of software comes in many forms. There those which are made for small business, medium business and large business. In fact, there is also one for home business. The Adagio is a perfect example of a software program for large businesses. This application is only used by enterprises which have revenues of more than $50 million per year.  Then, there is Small Business Pro and GoldenSeal for smaller businesses. Medium businesses have the option to choose a software program for large business or a small business depending on what software would give the most benefit.

Financial software programs play an important role in the world of business. Big enterprises would tend to use the best financial software there is. That is because nowadays, the use of financial software has been sort of a status symbol for companies. If you are making use of a financial software program of high standard and one which is for big enterprises, people would trust your business more. In effect, it would attract more customers and better business opportunities. It also marks the difference between professionals and beginners in the field of marketing. A company who uses low quality financial software is definitely at a big disadvantage compared to its competitors.

Quicken is the most used home business finance software. If you enjoy working at the comforts of your home or if the nature of your business is home-based, then this would be your perfect companion. A home-based business is hard to manage since you can not see through the business operations personally. But this software provides an alternative that is just as well, better yet, even better! Accurately monitor and manage your business at home through your computer, track all of your expenses whether they be personal or business, instantly see what’s going in and what’s going out, all of that is made possible by Quicken Home and Business 2009 Software.

A home finance management software program is on a category of its own. Strativia’s Home Budget and Money Management is a perfect example of this kind of software. It is further subdivided into two types: the Budget Forecaster and the Expense Trecker. But no matter which one you choose, you would still get to know your financial status. It is through the help of this software that you would be able to effectively plan for the future. This software can be purchased in the internet. You will be able to download it as soon as the payment has been cleared.

 

Are you staying in Canada and having a hard time looking for compatible trading software? Then use the finance software Canada. The most popular finance software in Canada would be the Quicken – now on its 2009 edition. In fact, this software application is actual the number 1 best-seller in Canada. With the help of comprehensive tools provided by this program, you would be able to make better financial decisions. Quicken 2009 is actually a 2 in one programming consisting of Quicken cash manager and Quicken Home and Business. Now, you can get the benefits of two software applications for the price of one. It is time to maximize your financial potentials with Quicken! The Quicken Home and Business is also a brand of software for home finance. Allowing an individual to monitor their business transactions and personal transactions in one place, it is absolutely perfect for people who are doing their business at home and professionals who are self-employed. As the Quicken Company would put it, “Business is personal.” Another unique feature of this product is that it computes your taxes and allows you to see how much tax you have to pay for the whole year. The product costs $ 79.99. It is quite costly, but it would definitely yield good returns.

The Personal Finance is another example of a home finance software program. This software is less complex than Quicken. It is specifically designed for home users. Ergo, it is very easy to use and navigate through this program. It can even be used by older children or teenagers whose parents want them to become exposed to budgeting at an early age. Contrary to most finance software applications, this offers more realistic budgets and plans which are more feasible. Transactions can be organized and scheduled with the help of this software. Then, you are assured that all of your personal data are safe because it is protected by a password.

Choosing the best finance management software is not easy in any way. The following are steps to be considered:

  1. Identify what you need and in what way will you use the application
  2. Consult the reviews found in magazines or in the internet to narrow down your choices
  3. Juxtapose the different applications and compare their features
  4. Compare which is easier to use
  5. Try for free (if possible)

After these short five steps, you would definitely be able to make a better decision as to which software you will buy. It would also be good to write your own review of the product to help other buyers make up their minds.

 

Finance plus software is known for its modern system. This windows application has actually garnered several awards. In July 2001, FinancePlus has been chosen to receive the Editor’s Choice Award by the Australian Personal Computer Magazine. This revolutionary software allows you to see how your company is performing without printing bundles of paper. Its strong points include handling of foreign currencies, management of inventory and software interactivity. The features may be the same with other brands, but what is so striking about this software is that it is very easy to perform/ do even the hardest and most complex features of the product.

Finance Plus offers great financial software packages. The product, together with several discounts makes it one of the best packages there is. The company has divided the packages into two: the Medical Plan and the Lifestyle Plan. For the medical plan, the following benefits can be enjoyed:

  • TelaDoc™
  • Chiropractic
  • Alternative Medicine
  • Physician & Hospital With Medical Health Advisor
  • Dental
  • Pharmacy Card
  • Vision

For the lifestyle plan, the following benefits can be enjoyed:

  • LifeLock (Family)
  • Tax Help Line
  • Roadside Assistance
  • Financial Helpline
  • Grocery Coupons
  • Legal Services
  • Dining

Excel financial software is another good alternative which is widely used even today. Financial reporting by the use of excel is also referred to as (XLReporting). First of all, it is cheap. Then, it can be used as a single computer or a database. Third, it allows you to create customized sheets with formulas which are embedded that retrieve data directly from the XLReporting database. Also, reports can be in any format whichever the reader prefers. Lastly, the financial reports made with the use of excel I flexible. It can easily be changed or altered by the user if there any updates or errors.

The most basic type of financial program would be the financial management software. All the other types of financial software have the tools that are intended for this software. That is because management is at the center of any successful business operation. You really can not do without proper management. Therefore, the other special types of financial software applications are actually derivatives of this software. Combining other features, software companies would result to new and improved applications. But basically, all of them originated from the same root. If you are just starting out as a businessman, this software is advisable since it is usually easier to use.

As the internet is growing popular, the online finance software has been developed. There are a lot of benefits this type of software has to offer; that is why it is very popular nowadays. First of all is accessibility. You can use this software anytime and anywhere you go provided that there is an internet connection and a computer. You can use your laptop to check on your finances during vacation or business trips. Then, this software is much convenient to use. Remember, all of the data you are inputting are stored in the internet. You would no longer need to download or install anything. Plus, you can save a lot of computer memory space. However, there is a down side in using online business finance software. Since you are using the internet’s memory and not your computer’s hard drive, the information you are inputting are vulnerable to internet robbers – hackers. Even if that private information is protected by a password, many experienced hackers would just breeze through the code. It is also possible that they would breach into the company’s server in which some of your business’ data are stored. And often times, people tend to forget to log out. When that happens, all of your private data will be made available to the public.

A key feature of financial statements is the tracking of accounts. Almost all of the financial applications are equipped with tools for tracking accounts, but the financial accounts software is on a higher level. It is equipped with more intricate tools. And since it specializes in accounts, there are certain banking tools which are not available to other financial applications. For instance, this allows online banking and bank to bank transactions. It also allows you to monitor your account with just the use of your computer. This is also very convenient for traveling businessmen since they are able to monitor their accounts even if they are away.

Free personal finance software is omni-present in the internet. Why? That is simply because it is more practical to settle for something free during global recession. Free software applications are pretty much on demand, and these software applications have became very well-known. There are three well-known free finance software programs currently available via the internet. These are the ClearCheckbook, MySpendingPlan and Mint. Through a finance software comparison, you would find out that ClearCheckbook is definitely free; however, they do accept donations coming from satisfied beneficiaries of their services. On the other hand, MySpendingPlan and Mint receive a certain amount of money for the financial promotions offered to you. Arranged in a very organized manner, your notices, reminders, transactions and balances can easily be seen in one look. That way, you won’t be able to forget anything. If you’re trying to save money, ClearCheckbook can help you control yourself from spending too much by allotting a strict budget. Split transactions and account transfers are supported by this software. Moreover, you would be able to receive finance alerts, updates and reminders faster because these documents will be sent directly to your e-mail. Lastly, ClearCheckbook guarantees security because your account number will not be needed to run the application.

Equipped with features more than that of common finance software applications, mint finance software not only helps you manage your money matters, it also gives you pointers and tips on how to save more money. Among its other features are as follows:

  • Transactions made through bank or credit card are automatically updated by Mint; thus, reducing the chances of forgetting the entering of transactions
  • Transactions are automatically categorized and labeled when they are being downloaded
  • Banking transactions and credit card transactions can be juxtaposed for easier referencing
  • The company works with over 3000 banks and credit card companies in the United States
  • Your personal data are protected by tight security (encryption, authentication processes and firewalls)

According to a finance software review, the MySpendingPlan software has a very detailed budget set-up. Comparatively speaking, it has stronger features in terms of budgeting. The focus of this software is to build your own savings. MySpendingPlan gives you track of your bills through regular e-mails. Customized budget plans can be made for different uses such as a household plan, a personal plan, a family plan and etc. Similar with ClearCheckbook, this software is safe because it does not need your account number. Other details are also kept privately for your security. Finally, the company offers free budgeting tips which are available at their website.

The accounting finance software is one which is made to aid accountants in their profession. This software does the management of business transactions, and it records entries to their respective categories. For instance, cash in hand – assets, land – fixed assets and expenses – liabilities. Furthermore, it takes care of other arduous bookkeeping work such as doing the trial balance. The accounting software is composed of different modules. Among the main modules are: Accounts payable, accounts receivable, general ledger, billing, inventory, purchase order and sales order. With the use of this application, not only would you be able to work faster, but your work will also get more accurate.

Finance & accounting software is what your business needs in order to prosper. Some of the popular brands are by Quicken, Intuit, Sage and Microsoft. Let your software handle all of the arduous accounting work for you. This way, you would be able to focus on looking for ways on how to develop your business. WillMaker Plus 2009 by Quicken is the number 1 estate planning software in America. The software made by other information technology companies are Peachtree by Sage, Quickbooks Pro by Intuit, Microsoft Office’s Accounting Professional 2008 and Money Plus.

Managing your assets can be pretty tricky and nerve-wracking at times. Sometimes, you may find yourself spending more than what you are actually earning. Or probably you may lose track of all your business’ assets. In order to prevent this, help yourself with an asset finance software. Having this application is very useful since it helps you keep track of your assets by making a concise and accurate record. This way, you would be able to easily discern which money is loaned, money allotted for expenses, money to be saved and etc. These applications are available in different forms. Some are made for large scale industries, while others are for medium sized enterprises and others are even made for managing personal assets. Thus, it is very important to know which the best finance software is for you. How exactly would you be able to do that? First of all, you must first determine what aspect of asset management you are currently having problems with. From there on, determine the purpose of that specific asset finance application. See if it would fit your needs. If possible, ask for a free trail of that application so that you would get a first hand test. If it doesn’t go your way, don’t hesitate to try another product and never settle for one which you aren’t satisfied with. It is all a matter of trial and error.

One other trading software would be the auto finance software. For car dealers, automobile lessors, automobile lenders and automobile brokers, this is the perfect software for your business. If you are only about to start an automobile business, acquiring this application is a good way to begin. The most popular application that falls under this category is the LotPro – a complete auto dealer solution. The LotPro boasts of its lead managements system. Through this, you can easily track your business’ development, identify potential leads and manage business processes.  Plus, you get to manage your inventory through your computer. Through its amazing efficiency, booking vehicles is just a click away. Save yourself the effort and time of listing, sorting and arranging all of the information down in paper.

Temenos, Precision Computer Systems, i-Flex Solutions and Probanx – these are just some of the popular banking financial software applications that are widely used nowadays. Aside from them, Oracle and IBM, two of the largest information technology companies, are also developing their own banking system software. The purposes of this type of software are as follows: running transactions which are made within a financial institution, connecting transactions among different financial institutions, keeping track of depositor’s accounts, approving credits and loans and other banking functions such as deposits, withdrawals, handling of checks and credit cards. This makes banking easier for the institution as well as for the customers.

While there is trading software for different types of businesses, there is also trading software made for schools and universities. This is what we refer to as the banner finance software. This type of software takes care of the accounting services needed by educational institutions. It covers the accounts payable, accounts receivable, procurement of supplies, utilities expense, budgeting and management of assets. These are operations made by or made to faculty member, non-academic staff members, administration and the students. SunGard is known to provide the best financial software for educational institutions in the whole world. As of the moment, SunGard Higher Education caters to more than 1600 colleges/ universities and 10 million students. In fact, already 80 percent of the higher education institutions in the United States are customers of SunGard Higher Education. This software is a solutions provider satisfying its each and every customer. From time to time, the company releases new and updated versions of the software so as to improve their service and adapt to the necessary changes in finance management. The Argos is a reporting solution that works hand in hand with Banner. The preparation of financial statements is enhanced and made easier with the help of Argos. It is compatible with a wide array of databases, specifically those which are common to learning institutions. Also, it is very easy to implement, and it poses several other unique advantages towards the user. However, it must be made very clear to oneself that there is really no best software for finance, in reality. That is due to the fact that financial software applications are used differently by different institutes and people, it is constantly rated according to its suitability with the user. People may prefer the tools provided by this certain software and think that it is the best while some people may think otherwise.

Then, there is the personal finance software which is designed to help you manage all of your personal assets whether they are cash, check or other fixed assets. Being able to manage your personal assets is of paramount importance. You will never learn how to manage your business assets if you do not know how to manage your personal assets first. Categorically arranging and balancing your daily transactions is what this software does. It is through this method that you would be able to easily know what is coming in and what is going out. In other words, it is like allotting a daily budget. Thus, this type of software is usually related to another type of application called budget financial software. Budget software allows you see through your money matters; thereby, it allows you to set a goal by always limiting the money you use to the budget you have allotted. Providing you with a trend of the increase and decrease of your money, you would have an idea of how much your money will be in the future, helping you plan ahead. Lastly, it shows you the difference, if there is, between your actual money and your budgeted money serving you as a reminder not to spend beyond your budget. Thus, it would also help you avoid overspending.

Small business finance software, as the name implies, is an application that is developed for small scale industries, enterprises and entrepreneurs. Equipping you with the tools required to make your business grow and become more efficient, Small Business Pro is an integrated and modulated software that freely adjusts to the needs of your company. Another software for small scale businesses is the Goldenseal. Known for being user friendly, Goldenseal is easy to learn and compatible to both Windows and Macintosh.  Goldenseal is a three-in-one software program which was primarily made for construction purposes. It is a software tool for project management and also that for accounting.

 

While there are many businessmen pouring out huge amounts of cash for business software applications, some are simply settling for free small business finance software. Actually, some software companies are really providing their product for free; however, more often than not, free software that is found in the internet is mostly bootlegs. Using these kinds of products is both dangerous and wrong at the same time. Various software applications are protected by copyright. The new windows vista can already detect illegally downloaded programs. Under this operating system, any bootleg won’t work. Also, there are corresponding punishments for the illegal use of bootlegs. Thus, there is the constant risk of getting caught and punished by the law. On the other hand, companies who provide their services for free are usually not giving you the full capacity of their application, and they would charge a certain fee to avail their full services. Some of the free finance software for small business are Adventnet, ManageEngine, ServiceDesk Plus 7.5, iMagic Inventory Software 2.61, Easy Forex Review 3.03 , Veedid Time Saver 1.7.2.40 and Finzet 1.0.0.0. As mentioned earlier, the Quicken 2009 is also a program that would fall under this category. Though this company does not provide their services for free, the product is definitely worth buying.

Are those applications not working for you? Is your business too much for them to handle? Then probably the type of business you have is a medium or big size enterprise. It is only natural to reach a certain point that your old software no longer does you any good. This is an indication that your business is actually growing. Now, you will need the best business finance software for a growing business such as yours. It is time to introduce to you the one and only software that caters to midsize to large scale businesses – NetSuite. This software is widely recognized in the world of business. It is the only one of its kind to be able to handle large scale business operations through the computer. Usually at the top of finance software ratings, NetSuite has received several awards. In fact, it has appeared in several publications such as the eWeek, CRM Magazine, InfoWorld, PC Magazine, and The CPA Technology Advisor. It currently has thousands of customers globally, and it is still continuously growing. Recognized by business analysts, the NetSuite has both customer relationship management (CRM) and enterprise resource planning (ERP), serving as its integrated front office and back office respectively.

Becoming more cautious, finance software companies today are working on ways on how to prevent piracy. But first, what is software piracy? The act of duplicating, distributing or using computer software without being authorized is called software piracy. Anyone who is caught will be held liable for legal punishments. Private use of copied software is still considered piracy. Finance software applications are no exception to this. Extra caution must be taken in downloading finance software from the internet since not all that is offered for free is legal. Ergo, it is best to download applications only from reliable sources; better yet, download directly from the company’s web site so as to prevent piracy.

The best personal finance management software for the Palm operating system is said to be Adrian Money. It is currently available as Version 4.1 (build 2408) for only 20 dollars. This 3.0 MB program can be directly downloaded from the web site as soon as the payment is received by the company. The software’s highlight is its capacity to auto process transactions. That, of course, is only possible after pre-setting the program to the course of action you want the program to take. There are four choices to choose from. These are as follows:

  • Automatic Insert
  • Ask the user
  • Remind the user
  • Overdue Silently

Unlike most finance software programs which are designed for business use, a family finance software program is developed for household use. The options and features are noticeably less than a finance software program designed for business. But there are other features which are only unique to this type of trading software. Since it is primarily designed for family use, this type of software is able to manage less tasks, but it can efficiently manage transactions that are commonly made by family members such as electricity expense, water expense, personal expense, shopping expense, profit at a small scale and other assets and liabilities which are separate from those gained or incurred in business.

Some finance software is specifically made to cater to a particular organization or group of people. One of them would be the church finance software. As the name implies, this type of program is made for handling the church’s money matters. Although the church is a non-profit organization, they still receive money commonly in the form of donations to be used as funds for the church’s maintenance and activities. A popular finance software of this kind is the PowerGivingTM. Composed of four modules, PowerGivingTM is equipped with six tools (PowerVisitor, PowerMember, PowerWeb, PowerGiving, PowerKiosk and PowerEvent) in order to facilitate the management of the church’s funds.

The use of personal finance management software is dependent on what type of work you have. Definitely, every company has its own system. As such, every company has its own demands. And it would follow that a company needs a software that is not only efficient, but one which is also suitable to the company’s specific needs. When choosing a software program, it is not important to pick the most popular one because it wouldn’t help. It might contain a wide array of tools. But tools which are of no use to you due to the type of business you have. What must be taken into consideration are the certain tools that would contribute to the development of your firm. A consumer finance software program has been proven to be helpful in the growth of a business. But still, there are things to be remembered in choosing the right consumer finance program application. First, it is important to choose one which has the capacity to calculate loan information. Second, select one which has an automated asset calculator. Third, look for the reviews of previous users and see if it seems compatible with your system. Make the best out of your software and your business will definitely have an edge.

For decades, the Microsoft Company has been the leading undisputed champion in terms of software. Aside from the common Microsoft Software we use such as Word, PowerPoint, Excel and many others, the Microsoft Company also makes financial software. There are several Microsoft financial software currently available in the market. One is the MapPoint 2004. With the use of this program, you would be able to easily identify the strong and weak points of your business. Furthermore, you will get an idea how your business fairs with competitors. Another is the Microsoft Money 2004 Small Business. Sole proprietors may use this program in order to easily manage their business finance. Based on a financial software review on Microsoft Money, the software is very useful especially during busy times since the software alerts you even without opening the program. These alerts involve exceeding your allotted budget limit, bills that are near their due date or for certain updates. Another good thing about this product is that it is continuously updated from now and then resulting to a new version. However, there is a down side to this. The release of new versions would mean that your copy is already obsolete, and that you will have to pay again in order to enjoy the latest features. Users, on the average, rated this product a grade of 3/5.

The Microsoft MapPoint 2004 is not just any software. It is a finance analysis software. This software works by obtaining ample text-based data, and analyzing them afterwards in order to convert them into graphic organizers which are easier to comprehend. In additions, this program analyzes your business, and it can pinpoint which aspects of your business needs improvement. Plus, it can give insights and tips on how to go about your business improvement plans. Aside from being a business tool, this software has maps which make it a geographic tool as well. But the downside of this software is its price. This software does cost a huge amount.

Aside from the Microsoft developed MapPoint 2004, there are other financial analysis software which perform just as great. One of which is the ProFin; a program developed by Peldec Decision Systems. This software has two foci: the management of financial statements and data analysis. The product is suitable for financial institutes such as banks and insurance companies. The program, currently available in version 5.2, allows these institutes to manage their credit risks in an effective and timely manner. The technology used in the making of this program is said to be “future proof”. ProFin makes use of rating and risk management systems in order to make integrated analyses.

Finance investment software is a specialized kind of financial software. As the name implies, this type of software focuses of investments and the other factors that may affect your investment. Although investments are the focal point of this type of software, it also carries other tools that would definitely help you in your business and in marketing. All of the financial software applications are more or less alike. The main difference is their specific purpose or focal point. Some may focus on the assets of a business while others would focus on budget planning. In this case, the emphasis is on the management of investments.

Quicken Deluxe is an example of a financial investment software. The program keeps track of your investments, calculates the income and alerts you for any updates. Moreover, it gives you insights on how and where to invest your money in order to get the maximum revenue. This software helps you plan for a future goal. It also enables you to maximize your savings and make the most of your money. If you are planning for something big, and you just don’t seem to make any progress toward that goal, try this software now. It might just help you reach your wildest imaginations.

There are many individuals nowadays who are investing their money in the stock market. Buying stocks at the opportunistic times, one can earn so much money by investing in the stock market. However, the stock market poses a huge risk to those marketers who are not yet well experienced. It is during these times that a financial stock software program would benefit you the most. Software applications of this kind would aid the marketer in making better decisions. Furthermore, there are several tools the software provides which may prove to be very useful. One of them is the research tool. This would allow you to see the trend of the stock market and anticipate fluctuations. You would also get alerts and updates on the changes in the stock market. What’s even better about this program is that it is also considered as a form of home financial software. It is a common fact that the majority of marketers have stable jobs, home, family and properties. As such, a stock software application is also equipped with tools to help you manage your personal assets and liabilities. Because these two complement one another, quality software should contain household management tools aside from investing tools. The Quicken Premier is actually a very good finance software program. It is one of the four versions of Quicken 2007 which is the improved edition of Quicken 2006 namely: Quicken Basic, Quicken Deluxe, Quicken Home and Business and the Quicken Premier. That is due to the fact that it has the ability to analyze taxes. The software application finds ways in order to attain the minimum tax possible. It is through this way in which you will be able to maximize your earnings. The Quicken Premier costs at about $30. It is already a fair price considering you get to enjoy the capabilities of two software applications in one.

Want something that is “beginner friendly” yet powerful enough for the professionals? Then what you are looking for is the Premium Finance Manager – a premium finance software program. It has the capacity to do the day to day operations of your company or firm. Aside from that, tracking loans and assets would seem child’s play with this program. At a click of a button, you have everything you need. For a program with so many capabilities, it would seem too complex for beginners. But in reality, it is actually pretty simple to use. But a big disadvantage of this software is that it is only compatible with Windows based computers. But hopefully the company would cater to other operating systems such as Mac and Linux in the future.

Managing your money with Linux as an operating system is not hard at all. Although Windows is the more popular and widely used operating system, there are several good financial software applications that are compatible with Linux. Among a few of the Linux financial software are Moneydance, GnuCash, KMyMoney, Buddi, GFP Personal Finance manager, PL Cash, AceMoney, and other web based personal finance software. Moneydance is one of the most impressive applications since it supports multiple currencies and multiple languages. It has updated currency rates, and it also allows online banking. Compared to other software, the price of Moneydance is already cheap considering its unique features. Personal finance software reviews say that Moneydance is pretty versatile since it can run on several operating systems such as Windows, Mac,  Solaris, Linux, OS/2, and Unix. Furthermore, users like the fact that the program offers free trail. Giving you a chance to enter up to 100 free entries, one has a very good opportunity to evaluate the product. Users also say that the software is easy to learn. Questions about the use and functions of the application can be seen at the help document which is provided along side the program. With money dance, working simultaneously with ten disparate budgets is made possible.

If you are looking for a cheaper alternative, it would be wise to go for KMyMoney since it is a free personal finance management software program. Making split transactions possible, the KMyMoney is a very good budgeting tool. It also supports different currencies and allows online banking. Its interface is marked by neatness and orderliness giving you a more convenient work place. And if you don’t think those features are enough, you are free to download KMyMoney widgets to make your software more functional. If you are having trouble navigating through the program, reading the step by step manual would get you a long way.

Do you have long years of experience? Have your skills been thoroughly honed throught out this time? If yes, then it is safe to say that you are now ready to go pro. Crystal Ball 2000 is the ultimate professional finance software. Being able to discern the risks and be able to give tips to the user to help make the right choice, it has the power of analytical finance software. The capabilities of a Crystal Ball Standard Edition are all present in the professional edition. But the capabilities of the professional edition have been maximized in order to get full and better results.

“Beginners have no right to use financial software”. That is definitely not true! Aside from the features, the main competition between financial software applications to day is the facility. Simple finance software programs are believed to sell more than complex software which only a few people know how to use. Buddi is a good example of this. Since it is designed for people who have no background in finance, it offers a step by step instruction to navigate easier. It also has a clean and less complex interface. But the capabilities and features of this software has not been compromised for its convenience. For more experienced individuals, plug-ins are available in order to maximize the features of this software. Another example of simple financial software would be the PLCash. With icons positioned at the top of the screen, it is so much easier to navigate. Although PLCash does not support online banking, it has other features such as multiple account registers and personal account reporting in order to compensate for that. The user documentation for PLCash is said to be concise, comprehensive and well-written. Like the Buddi, PLCash has a simple and clean interface. And the best thing about PLCash, it’s free!

Rather than wasting your time asking experienced people to guide you in using complex financial software, why not try an easy financial software program instead? This can serve as a good training ground for future purposes. You can only learn to use the full capabilities of a variety of software through self-exploration. Besides, easy to use software programs are not really inferior to complex software. Sometimes, it is even complex software which is inferior to simple ones. The main difference is that easy to use software applications are in step by step; definitely time consuming for more experienced people. But more or less, the features are the same.

There is tons of free finance management software in the internet which can be readily downloaded. Whether they are personal, home or business financial software, free download links are omni-present. An example of free personal finance software is the GnuCash. This application can track your bank account, expenses, income, stocks and it even supports small business accounting. Being continuously updated and maintained, this free software is improving all the time. The web site accepts donations from satisfied recipients of their free service. However, it is not imposed upon you so do not be afraid to try using free software such as Gnu Cash.

Another version of free home finance management software would be the Ace Money Lite. This software is characterized by a simple, neat and organized user interface. It has various personal finance reports and tracking support for investments and budgeting plans. Not to mention, it also has e-commerce features. However, the disadvantage in this software is that it only allows one account. You can still track your accounts; however, you would need to create separate categories for each.  It would be time consuming to do so, but still faster than doing them manually. Ace Money Lite supports both Windows and Linux operating systems.

Learning the proper way to budget your income has been one of the most thought about issues in our society. But now, information technologists and programmers have been able to devise a solution – finance budgeting software. If you have a computer, money matters will be very easy to organize. Simply avail a budgeting software program and all is well. Budgeting software allow you to set a goal by limiting your expenses. You can save a lot of money by cutting on unnecessary expenses which you wouldn’t realize are unnecessary until you organize them. Aside from that, the software helps you make decisions regarding what to do with your assets and how to manage them properly. BudgetPak by Xlerant, is a example of a financial budgeting software. Professionals and beginners can make use of its maximum capacity through its user friendly tools which do not compromise efficiency. BudgetPak boasts of its ten unique features which are listed below.

  1. Simple Step Interview
  2. Interactive Budget Map
  3. Extensive Library of Common Reports
  4. Project Budget Builder
  5. Pre- formatted what-if Scenarios
  6. Fog Lifting Reports
  7. Intelligent Spreading
  8. Integrated Assist Planning
  9. Impact Box
  10. One Click Export to Excel

Looking for finance and budgeting software that would suit your needs is not easy. Sometimes, the product promises guaranteed satisfaction. But when you actually use it, it would prove otherwise. Simply basing your judgment from the product’s reviews is not enough because it would not necessarily suit your budgeting demands. That is why it is very important to have a hands-on trial of the product. This is the only way you can accurately evaluate a finance software program. Always check if the company offers free demo or free trial. If not, it would be wise to look for someone who has the application and try it in his computer.

Entrepreneurs are usually avoiding risks due to the fear of losing their money. In the same manner, many people hesitate in opening up a business because they fear it would not make money and just become a waste of time. But what if there is a way to know these things? Actually there is! The financial forecasting software has the ability to do just that. What is so impressive about this software is that you will know when you will make money apart from knowing if you would make money at all. But this is no quack trying to squeeze money out from you. The development of this software is scientific and technological- based. Thus, the results it gives you are based from several factors such as business data, market trend, feasibility and many more. A good example of this would be the Ultimate Financial Forecaster 3.0. Most forecasting applications are combined with the capabilities of a financial reporting software program. Tagetik 3.0 is a form of financial software that falls under this category. Although it is comprised of only one interface, one software product and one database, its function is rather extensive. Tagetik 3.0 has the ability to make complex business operations and processes simple. Finally, it is known for its comprehensive approach towards managing business performance. Aside from being a reporting software program at the same time, forecasting software can also be fused with a financial planning software. A software model that belongs to this category is the Clarity 6. Produced by the Clarity Systems Company, Clarity 6 has garnered awards and recognitions. In fact, it has ranked the highest among all ten vendors in the planning and budgeting solution category. Another is the PlanGuru which has been dubbed as the better way to prepare budgets and forecasts. PlanGuru offers free trial – a perfect way to evaluate the product.

You think that it is amazing that software for forecasting can fuse with another type of financial software? Then wait until you hear this! Software applications can be forecasting software, finance reporting software, planning software and a consolidation software all at the same time. Some of these types of software programs are PROPHIX, CONTROL by KCI Computing, Financial Planning and Analysis Software by Alight and TeamBudget by Questica. However, the most popular one would be the BudgetMaestro. This software is very powerful which is ideal for 1 to 10 users. It is primarily designed for small to medium sized business.

A financial crisis would have been easy to solve if there were a group of experienced professionals to look for a solution. Actually, there really is. They are known as the Financial Software Solutions, LLC. They are an independent firm which focuses on the development of financial tools of every kind. Most of the time, they would work with you to find a perfect solution for your problem because just about any solution would not suffice. With their extensive knowledge in financial matters and access to different tools, not only will they be able to free you from your financial crisis, but they would also be able to help you plan for your future.

Finance software applications are not restricted to one aspect of the business; for instance, expenses. It is actually composed of several modules. The reason for this division is due to the fact that it is hard to manage a business which is composed of various operations with just one tool. In order to attain maximum efficiency, each aspect of the business is assigned a module. As such, the different modules are budgeting, planning, reporting, accounting, billing, forecasting and many more. Although it is still part of a single finance software program, the different modules work independently from one another. But they still do supplement each other when the entirety of the business is being referred to.

Another way of further subdividing a financial software program is through what computer scientists refer to as financial software systems. It is quite similar to modules in characteristic and objective. However, there is a big difference between the two. A software system refers to the actual business operation. In other words, software systems refer to a specific function in a module. Some common software systems are as follows:

  • General Ledger – Accounts Payable , Budget
  • Utility Billing
  • Project accounting
  • Accounts Receivable
  • Payroll
  • Personnel
  • Business assets
  • Personal assets
  • Fixed assets
  • Permits
  • Taxation
  • Inventory

Business matters are not all about money. In reality, when we speak of managing a business, money plays only a small role. The business processes and operations are the aspects which need management most. Since financial software programs are all about managing business matters, it follows that money is not always involved in these software applications. However, it does not mean that money is not to be managed carefully. That is because it requires special attention, and it requires a different management approach as with the other aspects of a business. Financial software that does not manage anything other than the cash flow in a business is referred to as money financial software. Well, that used to be the case. The competition between software and gadget companies in our society today is between size and function. Companies would want to produce items which are small yet rich in features. That is why you would notice that the Ipod continues to become smaller and smaller yet the functions and features are dramatically increasing. And that is exactly what transpired in financial programs for money. Nowadays, even though it is divided into different modules, a single finance program can already manage the entire business together with all of its aspects.

Open source finance software applications are free software which is legally distributed. The reason for its title is because it is licensed under an open source. Various web sites offer lists of open source software programs. To name a few,

  • Adempiere — it is an ERP Business Suite
  • Compiere — it is an ERP solution automates accounting, supply chain, inventory and sales orders
  • ERP5 — Python and Zope based ERP
  • FriFinans — OpenSource finance application such as offers, orders, invoices, products and many others
  • GnuCash —  capable of double-entry book-keeping
  • Grisbi — Single-entry book keeping only
  • HomeBank — for personal or home use
  • jFin
  • JStock — Java-based, stock market software, capable of supporting multiple countries
  • JGnash — Java-based, capable of double-entry book-keeping
  • JQuantLib — this is a Java-based Quantitative Finance API framework KMyMoney — allows double-entry book-keeping
  • Marketcetera — a trading platform
  • Mifos — Microfinance Institution management software
  • n21 eBusiness Suite — web based ERP / CRM
  • Openbravo
  • OpenERP — ERP system
  • OpenXpert/Xpert — Fund accounting on Linux and Windows 98/XP
  • Quasar Accounting
  • QuickFIX/J — FIX protocol engine written in Java
  • SQL Ledger — for double-entry book-keeping
  • Tryton
  • TurboCASH — allows double-entry book-keeping for Windows

Usually, finance software also manages our loans and loans made by others on us. A special type of software is used to manage these things. It is called a financial mortgage software. But first, what is a mortgage? A mortgage is a security for the lender given by the borrower. Most of the time, it is the interest of land or other properties which are being mortgaged. At the end of the terms and if the total amount of borrowed money is returned, the lender will also return the mortgaged property. But during the span of time wherein the money has not yet been returned, in a way, the lender has authority over the property. Since it is very difficult to manage complex financial matters such as this one, special software would do you great!

Businesses are generally of two types. An entrepreneur may either sell good for profit or render service for a fee. These two type of business set up function differently from one another. Thus, if you would venture into a business that would be rendering services, what you will need is a financial services software program. In this kind of software, there is usually no financial system allotted for inventory since seldom are supplies needed in a service business. Also, this kind of software would have to focus more on expenses such as utilities, salaries, rent and etc. That is because it is common for service type business to have many employees and use several pieces of equipment.

Financial software downloads generally appear in two forms. One is for free (considered public domain) while the other is for sale. When purchasing a finance software program, the payment will be sent first to the company. Upon receiving your payment, it is only then will you be able to download the product. From time to time, the company would send download links for updates. But there are cases in which the company would ask for an update fee. On the other hand, free software applications can be directly downloaded. But in downloading free software, one must take extra caution since most software provided for free are pirated or illegally copied/ distributed.

If you do not have a business, and you are good with computer programming languages, why don’t you give a shot at financial software jobs? Different software companies which offer decent salaries are regularly hiring new programmers every year. A good credential is what you should invest at. Bloomberg, one of the top providers of financial data, is hiring financial software developers. Part of their requirement asks for a degree in computer related programs. Knowledge in programming languages is a must. Currently, there are various programming languages. But the most common ones are, C++, C#, Visual Basic, Turbo Pascal, Pascal, C, Java, FORTRAN and COBOL.

Open source finance software applications are free software which is legally distributed. The reason for its title is because it is licensed under an open source. Various web sites offer lists of open source software programs. To name a few,

  • Adempiere — it is an ERP Business Suite
  • Compiere — it is an ERP solution automates accounting, supply chain, inventory and sales orders
  • ERP5 — Python and Zope based ERP
  • FriFinans — OpenSource finance application such as offers, orders, invoices, products and many others
  • GnuCash —  capable of double-entry book-keeping
  • Grisbi — Single-entry book keeping only
  • HomeBank — for personal or home use
  • jFin
  • JStock — Java-based, stock market software, capable of supporting multiple countries
  • JGnash — Java-based, capable of double-entry book-keeping
  • JQuantLib — this is a Java-based Quantitative Finance API framework KMyMoney — allows double-entry book-keeping
  • Marketcetera — a trading platform
  • Mifos — Microfinance Institution management software
  • n21 eBusiness Suite — web based ERP / CRM
  • Openbravo
  • OpenERP — ERP system
  • OpenXpert/Xpert — Fund accounting on Linux and Windows 98/XP
  • Quasar Accounting
  • QuickFIX/J — FIX protocol engine written in Java
  • SQL Ledger — for double-entry book-keeping
  • Tryton
  • TurboCASH — allows double-entry book-keeping for Windows

If there is home finance software, there is definitely office finance software. If these two are designed in order to help you with your financial matters, then what is their difference? Are they just the same? Of course not! An office finance application is made to be used in offices or business establishments. If you have a business but is home – based, what you need is the home finance application regardless of the size. But of course, it would be logical not to work in your home if you already have a large business. But for the meantime, settle for a home finance program. If you are a sole proprietor, all of the responsibilities of the business are on you, and you have nobody to consult business matters with.  Thus, it must be important to make the correct decisions especially during tough times. And a personal finance advice software program would be more than willing to help you. This software is quite different from the others because it sort of deviated from the primary purpose of financial applications. What it does is to give you insights and tips on how to prevent money loss. But its results are data based unlike other software.

For growing firms with specific needs, what you need is personal finance advice software. The SmartOffice Premier Edition is one good example of this. This special and unique software has a wide array of features. It also provides investment tracking, marketing and sales, customer service, business value, compliance, reporting and policy tracking. One thing must be made clear; this is not some software which will simply lay the tools you need to succeed. It is one which will guide you until you succeed. Moreover, this financial software tells you how to gain profit and not just what to use.

Even though the popularity of financial software programs are in a continuous increase, the financial software sales has increased only by a minimum. Actually, some companies even had a net loss at the end of the year. There are several possible reasons as to why software sales are like that. Number 1, competition has been tougher due to the proliferation of new finance software companies. Number 2, most people would settle for a pirated copy which costs way cheaper. Or better yet, some would simply download directly from open source software. Number 3, the prices of the products were severely decreased due to the arrival of more competitors.

Finance engineering software is one of the most sought after profession nowadays. Since there is a huge demand for financial software applications, it follows that there is also a demand for the individuals who make them. And these people are called software engineers, particularly finance software engineers. This is also offered as a Bachelor’s degree in certain colleges and universities. Again, knowledge for computer programming languages such as those mentioned earlier is truly essential. Working experience and attending seminars is a plus factor. Companies want to hire competent employees who would benefit them most. Thus, it is important to build credentials. A finance software company, once which manufactures financial software, would continue to produce newer versions of their pre-existing programs. As time passes, the market would evolve and it would call for a different approach in business. Marketers / entrepreneurs would then constantly demand for better software applications in order to get ahead of their competitors. This would encourage the software companies to develop new and better software applications with more tools, better features and greater capacities in order to supply the demand. That being said, it is clear that finance engineering is a full proof job since there would be a constant demand on the part of the supplier and the customer.

Therefore, finance software is an integral part in our society. Without it, business and the market would not have been as it is today. Furthermore, finance software applications actually introduced a new possibility – running the world’s market and businesses solely through computers. Who knows? A time might come when that might actually happen.

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  1. Alfred Said,

    Nice one! I can certainly make use of it, for finding the best financial software for my business. I have started my new business, and I am proud to say that it rapidly grows. So, I am looking for the best financial software that will help me in making my business more profitable and successful one. Your lists on the open source financial programs are very worthwhile. Now, I have more ideas on how to build my company with more competence. Handling it will be easier and comfortable. I can try the best financial software from your lists. Thanks for the information!

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