Introduction There is a number of accounting software program catering to the accounting and taxation needs of small business entrepreneurs, having different features. Each of the accounting software has its own unique features, although all of them have some common features. This paper makes a comparison of the accounting software, Simply Accounting with QuickBooks and Simply Accounting versus QuickBooks Both Simply Accounting and QuickBooks share many common features; but for the selection of a particular accounting software program, it is important to consider the differences between the two software programs. Currency Options Simply Accounting Pro version comes with a multicurrency option with two currencies built into the program. Other versions of Simply Accounting provide for the use of unlimited currencies. Companies operating in different countries may have to transact in more than one currency. For those companies, Simply Accounting is a better option. In the QuickBooks Pro version, the user has only a single currency option, if the software program is bought online or from any dealer store selling the software. Businesses that require the use of more than one currency may call the QuickBooks sales to get the link for downloading the software to use multi-currencies. The multi-currency option is not available with the QuickBooks Pro version. It comes only with its Multicurrency Premier Edition. The advantage of the Premier version is that it has a three-user license; but the software is expensive than the Pro version, which is a disadvantage (Khan). Upgrades The accounting software Simply Accounting provides for easy upgrading of an earlier version to the latest version. It is possible to upgrade all versions of Simply Accounting, which provides for the facility of Multicurrency function; but this facility of upgrading is not available in Simply First Stage. However, there may be some problems encountered with Office XP. “Older versions of Simply Accounting may not upgrade to newer versions that require Windows 2003 or Windows 2007 Office software. Windows 97 Word or Excel may need to be upgraded.” Multicurrency editions of QuickBooks pose major problems with upgrades. There is no facility to upgrade the single currency version of QuickBooks software automatically, especially when the business has started accounting using the Multi-currency version of the software. When the upgrading is attempted despite the lack of upgrading facility, it would lead to deletion of details. It may also lead to the transactions being presented without marking the base currency. Payroll Accounting When the accounting software was first introduced, Simply Accounting offered the feature of printing payroll checks free of cost. Presently there is the need to pay a subscription and the subscription rates vary from time to time. One has to call Sales to ascertain the current rate of subscription. In the case of QuickBooks, the Multicurrency version is quite expensive for including payroll options than the Pro versions. This is a disadvantage with QuickBooks. Format for Report Generation It is easier to generate reports in QuickBooks, as sending estimates, invoices, packing slips and other reports can be easily done wi