Then think about whether you really want to own all the software, or if you'd prefer to try things out through shareware, or use a hosted solution. It's easy to download and there are reviews and evaluations by users to help with the decision. St. Joseph's University management professor Mahesh Joshi recommends small businesses with little cash consider this option. So a person can evaluate the product and look at whether features are appropriate for their use before paying the full amount. In this model, the applications reside on the host's server or servers.
Businesses access the applications through the Internet, a specialized program or an intranet.
A package like Microsoft Office 2001 is pricey, but it is recommended by many professionals. The best program for any size business would handle accounts payable, accounts receivable, general ledger and invoices. You need to know when the money comes in and when it goes out, how it flows and what you owe. Small businesses at some point end up stretching out payables and working diligently to pick up receivables, so understanding the flow of cash is critical. Account Pro and Champion are two strong contenders in this field, experts say.