Most home business owners do not have much time or money to spare, so they are looking for the a simple, user friendly and inexpensive accounting software. Most people have Windows XP installed, so the software should be compatible .
The popular accounting softwares for home businesses are:
1. Quickbooks: costs between $100-300, suitable for businesses with complex accounting entries
2. Quicken : costs about $50, has fewer features than Quickbooks (though developed by the same company) , bank information to the program can be directly imported from the online banking account to save on data entry time
3. Turbotax – for doing taxes at the end of the year.