With about 15 percent of all voters claiming use of a sales and
use tax system, the two leaders in this category specialize in specific
geographic areas. This shouldn’t be a surprise, however, since
the sales and use tax compliance market is one of the most wide
open. Most small businesses only have compliance issues with a couple
of taxing entities and either don’t use a specially designed
package or use one that is tailored to their state. CFS only offers
compliance for CA and NY, while eFileSalesTax.com is strictly for
CA. The CCH product, on the other hand, provides a sales tax system
that can handle all states and jurisdictions and integrates with
the business’ accounting software.
Readers’
Choice Results 1. ValuSource — Express
Business Valuation
2. MoneySoft — Corporate Valuation Professional
3. NACVA — Business Valuation Manager Professional
4. MoneySoft — DealSense Plus+
Insight: Business valuation
is a very niche specialty, with only about 5 percent of voters in this
poll signifying usage of a business valuation package. But with only a
few products on the market, the field is still very close.
Readers’ Choice Results 1. Intuit — QuickBooks
Premier Accountants Edition
2. Thomson Creative Solutions — Write-Up CS
3. CCH — ProSystem fx CPAClient Write-Up
4. PC Software — Client Write-Up System
Insight: Whoa, Nelly!
QuickBooks took this category by an order of magnitude, clearly dominating
the other products among the more than 50 percent of voters who cited
a product in this category. Although this is not a scientific survey,
these results should finalize the debate over whether the professional
accounting community has accepted Intuit. This is certainly a sea change
from about five years ago when the profession bemoaned QuickBooks as not
appropriate for write-up. But through continued evolution of the product
and building it out to core verticals as well as the addition of core
features designed for accountants, QuickBooks has continued to proliferate
throughout virtually all types of small businesses, and so it seems that
many (if not most) accounting professionals are adopting QB at least for
handling their QB clients.
This is really comparing apples and oranges since the products
in this category vary widely in purpose from analytical systems
to specialty preparation programs. Users could even be running multiple
systems from within this category, although only about 5 percent
of those polled reported using a system from this category.