Isaac M. O'Bannon

2006 Readers' Choice Awards

By Isaac M. O'Bannon

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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.

SPECIALTY SYSTEMS & TAX PREP TOOLS
Readers’ Choice Results
1. BNA’s 706 & 709 Preparer
2. HC Sharp’s 1040 Review
3. SurePrep Express

Insight:

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.


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