Open Source Accounting Posted on: April 18, 2011 at 12:00 AM
This page discusses - Open Source Accounting
Open Source Accounting
Turbocase open source Accounting software TurboCASH .7 is an open source accounting package that is free for everyone to download and distribute under the terms of the General Public Licence (GPL). It is one of the world's first fully-featured open source accounts packages for small business. Turbo CASH is much more than a simple 'home finances' or small business bookkeeping system . Small business accounting software providers typically release a low-end product for £100 that excludes such basic features as stock control. TurboCASH includes most functions a business will ever need: debtors, creditors, general ledger, full stock control, VAT accounting, invoicing, bank reconciliation, trial balance, balance sheet and income statements, full reporting and analysis, as well as mutli-company and multi-user capabilities.
Pros and Cons of Open Source Accounting Software Open source applications are an important part of the computer landscape and need a proper evaluation when making computer decisions. While open source licensing has no cost, open source computing is not ?free.? The focus of this article is to consider whether open source is a viable platfo
rm for accounting applications.
There are lots of applications built on an open source platform, such as the operating system from Linux and the Internet browsers from Firefox and Mozilla. Typically, open source software starts with a small company developing the foundation application code. Other software developing companies, individuals and small groups test and determine the code?s usefulness and whether they have any interest in enhancing the code. This public participation creates the opportunity for a major collaboration among the original developers and a wide range of other developers.
Some believe that open source is the domain of the geek who does nothing but play with code. With easy access to an open source application, the techie can wreak havoc and make error-filled changes. However, this does not happen.
Open Source Accounting and Inventory Program Launched A web based, open source accounting and inventory program called NOLA has been released. It appears that this program is fully web based, so it should be especially useful if you need remote access to accounting and inventory systems, or if you are working in a mixed platform environment.
According to the press release: Noguska has long been a leader in the graphic arts niche market, installing it's various accounting, estimating, and management packages for businesses around the globe. The release of it's Web Based NOLA accounting software under the GPL
promises to bring Noguska's software engineering expertise to the business accounting software market.
Open Source Accounting Software in Business In the world today there are new businesses that are opening. Many of these new businesses are small and need help with the financial and accounting concerns of the business but do not have a lot of money to spend on elaborate software. Luckily, there is Open Source Software which provides these companies with free downloadable programs that will help run the business and provide up-to-date information. Open Source Software gives new business owners a chance to succeed with no cost.
With the advancements in communications and technology, more and more people are opening small businesses and successfully operating them from their home. Accounting in large and small businesses is an important part of running a successful business. Today, there are many software programs that are designed to aid in the accounting portion of business. The problem with these programs is that they are very expensive and small businesses do not have the funds to purchase the expensive programs.
The business of sharing
- accounting for open source The benefits of free, open source software are great, and managed well can add great value to a business. Existing accounting best practices offer guidance on how best to account for the benefits of these, alongside the broad spectrum of other software in use today. Make sure you see the full value of your IT investment
. Free" or open source software could be compared to a potluck dinner-
you bring something nice to share, and you are free to choose from whatever you like. Take some of this, skip that. How well you eat depends as much on your own preferences as on the culinary skills of the other guests. And nobody checks to see if you really did bring something; it?s just expected, not enforced.
Open source technology allows you to build a system up at your own pace for your own needs. Because source code is shared openly, you can freely use the useful innovations made by other companies or individuals from your original ideas. Through this process, a company can build value from inside and outside its operations.
Open Source Accounting Solutions At first glance, you might think accounting systems are the main type of software that keep you using Windows systems. QuickBooks, Peachtree, Microsoft Money, and Quicken all run on Windows, and not directly in Linux. These programs have certainly captured the market for financial software for small businesses. Slightly larger businesses opt for expensive enterprise accounting systems such as Great Plains, MAS 90, and Lawson. These programs require extensive customization to make them work for a particular business. A few open source systems have emerged to provide compelling alternatives to proprietary accounting software. These systems are beginning to surpass the proprietary offerings in terms of features, customizability, and flexibility.