Starting a new business takes a lot of effort. Part of that ongoing effort will be tracking the income and expenses generated by the small business. There are many small business financial software products capable of meeting your needs. Deciding on the best solution for your small business is the goal of this article.It is important to determine the financial accounting needs of your small business when looking for software. Depending upon the type of business that you operate, the following functionality needs to be considered:
Track Customers and Sales
Invoice Customers
Manage Inventory
Process Credit Cards
Create Budgets
Perform Payroll Functions
Business Tax Reporting
Paying Bills
Most of your time will be spent entering data into your business accounting software solution. An important consideration is the bank that you do business with. Most provide data feeds, verify that their format can be uploaded into your financial accounting software. This can save you hours of effort.With hard work and determination, your business will grow over time. Pick an accounting software solution that will grow with the business and meet your needs in the future. This can be accomplished by selecting a product with an upgrade path with more options or a product that you can add modules to later.Their are accounting solutions that are available online using a web browser or by installing and using on a computer. If you will be out of the office for long periods of time, an online solution may be a better choice.Depending upon the structure of your business, taxes can take lot of time on an ongoing basis. Does the software help generate tax forms that need to be filed on a monthly or quarterly basis. At the end of year tax time, can you create an extract that can be pulled into your tax software. Or if you use an accountant, does the software allow you to create an accountant copy for the accountant? Tax time is stressful enough, these features can be a great time saver.As your business grows, it may be necessary to allow additional users to enter information or perform other tasks to bill clients etc. Does the software allow you to restrict the access for users? Some users may need access to all functions while others will only need limited functionality.Talk to people in a similar business to find out what small business financial software they use to track their business. Ask them about the features that save time, what needs improvement and if any are missing. Most likely you will not find a software solution that is perfect, but you will be able determine the software that best meets your small business needs.Some final considerations to make:
Will you need support? Check into the support options of the accounting software and estimate any additional costs that may be incurred.
Do not pay for features that will not be needed.

Free trials are the best way to check out the financial software. Trials are short and usually limited to 30 or 60 days, go through the list above to determine your needs and come up with a plan to test the functionality to decide on the best small business financial software that meets your needs.

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.