Which Accounting Software Is Used in New Zealand?

Since the move to Cloud Accounting in the early 2000's there are many, many accounting packages available to choose from.  

Which is the right choice for your business? - check out this great resource to view a directory of 594 packages, which can be filtered to suit your business requirements and the capability to compare those of interest with reviews and ratings:

 www.capterra.co.nz/directory/1/accounting/software

Every business has unique requirements, however the main financial functions to capture are: 

- Track Income/Expenses
- Accounts Receivable
- Quotes/Billing/Invoicing
- Payroll
- Purchase Orders 
- Fund accounting and Non-Profits function
- Compatibility with APP add-ons
- Tax Management*

If you are looking to streamline tax compliance - and want to use AIM for managing provisional tax look for packages that are Aim capable with Inland Revenue such as:

MYOB
Xero
Reckon APS
Tax Gnome

Check out this link for more in-depth information:
www.ird.govt.nz/income-tax/provisional-tax/provisional-tax-options/accounting-income-method-aim/find-an-aim-provider

Another bonus with accounting packages that link with IRD is the filing of GST and PAYE requirements are streamlined and up to date - saving on costly interest and penalties.

Feel free to leave a comment with your experiences with accounting packages and get in touch if you require any bookkeeping assistance with Xero.