More than half of U.S. small businesses do not use accounting software.
AMI Partners, Inc., a research firm that specializes in global small business market research, notes this in a recently-published study, entitled “Small Business Accounting is Big…and Getting Bigger”:
“U.S. small businesses (SBs; companies with 1 to 99 employees) spent approximately US$410 million on purchasing accounting software solutions in the last 12 months, and this figure is expected to cross the half-billion-dollar mark by 2008. The nearly 6% annual increase in accounting-software-related dollars augurs well for industry-leader Intuit (with their QuickBooks portfolio) and Microsoft, which recently jumped on the small business bandwagon with its release of Small Business Accounting 2006.