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It depends on whether you're looking for accounting software geared at SMBs or large corporations. On the high end, you're looking at SAP and Oracle. For SMBs, QuickBooks and Peachtree are the leaders.
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Xero.com of course!
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Virgilio, we get asked this question a lot (for good reason). Michael put together a really solid blog post listing 14 strong competitors to Quickbooks.
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