Top Accounting Software That Make Work Easy10 Jan, 2018 3327
Technology has made our work easier and faster. Most of the work in every field like marketing and designing is now computerized. One such field is accounting where hours of calculation has been replaced by different computer programs. In fact, accounting software has now become an essential part of daily activities in any business no matter whether it’s a small scale or large scale industry. They now perform all their accounting functions through these programs. This is because they provide various benefits such as faster calculations, mistake-free results, less cost, etc. Companies prefer systems which are reasonable, good in quality and convenient.
If you are also looking for the best accounting software, then we are providing you the list which you can consider. Here we go:
FreshBooks is the current favorite of many accountants and is used by more than five million people. You can create invoices, record expenses by tracking your time. It helps to complete your work quickly. When Mike McDerment, co-founder of the company could not make invoices efficiently using Microsoft Word, the idea snapped, and FreshBooks was developed. It is now a number one accounting solution for many business owners. It was recently updated and now allows you to collaborate with team members and has a dashboard where you can manage payments and can prioritize your work. Other features include direct payment gateway, overdue payment reminders, etc.
Xero is specially designed for small businesses and enables the users to manage the financial data anytime, anywhere. You can log in through your tablet, phone, PC, to access it and it is easy and quick to use. You can manage revenues, receivables, payables, and cash flow through this and can customize it according to your needs.
You can take free trials and test features of this software.
It is more suitable for large size companies and requires expert users as it offers advanced accounting modules such as sale, purchase, payroll, inventory, employee management, etc. It may be difficult to use initially, but once you practice on it and learn to use it, it will be beneficial to you. The features include automatic accounting, direct credit card transactions, tracking fixed assets, etc. It has an automatic system to deduct tax from expenses and for backups of your data that too with complete security.
4. Sage 50
Sage 50 is available in different versions as to be accessible by every business type. It is very simple to use and assist you with the invoice, cash flow, inventory, etc. It is flexible, well-structured, fast and has the best accounting standards. It’s an affordable solution to your accounting problems with benefits like automatic backup.
It is a desktop-based program that helps small businesses to manage sales and purchases. It has trademark feature for inventory reports, direct deposits, and double-entry feature for insightful custom reports. You can keep track of time, assets, liabilities, income, expenses, etc. In case you want to record repetitive transaction, it saves your time by providing you a reminder feature. It ensures protection, correction, balance by locking your data, reviewing it, and keeping an audit trail.
One of the fastest growing payment networks has changed the way a business pays and receives the bills, and how they deal with customers and vendors. It easily integrates with your accounting system and bank accounts, and puts an end to time-consuming data entry that too without any error. The features are online bill payment, unlimited storage, and much more.
These are a few out of the best accounting software that are helpful in keeping the records of finance, cash flow, payables, receivables, etc. You can take free trials and check if it suits your requirements or not. We are sure that they would lessen your workload and make the lengthy calculations easy and quick.
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You might also find the tips for cost-accounting students to master the subject, helpful.
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