Which Features Does Your Small Business Need in An Accounting Software
Here are some of the features accounting software should offer to help you save time and better manage your finances:
Basic accounting tasks
Most small businesses can make do with accounting software that offers basic functions like invoicing (both by email and snail mail), income and expense tracking, financial report generation, and client and vendor management.
Things like automatic billing, recurring payments, past-due notifications and other automated processes save you time because you will not have to manually do them yourself.
Quote and estimate creation
Use customized, premade templates to create quotes and estimates for clients; then automatically convert them into invoices.
Make both your life and your accountant’s life easier with accounting software that can help you with your taxes. Features include automatic tax calculations, multiple tax rates and tax reporting, and the ability to instantly email all necessary data and files to your accountant at the click of a button.
Most accounting software products give access to multiple users (e.g., you and your accountant), so you don’t have to do everything on your own.
Enter time sheets, calculate pay, print checks and pay your employees — without all the legwork.
Use your accounting software anytime, anywhere on your mobile phone or tablet. This is particularly useful for business owners who are always on the go and are too busy to sit down and manage the books at a computer.
Accounting software can make it easier to run your business by integrating and automatically inputting real-time data from apps and tools you use the most. This includes POS systems, inventory, e-commerce, ERP, credit card processing, CRM and Google apps.
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