ADVANTAGES OF ACCOUNTING SOFTWARE

Business Intelligence Small Business Accounting Software gives you production financial reporting, dashboards, Business Intelligence coupled with drill-down all in one package. Easy-to-use, fast, powerful reporting without IT Graphical visualization Accurate info in real-time On-demand dashboards and pivots Workflow Enhances your control and oversight of all internal control functions by providing a visual medium for the setting up and monitoring of all your authorization and review processes. Visualize then actualize your approval process Automatically route tasks and assignments Automates responsibility and accountability while providing visual clarity of routing activities Budgeting & Forecasting Budget and forecast your organizations long and short-term goals. Create budget approval workflows and compare budget to actual results. Budget various ways using general accounting structure, payroll or allocations. Collect budget inputs into a single p...

Accounting Software automates and accelerates the work of an accountant or bookkeeper by reducing or simplifying recurring tasks like paying bills, entering double entries, issuing of invoices and generating several types of financial reports. These days various Accounting Software has an auto-matching feature which facilitates the performance of monthly bank reconciliation. With the introduction of Cloud Accounting Software , it brings immense convenience to users by allowing them to simply record transactions, retrieve accounting information, issue invoices and produce reports on the go, anyplace and anytime. For businesses, such convenience at a reasonable cost only means bigger adoption of the Accounting Software over the years. We trust its popularity will keep on going. New buyers made up a major portion of the market for accounting software last year, at 37 percent. More companies are finding that inheritance accounting systems can’t stay up with their needs and say th...

Advanced Analytics & Forecasting Many reports say hiring professionals with skills in predictive and prescriptive analytics is important. This includes data analysis expertise, which promises to bring greater control to the Finance function. There are huge amounts of information that can expose significant insight and improvements when harnessed suitably. Simultaneously, technical expertise in cybersecurity is necessary to cope with the risks that big data can fetch. Robotic Process Automation Estimated to greatly enhance productivity, automation threatens to make many Finance and Accounting roles outdated. As technology streamlines processes and eliminates inefficiencies, the focus shifts to building a highly planned Finance team that acts as an exact business partner to both internal and external stakeholders. Cloud & SaaS Cloud & SaaS technologies allow for the reformation of processes as several parties can easily access the same information, also increas...

Here’s everything you need to know about the day after Tax Day, and how you can prepare yourself so that you’re not caught off guard by competitors who refuse to acknowledge the existence of their vacation days. The medicine that’s the most bitter to consume is often the most successful get therapy, which is why accountants and tax professionals would like to fold up and ready to work, despite the fact that they’re most likely readier than ever for a break after Tax Day. While it’s undeniable that the accounting and tax professionals deserve an extensive breather after the unbelievable workloads they deal with every year as Tax Day draws near, the competitive reality is that in today’s marketplace, you can’t really afford to take a day off so soon. Yes, as sour as it is to confess, most accounting professionals need to admit that the day after Tax Day needs to be spent gearing up for next year and that your clients will soon be flooding you with questions yet again. First ...