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Choosing Affordable Small Business Accounting Software Systems

Today's, business owners are technophiles. They believe in harnessing technology to meet their business needs. It can be seen in the way they have taken to the online small business accounting software systems.

Upgrade to Online Accounting System

If you are managing a business, then your main concern will be to get a grip on your day-to-day accounting. It is now 2018, and whether you like it or not you will have to look for the solutions that are beyond paper-pencil and spreadsheet-based accounting. Fortunately, you can address your woes by upgrading to web-based accounting software.

You must be in search of the best accounting software for your small business. You will find that online accounting software is the best business software solution for you. No matter where you are and what the time is it is always accessible over the internet. You also neither have to worry about the updating of this system nor the backing up your business’ financial data.

Access Financial Data from Various Devices

A large majority of small business owners have started using web-based financial tools and accounting software systems. They want to use various devices like smartphones, tablets, notebooks, laptops, and desktops to do so. They also expect sophisticated user interfaces and a seamless environment across these devices.

In fact, the young managers depend on it for the instant facts-based decision-making. The instant and anywhere access to their business’ financial allows them to keep an eye on the outstanding receivables, send invoices using emails, and check its health status. Before choosing the best accounting system for your small business cast, your net wide.

Features of Best Accounting Software

If you are going to buy an accounting software for the first time, there is an easy way out for you. Search for the providers who allow the users to download free versions of their software. However, keep in mind that these are not the full-fledged version of the software. Still, the experience will give you a fair idea of what to expect from the live version of the system.

The businesses, like individuals, differ in their needs. The following are some of the features of best accounting software that you will find helpful in your search:

Even small businesses need an accounting system that uses a structured database to store customer data like purchase history, frequency, credit terms, etc.

The businesses may also need online accounting software that can set multiple and base currencies & foreign currency exchange rates.

Accounting software economizes on resources like time & cost which you can use to grow your business.

The automation of accounting tasks also results in a paperless office.

Reduces your dependence on the paper file-based system.

Create unlimited companies.

It allows preparing of various financial reports.

It takes care of recurring transaction in the most satisfactory way.

Enjoy multi-user access and collaborate with your accountant.

Choose Accounting System with Best Modules

You need to understand that the online small business accounting software systems are specially designed to cater to the needs of the small business segment. They come with various value-added components to handle tasks like track banking entries, create deposits, inventory, Goods, and Services Tax management which simplifies compliance.

You may think that online accounting software price may be out of the reach of your smal business. However, it is not so. It is accurate an assumption. You do not have to pay any license fee for it. However, you need to subscribe to it. The fees can be as small as 9$ — 20$/month. For a small business owner, it is quite affordable. The more you pay, the more services you get access to. It is best to know the needs of your business and then search for an accounting system offering those.

A modern business owner has all the reasons for using a web-based small business accounting software. The move streamlines the business’ financial information and instant access to it to make data-driven decisions.

Contact Info SBS Consulting Pte Ltd High Street Centre, #17–02, 1 North Bridge Road, Singapore 179094 — Singapore Phone: +65–6536 0036 Email: info@sbsgroup.com.sg

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Choosing Best Accounting Software for Your Small Business

Using a web-based business accounting software for your company is vital. It enables you to record and streamline financial activities of your business right from its start. The other options are to do your accounts manually or hire an accountant.

However, as a small business owner how much time you can spare for it? Most small business owners prefer best online accounting software for medium-sized business because hiring an accountant is a costly affair.

Why Business Owners Love an Online Accounting Software

When you are operating in a fiercely competitive market, you should be better armed to increase your efficiency. The best accounting software online gives you an edge when it comes to making decisions based on live business data. It is the reason why modern business owners prefer these tools.

An online accounting system gives them a chance to control the finances of their businesses. They only have to use their smartphones, tablets, laptops, or the desktops to access the business’ financial and other data instantly. It allows them to meet the everyday business challenge on 24/7 basis & succeed.

The credibility of the small business owners depends on how whether they keep their promises. Using these tools, they can access their cash flow, accounts payable, accounts receivable, inventory, etc. It goes a long way in making effective business decisions and giving the word of honor to your customers. In fact, using these tools, you can instantly email them the invoices for the latest sale.

Manual Accounting is a Thing of Past

The paper-pencil and spreadsheet-based accounting is a thing of past for you unless you are a very small business. Nowadays, even the SMEs has foreign customers. The internet has given them the global reach, and they have to choose the best accounting software for their use.

They need a software that can allow them to take care of following tasks easily:

•    Prepare GST Report for filing

•    Create unlimited companies

•    Send professional online invoices

•    Manage inventory, generate invoices, & orders easily

•    Check that account balances are in agreement

•    Set multi currencies & foreign exchange rate

•    Set base currency to view the values of transactions

•    Budget forecasting, analysis, & comparison

•    Prepare financial reports

•    Take care of repeat transactions.

•    Collaborate to manage business’ financial data

Improving Efficiency of the Business

You need to updated books of accounts to understand if you are making any progress. Otherwise, you may not be able to take effective or corrective steps even to improve your poor performance.

These records enable you to understand and keep your cash flow in check. That is why you will be better off if you automate accounting processes using a small business accounting software.

Finding an accounting software that can fully address the needs of your business is a time-consuming task. The businesses, like individuals, differ in their needs. Most used accounting software that is a perfect fit for a business may turn out to be inefficient for another.

Your best bet will be to look for one that is made specifically for your business niche. Yes! There are accounting software systems specially made for the transport, construction, retail, hotel, marine, and other industries. Go through the accounting software features and find a system that meets your needs as closely as possible. Discuss your other needs with the representative of its manufacturer and see, if they can customize it for you.

The online accounting software systems are easy to adopt. With intuitive user interfaces, the learning curve is not steep. These tools enable you to access your business’ financial data 24/7 from anywhere. It also becomes easy to collaborate with your accountant and colleagues using live data.

The best accounting software is installed and updated on web servers, and you always use their latest version. The online accounting software prices are affordable. It is not as if you have to pay the license fees to use them. You can subscribe to them by paying monthly subscription fees that are as low as $9/month.

Contact us:

SBS Consulting Pte Ltd

Visit: http://www.oneaccountingsoftware.com

High Street Center,

#17-02, 1 North Bridge Road,

179094 - Singapore

Phone: +65-6536 0036

Email: info@oneaccountingsoftware.com

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Harnessing Power of Accounting Software for Small Business

Are you up-to-date with your accounting? If you are, how much of it is because of your web-based accounting software for small business? I bet, you have a lot to thank to the manufacturer of the system.

Not long ago, owners of the small businesses use to rely on paper & pencils to do their accounts. With the coming of Microsoft Excel and its clones, things improved a bit. However, it became clear that it works only for those having a small volume of transactions. You need accounting software for SME if you are serious about the task. It is a simple way of saving time and reduce the cost of your accounting.

Get Web-Based Accounting Software for SME

The business software solutions are ever evolving. Now, you have the option of harnessing the power of online accounting software for small business. The advances in communication technologies and developments in the niche have brought this type of accounting software within reach of a common business owner.

On-the-Access to Business Data

It is an important development from the point of view of owners operating small businesses. Online accounting software for SME allows them all the flexibility. They can access business’ financial data from anywhere and at any time. They can have the luxury of on-the-go accounting & data-driven decision-making without having to invest heavily.

Accounting Software to Fulfill the Needs of Your Small Business

Today, the commerce depends on the Internet for communication between the businesses, manufacturers, suppliers, investors, and consumers. Now, small business and if you come to it, even a day-old startup can have foreign clients. It means that today’s businesses need the best accounting software for startup business to take care of their business needs.

The qualified accountants play an important role in the designing and development of these software systems. The accounting software systems enable businesses in standardizing their procedures and processes.

Multi-Currency or Single Currency

The owners can easily manage client list, currency exchange rates (daily, monthly, or as required). They can set Multi-Currency or Single Currency to record and view their financial transactions with the foreign customers or suppliers. They can also easily set and manage values of Taxes, Cards, Currencies, Users, etc.

Multi Users

The online accounting software for new business is pretty user-friendly. They are easy to learn, and the curve is not at all steep. Most importantly, they allow the business owners to collaborate with their accountants and employees. It is very beneficial for making data-driven decisions rather than making educated guesses.

Use Multiple Devices for On-the-Go Access

This is the era of web-based software. You can access them from various devices that are connected to the internet. All you have to do is to open the internet browser on your smartphone, tablet, desktop, or laptop and enter the URL of the accounting software provided by its manufacturer to access it. It is as simple as that. You can even send invoices to your clients, in a few seconds after finalizing the deals with them. It is a very handy feature for getting paid on time.

No Installation or Hassle with Software Patches

The companies search for the best accounting software for small business at economical costs. And, the web-based once is the best option for them. These systems are installed on the web servers. Whenever the manufactures update them, it is done on servers.

The latest version is instantly available to the users. There is no downloading and installing of software patches like it was with the desktop-based software systems. The new breed of accounting software is far easier for the end user to access and use.

Running a business is not like a doing a 9 to 5 job. The owners have to juggle multiple tasks while catering to the needs of their customers. Of course, it is what gives them revenue. However, accounting is a non-core task and generates no revenue. It is no use spending too much time on it by doing it manually. Upgrading to online accounting software for small business can work like a charm for automating your business’ accounting function.

Contact us: SBS Consulting Pte Ltd Visit: http://www.oneaccountingsoftware.com/ High Street Center, #17–02, 1 North Bridge Road, 179094 — Singapore Phone: +65–6536 0036 Email: info@oneaccountingsoftware.com

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The business owners are always on the lookout for better opportunities. Sometimes they start looking for them overseas.

During the last couple of decades, Singapore has come up as the most attractive destination for the investors and entrepreneurs.

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Tips for Choosing the Right Small Business Accounting Software

The accounting software that your company uses to streamline your books matters. Today in the ear of computer literacy, you cannot go & say that you are proud of still using paper and pencil or even, spreadsheets for your business’ accounting. It is not going to enhance your brand image.

The modern businesses irrespective of sizes and their age use online accounting software systems to do various tasks. You can keep track of revenue, forecast sales, and manage inventory of the business with ease. The use of these tools also results in reduced human errors that are part and parcel of paper-based manual accounting. In addition, you get access to critical business financial info with just a few clicks of a mouse.

It is not that you to the market and just buy the best accounting software for your small firm. You need to search and find something that is perfect for your business needs. You may have to go through several tools including the accounting software systems that are targeted at your business niche. Go through the following tips to buy the right software for your enterprise.

Find Something Suitable for Your Accounting Needs

Buying a small business accounting software that does not cover all your needs is going to create problems. You can avoid the situation by analyzing how your business operates. You also need to consider the scale of your business.

You can even discuss them with your colleagues or employees. Once you have the fair idea, go ahead and do a thorough search to shortlist a few reputed online accounting software.

If you run a multimillion dollar making SME that regularly do business with the foreign clients then your accounting needs are going to be different than that of a startup. Primarily, you will need a software that can handle transactions in foreign currencies for the SME, right?

The manufacturers of the online accounting software systems have recognized the need for business niche-based tools. There are accounting software systems for construction businesses, for marine firms, for restaurants, for retailers, for manufacturers, etc. Search for an accounting system for the business niche.

Also Read: Accounting Software for Small Business: Handle Your Numbers Efficiently

On-the-Go Accounting Software

The business accounting software systems have come a long way. They have evolved from desktop-based to online accounting systems. Nowadays, a number of business owners prefer using these systems. The main advantage of these tools is that they can be accessed and used using a smartphone, tablet, laptop, or a desktop. The owners can access them using internet browser from wherever they are and at any time. The trend is to the benefit of On-the-Go accounting.

The web-based small business accounting software is installed on the web servers. If they are updated, the new version is also loaded on the servers. It becomes accessible to the users instantly. They do not have to download new versions or software patches and struggle to install them or bear the cost of IT professionals. There are also no software license costs.

From a business owner’s point of view, using online accounting software is highly beneficial. It allows them to instantly email invoices to their clients. It improves their chances of being paid without delay. The instant and everywhere access to their business’ financial info also allows them to make data-driven decisions improving the overall efficiency and the effectiveness of the business.

The business owners, from time-to-time need to collaborate with their accountants. The best accounting software gives both of them access to the same data and brings it about. It means, the owner and the accountant do not have to be in the same room when they want to talk about the business’ accounts. They can be anywhere in the world and can still arrive at effective business decisions.

You need to pay attention to the features and add-on functionality of the shortlisted accounting software. Carefully examine the add-ons as they can give the extra flexibility to your capability for mastering your accounting challenges.

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Use Online Accounting Software for Small Business to Control Your Finance

In the last two decades, the field of accounting has seen many changes. It has moved from leather-bound journals to spreadsheets and now is the era of online accounting software for small business. These systems improve your effectiveness by allowing you anytime and anywhere access to the business data for making data-driven decisions.

Simplify Your Foreign Transactions

Are you taking your business overseas or negotiating a tie-up with a foreign supplier? If it is the case, you will need web-based accounting software for SME that can make handling of foreign currencies easy for you. Such a tool will allow you to manage currency exchange rate, set single or multiple currencies to your customers’ accounts, or set base currency to view the value of these transactions in your preferred currency.

Find the Best Accounting Software for You

Locating the best accounting software for small business is a not easy as the businesses vary in their needs. Business software that is a snug fit for one may not be the right solution for another. Your best bet is to go for the accounting software for SMEs in your business niche. You should aim for a tool that is both, affordable and easy to use.

Monitor and Improve Your Cash Flow

The web-based accounting software for small business helps in better management of its cash flow. You can instantly review your debtors using it and decide about the collection or credit extension. Their use increases the productivity as there is no paperwork to generate and file. A few of these systems allow you to sift through the business data to reveal trends in the market which can lead to new opportunities.

Use Charts to Improve Efficiency of Your Business

These tools allow you to closely monitor and scrutinize your cash flow. The best accounting software for small business shows charts depicting cash in & out of the company over the period of last six months, invoices owed to the company, bills owed by the company, and the user activities. They also come with time-saving features like automated entries, email invoicing, and accounts reconciliation.

Manage Accounting of Unlimited Companies

If you own multiple companies, it is obvious that you would like to use single accounting software for small business to do their books and keep the things simple. It translates to finding software that allows the creation of multiple or unlimited companies. Todays, online accounting systems make the task even simpler. They allow you options like an accounting firm, a manufacturing firm, or a construction firm to base your business on. These systems even create the default accounts based on the business and industry-type selected. It is accounting at its ease.

Today, accounting is not as it was 20 years ago. There are hardly any businesses relying on paper-pencil-based accounting. The small businesses do use spreadsheets for their planning and budgeting to some extent. But, it is not for long. They eventually grow and needs a proper system to take care of their business’ financial transaction and data. The online accounting software for small business works great for them backing their business decisions with the flexibility and strength of On-the-Go accounting.

Source:https://goo.gl/KgihVt

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An owner who is about to start a business is one of the busiest individuals. There are literally numerous things for him to finalize and do. They have to see to the rents agreements, utilities, storage space, permits, and licenses, suppliers, marketing campaign, etc. It is the time they should also think of automating few of their administrative tasks. They have the option of using accounting software for small business to lessen their burden.

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Era of Online Accounting Software for Small Business

An owner who is about to start a business is one of the busiest individuals. There are literally numerous things for him to finalize and do. They have to see to the rents agreements, utilities, storage space, permits, and licenses, suppliers, marketing campaign, etc. It is the time they should also think of automating few of their administrative tasks. They have the option of using accounting software for small business to lessen their burden.

A Startup Need Online Accounting Software

Keeping updated records of financial transactions is a must for the businesses. However, the task is time-consuming if you try to do it manually. Accounting using pen & paper or even using the spreadsheets is a thing of past. The business IT software systems have evolved tremendously. It has brought accounting software for SME within the financial means of small business owners. Now, they don’t have to shell out large sums for licensing and maintaining these systems.

Now, you can subscribe to the basic version of best accounting software for small business easily. It takes only 9$/Month – 12$/Month. You can access an online accounting software for small business using your smartphones, tablets, laptops, or desktops over the internet connection. For the today’s managers and owners like the 24/7 access to the financial data of the business from anywhere.

Accounting Software SME for Better Decisions

The upgrading to the accounting software for SME helps the owners in making data-driven and better decisions. Using the latest financial data for decision-making leads to unbroken promises and commitments. Moreover, these web-based accounting systems allow them to email customized invoices to their client. It means that they can deliver their products to the clients’ office. And the next instant, access the software and after doing the data-entry, email it to the client and get paid early.

When you use a desktop-based accounting software, it ties you off to your workstation in the office. When you are away from it, it is obvious that you cannot update your data. Moreover, you cannot collaborate with your accountant or any other colleagues. A web-based accounting software for SME allows you to do both of these things On-the-Go.

Also Read: One Accounting Software for Startup & Small & Medium Enterprises

Features of Top Accounting Software for Small Business

Choosing the best accounting software for small business that will accommodate all its needs is not an easy task. You should look for the one that serves the businesses in your niche. It offers the best chance of finding the most suitable one for your use. You should also go through the features of the accounting software to get a fair idea of what it offers. The following list may work as a point of reference while shortlisting the accounting systems.

GST Capable Accounting software

Multi-Currency Management

Multi-Users in Collaboration

Create Unlimited Companies

Online Invoicing Streamlines the Sale & Purchase Management

Streamline the Inventory Management

Reconcile any Business accounts (including bank accounts)

Budget Planning and Forecasting

Dashboard to Get Real-Time Data

Reports Management

Customer & Vendor List Management

Manage Recurring Transactions

A web-based accounting software for small business provides you with fast and accurate results. It also produces a number of financial reports that allow a qualified accountant to know about the financial status of the company. Such data can influence the future course and the growth of the company.

SBS Consulting Pte Ltd Visit: http://www.oneaccountingsoftware.com/ High Street Center, #17-02, 1 North Bridge Road, 179094 - Singapore Phone: +65-6536 0036 Email: info@oneaccountingsoftware.com

Source: https://goo.gl/qjrkCt

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Era of Online Accounting Software for Small Business

An owner who is about to start a business is one of the busiest individuals. There are literally numerous things for him to finalize and do. They have to see to the rents agreements, utilities, storage space, permits, and licenses, suppliers, marketing campaign, etc. It is the time they should also think of automating few of their administrative tasks. They have the option of using accounting software for small business to lessen their burden.

A Startup Need Online Accounting Software

Keeping updated records of financial transactions is a must for the businesses. However, the task is time-consuming if you try to do it manually. Accounting using pen & paper or even using the spreadsheets is a thing of past. The business IT software systems have evolved tremendously. It has brought accounting software for SME within the financial means of small business owners. Now, they don’t have to shell out large sums for licensing and maintaining these systems.

Now, you can subscribe to the basic version of best accounting software for small business easily. It takes only 9$/Month – 12$/Month. You can access an online accounting software for small business using your smartphones, tablets, laptops, or desktops over the internet connection. For the today’s managers and owners like the 24/7 access to the financial data of the business from anywhere.

Accounting Software SME for Better Decisions

The upgrading to the accounting software for SME helps the owners in making data-driven and better decisions. Using the latest financial data for decision-making leads to unbroken promises and commitments. Moreover, these web-based accounting systems allow them to email customized invoices to their client. It means that they can deliver their products to the clients’ office. And the next instant, access the software and after doing the data-entry, email it to the client and get paid early.

When you use a desktop-based accounting software, it ties you off to your workstation in the office. When you are away from it, it is obvious that you cannot update your data. Moreover, you cannot collaborate with your accountant or any other colleagues. A web-based accounting software for SME allows you to do both of these things On-the-Go.

Also Read: One Accounting Software for Startup & Small & Medium Enterprises

Features of Top Accounting Software for Small Business

Choosing the best accounting software for small business that will accommodate all its needs is not an easy task. You should look for the one that serves the businesses in your niche. It offers the best chance of finding the most suitable one for your use. You should also go through the features of the accounting software to get a fair idea of what it offers. The following list may work as a point of reference while shortlisting the accounting systems.

GST Capable Accounting software

Multi-Currency Management

Multi-Users in Collaboration

Create Unlimited Companies

Online Invoicing Streamlines the Sale & Purchase Management

Streamline the Inventory Management

Reconcile any Business accounts (including bank accounts)

Budget Planning and Forecasting

Dashboard to Get Real-Time Data

Reports Management

Customer & Vendor List Management

Manage Recurring Transactions

A web-based accounting software for small business provides you with fast and accurate results. It also produces a number of financial reports that allow a qualified accountant to know about the financial status of the company. Such data can influence the future course and the growth of the company.

SBS Consulting Pte Ltd Visit: http://www.oneaccountingsoftware.com/ High Street Center, #17-02, 1 North Bridge Road, 179094 - Singapore Phone: +65-6536 0036 Email: info@oneaccountingsoftware.com

 Source: https://goo.gl/qjrkCt

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Accounting Software for Small Business: Handle Your Numbers Efficiently

The business software systems keep on evolving. The process makes available a number of options in accounting software for small business. Upgrading to the accounting software for SME goes a long way in the automation of bookkeeping, accounting, invoicing, and other tasks. The owners can eliminate their dependence on the manual efforts and turn their office into a paperless one.

Automation Using Online Accounting Software

The non-core tasks bring no profit to the businesses. However, they are important to ensure timely statutory compliance of the business & cannot be ignored. It is one of the reasons for upgrading to online accounting software.

A large number of businesses, because of the favorable features of accounting software, have switched from desktop-based accounting systems to online accounting software.The new systems give them the On-the-Go freedom of updating their financial data.

24/7 Access to Web-Based Accounting Software

An accounting software for SME frees them of their office-workstation. They can access the software using smartphones, tablets, laptops, or desktops. You do not have to depend on the paper files.

Adoption of new online accounting software for small business makes bookkeeping and accounting easy. You do not have to struggle with the spreadsheets or a paper-pencil to complete the task. However, you need to be careful while selecting a user-friendly & cost-effective accounting software.

Email Customized Invoices

The best accounting software for small business enables emailing of invoices to the clients instantly. Doing so helps them in cutting a lot of red-tape and getting paid on time. That is why an online accounting software that simplifies the management of online invoices is in demand.

Moreover, such software systems allow the businesses in the customization of invoices using Company Name, Logo, & Trademark, and spread awareness of its brand. It is a great tool in the hands of a startup business to highlight its identity to its customers.

Multi-Users

The best accounting software for small business enables the business owners to collaborate with their accountants and colleagues. It can handle multiple user roles. It allows, depending on the privileges, multi-users access to the financial data of the business. They can access the data from wherever they are and do the real-time accounting.

Secure Data

The manufacturer of the online accounting software system loads it on the web servers. It is where the user data is stored. The data is kept safe by using the Security Matrix. No unauthorized user can access it.

Whenever there are changes in the rules and regulations, the new copy or the version of the software loaded directly on the web servers. The users get access to it instantly. That is why these types of software can save costs for the users.

The accounting software for small business plays an important role in streamlining of the accounting work. By automating the work, it increases the efficiency of the business and enables its management and owner to focus on its growth.

 Contact us:

SBS Consulting Pte Ltd

Visit: http://www.oneaccountingsoftware.com/

High Street Center,

#17-02, 1 North Bridge Road,

179094 - Singapore

Phone: +65-6536 0036

Email: info@oneaccountingsoftware.com

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5 Benefits of Accounting Software for Small Business

The prime responsibility of a small business owner is to keep the business profitable. It, over the period, allows them to increase their client base, improve their products & services, and ultimately, expand their business activities. They benefit from the online accounting software for small business in overcoming their accounting challenges within the time constraint.

Advantages of Online Accounting Software for Small Business

At the end of the long weary day, no one wants to grapple with the bookkeeping and accounting of their business. However, updating their financial data is a must for them. It is a statutory requirement. Moreover, it allows them to judge the financial health of their business. A web-based accounting software for SME enables their owners to automate and streamline one of their time-consuming administrative tasks. Read on the best features of accounting software system...

User Friendly

In business, upgrading to the best accounting software for small business for the first time, the steep learning curve may present a great difficulty. It may delay the acceptability of the software. It may defeat the move for automation of its accounting function. An accounting software has to be user-friendly, and must offer ease of navigation & intuitive interfaces.

Data Security

The web-based accounting software for SME can be accessed from anywhere. It is mainly because of it remains loaded on the web servers. It stores business’ financial data online. However, there is not a cause to worry. The data is protected using Security Matrix.

The software allows for the different roles and enables multiple users to access the software as per their privileges. The feature allows the business owners to collaborate with their accountants and colleagues.

Manage Your Cash Flow

The cash flow of a business tells its owners how much money is coming and going out of the business. However, the owners cannot keep every business transaction in their head. That is where an online accounting software for small business comes into play. It digitizes the financial data and makes it accessible from anywhere using smart-phones, tablets, laptops, and desktops. It enables the business owners in properly scrutinizing the profits and losses and other financial aspects of their business.

Professional Invoicing

It is always beneficial for a business to send the invoice to their customers as early as possible. The reason is obvious. They want to get paid as early as possible. The best accounting software for small business allows them to print or instantly email customized invoices to their clients.

A customized invoice depicting the name of company, trademark, and logo looks more legitimate. It also adds to the brand image of the business. Moreover, the software allows the owners to even send the invoices using their smartphones while they are still in their clients’ office.

Prepare Accurate Financial Statements & Reports

You need to prepare financial statements to table them in the AGM and file your annual returns. That is why it is important to upgrade to the best accounting software for small business. It drastically cuts down the pencil-paper or spreadsheet-based manual accounting. Moreover, once the data is entered into the software, it is available for instant retrieval as long as it is not deleted. The software can use it to prepare various financial reports. It lessens your reliance on the absolute paper-filing system.

An online accounting software for small business can help small businesses in keeping the cost of their statutory compliance down. You can subscribe to it by paying monthly fees. You can look around, but you can get basic accounting functionality for 9$-12$/month. If you are upgrading from a desktop-based to a web-based accounting software, then you will be able to save money on its license fees. Moreover, they do not have to worry about the software updates or patches. The task is taken care of by the software manufacturer.

Contact us: SBS Consulting Pte Ltd Visit: http://www.oneaccountingsoftware.com/ High Street Center, #17-02, 1 North Bridge Road, 179094 - Singapore Phone: +65-6536 0036 Email: info@oneaccountingsoftware.com

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Choosing Best Online Small Business Accounting Software

When you have a small business, it is given that you need to invest in taking care of its accounting function. It is especially true for the businesses having the high volume of financial transactions. A well-built small business accounting software can help you in organizing and categorizing your business data.

Control Your Business�� Financial Data

Imposing order to your financial data and carefully storing it for instant recall, goes a long way when it is accounting and taxation time. Such an accounting software system liberates you from having to depend on the paper filing and enables you to avoid all the mishaps that one can associate with the traditional filing system.

Desktop-Based or Web-Based Accounting Software

When you are searching for the best accounting software for your business, you need to choose between the desktop-based and the web-based ones. Nowadays, entrepreneurs prefer the online accounting software systems as it gives them on-the-go ability to update their business transactions. These tools even allow them to generate customized invoices and email them to their clients from wherever they are. And, they can do the task using their smartphones, tablets, laptops, & desktops.

Best Accounting System for Your Business Niche

Your business needs play an important role in determining the small business accounting software you should choose. No two business are the same. They have their own special needs which means an accounting system that is a perfect fit for one may not work for the other. The best pointer for you in selecting the software is to go by what works for the niche your business belongs to.

It is true that the software vendors cannot hammer out an accounting software that will work for all. Rather, they write their software to suit a particular niche. It is reflected in accounting systems made for the specific business niches or purposes.

Accounts Payable Software

Accounts Receivable Software

Audit Software

Billing and Invoicing Software

Budgeting Software

Compliance Software

Debt Collection Software

Financial Reporting Software

Fund Accounting Software

Sales Tax Software

Trust Accounting Software

Features of Online Accounting Software

You need to work hard to pinpoint your business needs. If your SME has foreign clients, it means that you need an online accounting software that will allow you to set multiple currencies to your clients’ accounts. The software should also allow you to see your business transactions with these clients in the base currency of your choice.

On the other hand, an SME operating on the local scale may not need the feature. Following is a list of features you should actively look for in the best accounting software.

Accounts Payable

Accounts Receivable

Bank Reconciliation

Billing & Invoicing

Cash Management

Financial reports

Consolidation / Roll-Up

Expense Tracking

Fixed Asset Management

Fund Accounting

General Ledger

Government

Multi-Currency

Multi-User/Role

Payroll

Project Accounting

Purchasing

Revenue Recognition

Spend Management

Tax Management

Monitor Financial Health of Your Business

It proves helpful for a business to be armed with its crucial financial data in the digital form. It gives the owners and managers instant access to it which comes handy in effective decision-making. Also, the online accounting software prepares a number of financial reports for their consumption. It does a lot of good to your business reporting and statutory compliance.

It is important for the decision-makers to have access to the latest data as the data-driven decisions tend to be effective. The financial data is also useful for getting to know about the financial health of the business. Forewarned, you can take appropriate actions to secure the growth and the future of the company. The small business accounting software assists you in the task by providing well-defined modules for budgeting and forecasting. It simplifies the allocation and curtailing of funds to the activities in future.

Contact us:

SBS Consulting Pte Ltd

Visit: http://www.oneaccountingsoftware.com/

High Street Center,

#17-02, 1 North Bridge Road,

179094 - Singapore

Phone: +65-6536 0036

Email: info@oneaccountingsoftware.com

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The best accounting software for small business a great tool in the hands of owners to keep in touch with the latest financial information. It is important from the perspective of taking the right decisions about reducing or completely stopping a spending on low priority activities. On the other hand, your mastery over the data allows you to increase spending on the core-activities of the business.The feature-rich accounting software for SME enables you to automate the inefficient internal accounting processes resulting in efficiency. It saves a considerable amount of time that you may spend in repeating the same entries in different accounts or preparing different types of financial reports using paper and pencil. Harnessing the power of web-based accounting software for startups gives you a paperless office.