Best Online Accounting Software for SME that Money Could Buyby Creative Ideas Business Consulting
An accounting software for SME is a great tool in the owners’ hands to ensure statutory compliance of their small businesses. It allows them to know about their cash flow & in turn, financial health.
If your company has foreign customers, then you will be better off by upgrading to an online accounting software for SMEs. Such accounting software is built to handle business transactions in multiple currencies.
Accounting Software for Small Business
Having foreign clients means using the best accounting software for small business to set multiple currencies to your clients’ accounts and taking care of financial transactions with them. It also means being able to set the base currency so as to view the value & make sense out of those transactions. The software also allows you to manage foreign currency exchange rate as per your business needs. You can set the rate daily, monthly or yearly.
Managers Prefer Online Accounting Software for SME
software for SME
are the best alternatives to absolute desktop-based systems. The new
breed of accounting software is quite handy in that they allow the
business owners to view and update their financial data from wherever
they are. It gives them a great edge while doing the snap &
You can access the web-based accounting software for small business using your smartphones, tablets, desktops, or laptops. All you need is a reliable internet connection. Today’s manager and business owner prefer these type of software systems as they allow them to make business decisions that are based on live data.
Accounting Software for Ensuring Compliance
It is a necessity for every business to update and keep track of its financial transactions. It allows them to be compliant with the law and keep a tab on its financial health. The best accounting software for small business also provides them with a number of financial reports which you can export in PDF, Excel, or Word format. Go through the features of accounting software to the select the best among them.
- GST Reports
- Trial Balance
- Standard Balance Sheet with customization
- As-of-date & multi-period Profit & Loss statement
- Comparison with Actual Balance Sheet
- Budgeted Balance Sheet
- Realized & Un-Realized Gain/Loss Report
- Reconciliation Report
- Sales Reports
- Purchase Reports
- Bank Register
- Account List
- Aging Summary Report for Receivables & Payables
- General Ledger Report
Access Financial Data from Anywhere at Any time
Being able to access the accounting software from anywhere and at any time, enables you to email the invoices to your clients without delay. It naturally helps you in getting paid promptly. The benefit is reflected in the healthy cash flow.
Moreover, you can also print the customized invoices and store them as the proof of the financial transactions done via your business account. Using the software, you can generate recurring invoices, track your outstanding, send email & SMS reminders, and send electronic payment receipts.
Create Multiple Companies
Some business owners are always on the lookout for the new opportunities and whenever possible try to benefit from the situation. They end up with multiple companies at their hand. The online accounting software for small business allows them to create multiple companies in the database and manage them in a place. Using such software allowing to simplify their task is highly convenient for them.
Moreover, web-based accounting software for SME is highly affordable for the small businesses. They do not have to pay licenses fees like it was in the old days, but, monthly subscription fees. These are in the range of 9$/month- 12$/month.
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Created on Jan 2nd 2018 00:32. Viewed 274 times.