What are the Advantages of Using Accounting Software? | Free Fast ...

Accounting has greatly evolved especially in this new era of modern technology. Gone are the days when people, especially bookkeepers and accountants, would entrust everything to paper and ball pen for record keeping. Today, accounting software packages have changed the way people treat the delicate nature of business accounting records.

Why have these online accounting software packages taken over the old paper method? Why have many people embraced and accepted these innovations? The following lists down all the advantages of using such software.

1. The accounting software has these features:

-Sales ledgers with automated updating of your customer?s accounts,
-Printable invoices,
-Automatic payroll calculation,
-Business databases integrated with the computer accounting software packages,
-Automatic updating of the general ledger,
-Scans of bank receipts,
-Purchase ledger updating of your supplier?s accounts

2. Faxing receipts and emailing to customers have been made possible. Reports can also be easily accessed already since the accounting software packages are online.

3. The interface is streamlined which makes the operation easy to comprehend. Even a non-accountant can do the job with training. Data do not also need to be input several times. With accounting software, data input once will already appear in areas where they are needed.

4. Important documents like payroll, invoices, receipts, purchase orders, and statements can easily be produced. Moreover, the assessment of the company?s financial situation is updated in real time. There is no lag in the information.

5. Access to information is ready and can be done with other users simultaneously.

6. Since the old ledger for records has been eliminated, accuracy is now achieved with accounting software. Furthermore, the work done by a group of people can now be achieved by one employee. With this, the company is able to save some money.

7. Another good thing about such software is that it keeps the company from falling victims of fraud and embezzlement. No employee can be paid more than the salary received because the software saves all transactions.

8. Another advantage of using accounting software is that everything can be accessed with any computer and an internet connection. Whether the business owner or accountant is in the office or elsewhere, the account can still be accessed. Moreover, the software can be downloaded through the internet and a vast array of software is available for any business size or nature.

9. Security is assured with the use of accounting software. The data are stored in a data center and web servers provide the information.

10. The users are not left alone to troubleshoot their software when technical problems arise. There are online technical support agents that cater to problems round the clock.

11. Accounting software also increases staff productivity. Since the work can already be done by one person using the software, other employees can focus on other tasks that need to be done. The only thing needed is for the person or user to undergo training in order that the software may be maximized.

Accounting software packages like Shoebooks have given a whole new meaning to accounting. These have been proven to work efficiently and accurately and are being adopted by many businesses in the world today.

Shoebooks.com.au is a premium provider of software for accounting for SME businesses in Australia. Check out the features of Shoebooks with payroll and invoicing software modules and experience the advantages of our software for bookkeeping. Shoebooks is located at Unit 12, 118 Church Street, Hawthorn Victoria 3122, Australia. Call Shoebooks at +613-9818-1515.

Source: http://isearchquest.com/articles/what-are-the-advantages-of-using-accounting-software/

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