Bookkeeping is incredibly important for clarity, and clarity means you know where you business stands. Instead of using the old-fashioned way, why not try some modern programs? These tools are used by thousands of businesses which rely on the simplicity of use and their versatility.
We recently changed our small business bookkeeping and accounting software from a desktop based QuickBooks to cloud based Xero.
My number one tip for fellow small business owners to consider when searching for their bookkeeping and accounting software solution is to make sure that the software will integrate and talk to your checking account and credit card account.
This will make sure your books are constantly in sync and also will save you hours of mind numbing data entry every month which is the cause of most small business owners dread for bookkeeping tasks.
Having your data feeds all in sync with your accounting software can directly translate to a better run and tighter business operation.
Best we found is online software Wave for our bookkeeping and invoicing. It’s fantastic for small businesses or startups. We find it very simple and user-friendly. Above all, it has no monthly fee, so it’s free to use.
With NetSuite, we can manage our inventory and improve manufacturing efficiencies. The user interface is top notch and simple at the same time. We can even perform complex tasks like revenue recognition management and automate tasks. Some of its extraordinary features include Centralized Vendor Management, Gross Requirements Inquiry, and Integrated Financial Reporting.
Megaventory gives you a comprehensive solution to record and improve your company workflow. It’s a straightforward way to optimize your procedures and increase your profits.
Megaventory is a business software solution that helps you among other things to record bookkeeping entries of your company by building an automated bridge between your accounting system and the invoices you issue when you make your sales.
It allows you to make a record of the products or services that you sell or buy, list your inventory and track your transactions – and transfer everything automatically to your bookkeeping solution. That way you can avoid doing double data entry and any related mistakes.
Designed for day to day needs such as bills, invoices, expenses, payroll, and cash flow, the solution is user-friendly. With Quickbooks, small business owners have access to their app marketplace which directly integrates with other technology providers such as Receipt Bank, Expensify, etc.
Known for their easy-to-use interface, Freshbooks has excellent customer service and support. It’s a cloud-based software that automates invoicing, organizing expenses and tracking time on projects.