Why Your Business Needs Accounting Software?

 

1.   Spreadsheets Are Not Enough – When you use spreadsheets to keep track of your finances, then it can be nearly impossible to navigate. Furthermore, spreadsheets are easy to lose, and only one person can keep track of changes at a time. In case of share drive more people can change or input data which can be devastating as permissions and controls are not present.

2.      Improved Accounting Accuracy – With good accounting software, you can reduce human error that usually occurs during calculation and data entry. Inaccurate financial statements can could lead to crises that have an impact on your business life span. With accounting software, you can keep these issues at bay.

 Improved Decision Making – Cloud Accounting Software provides you accurate data that can help you figure out where to cut expenses or where to invest more. Having clear overview of your current financial state, you will be able to develop smarter strategies and allocate resources more easily.

4.      Improved Financial Data Security – Since financial data is company’s most confidential information, cloud accounting software ensures that it remains safe by storing it in a centralized system that is protected by firewalls.

5.      Reduced Frustration with Tax Filing – Filing taxes related to business can be complex process. You need to keep close track of all your business's transactions for tax filing. Accounting software can assist you in preparing and filing a variety of tax forms.

Our Recommendation - Oracle Netsuite

With NetSuite Financial Management Software, you can expedite daily financial transactions, accelerate financial close and ensure compliance. By delivering real-time visibility into financial performance of the business, NetSuite Accounting Software ensures that you can quicklyresolve delays and generate statements and disclosures that comply multiple regulatory financial compliance requirements such as ASC 606, GAAP, SOX and others.