Category Archives: Small Accounting Software

A number of questions are asked by clients either before purchasing or after downloading the accounting software. Many of these questions and the answers are the same the most typical of which are produced here. Why is the monthly profit and loss account not updating from the sales and purchases entered. Updating the profit and loss account in the financial accounts file is automated. If the......

Accounting Software for Small and Midsized BusinessesManagement of accounts is an important requirement for all businesses for various reasons like cost calculation, figuring out taxes and expenses, measuring profitability, proper cash flow and most important of all well-informed decision making for better profits in business. Accounting tasks were earlier handled manually and therefore......

Scalability and customization of the small business accounting software package should be studied before purchase. The software package needs to easy to learn and use. Paper-based calculations and ledgers are now a thing of past. IT has made a paradigm shift in the field of accounting and double entry book keeping. A wide array of accounting software packages is now available of market to ma......

Running a business and ignoring or having inadequate accounting software is like building a house on top of a bonfire and not bothering to fit a fire alarm. Many small businesses run into difficulties sooner or later, it is a fact of business life. Timing and how those crises are dealt with are critical to both the success and in some cases survival of the business. All medium and large comp......

All medium and large companies hold regular meetings at which the financial accounts are presented and discussed. While all businesses have problems from time to time rarely do medium and larger businesses actually go out of business and if they do it is invariably because financial mistakes have been made. Small business should take note of this fact and especially self employed business th......

Every business functions through a range of disciplines, sales and marketing, operational skills, purchasing and management. Small business accounting software is an essential tool to bring financial control to the business. No matter how skilled and well trained the business every small business needs a full range of functions to reach the highest levels of success. Liquidity is a first les......

IT revolution has enabled business organizations to be more efficient in their performance in multiple ways. Well, business accounting software is one such by-product of IT revolution that has made it easier for business entities to maintain their balance sheets and other accounting aggregates. The IT industry has come up with different software solutions for different business entities. Fo......

Simply put, accounting is the lifeline of a business. Accounting deals with summarizing, analyzing and reporting the financial data and information about a business. An accounting software records and processes the accounting transactions of a business within its functional modules. Financial statements consisting of the balance sheet, profit and loss account, and statement of changes in fin......