Accounting is a highly complex and multi-layered process that needs to be accomplished with the optimum level of accuracy. If your accounting work has an error, then that will completely sabotage your entire process. Thus, accounting companies need fast, effective and flexible accounting technology that enables them to deliver flawless accounting services.
Precisely, when companies are using outsourced accounting services to flourish their business, then it is more important than your next breath to use perfect accounting applications and tools to smoothly run your business operations. Technology is an integral part of the financial industry today, but when you are an accounting company, then you have to equip yourself with the right applications and tools.
The Must-Have Accounting Tools & Applications
“Outsourcing for accounting firms is impossible without the technology infrastructure, – CapActix.”
If you don’t have the right tools to remotely or locally manage your accounting operations, then you won’t be able to meet your deadlines and offer flawless services to your clients.
There are plenty of different account tools available in the market today and you have to select the right tool on grounds of size, features, and affordability. However, if you can’t decide which accounting application is useful for you, then some of the highly recommended options are –
1. Zoho Books
You can practically trust any member of the Zoho family, but to thrive your accounting needs – you have to try Zoho Books. It is one of the most preferred accounting software by numerous CPAs around the globe as – automate your bank feeds, send payment reminders periodically, makes the simpler system to send or receive invoices, etc., This tool is fully integrated with Stripe that makes it easier to reconcile your online business transactions.
Zoho Books plays the role of the mediator as well when the sales unit and accounting department have a conflict. It is a flexible tool that comes with quick mobile integration and connectivity with other Zoho products and third-party software so you can manage your accounting services from anywhere. Moreover, the user has some other dynamic options to explore like – bulk payment receiving, invoice template, custom domain and so much more.
It is an accounting software as it enables the user to manage their accounting work from anywhere, anytime and on any device. It is a real-time financial assistant for small accounting firms that can instantly manage the work of their clients like wages, revenues, receivables, payables, expenditures, and cash flow. Moreover, business owners can configure the rules and features as per their desire.
Xero is connected with more than 5,000 banks and financial service providers globally that enables you to import data from your client’s PayPal, credit card and other accounts instantly. Yet, another useful feature of Xero that it generates an automatic bank reconciliation statement to reduce your workload. Plus, it is a multilingual, custom invoice creator and multiple currency exchanger as well.
3. QuickBooks Online
If you are preferring outsourcing for your accounting firms business or you are just a small business hub, then you need to get QuickBooks Online to avoid all financial drama. From small business organizations to the highest professional accounting business firms, QuickBooks Online can serve any type of business organization with full competency.
QuickBooks Online presents the perfect dashboard to accounting firms that they can use to record financial data, financial reports to further customize, online payment receipt, payroll processing, and the ability to turn pictures of receipts into catalogued business expenses. Further, it will quickly sync with your clients’ bank and credit card account so you don’t have to manually update entries. On the top, this accounting tool can be easily shared by the entire team to smoothly work.
4. Sage 300 Cloud
Sage 300 Cloud is a suitable accounting tool when you want to outsource your accounting because this tool lets you perform various accounting activities along with offering a collaborative feature. If you are running an advanced accounting firm, then you need to pass Sage Accounting software and try Sage 300 Cloud to give a more complex edge to your accounting process. It will let you perform multiple tasks like manage sales, inventory, invoice create, business data analysis, employee performance evaluation and hold financial records safely on the cloud.
It is a powerful and simple tool for small business organization to smooth out their accounting work. Sighted let you customize your invoices and quotes, track all your expenses, integrate your online payments system, and manage your client and merchant information.
If you are new to the accounting business and don’t want to increase your business overhead cost with the heavy-duty accounting software, then you will be very pleased with the features and affordable rates of Sighted. It offers three pricing plans to the users – monthly, quarterly and yearly that you can subscribe as per your budget.
One of the top-rated accounting software with 5 million users around the globe is – FreshBooks. It is highly used software by small accounting firms and freelance accountants to increase their productivity. This tool is rapidly updated by manufacturers to bring collaboration features and a functional dashboard for the convenience of the users. The classic features of payment tracking and invoice creation of FreshBooks is truly powerful.
You can automate the payment process of every client with this tool as you can link PayPal, Amex, Google Checkouts and credit cards with it. Moreover, features like direct payment gateways, overdue payment reminders, late fees, and payment claims make the payment collection process simpler. It is a very affordable application that can fit into anyone’s budget plus the company offers a 30-day free trial also. On the top new features are continually added to it like some of the recent updates are – bank reconciliation, adding a credit card to a client’s profile, invitation up to 10 accountants and soon more features are coming.
Technology + Accounting – Smooth Journey
If you want to make your accounting journey a smooth ride, then you have to power it with the right accounting technology-based tools and applications. Without the tools, you can’t offer high-quality accounting services to your clients and can’t reduce pressure from the shoulders of your accountants. Technology is a necessity of accounting firms so when you are opening your accounting business, then make sure to purchase perfect accounting tools along with the trained staff to use them.
At CapActix, we have access to the latest accounting tools and the competent staff to operate those tools so drop queries at email – [email protected]. or can call on +201-778-0509 for outsourced accounting services today.