The Perfect Way to Select Right Accounting Software for your Business – Why QuickBooks is one of the best Accounting software for SMEs?
Every business has different requirements so they need accounting software which can fulfill all their business requirements and replicate their business processes in accounting packages. For instance, at CapActix, we offer services using different accounting software like Quickbooks, Xero, Sage, and Zoho to our clients.
In the old days, accounting software was only used for maintaining books and mare financial accounting purposes. Today, businesses expect much more from accounting packages such as integration with other systems (e.g. Biometric System), having a common package for cost accounting and financial accounting (integrated accounting package), budgeting, implementing internal control processes, forecasting, visualization of reports for presentation, etc. QuickBooks Accounting software has made the workflow of businesses faster and the chance of human errors have been reduced with them. Businesses can access vital information with just a few keystrokes using QuickBooks Accounting Software.
Nevertheless, if you want to select the best accounting software for your business, then you have to consider the following points –
Consider your Business Requirements – Before searching for the right accounting software in the market, you have to understand your business operations. Accounting software should best replicate your business processes in accounting documentation and flow. As per your business scale and operations, you can select the right software. Such as if your business makes a couple of million dollars, and then you will have very different accounting needs than the business which is making less than $5000. Additionally, for accounting firms scenario will be completely different as they need to select software according to the business size of their clients.
Cloud Computing – Quick accessibility of data can help in quick decision making. Therefore, accounting companies prefer to maintain accounting records as well as accounting software on the secured cloud. That’s why they need to select accounting software with cloud computing technology. The cloud applications enable CPA firms and their clients to access their client’s data from any location and device with the help of the internet connection.
Also read How to Select the Best Cloud Inventory Management Software for your Accounting Firm?
Budget – Business accounting software is available under different price range with different features. Today, you can easily get from free accounting software to a couple of thousand dollars accounting software. You need to select software as per your business need so that you pay only for what you wish to use. If your clients are small traders, service providers then less expensive software is sufficient for you. But, if your clients are having multiple processes and complex business structure then getting costlier or customized accounting software will be very convenient for you. QuickBooks offers various range of accounting software with a different price range for businesses at a different stage of growth lifecycle. You can contact expert software consultants like CapActix before investing in software so that you only pay for what you use.
Add on Features – You should take into consideration add on features to bring extra functionality to your business. You can add different extra features to your accounting software like – accept payments online, software integration with your eCommerce software, remote access, integration with Barcoding or alike billing system, and much more as per your business requirements.
Consult your Accountant – Any business whether big or small is required to consult with their accountants and other staff before finalizing accounting software. Your accountant can guide you through getting the right accounting software for your business as they have to eventually use the software and if they aren’t comfortable with it, then they can’t deliver the right outcomes.
The Ideal Accounting Software for Small Businesses – QuickBooks Bookkeeping Services
If you have a small or medium business, then one of the best options is Quickbooks accounting and bookkeeping services. QuickBooks has been ideal for small scale and medium-sized businesses. Quickbooks for small business is very beneficial as –
- You can save lots of your business time by automatically handling bookkeeping work and reducing the paperwork burden. The business accounting process can be simplified using Quickbooks.
- There are many third-party applications available that can be integrated with QuickBooks to smoothen and automate your business process. It also helps in establishing the Internal control system.
- With the Quickbooks, you can easily share your data with 100 business applications which will save up lots of typing time and errors. You can even share data with popular programs, such as Microsoft Excel, Word, Outlook, and ACT.
- The online payments with Quickbooks can be cleared instantly. You can simply create email invoices or statements and forward it to your clients to get quick fund transfers.
- Quickbooks enables you to accept credit cards. With QuickBooks merchant account service you can integrate your credit cards with software as well.
- You can swiftly pay your bills by setting up your current bank account in QuickBooks. You can write checks in Quickbooks as you normally do and just click one button and your bank will automatically pay your bills.
- You can quickly generate business reports and always know the present position of your business. It will be easy to understand whether you are making adequate money or not.
- Different versions of Quickbooks can handle the accounting for $50K to $25 million worth of business easily. You don’t need to acquire multiple accounting software after getting QuickBooks.
- You can grow and expand your business with QuickBooks as it will help you in designing a business model to set up high credit scores. QuickBooks will create a projected balance sheet, profit, and loss statement and statement of cash flow in the format recommended for the administration of Small Business in the USA.
- It designed to be flexible and adaptable by multiple business models. Moreover, Quickbooks developers are constantly working to increase the operational area of software. Recently, they have added customized features for retailers, health care professionals, and NPOs.
- It is one of the highly reputable and used accounting software by hundreds of small and medium businesses throughout the world. By selecting this software, you will get the stability, reliability, and trust of numerous users.
So, it pretty clear that Quickbooks accounting services are very beneficial for small businesses and accounting firms who want to expand their business. However, if you don’t want to invest in Quickbooks, then you can easily outsource your accounting to Accounting firms who are experts in QuickBooks accounting services. CapActix is a leading Quickbooks outsourcing services provider in the USA. From Quickbooks setup services to tracking project-wise profitability; everything can be outsourced to CapActix.
Our Quickbooks bookkeeping services list comprises many benefits at affordable rates which can contribute to the growth story of your business. If you want to inquire more about our Quickbooks accounting services, then we are just one step away from you. You can drop an email at [email protected] or can call on +1 (201) 778-0509.