some of the features accounting software
should offer to help you save time and better manage your finances:
Basic accounting tasks
Most small businesses
can make do with accounting
software that offers basic functions like invoicing (both by
email and snail mail), income and expense tracking, financial report
generation, and client and vendor management.
Automation
Things like automatic
billing, recurring payments, past-due notifications and other automated
processes save you time because you will not have to manually do them yourself.
Quote and estimate
creation
Use customized, premade
templates to create quotes and estimates for clients; then automatically
convert them into invoices.
Tax preparation
Make both your life and
your accountant's life easier with accounting software that can help you with
your taxes. Features include automatic tax calculations, multiple tax rates and
tax reporting, and the ability to instantly email all necessary data and files
to your accountant at the click of a button.
Multiuser access
Most accounting software
products give access to multiple users (e.g., you and your accountant), so you
don't have to do everything on your own.
Payroll processing
Enter time sheets,
calculate pay, print checks and pay your employees — without all the legwork.
Mobile access
Use your accounting software
anytime, anywhere on your mobile phone or tablet. This is particularly useful
for business owners who are always on the go and are too busy to sit down and
manage the books at a computer.
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