Why Should Small Businesses be Using Accounting Software?

It is coming to the end of the financial year and if you’re about to hand your accountant a shoebox full of receipts and expenses, can you really be certain that any haven’t fallen through the cracks?

All serious business owners should be moving away from the shoebox and spreadsheets and keeping their books on computerised accounting software for a holistic and secure management of data. If you haven’t already taken advantage of the benefits, here are six reasons that will quickly make you change your mind:

Save time with organised files and Ezifeed

All your financial information is stored so you do not have to waste time trying to find a receipt or lost invoice. Data entry is more efficient. When reconciling your bank transactions, features such as ‘memorise and process’ will save you time and money. You can automatically receive your bank data using Ezifeed to cut down time and errors which occur with manual entry. Your accounting hours will be reduced and you can concentrate on focusing on your core business functions or spending time with the family.

Reduce errors with bank reconciliation and transparency

Maintain accurate financial records when you reconcile your bank account on computerised software. Generate helpful, high level reports like profit and loss without manually entering and generating by hand — or forgetting to include them.