Why do you need an Accounting Software?

why-do-you-need-an-accounting-software

The main beauty of an accounting system is reporting features which they bundled with, a software with poor reporting system will fail in the market, so that a perfect accounting software should have proper accounting maintenance system and reporting facilities.

One of the main importance of accounting software is to maintain the records of all accounting and financial functions systematically and it is also used to summarise, measure, compare and verify financial data based on the old entries. On the other hand, accounting software is being evaluated by its technology, it needs to be cutting edge and user-friendly that can drive your software to run very fast, smooth and more accurate way.

Why you need accounting software?

Every success has a reason behind it. The success of a company is depending on how efficient the company is using technology. On this way, the process of choosing a right accounting software needs to be carried out in an expert way, choosing a Software with poor technology or poor facilities will lead your business to disaster, a right accounting software will reduce your work load, reduce operation’s cost and man power cost, more over a perfect accounting system can do some important works more faster han human and it is also produce more accurate and error free financial reporting system.

When you are in mid level or large company where you can’t handle accounting by manual paper work which will not be more accurate and more efficient for your business any more. when your business is growing to a next level, you need to be equipped with an automatic accounting management system that can do your work more fasted and it will also save time, tons of money for your business

When you are selecting an accounting software for your business, you need to be careful about the following features present in your software or not.

Account Payable Management:

Account payable feature is more important to any accounting software which needs to carry out all functions of accounting receivable management. This software should have the facilities to manage vendors records, check printing, payment calculations, payment scheduling, purchase order maintenance and account payable entries.

Account Receivable Management:

Account receivable is also one of the important features that all accounting system should packed with. Accounting receivable including the client accounts management, invoicing, AR reporting, billing, sales attributions, cost of the goods, recurring invoices, tax calculation, credit payment, receipt, quotations, estimation facilities, email invoicing, return orders and credit management.

Budget Management:

This feature will help the business to create budgets and forecasting report in more accurate way. Accounting software should comprise of the following budgeting features

  1. Scenario
  2. Versioning & Approvals
  3. Sales Forecasting
  4. Actual Variance Reporting
  5. Budget Reporting

Cash Management:

Case management is the most important functions in accounting, the software can management the cash flow more accurately, It should capable of maintain, store and product cash flow and fund flow statements. The software should also have facilities to do cash flow analysis.

Other Features:

Fixed asset management

General Ledger and Financial Reporting management

Inventory Management

Job Costing

Payroll Management Facilities

Purchase Management

Audit Trial

Take Your Decision Now:

The success of a company growth is depending on how you are attached with new technology, choosing a right accounting software for your business will boost your business to a next level. This is the time to decide whether you are continue with the manual paper work or to be equipped with highly advanced accounting system.

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Everything you should know about Sage 300

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Everything you should know about Sage 300 ERP

Everything you need to know about Sage 300

To stay competitive in today’s global economy, you need more than simple financial accountability and compliance. Sage 300 contains the power and tools to help you see your business in a new way so you can improve productivity, envision success, and accelerate growth. It’s time to turn your business dreams into reality with the real-time visibility, collaboration, agility, and innovation you need to succeed. Sage 300 is the best fit for companies with 5 to 250 or more users, in general to advanced accounting needs. It is noted for its strong distribution and industrial capabilities. It is also easily scalable, able to expand rapidly with a fast-growing business.

Sage 300 ERP system uses a concurrent user license approach versus named licenses, which earn that user licenses are purchased based on the number of users who require access at one time. This can take a big difference in keeping the solution cost-effective in a distribution environment, where multiple users might be using a single workstation, as you’re essentially paying per station, rather than per user.

Sage 300 supports business processes related to financials, inventory, projects, payments, customer management, and more. It can support multicurrency and multiple languages needs of companies with an international presence, as well as the operation of multiple companies, business units, and subsidiaries.

Functionality that is specific to distribution includes quick look-up of inventory statistics and inquiries, a fully integrated sales order/shipment/invoice process available from the customer screen, and the ability to generate a purchase order from a sales order or when inventory levels are low. Seasonal and location-based automatic reordering is also available.

The inventory module can support as many as eight costs per location, including standard, average, LIFO, FIFO, most recent, serial, and lot costing methods. Users can drill down into inventory information easily from any screen, including the ability to view quantities on purchase orders and sales orders. GL batches can be created automatically or as part of day-end processing, allowing you to control how and when large-batch processing takes place.

Users can manage and enter reorder quantities by date, as well as enter active, standing, future, and blanket purchase orders, generate multilevel Bills of materials, r manage vendor and customer details for each inventory item. Multiple price lists are supported, including by customer type, payment method, region, or currency.

Customize and Personalize

Build your system to fit the demands of your business. Not the other way around.
Be the boss of your ERP system with customized, personalized software designed to meet your unique business requirements. Sage 300 was built to deliver customized ERP design and capabilities without the cost or headaches of traditional customization. From on-site or cloud computing through Sage 300 Online to business-specific details to ongoing expansion, count on Sage 300 to integrate with your operating systems and databases and easily accommodate upgrades, product enhancements, and new releases—and avoid incurring additional costs.

Effortlessly customize your user interface with optional fields
Sage 300 is easy to set up and use, with intuitive wizards and a familiar interface that makes configuration and navigation a breeze. Fulfill unique tracking and reporting requirements with the ability to add optional fields and capabilities. Define unlimited text, amount, date, time, integer, number and yes/no optional fields for use in all Sage 300 applications.

Expand easily in the future
In addition to Multilanguage, multicurrency, and multi-company capabilities, Sage 300 provides extended flexibility as your company grows. Multitier, scalable architecture allows 250+ concurrent users, as well as extensive customization capabilities, an integrated development environment, and multi-OS/databases. Add functionality when you need to by adding modules or new user licenses– even moving to a larger edition smoothly when you’re ready.

Personalize to suit individual user needs
Numerous configuration options and built-in personalization capabilities allow individual users to streamline navigation, reporting, and information access, improve productivity and reduce data entry errors.

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