As the owner or employee of a business, one of your primary responsibilities and concerns is the management of accounts. You recognize the necessity of effectively and accurately recording, processing, and executing all account transactions within your company. This may include accounts payable, accounts receivable, payroll, billing, general ledger, and other critical tasks and recordings. Therefore, choosing the right accounting software with the help of the best Brighton & Hove accountancy practice to successfully meet your company’s needs is of utmost importance.
Fortunately, there are many software packages to choose from that will serve you and your business with ample functions that satisfy both your preferences and demands. Each accounting software package is unique in certain ways that we will discuss below. It’s important to note that there is a cost to accounting. The software you choose will not be free, but can be considered a worthwhile investment into the management of your company’s finances. Additionally, efficiently utilizing a software package can save your company the expense of contracting an accounting firm for basic accounting tasks that can be done in-house. Accountants in Brighton and beyond the UK utilize software like these to maintain accurate accounts as cost-effectively as possible.
Kashoo is the first accounting software package being compared. One of the main selling features of this online software is its ability to convert and manage multiple currencies within a single program. This feature is extremely relevant for global businesses or businesses with global clientele, employees, or divisions. Secondly, because the software is an online-based accounting solution, users are able to access the software and information from almost any mobile device. Along with many other features, Kashoo is a smart business choice because it is an easy-to-use software that will save your company both time and money. Kashoo offers a full range of functions, bank-level security, and collaborative abilities through the comprehensive accounting software package.
The second viable option in accounting software is Xero. With a unique and intuitive interface design, this package contains the full spectrum of accounting functions necessary to run small businesses, as well as add-ons related to customer relationship management. Xero combines the effortless ability to collaborate with colleagues and share the most up-to-date accounting information with the compatibility of running on Windows and Mac OS, as well as mobile devices. For additional convenience, the software has the option to sync all business financial accounts to the program to inform users of bank feeds, recent transactions, and statements.
WorkingPoint is an inventive, all-in-one software package that delivers a comprehensive solution for small business owners. Not only is the interface easy to use, which will save time and money, but also, the price of the software is one of the most affordable in its class. Business owners and account managers can easily connect to company bank accounts to import data and create a seamless accounting platform for productivity and accuracy. Rather than switching between multiple windows and programs, WorkingPoint allows users to complete all necessary accounting functions – including bookkeeping, invoicing, taxes, expenses, and more – all in one place, while tracking the time spent on each task. The time tracking feature is especially useful for business owners to review and evaluate their employees’ work, as well as the total cost of their accounting processes.
Quickbooks by Intuit is one of the most recognizable brands in accounting software. While reducing a business’ overall cost of accounting, the software package is built to take the stress out of accounting with its five main function categories: vendors, customers, employees, company, and banking. Because Quickbooks is such a comprehensive program, there is quite a lot to understand for a business to use the software to its full capacity. Thankfully, Quickbooks provides users with a helpful Getting Started Guide to assist in the setup process and get businesses on the right track. With bank-level security and seamless, professional billing and invoices, Quickbooks is a go-to accounting software for a wide range of industries and businesses, because of its diverse functions and flexible options.
Lastly, FreshBooks is an innovative accounting software package utilizing cloud-based technology to offer your business to utmost seamless and secure accounting experience. The use of cloud-based technology allows businesses to access vital accounting information, updates, and transactions from virtually anywhere at anytime. While the technology is still new to the accounting world, FreshBooks guarantees your information to be safe and accurate with frequent updates and backups to insure data is synched at all times. With “simple and friendly” functions, a small service-based business owner can take the reigns on the accounting tasks without the pain of learning complicated software. If that isn’t enough, FreshBooks offers world-class customer support so first-time accountants can receive lighting-fast help at any time of the day.