Accounting software is software that helps you to manage your business finances. It is used by accounting professionals and companies in order to keep track of all the financial transactions. Accounting software can be very useful for an individual as well. The user can track the income and expenditure of his or her business with the help of accounting software. While a lot of people are still finding accounting software hard to use, you do not have that problem as long as you know the tips to follow so that it becomes easier for you. Below guide will help enlighten your company or business regarding how they can easily manage their financial affairs using accounting software.
Importance of accounting software in Bangladesh
Accounting software is very important for a company to manage the company’s finance and accounting. Without accounting software, a company can’t make decisions or take any action. It’s very important for the management to have an accurate system of accounting in order to make the decision for their business. Accounting software is a very essential part of the business and without it; it will be difficult for the management to run their business smoothly. The advantages of using accounting software include an increase in productivity and accuracy with every single transaction. The management can track all the sales, expenses, revenue as well as cash flow to ensure that they are getting the best information available for their business. This will also reduce time and effort on accountants’ part which is a very huge advantage especially in small businesses where cost is everything when it comes to running one’s own business. There will be no more mistakes or omissions because you have your bookkeeping done automatically by accounting software.
Types of accounting software?
Accounting software has multiple functions. It helps to keep track of your business and all its transactions. Accounting software can be used for small businesses and for big companies as well. There are two types of accounting software in Bangladesh.
- General accounting software
- Specialized accounting software.
General accounting software: General accounting software provides all the features of bookkeeping, such as sales tracking, inventory management, banking, human resources and purchasing.
Specialized accounting software: Specialized accounting software is a more advanced version of general accounting software that has additional features such as project management, payroll and other business management functions.
Features our accounting management software?
Accounting management software is an important tool to help you in keeping your accounting records accurate and up-to-date. The software provides various features that are essential for the accounting process.
- User-Friendliness: Accounting management software is designed with the user in mind. It should be easy to use and understand. The software should have all the features that a user would need to manage his or her accounting system. The software should be compatible with the current accounting system of the company. Once the accounting system has been selected, database connections and authorization must be established to ensure that users have access to the necessary information.
- Record All Financial Transactions: This feature helps you to record all financial transactions, such as deposits, withdrawals, and sales. It also helps you to maintain a complete record of all your transactions. You can also see the data of your previous accounting transactions and can compare them with the current transactions. You can also see the account balances of your account with previous transactions. The feature can help you to complete the required tasks like attention, accounts and payment. You will require a professional assistance for setting up software which shall be connected with bank statements and cheques as there are some rules that need to be applied so that you don’t have any difficulties while doing your accounting transactions.
- Automatic Updates & Scalability: Accounting management software has been designed to keep pace with the changes in the market. These software’s key features include automatic updates, scalability, and integration with other business applications. Accounting management software has been designed to be highly scalable, allowing it to easily integrate with other business applications.
- Identify and Prevent Errors: This feature is a tool that helps in identifying and preventing errors. This feature can be used by all the users of the organization to maintain proper records and also check for any errors made by them. This will also help in making reports and preparing various documents for the management of the organization.
- Billing and Invoicing & Payment Processing: This feature can be used for various business functions such as billing and invoicing and payment processing.
- Analysis and Report: This feature helps you to analyze your business processes and keep track of your financials. This feature offers a complete overview of the business, including complete financial data and reports. It also helps you to track the expenses incurred and the cash flow, which is essential for every business.
- Accounts Payable: The most important feature of accounting management software is Accounts Payable. Accounts Payable is the process of payment from one department to another. There are many departments in a company, and the role of an Accounts Payable officer is to take care of all the transactions that take place between these departments. An Accounts Payable officer also maintains an account of all the payments made by the company and all the payments received by the company.
- Security: This feature provides safe ways to manage your business. With the help of our accounting management software, you can easily track your financial transactions and maintain your business records. It also provides secure online access to all your business data. Our accounting management software provides a great Security platform for managing your business.
Why Choose Us
We are a reputed accounting software company in Bangladesh. We provide a range of accounting software, which is suitable for your business needs. Our accounting software is easy to use and highly compatible with other accounting software’s. We also provide specialized training to our clients to ensure that they get the best results from our accounting software. We also provide monthly accounting software upgrades for our clients.
Our Accounting Software is the best solution to manage your small, medium and large business, we manufacture and sell premium sized packages that will save you cost involved in outsourcing bookkeeping services or investing into expensive third party software’s. Our accounting package includes all tax guided features which help you take right decisions on corporate taxes so as to avoid capital gains tax bill and long term liability claims, etc.