Importance of a Bookkeeping Software
Bookkeeping involves daily recording all the financial details of a business. Bookkeeping is a time-consuming task which requires a lot of hard work and consistent efforts. Even if the employees hired for these posts do their tasks in a professional way, human errors cannot be ruled out. Even a small error in the books of a company can affect its functioning to a great extent. This is because the books of accounts are used to take financial decisions and expansion plans and they reflect the financial strength of a company. Bookkeeping software can perform these tasks in lesser time as compared to manual bookkeeping, and in a more accurate manner. But which are the bookkeeping software which you should use for proper accounting? Let's discuss this in the next section.
Reviews of Bookkeeping Software
Different bookkeeping software have different functions and hence as buyers, you should buy the one which suits all of our needs.
- The QuickBooks bookkeeping software which comes with sections such as help section, customer section and vendor section is widely used these days. This software is mainly used for payroll purposes, bookkeeping activities such as accounts receivable and payable, preparing general ledger and inventory. With an easy to use graphic menu and latest features such as cash flow center, financial overview and investment centers, QuickBooks will certainly satisfy most of your needs.
- Some advanced accounting techniques, e-commerce facilities and ERP are available in the NetSuite software. It provides online accounting facilities and is considered to be one of the most efficient ones in the industry. This software is increasingly being used by large corporates also. Affordability can be the only problem associated with this software as it has been priced at USD 1188 which may be costly for small businessmen.
- The Sage Peachtree Complete Accounting Software is also quote popular. The best part of this one is the provision of an audit trail log while the only disadvantage is that you may find the first set up procedure a bit difficult. It is available at an affordable price of USD 110.
- DacEasy Accounting Software has been made available in modules which is an advantage for its users. The cost of this software can be around USD 300.