Best Accounting Software for Startups? Start Here.

When someone is starting up a business its difficult to learn which accounting tools will be needed. Its not an easy task to find unbiased advice on what will be a good choice for your business.

What are the Pros of Using Accounting Software

The first question you’re asking might be, “Why should i go for an accounting software?”  Here are some of the benefits:

PROS

  1. With the help of a good accounting software, the chance of human error is reduced. Most of the top accounting software are built to maintain and record the transactions in an accurate way.
  2. With the deployment of  business accounting software, you’ll be able to save time – time is money
  3. You can customize and send invoices to your customers in a quicker way with your accounting software. You will be able to track your receivables and this will help you get paid faster!
  4. Accounting software will automatically calculate your financials.
  5. Accounting software keeps good track of your expense and helps you analyse where your money is going.

CONS

  1. Nowadays, most of the top accounting software are web based, which means that you will need a an internet connection, without internet connection you will not be able to access your data.
  2. Even after installing a good accounting software you may still need a proper accountant or data entry operator to maintain your bookkeeping.

Is using web based accounting software secure?

In most of the cases using web based accounting software is very much secure thing available to an average SME business. The web based software is managed on multiple cloud servers stationed on multiple geographical locations, so you’ll never need to take care about IT issues slowing your system down again. If one server goes off, your data will automatically be switched over to another one so you will always be able to get online your financial data.

Cloud accounting software provides ultimate security for your organisation’s financial information. An organisation’s computer or server with critical financial data could be lost, gets virus affected, stolen or hacked, which could lead to an information breach. Cloud based accounting however, leaves no trace of data on an organisation’s computers and access to that particular data on the cloud is SSL encrypted and password protected. They use the same hardware and super secure bank level encryption used for secure payments and online banking. On top of that they use uncompromising antivirus and enterprise grade firewalls so you can sleep in the knowledge that you’re completely protected.

Sharing data is one of the biggest risks to business data security. Conventional methods often require USB drives to transport financial data, which could be lost or stolen. With cloud accounting technology, this risk is eliminated. Multiple people simply need user access rights to the same software with their unique passwords.

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