Business Accounting
Accounting on click of a button !!
A Business accounting system is a collection of processes, procedures and controls designed to collect, record, classify and summarize financial data for interpretation and management decision-making.
Accounting | Inventory Management | Statuary Compliance (Taxations) | Payroll | GST | Private Storage (Cloud Access)
Benefits of computerized business accounting...
In computerized accounting same data can be represented, viewed & analyzed in many different ways &data formats like tables, charts etc.
With accounting system its easier for different individuals to access data from anywhere on the move, outside of the office, securely.
There cannot be mistakes in calculations, the financial reports prepared through computers are very reliable.
After a certain initial expense, system will take care of complex and tedious reporting and thus reduce the need of highly skilled manpower. The work will be done faster and time will be saved
Computerized accounting is designed to be accurate to the minutest detail. Once the data is entered into the system, calculations part be taken care automatically by system.
As all calculations are handled by the software, it eliminates many of the tedious, monotonous and time-consuming processes associated with manual accounting.
With the growth of company, the accounting becomes more complex, using software everything becomes more simple and straightforward as using software from different locations is easier than shifting files & papers.
Once data is correctly entered into the system, speed with which all accounting reports can be prepared by just click of a button is main advantage of using accounting software. Management will get important reports instantaneously for quick and timely decisions.
Data and information security is one of the important aspect of computerized accounting, as data can be stored on different devices at offsite locations to provide safety from human as well as natural disasters.
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Cloud Accounting Software
24×7 Access to System | Remote Access to Employees | No Infrastructure Required
Cloud accounting software is similar to traditional desktop based accounting software, only the accounting software is hosted on remote servers, it act as SaaS (Software as a Service) business model. Data is sent into “the cloud,” where it is processed and returned to the user.
All application functions are performed off-site, not on the user’s desktop. In cloud computing, users access software applications remotely through the Internet or other network via a cloud application service provider.
Advantages:
- No technical expertise required in setting up and maintaining data server.
- Minimum cost of setting up and maintainance of data server.
- No need to worry about data backup/ security.
