The primary step to choose the best accounting software you first need to figure out the exact need of your business. For startup the spreadsheets and hand written ledger can solve the problem. But not every small business can rely on them. There are certain tasks that need some features other than basic arithmetic calculations. 

Accounting software’s offers a wide range of technical functions to help you effectively manage your finances. Time saving and ease of use are the two top features that are beneficial for the business owners. They want a tailoring solution to address the unique need of clients and plan for a better future.

Here are some basic features that accounting software should offer for small businesses to manage finances better and save time for other productive work.

• Basic Accounting

The basic task that accounting software can do is primary functions like invoicing (through email or snail mail), income calculation, expense tracking, financial reports generation and vendor management.

• Automation in Accounting Software

The manual processing of billing and payment is a hectic task and is vulnerable to human mistakes. Automation of billing, recurring payments, dues notification and other task relate to billing save a lot of time.

• Customized Invoices Template

To generate customized quotes and estimate for clients for invoices accounting software can provide you an ease with premade templates. You can also create your own template for invoice through it.

• Automatic Tax Calculation

Another very fabulous feature that can help your business to be at ease is the automatic tax calculation. It can track deductible mileage and tax depreciation with multiple tax rates. It instantly email all necessary current tax related data and information to your accountant in a single click.

• Multiple Users Access

It gives you different entry points to input data for more than on users. So if your accounting department has more employees for different tasks they can use this multiple user’s features to enter data on a single platform.

• Automatic Payroll Processing

Accounting software should also include this feature to calculate pay, enter time sheets, print checks and payroll data of employees automatically.

• Mobile Access

To have an ease to use your software anywhere anytime on the mobile phone the accounting software should have the flexibility to run on other devices. For business which requires travel and the owner is too busy to sit down and manage the accounts mobile access is very useful.

• Integration Flexibility

This software should have flexibility to integrate them with other business tools and applications. This integration helps to input real time data from your business management software for accounting purpose. Such tools include POS systems, inventory systems, CRM and ERP systems.

ERP Gold also comes with integration of accounting software. Take a look to ease your business problems through a single platform.