WHAT IS A DIGITAL ACCOUNTING SOFTWARE?

Back in the day financial records like inventory, expenses, transactions, etc were drawn in a book and it made for a very tedious task. But thanks to technology, bookkeeping has a new face. A digital accounting software is your one stop shop to store all your financial data. It can also help analyse the financial health of your business thereby making it easier to identify problems and bettering output.

 

Save yourself the manual work and have it with you on the go. Having your finances electrically stored is more efficient since it is easier to go back and filter out information, by date, amount or name. No more flipping pages now!

 

Be it trial balance, P&L Statement or GST Reports, you can completely rely on an accounting software. You do not require an expert account to make these as the user interface has been designed in such a way that it is easily understood by all. Visual representations are a common feature of such softwares that can help interpret business growth at a glance.  

 

Get rid of human errors by having data fed directly to your company’s payable accounts. E-invoicing helps hassle free and quicker processing of payments. Having this facility within your accounting software will save time and furthermore, this process can be automated so you can save on repeating tasks. Templates can be customised as per your choice and bills can be generated in bulk.

 

B2C invoices can be created with automatic QR codes for bills of supply, GST Invoices and export invoices. 

 

Send across payment bills and links to customers in a click. Bills can be shared in a pdf format via this software. Payments done digitally are quicker and improves relationships with suppliers.

 

Say bye-bye to cheque bounces and standing in long queues to get payments cleared. Payments can be made and received at a click and money gets transferred directly from bank accounts. 

 

Need not worry about losing data ever. All data is cloud backed and secured safely. This means that all your data is now covered by high end-encryption and it will not occupy your hard drive.

 

Easier access to all your inventories, at any time. You can track all your deliverables effectively with vital information like product images, costs and stock in hand.

 

Go green by turning electric. Lets face it, bookkeeping the traditional way requires a lot of paper and a lot of paper requires a lot of trees. By going paper free you are adding to sustainability and doing a good cause to the environment. 

 

Digital accounting is becoming a much sought after means of keeping financial track of one’s business. With more and more advancements in technology it will only become smoother and less burdensome. It gives you the space to focus wholly on your business rather than business recording.