Find the Best Accounting Software for Your Business - business.com - Deepstash
7 days with Seth Godin

Learn more about computerscience with this collection

How to develop a growth mindset

How to think creatively and outside the box

How to embrace change

7 days with Seth Godin

Discover 31 similar ideas in

It takes just

14 mins to read

The need for accounting software

Accounting software is a program that helps to manage a company's financial transactions. The accounting software you use can help track critical financial data in your business, keep track of your taxes, and pay your employees on time.

Freelancers and small businesses can use a generic solution, while enterprise organisations need a more complex system.

7

42 reads

How accounting software help you business

The right accounting software can simplify business processes by doing the following:

  • Automate business finances and remove human error.
  • Access your data anywhere with cloud-based software.
  • Prevent data loss. Cloud-based accounting software backs up your data.
  • Integrate with third parties like expense tracking and CRM solutions.
  • It makes filing your taxes easier.

8

30 reads

Top accounting software

  • QuickBooks is best for small businesses.
  • FreshBooks is good for invoicing.
  • Zoho Books is a good pick for microbusinesses.
  • Oracle NetSuite is suitable for ERP tools.
  • Xero is good for growing businesses.

All these options offer third-party integrations.

14

206 reads

Accounting software features

Any accounting software should include basic features such as a general ledger, account reconciliation, accounts payable and accounts receivable. Other features are:

  • Invoicing.
  • Payment processing. Your accounting software should give easy ways for customers to pay online, like scanning a QR code or clicking a button.
  • Payroll management.
  • Enterprise resource planning (ERP) helps collect and organise information.
  • Inventory management.

7

26 reads

Choosing the right accounting software

Keep the following in mind when choosing accounting software:

  • Ensure your accounting software integrates with your bank. It will automatically download new transactions.
  • Your business needs, for example, business size, the specific industry, etc.
  • Your budget. Many cloud-based solutions can accommodate nearly every budget.
  • Ease of use.
  • Scalability.

7

23 reads

Pros and cons of accounting software

Pros

  • Accuracy.
  • Automation. By using artificial intelligence, the software can record and reconcile transactions and generate financial reports.
  • Relatively low cost
  • Streamlined invoicing. Software like FreshBooks helps to create invoices within minutes and set up automatic payment reminders.
  • Collaboration. Many accounting programs let you grant outside access to your accountant.

Cons

  • Technical problems.
  • Potential for fraud.

7

58 reads

CURATED BY

lila_ls

Communicator. Beer geek. Gamer. Analyst. Travel specialist. Freelance explorer.

Ready for the next level?

Read Like a Pro

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

FAQ

Claim Your Limited Offer

Get Deepstash Pro

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates