Top 5 Accounting Software Suitable for Remote Work
Accounting software is a crucial business application you need to get when you kickstart your business. It is useful for simplifying your company’s finances, as it allows you to easily track the way money comes in and goes out of your business.
Having accounting software that you can rely on is especially important in today’s situation, as the pandemic has forced thousands of businesses to switch to remote work and millions of people to stay locked inside their houses.
However, with several accounting software programs on the market, it may be challenging to decide which one will be the best choice. That’s exactly why we are here – we came up with a list of five accounting software that we think will be the most suitable for remote work.
The account receivable platform offered by Versapay helps business establishments and companies ensure that their employees are paid faster, as well as improve the customer experience. It enables a self-service system that allows your customers to make payments and access invoices – they can easily find how much they own your business, as well as choose the method of payment, which is extremely convenient.
What’s more, it makes collaboration with your team easier and increases the unification and mechanization of your account receivable (AR) process that provides customers with a great AR experience.
The manual effort your finance team has to put into collecting is reduced by 70%, as the software sends notifications to your customers, reminding them about the payment.
QuickBooks Desktop is an easy-to-use application that is perfect for both small-scale and medium companies. Ever since it was launched, it has been widely recognized for its functionality in making accounting tasks easier and quicker.
QuickBooks Desktop comprises some impressive features such as expense management, sales management, and reporting. Not only that, but business owners also have the option to select from the online, hosted, or QuickBooks desktop versions based on their specific needs.
QuickBooks Desktop offers four versions (Pro, Premier, Enterprise, Accountant), all of which have different payment plans available. All of them allow users to access a personal or office computer via downloading QuickBooks software. While Pro, Premier, and Enterprise offer a great selection of functionality and characteristics, the Accountant version is the best choice for professionals in the accounting field interested in connecting and managing their clients who use the QuickBooks Desktop applications.
One great thing about Xero is that it incorporates both flexibility and simplicity. It is the best fit for sole proprietors and small and mid-size businesses that desire robust functionality and support for unlimited users, unlike other accounting software applications with user limitations.
Xero is accounting software designed specifically for small business owners who don’t have much time to learn to account. Not only does it function in a variety of niche markets such as IT, retail, e-commerce, legal, and startups, but it is also an appropriate receivable platform for online sellers who transact globally.
Xero is made up of various kinds of accounting features such as accountant access, invoice, access, expenses tracking time, project management, journal entries, bank reconciliation, fixed asset management, CPA firms, and payroll management.
Sage 50cloud Accounting is one of the best accounting software that you can use to manage your data and keep track of the money flow. It is cloud-based, and it can be used by both small and large businesses. However, Sage 50cloud is not the best fit for sole proprietors or micro-businesses. Sage 50cloud Accounting comes in three plans:
- Pro: consists of a single-user system with limited features
- Premium: allows up to five users
- Quantum: allows up to 40 users with a wide range of features; this is the best fit for large size business.
Sage 50cloud consists of features such as customizable dashboard, expense tracking, project management, accountant access, bank reconciliation, expense tracking, cash flow manager, job costing, year-end wizard, budgets, journal entries, and advanced inventory management.
Kashoo is one of the best cloud-based accounting software for small businesses. Its beauty lies in the uniqueness of its features. The design of this application makes it really easy to handle even for someone with no experience in such things.
The basic design of Kashoo is intuitive. It functions to generate automated reports that immediately perform several functions ranging from running your business and making invoices to receiving payments and tracking expenses.
Kashoo’s accounting features include accounts receivable, payroll management, expense tracking, bank reconciliation, CPA firms, tax management, billing and invoicing, and project accounting.
Choosing the right accounting software is not an easy job, as there are hundreds of them available on the market. Besides, what for one business owner is the best choice, might not be it for another – that’s because their businesses might have different needs.
Even though it might be tough, it is a decision that needs to be made. Especially now, when the pandemic completely changed the business world, having reliable software is crucial.
Before you make up your mind regarding which accounting software you will choose, be sure to assess every aspect of it, including the features it offers correctly, so that, in the end, you can make sure that the choice you made was the right one.