Remember the good old days when all the business accounts were maintained in big, fat books of accounts – those red hard bounded books which were filled in with red and blue ink! Remember those days when an entire room was filled in with similar kinds of books with a new book for each month, a quarterly and half yearly accounts book and the annual finance maintained book? And then books for decades of your business. Wow! Such an arduous task it was to maintain so many books back then in order to maintain accuracy at all times and prevent frauds. Imagine if there went through a small mistake, what would happen? Bear the brunt of writing the accounts all over again? Though there are some businesses which still go by this age old method of book – keeping, there are many who have and are on the verge of adapting modern tools and techniques like the new online web based accounting software KASHFLOW.
Features of the Revolutionary Internet based Accounting software
One such revolutionary software is Kashflow, which is one of the best known web based accounting software on a global platform. Launched in the year 2005 in London (U.K.), it is touted to be the best accounting software till date.
The online web based accounting software is fast in processing the varied tasks of accounting like customize and edit invoices, email, automatic invoicing, and automatic reminders and so on. It helps you to keep a track of refunds, credit notes, bad debts, tax breakdown, packing slips, delivery notes, bulk payments, tax calculations and also maintaining the accounting details like these. It also helps in making extensive reports, preparing – updating – maintain of payrolls, e – mail and e – commerce. It helps in keeping a track of billing or invoicing, time and projects, events, cash flow, shipping and inventory management and so on.
This type of software helps one in carrying out all the above mentioned tasks and more in a very short period of time. It is error free and comes with features which were never there. It also helps the accountants in surprisingly newer ways. It helps to lock the clients data if needed, stop them changing any data before a certain date or locking certain bank accounts there by giving them a control over the accounts (especially in case if the client has been a defaulter for a long term), allows to keep track of the data the clients are entering (one can run all reports one can expect aged debtors, trial balances, sales reports and likewise) – thus analyzing the clients properly. The accountants can also organize the client’s reports by helping them customizes things in real – time.
Data security, accuracy in maintaining the accounts, error free calculations, improvised accounting and payroll process functioning are some of the most benefitting uses of this software. Whether you are a small business or a one man show service professional or even a business giant with multiple vendors and support staff, accounting is one aspect that cannot be ignored on any platform. Using this software brings light to any business without the need to actually have an understanding of accounts. All that you will need is basic computer knowledge, a computer to perform the task and a steady internet connection. To begin with, you can opt for a 14 day free trial.
Author Bio: The author of this article has decades of experience in the accounting field and understands the need for efficient book keeping and accounting for every small and large business. With these articles, she makes it a point to impart the know-how of kashflow and help businesses to take utmost advantage of it.