- Scanning documents
- Capturing information through digital forms
- Creating a relationship among relevant documents in a business database for easy access
- Workflow functionality to create audit trails and automate authentication requirements
2. Space saving
3. Data integration
Accounting software does not just capture your records. It also integrates your accounting information with existing business systems and records, like your CMS and gives you much greater visibility. This allows you to link specific transactions with specific clients and departments and thus act as needed.
For instance, if you find that one vendor is costing you an excessively high retainer and incidental fees, you might choose not to work with that vendor.
And if one client is repeatedly buying a fixed quantity of goods at intervals, you could choose to offer them a special subscription-type rate. Having real-time data at your fingertips allows you to run a more efficient business.
4. Higher security
5. Greater accuracy
6. Cost saving
When you save time by using accounting software, you get to devote it to core business activities like finding clients, expanding your services and completing projects. There is also the benefit of not needing to hire anyone to sort through the paperwork and of not having to keep shelling out money for printouts.