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What are the benefits of accounting software?
Accounting software is used by companies to save time and to keep track of their expenses. If you manage your bookkeeping with an accounting software, you can store your financial documents in the software and conveniently assign them to the individual cost units.
Who needs an accounting software?
For small and medium-sized companies that cannot afford their own accountant, an accounting program is particularly interesting. It helps you to create and keep track of documents such as balance sheets. If your business has an accountant, the software allows you both to work together.
Cloud or web-based means that your accounting software is not installed locally on a specific device, but on a server of the software provider. This gives you additional freedom and makes it easier for you to work in teams. Thanks to cloud-based accounting, several employees can create invoices or estimates at the same time. On top of that, you can give your accountant convenient access to your bookkeeping. In this way, you are saving paper, energy and time so you can focus on the important things in life. Last but not least, web-based accounting software is less prone to failure than your home computer.
Basic features that an accounting program should have are the filing and classification of documents. These include primarily incoming and outgoing invoices, but can also be estimates, delivery notes, payment reminders or similar documents. Many accounting software even have an integrated invoicing program which allows you to create estimates and to automate the creation of invoices and payment reminders.