What is accounting software?
Accounting Software is a type of software designed to record and process accounting transactions. The functionality of the software’s vary from product to product; large companies may wish to use a more advanced piece of software that can integrate vast amounts of data from multiple departments. Smaller companies may find a simple off-the-shelf product will suffice.
Does my business need accounting software?
Absolutely. Having a system in place that allows you to record your finances in an efficient and accurate way is of vital importance to almost any business. You are liable to be fined if you fail to keep truthful and accurate financial records.
Who uses accounting software?
Well, anyone can use accounting software. However, the software’s can be difficult to use (especially for larger businesses who use more complex systems) if you lack the proper training and/or experience. Generally, some training is required to use the software, this is why many companies use an accountant/bookkeeper, so as to save time and ensure their finances are being dealt with correctly.
At Aston Shaw, we make both options available to you. We can manage your finances for you; or we can advise and provide you with the most appropriate software and training so as you can manage it yourself. What you decide really depends on the nature of your business and the amount of time and resources you have to dedicate to using the accounting software.
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