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EBP's Hubbix Accounting platform enables users to manage and automate accounting entry, bank synchronization, and cash flow.
EBP's Hubbix Accounting platform enables users to manage and automate accounting entry, bank synchronization, and cash flow. Learn more about EBP Hubbix Comptabilité

Features

  • Accounts Receivable Software
  • Billing & Invoicing
  • Fund Accounting Software
  • Purchase Order Management
  • Nonprofits
  • Tax Management Software
Infinity Finance ist die moderne Schweizer Buchhaltung für Startups, Freelancer und Kleinunternehmer – Buchen, Auswerten, QR-Rechnung …
Infinity Finance ist die moderne Schweizer Buchhaltung für Startups, Freelancer und Kleinunternehmer. Verbuche Belege, tracke deine Einnahmen und Ausgaben, erstelle QR-Rechnungen, und beeindrucke deine Kunden mit digitalen Offerten. Infinity Finance hat auch detailierte Auswertungen, damit du die finanzielle Gesundheit deiner Firma besser verstehen kannst. Entdecke alle Funktionen unter www.infinity.swiss/finance Learn more about Infinity Finance

Features

  • Accounts Receivable Software
  • Billing & Invoicing
  • Fund Accounting Software
  • Purchase Order Management
  • Nonprofits
  • Tax Management Software
Accounting solution that helps businesses manage receipts, reconciliation, reports, and more.
Accounting solution that helps businesses manage receipts, reconciliation, reports, and more. Learn more about Abhay Transactions

Features

  • Accounts Receivable Software
  • Billing & Invoicing
  • Fund Accounting Software
  • Purchase Order Management
  • Nonprofits
  • Tax Management Software
Business management solution that lets users handle employees, tasks, projects, invoicing, HR accounting processes, and more.
Designed for businesses of all sizes, the SaaS software helps collaborate with teams across organizations and streamline project workflow processes. Accounting: Interface ProGesSi with any payroll software on the market: Cegid, Quadra, Ibiza, Sage, EBP and many others Payroll: Interface ProGesSi with any payroll software on the market: Payfit, Silae, ADP, Sage and many others. Smart Invoice: When a supplier submits an invoice, don't bother to check the information, AI does it for you. Learn more about Progessi

Features

  • Accounts Receivable Software
  • Billing & Invoicing
  • Fund Accounting Software
  • Purchase Order Management
  • Nonprofits
  • Tax Management Software
SFacil is a set of accounting, payroll, and electronic invoicing systems to facilitate business administration.
SFacil software integrates a set of solutions for effective business control. The application incorporates systems for accounting statements and tax returns, complying with the regulations for electronic accounting. It also handles personnel management and payroll, providing copies of receipts to employees. Additionally, it generates electronic invoices and integrates with the accounting system for the registration of sales, customers, products, or services. Learn more about SFacil

Features

  • Accounts Receivable Software
  • Billing & Invoicing
  • Fund Accounting Software
  • Purchase Order Management
  • Nonprofits
  • Tax Management Software

Accounting Software Buyers Guide

What is accounting software?

Accounting software helps users manage and automate an organization's financial functions and transactions with modules including accounts payable, accounts receivable, payroll, billing, and general ledger. Integrated applications for online accounting software allow for comprehensive, real-time analysis of an organization's financial status including cash flow and expense management. Accounting software is related to bookkeeping software. In this guide you will discover the benefits and features of accounting platforms, as well as some things to take into consideration before purchasing a new tool, so that you can find the best accounting software for your small business in Canada.

What are the benefits of a comprehensive accounting system?

  • Cost savings: Outsourcing has been the traditional approach for managing small business accounting, which adds to the operational expenses of the business. Accounting software helps small businesses bring the accounting functions in-house, thereby reducing the total price tag.
  • Improved process efficiency: Accounting involves a lot of paperwork and manual data entry, which is time consuming and can be prone to human error. By digitizing financial paperwork, accounting programs help small businesses reduce the time it takes to process financial transactions such as expense management, accounts payable, and accounts receivable. Moreover, accounting software ensures that there is no error in calculations or discrepancy in records.
  • Easier tax compliance: Tax management for small businesses also involves a lot of documentation and paperwork. Small businesses need to make sure that all their tax forms are submitted on-time in order to avoid penalties due to delayed filings. Accounting software uses the financial and accounts information stored in the system, thereby making this process easier and free from human errors.

What are some typical features of accounting software?

  • Accounts payable (AP): Automates invoice capture, approval management, and authorization processes. The transaction information is reflected in the accounts payable and general ledger tables.
  • Accounts receivable (AR): Tracks customer credits related to payments and purchases. This information is reflected automatically on the general ledger.
  • Bank reconciliation: Matches "credits" and "debits" in an account to help businesses spot and correct discrepancies and missing entries in a record.
  • Financial reporting: Provides a graphical representation of data in accounting systems. These reports include sales reports, AP/AR, and cash flow analysis.
  • General ledger: Lists the accounts payable and accounts receivable information in a table. It also summarizes assets, equity, expense, and revenue information for each account.
  • Billing and invoicing: Creates invoices based on customer records, prints and sends them to the customers, and records the information in the accounting system.
  • Expense tracking: Records the total expenses incurred in a business. Most products allow users to submit expenses by uploading bills from a mobile app.
  • Project accounting: Tracks different accounting attributes for a client-facing project, such as incurred costs, expenses, billable hours, and client payments.

What should be considered when purchasing accounting software?

  • Data security: An accounting system handles sensitive client and financial information, which makes them a target for hackers. That's why security should be a prime consideration when selecting accounting software. Small business should ensure that their solution adheres to the necessary security standards, such as Extended Validation (EV) SSL and 256-bit Encryption.
  • Third-party integrations: Accounting software cannot work in isolation: it needs an ecosystem of other business applications. For example, integration with customer relationship management (CRM) software automatically pulls transactional records after a payment is received from the client. Integration with an HR and payroll solution allows users to pull the information related to the payroll-related costs. Buyers should evaluate integration capabilities before making a purchase decision.
  • Small businesses continue on the path of automation: In an attempt to reduce paperwork and minimize human errors, small businesses are looking for new ways to automate their accounting functions. The most recent development in this area is OCR (optical character recognition) technology, which allows users to scan physical documents and store their content in a digital format. As advancements in artificial intelligence and machine learning improve the accuracy of OCR, adoption of this technology can be expected to increase further.
  • Small businesses want visual representation of financial reports: Since around 65% of learning happens via visual content, buyers find visual representation of financial reports an important consideration while shortlisting their accounting system. This is also driving small business accounting vendors to include stronger visualization capabilities in their reporting modules.