Best Small Business Accounting Software

SMALL BUSINESS SOFTWARE

Small Business Software , it helps to small business owners to run their operations better, because it cut costs, and reduce paper work. 

Well designed accounting software can help any business reduce costs by increasing the efficiency with which incoming cash flows and payments, outgoing bill payments and liabilities, and payroll are handled.

It is specially designed for small business, The small business accounting software includes so many tools & packages, they are ranging from small business and HRMS (human resource management system) to accounting, office productivity & communication software.

The major issue for small business has been to organize their financial records & mostly due to government requirements in tax reporting.

Accounting software helps business to record and process accounting transactions within functional modules such as account payable, account receivable etc. The advantage of accounting software is that it can be accessed anywhere anytime with any device which is internet enabled or may be desktop based. it benefited in complexity and cost.

The common module for small business accounting software are :- 

1. Core Modules

2. Non-core Modules 

1.Core modules:- its is related with accounts payable, accounts receivable, general ledgers, billings, purchase orders etc.

2. Non-Core Modules:- it includes debt collection, electronic payment, expenses, reports, time sheet etc. 

Small Business Accounting Software (SBAS) provides many benefits like; Speed up the information retrievals  process, brings efficiency in bank reconciliation process, automatically upgrade the (VAT) Value Added Tax etc. and the important thing that this software provide the opportunity to see the real-time state of the company's financial position. 

MICRO SCALE BUSINESS:- does not exceed twenty five lakh rupees

SMALL SCALE BUSINESS:- More than 25 Lakh Rupees but does not exceed 5 crore rupees 

MEDIUM SCALE BUSINESS:- More than 5 crore Rupees but does not exceed 10 crore rupees 

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