Accounting Software – Do you really need an Accountant?

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The conventional role of an accountant is changing day by day. In past years a small business would fly a good accountant as one of the essential demand when a business is started. Their advice and consultancy towards all materials linked with the structure and drive of a business was recognized as necessary in order for a small business to be fruitful. The recognized attention of the role accountant’s play with a business has been more bought into question as the internet has advanced and mature into next stage. The consultation that accountants used to charge for regarding company formation, setup and VAT registration is easily available at free of cost on the internet. Moreover, the rise in ERP and cloud based accounting software has made it simpler than ever for business to keep their accounting books in good model. As a custom accounts software development company we wanted to analyze why more and more business are deciding to use custom accounting software and how this has affected the traditional role of an accountant.

Why business owners are using ERP or custom accounting software?

Time Schedules: A software can extend its working 24 hours in a day or 24/7 in a week’s whereas an accountant has arranged schedules and periods. As a business, it is difficult to work around the clock or a schedule of 8 to 5 and accordingly having the stringent nature of accountant opening hours can be depressing. Moreover, if a time limit is required that needs an accountant’s role and you are billed overtime for accountants extra working hours.

Information Security: Even though the possibility of signing confidential documents with an accountant the authenticity remains that, you are revealing valuable information about your business procedure and approach to a third party. At the same time, there can be advantages that can earn a second opinion on company procedure there is also a risk that this information get into the public domain. A software in this place allows you to keep all of your confidential procedures inside the business.

Ease of use: An accounting software has become very easy to operate and user friendly with lot of products available that do not desire the user to have any finance knowledge to all. This allows business owner to easily control their commercial transactions.

It is seriously important that an accounting software is bought to match the clear-cut elements of the business. There are lot of software packages available in the market targeting all sectors of the SME market. Business owners should think about their exact business requirements and analyze the industries suitable for a product that meets these specifications.

Are you looking for an accounting software or business management software Please contact us for a consultancy +971 4 352 9915, +971 55 899 3902 or visit www.facts.ae to learn more about accounting software or email your concerns to info@facts.ae and sales@facts.ae.

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