Accounting Software – Do you really need an Accountant?

By -

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.

Comments

Post a Comment

Popular posts from this blog

What are the benefits of HR software?

By -
Image
  What are the benefits of HR software? Unsure whether to take the plunge and invest in HR software ? With so many kinds of tech out there, it can be difficult to work out what will benefit your business the most. Read on to learn more about HR software and the benefits of human resource management systems. Why HR software? The most valuable and important resource in your company is not your office building or your warehouse, it’s the people who work there. That’s why it makes good business sense to look after your employees and help them work at their best. As Richard Branson famously once said: "Look after your people and they will look after your customers. It's that simple".  HR software makes managing people simple, saves you (and everyone else) a lot of time. Spending less time wading through manual admin and you can focus on the things that keeps your employees happy and focused on the job at hand. What is HR software? At its simplest, HR software – so
Read more

How to efficiently manage your resources through HR software on Work from Home Policies

By -
Work from home or remote working is an agreement between employees and company or office from a non-office location. In the recent Covid 19 pandemic issues it is advisable to work from home. The major concern of a company is how to monitor the output of an employee in this situation. Definitely, a good Human Resource or Capital Management (HCM) can helps a lot in this situation. The key is to create better work from home policies that sets the goals and clear objectives.   Policies and communications helps the team to be connected and productive if they are away from the office. FactsHCM can easily help in this scenario, as a subject matter expert and a dedicated HCM solution . FactsHCM can play a pivotal role in this. Designed as per the industry-accepted standards FactsHCM easily manages the entire organizational requirements and answers to your problems.  FactsHCM turns your tedious work from home issues into a few clicks. FactsHCM also ensures government compliance
Read more

Inventory Management Software

By -
Inventory Management Software Replenishing of stock comes every month in most organizations to avoid going out of stock, but this increases the chances of stock outages and overstock bringing about losses in some cases. That is why there is a need for the implementation of an online ERP software called Inventory management software that will be used to organize inventory data which previously, has always be stored in spreadsheets or any hard-copy to avoid inventory outages or overstock. What is Inventory management software ? Inventory management software is an ERP software system used to monitor inventory levels, sales, orders and deliveries to eliminate the chances of product outages, overstock or understock. Benefits of Inventory management software This ERP software is used for so many purposes, and this has standardized its position as one of the top ERP solutions. The benefits of IMS to organizations include; ·          It reduces organization carry cost ·  
Read more