To get to know more about what type of accounting software that you require it is always good to know the types of accounting software. There are many types of accounting software that you will come across. They are as listed below:
- Spreadsheets
The bookkeeping for business has mainly been using spreadsheet like Microsoft excel or google spreadsheets. It can be used for any basic accounting need. It can be sued for list of items, sales, expenses, purchases. It can be used only for simple accounting and bookkeeping but not as a business management software.
- Enterprise accounting software
This is for a larger sized companies that has a complex business structure and complex business process. It integrates with other software that already exists in the business managing the workflow, business intelligence, project planning, expense tracking and managing sales. It works with the help of multistage protocol which means it collects information from accounting sofwtare vendors. It can also be sued for managing clients and finding leads for your business.
- Custom accounting software
This is the type of software that your business asks a local software vendor to create one. This is a common type of software that small retail shops usually come up with by contacting local vendors. It is built only for your business type keeping all your requirements in mind an entirely customized software that meets only your business needs.
- Database accounting software
It is a type of software that usually multi million business uses. Large business corporations use a database software for more safety. This requires a large database to be installed. The business owner requires to hire a system engineer and system consultant to install and to operate it. This type of software handles all the complex tasks of business management like handling large network, every department, complicated accounting functions.
- Installed accounting software
This is a type of software that works offline. It is for the business that are located in poor net connection areas. It can be used after the business has it installed and at times in form of cd or a DVD that you will need to install in system.
- Cloud accounting software
These are the accounting software available online and stores all your data in the cloud. The can be accessed from any location and nay device. Usually this type of software is the most convenient software as it comes with smart processing system and has several features that other software may fail to provide. It has backup for your data and can be easily used without any server maintenance, etc.
Reach accounting software
Finding the right software for your business can be difficult but after learning about the types of accounting software here is a brief idea about one of the best cloud accounting software that you can use for any size of business.
Reach is a friendly, customizable software that is entire cloud based hence it stores all your data in the cloud. It can manage your entire business as it a powerful software that simplifies a complex business process. Reach takes care of all the accounting, tracks sales, purchases, employees, etc. It creates invoices, synchronizes your bank and emails. It also helps in real time access to your information and allows you to take better decision. Reach as you see is not simply an accounting software but an intelligent software that knows how to manage a business.
Its features include:
- Order management
- Manufacturing management
- Warehouse
- POS
- Lots and barcode management
- Project
- Accounting
- Invoicing
- Multi branch
- Purchases
- Sales
- Access
- Multi company
- Auditor view
- Mobile application
- Business automation
- Operations and process
- Loyalty management
- Addons
- Tally import
It can be used by any type of business like retail, job workers, service providers, large, small and medium business.
It automates your entire business not requiring you to do any heavy work in accounting matter. It creates customized invoices, allows you to see your profit level, project progress level, inventory level so you are always updated about your business. It also allows you to manage multiple branch and multi business. This way it reduces a lot of cost that you generally spend on a business. As you will no longer have to visit all your business but instead you can just keep it under your watch using the software and all the reports will be sent to you on daily basis. This allows you to take better decisions as you have the view of all the updates in real time thus you can make changes at a faster rate and update your employees about it as soon as possible with nothing to interfere the communication.
Reach comes with easy backup as it is cloud based and stores your data with bank level security which has 256 bit encryption. It also lets you control unauthorized access by letting you restrict areas within the software from your employees. This way you can get guaranteed privacy and security. Reach provides free anti-virus so your data is always safe from any kind of virus attack and this way you can also save your system from crashing.
Reach is easy to use even if it is takes care of all your complicated business structure. It takes shorter period to be implemented so the training time reduces for your employees and you can start using it as soon as possible. It has simple steps and instructions making it easy to use and also has a clean interface. It also improves your business image and helps in increasing profit. Reach is a benefit filled software that every business owner will be fond of using.
The cost of Reach software depends on the number of users you are looking to buy for. It varies from 1 to unlimited users. There are no hidden costs in Reach as it does not have any customization fee unless it is a kind of customization that only your business may require. There is only 20% of renewal fee collected every year which is lesser than other software provided by the industry.
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