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Accounting software is one of the most important software for your organisation. It provides a digital structure for business data. Through the software, you easily run important reports and have full insight into all financial data. Good accounting software is indispensable for any organisation.
Software is used to keep track of your company's finances. From invoicing to tax filing and project management, accounting software is an essential tool for your organisation. With the financial reports generated, your business can grow smoothly and continuously.
However, it is important to choose the right software. In this article, we will give you a better idea of what different software packages have to offer and which option would best suit your organisation.
The best accounting software
1. AFAS Software
AFAS Software has stated its mission to “inspire organisations to do business better”. The software helps you achieve your business goals more easily because processes are fully automated. Organisations thus save a lot of time and can spend that time on increasing quality and more job satisfaction.
Many administrative business processes within an organisation are interrelated. From managing (customer) relationships to paying employees, from writing project hours to financial administration. That is why AFAS has developed one complete system in which all these activities come together. The result? You no longer lose time on double administration, you work more efficiently and can focus on your organisation's core business without any worries.
2. Exact Online
With Exact's software, you have time recording, purchasing, invoicing, CRM and accounting in one convenient programme. So you no longer suffer from calculation errors due to double entries.
Exact Online focuses on specific solutions for sectors. So do you have a one-man business, a start-up or already an established company in construction, manufacturing or business services? Exact supports the challenges that apply to your business.
3. Twinfield
Twinfield is the market leader in Europe for real-time accounting solutions: countless organisations use their systems. Users can collaborate from anywhere in the world at any time of day.
You will experience the advantage of having real-time information at your disposal. With just a few clicks, you get up-to-date insight into your company's financial position.
Twinfield offers simple, yet sophisticated accounting, time and expense registration, invoicing and reporting. Online, secure and for a fixed monthly fee per user.
4. Visma
Twinfield is the market leader in Europe for real-time accounting solutions. Countless organisations use their systems. Users can collaborate from anywhere in the world at any time of day.
Experience the benefit of real-time information. With a few clicks, you get up-to-date insight into your company's financial situation.
Twinfield offers simple, yet sophisticated accounting, time and expense registration, invoicing and reporting. Online, secure and for a fixed monthly fee per user.
5. Oracle
As part of the great Oracle, there is also Oracle Financials Accounting Hub (FAH). This software allows your organisation to create detailed and auditable accounting records from a variety of systems that Oracle offers.
It provides a full set of tools needed to efficiently manage your organisation's financial needs. Information stored in the system is both secure and easily accessible.
The 3 best free accounting tools
1. Hubstaff
Hubstaff enables streamlined time tracking with its mobile and desktop apps to achieve accurate project accounting.
Functionalities of the software include: screen shots, GPS tracking and geofences. Hubstaff can be integrated with more than 30 apps: including Asana, Trello, Github and PayPal.
2. Wave
Wave‘s products were developed specifically for small businesses, with the idea of making this kind of software less intimidating.
The tools offer a variety of functionalities, for example bulk transaction updates and exchange rate conversions. PayPal, Etsy and other services can also be integrated.
3. ZipBooks
ZipBooks is another great software tool for project accounting. Since it is open-source, companies can completely customise it to their own requirements by simply downloading the source code.
It offers decent out-of-the-box functionalities: including customised invoices and quotes, supplier and customer tracking, balance reports and more.
Frequently asked questions about accounting software
Do I need accounting software?
Modern project accounting software tools have numerous functionalities that can be of enormous value to a company. In fact, they offer more than just managing and controlling project costs. And it is not only large, but also medium and small businesses that benefit considerably from project accounting software.
Even startups can get a lot of value from it. Project accounting software provides more control and accountability over projects. It also helps improve collaboration and communication between team members.
How do you implement accounting software?
Successful implementation of your accounting software should not depend on luck. It is imperative that it is done right the first time. A failed implementation can lead to all sorts of problems in the longer term.
Map all business requirements and processes first. This due diligence at the beginning makes it easier to choose the most appropriate software. The requirements will be part of the project plan on which the entire implementation will be based.
Only then can the actual integration begin. The implementation team will work to achieve the milestones set out in the project plan. Once testing and internal training are completed, the data can be migrated and the new system can be fully commissioned.
What are the recommended procedures for working with accounting software?
It is important to test the integration properly before migrating all data to the new system. That way, any bugs or issues can be fixed with minimal impact on business operations. Ongoing support is important during implementation.
Employees may need some time to get used to the new system. And there may also be unexpected errors or problems that can be resolved quickly if a support team is in place.
Wondering how to easily integrate SimpledCard with your accounting software? Our financial experts will be happy to work with you to see which solutions fit your organisation, wishes and ambitions.
