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Here are a few things to know about accounting software

Accounting software is a multi-million-dollar industry today. There are over hundred types of software to choose from. You can choose the best that suits your business. Accounting software has helped to automate the work of small shopkeepers to large business houses. Such software manages payroll, purchase orders, accounts payable and receivable, trial balance, office correspondence, memos, filing systems and so on.

Here are a few of the best accounting software that you can choose from.

AccountMate
AccountMate develops and markets business accounting software that can be modified according to your needs. Their systems range can be from a single user to a version that supports hundreds of users simultaneously. This software is available for local installation or as SaaS and is distributed through a worldwide channel of authorized solution providers.

CYMA
CYMA Accounting Software is for midsize businesses that are growing and require flexible user environment. It has a full suite of accounting software modules, advanced customizing options, robust reporting, and industry-leading security options. Additional modules and third-party integrations make CYMA perfect for a mid-size business.

Intacct
Intacct’s accounting software is used by over 7,300 organizations from startups to public companies, and it is a cloud-based financial management company. It is designed to make accounting productive and improve a company’s performance. Many CPA firms and Value-Added Resellers offer Intacct to their customers. Intacct system is delivered over the Internetnet via cloud computing. The system includes various application like accounting, contract management, revenue management, project and fund accounting, inventory management, purchasing, vendor management, financial consolidation and financial reporting applications.

Red Wing Software
Red Wing Software is the creator and distributor of accounting and payroll software. It offers services to various businesses including small, mid-sized, agri-business, municipals and nonprofit organizations in North America. CenterPoint Accounting their accounting software has many handy time-saving features like pop–up reminders, quick lists, keyboard commands for “heads down” data entry, and the ability to skip fields to speed up data entry. Red Wing offers customer care plans with definite response time to answer your questions quickly. The questions are never outsourced to an offshore call center. Their product enhancement is based on customer requests and suggestions. They also offer training options like web training, or classroom, web training, or ask a consultant to come to your site to help with training and implementation.

SAP
SAP gives a proper foundation for your accounting and reporting teams. For a company with Global accounting and reporting requirements, their financial accounting software solution unifies the functions of financial accounting for greater efficiency and transparency. The software records all the financial processes into a comprehensive general ledger. It supports parallel accounting and multidimensional reporting. You will get complete financial accounting by integrating the assets, payables, receivables, and inventory. It has powerful management accounting tools for various orders, projects, cost centers, and profit centers.

Traverse
Traverse delivers the tools you need to run your business. Traverse ERP software gives you a complete insight into all business processes. With Traverse, you get seamless integration across the system. Traverse suite integrates data with other databases and applications, and third-party applications or websites. Traverse can be adjusted to suit your needs – they can personalize for each employee r. Instead of changing businesses change the way you do business. Change the way your business process works to fit the software; Traverse is flexible enough to adapt any way you do business.

Yendo
Yendo is an online CRM and Accounting software meant for small businesses. It helps you create your accounts with ease. It eases the hassle of managing sales and it keeps your invoices close to your fingertips. Just type them in and send them via email. If someone owes you, money Yendo will inform you how much, by whom and for how long.

FreeAgent
Launched in 2007 it was created for small business and freelancers who were frustrated trying to manage the company’s account and changing the relationship people have with finance. This is an award-winning accounting software for freelancers and small businesses.

NetSuite
The first of a kind cloud Enterprise Resource Planning (ERP) solution. It is the most downloaded suite. They have over 20,000 organizations across 100 plus countries. NetSuite ERP changes the traditional accounting method by streamlining the operations across an entire organization. They provide real-time visibility that is needed to make better and faster decisions.

Oracle
Oracle E-Business Suite applications help customers manage the complex global business environments. Oracle Financials Accounting Hub (FAH) allows you to professionally create detailed, auditable, and reconcilable accounting from a variety of source systems. The system includes an accounting transformation engine which has extensive validations, accounting and rules repositories. This transformation engine enforces accounting policies. This suite gives centralized control; detailed audit trails and accommodates diverse corporate, management and reporting requirements.

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