The working of every department of the business has changed with time and that’s why adapting to the latest trend and technology is the current demand of the market and it is also the key to be in the race of survival and competition.
With the growth of the internet and technological evolution, apps have become an important part of the business. They make things easy, quick, effective and much more accurate for all the different departments of the businesses and accounting is no exception to it.
These days, survival of the accounting department for even small and medium-sized businesses is not possible without apps. There is a bunch of software which allows the accounting department to be more productive but you should also have the right mix of software for all your accounting needs so that all your accounting tasks like tax filing, forecasting, cost saving, etc. can be done in a more precise way. So through this article, we will get to know the top 6 must-have apps for your accounting department, in order to work efficiently.
1. Accounting software
Accounting software is very much important for any type of business because it makes the cumbersome process of accounts preparation, quick and accurate. With the help of accounting software, you will be able to easily handle your accounts, invoicing and billing. It will also allow you to track your cash outflow and inflow in a much easier way with enhanced security of your data.
Best accounting software- QuickBooks, Freshbooks, Xero
2. Payroll management software
Payroll management software adds a lot of value to the business (of any size and type). It will allow you to work out payroll calculation quicker, automate particular payroll processes, store important data such as payslip and annual report, in a fully secure environment.
Best payroll management software- Intuit Payroll, Gusto, etc.
3. Tax preparation software
Tax preparation and calculation is an important part of a business and that’s why it should be taken very seriously. A fully functional tax software can help you to simplify your tax calculation and make the process of tax filing quick and accurate. The tax software are also very much effective for pre-season tax preparation.
Best tax preparation software- ATX, Lacerte, Proseries, Drake, etc
4. Integrated CRM
An integrated CRM software is very useful for amplifying the inter-departmental communication in your organization and for getting real-time information as well. Integrated CRM software have become a new normal for business and that’s why you should implement it in your organization to make the most of the current trends and technologies.
Best Integrated CRM software- Zoho, Nimble, Method CRM
5. Time tracking software
A time tracking software helps a business to keep its employee on track, improve quotes and estimate, makes job and shift scheduling easy and enhances client billing process. Nowadays, most of the businesses are using time tracking software because it is helping them to carry out their different businesses process with ease.
Best Time tracking software- Tsheet, Count Me In, Toggl, etc.
6. Hosting Service
Hosting services take off the burden of all the IT hassle of a company as the third-party hosting provider handles everything. Hosting solution like QuickBooks Premier hosting, has many advantages like anywhere, anytime accessibility, 360 degree secuirty, multi-user access, etc.
Best Hosting service providers - Like Cloudwalks Hosting LLC.
Software has now become a new normal for businesses and it is helping all the industries to simplify their various tasks and complete it in a much quicker and accurate manner. If your accounts department is lacking any of the above-mentioned software, then you should go for it without any doubt.
Preeti is a technical content writer who is currently associated with Cloudwalk. She spends most of the time of her day in the world of cloud computing and accounting software. Her vast experience in the field of cloud software and her love for IT has allowed her to become a major contributor on most of the knowledge based cloud platforms.