Why Choose An Integrated Business Software for Accounting

​One of the hardest things about running a business is to control and manage a variety of tasks such as accounting, tax filing, workforce management and so on, many of which have little or no relation with the other. With technology, you can minimize the human effort that goes into the running of these businesses. 

Some of the software you will need to run your business effectively are those related to accounting, payroll, tax and workforce management. Every small and medium-sized business makes use of these tools to simplify their processes, eliminate the cost of human labor and minimize the errors. 

​Managing your business and controlling the processes can be simplified by integrating the various software applications used by your company. Essentially, integration means that the software applications exchange the data between themselves – they don’t remain as independent standalone applications, each with its own set of data.
The data is shared between and among all the other software applications. So the accounting data is shared with the Work Flow Management software and the payroll data is using by the software used for tax filing.

Why use integrated business software?  

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Reason #1: Integrated business software allow for automated information sharing. 

​Each software application requires critical information to process the various tasks. It is possible that some of the data may be available to one of the software and to another. For example, payroll software may have the details related to the salary information, which the tax preparation software may not have.  Back in the past, you would have no choice but to manually feed the data into the software. Now, with cloud accounting and integrated business software, you only need to enter the data once. It is then shared by the various software applications easily and efficiently.

Reason #2: You can now have a much better control over your business.

​It is not easy to manage so many different applications and have a different software application for managing your statements, preparing bills, filing tax, filling forms, viewing employee data, preparing a master data file and so on. Having an integrated business software such as QuickBooks hosting would simplify a lot of things for you as it hides the complexity and presents you with a simple interface. Also, with QuickBooks hosting, it hardly takes any time at all to launch the software – there’s no installation or setup needed to be done, you can get started right away by simply subscribing to a cloud hosting plan and launching the app that comes with it.

Reason #3: There’s no reason to hire a dedicated IT team.

​Traditionally, companies were required to hire a dedicated IT team of at least half-a-dozen personnel to manage the various software applications. This was not feasible and as a result many companies ended up spending more than they could afford to on maintaining an in-house IT task force. Now, with integrated business software hosted on the cloud, you can manage your business processes by yourself, without having to hire qualified IT personnel or maintain a large IT infrastructure for it. Cloud hosting does make things so much easier for your business.